• Semester 2 (Day)
• Semester 2 (External)

Synopsis

The  purpose of this unit is to introduce students to the complexities
of   conducting  business  on  the  international  arena.  While   the
discussion  is  limited  to  accounting issues,  rather  than  general
business  operations, the student should still acquire an appreciation
of  the latter. In the last decade economic policy in this country has
been  tied  to  Australia becoming a competitive trading  nation.  The
decision  to invest or trade overseas, or to utilise overseas  finance
is a complex one. This unit identifies many of the relevant accounting
issues which impact on such decisions. The unit provides a comparative
review   of  the  diversity  of  international  accounting  practices.
Contemporary issues in international accounting are identified and the
consequences for financial statement analysis and decision making  are
discussed.  The  unit  also describes and analyses  the  multinational
corporation as an organisational, economic and social force.  Further,
international  harmonisation of accounting practices is described  and
the factors which drive harmonisation are identified.