Accounting and Finance, M.Sc.

  • Application Deadline
  • 12 months
  • English (book IELTS)
University rank #801 (WUR) ,
Accounting and Finance course meets the growing demand for masters level professionals in finance and accounting. It will appeal to you if you are from a general business background and wish to gain specialist knowledge in accounting and finance.


The course meets the growing demand for masters level professionals in finance and accounting. It is suitable if you

  • are from a general finance background and wish to gain specialist knowledge in accounting and finance
  • have an accounting background and would like to extend and update your knowledge and skills

A distinctive feature of this course is its focus on present-day national and global developments in systems, regulations and general practices of accounting and finance. By studying updated literature, international accounting standards, worldwide events, case studies and companies’ financial accounts, you learn how real organisations operate and the accounting and financial strategies and decisions they implement.

You complete in-depth research into various industries when producing presentations, coursework, assessments and the dissertation. This real world focus provides immediate value to your present or potential employers. Helping an organisation compete more successfully through better accounting and financial management and systems can be a rewarding career, in the UK or internationally.

After successfully completing the course, you are able to

  • apply and adapt techniques to improve and extend specialist knowledge in accounting and finance
  • apply relevant frameworks, models and techniques of financial decision making to planning, performance measurement, and risk management
  • solve problems and develop and carry out accounting and financial strategies for different types of organisations
  • apply international accounting standards to corporate reporting and appropriate models to auditing
  • demonstrate analytical and research skills informed by the latest developments in accounting and finance
  • use models and techniques for collecting, processing, validating, interpreting and presenting information

You also gain transferable intellectual and professional skills relevant to the current national and international business world, and problem solving, communication and information technology skills

The team delivering the course has strong links with the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CIMA) and Association of Corporate Treasurers (ACT).

ACCA fast track route

International students who are ACCA passed finalists or qualified accountants can convert their ACCA qualifications to a UK masters on our MSc Accounting and Finance – ACCA Fast Track Route.


• assignments • examinations • dissertation

Programme Structure

Course structure

Full-time – one year

  • September start – typically 12 months
  • January start – typically 15 months but it can be completed in 12 months

Typical modules may include

Semester one – postgraduate certificate

Forensic accounting

You acquire and develop an appreciation of forensic accounting work including the nature and extent of financial crime and financial dispute resolution. You develop forensic accounting techniques including the identification and quantification of admissible evidence. You also participate in identifying problematic situations and inherently weak systems in organisations and design and recommend solutions to minimise risks arising. You gain an understanding of the methodologies used by organisations and individuals in the management of risk associated with financial exposures.

International auditing and assurance

This module examines the basic theories, principles and frameworks upon which modern auditing and assurance is based. You develop your ability to carry out audit and assurance risk assessment procedures and to identify appropriate audit approaches and techniques.

International corporate reporting

You explore the nature and purpose of corporate reporting both in the UK and internationally and gain an understanding of the basic theories and principles upon which modern corporate reporting practices are based. You examine the pressures and influences on the internationalisation of corporate reporting and the political and economic context within which corporate reporting evolves. You have the opportunity to formulate and discuss your own views on the possible future direction of corporate reporting.

Methods of enquiry

You gain analytical and technical research and consultancy skills. You develop knowledge and a reflective understanding of methodological and philosophical issues in research and consultancy with specific reference to finance.
Semester two – postgraduate diploma

Corporate finance

This module develops your knowledge and understanding of the fundamental theoretical principles of corporate finance. You enhance your appreciation of the practical application of these principles when formulating financial strategy, both at a domestic and an international level. The module develops your ability to understand and offer a critique of financial theory as well as developing your technical problem solving abilities through a number of numerically-based scenarios.

Consultancy project 1

This module introduces you to the process, theories and approaches to consultancy. You gain work experience from working for a sponsoring firm on a focused live international market research and development problem requiring consultancy assistance. By placing you into a live company environment you can apply the theoretical and conceptual knowledge developed within the course. It also improves your skills in cross-cultural communication and teamwork.

Strategic management accounting for performance enhancement

As the business environment becomes more complex and global, there is an increasing need for managers to understand the role that management accounting plays in supporting strategy and driving performance. This module explores how management accounting and control practices and systems are shaped by cultural political, institutional, technological, competitive and environmental factors. You critically evaluate a range of management accounting practices and systems and the specific contexts within which they operate and evolve. This understanding enables you to recommend future change to organisations in order for them to remain competitive.


One from • advanced portfolio management • corporate governance and ethics • financial analysis • innovation in the digital enterprise • understanding markets • international treasury management*

* Successful completion of the international treasury management module gives you an additional professional qualification awarded by the Association of Corporate Treasurers (ACT). If you choose this module there is an ACT registration fee of £500 in addition to your course fees, you will be invoiced separately for this.

Semester three - MSc

Research methods

This module develops your abilities to critically evaluate published research and develop your own research skills. It provides the key steps in developing your understanding of the nature of the postgraduate dissertation and approaches to undertaking one. After completing the module you are able to draw up research proposals and undertake your own dissertation research project.


You complete a major research-based project on a topic relevant to your future career development or academic interest. It enables you to demonstrate the skills and knowledge you have gained on your course and develop research skills.

Detailed Programme Facts

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

English Language Requirements

You need the following IELTS score:

  • Minimum required score:


    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.

    Book IELTS

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

Academic Requirements

Normally one of the following in a relevant subject*

  • a good honours degree
  • a recognised postgraduate qualification
  • an equivalent recognised professional qualification

* Relevant subjects include • accounting • banking • economics • finance • financial services.

If you do not have such academic qualifications we may consider your application individually, based on your personal, professional and work experience, and other formal qualifications.

Overseas applicants from countries whose first language is not English must normally produce evidence of competence in English. An IELTS score of 6.0 with 5.5 in all skills, is the standard for non-native speakers of English. If your English language skill is currently below an IELTS score of 6.0 with a minimum of 5.5 in all skills we recommend you consider a Sheffield Hallam University Pre-sessional English course which will enable you to achieve an equivalent English qualification.

Tuition Fee

  • International Applies to you

    13250 GBP/year
    Tuition Fee
    Based on the original amount of 13250 GBP per year and a duration of 12 months.
  • EU/EEA Applies to you

    6300 GBP/year
    Tuition Fee
    Based on the original amount of 6300 GBP per year and a duration of 12 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Home / EU student

Course fees may be subject to annual inflationary increase.

2016/17 academic year

  • Typically £6,300 for the course

Postgraduate loans of up to £10,000 a year are available across the majority of subject areas.

International student

2016/17 academic year

  • Typically £12,800 for the course

2017/18 academic year

  • Typically £13,250 for the course

Living costs for Sheffield

  • 555 - 980 GBP/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


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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