Europe International Accounting Global Intensive

The International Accounting Study Program is a unique opportunity to travel and study and gain access to a range of leading business and regulatory leaders in Europe.

Europe: Germany, Poland, Switzerland and UK

This global intensive is suitable for Undergraduate and Postgraduate students, accounting and will be taking place 10 - 29 January 2016.

Students will gain invaluable insights and expand their knowledge of international business and accounting practices. The development of inter-personal skills and self confidence in presentations and speaking with hosts is an invaluable additional benefit of participation.

Singapore

Singapore is one of the world's major commercial hubs, the fourth-largest financial centre and one of the top two busiest container ports in the world for at least the past ten years. Its globalised and diversified economy depends heavily on trade, especially manufacturing, which accounted for around 30 per cent of Singapore's GDP in 2013. Singapore places highly in international rankings with regards to standard of living, education, healthcare, and economic competitiveness. Singapore has one of the highest per capita incomes. The country is currently the only Asian country with a AAA rating from all three major credit agencies - Standard & Poor's, Moody's and Fitch Ratings.

Germany

Germany is the largest national economy in Europe and a founding member of the European Union (EU), the G8 and the G20. In 2014, 28 of the world's 500 largest stock market-listed companies measured by revenue, the Fortune Global 500, were headquartered in Germany.

Switzerland

Switzerland is one of the world's most stable economies, and its policy of long-term monetary security and political stability has traditionally made the country a safe haven for foreign investment.

The United Kingdom (UK)

The United Kingdom (UK) has the 6th-largest national economy in the world, and the 3rd-largest in Europe, measured by nominal GDP. The UK is one of the world's most globalised economies, and is currently the fastest growing of all major developed economies.

Berlin

Berlin is the capital city of Germany and the seventh most populous urban area in the European Union. Berlin is a world city of culture, politics, media, and science, hosting 147 foreign embassies. Many German and international companies have business or service centres in Berlin, while notable companies with their headquarters in Berlin include Air Berlin, Axel Springer AG and Bayer Health Care.

Thanks to its thriving automobile industry, Wolfsburg is one of the richest cities in Germany with per capita income of $128,000 in 2013. Wolfsburg is famous as the location of the headquarters of Volkswagen AG, and for being one of the few German cities entirely built during the first half of the 20th century.

Munich

Munich is the economic centre of southern Germany and has the strongest economy of any German city. Munich holds the headquarters of Europe’s largest engineering company, Siemens AG (a Fortune Global 500 company and one of the 30 German DAX companies), as well as a host of other major corporations including BMW (automobiles), MAN AG (truck manufacturer, engineering), Linde (gases) and Allianz (insurance).

Zurich

Zurich is the largest city in Switzerland and one of the world's great financial centres. The city is home to a large number of financial institutions and banking giants. Most of Switzerland's research and development centres are also concentrated in Zürich, and the low tax rates attract overseas companies to set up their headquarters there. The Swiss Stock Exchange, the fourth most prominent stock exchange in the world, is located in Zurich which also acts as the world's largest gold trading centre.

Lausanne

Lausanne, situated on the shores of Lake Geneva, serves as the headquarters of the International Olympic Committee (IOC) as well as a number of international corporations including Philip Morris International (tobacco) and Tetra Laval (packaging); while Nestlé (a multinational food and nutrition corporation) is headquartered in Vevey, adjacent to Lausanne.

London

London, capital city of England and the UK, is a leading global city with strengths in the arts, commerce, education, entertainment, fashion, finance, healthcare, media, professional services, research and development, tourism and transport. It is one of the world's leading financial centres and is home to the Bank of England, London Stock Exchange and Lloyd's of London insurance market; as well as the International Accounting Standards Board. Over half of the UK's top 100 listed companies (the FTSE 100) and over 100 of Europe's 500 largest companies have their headquarters in central London. Over 70 per cent of the FTSE 100 are within London's metropolitan area, and 75 per cent of Fortune 500 companies have offices in London. The city generates approximately 20 per cent of the UK's GDP, while the economy of the London metropolitan area – the largest in Europe – generates approximately 30 per cent of the UK's GDP. London is the world's most-visited city as measured by international arrivals.

Program

  • Date of overseas tour: Sunday 10 January to Friday 29 January 2016
  • Recommended arrival date: Saturday 9 January 2016
  • Pre Tour Workshop: October/November 2015 TBA
  • Post Tour Workshop: February/March 2016 TBA.

Students travelling with the tour leader’s group, all on the same flight, will depart Melbourne on January 10. If you wish to travel independently before the tour commences, you will need to be in the tour’s first city by January 9.

Students must participate in ALL scheduled activities unless ill, in which case they must obtain a medical certificate as evidence of their illness.

Overseas Course Content/Topics

The program will incorporate visits to the following host organisations:

  • Singapore Airlines
  • Sing Tel
  • ASOS
  • Axel Springer
  • BMW
  • (RPC) Retail Performance Company
  • Wolfsburg VW
  • Deloitte
  • Nestlé
  • Tesco
  • IASB
  • Control Risk

Presentations will be made by key executives on various accounting and business-related topics including the regulation of financial reporting, especially the structure and activities of the IASB; the corporate governance transparency expected of company directors and management; and the global financial crisis, behaviours of securities market agents and IASB responses.

Course content and assessment

You will enrol in the course:

ACCT2190/2191 (Understanding Global Accounting Practices through an International Study Tour)

Assessment tasks may include:

  • Host organisation primer (pre-departure)
  • Learning journal and reflection (while on tour)
  • Participation (while on tour)
  • Major assignment (post tour)

Accommodation

Hotel Name: Orchard Hotel
Street Address: 442 Orchard Road
City, Post Code: Singapore 238879
Country: Republic of Singapore
Phone Number: +65 6734 7766

Hotel Name: Hotel Angleterre,
Street Address: Friedrichstrasse 31,
City, Post Code: D-10969 Berlin,
Country: Germany,
Phone Number: +49 30 202 13 700

Hotel Name: Eden Hotel Wolf,
Street Address: Arnulfstrasse 4,
City, Post Code: D–80335 Munich,
Country: Germany,
Phone Number: +49 89 55 115

Hotel Name: Hotel Glockenhof,
Street Address: Sihlstrasse 31,
City, Post Code: CH-8001 Zurich,
Country: Switzerland,
Phone Number: +41 44 225 9191

Hotel Name: Hotel Au Lac Lausanne,
Street Address: 4, Place de la Navigation,
City, Post Code: CH-1000 Lausanne,
Country: Switzerland,
Phone Number: +41 21 613 1500

Hotel Name: Hotel Interlaken,
Street Address: Hoheweg 74,
City, Post Code: CH–3800 Interlaken,
Country: Switzerland,
Phone Number: +41 33 826 6868

Hotel Name: Park Plaza Westminster Bridge Hotel,
Street Address: 200 Westminster Bridge Road,
City, Post Code: London SE1 7UT,
Country: United Kingdom,
Phone Number: +44 (0) 844 415 6784

Note: Hotels of equivalent standard may be substituted.

The cost of accommodation in 2016 will be:

Offered as one composite amount including or excluding airfares. All inclusive price (airfares, accommodation, all tours, most breakfasts) expected to be $8,415. Cost is based on shared accommodation.

Details of single room costs may be obtained from Holidays On Location.

Further information

Dr Peta Stevenson-Clarke
School of Accounting
Email: peta.stevenson-clarke@rmit.edu.au
Phone: 9925 0363

Laurie Webb
Email: laurie.webb@rmit.edu.au
Mob: 0409 524 984

Applications open

Apply now