1. International Accounting
د.عمرو نزيه
20/11/2018

2. Chapter 1: Introduction to International Accounting
Learning Objectives
Definition of International Accounting.
The need to International Accounting
Objectives and characteristics of International Accounting
د.عمرو نزيه
20/11/2018

3. Definition of International Accounting
L.O 1
Definition of International Accounting
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20/11/2018

4. (1) Definition of International Accounting
International Accounting can be defined through the international standards perspective that should be applied by the deferent companies.
د.عمرو نزيه
20/11/2018

5. (1) Definition of International Accounting
Also, international accounting can be viewed through comparative international perspective , as all accounting methods , principles and standards would be classified in the different countries to be useful for different users.
د.عمرو نزيه
20/11/2018

6. (1) Definition of International Accounting
In addition, international accounting could be defined through the international accounting problems that arise from the spread of multinational companies such as translation and exchange rate problems.
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20/11/2018

7. (1) Definition of International Accounting
International accounting can be defined as:
Branch of accounting cares about international accounting practices that arise as a result of the practice of international activities by various multinational companies.
د.عمرو نزيه
20/11/2018

8. L.O 2
The need to International Accounting
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20/11/2018

9. (2) The need to International Accounting
There were several factors that contribute to the emergence of international accounting. These factors are :
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20/11/2018

10. (2) The need to International Accounting
Modern international economy properties
The growth of multinational companies
Differing systems and methods of accounting practice
Increased interest in foreign direct investment
International monetary system
د.عمرو نزيه
20/11/2018

11. (2) The need to International Accounting
The importance of international accounting can be dervied through the following points:
د.عمرو نزيه
20/11/2018

12. (2) The need to International Accounting
The accounting principles and standards that have been used to prepare the published financial statements
The need to know how to make the necessary adjustments to published financial statements to become valid for comparison by the decision-makers
د.عمرو نزيه
20/11/2018

13. (2) The need to International Accounting
Identify the information to be disclosed in those statements
Recognise the auditing standards to be relied upon to review those statements
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20/11/2018

14. (2) The need to International Accounting
The need to account for transactions that be done by foreign currencies
Determine the tax effects resulted from international activities
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20/11/2018

15. Objectives and characteristics of International Accounting
L.O 3
Objectives and characteristics of International Accounting
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20/11/2018

16. (3) Objectives and characteristics of International Accounting
Objectives of International Accounting
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20/11/2018

17. (3) Objectives and characteristics of International Accounting
Regulation of accounting and reporting practices that are at an international level
Examine the role of accounting in the economies of international companies
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20/11/2018

18. (3) Objectives and characteristics of International Accounting
Make comparisons between different accounting systems for countries
Understanding of international financial statements so that it can make them more comparable
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20/11/2018

19. (3) Objectives and characteristics of International Accounting
Find the suitable solutions for accounting problems resulting from international practice
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20/11/2018

20. (3) Objectives and characteristics of International Accounting
Develop a comprehensive framework for reviewing the international financial statements
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20/11/2018

21. (3) Objectives and characteristics of International Accounting
The characteristics of International Accounting
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20/11/2018

22. (3) Objectives and characteristics of International Accounting
The characteristics of International Accounting could be recognised through the problems of international accounting
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20/11/2018

23. (3) Objectives and characteristics of International Accounting
This problem arise due to the differences in the prices of currencies between the countries
Currencies exchange rate problem
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20/11/2018

24. (3) Objectives and characteristics of International Accounting
This problem arise when there is consolidated financial statements between multinational group of companies.
Preparation of consolidated financial statements
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25. (3) Objectives and characteristics of International Accounting
The differences between inflation rates between countries
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20/11/2018

26. (3) Objectives and characteristics of International Accounting
تنشأ هذه المشكلة كنتيجة لإختلاف الأنظمة الضريبية بين الدول.
حيث تقوم الشركة الأم بقياس وعائها الضريبي وفقا للنظم والقوانين الضريبية المعمول بها في دولتها ، والتي تختلف حتما مع النظم والقوانين التي تعمل بها الشركات التابعة أو الفروع في دولها.
الأثار الضريبية الناتجة عن المعاملات الدولية
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20/11/2018

27. (3) Objectives and characteristics of International Accounting
This problems arise due to the differences in the tax systems between the countries.
Tax effects of international transactions
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20/11/2018