The University of Southampton

MANG3012 International Accounting

Module Overview

Aims and Objectives

Module Aims

This module provides you with an understanding of accounting in an international context and an appreciation of the importance of a country’s cultural, social, economic, legal and political environment in determining the nature of accounting. In this respect, the problems of financial reporting diversity across countries as a result of the increasing internationalisation of business are explored.

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • The development of accounting and the importance of international accounting in the increased internationalization of business.
  • The importance of environmental and cultural factor influencing the development of business and accounting.
  • The reasons for accounting diversity and discuss the problems caused by accounting and financial reporting diversity
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • Oral and written communication;
  • Self-management
  • Problem-solving;
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • Interpret the relative performance of companies from different countries using their corporate annual reports.
  • Evaluate the harmonisation efforts made by various transnational regulatory bodies


Introduction to international accounting. • International accounting and reporting diversity. • International harmonisation of accounting. • Comparative accounting systems. • Problematic issues in accounting and reporting. • Segment reporting. • International auditing. • International aspects of corporate income taxes.

Learning and Teaching

Teaching and learning methods

The module is taught through a combination of lectures (two per week for twelve weeks), classes (once a week), case studies and problem sheets.

Independent Study116
Total study time150

Resources & Reading list

Lee H. Radebaugh L. H. Gray, S. J and E. L. Black. (2006). International Accounting and Multinational Enterprises. 

Nobes, C. and R. Parker. (2008). Comparative International Accounting. 

Lee H. Radebaugh L. H. Gray, S. J and E. L. Black. (2002). International Accounting. 



MethodPercentage contribution
Coursework  ( words) 15%
Exam  (2 hours) 80%
Presentation (Case study)  (0.33 hours) 5%

Linked modules


To study this module, you will need to have studied the following module(s):

MANG2004Portfolio Theory and Financial Markets
MANG2003Financial Accounting 2
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