Course title

International Accounting

Code

 ACC 410

Professor

Prof. Zoran Minovski, PhD

Course objectives (competences):

After completing the course and passing this course, students should acquire:

• Knowledge related to the development trends of accounting internationally;
• Knowledge of the processes of reconciliation of accounting practice and the factors that affect the reconciliation of financial reporting;
• Knowledge of the accounting practices of the US, UK, France, Germany, Japan, China and others;
• Knowledge of the regulatory framework for financial reporting in the European Union;
• Knowledge of the conceptual framework of International Financial Reporting Standards;
• Knowledge of significant areas of application of International Financial Reporting Standards related to foreign currency translation, business mergers and consolidated financial statements, segment reporting, joint ventures etc.

Course content: 

1. Developing trends in accounting internationally;
2. Significant features of the accounting systems of some countries (USA, UK, Australia, France, Germany, Japan, China);
3. Forms of international financial reporting;
4. Significant areas of application of International Financial Reporting Standards (foreign currency translation, business mergers and consolidated financial statements, segment reporting, joint ventures, etc.).