Educational guide
IDENTIFYING DATA 2022_23
Subject INTERNATIONAL ACCOUNTING STANDARDS Code 00512014
Study programme
0512 - GRADO EN COMERCIO INTERNACIONAL
Descriptors Credit. Type Year Period
6 Compulsory Second First
Language
Castellano
Prerequisites
Department DIREC.Y ECONOMIA DE LA EMPRESA
Coordinador
FERNÁNDEZ SANTOS , YOLANDA
E-mail yfers@unileon.es
mbmorg@unileon.es
Lecturers
FERNÁNDEZ SANTOS , YOLANDA
MORALA GÓMEZ , MARÍA BELEN
Web http://
General description This subject aims to provide students with a general overview of international accounting harmonization process with a special reference to the Spanish case. Some International Accounting Standards (IAS) are also studied
Tribunales de Revisión
Tribunal titular
Cargo Departamento Profesor
Presidente DIREC.Y ECONOMIA DE LA EMPRESA FERNANDEZ FERNANDEZ , JOSE MIGUEL
Secretario DIREC.Y ECONOMIA DE LA EMPRESA SIERRA FERNANDEZ , MARIA DEL PILAR
Vocal DIREC.Y ECONOMIA DE LA EMPRESA VALDUNCIEL BUSTOS , LAURA
Tribunal suplente
Cargo Departamento Profesor
Presidente DIREC.Y ECONOMIA DE LA EMPRESA LOPEZ GONZALEZ , ENRIQUE
Secretario DIREC.Y ECONOMIA DE LA EMPRESA MENDAÑA CUERVO , MARIA CRISTINA
Vocal FEITO RUIZ , ISABEL

Competencias
Code  
A6348
A6413
B787
C2

Learning aims
Competences
Be able to apply international accounting standards to the main operations in a company A6348
 B787
 C2
Be able to assess the main differences between international accounting standards and Spanish accounting standards and their possible effect on Financial Statements A6348
A6413
 B787
 C2

Contents
Topic Sub-topic
Block A: ACCOUNTING STANDARDIZATION. INTERNATIONAL ACCOUNTING HARMONIZATION PROCESS Unit 1.- International Accounting Harmonization
Unit 2.- Essential characteristics of the IASs and Conceptual framework of the IAS
Unit 3.- IAS 1 - Presentation of Financial Statements
Block B: ANALYSIS OF INTERNATIONAL ACCOUNTING STANDARDS Unit 4.- IAS 2 - Inventories
Unit 5.- IFRS 15 - Revenue from Contracts with Customers
Unit 6.- IAS 21 - The Effects of Changes in Foreign Exchange Rates

Planning
Methodologies  ::  Tests
  Class hours Hours outside the classroom Total hours
Problem solving, classroom exercises 29 40 69
 
Assignments 1 10 11
 
Lecture 25 40 65
 
Mixed tests 5 0 5
 
(*)The information in the planning table is for guidance only and does not take into account the heterogeneity of the students.

Methodologies
Methodologies   ::  
  Description
Problem solving, classroom exercises Classroom exercises will serve to put into practice the theoretical knowledge acquired through the lecture
Assignments The teacher will ask the students to carry out tasks. These will be done individually or in groups.
Lecture Theory sessions will be developed mainly through theoretical lessons on the essential contents of the syllabus. The development of these classes will be done with a practical approach, making easier the understanding of the accounting process.

Personalized attention
 
Lecture
Problem solving, classroom exercises
Assignments
Description
Students can attend individual o group tutorials in the schedule established by the teacher in order to clarify doubts and to help students with a better understanding of the class explanations

Assessment
  Description Qualification
Mixed tests THEORY TESTS (30%)

There will be a multiple choice theory test and / or short questions for each content block:
- The first covers Topics 1 to 3, will be held in the middle of the semester and will have a maximum grade of 15% on the overall mark.
- The second covers Topics 4 and 6, will be held at the end of the semester and will have a maximum assessment of 15% of the overall mark.

