Not available in 2013/14
AC470      Half Unit
Accounting in the Global Economy

This information is for the 2013/14 session.

Teacher responsible

Dr Andrea Mennicken and Dr Kazbi Soonawalla


This course is available on the Diploma in Accounting and Finance, MPA in European Public and Economic Policy, MPA in International Development, MPA in Public Policy and Management, MPA in Public and Economic Policy, MPA in Public and Social Policy, MSc in Accounting and Finance, MSc in Accounting, Organisations and Institutions, MSc in Development Management, MSc in International Political Economy, MSc in Law and Accounting, MSc in Management and Regulation of Risk, MSc in Management and Strategy and MSc in Risk and Finance. This course is available with permission as an outside option to students on other programmes where regulations permit.

Course content

This course examines the fast changing practices and institutions of accounting in the global economy, with a particular emphasis on the roles of accounting in global financial governance. International accounting and auditing standards have been advocated as a way of enhancing global financial stability, so as to stimulate the flow of cross-national investment, expand the scope for market-oriented development, and integrate local enterprises into global financial markets. This course critically examines dynamics of international standard-setting and consequences for financial statement users, business entities and wider local and global stakeholders.


18 hours of lectures and 8 hours of seminars in the MT. 2 hours of lectures in the ST.

Formative coursework

Students are required to write an assessed essay of 3,500-4,000 words, to be submitted after the Christmas break. This written work forms 40% of the assessment. Individual feedback will be given on essay outlines. Further readings, exercises and case studies are set for class discussion each week.

Indicative reading

Camfferman & Zeff, Financial Reporting and Global Capital Markets: A History of the International Accounting Standards Committee (Oxford University Press, 2006); Chapman, Cooper & Miller, Accounting, Organizations and Institutions (Oxford University Press, 2009); Djelic & Quack, Transnational Communities: Shaping Global Economic Governance (Cambridge University Press, 2010); Bowden & Seabrooke, Global Standards of Market Civilization (Routledge, 2006); Roberts, Weetman & Gordon, International Corporate Reporting: A Comparative Approach (Prentice Hall, 2008); Nobes & Parker, Comparative International Accounting (Prentice Hall, 2012); Walter, Governing Finance: East Asia's Adoption of International Standards (Cornell University Press, 2008); Walton & Aerts, Global Financial Accounting and Reporting (Cengage, 2009).


Exam (60%, duration: 1 hour and 30 minutes) in the main exam period.
Essay (40%, 4000 words) in the lent term.

Key facts

Department: Accounting

Total students 2012/13: 38

Average class size 2012/13: 13

Value: Half Unit

Guidelines for interpreting course guide information

Course survey results

(2010/11 - 2012/13 combined)

1 = "best" score, 5 = "worst" score

The scores below are average responses.

Response rate: 82%



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