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 1-29
Assignment 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
Reporting and Disclosure Pg. 119 - 163
Assignment Case 4-2 Casino Capital Pg. 116
Assignment Case 5-2 Seeing is believing Pg. 162
Pg 84 - 118
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 - 280
International Financial Statement Analysis Pg. 281 - 339
Assignment Case 8-1 PetroChina Company Limited Pg. 279
Assignment Case 9-1 Sanvik Pg. 325
7- Managerial Planning & Control Pg. 340 – 387
Assignment Case 10-1 Foreign Investment Analysis: Pg. 384
8- Financial Risk Management
Pg. 388 - 430
Assignment 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