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Course Form (One form per course, lab, or recitation)
NORTHEAST Integrated Curriculum Committee

Date: 11/1/2022
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Contact person: Loren F. Selznick, Chairperson
Phone: 570-389-4899 (570-903-2025)

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Email: lselznick@bloomu.edu

Department: Accounting and Business Law
Program: Accounting

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Tracking # (For Provost office use only)

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CIP# (For Provost office use only)

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Select which actions you are requesting for __ Undergraduate _x_ Graduate
☒ Course Modified for Integration

6.

☐ Course Not Previously Offered at any campus

Click modalities that the course may be offered (80% +)
☒Face-to-Face/In person ☒ Online (100%) ☒ Interactive TV ☒ Multi-modal

New University
Course Prefix

New University
Course Number

New University
Course Title

ACCT

551

International Accounting

Current University
Course Prefix

Current University
Course Number

Current University
Course Title

*Only list Current Courses that are equivalent to the New Course

BU: ACCT

551

International Accounting

LHU:
MU:
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New Course for Integrated University
7. Will the course be seeking General Education approval?
☒ No ☐ Yes (if yes, go to next section General Education Approval- click on this link)
8. Resources at Each Campus: List any resources, including faculty, facilities, technology,
equipment, or library resources necessary at each campus listed above.
The course may be offered within load of current faculty, and dual list of ACC451. Course may be
taught in a computer lab and/or may have students joining class via Zoom (which would require a
camera and microphone). Course is being offered at the Bloomsburg University campus.
Identify on which campuses the course is intended to be offered in the integrated university
(for administration use only):
☒ BU

☒ LHU

☒ MU

9. Identify Departments/Programs/Courses impacted by changes on this form (Identify any
programs/departments/courses that may be impacted by course changes. Contact programs,
departments to obtain support if you are offering a course that will impact their program:
No other departments, courses, programs, or campuses are impacted.
10. Indicate Semester and Year Course will be implemented:
Fall 2023
11. Provide a rationale for how this course relates to the mission and goals of the related program:
The content of ACCT 551 is devoted to studying the theoretical and practical applications of
accounting from the international perspective, addressing differences in accounting principles
and practices across countries, paying special attention to the impact of economic, political, legal
and cultural environments on the accounting standards. This course develops the skills necessary
to understand cultures and diversity in the context of international business. Students continue
to learn at a higher level to accumulate and summarize transactional information as well as
analyze, interpret, and communicate financial information in accordance with international and
local accounting rules.
12. Abbreviated Title (for Master Schedule, Maximum 20 spaces): International ACCTG
13. Course Description for Catalog (Maximum 75 words -start with an action verb.):
Provides theoretical and practical applications of accounting investigated from an international
perspective, addresses the different accounting principles and practices that exist among
countries, and examines the influences of economic, political, legal, and cultural environments on
those differences. International Accounting is offered in the MBA program (accounting
concentration).

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14. Credit(s): 3
Clock Hours: 3

Lecture: 3 hours Recitation: hours Lab: hours

Contract Hours: 3 Lecture: 3 hours

Recitation: hours Lab: hours

15. Prerequisites (Courses completed prior to taking this course):
ACC511 Financial and Managerial Accounting
16. Co-requisites (Courses which must be taken simultaneously with other courses):
There are no co-requisites in this course.
17. Enrollment Restrictions (e.g., limited to majors in program XXX, restricted from majors in program
XXX, etc.):
Graduate standing.
18. Repeatable: Can this course be repeated for credit as a multi-topic class, not just for a grade
change?
☒ No ☐ Yes: How many times is the course repeatable?
19. Dual-Level or Cross-Listed: Is this course dual-level? ☒Yes ☐No.
If yes, list the course prefix and number. ACC 451
If dual-level, indicate content, assignments, and assessments for graduate and undergraduate
courses on two separate Master Course Syllabus forms. Cross-Listed is across multiple
departments/programs.
20. Estimated Frequency of Offering:
How often will the course be taught for a two-year cycle? Twice per two-year cycle.
21. Recommended class size for student success: Provide the recommended class size number and a
clear rationale based on accreditation guidelines, discipline standards, or pedagogical limitations.
To facilitate instructor-student interaction and engagement and to allow for teaching to
undergraduate students and graduate students at once, it is recommended that the course size
be 28 students.