PRACTICAL TESTS (50%)

A practice test will be carried out for each Block of contents:
- The first test will deal with the examples and assumptions made in class related to the topics in Block I. It will be held in the middle of the semester and will have a maximum grade of 20% on the overall mark.
- The second test will cover all the practical part related to the contents of Block II of the subject. It will be held at the end of the semester and will have a maximum grade of 30% on the overall mark.
 80%
Others TASKS (15%):
Individual or group activities. During the course, students will carry out tasks or theory and / or practice assignments individually or in groups. Together they will have an assessment of 15% on the overall mark.

ACTIVE PARTICIPATION IN CLASS (5%):
Assistance with achievement (active and voluntary intervention of the student in the development of classes in the classroom).

 20%
 
Other comments and second call

During the development of the tests Students can not handle any material other than the usual desktop hand writting  material (pen and pen). It is strictly forbidden to hold and use mobile and / or electronic devices during the conduct of the tests. The mere possession of devices such as notes, books, folders or miscellaneous materials is not authorized during the evaluation tests, and will entail the immediate withdrawal from the exam, expulsion from the exam and its assessment as "failled" (suspenso), as well as , communicating such event  to the Academic Authority of the Faculty/University to implement the actions provided for in the applicable Guidelines for Action on Plagiarism, Copy or Fraud in Examinations or Evaluation Tests, approved by the Standing Committee of the Governing Council (Consejo de Gobierno) of the University.

Sources of information
Access to Recommended Bibliography in the Catalog ULE

Basic Gonzalo Angulo, J.A. y Garvey, A.M. , Contabilidad Internacional. El IASB y la Unión Europea, Lefebvre El Derecho, 2017
KPMG INTERNATIONAL FINANCIAL REPORTING GROUP , Las NIIF comentadas. Guía Práctica de KPMG para comprender las Normas Internacionales de Información Financiera, Thomson Reuters Aranzadi, Madrid, 2012
Pulido Álvarez, A. , Las Normas Internacionales de Información Financiera (NIIF/NIC). Una visión actual , Ibergarceta Publicaciones, S.L. , Madrid, 2013
FUNDACIÓN IFRS, Normas Internacionales de Información Financiera NIIF, IFRS Foundation, 2018
Castillo-Merino, D. y Rodríguez-Pérez, G., Normas Internacionales de Información Financiera: NIC-NIIF, IQS, Barcelona, 2017

Aguilar Jara, I. et al. (2017).Normas Internacionales de Auditoría adaptadas para su aplicación en España porel ICAC. Lefebvre El Derecho. 

KPMG (2012). Las NIIF comentadas.Madrid: Editorial Thomson Reuters Aranzadi. 

Mantilla, S.A. (2015). Estándares/NormasInternacionales de Información Financiera. Bogotá: Ecoe, 5ª ed. 

MELVILLE (2017). A InternationalFinancial Reporting: A practical Guide. Pearson International. Varios autores. Memento Contable2019 (2019). Lefebvre El Derecho. 

Vázquez Carrillo, N. y DíazMondragón, M. (2013). Normas Internacionales de Información Financiera(NIIF-IFRS). Principios y ejercicios avanzados de contabilidad global. Barcelona:Profit. 

Wiley Wiley (2019).Interpretation and Application of IFRS Standards. John Wiley & Sons, Ltd.

Normativa española de referencia (puede descargarse en www.icac.meh.es ) :

- Real Decreto 1514/2007, de 16 de noviembre, por el que se aprueba el Plan General de Contabilidad.

- Real Decreto 1515/2007, de 16 de noviembre, por el que se aprueba el Plan General de Contabilidad de Pequeñas y Medianas Empresas y los criterios contables específicos para microempresas.

Normativa internacional de referencia:

International Accounting Standards Board (IASB) www.ifrs.org

Instituto de Contabilidad y Auditoría de Cuentas(ICAC). https://www.icac.gob.es/
Complementary


Recommendations


Subjects that it is recommended to have taken before
FINANCIAL ACCOUNTING / 00512001