Modules

Core Module Information
Module title: International Accounting
SCQF level: 10:
SCQF credit value: 20.00
ECTS credit value: 10
Module code: ACC10108
Module leader: Grigoria Chlomou
School The Business School
Subject area group: Accounting and Finance
Prerequisites

Requisites: AND Pre-requisite: Equivalent course overseas, studying: financial reporting; conceptual framework; financial statements; accounting policies etc AND Pre-requisite: [Module ACC09105] Advanced Corporate Reporting
Description of module content:

In this module, you will explore the need for international accounting and investigate the causes of differences between countries' accounting practices. You will further examine the progress of accounting harmonisation and the development of international accounting standards (IFRS). In addition, you will learn about the political aspects of accounting regulation, international financial reporting and analysis practices, as well as topics such as revenue recognition, international taxation, foreign currency translation, and segmental reporting. You will also explore how corporate social responsibility (CSR), sustainability reporting, and socially responsible investing (SRI) are integrated into international accounting practices.Your studies will be complemented by a combination of an individual essay and a centrally timetabled exam. Specifically, you will produce an essay comparing accounting harmonisation between two countries. Finally, the written exam will allow you to reflect on key areas of your understanding.
Learning Outcomes for module:

Upon completion of this module you will be able to

LO1: Interpret, and contrast accounting information at international level.

LO2: Critically examine current developments in the international harmonisation of accounting and financial reporting, including real-life applications.

LO3: Critically evaluate possible solutions to current international accounting issues.

LO4: Demonstrate an awareness, understanding and appreciation of current research.

LO5: Demonstrate writing and research skills while exploring real-life practice.
Full Details of Teaching and Assessment
2025/6, Trimester 2, In Person,
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: In Person
Location of delivery: CRAIGLOCKHAR
Partner:
Member of staff responsible for delivering module: Grigoria Chlomou
Module Organiser:


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)NESH Description
Face To Face Lecture 20 During the lectures, you will understand the core concepts of each topic International accounting topic. You’ll be provided with practical examples to help you understand the each topic and prepare you for deeper discussion and application in the tutorials.
Face To Face Tutorial 20 In tutorials, you will collaborate and discuss in small groups critical questions in the international accounting context. You will also analyse past research related to the lecture topics to support your discussion. These activities will deepen your critical thinking and prepare you effectively for assessments.
Online Guided independent study 160 Each week, you are expected to study the recommended textbook chapters and revisit the lecture notes and lecture tutorial questions and answers. You are also expected to prepare the tutorial questions ahead of the tutorial.
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words Description
Report 40 1~2~3~4~5 Week 11 , WORDS= 2500 words You will be required to submit an individual essay that investigates the potential for accounting harmonisation between two countries. The work should critically evaluate both theoretical and practical dimensions of harmonisation, taking into account possible benefits and limitations, the influences that shape accounting systems and practices, and the actual progress of the selected countries.
Centrally Time Tabled Examination 60 1~2~3~4~5 Exam Period HOURS= 2.5hrs The centrally timetabled examination will cover all topics discussed in class. It will consist of critical thinking questions and will be conducted in an open-book format. Current research consideration is also required.
Component 1 subtotal: 40
Component 2 subtotal: 60
Module subtotal: 100

Indicative References and Reading List - URL:
International Accounting
 

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