Teaching IFRS and Activity-Based Learning – Experiences?

Christoph J. Sextroh
May 08, 2017

Dear all,

I have been wondering how to best design a class on corporate financial reporting, specifically IFRS. One of the key challenges with most financial reporting courses (well, at least in my case) seems to be that the group of students can be quite heterogeneous. Some students clearly aim at a career as an auditor or accountant and, hence, would like to learn as much about specific regulations as possible. Others aim at a career in finance (M&A, research, etc.) and, hence, are naturally more interested in the big picture of how economic transactions are communicated in financial statements and not necessarily in very detailed regulations.

The classic approach seems to be based on lectures combined with tutorials and/or case studies (sometimes including assignments). From my experience, case studies work really great, but using case studies to illustrate and discuss the details of every IFRS regulation can be quite complex and even confusing if students have not yet internalized the "big picture". 

What are your experiences with teaching corporate financial reporting? Do you still rely on lectures or do you define the general framework as self-study and use the facetime in the classroom solely to discuss cases and get students involved with the material? What kind of material and structure do you use to activate students?

I'd love to hear your experiences.