AC 320 - International Accounting: Study Tour

(3.00 cr.)

Prerequisite: FI 320 or BH 320 may be taken concurrently. Restricted to junior or senior accounting or business administration majors with cumulative GPA of 2.500 or higher. In a global market place, the need for a deep understanding of how to manage and account for transactions in various currencies and to protect against the fluctuations in the exchange rate is real for any sizable firm. This course provides an opportunity for students to gain a better understanding of topics such as the foreign exchange market, risk management and foreign currency hedging, financial accounting for derivatives instruments, and foreign currencies transactions and translation accounting. A 10-day study tour to China with site visits to global companies in Beijing and Shanghai is included. Written or electronic permission of the instructor. (Spring only)