International Financial Accounting
University of Glasgow
Area of Study
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits5
Recommended U.S. Quarter Units7
Hours & Credits
OverviewThis course examines the main reasons for differences which exist in international accounting practice and explores the extent to which these differences can be eliminated with the move towards convergence of international accounting standards. The aim is to enable students to analyse the similarities and differences in accounting, reporting and regulation around the world, and to introduce the growing body of research into international accounting practices.The aims of this course are:1. To provide students with an understand¬ing of the nature of, and influences on, financial reporting practices in different countries. Emphasis is placed on the importance of a country's cultural, social, economic, legal and political environment, including its history, in determining the nature of the rules and regulations which govern its financial reporting practices.2. To provide students with an understanding of accounting diversity globally and of the processes of harmonisation and convergence.3. To provide students with a critical understanding of the political nature of regulatory bodies such as the IASB, the EU, the OECD and the UN and their efforts to harmonise accounting standards.4. To explore some of the key contemporary accounting issues that the IASB has attempted to address. These issues will change year on year to reflect current important topics as they emerge.The course will also seek to develop more general transferable skills such as electronic search and database skills, team work, presentation skills analysis of accounting statements, group report writing and critical thought.
Courses and course hours of instruction are subject to change.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.