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International accounting

Course Description: This course covers the general framework of international accounting by introducing the efforts of professional accounting organizations in developing international accounting standards to achieve international accounting harmonization, as well as in applying international accounting standards. The course also addresses some accounting issues for multinational companies and some international accounting standards for specific sectors.

Credit hours: 3

Prerequisites: ACCT350

Objectives of the course :

Upon completion of this course, it is expected that the student will be able to do the following:
• Explains the general framework of international accounting, the origin and development of international accounting standards, and the reasons for accounting differences between countries.
• Distinguishes the differences between International, Saudi, and American accounting standards.
• Presents an analytical study of the application of International Accounting Standards to Saudi companies adopting International Accounting Standards for the first time.
• Applies accounting processes due to changes in exchange rates, transactions in foreign currencies, and the translation of their financial statements.
- Presents an analytical study of the impact of cultural diversity on the adoption and application of International Accounting Standards.
• Applies International Accounting Standards related to the measurement, disclosure, and presentation of financial instruments in financial institutions.
• Applies International Accounting Standards related to measurement, disclosure, and presentation of insurance contracts.

Course outputs :

1. Knowledge and Understanding, C1 Basic Knowledge:
Terms and Concepts Related to Foundational Knowledge in Various Accounting Fields
Explanation, interpretation, and summary of fundamental knowledge in various accounting fields
Applying basic knowledge in various accounting fields
2. Knowledge and Understanding, C2 Advanced Knowledge:
Advanced Accounting Terminology and Concepts
Explanation, interpretation, and summary of advanced accounting knowledge
Application of advanced knowledge in various accounting fields
3. Skills, Critical Thinking M3:
The student demonstrates the ability to employ critical thinking skills and develop creative solutions for complex and diverse issues and problems in various fields of international accounting.
4. Values, Independence, and Responsibility, Q3 Cultural Diversity:
The student demonstrates awareness and respect for the values of cultural diversity in various international accounting fields.

Additional information:

Last updated: 2026-04-22