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   Course Title    International Accounting Standards
Lecturer    Tatyana Filippovna Parfenova
Institution    American University of Kyrgyzstan
Country    Kyrgyzstan


Teaching Hours: 68 hours (2 classes per week)

Course status: MBA Program students

Course Objective:

Review and study of the main problems of financial accounting in international business;
an ability to prepare and analyze financial statements for foreign users

Teaching methods:

  • lectures
  • practical assignments and exercises

Student Requirements:

  • attendance
  • knowledge of "Basics of Accounting"

Examinations: written exam

Percentage: Maximum exam grade 40%

Midterm test 10%fulfilment of in-class practical assignments 30%

Fulfilment of independent assignments 10%

Participation 10%

Percentage and Grades:

100-85  A
84-75   B
74-65   C
64-60   D
Less than 59   F

Literature

  1. Official documents
  2. Kyrgyz Accounting Standards
  3. International Accounting Standards

Week

Topic

Content

Type of activity

Literature

N (chapter)

1

International perspectives of financial accounting

Financial Accounting and Basic Factors influencing its development

Accounting models classification. (Western European , American, Japanese)

Lecture

Lecture

N 1 CH. 1,2

N 1 CH. 2

2

Professional organizatons elaborating accounting and audit standards

International organizations elaborating standards. Regional organizations.

Basic Principles while elaborating accounting standards in Kyrgyzstan

Lecture

Lecture

N1 ch 3

KAS

IAS

3

Financial reporting

Methods of preparinf financial reports for foreig users

Financial reporting as a basic means of communication

Practice

practice

 

4

Accounting analysis

Types of analytical information. Analytical Sections of Accounting.

Tools and methods of analysis

Lecture

lecture

1(2)

2(4,16-19,23)

5

 

Liquidity analysis

Cash flaw analysis and financial forecasting

Practice

practice

2(4,16-19,23)

6

 

Capital structure and long-term solvency analysis

Complex financial reporting analysis

Practice

practice

 

7

Accounting under inflation

Identifying a problem. Regional methods of inflation growth

Price change influence on accounting reports

Practice

practice

2(14)

3(12)

8

Reporting consolidation

The idea of consolidation. Its practice. National currency re-evaluation problems.

Intercorporate investments, activities abroad

Lecture

lecture

2(9)

3(22)

9

 

Preparation of consolidated reports

midterm test

practice

 

10

Management accounting Information system

Management Accounting Information System uder modern conditions.

Basic factorsinfluencing its structure mand content. Internal Environment.

Lecture

lecture

 

11

Planning and Control in Business

Basic procedures of management planning and control

Basic problems in elaboraing planning and control systems

lecture

4(50

5(6,7)

12

 

Statistical and flexible corporation budget.

Its preparation.

Lecture

practice

 

13

Assessment and analysis on the basis of management accounting information

Indicators and criteria of activity evaluation

Peculiarities of analysis under the conditions of currency exchange

lecture

 

14

Transfer Price Formation and Taxation at the international market

Peculiarities of transfer price formation in corporations

Elaboration of intercompany prices

Lecture

practice

1(9)

5(17)

15

 

Taxation accounting. Peculiarities. International aspects of taxation

lecture

 

16

Management Accounting organization

Basic modern automated system of accounting organization

lecture

4 (6)

17

 

Final test (written)

   

Readings

  1. Accounting: International Perspective
  2. Financial Reporting Analysis
  3. Theory of Accounting
  4. Accounting management
  5. Accounting. Management Aspect.


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