Submit a Master Course Syllabus – (see attached)

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General_Education_Approval
Locate the required Curricular Theme, Program Goal, and Learning Objectives and Desired Outcomes for
your selected area of this program in the General Education Plan (click on this link).
GE-1: Select the Curricular Theme and Program Goal you are applying from the drop down below (click
on the words Choose an item, then click on the arrow and select one option):
The following Curricular Theme(s) and Program Goal(s) will be applied:
Choose an item.

GE-2: How does your course fit into the General Education Curricular Theme and Program Goal to which
you are applying (be sure to address all of the required areas of the selected Program Goal)?

GE-3: List the Course Specific SLOs that correspond to the General Education SLOs of the relevant
Curricular Theme and Program Goal and explain how your course will meet each one of these Course
Objectives. Please be specific and use examples to align in column two and to demonstrate how this will be
implemented in column three.
Course Specific Student Learning
Objectives (SLOs)

General Education Student
Learning Objectives (SLOs)

How do the methods and
structure of the course provide
students with the opportunity
to meet each aligned pair of
General Education and Course
Specific SLOs?

Submit the Master Course Syllabus (including assessment) in addition to this form to be considered for
General Education approval.

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Signatures
Required
Signatures

Name

Date

Department
Chairperson

Loren F. Selznick

December 16, 2022

By typing my name in the box above, I am electronically signing this form. Dean, ICC Chair, and
President/Designee will sign to indicate approval directly in SharePoint.

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MASTER COURSE SYLLABUS
NORTHEAST Integrated Curriculum Committee

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DATE PREPARED:
October 31, 2022
PREPARED BY:
Loren F. Selznick, J.D., Chairperson
DEPARTMENT:
Accounting and Business Law
a. Program:
Accounting
COURSE PREFIX & NUMBER (without space in-between):
ACCT551
COURSE TITLE:
International Accounting
CREDIT HOURS:
3
RECOMMENDED CLASS SIZE: 28
PREREQUISITES/CO-REQUISITES: ACCT511 Financial and Managerial Accounting
COURSE DESCRIPTION FOR CATALOG:
Provides theoretical and practical applications of accounting investigated from an
international perspective, addresses the different accounting principles and practices
that exist among countries, and examines the influences of economic, political, legal,
and cultural environments on those differences. International Accounting is offered in
the MBA program (accounting concentration).

10.

CONTENT DESCRIPTION: The following areas of study will be included:
1. Financial reporting to members of another culture Diverse roles of Accounting
throughout the world
• History
• Values
• Politics
• Economics
2. International accounting harmonization strategies
• Accounting response to globalization
• International comparability of accounting information
• Culture as determinant of accounting developments
• Cultural pressure for accounting changes
• Cultural obstacles against accounting changes
• Level of enforcement and regulations in countries
• Uses and limits of international accounting practices
3. Global diversity of language and terminology
• Financial reporting in a global setting
• Impact of culture
• Differences between cultures
• Cross-cultural communication
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• Corporate reports across borders
• Analyze, translate, and report financial data generated by multinational companies
• Decisions made by global users
• International financial statement analysis
4. International Convergence of Financial Reporting
• Introduction to International Financial Reporting Standards (IFRS)
• Conceptual Framework: purpose and status
• Presentation of Financial Statements
• Statement of Financial Position
• Statement of Profit or Loss and Other Comprehensive Income, and Changes in Equity
Statement of Cash Flow
• Accounting Policies
• International Financial Reporting Standards (IFRS)
• Inventory
• Property, Plant, and Equipment
• Intangible Assets: Goodwill and R&D
• Current Liabilities, Provisions, Contingencies Leases
• Joint venture accounting Consolidation
• Joint arrangements
• Associates
5. Financial reporting and disclosure to businesses in advanced and developing countries
• Geographic segment reporting
• Cultural impact on operations
• Accounting in developing countries (China, Taiwan, Argentina, Russia)
• Accounting in advanced countries (USA, EU, Australia, Japan)
• Selected country comparison
• Environmental and social disclosures
• Accounting problems focused on an emerging capital market through an interdisciplinary perspective
• Role of financial reporting in emerging capital markets
• Characteristics Availability
• Reliability
• Comparability
6. 11 & 12. TABLE: STUDENT LEARNING OBJECTIVES AND STUDENT ASSESSMENT. Use the
Table below to document the outcomes and assessment for the course. If this is a General
Education course, be sure to complete the second column as well, if it is not a General Education
course, you can leave the 2nd column blank.

