Corporate Accounting in Chicago

Key Information

Information

Application Deadline: 13/02/23 at 9:00 am

Opportunity type: Academic-led trips

Faculty: Business and Law

Ref: 10007212

Dates

Departure Date: 12/06/23

Return Date: 16/06/23

Costs

£1150: the estimated cost for travel and accommodation (excluding DMU Global funding). Students will also be required to pay for: UK and in-country transfers, optional City Pass (£110), food and drink, ESTA (£12)/visa

Funding

DMU Global Bursary: £400

Booking

Accommodation: Shared rooms will be provided in a hostel or hotel

Travel: Flights booked by DMU (students travel as a group)

Contact

General Enquiries: Global Mobility Office - dmuglobal@dmu.ac.uk

Trip Lead: Bola Babajide - bola.babajide@dmu.ac.uk

Eligibility

Second and third year Accountancy and Finance students enrolled on the following modules are eligible to participate on this opportunity: ACFI2307 Financial Reporting; ACFI3050 Corporate Global Accounting; ACFI3217 International Developments in Accounting and ACFI3221 Advanced Financial Reporting There are a maximum of 20 places available, with a minimum of 15 participants required for this opportunity to take place. Students are recommended to check the eligibility criteria before applying.

About

Trip description

This DMU Global opportunity for Accounting & Finance students, has taken groups to the city of Chicago, Illinois since 2017. This trip is designed to offer a range of activities suitable for second and final year Accounting & Finance students enrolled on corporate reporting modules and is focused on the cultural and regulatory differences between the UK and the USA corporate reporting.

This trip will allow students to obtain an understanding of accounting and finance from a US viewpoint and allow them to compare their own theoretical understanding to this practice-based perspective.
Trips will be organised to locations such as the Federal Reserve Bank of Chicago (currently in-person visits are not possible due to Pandemic restrictions, so details to be confirmed at a later date), The University of Chicago Booth School of Business, and large regional accounting firms. The relationships that DMU’s department of Accounting & Finance have established with these providers in the city will give students unique access and insight into their daily operations and accounting practices.

The estimated total cost for flights and accommodation for this trip to Chicago is £1150. Students will be expected to pay the remaining amount after the £400 DMU Global bursary is deducted from the total.


Learning objectives

Participating in a DMU Global opportunity can help you develop a range of employability skills and competencies that enhance your studies. Through participation in this trip to Chicago we expect that students will learn…

  • Participants will explore how business operates in the Chicago area as well as experience life in a multicultural US city
  • Students will be able to appreciate the cultural and regulatory differences between the UK and the USA corporate reporting.

This trip related to the module learning outcomes, as students will have the opportunity to explore the regulatory context within which accounting operates, in particularly an international context where they can see work in practice and undertake a comparison between two national reporting statements


Cultural activities

Chicago , also known as “the windy city” is the third most populous city in the USA. It is famous for its business, architecture and art, as well as being the home of the Chicago Cubs.

Students will have the opportunity to visit the original skyscraper, the Willis Tower, as well as viewing the variety of architecture in the city from the water. Students are recommended to purchase the Official Chicago CityPASS (£110) if they wish to visit a range of cultural attractions. Time will be allocated to allow students to explore the city and understand how business operates in the area as well as experience life in a multicultural US city.

COVID-19 information

Travel to USA is permitted according to the travel rules for England as listed on UK Government website. Students are required to be fully vaccinated for COVID-19 prior to travel as per the guidance on the FCDO webpage for USA.

All students that are offered a place on this DMU Global opportunity will receive further COVID-19 advice and guidance by email and in pre-departure briefing sessions. More details and COVID-19 Travel Information can be found here.