Handbook

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.