International Accounting and Financial Statement Analysis

Course ID
MAC 510
Level
Graduate
Semester
Term 1
ECTS Credits
5
Method

International Accounting is the study of an entity reported as either a multinational company or an entity whose reporting obligations to stakeholders are located in a country other than that of the reporting entity. A detailed investigation on the convergence of US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) serves as a foundation for this course.

Also discussed are the effects of financial reporting, international taxation, and international financial statement analysis on a multinational reporting entity. Employing and critiquing the use of global accounting and auditing standards will integrate the student’s existing skills with domestic accounting standards.

Learning Outcomes:

  • Explain how international accounting differs from US accounting
  • Appreciate the historical development of international accounting
  • Identify several internal and external reporting issues that arise when business operations navigate national borders
  • Explain the difference between “fair presentation” and “legal compliance” under the discipline of accounting and relate said concepts to corresponding countries
  • Compare and contrast financial accounting systems for five of the highly developed economies of the European Union
  • Relate International Reporting Standards (IFRS) to US Generally Accepted Accounting Principles (GAAP)
  • Calculate international financial statement analysis for a multinational reporting entity
  • Discriminate global accounting and auditing standards with that of domestic standards
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