BE134-6-AP-KS:
International Accounting
2020/21
Essex Business School
Kaplan Singapore
Autumn & Spring
Undergraduate: Level 6
Current
Thursday 08 October 2020
Friday 26 March 2021
15
14 August 2019
Requisites for this module
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This module is concerned with accounting and financial analysis in a global context, and considerable attention is focused on the accounting practices of a wide range of countries. The module begins with a discussion of the problems involved in the classification of national accounting practices and understanding how these practices develop over time. This leads on to a discussion of the benefits and costs associated with recent initiatives to promote international harmonisation of accounting practices.
Discussions also cover the emergence of International Accounting Standards Board (IASB), the organisation of the IFRS Foundation, and the standards setting procedures. Next a comparative analysis is made of accounting practices in a number of countries covering USA, Australia, European Union, France, Germany, Japan, and countries of the developing world. Finally the module considers some specific issues related to international financial analysis, environmental accounting and reporting, and international public sector accounting.
This module aims at providing an understanding of contemporary issues in international accounting and theorising the changes taking place in this field. The module offers a critical analysis of ongoing development in accounting convergence referring to earlier accounting classifications, power and politics in standards setting activities and regulating environmental and public sector accounting. Group work, presentation and case studies are integral components of this module.
On successful completion of the module, students will be able to:
• Describe the distinguishing features of some of the main types of accounting system in use internationally. This includes the accounting systems of the US, Australia, Japan, EU, Germany, France, and developing & emerging nations
• Assess the benefits and costs associated with issues such as the increased harmonisation of financial statements
• Understand the core reasons for on-going convergence with International Financial Reporting Standards and the challenges in achieving convergence
• Comprehend the on-going developments in international public sector accounting
• Analyse the importance of environmental accounting and reporting
• Understand international financial analysis.
Skills for Your Professional Life (Transferable Skills)
This module is specifically designed to provide students with a set of transferable skills which will be applicable in their professional life. In particular, the module seeks to support students to:
• Identify and critically evaluate key features and arguments in international accounting
• Develop a range of skills and techniques enabling them to analyse issues in international accounting and finance
• Communicate effectively orally and in writing, in presentations and essays
• Develop problem solving skills relating to international financial accounting issues
• Work effectively as part of a team (team working skills in developing a case study and presentation)
• Work under pressure independently and effectively to meet deadlines (time keeping skills)
A set of topics relating to the lecture will be provided at the end of each lecture. These topics will be reviewed in the following week's lecture. The topics have been chosen in order to help with your assignment and exam preparation. It is therefore important to read the relevant sources as the module progresses. A good understanding of these references will help develop a critical awareness of the international accounting literature. As the module progresses, lecture notes and power point slides will be made available on Moodle.
Teaching takes place during weeks 16 to 25 of the Spring term. A revision lecture will be organised in the summer term. The module will be delivered by:
* 10 two hour lectures: Weeks 16-25, Spring term
* A revision lecture in week 31
A set of topics relating to the lecture will be provided at the end of each lecture. These topics will be reviewed in the following week's lecture. The topics have been chosen in order to help with your assignment and exam preparation. It is therefore important to read the relevant sources as the module progresses. A good understanding of these references will help develop a critical awareness of the international accounting literature. As the module progresses, lecture notes and power point slides will be made available on Moodle.
This module does not appear to have a published bibliography.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Prof Pawan Adhikari, email: padhik@essex.ac.uk.
Pawan Adhikari
ebsugcol@essex.ac.uk
No
No
No
No external examiner information available for this module.
Available via Moodle
No lecture recording information available for this module.
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