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International Accounting

507425 - International Accounting
Faculty

Faculty of Business

Department

International Accounting and Finance

Credit Hours

3

Pre-requisite

507112

Co-requisite

-

Distribution

3+0
This course discusses accounting issues in a globe age by illustrating accounting issues and treatments resulting from globalization and internationalizing economic activities. In particular; it discusses the factors contributing to the importance of international accounting and the differences in accounting systems and practice across countries and the environmental factors contributing to such differences, and appropriate classification to handle this issue. In addition, it illustrates accounting treatment to deal with such issues such as the translation of foreign financial statements and adjusting for the differences in accounting treatments across countries. In addition, it illustrates the accounting treatments for foreign currency transactions and FX accounting and FX risk-hedging instruments accounting. In addition, it provides comparison of disclosure practices among some major economies and harmonization and standardizations experiences and applying IFRSs.