Accounting and Financial Management, M.Sc.

  • N/A
    Application Deadline
  • 12 months
    Duration
  • Tuition
    20000
    Tuition (Year)
    15500
    Tuition (Year)
  • English (take IELTS)
    Language
,
The Masters in Accounting and Financial Management provides advanced study of accounting and financial management. It enables professionally qualified accountants to take stock of what they have learnt in practice, and helps able graduates to extend their academic training to the frontiers of knowledge within the discipline.
  • Overview
  • Programme outline
  • Key facts
  • Admission requirements
  • Fees and funding

About

The Masters in Accounting and Financial Management provides advanced study of accounting and financial management. It enables professionally qualified accountants to take stock of what they have learnt in practice, and helps able graduates to extend their academic training to the frontiers of knowledge within the discipline.

It aims to provide the theoretical framework and skills that accountants and financial managers need in order to cope with an increasingly complex and global accounting environment. It also provides a valuable foundation for those contemplating careers in areas such as investment banking, financial analysis which are likely to involve extensive use of accounting information.

The accounting modules provide coverage of both US GAAP and International Financial Reporting Standards (IFRS). Coverage of US GAAP in our first-term module relates primarily to inventories, tangible and intangible fixed assets, leases, liabilities, OBSF and deferred taxation. Coverage of IFRS in our second-term module relates primarily to reporting financial performance (draft proposals), stock-based compensation, earnings per share, intangible assets, business combinations, goodwill, foreign currency translation and financial instruments. Throughout, emphasis is given to important differences between US GAAP and IFRS.

Many holders of this MSc have progressed to senior positions in the accounting profession and industry. Others are now faculty members in UK universities and throughout the world.

Programme Structure

The MSc Finance and the MSc Accounting and Financial Management are supremely flexible: you can switch between them at an early stage if you find your interests changing.

Michaelmas Term (October to December)

In this term you take four introductory modules:

  • Introduction to Financial Markets
  • Introduction to Finance
  • Introduction to Accounting
  • Introduction to Quantitative Methods

Plus four further assessed modules:

  • Financial Markets
  • Foundations of Finance
  • Principles of Financial Reporting
  • Quantitative Methods for Finance

You also complete a non-assessed two-week module on Financial Databases.

Lent Term (January to March)

You take two or three of the following modules:

  • Financial Reporting for Complex Entities
  • Financial Statement Analysis
  • Advanced Management Accounting

Plus one or two chosen from:

  • Advanced Corporate Finance
  • Advanced Investment Management
  • Behavioural Finance
  • Corporate Governance
  • Derivatives Pricing
  • Financial Econometrics
  • Fixed Income Markets
  • Professional Ethics: Standards in Accounting and Finance Practice
  • Risk Management in Commercial Banking

Summer Term (May to September)

From May to July you work solely on your Masters dissertation and progress report, with guidance from your academic supervisor.

You continue this work throughout the remainder of the summer, submitting your dissertation in September, at the end of the Masters programme.

There is a wide choice of dissertation topics, and some recent examples include:

  • Executive compensation

  • Equity valuation using accounting numbers

  • Corporate payout policy: theory and evidence

Graduation takes place in December at Lancaster.

Detailed Programme Facts

  • Full-time duration 12 months
  • Study intensity Full-time
  • Languages
    • English
  • Delivery mode
    On Campus

Test Scores

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Academic Requirements

  • at least 2:1 honours degree or equivalent; IELTS 7.0 if first language is not English.

Tuition Fee Per Year

  • GBP 20000 International
  • GBP 15500 EU/EEA

Funding

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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