INTERNATIONAL ACCOUNTING COURSE SYLLABUS

Course Title: International Accounting

Instructor: Nicholas H. Nucho, MBA e-mail: nnucho@aol.com

Meeting Schedule: Fall Quarter, 2010 - 10 Online Sessions, September 29, 2010 to December 8, 2010

Course Goals and Objectives:

In today's global economy with international commerce, global integration of capital markets, trading blocks in Europe and North America, the emergence of Pacific Rim nations, and the possible consequences of the U.S. Trade deficit - corporations must now adopt business strategies from an international perspective. This is because all corporations, to one degree or another, have become Multinational Corporation (MNC’s), even if a corporation conducts zero international business. This course will provide students with a guided tour of the most important topics of international accounting. It provides students of how we think about the subject of international accounting in general and address the three broad areas of accounting: measurement, disclosure and auditing that multinational corporation faces.

Upon successful completion of this course, one will have gained the tools necessary to make informed decisions on a broad range of accounting challenges faced by multinational enterprises. Also, student will learn the ways different countries perceive and interpret certain accounting topics and the rationale for how to deal with them. Case studies will be used to illustrate the specific day-to-day complexities of accounting issues that are encountered in international business operations.

Texts:

International Accounting, 7th Edition, by Frederick D. S. Choi, Carol Ann Frost, and Gary K. Meek, published by Prentice Hall ISBN-10: 0-13-611147-5

Recommended Reading: Accounting Journals referenced at the end of each chapter, and international accounting articles found on the Internet.

Grading System: Mid-term examination 25% Class Participation/Board posting 25% Class projects/Homework 25% Final examination 25%

International Accounting Course Outline

WEEK - Subject

1- Introduction Pages 1-29Assignment Case 1-1 e-centives, Inc- Raising Capital in Switzerland Page 28

2- Development and Classification Pages 30 - 48 Comparative Accounting: Europe Pages 49 - 83 Assignment Case 2-1 Are Classification of Accounting Outmoded Pg. 44 Assignment Case 3-1 Old Habit Die Hard. Pg. 81

3- Comparative Accounting: The Americas and Asia Pg 84 - 118 Reporting and Disclosure Pg. 119 - 163Assignment Case 4-2 Casino Capital Pg. 116Assignment Case 5-2 Seeing is believing Pg. 162

4- Foreign Currency Translation Pg. 164 - 209 Assignment Case 6-2 Managing Offshore Investments Pg. 206

5- Mid-Term + Financial Reporting and Changing Prices, Pg. 210 -248 Assignment Case 7-2 Icelandic Enterprise, Inc. Pg. 246

6- Global Accounting and Auditing Standards Pg. 249 - 280International Financial Statement Analysis Pg. 281 - 339Assignment Case 8-1 PetroChina Company Limited Pg. 279 Assignment Case 9-1 Sanvik Pg. 325

7- Managerial Planning & Control Pg. 340 – 387Assignment Case 10-1 Foreign Investment Analysis: Pg. 384

8- Financial Risk Management Pg. 388 - 430Assignment Case 11-2 Value at Risk Pg. 426

9- International Taxation and Transfer Pricing Pg. 431 - 467 Assignment Case 12-1 The Shirts Off Their Backs Pg. 465

10- Final Exam + Research Presentation from own experience