Cleveland State University

Monte Ahuja College of Business Administration

Department of Accounting
Accounting 460/560 Section 50
International Accounting 3 Credit Hours
Fall Semester, 2016
Faculty: Dr. Mark Holtzblatt
Office: BU 508 Office Phone: 216-875-9711
Email: m.holtzblatt@csuohio.edu
Office Hours:

Tuesday & Thursday

3:00 PM - 4:30 PM or by appointment on other days

Class Meetings: Tuesday & Thursday 6:00 PM 7:15 PM Room BU 207

Course Prerequisite or co-requisite: ACT 332/ACT 532
Required Textbook: Doupnik, Perera, International Accounting, 4th Edition, 2015, McGraw-Hill
Additional Materials:
(1) e-IFRS from the IFRS.org website http://www.ifrs.org/IFRSs/IFRS.htm
(2) IFRS Online Interactive e-Learning Modules by Deloitte developed at cost of $4 million.
Available for free at http://www.DeloitteIFRSLearning.com/ (See Deloitte Instruction
Sheet on the back page of this syllabus for help in accessing the e-Learning modules)
A disc containing this semesters Deloitte IFRS Modules will be distributed to students.
(3) Ernst & Young (EY) IFRS Curriculum from the EY Academic Resource Center
(4) IFRS for SMEs Modules http://www.ifrs.org/IFRS+for+SMEs/Training+Modules.htm
A training program created by the IFRS Foundation and made available to the public
at no cost. Several modules will be placed on the class Blackboard.
(5) The class Blackboard site will be used for summarizing the Weekly Lessons and for
distributing the relevant class materials. (See the Blackboard section labeled Weekly
Lessons)
(6) Handouts and Cases for Sustainability Accounting, International Taxation, Foreign Corrupt
Practices Act (FCPA), International Political Risk, and IFRS-based XBRL issues will be distributed.
(7) TeachingIFRS.com, my co-authored comprehensive website with resources for learning about IFRS.
Course Description: A broad-based course that provides an understanding of the international dimensions of
accounting. The course will include topics in financial and managerial accounting, auditing, taxation and
transfer pricing issues. An examination of current international accounting literature will augment specific topic
discussions.
Course Objectives: To understand the history and structure of the IASB and the IASB standard setting process.
To understand the IFRS standards for recording transactions and preparing financial statements. To understand
the differences between IFRS and U.S. GAAP. To understand accounting for imports, exports, foreign loans,
and foreign currency translations for multinational consolidation purposes. To understand issues related to
international political risk, international taxation & transfer pricing, inflation accounting, segmental reporting,
international auditing, global anti-bribery regulations, sustainability reporting and XBRL topics.

Common Body of Knowledge: Areas covered include: written and oral communication; quantitative and
financial analysis; ethical, technological and global perspectives.
Grading Weights:
460

560

Examination I

100

100

Examination II

100

100

Examination III

100

100

50

50

350

350

Attendance, Text Homework,

Deloitte Modules**, & Cases
Total
**Deloitte e-Learning Modules

ACT 460 students must achieve a minimum of 70% on the Deloitte Module assessments to receive credit.
ACT 560 students must achieve a minimum of 90% on the Deloitte Module assessments to receive credit.
Grading Scale: The grading scale is as follows:
460:
90-100%
80-89%
70-79%
60-69%
<60%

A
B
C
D
F

90-100%
80-89%
70-79%
<70%

A
B
C
F

560:

Homework: will be: (1) Questions, (2) Exercises/Problems, (3) Cases and (4) Deloitte IFRS Module
Assessments to be discussed fully in class. The McGraw-Hill book homework should be done on 8 x 11 size
paper. On the right hand side of the back page, write your Name, ACT. 460-50 (or 560-50), Chapter/Topic, and
the Date. The multiple choice (10 questions) Deloitte Assessment Test Results (% achieved) at the end of the
Deloitte Modules should be printed out and handed in when due. For 460 students a score of 70% is required to
pass the Deloitte e-Learning Module Assessment test and for 560 students a score of 90% is required. You may
need to make several attempts on the Deloitte Assessment tests to pass. You should reference the applicable
IFRS Standard (either online or by printing it out) when working the Deloitte Assessments. The written
assignments will be collected on the day we finish discussion of the related topic.
Written assignments should be done on a current basis; otherwise maximum utility will be lost.

