International Accounting : A User Perspective

As business and capital markets have continue to grow more global over recent years, the need for cross-border financial information has correspondingly increased. This has brought international accounting to the forefront. International Accounting: A User Perspective is designed to provide an understanding of international accounting issues to current and future business managers. The book takes a user perspective to international financial reporting because most business executives are more likely to be users of financial information that crosses national borders than users of it. With the recent problems exposed in the quality of financial reporting in many countries, a solid understanding of international accounting issues is an important part of the portfolio of skills that managers in medium and large enterprises must possess.

Benefits:

• NEW! Revised Chapter 2! A revamped Chapter 2 that contains a state-of -the-art discussion of developments in the global standard setting arena, including the format and structure of the new International Accounting Standards Board.
• Streamlined Content: Every effort has been made to present the material completely yet succinctly and in a writing style that is easy to read. The goal is to place this book somewhere between advanced accounting texts that have very little coverage of international accounting issues and very long traditional international accounting texts.
• End-of-Chapter Materials: Each chapter ends with discussion questions, exercises, and (where appropriate) cases. The discussion questions are relatively straightforward applications of chapter materials. In keeping with the user perspective of the book, most of the exercises involve hands-on application of domestic and foreign annual reports.
• NEW! Coverage of the Euro! Revisions in Chapter 3 and throughout the book to reflect the introduction of the new single currency, the euro, in most European Union member countries.
• NEW! Completely Updated! Updated discussion of relevant research, where appropriate, in all chapters.
• NEW! Updated examples from corporate annual reports of various reporting practices.
• NEW! Updated reference materials at the end of each chapter.
• NEW! Power Point lecture outlines for each chapter.
• NEW! New! Increased number of web related assignments in each chapter.
• Research Component: This book facilitates the transfer of international accounting research to students who typically would not access the literature on their own. It discusses research findings where appropriate and extensively cites scholarly references related to the subject matter. Since much of the text is based directly or indirectly on research evidence, it helps bring "state-of-the-art" international accounting material into the classroom.
• User Perspective: Because most business executives are more likely to be users of transnational financial information than preparers of it, this book takes a user perspective. Many executives are regularly called upon to make decisions based on financial information that originates in another country.

1. Financial Reporting in the Global Arena.
2. Harmonizing Financial Reporting Standards Globally.
3. Accounting for Currency Exchange Rate Changes.
4. Selected Financial Reporting and Disclosure Issues in the Global Context.
5. Using Corporate Financial Reports Across Borders.
6. Financial Reporting in Emerging Capital Markets.
7. Managerial Issues in International Accounting.