Advanced International Accounting (P02878)

? Credit Points : 10 ? SCQF Level : 11 ? Acronym : SBE-P-IA

Generally accepted accounting principles and reporting practices vary significantly throughout the world, even though much attention is being paid to reducing the differences. The objectives of this course include:

• Broadening students’ knowledge of how these accounting principles vary; how they impact financial reporting and business decisions and how movement toward harmonization is occurring.
• Enhancing their understanding of other more technical matters such as foreign currency translation and transactions, how managements of related entities (like parent and subsidiary) deal with issues arising from the use of differing currencies in local reporting and in consolidation, and the ways in which confidence and assurance are established under national jurisdiction
• Reviewing selected important technical areas of differences among accounting systems

Syllabus

Global accounting –convergence and diversity
• Investors and markets
• Confidence and assurance
• Institutional and cultural influences

Significant influences on international accounting practices
• Developing the IASB’s accounting standards: due process and controversies
• Financial reporting in the USA
• Harmonisation across the EU

Technical challenges in international accounting
• Conceptual framework
• presentation
• fair value
• business combinations
• foreign currency translation

Entry Requirements

none

Subject Areas

Home subject area

Common Courses (School of Business and Economics), (School of Business and Economics, Schedule H)

Delivery Information

? Normal year taken : Postgraduate

? Delivery Period : Semester 2 (Blocks 3-4)

? Contact Teaching Time : 2 hour(s) per week for 10 weeks

All of the following classes

Type	Day	Start	End	Area
Lecture	Wednesday	09:00	10:50	Central

Summary of Intended Learning Outcomes

On completing the module, students should:
? Understand the international dimensions of accounting;
? Determine the impact of international accounting practices on the business decision making process;
? Compare and contrast the financial reporting and disclosure under International Financial Reporting Standards, U.S. generally accepted accounting practices, and accounting standards in several other countries.

This module will develop in students the ability to:

? Evaluate accounting information from various sources.
? Select appropriate accounting and finance techniques for problems.
? Appreciation of the impact of international context on accounting information and decisions.

This module will develop in students the ability to:

? Manage their own learning experience individually and within a group.
? Use appropriate learning resources.
? Present results effectively both verbally and in written form including business reports.