Exams:
Three exams are scheduled for this course. Students are expected to take all the exams with the class as
scheduled below in this syllabus. All exams must be taken on the announced dates at the announced time and
location. Students are responsible for the content of all assigned pages and chapters in the textbook as well as
materials discussed in lectures, power points, and homework assignments.
Attendance Policy: Regular classroom attendance is highly recommended. If you will miss a class, contact a
colleague to obtain the class notes, handouts, etc. Please try not to be late to class or leave class early. This
disrupts the learning of other students and the instruction of the professor. Your grade may be reduced for poor
attendance and coming late or leaving early on a regular basis.

The class begins at 6:00 PM and you should be in class at that time. It is disruptive for me
and your classmates if students habitually arrive after the class begins. Also you can
expect to be in class until the end of the session, if you must leave early, please let me know
before the class begins, and sit as near the door as possible in order to minimize the
distraction you create for your fellow classmates when you leave.
Electronic Device Policy:

Please turn all cell phones and other devices that you bring to class to vibrate, silent, or
off. You are not allowed to use electronic devices during class without the instructors
permission and then only for academic purposes. Discovery of the use of electronic
devices for personal use during class may result in an academic penalty at the discretion of
the instructor. This is so that each class member has an equal opportunity to learn in an
environment without unnecessary distractions.
Student Conduct: Students are expected to do their own work. Academic misconduct, student misconduct,
cheating and plagiarism will not be tolerated. Violations will be subject to disciplinary action as specified in the
CSU Student Conduct Code. A copy can be obtained on the web page at:
http://www.csuohio.edu/compliance/student-code-conduct or by contacting the Judicial Affairs Officer in the
Department of Student Life.
Accommodations for Students with Disabilities: Any student who feels s/he may need an accommodation
based on the impact of a disability should contact the Office of Disability Services. Accommodations need to
be requested in advance and will not be granted retrospectively.

Textbook Reading & Writing Assignments, Deloitte IFRS e-Learning Module

& e-IFRS (IASB) Assignments, EY IFRS Curriculum and Case Assignments
Due Date

Topic

8/30/2016

Introduction to the
Course and the learning
materials (Textbook, eIFRS from the IASB,
Deloitte e-Learning IFRS
Training Modules, EY
Academic Resource
Center IFRS
Curriculum).
Introduction to
International Accounting

9/1/2016
9/6/2016

Worldwide Accounting
Diversity

Reading

Written Assignment to be turned in on this date

No written assignment to be turned in for this date.

Ch. 1

Q - 2, 3, 5, 6, 8, 10.
Ex. 3, 4
Case 1, Besserbrau AG

Ch. 2 (read p.
23 to 33, and p.
43 to 55)

Q-1,2,3,4,5,6,10,13
Ex. 2-(do all parts, and for parts c. and d. list two format
differences each) and use the 2015 annual reports of
General Motors (GM) and BMW Group at these two links
(if the link does not work, just copy and paste into a web
browser)
https://www.gm.com/content/dam/gm/en_us/english/Group
4/InvestorsPDFDocuments/2015AnnualReport.pdf
and BMW Group
https://www.bmwgroup.com/content/dam/bmw-groupwebsites/bmwgroup_com/ir/downloads/en/2016/Annual_R
eport_2015.pdf
Case 2-2, SKD Limited (do only one of the three
requirements your choice).

9/8/2016

9/13/2016

International
Convergence of Financial
Reporting

Ch. 3 (read p.
65 to 84)

International
Convergence of Financial
Reporting

Ch. 3
(continued)
(read p. 84 to
110)

Read Ch. 3 and do Q-2, 5, 7, 14. Ex. 2 (part a only)

In-Class: We will view and discuss the EY Introduction to
IFRS PowerPoint slide presentation and we will do the
related EY multiple choice questions in-class as a group.
In Class: We will view and discuss the EY IFRS in Global
Practice PowerPoint and we will do the related EY
multiple choice questions in-class as a group.

