ACC 6350 International Accounting and Taxation

2 Hours

This course presents a study of international accounting and taxation. In the accounting half of the course an emphasis will be placed on the International Accounting Standards Board and global harmonization of accounting standards. Issues such as price changes and inflation, and foreign currency transactions and translation will be discussed. In the tax half of the course, the tax consequences of inbound and outbound transactions will be explored. In addition, export incentives as well as the tax status of controlled foreign corporations will be examined.