MODULE IV - INTERNATIONAL ACCOUNTING AND FINANCE

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SUBJECT: INTERNATIONAL ACCOUNTING AND FINANCE

Programa del Master in International Business

Universidad Carlos III de Madrid

Faculty

Gregorio Serna, Associate professor of Finance, University of Alcalá. PhD in Economics - Universidad Carlos III de Madrid

Victor Salamanca, CEO in Auxadi, accounting, reporting & compliance international services. VicePresident & Member of Ex Comm in Accacia. Graduated in Business Administration, Postgraduate studies in Audit.

Learning goals

This course provides a comprehensive and rigorous knowledge of the key areas of international finance and accounting treatment. The course begins with the study of the currency markets and analysis of the possibilities of covering currency exposure, with special emphasis on derivative contracts. Second, the contents include also studying major investment decisions in a multinational context. Finally, students will also learn about accounting and financial reporting, followed by a description of the development of international standards and the present structure, role and operations of the International Accounting Standards Board. At the end of the course, students should be able to understand and assess the environment and tools of international accounting and financial management.

Programme

1. The Foreign Exchange Market

2. Currency derivatives: forward, futures and option contracts

3. Hedging foreign exchange exposure with derivatives

4. Estimating the Cost of Capital in a Multinational Context

5. Making Investment Decisions in a Multinational Context : Alternative criteria and cases

6. Introduction to accounting and financial reporting

7. Structuring an International Financial Report package

  • GAAPs & Codings
  • Consolidation of financial information

8. IFRS Financial statements

  • Reasons for international accounting convergence
  • Structure and operation of the IASB (International Accounting Standards Board)
  • Individual IFRS (International Financial Reporting Standards)

9. Expanding abroad from an accounting, tax and payroll perspective: What to consider