307976 (v.1) Accounting (International) 575

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Area:	School of Accounting
Credits:	25.0
Contact Hours:	3.0
Seminar:	1 x 3 Hours Weekly
Prerequisite(s):	5698 (v.5) Organisational Behaviour 550 or any previous version AND 5755 (v.6) Managerial Effectiveness 571 or any previous version
Syllabus:	Provides an understanding of the differences in accounting between countries in financial reporting. The unit introduces financial statement analysis at an early stage to highlight problems associated with analysing and comparing financial results from corporations operating in a global economy. This is a continuing underlying theme in the unit. A comparative study of transparency and disclosure highlighting major differences in international reporting is followed by a study of the thrust towards global harmonisation of accounting and reporting. Financial reporting in the Asia-Pacific region, the United States and the European Union will be studied. Issues in international accounting including international business combinations, reporting liabilities, foreign currency translation, segment reporting, transfer pricing and accounting for price level changes will be studied function.
Unit Outcomes:	On successful completion of this unit students will have - Developed an analysis of the financial statements of an international company from one of the regions studied giving an interpretation that recognises the differences in accounting standards. Demonstrated an understanding of the reporting differences in accounting standards. Demonstrated an understanding of the reporting differences between the countries studied. Demonstrated an understanding of the problems involved in consolidating financial statements of multinational companies. Explained in terms that can be understood by non- accounting clients the differences in recognition and reporting of liabilities. Shown an understanding of the issues involved in accounting for price level changes, foreign currency translation, transfer pricing and segment reporting. Shown an understanding of the current level of harmonisation of accounting standards. The ability to advise clients on the advisability of adopting accounting standards from other jurisdictions. Presented a report both in written and oral form at a advanced professional level.
Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.
Unit References:	Radebaugh, L.H. and Gray, S.J. (2002) International Accounting and Multinational Enterprise, (5th ed), United States of America, John Wiley. Roberts, C., Weetman, P., and Gordon, P. (2002) International Financial Accounting: A comparative approach, (2nded), London, Prentice Hall.
Unit Texts:	Nobes, C. and Parker, R (2002) Comparative International Accounting, (7th ed), New Jersey, Prentice Hall.
Unit Assessment Breakdown:	Case Study 40%, Exam 40%, Presentation 20%. This is by Grade/Mark assessment.