International Financial Accounting (in English)
Universidad Pablo de Olavide
Area of Study
Accounting, Finance, Peace and Conflict Studies
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
The course aims to provide students with the knowledge required for a general
understanding of Financial Accounting Statements, comparing International Financial
Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP)
currently used in the United States.
Financial accounting is, broadly considered, the communication of information about a
business or other type of organization so that individuals or other users of the information
can make right decisions. There are several reasons why students should enroll in an
Accounting Course. Accounting is often call the ?language of business?, and deals with the
interpretation of a firm?s operations and finances, being a guiding force to sound
management decisions, helping business to grow and flourish by allowing to make solid
Accounting is not only important for business. An accounting background is important
given the fact that it can be applied in all job posts. And people use accounting in their
daily lives: when they study financial statements to make investment decisions, assess
interest rates to repay their degree loans, or calculate rates for car payments. As a
graduate, you might be for instance interested in determining which of the companies you
are applying for have a brighter future.
Success in both business and life is usually a result of choosing wisely. Many personal
and economic choices depend on the ability to understand and make proper use of
financial information. You have to be familiar with it, since today?s world is ruled by
A previous Financial Accounting course is recommended (Not compulsory).
Course Goals and Methodology
International Financial Accounting will cover the basic concepts underlying financial
statements. For this purpose a general introduction to accounting principles will be first
provided. International Financial Reporting Standards (IFRS) used in many countries
around the world will be compared with generally accepted accounting principles (GAAP)
currently used in the United States. On a practical approach, current economic, business,
and global events will be linked to accounting issues. Competencies such as teamwork
and ethical behavior will be developed within this course. At the completion of this course,
student will have a basic knowledge of accounting terminology, being able to understand
how the information provided by financial reports affects the decision making of users such
as investors, creditors and managers.
On completion of this course students should be able to:
- Master the accounting and financial language and terminology.
- Comprehend basic accounting and information disclosure characteristics.
- Describe business disclosure practices.
- Basically interpret financial information.
- Use Information Technologies to access and review financial accounts and other
corporate reports, as well as the information disclosed from several institutions and
regulatory and standardization bodies
- Acquisition of basic skills for developing and preparing financial statements and other
business disclosure tools.
- Demonstrate ethical, oral communication and team working skills.
There is not a single text covering the topics of this course. Thus, it is not required any text
book. Throughout the course various handouts (Specific Book Chapters, Readings,
Glossaries,?) will be made available at the Virtual Classroom.
General Course Policies
Please keep your cell phones in silent at all times, and avoid their use except as a
Strictly no food to be consumed in class.
Course Requirements and Grading
A previous Financial Accounting course is recommended (Not compulsory).
To assure the students? efficient learning and participation in the course it is advised to
handle Accounting Standards and the recommended bibliography.
During office hours, students may check homework solutions, ask questions, and discuss
any other aspect of the course with the lecturer. Please take advantage of this resource. If
these hours conflict with your schedule, arrange to meet with the lecturer at a time that is
Regular attendance and class participation are expected of all students. Because the
course covers a great deal of material, attending every class session is very important for
performing well. Also, students are expected to make a meaningful contribution to the
class, whether by asking questions, responding to questions, or contributing in other ways
to class discussion.
Please find more information about class timetable, tutorials, and class materials (slides,
exercises, documentation, etc) on the Virtual Classroom. Students are expected to use the
course?s Virtual Classroom (Blackboard Learn) on a regular basis.
Your final grade will be calculated according to the following system:
? 25% mid-term exam
? 30% final exam
? 30% final project
? 15% Class participation, quizzes and extra assignments
Quizzes or similar assignments will be given to make sure that you are on track.
Quiz/presentation/exam dates will not be changed under any circumstances.
At the beginning of the course the assignments that students will need to complete as part
of the course, alongside with their deadlines, will be duly announced in the Virtual
Classroom. A rubric for assessment purposes for each assignment / quiz / project will also
be duly announced.
Sessions will usually start with a group meeting, sharing the doubts that have arisen in
homework activities. It is key to have serious and honestly written down these doubts,
which is a specific activity in the Learning Schedule.
Students will work in groups to prepare an article summarizing the main contents of
sections of units 1 to 4 and Unit 5, also preparing to present their work to their classmates.
The main goal is to bring students involved in the learning process of the competences
and knowledge from those units, helping them to learn some of the main skills included in
the course syllabus.
Besides, target aptitudes to be developed by the student include:
? Acquire the ability to reason critically.
? Develop participatory habits.
? Develop written and oral communication skills.
? Build IT skills.
Students will be split into several groups. The five-six students making up each group will
be chosen at random by the Lecturer and announced in the Virtual Classroom. The article
instructions are the same for all groups, although the instructor may ask groups to answer
to different questions.
Each group will:
- Prepare two articles, one for each presentation, according to the instructions that the
lecturer will provide, briefly showing their contents according to both IAS and US regulation
(when applicable), explaining the nature and purpose of the Statements assigned, as well
as it uses and limitations for decision-making purposes. The lecturer will announce in the
Virtual Classroom the groups? composition as well as the topic of the article.
- Have freedom to organise their work as they want, the only restriction being a limited
time of 4 hours of individual work by each member for the first submission and 8
hours of individual work by each member for the second one. It is then advisable to
carefully schedule all the activities to be done.
- Prepare a job blog, detailing all activities undergone by the group (Such as group
meetings, task assignment, group organization and fulfilment of individual activities).
- Search for additional information or resources (besides the materials provided by the
lecturer) and engage in any activities needed in order to properly prepare the article (only
restriction being the time one).
- Prepare the articles? presentations, which will take place at the final sessions of the
Each student will also prepare a short essay (not more than 300 words) reflecting on
what and how have they learned in this group project.
The submission?s schedule will be available after the third week of the course.
Final Project Topics
1. Notes to the Financial Statements
2. Director?s Report
3. Intermediate Financial Statements
4. Segment Reporting
5. Auditor?s Report
6. Sustainability Report
7. Corporate Governance Report.
Attendance and Punctuality
Attendance is mandatory. More than 3 unexcused absences will result in the lowering of
the final grade. Students with more than 2 such absences may not challenge the final
grade received. Punctuality is required ? lateness will be penalised by 0.5 (over 15 mins)
or 1 absence (over 30mins).
Academic integrity is a guiding principle for all academic activity at Pablo de Olavide
University. Cheating on exams and plagiarism (which includes copying from the internet)
are clear violations of academic honesty. A student is guilty of plagiarism when he or she
presents another person?s intellectual property as his or her own. The penalty for
plagiarism and cheating is a failing grade for the assignment/exam and a failing grade for
the course. Avoid plagiarism by citing sources properly (using footnotes or endnotes and a
Students with Disabilities
If you have a disability that requires special academic accommodation, please speak to
your professor within the first three (3) weeks of the semester in order to discuss any
adjustments. It is the student's responsibility to provide the International Center with
documentation confirming the disability and the accommodations required (if you have
provided this to your study abroad organization, they have most likely informed the
International Center already but please confirm).
Students are expected to show integrity and act in a professional and respectful manner at
all times. A student?s attitude in class may influence his/her participation grade. The
professor has a right to ask a student to leave the classroom if the student is unruly or
appears intoxicated. If a student is asked to leave the classroom, that day will count as an
absence regardless of how long the student has been in class.
Unit 1: Communicating accounting information.
Unit 2: Balance Sheet.
Unit 3: Income Statement.
Unit 4: Cash Flows Statement
Unit 5: Other financial statements
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations