International Financial Accounting and Reporting 2600-MRCz2ESM

The course provides comprehensive knowledge of the complex aspects of accounting under International Financial Reporting Standards (IFRS), understood as a discipline, the language of business, and a regulatory and information system.
The course discusses current developments in accounting, including upcoming standards (e.g., IFRS 18).
The course analyses the structure of financial statements, international trends, and the principles for determining profit or loss, including comprehensive income. It covers accounting for financial investments and investment properties under IFRS and US GAAP in comparison with Polish accounting law, with particular attention to various types of financial instruments and the recognition of investment properties. Similarly, the accounting for non-current assets—such as property, plant and equipment, intangible assets, and intellectual property—is examined in light of international and Polish regulations, including depreciation policies, leasing, and provisions management.
The practical component of the course includes workshops (classes) where students develop skills in recording and measuring business transactions, learning the impact of performance-related events on assets and liabilities as well as the structure of revenues and expenses.
The course prepares students for independent analysis and application of advanced accounting principles in diverse business contexts, enabling an in-depth understanding of both national and international regulations.
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Detailed Topics
1. Introduction to IAS/IFRS – financial statements, accounting policies, events after the reporting period (IAS 1, IAS 8, IAS 10)
2. Measurement under IFRS – IAS 21, IAS 23, IAS 20, IFRS 13
3. Property, Plant and Equipment (IAS 16) – scope, objectives, definitions; recognition of tangible non-current assets; subsequent measurement of property, plant and equipment; subsequent expenditure; recognition of repairs; depreciation policies; component analysis
4. Intangible Assets (IAS 38) – definition; development and research costs; recognition of intangible assets (initial value, subsequent expenditure); useful life and amortisation of intangible assets
5. Leases (IFRS 16) – from both lessee’s and lessor’s perspective: classification of leases; recognition and measurement of leases in lessee’s financial statements; recognition and measurement of leases in lessor’s financial statements; disclosure requirements and implementation
6. Impairment of Assets (IAS 36) – purpose, scope, definitions; impairment testing; steps in determining impairment; recoverable amount; recognition of impairment; IFRS 5 (non-current assets held for sale and discontinued operations)
7. Revenue Recognition (IFRS 15) – key definitions; identifying contracts; identifying performance obligations; satisfying performance obligations; valuation principles including transaction price determination, variable consideration, refund liabilities, reassessment of variable consideration; allocation of transaction price to performance obligations; contract costs including incremental costs of obtaining a contract, fulfilment costs, amortisation and impairment
8. Provisions, Contingent Liabilities and Contingent Assets (IAS 37) – recognition and measurement of provisions and liabilities; determination of provision amounts; Employee Benefits (IAS 19) – recognition and measurement of employee-related obligations and provisions; presentation in financial statements and specific disclosures
9. Inventories (IAS 2) – recognition of inventories with examples in trading and manufacturing entities; measurement of inventories including self-produced goods; year-end measurement including impairment write-downs.
10. IFRS 9 – Selected Financial Instruments, including trade and other receivables: scope of the standard and its relationship to other standards (IAS 32, IAS 39 and IFRS 9); classification and categories of financial instruments; trade and other receivables as financial instruments; measurement of financial instruments; expected credit loss models – general and simplified approach; derivative instruments and embedded derivatives; impairment write-downs of trade receivables
11. Deferred Income Tax (IAS 12) – recognition of current tax; recognition of deferred tax assets and liabilities; assessment of future taxable profits for the recoverability of deferred tax assets
12. Agriculture (IAS 41) – recognition and measurement principles, comparison with Polish National Accounting Standard 12; presentation requirements

K. Trzpioła Księgowania wg znowelizowanych regulacji UoR, MSSF/MSR oraz podatkowych - praktyczne wskazówki Wydawnictwo Wiedza i Praktyka Warszawa aktualne wydania np. 2025
Teksty międzynarodowych standardów rachunkowości - Rozporządzenie Komisji (UE) 2023/1803 z dnia 13 sierpnia 2023 r. przyjmujące określone międzynarodowe standardy rachunkowości zgodnie z rozporządzeniem (WE) nr 1606/2002 Parlamentu Europejskiego i Rady (Tekst mający znaczenie dla EOG) dostępne https://eur-lex.europa.eu/search.html?DTA=2023&SUBDOM_INIT=ALL_ALL&DTS_SUBDOM=ALL_ALL&DTS_DOM=ALL&or0=DN-old%3D32023*1803*%2CDN-old%3D52023*1803*%2C&type=advanced&excConsLeg=true&qid=1759151204556&DTN=1803

Materiały autorskie w formie elektronicznej
Uzupełniające:
Międzynarodowe Standardy Sprawozdawczości Finansowej a ustawa o rachunkowości - Maciej Frendzel, Radosław Ignatowski, Przemysław Kabalski, Natalia Krzyżanowska Wydawnictwo Rachunkowość 2015