IFRS in controlling

Realignment of controlling and harmonization of accounting under IFRS

Basic IFRS knowledge in controlling

• Fundamental differences between IFRS accounting and HGB.
• Principles and basic concepts of IFRS accounting and reporting.
• Management approach, asset/liability approach and fair value accounting.

Influence of IFRS on functions, areas and processes in controlling

• Planning, reporting and business analyses.
• Analysis and interpretation of IFRS balance sheets, statements of comprehensive income and cash flow statements.
• Control and analysis of value flows and key figures/KPIs under IFRS.

Individual IFRS topics and differences from the German Commercial Code (HGB) from a controller's perspective, including

• The new income statement and management-defined performance measures (MPMs) in accordance with IFRS 18
• Revenue recognition in the standard product, service and project business (PoC method) in accordance with IFRS 15.
• Inventories and inventory valuation (IAS 2).
• Provisions and balance sheet risk provisions (IAS 37).
• Leasing in accordance with IFRS 16.
• Research and development costs (IAS 38).
• Impairment test (IAS 36).
• Basic concept of deferred taxes (IAS 12).
• Principles of the IFRS consolidated financial statements.
• Other significant differences to HGB accounting.
• IFRS Update: Overview of important planned IFRS amendments.