AFF3791 - Comparative international accounting

Leader: Dr Wei Lu

Offered

Not offered in 2007

Synopsis

Causes and effects of international differences in accounting, auditing and taxation rules and practices. The accounting and reporting needs and dilemmas of Australian companies operating overseas as well as of foreign multinationals operating in Australia. Accounting practices of the UK, USA, Europe, Japan and the so called Asian 'tiger' nations. Role of the IASB, the UN and the IOSCO.

Objectives

The learning objectives of this unit are to:

• critically evaluate theories and relating to the comparative study of financial reporting practices in diverse countries;
• compare and contrast the main international financial reporting systems and practices, and critically evaluate the need for harmonisation;
• identify and explain the major contemporary international financial reporting issues and analyse their implications for comparative national reporting practices, harmonisation initiatives, and the activities of the International Accounting Standards Board;
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with comparative international financial reporting.

Assessment

Tutorials and class tests: 20%
Assignment (2000-3000 words): 20%
Examination (3 hours): 60%

Contact hours

3 hours per week

Prerequisites

AFF2491