Global Business Institute London: International Accounting Issues

Welcome to the Global Business Institute (GBI), your opportunity to study and practice business. GBI prepares you for the business world through coursework that advances your degree, offers out-of-the-classroom experiences that create cultural competence, and internship opportunities that provide you with transferable workplace skills.

A global center of finance, London offers an unparalleled setting for studying international accounting practices and issues. A Pitt Business accounting faculty member will teach your accounting course, which will focus on the IASB and the ways in which global companies are tackling real-work accounting issues. Learn the Underground as you commute from your flat in a London neighborhood to your part-time internship for credit or take advantage of the other course offerings, which are taught by British faculty from world-renowned institutions throughout the city.

The GBI London Accounting Issues program is a partnership between Pitt Business and the University of Pittsburgh Accounting Association (UPAA), and priority acceptance into this program is given to active UPAA members. Learn more about UPAA here!

Want to learn more? Check out the Pitt Business To the World student blog and this video. 

 

What You'll Accomplish

As an engaged and active participant in this program, you will have the opportunity to develop: 

  • your application of the U.S. and international accounting standards in a global environment
  • global competency skills through coursework, internship opportunities and cultural experiences. 
  • transferrable skills towards your professional and personal development by participating in an internship. 

 

If your first thoughts of London are the Royal Family and Downton Abbey, prepare to be blown away by what else London has to offer.  English history and culture are juxtaposed against streets filled with black cabs and lined with ethnic restaurants from Algerian to Indian to Vietnamese.  The birthplace of the English language is now home to speakers of more than 30 languages – and that doesn't count the variety of English accents you will hear.  Skyscrapers tower over 17th-century buildings while Big Ben overlooks the River Thames. 
Study abroad at GBI London and you find yourself constantly surprised by what you discover in one of the world’s most diverse global cities.

Where You'll Live

Part of the experience is to live like a Londoner. The overwhelming majority of students choose to live in shared apartments – the English call them flats – spread across the city. While apartments are as varied as the city itself and no two flats are alike, all of them are located in safe neighborhoods and secure buildings. Regardless of where you live, you can expect a 45- to 60-minute commute to the CAPA Center.  We’ve got your commute covered with an unlimited pass for Zones 1 and 2 on the London Underground.
You can expect the following:

  • Shared bedrooms (2 or 3 students/bedroom, single bed or bunk bed)
  • Bedding, but need to bring your own towels
  • Shared bathroom
  • Shared kitchen 
  • Internet access (for general browsing, but not meant for heavy downloading or streaming)
  • Coin operated laundry 
  • It is not typical for UK residences to have air conditioning or dryers

Please note that meals are not included in the program fee.
You will receive your address, roommate information, and neighborhood description about 2 weeks before your departure for London.
 
We do our best to provide the most accurate information about housing and amenities but due to the nature of the locations in which we offer programs and limited availability, these items are subject to change.  Contact your program manager with any questions.
 
If apartment living does not appeal to you, homestays are also an option.  Email your Pitt program manager for more information. 

What You'll Study

On this program, you will complete 6 credits in total, including the mandatory course and one additional three-credit course (see list below) or a three-credit internship.Information about how the courses on this program count towards general education requirements for different schools and campuses can be found below:
Summer
You must have completed BUSACC 0030 Financial Accounting and BUSACC 0040 Managerial Accounting with a grade of “B” or better to participate in the program. If you are at the end of your freshman year, you will enroll in BUSACC 1250 Survey of International Accounting Issues and the IASB and one other three-credit course. If you are at the end of your sophomore year, you will enroll in BUSACC 1250 Survey of International Accounting Issues and the IASB and one other three-credit course or a three-credit internship.

Business International Internship (BUS1910)

This is a part-time internship (20 hours per week). In addition, you will attend weekly discussion-led sessions that include educational support and mentoring in a classroom environment, develop personal and professional skills, and learn to contextualize your internship experience socially and culturally. You will receive 3 credits for this course.
Please note internships are available for students who have successfully completed three semesters of coursework at Pitt or a transfer university as a degree-seeking student. 

