As a result of module learning a student should: master the procedure of accounting organization and accounting records maintenance according to IFRS; be able to display information about business transactions in the accounting system and in the financial statements of an enterprise according to the rules determined by IFRS

- prerequisites: «Accounting in business management», «Financial analysis»;
- corequisites: «Accounting organization», « Management information systems in accounting, analysis and audit»

Conceptual Framework for Financial Reporting. Basic requirements for the elements of financial statements. Accounting policies in preparation of the financial statements. Accounting of assets. Accounting for liabilities, exchange rate changes and the impact of changes in exchange rates and contingent assets. Income and expenses. The accounting for the financial instruments and theirs reflection in the financial statements. Investment in associates and joint ventures. Business combinations and consolidated financial statements. Methods of financial reporting according to international standards of accounting and financial reporting

1. Бухгалтерський облік та фінансова звітність за міжнародними стандартами. 3-є видання / Голов С. Ф., Костюченко В. М. – К. : ФПБАУ, 2016. – 1059 с.
2. Conceptual Framework for Financial Reporting / http://www.iasplus.com/en/standards/other/framework
3 Financial Reporting Framework for Small- and Medium-Sized Entities /http://www.aicpa.org/InterestAreas/FRC/AccountingFinancialReporting/PCFR/DownloadableDocuments/FRF-SME/FRF-SMEs-Framework.PDF
4. International Financial Reporting Standards: framework-based understanding and teaching / http://www.ifrs.org/Documents/QassimHandout.pdf

- Current control (30%): oral answers during practical classes (16%), written verification work (14%);
- Final tests (70%) - Evaluative control (credits).