May 29, 2023
ACCT 475 - International Accounting
Explores the formulation and application of accounting principles in other industrialized countries. Particular emphasis directed toward the harmonization of accounting principles between the U.S. and other countries. ACCT 475 and ACCT 575 are layered courses; students may not receive credit for both.
Prerequisites: a grade of C or higher in ACCT 351 and admission to the accounting major AND completion of the College of Business Foundation courses (ACCT 251 and ACCT 252 and BUS 221 and BUS 241 and MATH 153 or MATH 154 or MATH 170 or MATH 172 or MATH 173 and ECON 201) with a minimum C- grade in each course and a minimum collegiate GPA of 2.25.
Upon successful completion of this course, the student will be able to:
- Explain the nature and scope of international accounting
- Identify the role that political, cultural, social, legal, and economic variables play in the development and practice of accounting in an international environment
- Analyze the financial impact of foreign currency exposure, taxation, and transfer pricing issues.
- Explain the financial impact of significant differences between GAAP and IFRS
- Reformat and restate financial statements from US GAAP to IFRS and vice versa
Learner Outcomes Approval Date:
Anticipated Course Offering Terms and Locations:
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