(FALL 2009)

An elective in the Certificate Programs in Investor Relations and Management of Business Contracts.
This course focuses on recent developments for convergence of international accounting standards. On August 2008, the Securities and Exchange Commission (SEC) voted to develop a "roadmap" for continuing U.S. progress toward acceptance of international financial reporting standards (IFRS) for public companies by 2014. Over 100 of the largest publicly-held companies will be eligible to implement IFRS in 2009. It is anticipated that by 2011, the SEC will evaluate the program to determine the feasibility of mandating the use of IFRS by all U.S. public companies. Through this course, students will be able to understand, and most importantly, apply IFRS in their respective organizations in light of these developments. This course is relevant for those students who are working for non-U.S. companies and for those working for U.S. companies that have subsidiaries in other locations or are considering entering the global marketplace, a practice that is becoming more and more common. International accounting standards are applicable to a wide number of organizations including those listing stocks in non-U.S. stock exchanges. Prerequisites: Fundamentals of accounting and knowledge of US GAAP. See enrollment confirmation for login information. Course syllabus will have the textbook information.

Grace Kalil, M.B.A., is President of KED Group, a project development and finance consulting company in Columbia, South Carolina. She has more than a decade of experience in infrastructure project financing and has served as consultant for the U.S. Trade and Development Agency, the World Bank, Millennium Challenge Corporation and other international organizations. Ms. Kalil has completed projects in over 40 countries worldwide and has assisted a number of emerging country governments in obtaining financing for projects ranging from a technical assistance for equipment leasing in Ghana to a $600 million greenfield airport project in Quito, Ecuador.