Course Syllabus International Accounting (Online X 423.4) (12 weeks)

Transcription

1 Course Syllabus International Accounting (Online X 423.4) (12 weeks) Instructor: Lee Krueger LeeKrueger@aol.com phone: EST weekdays from 8 am to 6 p.m.: ; EST evenings and weekends: Technical Support Line: See Staff Information area. Course Description: Designed for students of accounting and international business professionals who are working for public accounting firms, corporations and other enterprises engaged in international business, as well as governmental institutions and international organizations, this course covers a broad range of accounting challenges faced by multinational enterprises as well as ways different countries perceive and interpret certain accounting topics and the rationale for how to deal with them. Instruction includes case studies which illustrate the specific day to day accounting issues that are encountered in international business operations. In this course, students will examine the accounting principles of several countries, international financial reporting standards (IFRS), foreign currency translation, global auditing standards, international financial statement analysis, managerial planning and control, financial risk management, international taxation and transfer pricing. Students will become knowledgeable about the most important international accounting issues. Course Information: Homework activities (questions, exercises, and problems) have been assigned for Weeks One through Four and Weeks Six through Eleven. The selected Assigned Activities draw from the current week's reading assignments so the material can be examined after it is presented. Students must demonstrate that they have made an effort to solve the assigned activities. The assigned activities will be graded for accuracy. As with any skill, repetition builds competence; the more activities students complete the easier the problems will become. Students are encouraged to complete additional activities independently on material covered in previous and current weeks. This will sharpen skills already acquired. Students should also keep track of thoughts and feelings they have during class and while completing homework assignments. No question is inappropriate in this course. A comprehensive, open-book Mid Term Examination (Week Five) and Final Examination (Week Twelve) will be administered in this course. The

2 examinations are individual efforts and should not be discussed with others. The Mid Term Examination and the Final Examination will be graded for accuracy. The purpose of the examinations is to demonstrate your understanding of both the written and discussion materials presented in this course. Text Book Requirements: Frederick D. S. Choi, Carol Ann Frost, and Gary K. Meek, International Accounting, 7th Edition, Upper Saddle River, New Jersey: Prentice Hall, ISBN - 10: CourseSmart hdv=6.8 We will cover chapters 1 through 12 in the text. Days of the week: The electronic weeks begin on Wednesday with weekly assignments due on Tuesday. An explanation of this is as follows: Day 1: Wednesday Day 2: Thursday Day 3: Friday Day 4: Saturday Day 5: Sunday Day 6: Monday Day 7: Tuesday Class procedures: Each week: Day One - I will upload all instructions, assignments, topics and questions for discussion, my comments, and a description of the week's activities in Canvas Modules. Please check here for current information on the week's activities and assignments. Days One through Seven You will participate at least two different days in class discussions, responding to weekly questions for participation, internet exercises and other activities. Each week the questions for participation, internet exercises and other activities are designed to explore the content of the class and develop your collaborative skills in the class meeting. I am not expecting black and white answers or solutions. I am more concerned with the logic and rational that you use to support your discussion points, drawing on personal experiences that either support or in some cases conflict with the assigned readings. Day Seven You will submit your assigned questions, exercises, problems, and complete your participation requirements. Participation requirements, submission deadlines: You are expected to participate and interact at least two different days a week in Canvas Modules. Most participation is not in real-time, so you may log in at any

3 time during a given week. If you need to contact me regarding any personal or private matters, use my personal address. I hope that you will all share ideas and thoughts with each other but please make sure that your submissions during this course are your own work. Take the time to assign credit as required if you incorporate content from other sources. Participation is a very important part of your learning experience. Generally, I look for two "quality" comments (i.e. thoughtful comments related to the subject material) during the course of the week for a high grade in participation. Comments such as "I agree" or "Right on" do not qualify as quality comments. You need to ADD to the class discussion. I will evaluate input based on the following: 1. The quality of your response. Example: Using logic, text, and experience from lessons learned to support your position or point. 2. Whether your response was timely and met the deadline. Example: Don't save all your discussion responses to the end of the week. 3. The ability of your comments to motivate others in a collaborative effort. Here I will be looking for positive tones in your responses. For example, it makes for a very healthy discussion if a person challenges a point using tact. Tact is defined as the ability to go on the offense without being offensive. The use of positive tone in an online learning environment is imperative. The objective here is to be collaborative, NOT combative. If you haven't experienced this already, you will soon discover that even an innocent remark in the on-line environment can be misconstrued. Therefore, proofread your responses carefully before you post them. Be positive in your approach to others and careful about your words. Grading Criteria: Participation (weeks 1-4 & 6-11) = 10 points Exercises and Case Studies (weeks 1-4 & 6-11) = 30 points Mid-term Exam = 20 points (To be held during week 5 covering Chapters 1-5) Comprehensive Final Examination = 40 points (To be held during of week 12 covering Chapters 1-12) Total points Grading Scale: 90% - 100% = A 80% - 89% = B 70% - 79% = C 60% - 69% = D Below 60% = F (Repeat the course)

4 Late assignments: The instructor reserves the right to reduce the student s grade for the course by one full letter grade if the student fails to complete the course by the originally scheduled end date. Academic Honesty Policy: "Academic dishonesty covers behavior in cheating, plagiarism, and fabrication of information. These behaviors are not tolerated. Students are encouraged to familiarize themselves with the UCLA Extension Student Conduct Code and the official statements regarding cheating and plagiarism at: Services for Students with Disabilities: "In accordance with Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, UCLA Extension provides appropriate accommodations and support services to qualified applicants and students with disabilities. These include, but are not limited to, auxiliary aids/services, such as note takers, audio recording of courses, sign language interpreters, and assistive-listening devices for hearing-impaired individuals, extended time for and proctoring of exams, and registration assistance. Accommodations and types of support services vary and are specifically designed to meet the disability-related needs of each student based on current, verifiable medical documentation. Arrangements for auxiliary aids/services are available only through UCLA Extension Disabled Student Services at (310) (voice/tty) or by at access@uclaextension.edu. Please request such arrangements with at least five working days advance notice. All assistance is handled in confidence. Accommodations must be pre-approved. Requests for retroactive accommodation will not be accepted." For further information:

5 Summary of Assignments Weekly assigned problems will be submitted in Canvas Modules. Week One: Read Chapters 1 and 2 Case 1-1 e-centives, Inc- Raising Capital in Switzerland, Pages Case 2-1 Are Classification of Accounting Outmoded, Pages Week Two: Read Chapter 3 Case 3-1 Old Habit Die Hard, Pages Week Three: Read Chapter 4 Case 4-1 Standing on Principles, Pages Week Four: Read Chapter 5 Case 5-2 Seeing is believing, Pages Week Five: Mid-term Examination on Chapters 1, 2, 3, 4, and 5 Week Six: Read Chapter 6 Case 6-2 Managing Offshore Investments, Pages Week Seven: Read Chapter 7 Case 7-2 Icelandic Enterprise, Inc., Pages

6 Week Eight: Read Chapter 8 Case 8-2 Whither The Withering Standard Setters? Page 280 Week Nine: Read Chapter 9 Case 9-1 Sanvik, Pages Week Ten: Read Chapter 10 Case 10-1 Foreign Investment Analysis, Pages Week Eleven: Read Chapters 11 and 12 Case 11-2 Value at Risk Pages Case 12-2 Muscle Max: Your Very Own Personal Trainer, Page 467 Week Twelve: Comprehensive Final Examination on Chapters 1 through 12