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.
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:
Plus four further assessed modules:
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:
Plus one or two chosen from:
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:
Equity valuation using accounting numbers
Corporate payout policy: theory and evidence
Graduation takes place in December at Lancaster.
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