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This innovative and distinctive programme provides the opportunity to study at the interface between accounting, organisations and institutions from a rigorous interdisciplinary social science perspective. The programme does not require a background in accounting, and students with an initial training in the humanities or the social or natural sciences are encouraged to apply. It is aimed at those aspiring to careers in accounting, auditing and assurance, financial management, risk management, management control, management consultancy, and regulation, in a variety of for-profit and non-profit organisations globally. The degree also provides a thorough preparation for academic research in the field of accounting.
About the MSc programme
The programme has been designed to meet the needs of high level graduates, who do not necessarily have a background in accounting, to gain a comprehensive foundation and subsequent depth in the field, allowing access to a wide variety of careers broadly related to accounting. The programme is aimed at people with good undergraduate degrees, and you should normally possess at least a good upper second class honours degree or equivalent. A short focussed introductory course on quantitative methods and technical accounting issues will be held at the beginning of the programme. Thereafter, you take examined courses up to a total of four full units.
Key features of the programme are:
* A stimulating and intellectually demanding approach to analysing the key issues facing accounting within the global economy.
* The opportunity to study accounting and its organisational and institutional significance in one of the world´s leading social science institutions and departments of accounting.
* Blends LSE´s tradition of developing the highest level of analytical skills with a focus on practice.
* Introduces students to key design issues for accounting and management control systems and their operation and regulation in both the for-profit and non-profit sectors.
* Explores the interface between accounting, risk management systems and accountability.
* Provides exposure to the operational and strategic significance of accounting within modern organisations.
* Introduces students to the different ways in which accounting shapes modern organisations and institutions across a range of different contexts.
* Pays particular attention to the problems confronting accounting for hybrid and inter-organisational processes and structures.
* Aimed at those exceptional individuals aspiring to the highest levels of seniority, whether in accounting firms, management consultancies, or government and regulatory institutions.
(* half unit)
* Accounting, Organisations and Institutions
* Management Accounting and Financial Accounting: Decisions, Control, Reporting and Disclosure~
Courses to the value of two full units from the following:
* Management Accounting, Strategy and Organisational Control #
* Accounting, Strategy and Control* #
* Accountability, Organisations and Risk Management*
* Valuation and Security Analysis*
* Accounting in the Global Economy*
* Institutions, Environmental Change and Development*
* Institutions and the Global Environment*
* The Long-Run Analysis of Firms and Industries*
* The Historical Context of Business*
* The Rise and Decline of Economic Policy in Twentieth-Century Europe
* The Development and Integration of the World Economy in the 19th and 20th Centuries
* International Economic Institutions since World War I*
* Corporate Governance
* Regulation of Financial Markets
* Regulation, Risk and Economic Life
* Economic Sociology*
* Law of International Economic and Financial Sanctions*
* Risk and Governance: A Sociological Approach*
* Any other course with the approval of the programme director
To reflect the strong research orientation of the programme, students must write a 6,000 word long essay which accounts for 50% of the mark of Compulsory course 1
~ Students with a substantive and verifiable background in accounting must do either Management Accounting, Strategy and Organisational Control or Corporate Financial Reporting as Compulsory course 2
# May not be taken together
Please note that options taken outside the Department of Accounting may be subject to availability.
Minimum entry requirement: 2:1 honours degree or equivalent in any discipline
English language requirements
If your first language is not English or if the language of instruction of your previous degree is not English, we ask you to provide evidence of your command of English. You should include your test scores, if available, in the relevant section of the application form. If you receive an offer of admission, it will be subject to proof of your score. English tests must be less than two years old at the time of application. If you have not yet taken the test, your application can be considered in its absence, but any offer will be conditional on your achieving the required score.
Each programme in the prospectus lists the level of English required for admission; either Standard or Higher. Programmes in the Law Department have yet higher requirements - details in the individual programme entries.
* IELTS (International English Language Testing System) with a minimum score of 7.0
* TOEFL (Test of English as a Foreign Language) with a minimum score of 627 in the paper test or 107 in the internet based test Other test scores may be acceptable if you have already obtained them.
You should supply evidence of your English test with your application and if you are made an offer we will indicate whether we will accept your score or if we require one of the tests above. You may be required to achieve a higher score at the discretion of the selectors. If you have not yet taken any English test, we recommend that you take the IELTS, TOEFL or LSE test.
|CAE score:||80 (Grade A)|
|TOEFL paper-based test score :||627|
|TOEFL iBT® test:||107|
Fee reductions and rewards
LSE undergraduates starting taught postgraduate study at the School are eligible for a fee reduction in the region of ten per cent of the fee. These reductions are available for UK, EU and non-EU students. The School offers a range of rewards for early payment of fees for all self-financed students.
Scholarships for study at LSE
LSE makes available over £12 million annually in financial support for its students via a range of scholarships, bursaries and award schemes, details of which can be found on these pages. LSE's world class programmes attract a consistently high calibre of applicants, many of whom seek financial support from the School, so there is always much competition for our awards. Securing the necessary funds to attend LSE can be a difficult and time consuming process so you should start to think about it as early as possible. Please be aware that the School will be unable to offer you any financial assistance if you knowingly register under funded. The relevant link on the left will take you to the awards available for your chosen level of study.
The School would like to thank the many donors who have contributed to the New Futures Fund, which provides funds for a number of discretionary scholarships.
Diploma, LLM, MA, MSc and MSc (Research) programmes
There are a range of awards available for study at this level. Approximately 19% of taught masters offer holders are successful in obtaining some form of financial support from the School. The value of support ranges in value from 10% of the tuition fee to a full fees and maintenance award.
Graduate Support Scheme
LSE's major financial support scheme for study at taught masters level is the Graduate Support Scheme (GSS). This scheme is open to all applicants, with the exception of those undertaking specific modular or executive programmes such as the MSc in Finance (Part time) or the MSc in Health Economics, Policy and Management. Around £2 million is available annually in the form of awards from the Graduate Support Scheme. The Scheme is designed to help students who do not have sufficient funds to meet all their costs of study. GSS awards range in value from £3,000 to a maximum of £10,000, and have an average value of £6,000. Application to the Graduate Support Scheme is via the LSE Graduate Financial Support Application form. This form will be made available to you once you have submitted an application for admission to the School. The form will then be available until 27 April 2011.
If you complete the LSE Graduate Financial Support Application form, and are made an offer of admission by 27 April 2011, you will also be automatically considered for any other awards being offered by LSE, for which you are eligible, with the exception of Arts and Humanities Research Council (AHRC) and Economic and Social Research Council (ESRC) funding where there are separate, department led processes in place. AHRC and ESRC funding is relevant to Home UK and Home EU applicants only, and there are also subject restrictions in place. We offer a range of awards based on different criteria such as a specific programme of study, nationality, or country of permanent domicile. In addition, a number of external organisations offer funding to support postgraduate study. We recommend that applicants follow up as many avenues as possible to find funding. Please be aware that if you accept funding from an external source, it is your responsibility to check the terms of the award. Some awards are accompanied by specific terms and conditions which you should be sure you able to meet before accepting the award. Information about other Awards offered by LSE or external organisations. Please take some time to look at all the other awards available to support your study at LSE. The details of these awards are updated each October, but new LSE awards may become available during the course of the admissions cycle. We will only write to successful applicants for these awards. Selection for these awards will take place between May and July 2011 and all successful applicants will be notified by 31 July 2011.
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