Many of the topics in an international accounting unit have a domestic counterpart. However, new factors and complications arise in the international arena. Some of these are (1) diversity of laws, practices, customs, cultures, and competitive circumstances; and (2) risks associated with fluctuating exchange rates, differential rates of inflation, and unstable property rights. International accounting discusses issues from the perspective of companies that have internationalised their finance and/or their operations. It has a comparative aspect, comparing accounting across countries. It deals with corporate reporting and disclosure across national boundaries. It also deals with the harmonisation of the worldwide diversity in financial reporting, in particular, convergence around International Financial Reporting Standards. It discusses consolidation issues that arise from multinational operations.
Unit details and rules
Academic unit | Accounting |
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Credit points | 6 |
Prerequisites
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ACCT6001 |
Corequisites
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None |
Prohibitions
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None |
Assumed knowledge
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Accounting standards and their application |
Available to study abroad and exchange students | Yes |
Teaching staff
Coordinator | Jane Andrew, jane.andrew@sydney.edu.au |
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