IFRS in Global Practice

Do Ex. 9 of Ch. 3 (just select only ONE country from ONE
region (Asia, Africa, OR Latin America), and for part b. of
Ex. 9 use the Jurisdiction profiles created by the IFRS
Foundation at http://www.ifrs.org/Use-around-theworld/Pages/Jurisdiction-profiles.aspx

IFRS Foundation
Jurisdiction Profile
Research Assignment
9/15/2016

International Reporting
Standards: Part I
(Inventory)

Ch. 4 (p. 118

-122) and IAS
2 (available on
wwwIFRS.org)

Q- 2. Ex. 2,14 (part a only), 15 (part 1 only- IFRS),

Do the Deloitte IFRS e-Learning Module for IAS 2. Refer
to IAS 2 as needed. Do not do the assessment test for this

first Deloitte Module as it will not be turned in.

9/20/2016

9/22/2016

9/27/2016

International Reporting
Standards: (Property,
Plant & Equipment)

Ch. 4 (p. 122131) and IAS

16 at IFRS.org

International Reporting
Standards: Part II
(Provisions and
Contingent Liabilities)
International Reporting
Standards (Impairment of
Assets, & Intangible
Assets

Ch. 5 (p. 179184)

Ch. 4 (p.131141)

Q- 3, 4, 5, 6, 7, 8. Ex. 3, 18
Do the Deloitte IFRS e-Learning Module for IAS 16 (refer
to the actual IAS 16 standard at IFRS.org as needed when
doing the assessment test). Do the assessment test and a
print out of the percent test results for this Deloitte Module
must be turned in at the end of class.
Q- 1, 2, 3, 4. Ex. - 3, 4, 14, 15, 16.

Q- 9, 10, 11, 12, 13.

E. 5, 6, 7, 8, 19 (part a only), 24 (part a only)
Do the Deloitte IFRS e-Learning Module for IAS 38 (2015
version). Refer to the actual IAS 38 standard at IFRS.org as
needed when doing the assessment test. The test results for
this Deloitte Module must be turned in at the end of class.

9/29/2016

EXAM I (Ch. 1, 2,3,4,5)

10/4/2016

Introduction to the
Foreign Exchange Market
and Accounting for
Imports, Exports and
Foreign Currency
Borrowing
Translation of Foreign
Currency Financial
Statements
Columbus Day-no class

Ch. 7 (read p.
339-349 and
377- 379)

Q- 1, 2, 3, 16. Ex. 1, 2, 11, 12, 13 (you do not have to

calculate the effective annual cost of borrowing portion of
Ex. 13, just do the journal entries needed)

Ch. 8

Q. 1, 4, 5, 7. Multiple Choice Exercises 1, 2, 3, 4, 5, 6,

Ex. 8, 9.

Translation of Foreign
Currency Financial
Statements
International Inflation
Accounting
International Political
Risk Accounting
International Corporate
Social Reporting
Sustainability and
International Integrated
Reporting (The IIRC),
and the
SABMiller case
EXAM II (Ch. 7, 8,
Inflation Accounting,
International Political
Risk Accounting, Social
Reporting, Sustainability
and Integrated Reporting)
International Taxation

Ch. 8
(continued)

Q. 10. Ex. 14 (part a. only), 15 (do both parts a. and b.

for 15. However, you do not have to compute the
translation adjustment requirement for both parts a. and b.)
Q 1, 3 Ex. 1, 3, 4 (do part a. and b. for the Mexican
subsidiary)
Handouts and reading assignment for International Political
Risk Accounting to be posted on Blackboard.
Q-1, 4, 7, 10, 12. Exercise 1.

International Transfer
Pricing

Ch. 12

10/6/2016
10/11/2016
10/13/2016
10/18/2016
10/20/2016
10/25/2016
10/27/2016

11/1/2016

11/3/2016
11/8/2016

Ch. 9 (read p.
448-463)
Handouts to be
distributed
Ch. 15
Handout and
Case to be
distributed

Case to be distributed and case solutions to be turned in as

homework.

Ch. 11

Q- 3, 4, 5, 6, 8, 10. Multiple Choice Exercises 1 2, 3,4,5,6,

7, 8, 9, 10, 11, 12, 13. Ex. 16, 18, 19.
Q-1, 2, 3, 4, 5, 9. Multiple Choice Exercises 2, 3, 6, 9, 10,
11, 12. Ex. 13.

11/10/2016

Should Congress and

Global Regulators Take a
Bigger Tax Bite out of
Technology Companies:
A Case on Apple Inc.
Global Tax Minimization
Strategies

Apple Inc.
Handout Case
to be
distributed

Read the Apple Inc. Case on Global Tax Minimization and

Reporting Strategies and research and turn in written
answers to the case questions.

