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1. Explain how international accounting is distinct from domestic accounting.
2. Describe what the term accounting diversity entails.
3. Identify the factors that are contributing to the internationalization of the subject
of accounting.
4. Understand how foreign direct investment activities differ from international
trade and the implications of this difference for accounting.
5. Appreciate, in general terms, the historic development of international accounting.
6. Comprehend the reasons why the study of international accounting is so
important.
7. Identify several internal and external reporting issues that arise when business
and investments transcend national borders.
8. Explain what is meant by global capital markets and what this development means
for capital market participants.

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