ACCT625

The objective of the International Accounting course is to examine and analyze accounting practices and norms in different countries, and to analyze differences between the countries. The objective is also to analyze and compare the work of leading accounting standard-setting bodies with an international influence such as the EC, the IASB (The Interactional Accounting Standards Board) and the F ASB (The Financial Accounting Standards Board).
The similarities and differences in views on accounting purposes and in accounting solutions between different countries are examined. Special attention is given to different institutional structures and historical traditions between countries, and its effect on accounting development and the implementation of international standards. The harmonization difficulties are in focus. The work of the IASB to integrate accounting internationally, and the implementation of international standards in a national context, is examined. Special attention is paid to the role of the international regulatory bodies attempting to equalize accounting guidelines in the international business arena, as well as the influence of US accounting on the rest of the world.