This course covers International Financial Reporting Standards (IFRS) and other related international accounting issues. This course is designed to familiarize students with the infrastructure and institutional elements of IFRS, provide an overview of the IASB due process, conceptual framework underlying IFRS, and the core accounting topics on financial statement elements and presentation. Through readings, research, problem solving, case analysis, and class discussions students should be able to develop analytical and practical skills to effectively deal with international financial reporting issues and problems.

After completing this course, the student will be able to:

1. Have a general overview about IFRS dealing with Presentation, disclosure, recognition, and measurement.
2. Have an understanding in applying and interpreting existing IFRS to real world accounting problems.
3. Discuss IFRS as they apply to accounting for assets, liabilities and equity;
4. Assess the problems created by the diversity in accounting standards and practices for multinational worldwide organizations.
5. Utilize oral communication skills to communicate to peers.
6. Demonstrate knowledge of approaches to do research proposal in accounting.

1. Introduction to International Accounting.
2. Worldwide Accounting Diversity.
3. International Convergence of Financial Reporting.
4. International Financial Reporting Standards.

IFRS
Doupnik, T. S. &Perera, H. (2012). International accounting. 3^rd ed. New York, NY: McGraw-Hill

Abbas, Mirza. (2011). The Guide Book The Practical Implementation of the International Standards for the Preparation of Financial Reports. 3^rd Edition.
IFRS and US GAAP: similarities and differences
US GAAP versus IFRS: The basics
GTUS Comparison Document-May 2013