ACC 6320 International Accounting

This course provides students with an understanding of accounting practices according to the International Financial Reporting Standards (IFRS). Students learn the fundamentals of international accounting standards, preparation of financial statements according to IFRS, differences between IFRS and U.S. GAAP, and the implications of reporting under IFRS versus U.S. GAAP.

Credits

3 sh

Offered

Fall, Winter, or Spring

Course Outcomes

1. Students will be able to develop their knowledge of the theoretical foundation underlying the International Financial Reporting Standards (IFRS).
2. Students will be able to understand the international standard setting process.
3. Students will be able to identify accounting issues facing cross-listed firms.
4. Students will be able to define the differences between IFRS and US-GAAP and the implications of reporting under each of these standards.
5. Students will be able to analyze and compare financial statements prepared according to IFRS and US-GAAP.