The core of ILPA are several case studies that shine light on different aspects of accounting and auditing:

 

CASE STUDY: Financial Statement Analysis (Due Diligence, Planning, Valuation)

Learning Objectives

  • Perform a comprehensive financial due diligence.
  • Set up a forecast of the financial situation for the next 2 years (expected profits; expected assets, debt and equity) as a part of the business plan.
  • Make reasonable and defensible assumptions about the long term prospects of a company as the basis for company valuation (on a stand-alone basis).
  • Identify differences between a stand-alone market value and the value for a specific investor.

 

CASE STUDY: International Financial Reporting Standards (IFRS)

Learning Objectives

  • Analyse and record nine different complex transactions in the accounts.
  • Prepare the statement of comprehensive income for the period.
  • Prepare the statement of financial position (balance sheet) for the year end.
  • Prepare the statement of changes in equity for the period.

 

CASE STUDY: Auditing – Client Acceptance Decision

Learning Objectives

  • Understand the types of information relevant for evaluating a new audit client.
  • List some of the steps an auditor should take in deciding whether to accept a prospective client.
  • Identify and evaluate factors important to the client acceptance decision.
  • Understand the process of making and justifying a recommendation regarding client acceptance.

 

CASE STUDY: Auditing – Materiality & Risk Assessment

Learning Objectives

  • Identify business risks for the air transport service sector.
  • Identify and evaluate the factors important in assessing an audit client’s business risk and the risk of material misstatement.
  • Identify and understand the implications of key inherent and business risks associated with a new client.
  • Determine planning materiality for an audit client.
  • Provide support for your materiality decisions.

 

CASE STUDY: Corporate Social Responsibility (CSR)

Learning Objectives

  • To become familiar with the internet sources from which CSR information from the companies can be collected.
  • To identify relevant information within the CSR disclosures published by the companies. The decision making group in BA will use this information to choose the partner for the M&A that has a similar strategy in CSR.
  • To improve the knowledge about CSR reporting, by completing a comparative table about the information made available by the airlines and duly fit in the G4 (the latest Global Reporting Initiative guideline).
  • To practice how to analyse and assess CSR information.