International Financial Accounting for

Multi-national Corporations

ACCFIN 5024
Introduction
ILOs
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. 
 IFA for MNCs Teaching Plan
Weeks Units and Topics Lecturer Live Q&As Workshops Assessment
1 Unit 1.1 Conceptual framework;  Dr Sisi Zou  Tuesday    
basic statements
(1pm-2pm)

2 Unit 1.2 Basic Statements; accrual Dr Sisi Zou N/A Check  

basis; Revenue timetable
3 Unit 2.1 Property, Plant, and  Dr Sisi Zou  Tuesday  Check  
equipment; Investment Properties timetable
(1pm-2pm)

4 Unit 2.2 Inventory; Accounts  Dr Sisi Zou  N/A  Check  

Receivable timetable
5 Unit 2.3 Intangible Assets; Business  Dr Sisi Zou  Tuesday  Check Group essay
Combination timetable
(1pm-2pm)
6 Unit 2.4 Consolidation  Dr Sisi Zou  N/A  Check  
timetable
7 Unit 3.1 Cashflow Statements  Dr Sisi Zou  Tuesday  Check  
timetable
(1pm-2pm)
8 Unit 3.2 Financial Analysis  Dr Sisi Zou  N/A  Check  
timetable
9  Revision  Dr Sisi Zou  Tuesday  Check  
timetable
(1pm-2pm)
10      In-course exam  
(untimed)
Assessment
The assessment will be:

An individual essay to be submitted in week 5, which accounts for 20%;

An in-course exam to be sat in week 10, which accounts for 60%;

A group project to be submitted in week 13, which accounts for accounts for 20%.
Teaching Team
Course Co-ordinator:
Dr Sisi Zou

Lecturer:
Dr Sisi Zou
Sisi.zou@Glasgow.ac.uk

Office hour:
Every Friday from 12pm to 13pm on Zoom.