Oct 07, 2022  
2019-2020 Van Loan Catalog 
2019-2020 Van Loan Catalog [ARCHIVED CATALOG]

BUA 526 - International Accounting

As more and more businesses participate in the global marketplace, the ability to read and understand financial statements of non-U.S. based companies will become even more important. Financial statements of U.S. companies are prepared using Generally Accepted Accounting Principles or GAAP as promulgated by the AICPA. However, the preparation of financial statements of foreign companies is governed by the International Accounting Standard Board, as influenced by political and cultural institutions of each nation. This course will examine the historical development of these accounting practices. Topics will include international accounting and reporting standards, issues associated foreign currency transactions, foreign taxation, emerging issues in international accounting and efforts to standardize accounting practices among varying geographical regions.

Credits: 3