Survey of International Accounting Issues and the IASB (BUSACC1250)

This financial accounting elective focuses on exposing students to the international accounting standards setting process and the study of the application of international accounting issues in business. Learning will take place through a mix of classroom time as well as experience based learning opportunities, with each weekly class focused on an accounting issue and a related site visit experience with a company working on the accounting issue. Participation requires a good understanding of the accounting process and an interest in the global business environment.
Prerequisites: completion of BUSACC 0030 Financial Accounting and BUSACC 0040 Managerial Accounting with a grade of 'B' or better.

International Marketing (BUSMKT1461)

Fulfills a marketing major elective for Pitt Business students.
This course reflects the increasing amount of international marketing carried out by a wide and diverse range of organizations. Starting with why organizations may wish to expand their activities across national boundaries, students develop knowledge to identify which markets to enter, the methods of market entry available, and the management and control implications. The student will be encouraged to perceive the role of a global marketing manager, and to make decisions that could affect the outcome of a global marketing plan. This includes the international marketing environment and the international marketing mix, namely product, pricing, distribution and promotion, as well as emerging issues in international trade such as trading blocs, trade barriers, and the standardization versus customization dilemma.

International Dimensions of Organizational Behavior (BUSORG1655)

This course fulfills a core requirement for the Certificate in International Business and the global management major. This course also fulfills the human resources major elective.
Provides an introduction to organizational behavior in a global context. Emphasis is on applying core organizational behavior concepts such as leadership, motivation, and group processes, as well as more contemporary topics such as cultural diversity and expatriation, to workers in Europe, Asia, and the Americas. Develops an understanding of culture and cross-cultural differences and an awareness of the key skills needed to interact effectively in cross-cultural settings.

Introduction to Shakespeare (ENGLIT0580)

For a portrayal of the variety and depth of human emotions, Shakespeare has never been equaled. In this course, a selection of plays will be studied in depth, with equal focus on the genres of comedy, history and tragedy. Through visits to Shakespearean plays in performance, to the Globe theatre workshop, and through guest speakers, the plays will be examined not only textually but also as living plays that tell us as much about modern identity as the development of the early modern identity. Students will examine the notion of Shakespeare as 'timeless' to understand how vitally he moves from the concerns of his day to ours. This course requires an addition $70 fee to cover the cost of theatre tickets while in London.  You will pay this via credit card upon arrival.

Post-war Pop Culture in Britain (ENGLIT1760)

This course will look at some key theories of popular culture, and include case studies of selected examples from the British Isles since 1945. Popular culture versus subcultures will be examined. The main aim will be to enable students to think independently about this topic. The course will include study visits to galleries, museums and other sites as an important learning experience. This course aims to draw in the students' previous educational and life experiences of culture and history, including oral cultures, popular and ethnic cultures and social and religious movements. It will compare British and American experiences of popular culture, the differences, similarities and cross-influences.

Writing the City - London (ENGWRT1200)
West European Government and Politics (PS1311)

Where and what is Europe? Who are the Europeans? What is Europe's future? "Europe" has been a cultural idea that European elites have struggled to impose on the chaotic diversity of their continent. How has the concept "European" been defined historically, and in relation to whom? This interdisciplinary course addresses these fundamental questions of politics, geography and identity by tracing the history of "Europe" as a political concept and the cultural, political and economic factors that have shaped modern European countries. Such issues have been brought into close focus by the implications of European integration, destabilising assumptions about the territorial extent of Europe and the scales at which government, sovereignty and citizenship should operate. This course outlines the contemporary structures of the European Union and also investigates the various processes that have made Europe such a distinctive, dynamic and highly varied region. It also examines the historical roots of current tensions between - and within - the nation-states of Europe, such as ethnic nationalism, the legacy of imperialism and the politics of remembrance, and demonstrates how they continue to shape European politics today.

Child Development in a British Context (PSY1050)

This course investigates the aims and principles of developmental psychology as a scientific discipline, and describes the methods used to obtain knowledge about children and their development. Issues such as children's early attachments, the development of the self, the emergence of consciousness, and the role of play are examined, with an emphasis on the role of education and child care practices and policies in the UK in shaping children's development.

