Accounting 401

ACTG 401: International Accounting

Prerequisites: ACTG 212, FINC 331

Credit Hours: (3)

This course is an introduction to the international dimensions of accounting, including the environment of international financial reporting, comparative accounting, international accounting standards, and accounting for multinational operations.

Detailed Description of Content of Course
The international aspects of accounting are broadly examined. The course will focus on the basic issues involved in transnational accounting and reporting, comparative practices, accounting for multinational operations, transfer pricing, foreign currency transactions, and international accounting standards.
Detailed description of Conduct of Course

The course will be conducted using a combination of lecture, discussion, and collaborative case analysis and presentation. Elements of oral and written communication will be incorporated in all aspects of the course.

Goals and Objectives of the Course

Upon successful completion of this course the student will be able to:

1. To recognize the implications of the international dimensions of accounting in managerial actions.
2. Demonstrate an awareness of the international environment of accounting.
3. Understand the implications of differing accounting practices among nations for international financial reporting.
4. Develop some insight into the advisability or otherwise of global harmonization of accounting principles and practices.
5. Understand the financial and managerial implications of fluctuations in foreign exchange rates.
6. Understand and apply the basics of the accounting dimensions of international business.

Assessment Measure
Multiple criteria based on performance in three in-class examinations, case analyses and presentations, participation in classroom discussions, and project reports will be used for evaluation.

Other Course Information

Emphasis in the course will be on general understanding of accounting and financial reporting considerations in international business but not necessarily on technical proficiency in specific accounting rule applications.

Review and Approval

Date Action Reviewed by
February 2011
March 27, 2012 Revised