An understanding of International Accounting fundamentals and current issues is in high demand. Companies are seeking professional expertise in the areas of accounting services, compliance, tax regulation, and International Financial Reporting Standards (IFRS). In late fall 2011, the MU School of Accountancy at the Trulaske College of Business began offering a combination classroom/global experience in an effort to give students an edge in understanding the complexities and challenges of today’s global environment from an accounting perspective.
The course began with six weeks of intense classroom coverage in Cornell Hall followed by a trip to Santiago, Chile in December. While on the trip, the 17 graduate-level students in the class participated in professional site visits designed to give students an in-depth understanding of the Chilean economy and the challenges faced in today’s global marketplace.
Students visited the Chilean equivalent of the SEC and AICPA, Banco Santander, PricewaterhouseCoopers, a local university, the principal port of Chile, the U.S. back-office operations of Experian, a NFP organization that aims to stimulate the impoverished community, and a boutique winery with global export operations.
Though the focus of the trip was academic, students engaged in cultural activities as well, including exploring the city, trying new foods, and soaking in the sun in the coastal town of Valparaiso and an excursion to the Andes Mountains.
The School of Accountancy is currently planning next year’s trip, which will include both Chile and Argentina in January 2013.