Issues in international financial reporting
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| Examination | No residential school |
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This course is available for study in the countries shown.
Summary
This course is part of a specialist programme designed for accountants in industry and commerce who want to broaden their perspectives by adding international accounting and finance knowledge and wider management skills. The course explores the international dimensions of financial reporting to stock exchanges and its regulation, and is a key specialist component within the MSc in International Finance and Management. You will examine the main accounting issues that impact on the analysis and interpretation of financial statements of multinational companies, from the perspective of International Financial Reporting Standards.
Course content
The course deals with both the infrastructure of international financial reporting and the evolution of the technical issues that are critical in preparing auditing or using consolidated financial statements of international groups. It examines briefly the context in which harmonisation and convergence have been pursued and the development of international financial reporting standards. The theory of international financial reporting is explored and illustrated though reviews of technical issues such as pension liabilities and financial instruments. It examines the constraints inherent in reporting to the international financial markets and the needs of financial analysts. The course also considers the corporate governance control frameworks, including the audit committee, statutory auditors, and compliance monitoring, as well as discussing the particularities of international taxation.
Vocational relevance
B853 can be taken as a stand-alone course for continuing professional development (CPD) purposes. As part of the Postgraduate Certificate in International Finance and Reporting (C59) it counts as CPD for a number of professional bodies.
Entry
You can take this course on its own or as part of a postgraduate qualification. It is a core course in our MSc in International Finance and Management (F39) and Postgraduate Certificate in International Finance and Reporting (C59). You will need to hold either a UK honours degree (or equivalent) or a professional accounting qualification that is equivalent to a UK honours degree. The course assumes basic accounting and financial reporting knowledge. If you are taking this course towards the MSc you should first complete the Stage 1 courses and Strategy (B820) and Financial strategy (B821) from Stage 2. You will be exempt from these courses if you have already taken them as part of your MBA or MPA studies with us as long as 60 points of study are unique to your MSc. If you have any doubt about the suitability of the course, please contact our Student Registration & Enquiry Service.
Outside the UK
The course is available to students based outside the UK, and the financial reporting element is based on International Financial Reporting Standards and so is relevant to all EU member states, Australia, New Zealand and Russia.
Qualifications
B853 is a compulsory course in our
- Postgraduate Certificate in International Finance and Reporting (C59)
- MSc in International Finance and Management (F39)
Some postgraduate qualifications allow study to be chosen from other subject areas. We advise you to refer to the relevant qualification descriptions for information on the circumstances in which this course can count towards these qualifications because from time to time the structure and requirements may change.
If you have a disability or additional requirement
Written transcripts of any audio components and Adobe Portable Document Format (PDF) versions of printed material are available. Some Adobe PDF components may not be available or fully accessible using a screen reader. Large print versions of the course materials can be provided on request. Other alternative formats of the course materials may be available in the future. Our Services for disabled students website has the latest information about availability.
You will need to make use of a personal computer and the internet. If you are a new student, or new to courses using a computer or the internet, you will need to inform us of your particular needs as soon as possible, as some of our support services may take several weeks to arrange. Details of how to do this and our range of support services are described in our booklet Meeting Your Needs which you can download or request from our Student Registration & Enquiry Service.
You can also find information about accessible course materials, financial support and the Disabled Students' Allowance, equipment and other services, on our Services for disabled students website. It also includes our contact details for advice and support both before you register and while you are studying.
Course materials
What's included
Texts, online course reader, online forums, course website.
Computing requirements
This course has online computer activities – you can access these using a web browser that can play Flash and Shockwave.
You will need internet access and a computer. If you have purchased a new computer since 2002 it should meet your course computing requirements. Check our Technical Requirements section if your computer is older than this or is otherwise unusual.
Teaching and assessment
Support from your tutor
Because of the specialist nature of this course, tutor support will be provided via an online forum. You will be expected to participate in online forums. Contact our Student Registration & Enquiry Service if you want to know more about study with The Open University before you register.
Assessment
The assessment details for this course can be found in the facts box above.
You will be expected to submit your tutor-marked assignments (TMAs) online through the eTMA system unless there are some difficulties which prevent you from doing so. In these circumstances, you must negotiate with your tutor to get their agreement to submit your assignment on paper.
Students also studied
Students who studied this course also studied at some time:
Future availability
The details given here are for the course that starts in November 2009. We expect it to be available once a year.
How to register
To register a place on this course return to the top of the page and use the Click to register button. For more information and advice about registration see OU Study Explained.
About this page
A postgraduate course in Business and Management.
Study explained
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Student Reviews
B853 is an interesting course for readers of financial statements (or aspiring and with an interest to do so) under ...
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A highly relevant course for those who are in accounting or finance. It is not a course to learn how ...
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