Master Accounting Financial Management and Control

Università Commerciale Luigi Bocconi

Tuition fee:
  • € 11,500 / Year (EEA)
  • € 11,500 / Year (Non-EEA)
Start date: September  2015
Credits (ECTS): 120 ECTS
Duration full-time: 24 months
Languages:
  • English
Location:
Delivery mode: On Campus
Educational variant: Full-time
More information: Go to university website

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Description

The courses in this program have the objective of developing solid technical knowledge and methodologies for the accounting and financial professions. Educational activities aim to facilitate interpretation of the economic and social environment.

This MSc places particular emphasis on the processes of financial communication within and outside the firm, the design of modern management information systems for planning and control, and the use of models and methodologies for financial analysis to support strategies aimed at generating value in the long run.

Learning Objectives

The Master of Science in Accounting, financial management and control has the following educational objectives:

  • provide advanced studies to allow a complete understanding of accounting and financial statements, corporate finance , planning and managerial accounting;
  • develop the skills and competence in management in order to discuss and interact with managers in different business sectors, with financial markets and with company and tax law professionals;
  • complete the preparation in the business field providing competences in economics, quantitative and juridical, so as to develop problem analysis skills in interdisciplinary areas;
  • develop competences via educational activities inside and outside the classroom which promote student-teacher interaction and interaction between the students themselves as well as developing problem analysis skills, problem solving skills, ability to present and discuss the results of one’s work;
  • promote competence (in the business area) in the use of English and of a second EU language to work effectively and efficiently in one’s profession.
Career Opportunities

The main career path, though not the only one, is that of Chief Financial Officer in manufacturing, commercial and service firms as well as in financial institutions. More specifically, the main entrance areas are represented by the following:

  • Activities as accountants, management accountants and controllers in various kinds of firms, with roles in the areas of financial statement preparation and analysis, investor relations, corporate finance, internal control, planning and the design of performance measurement and control systems
  • Activities related to accounting, corporate finance and control in management consulting firms, auditing companies and in other consulting organizations that support customers in designing accounting information systems and in managing extraordinary operations such as mergers and acquisitions

Contents

Program structure

Courses serve two functions. One important objective is to consolidate and develop the basic knowledge needed for operating in the field of accounting, corporate finance, planning and management control and auditing at a high professional level. The other key purpose is to provide competencies essential for scanning and interpreting the social and economic environment. The 24 credits of elective courses are aimed to specialize and are selected by the student either freely or within the following areas of major:

  • Accounting and Financial Reporting;
  • Corporate Finance and Financial Management;
  • Planning and Control;
  • Auditing.

Students choose a foreign language based on the graduate program instruction language and on their native language (which cannot be chosen as a foreign language). In classes taught in English, in order to get the language credits required for the degree, international students must study Italian plus another European language to be chosen from among French, German, Spanish, Portuguese or also English.
Native Italian speakers must study two other European languages. Please note that the course requirements may be subject to change.

Program structure

First year

Semester I

  • Data analysis
  • Financial reporting and international accounting
  • Financial management and financial markets
  • Corporate governance
Semester II
  • Fair value accounting, reporting and valuation
  • Macroeconomic trends
  • Performance measurement and control systems
  • Business law (selected corporate and tax issues in management and internal auditing) and public finance
  • First foreign language (lessons only)
  • Second foreign language (lessons only)
Second year
  • 4 elective courses (major or free track)
  • First language (lessons + exam 1st semester 2nd year)
  • Second language (lessons + exam 1st semester 2nd year)
  • Internship or similar activities
  • Thesis
Total credit points 120

Requirements

Applicants can enter the selection process if they acquire/have acquired a valid and recognized 1st cycle qualification (Undergraduate level) by October 2015 (or in any case by the first graduation session after the summer break).

The categories of applicants vary depending on the location of the University.
In details, there are three different types of applicants:

INTERNATIONAL APPLICANTS

Graduates and final-year undergraduate students from universities abroad are considered International applicants.

Preferential consideration is given to applicants whose undergraduate work is still underway or was concluded less than two years prior to the moment of application. Applicants with other profiles are considered subsequently.

BOCCONI APPLICANTS

Bocconi Graduates and final-year undergraduate students are considered Bocconi Applicants.

For Bocconi applicants, no checks are required regarding clearing additional educational debits as they originate from Università Bocconi’s Economics department and admissions deems elements for verification to include meeting the curricular requirements and suitability of personal background. Approximately 65% of the total available spots are made available to Bocconi applicants and, in particular, up a maximum of 60% of available spots in the “early session”.

In corso” applicants enrolled in their third year of the 2014-2015 a.y. can participate in the Early Session (for the purposes of admissions, students are in corso if they enrolled for their first time in the university system – at Università Bocconi or another university – in the 2012-2013 a.y.) who have acquired at least 110 educational credits (out of those in the program structure for the first and second year of the program) by 31 July 2014, with a weighted average of at least 28/30.

Applicants who have acquired at least 110 credits (exams, internships and idoneità/tests are evaluated) can participate in the Student Career Session by the April 2015.

ITALIAN APPLICANTS

Graduates and final-year undergraduate students from other Italian universities (not Bocconi) are considered Italian applicants. Please visit theItalian website for more information and verify there the application deadlines for Italian applicants.

We specify that:

  • Only for English-language class groups, up to 30% of places available are reserved for applicants of non-Italian citizenship (regardless of where they completed their undergraduate studies)
  • Students enrolled in a Double Degree program should participate in admissions according to the first University of enrollment. For example: students enrolled in a Russian University for a Double Degree program with an Italian University should participate in the admissions process as an INTERNATIONAL Applicant
  • Graduate or transfer applicantsfrom other foreign or Italian MSc Programs may participate in any session of the selection process according to the applicants' category. After the admission they must follow specific criteria in order to ask for the recognition of credits/exams already passed.

Funding

Financial Aid for Prospective Graduate Students

Bocconi University is committed to making a higher education available to all talented students: we welcome motivated and bright students, regardless of their families’ financial situation. For years Bocconi has undertaken an investment policy to support deserving students, through an expanding financial aid system based on both merit and need. Thanks to agreements made with the top Italian banks, our students also have access to a variety of student loan options.

To facilitate student applications and to allow families to evaluate the actual financial commitment needed to attend a Master of Science at Bocconi before enrollment, the admissions application and financial aid applications have the same deadlines and timeframes and must be submitted together. The outcome of financial aid will be made available shortly after the admissions results and prior do the deadline to enroll in Bocconi.

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