International Financial Reporting

The details
Essex Business School
Colchester Campus
Postgraduate: Level 7
Sunday 17 January 2021
Friday 26 March 2021
12 June 2020


Requisites for this module



Key module for

MSC N43112 International Accounting and Banking,
MSC N431PP International Accounting and Banking with Professional Placement,
MACCN440 Accounting and Finance,
MACCN441 Accounting and Finance (Including Placement Year),
MACCN442 Accounting and Finance (Including Year Abroad)

Module description

The module commences with a comparative analysis of the development of national accounting systems. Next the role of the International Accounting Standards Board (IASB) and its impact on financial reporting internationally will be examined in the context of perceived advantages and disadvantages of harmonisation and standardisation. Although the importance of the IASB is primarily seen in the context of capital markets, we will also consider the particular financial reporting needs of developing countries.

The module then considers several country studies, including examples of financial reporting taken from North America, Europe and Japan. Finally the module considers some specific issues related to comparative international financial analysis.

Module aims

The purpose of this module is to provide students with a critical understanding of current issues in international financial reporting

Module learning outcomes

On successful completion of the module, students will be able to:

1. Identify and evaluate the factors which help to explain differences in the main types of financial reporting system in use internationally.

2. Critically evaluate the role of the IASB in promoting international harmonisation and standardisation of financial reporting.

3. Assess the benefits and costs associated with issues such as the increased harmonisation of financial statements.

Module information

No additional information available.

Learning and teaching methods

This module is normally delivered through 2 hour teaching session each week and is a ten week module. Students are expected to study the appropriate readings and review the relevant class topics before the session. These sessions are an important element in developing a critical awareness of the financial reporting literature. n Academic Year 2020-2021, the delivery is likely to be different and involve online learning.


This module does not appear to have any essential texts. To see non-essential items, please refer to the module's reading list.

Assessment items, weightings and deadlines

Coursework / exam Description Deadline Weighting
Coursework   4,000 words coursework      

Overall assessment

Coursework Exam
100% 0%


Coursework Exam
100% 0%
Module supervisor and teaching staff
Mr Md Islam, email:
Mr Md S Islam & Ammar Gull



External examiner

Dr Mohamed Karim Sorour
Northumbria University
Associate Professor of Accounting/ Head of Accounting Subject
Available via Moodle
Of 20 hours, 20 (100%) hours available to students:
0 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).


Further information
Essex Business School

* Please note: due to differing publication schedules, items marked with an asterisk (*) base their information upon the previous academic year.

Disclaimer: The University makes every effort to ensure that this information on its Module Directory is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to programmes, modules, facilities or fees. Examples of such reasons might include a change of law or regulatory requirements, industrial action, lack of demand, departure of key personnel, change in government policy, or withdrawal/reduction of funding. Changes to modules may for example consist of variations to the content and method of delivery or assessment of modules and other services, to discontinue modules and other services and to merge or combine modules. The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications and module directory.

The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.