The implications of differences in international financial reporting practices for financial analysis and decision-making. Foreign currency translation, mergers and acquisitions, transfer pricing, taxation, derivatives, and risk management.
Welcome to the course on International Accounting. My name is Christie Novak, and I’ll be your professor throughout this asynchronous session. I’m a CPA living in Syracuse, New York. I received my undergrad and my master’s degree from Syracuse University. My husband and I are both proud alumni, so welcome to the club. I’m glad you’re here with me to learn more about international accounting and international business. I hope to give you a broad perspective of both of those. We’ll start out the course by looking at some of the cultures of the world, and look at those similarities and differences with other cultures, and look at how that affects their international accounting rules and regulations. We’ll also look at the differences between their rules and our U.S. rules. There may be some challenges in going through those international accounting standards, we’ll look at very detailed information, but it should help to give you a broader perspective of what we can expect both in the United States and from other countries that may transition over to those international accounting standards. I’m excited to share with you a conversation we’ll have with my friend and colleague. He’ll share his experiences in the international business world. He’ll share some of his struggles and some funny stories along the way. I’m looking forward to giving you that broad perspective to help you become a stronger international business manager. If you follow along with the lectures and go through the practice problems that we do together, you’ll be just fine. I’m looking forward to going through this journey with you.