This course aims to:

1. expose students to material differences in accounting practice across major OECD regimes, and between major countries in the Asia-Pacific region.
2. expose students to the history of international accounting harmonization and the development of International Financial Reporting Standards.
3. expose students to details of the current international standards and practice in areas that are of special relevance in multi-national accounting such as foreign currency translation.
4. facilitate students acquiring fundamental knowledge of cultural differences, business dynamics and professionalism for effective communications.

Final examination[Open-book examination]:

Students will take final examination at the end of the semester to assess their knowledge of the concepts and methods covered in the whole semester and their ability to apply their knowledge about financial reporting in the international context.

Students are required to pass both coursework and examination components to guarantee to pass the course. Failing either component may lead to failure in the course. The passing mark is generally 50.