Accounting for International Operations

This course provides an accounting and managerial perspective on the financial reporting issues which can arise when conducting foreign operations or engaging in foreign currency transactions.  Numerous illustrative case studies are presented and discussed for an in-depth treatment, of virtually all aspects of controlling and reporting the results of international operations.  The principle learning objective is to gain an understanding of the drivers of economic exposure to foreign exchange fluctuations (at both the subsidiary and financial instruments level), and how the determination of a subsidiary's functional currency affects the financial reporting.