This course is designed for both accounting and non-accounting majors with and interest in global accounting issues. The environmental influences on accounting development, reporting standards for selected countries, and the harmonization of accounting standards are explored. Additional topics covered include financial reporting and statement analysis, accounting for foreign currency translation and transactions, and managerial accounting issues for multinational business entities.
Coverage includes foreign currency translation, inflation accounting and transfer pricing.
This course is a survey of materials, designed to suit the needs of both accounting and non-accounting business majors seeking to expand their knowledge of international business problems. Given the nature of the material and the advanced status of this course, students will be expected to play a major role in their education process. Discuss recent articles in the Financial Times. Discuss assigned readings from the textbook and elsewhere. Go over homework assignments, including problems and cases from the textbook.