In June, students on the Bachelor’s program in Finance, Accounting & Taxation were given a special insight into the world of international accounting.
As part of a guest lecture by EY Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H., auditors Isabella Ambichl and Natalie Pfeifenberger presented the basics and challenges of international accounting.
Differences between national and international standards
One focus of the presentation was on the differences between national and international accounting standards. The experts vividly explained how the principles of international accounting – particularly in accordance with International Accounting Standard 38 (IAS 38) – differ from national regulations. IAS 38, for example, regulates the accounting of intangible assets such as patents, trademark rights or software and places special requirements on their recognition and measurement.
Case study on IAS 38: applying what has been learned
Following the lecture, the students applied their knowledge directly in a practical case study on IAS 38 and analyzed a real-life case from auditing practice. The task required analytical thinking and a sound understanding of the accounting principles learned during their studies.
The final part was a lively discussion on future trends in international accounting. The guest lecture by EY not only offered the students valuable insights into international accounting, but also the opportunity to directly apply what they had learned in practice. Such events strengthen the link between theory and practice and provide optimal preparation for the challenges of professional life.
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