• Semester 2 (External)

Synopsis

The  purpose of this unit is to introduce students to the complexities
of   conducting  business  on  the  international  arena.  Whilst  the
discussion  is  limited  to  accounting issues,  rather  than  general
business  operation, 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 an intentionally 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  cross-country  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 form, economic and social force. Further, international
harmonisation  of accounting practices is described  and  the  factors
which drive harmonisation are identified