11/15/2016

International Tax
Inversions

Handouts to be
distributed

11/17/2016

International Business
Combinations and
Segment Reporting
IFRS for SMEs (Small to
Medium Size Enterprises)

Ch. 9 (read
p.463-483)

Identify one U.S. company that has implemented or is

contemplating an international tax inversion. Print out an
article describing the inversion situation and summarize in
a typed 1 or 2 page report (single-spaced).
Q 7, 8, 9, 11, 12, 13, 14, 15. Ex. 5, 6, 8

11/22/2016
11/24/2016

Thanksgiving- no class

11/29/2016

International Auditing &

the Foreign Corrupt
Practices Act (FCPA)

12/1/2016
12/6/2016

12/8/2016
12/15/2016

Baker Hughes and

Kazakhstan FCPA Case
Introduction to XBRL
(eXtensible Business
Reporting Language)
SAP AG Case Study on
IFRS-based XBRL
SEC Deliberations on
IFRS and Current Status
EXAM III (Ch. 11, 12,
Tax Inversions, FCPA,
IFRS for SMEs, Business
Combinations, Segment
Reporting, XBRL, and
the SEC and IFRS)
6:00 pm-8:00 pm

IFRS for SMEs

Modules of the
IASB

Do the handout material exercises from the IFRS

Foundation (refer to the IFRS for SME Standard (on the
IASB website). Handout materials are on Blackboard.

Ch. 14 (read p.
705-710) and
the Baker
Hughes FCPA
case handout

Read the Baker Hughes/Kazakhstan Case on the FCPA,

Baker Hughes: Greasing the Wheels in Kazakhstan and
turn in written answers to the assigned case questions

Handouts and
articles reading
material
Handout case
study

Read the introductory XBRL material on Blackboard and

we will discuss in class.
Written answers to the XBRL case questions will be due on
this date. Read the XBRL case SAP AG Pioneers the
Future of Financial Reporting: Implementing IFRS-based
XBRL Statements.
We will view in-class the PowerPoint presentation of the
SEC Deliberations on IFRS and Current Status.

BBA Program Learning Goals

ACT 460 Learning Outcomes

Goal 1: Students will be able to

demonstrate and apply
knowledge from their major
field to identify and solve
problems in the respective areas
Goal 2: Students will be able to
communicate effectively in oral
presentations.

Students practice application of

international accounting and taxation
concepts and principles, sustainability
accounting, international political risk,
and IFRS-based XBRL issues.
Students analyze international
accounting situations and provide
analysis of the various issues.

Goal 3: Students will be able to

communicate effectively in
written assignments.
.

Students provide written solutions to

international accounting problems and
situations.

Goal 4: Students will be able to

demonstrate critical/integrative
thinking skills in business
problem-solving and decision
making.

Students learn about various

international accounting and taxation
issues.

How Student Achievement of

Learning Outcomes will be
Assessed
Written assignments including
multiple case studies and IFRS
e-learning modules.
Exams
Class participation.

Individual Written
Assignments.
Exams in class.
Exams administered in class.

How Student Achievement of

Learning Outcomes will be
Assessed
Written assignments including
multiple case studies and IFRS
e-learning modules.

MAcc Program Outcomes

ACT 560 Learning Outcomes

Goal 1.0 Students will be able

to apply accounting concepts
and principles at an advanced
level in the areas of financial
accounting, managerial
accounting, auditing, taxation,
and accounting information
systems
Goal 2.0 Students will be able
to engage in critical thinking

Students practice application of

international accounting and taxation
concepts and principles, sustainability
accounting, international political risk,
and IFRS-based XBRL issues.

Students analyze international

accounting situations and provide
analysis of the various issues.

Homework assignments, elearning modules and case

study analysis.

Goal 3.0 Students will

demonstrate effective oral and
written communication skills
.

Students provide solutions to

international accounting problems and
situations. Solutions are both written
and oral.

Individual Written
Assignments

Goal 4.0 Students will achieve

CPA exam pass rates higher
than those experienced by the
average of Ohio BBA graduates
.

Students learn about the various

international issues that are covered on
the CPA exam.

Exams administered in class.

Exams

Class participation

Deloitte IFRS Modules

http://www.deloitteifrslearning.com/