Course Title

International accounting

Course Number

10861322

Instructor Name

Aya Dahboor

Contact Information

[email protected]

Semester(s) and academic year(s)

Second Semester 2019
Summer Semester 2018
Second Semester 2018
First Semester 2018

Compulsory / Elective

Compulsory

This course covers the concepts of international accounting. Three main issues would be highlighted. First: It provides an understanding of the international accounting at supranational level, which denotes standards, guidelines, and rules of accounting issued by supranational organizations. Second: It discusses the accounting diversity phenomenon and how to achieve accounting convergence. Third: the course emphasizes on the accounting treatments according to the IFRSs compared with US GAAP.    

The objective of this course is to provide an understanding of international accounting.

Specific course objectives include:

Understand international accounting and its concepts.

Understand how the developments in the global economy related to international trade, foreign direct investment, multinational enterprises, and international capital markets affect accounting. 

Explain the notion of global accounting standards their relationship, and application to audit cycles.

Define the International Accounting Standards Board (IASB), and explain its objectives, activities, and structure.

Explain the accounting treatments of IFRSs, and compare them with US GAAP

This objective of this course is to improve the student’s knowledge and understanding regarding the accounting treatment of some items and gain intellectual and practical skills related.

Knowledge and Understanding, the students should be able to:

Describe international accounting, its concepts and nature.

Explain accounting diversity, its reasons, and initiatives to overcome it.

Knowledge of the requirements of the IFRSs.

Compare IFRSs with US GAAP

Intellectual skills, the students should be able to:

Analyze the evolution of international accounting standards, harmonization effort and analyze the reasons that stands behind wide world diversity 

Practical skills, with ability to: 

Teamwork skills, when conducting group classwork students’ teamwork skills would be improved, discussion skills, presentations skills also, the competition sense will be embraced through quizzes and socrative races between student in class  

Doupnik, T. and‎Perera, H. 4^th edition (2015). International Accounting 3rd Edition

References

Picker, R. et al. (2013). Applying International Financial Reporting Standards. 3^RDEdition. WILEY.

Chaudhry, A. et al. (2016). Interpretation and Application of International Financial Reporting Standards. WILEY.

All texts and materials are available at the students' Bookstores. The primary textbooks are also available at the university library.