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The University of Southampton

MANG6025 International Accounting and Taxation

Module Overview

The module will provide students with an understanding of the nature of accounting practices and taxation of international activities. With respect to accounting it emphasises the importance of a country’s cultural, social, economic, legal and political environment in determining the nature of the rules and regulations which govern its financial reporting practices. In this respect, the problems of financial reporting diversity across countries as a result of the increasing internationalisation of business are explored. Attempts to harmonise/internationalise accounting practices by various international organisations are also examined. Aspects of multinational financial management are also examined. International transactions and organisations provide challenges for both mangers and tax authorities. Taxation can influence various aspects of an organisational including its structure, locations and internal management and control. In this context recent developments in international taxation will be examined.

Aims and Objectives

Learning Outcomes

Knowledge and Understanding

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

  • the differences in accounting systems worldwide;
  • how social, economic and cultural factors lead to differences in accounting systems;
  • the efforts being made to harmonise accounting systems;
  • framework, theories and techniques of foreign exchange risk management;
  • the potential influences of taxation and behavioural responses in an international context.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • work as an effective member of a team;
  • translate foreign financial statements into local currency using appropriate rates;
  • calculate and decide the most cost effective way to hedge against foreign exchange risk;
  • discuss the costs and benefits of International Accounting Standardisation;
  • evaluate the tax implications of international transactions.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • demonstrate problem solving;
  • demonstrate numeracy;
  • demonstrate presentation and oral communication skills;
  • demonstrate working as a member of a team.


• International Classification of Accounting Systems • Comparative Accounting Systems • International Standardisation of Accounting • International Harmonisation of Accounting • Segmental Reporting • Foreign Currency Translation • Introduction to International Financial Markets • Taxation of corporate income • Double Taxation at international level

Learning and Teaching

Teaching and learning methods

This module is taught through lectures, and related seminar discussion groups. The lectures identify the key issues of the course which will be further explored in the seminars through classwork discussion.

Independent Study126
Total study time150

Resources & Reading list

Company websites. These include copies of the annual report, financial statements, and are likely to include other investor information, press releases etc.


Morningstar. The database contains information of UK's top 300,000 companies. View company fundamentals, including charts, ratios, latest news and director biographies.

Miller and Oats (2016). Principles of International Taxation. 

Quality daily and Sunday papers (in particular, the Financial Times). Newspaper

Nexis UK. This is a web-based service giving key business news and financial information on listed companies worldwide, and 250,000 unlisted companies in the UK. It is accessible from the library’s homepage (click on Subject support, Management, Databases and indexes).

C. Deegan and J. Unerman (2006). Financial Accounting Theory. 

CCH online. It contains UK accounting standards, international accounting standards, auditing standards, CCH UK GAAP Guide, Accountancy Magazine and company legislation

D Alexander & C Nobes (2007). Financial Accounting: An International Introduction. 

Accountancy Age.

F.D. Choi and G.K. Meek (2011). International Accounting: International Edition. 

Lymer A & Oats L (2019). Taxation: Policy & Practice, 2019/2020. 

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

C. W. Nobes and R. H. Parker (12th (The 10th and 11th editions will suffice)). Comparative International Accounting. 

For library resources for Accounting and other management subjects.

Blackboard webpage. There is a course Blackboard web page, and you should be registered for this automatically. The course is officially listed as International Accounting and Taxation. The web page will be used for unit information, announcements, e-mail and learning resources. Please refer to the blackboard web page frequently during the semester to access material as it becomes available.

S.J. Gray, S.B. Salter and L.H. Radebaugh (2001). Global Accounting and Control: A Managerial Emphasis. 

FAME. It contains ten years' of detailed financial information on 2.6 million private and public companies in the UK and Ireland e.g. company profiles, profit and loss accounts, subsidiaries and directors and mergers and acquisitions information. It is accessible from the library’s homepage (click on Subject support, Management, Databases and indexes).

James S & Nobes C (2019). The Economics of Taxation. 



Written individual


MethodPercentage contribution
Group presentation  (20 minutes) 30%
Individual Coursework 70%


MethodPercentage contribution
Individual Coursework 100%


MethodPercentage contribution
Individual Coursework  (2 hours) 100%

Repeat Information

Repeat type: Internal & External


Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:


Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the mandatory/additional reading text as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at

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