Course Syllabus

Course Number: 40510093

Course Name (CH): 国际会计专题
Course Name (EN): Topics on International Accounting
Credits: 3
Prerequisites: Fundamentals of Accounting
Teaching Language: □CH □CH+EN (EN ≥50%) √EN
Courseware Language: □CH √EN
Teaching Method: √lecture √discussion □case study □literature reading □computer-
aided assignment √students’ in-class presentation
Assessment Method: √in-class quiz and test √oral presentation □group discussion
□case analysis (report) √final report/thesis □final exam □practice project (report)
□others___________________________
Semester: □spring √autumn □summer
Course Category: □core course √elective course
Target Students: √Undergraduate □Master □PhD □MBA □EMBA □TIEMBA

Instructor: HAO Zhenping

Office: 352 Weilun Building
E-mail: haozhp@sem.tsinghua.edu.cn
Office Phone: 62788143
Office Hour:
Teaching assistant:

Course Description (course objectives and content):

 To understand the development of accounting and financial reporting models in the
world, and to enable you to evaluate the reasons and evolution of international
accounting harmonization and convergence;
 To provide you with the key technical issues in international accounting area and their
impact on financial reporting, such as accounting for foreign currency transactions,
translation of foreign financial statements and accounting for changing prices; and
 To understand some management accounting issues in multinational operations, for
instance, the establishment of management control and information system, financial risk
management, international taxation，and international transfer pricing.
Many of the topics in an international accounting course have a domestic counterpart.
However, new factors and complications arise in the international arena. Some of these are
(1) laws, practices, customs, cultures, and diversity of competitive circumstances; (2) risks
associated with fluctuating exchange rates, differential rates of inflation, and unstable
property rights; and (3) variations in taxes and tax rates. International accounting discusses
issues from the perspective of companies that have internationalized their finance and/or
operations. It also has a comparative aspect, comparing accounting across countries. It also
deals with convergence of worldwide financial reporting standards. This course is designed
to provide you with an understanding of the significant issues in international accounting.
The teaching approach will be mainly classroom lectures with some discussions and
presentations.

Textbooks & References:

Textbook:
International Accounting, 6th Edition, Frederick D. S. Choi, and Gary K. Meek, China
Renmin University Press，2008, 7th Edition, 2011

References:
International Accounting and Multinational Enterprises, 6th Edition, Lee H. Radebaugh and
Sidney J. Gray, China Machine Press, 2007
Comparative International Accounting, 12th edition, Christopher Nobes & Robert Parker,
2012

Grading (percentage of all the assessment methods involved):

The final record will be the letter grade system in the A, B, C, D and F.
Assessment will include class attendance, some ten-minute quizzes and homework which
totally account for 40%, and three unit exams each of which accounts for 20% and totally
60%.

Teaching Schedule:
Weeks Main Contents Readings
1 Introduction Chapter 1
 A Brief History of International Accounting
 Role of Accounting in Business and Global Capital Markets
2 Development and Classification. Chapter 2
 Comparative Development Patterns
 Classification
3 Comparative Accounting I Chapter 3
 Some Observations about Accounting Standards and Practice
 Define the terms “accounting standards” and “standard setting”
 Six National Financial Accounting Systems
4 Comparative Accounting II Chapter 4
 Some Observations About Other Countries
 Some Other National/Regional Financial Accounting Systems
 Four National Financial Accounting Systems

5 Group Presentation for Unit Exam I

6 Reporting and Disclosure Chapter 5

 Development of Disclosure
 Reporting Requirements for Listed Companies
 Reporting and Disclosure Practices
7 Foreign Currency Translation Chapter 6
 Reasons for Translation and Background
 Financial Statement Effects of Alternative Translation Rates
 Foreign Currency Translation
 Translation Accounting Debates and Current Trends
8 Financial Reporting and Changing Prices Chapter 7
 Types of Inflation Adjustments
 National Perspectives on Inflation Accounting
 International Financial Reporting Standards
 Accounting for Inflation Issues
9 Global Accounting Standards Chapter 8
 A Survey of International Convergence
 Overview of Major International Organizations promoting
Accounting Convergence
 International Accounting Standards Board
  EU, IOSCO, IFAC, ISAR, OECD
10 Classroom exam for Unit Exam II

11 International Financial Statement Analysis Chapter 9

 Challenges and Opportunities in Cross-Border Analysis
 International Business Strategy Analysis
 Accounting Analysis
 International Financial Analysis
12 Managerial Planning and Control Chapter 10
 Business Modeling, Planning Tools, and Capital Budgeting
 Management Information Systems and Control
 Performance Evaluation of Foreign Operations
13 Financial Risk Management Chapter 11
 Essentials and Role of Accounting
 Hedge of a Recognized Asset or Liability or an Unrecognized
Firm Commitment, and a Net Investment in a Foreign Operation
 Speculating in Foreign Currency
14 International Taxation and Transfer Pricing Chapter 12
 Diversity of National Tax Systems
 Taxation of Foreign Source Income and Double Taxation
 Tax Planning Dimensions
 International Transfer Pricing: Complication Variables
 Transfer Pricing Methodology, and Practices
15 Final report for Unit Exam III

Other requirements and information:

 Faculty CV
Zhenping Hao Ph.D, Professor in Accounting
Tsinghua University
Beijing 100084, P.R. China
Tel:86-10-62788143
haozhp@sem.tsinghua.edu.cn
Education Experience
1995 Post-doctoral Researcher The University of Manchester, UK
1992 Ph.D. in Accounting Tianjin University of Finance and Economics
1987 Master of Accounting Tianjin University of Finance and Economics
1982 Bachelor of Economics Tianjin University of Finance and Economics

Professional Experience
1/1999 – Present Associate professor, Professor, School of Economics and Management, Tsinghua University, Beijing, China
9/2006–8/2007 Fulbright visiting scholar, Oklahoma State University, USA
6/1995-1/1999 Associate professor , Deputy Chair, and Chair, Department of Auditing, Tianjin University of Finance and Economics, Tianjin, China
3/1995-6/1995 Associate professor , and Head of International Accounting Teaching and Research Section, Department of Accounting, Tianjin University of Finance
and Economics, Tianjin, China

Research Interests
Auditing Theories and Practices, Corporate Governance and Internal Control, Financial Accounting Theories and Practices, and Multinational Corporations and
International Accounting

Courses Taught
Accounting Auditing, and Topics on International Accounting
Activities with Industries
2004-2006 Director of Teaching and Research Centre, Beijing National Accounting Institute
Professional Societies/Activities
2002-present member of Editorial Board, Auditing Research
2004-present council member, Beijing Auditing Society
2005-present council member , China Auditing Society
2004-present member , China Accounting Society
None. 2011-present council member , China Internal Auditing Society