Term Paper
ILLINOIS STATE UNIVERSITY
DEPARTMENT OF ACCOUNTING
Fall 2012 COURSE: Accounting 340 – International Accounting INSTRUCTOR: Gerald Olson, CPA OFFICE: COB 101 OFFICE PHONE: 309-556-3170 EMAIL: golson@.iwu.edu WEBPAGE: http://www..iwu.edu/~golson/340.htm OFFICE HOURS: (IWU) M10:00-11:00 AM, TH 5:00- 6:00 PM and by appointment
Required Textbook: Doupnik and Perera: International Accounting. McGraw Hill Irwin 2012, 3rd edition.
HANDOUTS Numerous handouts from various sources.
RECOMMENDED: Wall Street Journal, the Economist, Business Week, Financial Times
Mission STATEMENT: The mission of the Department of Accounting is to provide high quality educational programs to students preparing for professional careers in accounting and business information systems, to support research and other scholarly activities consistent with these programs, and to establish mutually productive relationships with outside organizations through service activities. This mission includes providing service courses in the accounting and business information systems areas to students within the College, the University, and the Community. COURSE DESCRIPTION: This course will examine the following major areas of international accounting 1. Problems of multinational business in the areas of managerial planning and control, foreign currency transactions, translation of financial statements, consolidation of financial statements, tax planning, and transfer pricing. 2. Problems of adopting and implementing IFRS and differences of auditing standards and the efforts that are being made to overcome these problems. 3. Comparison of different business cultures and the impact they have on accounting. 4. Current issues in international accounting and business. 5. The importance of business ethics in international operations.
COURSE OBJECTIVES: Business firms in the 21st Century compete in a global marketplace.
DEPARTMENT OF ACCOUNTING
Fall 2012 COURSE: Accounting 340 – International Accounting INSTRUCTOR: Gerald Olson, CPA OFFICE: COB 101 OFFICE PHONE: 309-556-3170 EMAIL: golson@.iwu.edu WEBPAGE: http://www..iwu.edu/~golson/340.htm OFFICE HOURS: (IWU) M10:00-11:00 AM, TH 5:00- 6:00 PM and by appointment
Required Textbook: Doupnik and Perera: International Accounting. McGraw Hill Irwin 2012, 3rd edition.
HANDOUTS Numerous handouts from various sources.
RECOMMENDED: Wall Street Journal, the Economist, Business Week, Financial Times
Mission STATEMENT: The mission of the Department of Accounting is to provide high quality educational programs to students preparing for professional careers in accounting and business information systems, to support research and other scholarly activities consistent with these programs, and to establish mutually productive relationships with outside organizations through service activities. This mission includes providing service courses in the accounting and business information systems areas to students within the College, the University, and the Community. COURSE DESCRIPTION: This course will examine the following major areas of international accounting 1. Problems of multinational business in the areas of managerial planning and control, foreign currency transactions, translation of financial statements, consolidation of financial statements, tax planning, and transfer pricing. 2. Problems of adopting and implementing IFRS and differences of auditing standards and the efforts that are being made to overcome these problems. 3. Comparison of different business cultures and the impact they have on accounting. 4. Current issues in international accounting and business. 5. The importance of business ethics in international operations.
COURSE OBJECTIVES: Business firms in the 21st Century compete in a global marketplace.