Content Content Aim of the Module Intended Learning Outcomes - - PDF document

11/13/2017 1

International Financial Accounting and Policy International Financial Accounting and Policy

Dinuka Perera

ACA, ACMA (UK), CGMA, ACMA (SL), MBA (PIM - Sri J.)

Dinuka Perera

ACA, ACMA (UK), CGMA, ACMA (SL), MBA (PIM - Sri J.)

Orientation Orientation

Content Content

• Aim of the Module
• Intended Learning Outcomes

– Knowledge – Competencies – Skills

• Content of the Module
• Learning Method
• Assessment Method
• Reading Materials

11/13/2017 2

Aim of the Module Aim of the Module

• This

his modu module le ai aims s to i

• impa

mpart

– Knowledge – Competencies & – Skills – Relating to the development of international accounting and harmonization ideas – Emphasis on IFRS, CSR, and corporate governance practices around the world

Intended Learning Outcomes

• Know

Knowle ledge ge

– Understand why there is a worldwide diversity in financial reporting and an attempt at a global convergence of these practices – Articulate how IFRS-like practice becomes diffused and what elements become debatable – Interpret financial statements in relation to foreign currency translation and exchange rate implications – Analyse the impact of international taxation and transfer pricing practices – Debate the merits of the arguments for global convergence of financial reporting

11/13/2017 3

Intended Learning Outcomes

• Compet

petenci encies es

– Refer to international developments in financial reporting when understanding and analysing financial statements – Relate this knowledge to case scenarios

• Sk

Skills ills

– Lead any management related discussion based on international developments in financial reporting – Prepare suitable basic management reports reflecting such skills.

Content Content of the Module

• f the Module
• Worldwide accounting diversity and convergence –10%
• IFRS practices and comparative accounting –30%
• Foreign currency translations, exchange rates, and financial

statements -20%

• International taxation and transfer pricing –15%
• International auditing, corporate governance, and CSR –20%
• Use of scenarios in applying this knowledge –5%

11/13/2017 4

Learni Learning Method ng Method

• Formal lectures
• Formal contact hours: 45 hours
• Notional hours: 120 hours

Ass Assess essmen ment M t Method ethod

• 25% - In-course assignment: 2500 –3000 word essay showing how

international accounting knowledge is important for strategic decisions n business

• 15% - Group presentations
• 60% - Final unseen exam: 3-hour closed book exam

11/13/2017 5

Reading Materia Reading Materials

• Timothy Doupnik and Hector Perera (2014) - International

Accounting, McGraw-Hill Education.

• Selected articles from

– International Journal of Accounting and Financial Reporting – Managerial Auditing Journal – Accounting, Auditing and Accountability Journal

Thank you!