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BACC 2253 - INTERNATIONAL ACCOUNTINGMinimum Credits: 2 Maximum Credits: 2 This course will explore the rapid movement toward a set of internationally consistent financial reporting methods in the global marketplace. The financial accounting standards board (FSAB) and the international accounting standards board (IASB) have formally agreed to harmonize reporting standards over time. In addition, the securities and exchange commission (sec) is currently considering a proposed time-line for the adoption of international financial reporting standards (IFRS) in the US. The course will examine the substantive differences between us generally accepted accounting principles (us GAAP) and IFRS, which have already been adopted by many other countries. The course will also provide a framework for understanding the theory and application of IFRS versus us GAAP and explore some of the ethical issues inherent in international business reporting. Academic Career: Graduate Course Component: Lecture Grade Component: Grad LG/SNC Basis Course Requirements: Katz Grad School of Business students only.
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