This course is also offered at the Bangor Business School - London Centre.
Changes in the business environment create the need for individuals wishing to pursue a senior management role to be aware of contemporary accounting and finance developments.
Understanding these theoretical and practical issues is critical for managers who often have to make rapid and far-reaching decisions about the short term financial operations and long term strategies of firms.
The MSc in Accounting and Finance offers you a unique opportunity to develop an appreciation of the causes and significance of current developments in the financial and corporate sectors, and to study advanced theory and practice relating to accounting and finance.
The aim of the programme is to provide graduates and other individuals that have practical accounting and financial training with the knowledge and skills necessary to pursue a senior level professional career in accounting, financial services or related sectors of the economy.
Issues you will tackle as part of your MSc Accounting and Finance degree programme include:
How are the financial accounts of companies formulated, and how do they differ across jurisdictions?
What agency issues are important in the creation of company accounts?
How does accounting theory inform financial and management accounting practice?
How does regulation impact on the performance of firms, and how do accounting practices highlight profit and/or loss realisation?
What empirical techniques can be used to evaluate company performance?
In what ways have financial accounting requirements and auditing been influenced by recent company failures?
What are the relationships between risk and return governing investment in company shares and other derivative instruments?
Which factors are most likely to influence the evaluation and implementation of international investment projects?
How can we calculate a suitable cost of capital to appraise the capital investment decision?
How should institutional investors go about constructing a portfolio of assets to maximise returns on behalf of investors?
How are futures, options, derivatives and swaps used to manage balance sheet and off-balance sheet risks?
What are the key principles of international portfolio management in a world of fast and unpredictable movements in exchange rates?
How can financial forecasts be used in business valuation, and what techniques should be used to improve trend analysis and interfirm comparison?
With these needs in mind, the MSc Accounting and Finance programme at Bangor is designed to develop participants’ existing skills through a scheme of specialist advanced study. An important objective is to provide participants with relevant analytical training, so that they are familiar with the latest theoretical and practical developments relating to accounting and finance. The programme provides a coherent theoretical framework for the various subject areas, but the emphasis throughout is on advanced practical application of accounting and financial techniques in a real-world setting.
January intake: Taught modules are undertaken in the period of January to June and September to January and will involve the study of 120 credits. The dissertation (or equivalent) is valued at 60 credits and is undertaken during the period of June to September.
September intake: Taught modules are undertaken in the period of September to June and will involve the study of 120 credits. The dissertation (or equivalent) is valued at 60 credits and is undertaken during the period of June to September.
Research Methods: This module develops knowledge of intermediate and advanced research methods, and provides a basis in research methodology for those who may eventually wish to pursue research degrees.
Accounting Theory: This module critically evaluates a widespread and widely based set of theories that underpin any explanation of accounting behaviour and accounting regulatory output.
International Financial Markets: This module provides an overview of financial instruments in a multi-currency world, taking account of insights from portfolio theory concerning the relationship between risk and return, the diversification of risk, and the pricing of assets.
Advanced Financial Reporting and Regulation: This module provides an advanced treatment of the main theoretical principles underlying financial reporting, and the practical implications of alternative regulatory regimes.
Financial Analysis: This module analyses the techniques that are used to evaluate a company’s financial position and performance.
Management Accounting: This module provides an understanding of the uses of financial data in measuring and evaluating business performance, and in setting the strategic aims of the organisation.
Optional modules (choose 2):
Corporate Risk Management: This module provides an analysis of pure risk and its management.
Islamic Accounting and Financial Reporting: This module develops a critical awareness of theoretical and practical approaches to Islamic accounting and financial reporting. Islamic accounting standards are compared with IFRS, and the content and impact of academic research in this area is examined.
Islamic Finance: This course provides an insight into topical issues relating to Islamic financial instruments and related risk management issues.
Financial Econometrics: This module provides advanced coverage of econometric methods and practices that are used to model financial and business data. You will develop the independent capability to design, estimate and evaluate appropriate econometric models using econometric software.
International Financial Management: In this module, the financial management of multinational companies, and the influence of the macroeconomic, fiscal, currency and political environments on business and financial decision-making are examined in an international and global context.
Investment Strategy and Portfolio Management: This module evaluates the development of investment strategies for bonds, equities and derivatives that are designed to achieve optimal risk-return outcomes, and examines the measurement and evaluation of the performance of a portfolio of investments.