International Accounting and Financial Reporting module (BU52005)

International accounting is a field that focuses on the comparative and international aspects of accounting and financial reporting, according to global accounting standards. It ensures consistency and comparability in financial reporting across countries, facilitating international business transactions, and fostering transparency in the global marketplace.

This module focuses on the move towards global harmonisation of accounting standards and the impact of leading standard-setting authorities.

What you will learn

The intended learning outcome of the module is to provide knowledge and understanding of the accounting processes that shape international financial reporting regulations and practices.

In this module, you will learn:

• the interpretation of financial statements in an international setting
• the role of the accounting profession and international bodies in the harmonisation of accounting practices
• the application of extant international accounting standards, including disclosure requirements where appropriate
• the main factors which influence accounting rules and practices

You will gain the following subject-specific practical and intellectual skills and attributes:

• critically evaluate research in international accounting
• understand the connections between international accounting and other related fields such as financial management, management accounting, and corporate governance
• synthesise information from various sources in order to develop a comprehensive understanding of the theory and practice of international accounting
• read current articles in leading accounting journals and engage in classroom debates on accounting issues faced by multinational corporations
• apply theory to real-world international accounting practices and gain an appreciation for the challenges involved in applying academic theories to real-world international accounting situations

Assignments / assessment

The assignments comprise of the following:

• coursework: 1000 word essay (20%)
• written exam (80%)

Teaching methods / timetable

The module will be delivered via a combination of on-campus (face-to-face) lectures and tutorials.