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Unit information: International Financial Accounting in 2015/16

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Unit name International Financial Accounting
Unit code ECONM2028
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Professor. Ellwood
Open unit status Not open




School/department School of Economics, Finance and Management
Faculty Faculty of Social Sciences and Law


This unit introduces the core accounting area of international financial reporting. The aims are:

  • To enable students to understand and critically evaluate the published financial statements of businesses reporting under international financial reporting standards.
  • To provide an appreciation of the accounting behind the financial statements, the major issues and the regulatory environment.
  • To introduce students to the preparation of group accounting statements and accounting in a multinational context.

Intended learning outcomes

On successful completion of this unit a student will be able to:

  • Demonstrate awareness of the structure of accounting regulation
  • Show understanding of the IFRS conceptual framework
  • Critically discuss and apply the main accounting standards
  • Make accounting judgements and produce accounting statements suitable for publication
  • Demonstrate how the accounting statements for groups of companies are produced

Teaching details

Lectures and tutorials

Assessment Details

Formative assessment:

Each student prepares material for weekly tutorials. Two pieces of work are submitted for marking and feedback.

Summative assessment:

3 hour exam 100% which tests the learning outcomes specified above

Reading and References

  • Melville, A. (2011), International Financial Reporting, Third Edition, FT Prentice Hall ISBN 978-0-273-75815-0
  • Walton, P. and Aerts, W. (2009), Global Financial Accounting and Reporting

Second Edition South Western Cengage Learning ISBN-978-1-4080-1772-2