Please note: there may be some adjustments to the teaching arrangements published in the course catalogue for 2020-21. Given current circumstances related to the Covid-19 pandemic it is anticipated that some usual arrangements for teaching on campus will be modified to ensure the safety and wellbeing of students and staff on campus; further adjustments may also be necessary, or beneficial, during the course of the academic year as national requirements relating to management of the pandemic are revised.

International Financial Accounting for Multi-National Companies ACCFIN5024

  • Academic Session: 2022-23
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Semester 1
  • Available to Visiting Students: No
  • Available to Erasmus Students: No

Short Description

The course focuses on company financial statements and guides students through the basics of how accounting data is structured to provide annual financial statements. The course develops these basic ideas which then enables students to develop the ability to interpret this accounting information and to make an informed judgement on the performance of the company.


10 two-hour workshops

5 one-hour tutorials

Requirements of Entry

Please refer to the current postgraduate prospectus at:

Excluded Courses

Financial Reporting & Interpretation (ACCFIN5013)




■ A group essay (20%)

■ An in-course exam (60%)

■ A group project (20%)

Main Assessment In: December

Course Aims

The aim of this course is to facilitate an informed critical understanding of the financial reports of multi-national corporations. The course deals with certain core issues in international financial reporting and does so in fundamental terms to provide students with a working knowledge of accounting statements as prepared using international standards.

Intended Learning Outcomes of Course

1. Identify, explain and evaluate the objectives, qualitative characteristics, purpose and elements of financial statements, and examples of financial accounting in terms of the IASB Framework document.

2. Apply accounting assumptions and principles, identify accounting policies and evaluate the importance of these to the preparation and interpretation of financial statements

3. Calculate, explain and critically analyse important contemporary accounting issues covered by specific international accounting standards, and critically assess their significance for preparation and interpretation of financial statements of multinational companies

4. Show critical awareness of the differences in the treatment of a selection of accounting topics among high quality accounting standards applied in different jurisdictions across the world.

5. Select and perform appropriate analytical techniques to understand and explain multinational companies' financial performance.

6. Work effectively in a team-working environment, demonstrate effective communication and an ability to contribute effectively to group project work.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.