Accounting and Financial Management, M.Sc.

  • N/A
    Application Deadline
  • 12 months
    Duration
  • Tuition
    20000
    Tuition (Year)
    15500
    Tuition (Year)
  • English (take IELTS)
    Language
University rank #150 ,
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.

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

  • Deadline and start date Application deadline and start date were not specified by the programme.
  • Programme intensity

    You can choose to do this programme part-time or full-time.

    Full-time
    • Duration 12 months
  • Languages
    • English
  • Delivery mode
    On Campus
Check my chance of being admitted

English Language Requirements

You need the following IELTS score:

  • Minimum required score:

    7

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Take IELTS test

    StudyPortals Tip: The UK government has confirmed new English-language testing requirements for visa and immigration purposes. Learn more

Academic Requirements

You need the following GPA score:

Required score: Upper Second Class

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to Upper Second Class on the UK Honour scale. Admitted applicants typically have an undergraduate GPA of or better on the UK Honour scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

  • 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.