The aim of masteringthe discipline required of students' knowledge and practical skills in accounting in foreign cranes, given the generally accepted principles and international accounting standards.
Tasks of the course: learning general issues as accounting of foreign countries that formed within the British-American, Continental, South American and international and in-depth analysis of the accounting systems of countries with developed market economies.
Results of educational:
As a result of the course students should know: features of accounting in different countries; International Financial Reporting Standards, their composition and general characteristics; financial statements of foreign countries, its composition, purpose and requirements thereto; method of financial reporting in the US and Western Europe; records of cash in hand and bank accounts; account current financial investments; types of receivables, account discounts granted and return the goods, the method of calculation of provision for doubtful debts; records received and discounted bills; inventory accounting system; methods of stock assessment, reflection stocks in the financial statements; recognition and measurement of fixed assets, depreciation methods; recognition and initial measurement of intangible assets, depreciation methods and the elimination of intangible assets; account of long-term investments in bonds and order and discount amortization of premiums; account of long-term investments in shares and procedure for revaluation; appointment, composition and method of preparation of consolidated financial statements; classification and measurement of liabilities; records of income, expenses and the procedure for determining financial results; classification and accounting equity, retained earnings and dividends, etc.
Contents of the subjectis revealed in the following topics: Common principles and accounting system. The financial statements, its meaning and interpretation. Accounting for cash. Accounting for accounts receivable. Accounting inventory. Accounting for long-term assets. Accounting for financial investments and consolidated reporting. Accounting obligations. Accounting for equity and the distribution of profits in companies.