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Bank Accounting and Reporting

  • Teacher(s):   M.Dong  
  • Course given in: English
  • ECTS Credits: 3 credits
  • Schedule: Autumn Semester 2019-2020, 2.0h. course (weekly average)
  •  sessions
  • site web du cours course website
  • Related programme: Master of Science (MSc) in Accounting, Control and Finance

 

Objectives

Accounting and financial reporting for bank and financial institutions are rather challenging than those for nonfinancial firms since banks create complex financial products and transactions that often stress existing financial reporting rules. Subsequent the financial crisis of 2007-2009, new challenges rose by the flow of changes in accounting standards under both IFRS and US GAAP, and regulatory rules set by Basel Committee. Reflecting these facts, a primary goal of this course is to provide students with the intellectual tools to understand the key issues when dealing with bank accounting and financial reporting. Such understanding requires an awareness of the economically important features of banks activities and business models and how these features are captured by reporting rules and regulations. This understanding is particularly important for auditors and accountants, who are increasingly expected to be able to understand complex finance and regulatory issues rather than only capable to complying with accounting standards.

Relevantly, the second main content of the course is to learn how to read and interpret bank’s annual reports. Using cases and actual bank’s annual reports, we will discuss how to apply different measurement bases for specific financial instruments, what are the problems caused by mixed-attribute accounting for portfolios of financial instruments, and how these problems are mitigated in part through disclosure in financial reporting.

Thus, the course will help master students to gain an in-depth understanding and practical knowledge on bank accounting from the perspectives of both accounting rules and banking regulations.

Contents

The course is structured in two main parts:

Part 1: Why bank is different from other nonfinancial firms in accounting and financial reporting?

- Overview of banking industry

- General analysis of bank financial statements

- Introduction of main standards and regulations

- Risk management and reporting

Part 2: Special accounting issues related to bank activities

- Accounting for financial instruments

- Derivatives and hedge accounting

- Securitization and consolidation of SPE

References

  • RS: Ryan, S. 2007. Financial Instruments and Institutions, Accounting and Disclosure Rules. 2nd Edition. Hoboken, New Jersey: John Wiley and Sons, Inc.
  • CM: Choudhry, M. 2012. The principles of Banking. Singapore: John Wiley and Sons, Inc.

Pre-requisites

  • Accounting treatment for financial instruments under IFRS 9;
  • A general knowledge on banking industry and capital market;
  • Banks' annual reporting.

Evaluation

First attempt

Exam:
Written 2h00 hours
Documentation:
Not allowed
Calculator:
Allowed with restrictions
Evaluation:

Final written exam (100%).

Retake

Exam:
Written 2h00 hours
Documentation:
Not allowed
Calculator:
Allowed with restrictions
Evaluation:

Final written exam (100%).



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