This programme benefits from Surrey Business School’s leading reputation in accounting and finance, offering an advanced understanding in the subject.
At Surrey Business School, we offer a diverse range of business and management programmes that are fuelled by a common approach: encouraging you to be entrepreneurial and innovative, providing opportunities for you to engage with real-world business problems throughout your programme.
Our MSc in Accounting and Finance provides an understanding of both the theoretical frameworks and practical skills required of accounting and finance professionals. The programme also addresses the skills needed by those working in multinational corporations, in order to cope with an increasingly complex global financial environment.
The programme’s core modules provide not only a rigorous treatment of the relevant theory, but also the quantitative techniques necessary to understand the literature and undertake empirical investigations in the areas of accounting and finance.
You will gain an understanding of the basic principles and advanced knowledge of financial accounting systems used around the world, as well as a complete introduction to financial theory through a study of the problems of investing capital. You will also be introduced to the techniques of econometrics and undertake a substantial course in corporate finance.
Our optional modules offer you a broader perspective on the subject, allowing you to tailor the programme to areas that are of particular relevance to your interests or career aspirations.
The programme involves six compulsory modules, two optional modules and a dissertation.
- Principles of Accounting
- Foundations of Finance
- Quantitative Methods
- Research Methods
- Corporate Finance
- International Financial Reporting
- International Corporate Governance
- Derivative Securities
- Investment Analysis
- International Finance
- Risk Management
Example module content
Principles of Accounting:
This module provides a practical study of the basic principles and advanced knowledge of financial accounting systems used around the world, addressing the major issues to be reformed.
Foundations of Finance:
The Foundations of Finance module provides the theoretical underpinnings of all of our MSc Finance and Accounting programmes. It introduces the pivotal concepts which form the basis of theoretical finance under three broad headings; Portfolio Theory and Practice, Equilibrium in Capital Markets and Introductory Analysis of Asset Classes. Core concepts include the relationship between risk and return, the Capital Asset Pricing Model (CAPM) and the Efficient Market Hypothesis (EMH) but the module also extends this analysis into new theoretical areas such as Behavioral Finance.
Finance is regarded as applied economics. A good grasp of quantitative methods in economics is essential for finance and accounting-related studies. This module is an introduction to the techniques of econometrics and the use of an econometric package.
Introducing the process of research project formulation and the key elements of research design, this module prepares you to execute your research study for your dissertation in a systematic and scientific manner.
This module provides a substantial course in corporate finance, following the Foundations of Finance module. This exposure will help you understand some of the more difficult materials in corporate finance and also present corporate finance as the working of a number of integrated and powerful institutions.
International Financial Reporting:
This module builds on the Principles of Accounting module and addresses issues that arise for complex business entities from both conceptual and technical angles within the context of international financial reporting standards and national GAAPS.
International Corporate Governance:
This module builds on financial economics theories to encompass the latest developments in corporate governance worldwide. The theoretical study is supported by empirical evidence in which corporate governance develops by examining the legal structure and capital market for various countries at macro level, and the firm’s structure which influences the effectiveness of corporate governance at macro level. It takes an international approach by contextualising its development and providing a stimulating range of academic and practitioner research, and topical case studies.
This module is targeted at students interested in understanding the purpose and use of derivative securities, specifically forwards, futures, swaps and options. Applications in hedging and speculating in corporate and funds management are used to reinforce a rigorous development of arbitrage theory that underpins the pricing behaviour of derivative securities.
This module studies the various stages of the investment analysis and management process, from the award of an investment sponsor’s mandate, through investment manager selection, to the portfolio and performance outcome of that selection. Consideration is made at each stage of who makes the decisions and what those decisions are based upon. This includes asset allocation and comprises equity investment, active versus passive investment, drivers of value, security selection, investment style and investment performance.
This module provides you with an understanding of worldwide financial markets and the main types of securities traded in these markets, as well as how to use these securities to hedge risks in world financial markets.
Risk management focuses on the types of risk that arise for a business including market risk, credit risk and interest risk. This module considers financial risk management strategies, how risk is evaluated, the methods that are available to hedge against risk and the strategies that are employed to mitigate risk. This is complemented by consideration of operational risk and key risk management issues for financial institutions, including regulatory issues such as Basel II.
The dissertation is the final element of the programme, providing an opportunity for a sustained period of research. It allows you to concentrate on topics that are of particular interest to you and draws upon a range of different aspects of the taught programme, particularly the Research Methods module. It also gives you an opportunity to work on your own with individual supervision.
The module allows you to:
- Undertake an original piece of research adding to existing knowledge
- Demonstrate an ability to select, define and focus upon an issue at an appropriate level
- Develop and apply relevant and sound methodologies
- Analyse the issue and develop recommendations and logical conclusions
- Be aware of the limitations of research work
You will also be expected to demonstrate an awareness of any ethical dilemmas that arise in your research.
Surrey Business School is accredited by the Association to Advance Collegiate Schools of Business (AACSB) (http://www.aacsb.edu/
) and by the Association of MBAs (AMBA) (http://www.mbaworld.com/
Our Admissions Policy (http://www.surrey.ac.uk/discover/postgraduate-taught-admissions-policy
) provides the basis for admissions practice across the University and gives a framework for how we encourage, consider applications and admit students.
Further information for applicants - http://postgradsteps.hefce.ac.uk/
Applicants should normally hold a Bachelors degree (UK 2.1 or above) or equivalent qualification from a recognised British or overseas university in a related subject (including accountancy, business administration, economics, engineering, finance, management, mathematics, physics or science).If an applicant’s Bachelors degree is not in a subject related to the MSc, some relevant work experience would be an advantage. Higher level professional qualifications may also be accepted. Each applicant is assessed on their own merit.