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LinkedIn Learning

Accounting Foundations: Global Finance and Accounting

via LinkedIn Learning

Overview

Prepare for a new career with $100 off Coursera Plus
Gear up for jobs in high-demand fields: data analytics, digital marketing, and more.
Learn how to effectively operate as a global business and avoid common international accounting issues while leveraging multiple currencies for financial strength.

Syllabus

Introduction
  • Staying on top of global and accounting issues
1. Financial Reporting
  • Financial reporting in China, Russia, and Kazakhstan
  • FASB and IASB
  • Similarities between IFRS and US GAAP
  • Differences between IFRS and US GAAP
  • Convergence of IFRS and US GAAP
  • Samples of multinational financial reporting approaches
2. Currency Exchange Issues
  • Salary paid in Kazakhstan tenge
  • Selling goods or services in a foreign currency
  • Buying goods or services in a foreign currency
  • Accounting for a subsidiary in a foreign currency
  • Hedging foreign exchange risk
  • Impact of currency devaluations
3. Obtaining Financing
  • Mismatch between operating currency and borrowing currency
  • In what currencies do Disney and Coca-Cola borrow money?
  • Where to list your equity shares?
  • International differences in business regulation
4. International Tax Issues
  • The size of the gray economy
  • Income taxes: Strategic location of operations
  • Income taxes: International transfer prices
5. Other Global Finance and Accounting Issues
  • Impact on the cost of capital
  • Supply chains across national borders
  • Outsourcing of production and offshoring of labor services
  • Data security and storage
Conclusion
  • The dramatic globalization of business

Taught by

Jim Stice and Earl Stice

Reviews

4.8 rating at LinkedIn Learning based on 192 ratings

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