ACCOUNTING 404 INTERNATIONAL ACCOUNTING FALL 2012 Instructor: Dr. Meihua Koo Office: Building 164, Room 2086 Email: mkoo@csupomona.edu Vmail: (909) 869-4531 Office Hours: Tuesday & Thursday: 5:00 – 5:45 p.m. Wednesday: 9:30 a.m. – 1:00 p.m. COURSE DESCRIPTION: Examination and discussion of accounting theories, techniques, procedures, accounting standards and regulations used in other nations. Examination of contemporary practices prevailing in different parts of the world. Emphasis on multi-national corporations, and their needs and practices. For lectures/problem-solving. Prerequisite: ACC 312 Expanded course description While national borders might be in place based on things like geography and culture, business practice knows no such bounds. Technology is breaking down barriers of time and space, enabling companies of diverse sizes to operate multi-nationally. Therefore, as future accounting professionals and managers, students must learn to deal with differences in culture, customs, language and accounting practice to be effective advisors on organizational operations and strategy. The purpose of this course is to prepare students to do just that. But, rather than taking a simple descriptive focus (e.g., “here’s how accounting works in France”), the course examines accounting rules and procedures in light of national culture and history and also look at efforts to harmonize international accounting standards, international issues in financial statement analysis, and accounting for foreign currency transactions. COURSE OBJECTIVES: Upon completion of this course, students should be able to: 1. Explain and illustrate the principles and processes of foreign currency translation. 2. Analyze financial statements of multi-national corporations. 3. Discuss the economic, political, social and cultural forces that have converged to create a need for international