Международный учет и анализ


Tatiana A. Garanina, PhD, Senior Lecturer

Graduate School of Management, St.Petersburg University


Yulia Artemieva, Alexandra Ulyashova, Irina Patrusheva,




6,0 ECTS

45 contact hours; 150 student work hours






Aim of the course:


The core objective of the course is to sensitize students to the international dimensions of accounting, financial reporting and financial analysis. The world in which they will pursue their professional careers is a world dominated by global business and investment decisions. As most of these decisions are premised on financial data, knowledge of international accounting and financial analysis is crucial for achieving proper understanding in international business and financial communications. Accounting amounts may vary substantially according to the principles that govern them. Differences in culture, business practices, political and regulatory structures, currency values, foreign exchange rates, business risks, and tax codes must be considered in deciding where and how to do business. It is also very important to be able to analyze and make decisions concerning profitability, operational and financial activity of a company on the base of financial statements. The above mentioned issues are in the focus of the course.


Students have to obtain the following key skills during the course:


  • general understanding of international dimensions in accounting and analysis
  • knowledge of differences and similarities of different accounting standards
  • general understanding of IAS/IFRS
  • knowledge of special issues in international accounting, such as consolidation of financial statements, foreign currency translation, etc.
  • skills in analysis of financial statements and use of results of analysis in financial and investment decision making


Course Content:


Part 1. Foundations of Financial Reporting and Analysis

Topic 1. Introduction to International Comparative Accounting

Topic 2. Introduction to Financial Reporting and Analysis


Part 2. Special Issues of International Accounting

Topic 3. International Accounting Harmonization and Introduction to International Financial Reporting Standards

Topic 4. Reporting and Disclosure Requirements and Practices

Topic 5. Consolidation of Financial Statements

Topic 6. Foreign Currency Translation

Topic 7. Financial Instruments

Topic 8. Issues in Modern Accounting Research


Part 3. International Financial Statements Analysis and Valuation

Topic 9. The Main Methods of Financial Analysis

Topic 10. Analysis of the Balance Sheet

Topic 11. Analysis of the Income Statement and Cash Flow Statement

Topic 12. Analysis of Profitability and Value Creation

Topic 13. Equity Analysis and Valuation

Topic 14. Final Issues and Conclusions


Teaching methods 

Lectures, seminars, practicum, project, group work, exercises, home and class assignments 


Course Reading:


Required reading:

  1. Choi F., Meek G. International Accounting. 5th Int.ed. Prentice Hall/Pearson Education, (2005).
  2. Subramanyam K.R., Wild J.J. Financial Statement Analysis. 10th Int.ed. McGraw-Hill, 2009.

Optional reading:

  1. Doupnik T., Perera H. International Accounting. McGraw-Hill, 2007.
  2. Epstein B., Mirza A. Wiley IFRS: Interpretation and Application of International Financial Reporting Standards. John Wiley & Sons, 2006.
  3. Nobes C., Parker R. Comparative International Accounting. 5th ed. Prentice Hall Europe, 1998.
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