Module Details

BE155-7-SP-CO: International Financial Reporting

Year: 2017/18
Department: Essex Business School
Essex credit: 20
ECTS credit: 10
Available to Study Abroad / Exchange Students: No
Full Year Module Available to Study Abroad / Exchange Students for a Single Term: No
Outside Option: No

Supervisor: Dr John Stittle
Teaching Staff: Dr John Stittle
Contact details: Tel: 01206 874860 Email:

Module is taught during the following terms
Autumn Spring Summer

Module Description

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

Learning Outcomes

After completing this module the student will be expected to be able to:

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

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

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

Learning and Teaching Methods

This is a ten week module.
There will be a two hour teaching session each week.

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.


100 per cent Coursework Mark


One 4,000 word (maximum) take-home assignment

Other information

This module is compulsory for:

MSc in International Accounting and Banking

Postgraduate Administrator - Jade D'Mello

Further information