The University of Newcastle, Australia
Not currently offered
Course code

GMBA6002

Units

10 units

Level

6000 level

Course handbook

Description

Effective accounting Is not simply about the processes of keeping financial records of business transactions. Accounting practices can also create significant value for a business by ensuring that management decisions are well-informed, and properly directed towards achieving the goals of the business. Accounting practices are improving with use of new technology, which increases the speed as well as the amount of information available. Accounting processes and information must also meet appropriate professional and international standards for disclosure to shareholders and other stakeholders. Business cycles are shortening but also, with the increase in cross-national business structures and organisations that come with globalisation, becoming increasingly complex. In this context, managers must be confident and capable interpreters of accounting information. In this course, drawing on real examples from around the world, students will gain accounting knowledge to perform in their roles as effective value-creating managers in the global environment.


Availability2019 Course Timetables

Newcastle City Precinct


    Learning outcomes

    On successful completion of the course students will be able to:

    1. Critically examine the principles, practice, preparation and interpretation of financial statements in the global context

    2. Apply accounting and value creation concepts to different countries

    3. Analyse strategic accounting issues, auditing and governance in multinational corporations (MNCs)

    4. Investigate business issues and situations through the effective analysis, evaluation and synthesis of accounting theory and practice


    Content

    This course aims to introduce participants to the rapidly changing world of financial accounting. Accounting is both global and international, and participants will understand not only basic accounting principles and practices but also the current developments and their implications. Topics will include:

    1. Introduction to international accounting
    2. Worldwide accounting diversity
    3. The accounting cycle – transactions and their impact on financial statements
    4. Understanding financial statements
    5. Analysing financial statements
    6. Measuring performance, value creation and the balanced score card
    7. Strategic accounting issues in multinational corporations
    8. Comparative international auditing and corporate governance
    9. International corporate social reporting

    Requisite

    To enrol in this course you must be active in the Master of Business Administration (Global) program (40160).


    Assessment items

    Case Study / Problem Based Learning: Workshop Case Study

    In Term Test: Mid Semester Exam

    Formal Examination: Final Examination


    Contact hours

    Newcastle City Precinct

    Workshop

    Face to Face On Campus 3 hour(s) per Week for 12 Weeks starting in week 1

    This course consists of 36 hours lecturer-guided instruction per teaching period, offered in three hour workshops per week.