INTERNATIONAL ACCOUNTING AND IFRS

This course is designed to build advanced knowledge of financial accounting on international issues and use of common global accounting standards set IFRS. To discuss elaborately on nine selected IFRSs and conceptual framework. This course gains to students understanding of international perspectives on financial accounting in a globalized world. Within the course the demand for harmonization of global financial reporting standards is explained. The details of some IFRSs and main differences between US-GAAP are discussed. The standards are discussed in details are; IFRS 15 Revenue, IAS 2 Inventories, IAS 16 Property, Plant and Equipment, IAS 38 Intangibles and IFRS 3 Business Combinations, IAS 8 Accounting Policies, IAS 12 Income Taxes, and IFRS 10 Consolidated Financial Statements.

This course gains to students understanding of international perspectives on financial accounting in a globalized world. To explain the demand of harmonization of global financial reporting standards. To discuss with details of some significant IFRSs and compare them between US-GAAP.

1. Financial reporting standards
2. Fair value
3. Substance over form
4. matching concept
5. IASB

1. To provide theoretical and institutional aspects of international accounting.
2. To identify main elements of IFRS standards and present elaborate knowledge on some selected standards
3. To provide the students a sound theoretical background for comprehension of standard setting issue of accounting, and global accounting issues.
4. To present research perspectives in international accounting

Wiley. (2018). Wiley Interpretation and Application of International Financial Reporting Standards. New Jersey: John & Sons Inc. Evans, T. Accounting Theory : Contemporary Accounting Issues, 2003, Thomson South-Western, USA. Walton, P., A. Haller, and B. Raffournier, 2003, International Accounting, Thomson Scientific, Second Edition, UK.