ACC820 International Financial Reporting Standards

[3–0, 3 cr.]

The course prepares students to understand and analyze a variety of financial and non-financial information issued by companies according to the international accounting standards rather than the US GAAP. It is important to emphasize that financial statements are not just numbers. A substantial amount of information is textual. The income statement, balance sheet and other “numbers” statements mean little without the many pages of notes that support them. The financial pages are also only a minor part of company annual report. In this course, we explain the reasons for and the content of non-disclosures. Financial information remains a highly significant part of the communication given by large companies.