GRD 6342T - International Accounting

(3 units)

Because accounting principles and reporting practices vary significantly throughout the world, it can be very difficult to assess the relative strength of companies that operate in different countries, or to determine which merger, acquisition or investment opportunity is most attractive. This course provides an in-depth discussion and comparative coverage of international financial accounting and reporting. International Financial Reporting Standards (IFRS) are compared and contrasted with the US Generally Accepted Accounting Principles (GAAP). The course provides examples and examines the causes of these international differences, explains how they impact financial reporting and business decisions, and describes the movement toward harmonization of international accounting standards.