International Accounting

Catalog description

This course begins by tackling the distinctive challenges that companies face in international business, including foreign currency transactions, foreign exchange risk exposures, inflation, and the consolidation and translation of foreign currency financial statements within a multinational framework. It then delves into the accounting and financial reporting issues that are critical in today's global financial market. The course also discusses the convergence or harmonization of accounting standards, along with the core concepts of International Financial Reporting Standards (IFRS). Students will gain insights into the various environmental factors, such as cultural, political, legal, and business influences, that influence a country's accounting system.