Accounting is the language of business. In the context of "One Belt, One Road", China is becoming more closely connected with neighboring countries. Currently, more than 80% of the countries along the Belt and Road require all or most domestically listed companies and financial institutions to prepare financial statements in accordance with International Financial Reporting Standards (IFRS). In order to better communicate with the countries along the Belt and Road, it is essential to learn international accounting standards.
The course focuses on the fundamentals of financial accounting under international accounting standards. Specifically, the course begins with a general introduction to concepts, principles, and importance of accounting. Then the course provides an in-depth explanation of accounting practices related to inventories, cash, accounts receivable, long-term assets, current liabilities, long-term liabilities, owners' equity, and cash flow statements. The course is taught in English with bilingual subtitles. Course materials include course videos, PPT, English and Chinese glossaries, exercises, and related cases.
