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International accounting

Course Description: This course aims to discuss the accounting issues faced by companies engaged in international business and describe how accounting is practiced in every country around the world. It will cover the efforts of international professional organizations in harmonizing the views between countries and issuing international standards for financial accounting and financial reporting. It will also discuss the differences between local standards in each country and international standards. The course will address key relevant topics such as dealing with foreign exchange rate changes in foreign transactions, recording hedging transactions in accounting books, accounting during periods of inflation, financial analysis in light of standards, international taxation, and auditing. It also aims to promote values of social responsibility, cultural diversity, and teamwork. Additionally, it will develop the student's written communication skills through writing a report on an international accounting topic.

Credit hours: 3

Objectives of the course :

Upon completion of this course, the student will be able to:
– Identifies accounting issues facing companies involved in international business.
– Discusses the differences between local and international accounting standards in several countries around the world
Summarizes the efforts of international professional organizations in creating convergence and agreement among countries in accounting practices.
– It shows the repercussions of the emergence of International Accounting Standards on the performance of audit work
- Explains how to deal with exchange rate fluctuation problems in foreign currency transactions
Explains how to account for hedging transactions against foreign exchange rate risks
– Addresses accounting issues in periods of inflation
– Discusses issues of financial analysis under international accounting
Developing effective written communication skills through writing a report on a specific issue related to international accounting.
– Promote the values of social responsibility, cultural diversity, and teamwork in fields related to international accounting

Course outputs :

1 Knowledge and Understanding
1-1 Identifies accounting issues facing companies involved in international business
1-2 Discuss the differences between local and international accounting standards in several countries around the world.
1-3 summarizes the efforts of international professional organizations in creating convergence and consensus among countries in accounting practices.
1-4 shows the implications of the emergence of International Accounting Standards on the performance of audit work
1-5 explains how to deal with exchange rate fluctuation problems in foreign currency transactions.
1.6 Explains the accounting treatment of exchange rate hedges
1-7 Addresses accounting issues in inflationary periods
1-8 Discusses financial analysis issues under international accounting.
2 Skills
2-1 Developing Effective Written Communication Skills Through Writing a Report on a Specific Issue Related to International Accounting
3 values
3-1 Promoting the values of teamwork within an international accounting team
3-2 Promoting Social Responsibility Values in International Accounting
3-3 Managing Cultural Diversity Relevant to International Accounting Issues

Additional information:

Last updated: 2026-04-22