ACCT 711-Seminar in International Accounting (3 Crs.)

ACCT 711-SEMINAR IN INTERNATIONAL ACCOUNTING (3Crs.):

An analysis of the issues involved in accounting for multinational corporations, including historical and cultural influences on accounting standards and practice in financial reporting, management accounting, and audit/assurance. The course includes an overview of International Financial Accounting Standards (IFRS) and a comparison of IFRS to U.S. GAAP.

Course Overview and objectives:
This course is designed to provide the student with an understanding of the significant issues that relate to accounting in today’s dynamic global business environments. In completing this course, the student will:
- Increase the student awareness of worldwide accounting diversity and efforts of harmonization, including historical and current joint efforts by the FASB and IASB.
- Understand key technical similarities and differences between International Financial Reporting Standards and US GAAP.
- Demonstrate the student ability to understand and analyze financial statements prepared under IFRS and US         GAAP. Develop an awareness of international taxation issues for US-based corporations.
-Develop an awareness of current issues in international auditing and corporate governance.