This course will provide you with a solid understanding of the fundamental accounting and finance principles, preparing you with the knowledge and skill set needed for a successful career within the sector. Our graduates go on to work at companies including KPMG, Deloitte and RBS to name a few.
This programme has been designed to enhance the specialist knowledge and skills of graduates who have already undertaken substantial accounting and finance studies at undergraduate degree level. Alternatively, if you have successfully achieved all of the ACCA Fundamental level papers you are eligible to apply.
The programme covers a number of core themes including International Financial Reporting Standards (IFRS), corporate reporting, corporate governance and risk management. Professional ethics, alongside the application of tools and models of finance theory to complex strategic corporate finance transactions are central to the programme. In addition, you will develop knowledge in implementing strategy in the context of both the external environment and internal business capabilities, and be able to evaluate performance implications of a given strategy.
You will have the opportunity to engage with current business issues through specialist input and the completion of independent study. Your dissertation will normally take the form of an empirical piece of research.
Top Up Your Existing Postgraduate Qualifications to a Masters
If your qualifications are relevant to the MSc you would like to study, you may be eligible for ‘entry with advanced standing’. For more information please visit our Fast Track Your Masters page at http://www.business.mmu.ac.uk/advancedstanding/
Course in Depth
You will study the following units:
International Corporate Reporting and Governance - The international corporate reporting aspect of the unit considers the impact of International Financial Reporting Standards (IFRS) on corporate reports across a number of different business situations and considers the impact of the move to harmonisation of accounting standards globally. The governance aspect of the course will cover governance, risk and ethics and their inter-relationship.
Corporate Finance and Strategy – This unit will develop the knowledge and skills used in designing and implementing business strategy in the context of the external environment and internal capabilities.
Investigating Business Practice - You will work on a live business problem, from the setting of objectives through to the production and presentation of recommendations for a business audience. This is an investigative unit that enables students to synthesise theoretical knowledge with practical application and supports the development of professional and employability skills.
Optional Unit – You can select from a range of optional units from across the Business School that will enable you to specialise in a particular subject area. These are:
• International Environment
• Behavioural Economics and Financial Decision Making
• Project Management Concepts and Practices
Research Methods – This unit will help you develop your critical thinking, reflective writing and other study skills, including analysis and referencing, to successfully study at Masters level.
Dissertation - You will be required to identify, structure, frame and investigate a complex managerial or business issue and produce a substantial written document of your achievements and conclusions. Examples of past dissertation subjects include:
• Why Would Older Clients Have Trust in Their Financial Planner?
• Should Financial Planners be Graduates?
• Alignment between Performance Measurement and Strategy: A Study of a Nuclear Company.
• A Study of Exchange Rate Fluctuations
You will be well placed to move into the finance function of both large and small organisations in the private and public sector. Alternatively you may prefer to seek work in financial analysis, securities and investments or commercial lending.
Manchester is the largest regional financial centre outside of London and home to major accountancy institutions including Deloitte, KPMG, PwC and Ernst and Young. In addition, there are regional centres of international banks based in the North West including Santander, Bank of New York Mellon, Bank of China and RBS.
Features and Benefits
• You will be taught in the Business School’s £75 million teaching and research headquarters on All Saints Campus in central Manchester.
• Teaching staff on this programme are highly experienced practitioners and active researchers in their fields. Read more about the staff from the Department of Accounting, Finance and Economics here: http://www.business.mmu.ac.uk/departments/afe
• As a student of the AFE Department, you will have complementary access to Bloomberg, the leading global platform used by the world’s leading banks, corporations and government agencies for news, data, analytics and research.
• There are opportunities to focus your assignments on your employment goals.
• This programme has an advanced standing route for mature students who have relevant professional qualifications or who have previously studied for a postgraduate certificate or diploma. Through advanced standing, we can give you academic credit for your current qualifications. Typically, this would be membership of the ACCA. Consequently, you only need to study selected units and can achieve an MSc in a shorter timeframe. The tuition fees for this route are also lower because you only pay for the units you need to take rather than having to study all the units for the MSc.
• You have the opportunity to join the Accounting, Finance and Economics (AFE) Student Society. This organises a variety of events for students including: employer fairs and various networking opportunities.
• Internship opportunities are available.
• All graduates from the MSc Accounting & Finance course will be eligible to sit the CIMA Gateway paper which will fast track them to the CIMA Strategic Level. The route requires you to sit a single three hour exam in either May or November each year. It assesses your knowledge of the material covered in the management level of the CIMA Professional Qualification. Once you have passed, you will be awarded the CIMA Advanced Diploma in Management Accounting and be granted exemptions from all certificate, operational and management level exams in the CIMA Professional Qualification. Then by sitting three strategic level papers and TOPCIMA (and relevant work experience) it will lead to students becoming CIMA qualified accountants.