Choose an item.

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11. Course Specific Student
Learning Objectives (SLOs)

General Education
Student Learning
Objectives (Complete this
column for GE courses
only)

12. Student Assessment
Include assessment(s) and whether they
are suggested or mandated (e.g., to
comply with accreditation or as a
minimum standard)

1) Report financial information to
members of another culture in
relation to its history, values, politics,
communication styles, economy, or
beliefs and practices.

Discussions, presentations,
written reports, cases, and/or
exams

2) Negotiate a shared understanding
of financial reporting based on
comprehension of the global
diversity of language, terminology,
and format.

Discussions, presentations,
written reports, cases, and/or
exams

3) Identify global reporting problems
with respect to the cultural pressures
for and the cultural obstacles to
international accounting
harmonization strategies.

Discussions, presentations,
written reports, cases, and/or
exams

4) Provide solutions to problems

Discussions, presentations,
written reports, cases, and/or
exams

related to financial reporting and
disclosures in advanced and
developing countries.
5) Implement appropriate and

Discussions, presentations,
written reports, quizzes,
and/or exams

workable solutions to accounting
problems focused on an emerging
capital market through an
interdisciplinary perspective.
6) Analyze and interpret financial

Discussions, presentations,
written reports, cases, and/or
exams

statements by restating the financials
under different assumptions or
accounting methods such as U.S.
GAAP and IFRS.

*Note- Graduate students will be assigned more rigorous cases and projects than undergraduate students.

13. METHODS:
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Face-to-Face Class Setting: Classroom delivery methods can include but are not limited to lectures, class
discussions and participation, case study review, small group activities, student research projects,
student research papers, interactive media, oral presentations, and practice exercises. Students are
expected to read the materials and work on the exercises and problems before they are tested on the
material. This class may be taught in a business computer lab as deemed appropriate by the instructor.
Distance Education Setting: This course may be taught online using synchronous or asynchronous
methods. Software used may include video, presentation, meeting, and hands-on activities. This class
may include a combination of online presentations, case study review, small group activities, student
research projects, student research papers, interactive media, oral presentations, and practice exercises.
A computer (desktop, laptop, tablet, etc.) and internet access are required. Proctored exams may be
required at the discretion of the instructor.
Graduate students will be assigned more rigorous cases and projects than undergraduate students.

14. COURSE ASSESSMENT:
The department will collect assessment results such as exam items, cases, or projects, across all sections of the
course, both distance and in-class learning each semester. The assessment data will assist in identifying changes
needed to the course to ensure greater student attainment of the Student Learning Objectives. The faculty will
review the results of the evaluation and, if warranted, will make appropriate revisions. Information will be
shared with the college and university assessment committees upon request.

15. SUPPORTING MATERIALS- SAMPLE TEXTS (Recommended):
PKF International (2022). IFRS 2022: Interpretation and Application of International Financial
Reporting Standards. Wiley.
Drake, M., Engel, E., Hirst, E. & McAnally, M. L. (2015). Cases in Financial Reporting, (8e).
Westmont, IL: Cambridge Business Publishers.
Indicate possible recommended texts for the course where appropriate, including author/editor, title, publisher, edition, and
date of publication. The style of entry should consistently follow a manual such as Turabian, MLA, APA, or an accepted guide
in a specific discipline.

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