Global Financial Reporting and Analysis - ACCT3601

Faculty: Australian School of Business

School: School of Accounting

Course Outline: ACCT3601 Course Outline

Campus: Kensington Campus

Career: Undergraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 3

Enrolment Requirements:

Prerequisite: ACCT2542

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

Description

With the increasing globalisation of business and capital markets, there is a more extensive use of cross-border financial information. This course considers the key issues in international financial reporting and analysis. Topics include: the types of differences in national financial reporting practices; the reasons for the differences; the progress of the International Accounting Standards Board in reducing the diversity; foreign exchange risk and foreign currency accounting issues; reporting and disclosure in developed countries including the USA, Japan and the members of the European Union; the role of accounting in developing countries and Eastern Europe; financial reporting in emerging capital markets including those in the Asia-Pacific region; and analysis of country-specific financial statements in the cultural, business and legal context of each country. Numerical examples and cases are used to highlight important concepts and issues.