Analyzing and Exploring the Global City -London (URBNST1410)

This interdisciplinary course focuses on the modern development of one of the world's most significant global cities in comparative context. It examines London's changing identity as a world city, with a particular emphasis on comparing the city's imperial, postcolonial, and transatlantic connections and the ways in which past and present, local and global intertwine in the capital.

Experiential Learning Description

Please note that internships are available for students who have completed three semesters of coursework at Pitt or a transfer university as a degree-seeking student.
More than 75 percent of GBI: London students complete an internship, and with good reason. An international internship is your opportunity to create a stand-out resume, and you will be challenged to apply your coursework to the work world, acquire cultural competence, and create professional connections that can last a lifetime.  Not only will your LinkedIn profile get a boost, but your marketability to future employers will too.
Internships in GBI: London are 20 hours per week, excluding commuting time.  In addition to workplace experience, you will also meet with peers and faculty for internship seminars to help you get the most out of the experience.  Internships are always unpaid, always for three credits, and always pass/fail.
You can sign up for an internship regardless of your major as a part of the application process. Keep in mind that you will not know what your internship placement is until 14 days before departure.  While this may seem like a long time to wait, keep in mind that our partners are searching for an internship just for you. Your past experiences, coursework, and desired placements areas are all taken into account.  This kind of personalized service takes time but is well worth the wait. 

Pitt runs this program in partnership with CAPA: The Global Education Network. For more than 45 years CAPA: The Global Education Network has worked with institutions of higher education to build programs that meet students goals for learning abroad. 
The CAPA London Center is housed in 2 connected Victorian townhouses in the Royal Borough of Kensington and Chelsea, and their staff will be there to assist with any questions or challenges through out the program. 

Your Pitt Study Abroad Contacts

Arielle Schweber

Bonjour! I’m the International Programs Manager for Pitt Business. I’m originally from New York but have spent some time in France, as I have dual nationality. I’m new to the city and university, but I can’t wait explore my inner yinzer! Since high school, I have participated in short and long term study abroad programs.  My first stop was in Spain, then a semester in France and finally two short term programs in Cuba and India. Outside of the office you can find me exploring new restaurants, biking, skiing, watching HGTV or planning my next adventure! My hope is for every Pitt student to study abroad. You can get in touch with me at aschweber@business.pitt.edu or 412-383-7489.

 

Items Billed by Pitt

  In-State Out-of-State
Tuition $4,656 $4,856
Program Fee $4,343 $4,343
Study Abroad Fee $300 $300
Total Billed by Pitt $9,299 $9,499

Estimated Additional Out-of-Pocket Costs

Airfare $1,000 - $1,200
Personal Expenses and Meals $1500 - $3,000
Local Cell Phone $100
Visa (interns and non-US citizens) $500
   
   

Total Estimated Program Cost

  In-State Out-of-State

Total Estimated Cost of Program
(Includes items billed by Pitt and additional expenses)

$11,399 - $13,099 $11,599 - $13,299

 

What's Included

As a part of your GBI London: International Accounting Issues fee, the following are included in the program:

  • Tuition for 6 credits
  • Housing
  • Orientation in London
  • Cultural Events and Activities
  • An Unlimited Tube Pass for Zones 1 and 2
  • Excursions to Stonehenge and Bath and Stratford-upon-Avon
  • International health Insurance
  • Membership to the University of London at Imperial College Student Union
When You'll Go

The summer semester starts on Wednesday, May 20, 2020. Please note that because of the time difference you will need to depart the US no later than Tuesday, May 19, 2020.

What Else You Need to Know

All students are required to attend the mandatory Agreement Meeting.  This afternoon long event will cover important topics relevant to study abroad like health, safety, security, and more.  Plus, it will give you the chance to meet other students studying abroad on your programs!  Alumni and staff will also be present to help you start thinking about your goals for the program. Your program manager will follow up with more information once you begin your application! 

Scholarship Information

For scholarship opportunities, be sure to check out the Pitt Study Abroad page.  

Pitt Business students may also apply for additional scholarships through the Pitt Business International Scholarships here, as well as crowdfund using the Pitt Business Fund My Travel page. Please note that the application deadline for the Pitt Business International Scholarship is the same as the program application deadline.