International Accounting

Hours

3.0 Credit, 3 Lecture, 0 Lab

Semester

Spring

Accounting from an international perspective: flow of information in multiple currencies, complying with reporting requirements, setting budgets and monitoring performance, and controlling corporate assets through reports and audits.

Accounting differences

Identify the major reasons accounting differs around the world.

Convergence forces

Describe the forces of convergence of accounting standards

IFRS pros and cons

Evaluate the pros and cons of adopting IFRS for financial reporting in capital markets worldwide.

Compare GAAP and IFRS

Compare U.S. GAAP and IFRS for the following accounting issues: intangibles, consolidation, segment reporting, and foreign currency transactions and translation.

MNEs

Explain how MNEs deal with the issue of foreign exchange risk management, corporate governance, performace evaluation and control, auditing, and taxation.