The Management Accounting and Controlling programme provides the students with professional qualifications and competences that mirror and sum up the knowledge, understanding and skills acquired through the prerequisite courses, specialisation courses and electives. The main objective of the programme is to convey professional qualifications and competencies, which you can apply in your professional life and in your future career no matter where you choose to live and work.
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The programme has a duration of 2 years and consists of 4 semesters.
1st semester: Prerequisite courses
The first semester of the Master programme in Management Accounting and Control consists of 5 courses.
Three prespectives will be introduced to the students in the Foundation of Management Accounting Research course – positivistic, interpretive, and critical – and their underlying assumptions concerning the generation of scientific knowledge and its impact on our lives
Cost Management: Theories, Models and Technologies aims at providing the students with knowledge about Danish and international cost management traditions, in order to create a thorough conceptual understanding of the fundamental techniques in cost accounting.
Extracting relevant data and performing valid quantitative analysis will be taught in Advanced Excel.
Strategic and Organizational Concepts for Management Control focuses on giving the students a solid foundation of knowledge of the different strategic schools and organisational concepts that form contemporary management control.
Lastly, Planning and Budgeting is closely linked to performance measurements and it contributes to a specific focus on the organisations strategic goals.
2nd semester: Specialisation courses
The second semester focuses on 5 specialised courses.
The course in Accounting Information Systems gives the students an outline of the different types of administrative programmers, their designs, application, implementation and security.
Various approaches and principles of performance management and how these will cohere with different types of organisations and organisational activity operating in various business environments will be taught in the Performance Management course. Emphasis will not only be on the appropriate choice of tools and approach for the specific context, but also on the business reality they create, i.e. their impact on human and social behaviour, and hence their strategic implications.
International Financial Accounting I and International Financial Accounting II focuses on developing an understanding of the importance of the quality of accounting information for decision making.
Following the course “Foundations of Management Accounting Research” from the first semester, Practice Project in Management Accounting is a practical application of the prerequsisite course. The goal of the course is to enable students to plan, investigate and compose a group-report on a management accounting problem in practice, and to reflect on their findings as a group in an expert conversation. Proficiency of these capabilities matters for both project-related work in a professional career as well as for writing a stringent Master's thesis.
3rd semester: Electives or study abroad
In the third semester, you can choose elective courses within your areas of interest. The courses can be taken either at Aarhus BSS during the semester, at the AU Summer University or at one of our more than 300 partner universities abroad. You can also participate in internship programmes either in Denmark or abroad.
4th semester: Final thesis
The fourth semester is devoted to the Master's thesis. You may freely choose the topic of the thesis and thereby get a chance to concentrate on and specialise in a specific field of interest. The thesis may be written in collaboration with another student or it may be the result of your individual effort. When the thesis has been submitted, it is defended before the academic advisor as well as an external examiner.
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The increasing globalisation and internationalisation within trade and industry have led to a growing demand for managers with an international perspective as well as the ability to evaluate the economic consequences of their decisions.
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An MSc in Economics and Business Administration - Finance and International Business not only provides you with the professional qualifications for making strategic decisions concerning difficult and complex financial matters, but also gives you experience and competence in acting in an international context.
The programme in Finance and International Business exposes you to an international educational environment where students come from different countries and thus have different cultural backgrounds.
All exams and courses are carried out in English by members of faculty with an international background.
The programme provides a theoretical framework for advanced academic study of finance and international business that enables you to solve practical problems in the international business community.
The opportunities for participating in exchange and internship programmes either in Denmark or abroad make it a genuinely international education.
The programme is divided into four semesters and has a duration of 2 years.
Here is an overview of the 4 semesters:
1st semester: Prerequisite courses
The first semester creates the necessary foundation both methodologically and theoretically for further studies of finance and international business.
Courses:
Applied Econometric Methods introduces you to the most widely used quantitative and empirical methods in econometrics, including in particular financial econometrics. The course has two major aims. Firstly, it provides you with tools which enable you to acquire the knowledge published in high quality publications within the areas of empirical finance and economics. Secondly, it equips you with tools for modelling and estimating econometric systems. The methods involved have been chosen with a view towards applications within empirical finance and economics.
Corporate Finance deals with the financial problems of a company and various solution models will be introduced. Further issues are the interactions between the company and the financial markets, with special emphasis on valuation of the company in a capital market perspective.
International Business Methods covers macro level (regional economic integration, e.g. the EU, trade barriers, etc.), company level (internationalisation and export market strategies, management of subsidiary companies, etc.) and individual level interaction between people of different professional and cultural backgrounds.
Internationalisation of the Firm provides you with an in-depth and detailed understanding of theories surrounding the internationalisation of businesses and the practical implications of these theories.
2nd semester: Specialisation courses
The second semester is devoted to more advanced studies within the two areas.
Courses:
International Financial Accounting focuses on the financial reporting requirements in international environments. An understanding of international business depends on a theoretically grounded, pragmatic knowledge of the international requirements for corporations to report their financial performance and financial position.
Strategy and Management Accounting is a course with different elements of strategy formulation and strategic management accounting will be discussed and analysed. An important element involves the provision of information for the formulation of an organisations' strategy and managing strategy implementation and its importance for management accounting.
Advanced Corporate Finance studies corporate finance under asymmetric information and agency problems. Traditional agency theory and asymmetric information are used to revisit capital structure, dividend and capital budgeting policies. Focus is also on the role of governance systems under different ownership structures.
International Business Finance will introduce you to the multinational firm is confronted with the task of operating internationally. This necessitates an understanding of the markets for products, factors of production, and financial assets. Operating internationally poses unique risks – one of these being the existence of fluctuating exchange rates. More generally, the global integration of money and capital markets implies opportunities as wells as challenges – both of which have to be considered by the multinational firm.
3rd semester: Electives
In the third semester you can choose elective courses within your areas of interest. The courses can either be taken at Aarhus BSS during the semester, at the AU Summer University or at one of our more than 300 partner universities abroad. You can also participate in internship programmes either in Denmark or abroad.
4th semester:
The fourth semester is devoted to the final thesis. You may choose the topic of the thesis freely and in this way get a chance to concentrate on and specialise in a specific field of interest. The thesis may be written in collaboration with another student or it may be the result of your individual effort. When the thesis has been submitted, it is defended before the academic advisor as well as an external examiner.
The two-year MSc programme in Economics and Management gives students an in-depth familiarity with a range of economics and management disciplines. The programme is flexible, so that students can can specialise in a specific field or a combination of economics and management.
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In the company of Nobel Laureates
Students on the programme are based at the Department of Economics and Business Economics. The department is renowned for setting high academic standards, and the department engages in close collaboration with many leading international researchers, including Nobel Laureates Dale T. Mortensen (2. februar 1939 – 9. januar 2014) and Robert F. Engle. The department’s outstanding research environment includes the Center for Research in Econometric Analysis of Time Series (CREATES), where Nobel laureate Robert F. Engle serves as member of the advisory board.
We are also proud of our triple crown accreditation - see them here >>
The academic environment at the department is characterized by international diversity: more than one-third both of faculty members and PhD students have an international background. The international atmosphere provides the basis for an enriched and exciting student life.
A personal academic profile
The department conducts research and teaching in the following fields:
The degree programme allows students to create a personal academic profile within one or across several of these fields. There is compulsory progression in the chosen courses, which ensures students' academic development. Each semester, the department offers about 30 elective courses. The broad range of courses allows you to specialise in a particular field of interest and to compose an individual course programme.
