Global Accounting and Multinational Enterprises

Module code: 6ACCN001W
Faculty: Westminster Business School
Credit Level: 6
Credit value: 20
Available to: Westminster Business School students only, however students on some courses are unable to choose Westminster Electives  – see list of exemptions. Please note elective modules are subject to availability.

This module will provide you with a systematic understanding and appreciation of the principles and practices underlying global financial accounting, and the key accounting issues faced by multinational companies. You will explore the diversity in global financial accounting, and evaluate the arguments for the international accounting standards convergence project. You will consider the accounting issues faced by multinational companies, including foreign currency transactions and translation, business combinations, international segment reporting, transfer pricing, taxation, and wider corporate governance. In addition, current developments in international accounting will be examined. Reference to real-world industry cases will enhance your appreciation of the practical application of the theory, knowledge and understanding gained.

Teaching and learning methods involve a mixture of lectures, seminars and workshops. The workshops and seminars will be used to engage you in debate, and the use of sources from real-life companies and contemporary events will illustrate international financial accounting in practice. Assessment will be based around a one-hour, closed-book class test, and a final exam (two and a quarter hours). The in-class test is designed to assess your understanding of the core principles of international accounting, as well as to guide your study and identify your strengths and weaknesses before the final exam.

This module will only be available from 2017/18 academic year.