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MSc in Accounting and Financial Management

Course Description


This specialist Masters in Accounting and Financial Management is intended to build on your existing knowledge of accounting and finance. The programme concentrates on the role of accounting and finance in organisational management and will provide you with a thorough grounding in accounting, finance, financial management, financial reporting, financial markets and investment and risk.
The Accounting and Financial Management programme will provide you with the knowledge and skills you will need for a career in accounting and/or finance.

Course Structure

Term 1
• Critical Perspectives in Accounting
• Advanced Financial Accounting
• Managerial Economics
• Advanced Management Accounting

Term 2
• Financial Strategy and Governance
• Qualitative Research Methods

Example Options
Choice of 1 from:
• Social and Environmental Accounting
• Financial Markets and Investment
• Managing Public Finance
• Accounting and Risk

Term 3
• Quantitative Methods and Data Analysis

• Dissertation (60 credits)

Brief Description of Module Aims

Critical Perspectives in Accounting
The aim is this module is to provide the student with:
- an overview of the major ‘conventional’ theoretical developments that inform the profession, and the accounting policy making and standard setting processes.
- knowledge of the relevance and limitations of conventional accounting theory, practice and reporting within our current social and political environment.
- new forms of accounting designed to satisfy modern global conditions, by exploring alternative perspectives on corporate financial practice and reporting, including social, environmental, and political perspectives.

Advanced Financial Accounting
On this module, students will gain:
- a grounding in advanced financial accounting, with special reference to areas of particular controversy and the impact of techniques on financial statements.
- knowledge of advanced financial accounts, financial standards and financial regulation.

Managerial Economics
Students will acquire:
- a knowledge of the markets and hierarchies perspectives of firms and industry organisation, including information costs, coordination and bounded rationality, moral hazard and incentives.
- a grounding in the economics of intellectual property and trademarks, employments contracts and incentives, executive compensation, capital structure and the market for corporate control, economies of scale and scope and the resource-based view of the firm.

Advanced Management Accounting
Aims for students to develop a critical understanding of:
- the nature of management accounting and how it has evolved in, and is influenced by, organisations according to, and is influenced by, historical and environmental factors.
- theories and models about organisations.

Financial Strategy and Governance
The module is designed to enable students to understand:
- the nature of financial strategy in market economies.
- the use of corporate finance theory in the analysis and determination of corporate behaviour.
- the main techniques used in formulating financial strategy.

Qualitative Research Methods
Students will:
- develop understanding of key techniques of qualitative analysis.
- examine the assumptions, advantages, merits and demerits of the respective approaches to qualitative and multi-method research.

Social and Environmental Accounting
Aims to familiarise students with:
- measuring and reporting on social and environmental performance including; Social Return on Investment (SROI), social accounting and Triple Bottom line sustainability reporting.
- an understanding of the Global Reporting Initiative and various assurance standards associated with these approaches to social and environmental measurement.
- an understanding of the origins and development of social and environmental accounting (SEA). During these three weeks, the module examines theoretical arguments about the relevance of SEA, and the extent of its use in the UK and internationally.

Financial Markets and Investment
Students will gain an understanding of:
- the theoretical and practical knowledge in the area of investment management
- the theory relevant to determining investment risk and return
- practical risk model tool using real investment data from either a country or an industry sector
- assessing investment managers’ performance critically using a range of diagnostics

Managing Public Finance
Aims to provide students with an introduction to:
- the academic theory, policy and practice that relate to the management of public finances. -an examination of both the economic perspective and rationale for government spending together with a financial management perspective on issues such as resources allocation, accountability and value for money.

Accounting and Risk
Students will look at:
- reasons for the dramatic rise in interest in risk and risk management will be discussed within the module, and the ways in which risk is related to the connected domains of accounting, financial reporting and auditing.

Quantitative Methods and Data Analysis
Covers the statistical ideas and theoretical principles of data analysis.

Note: Course descriptions on these pages are indicative, and subject to possible change.

A World-class University Environment

The University of York holds top spots in national and international rankings:
- 1st in UK for best overall University experience according to a survey of international students studying at UK institutions (hotcoursesabroad.com).
- 8th in UK/45th worldwide for Research and Research Linkages in the EU ranking of Universities worldwide.
- 11th in The Times/Sunday Times University League Table 2014.
- Top 100 in The Times Higher Education World University Rankings 2013-14.
The University is a member of the prestigious Russell Group of leading UK universities, which are committed to maintaining the very best research, an outstanding teaching and learning experience and unrivalled links with business and the public sector. Our aim is to develop intellectual, entrepreneurial and highly employable graduates in a world class university environment renowned for its friendly and inclusive atmosphere.

York is a beautiful location and one of Europe's finest cities, with world class cultural attractions. According to Tripadvisor, York is the 6th best destination in the UK. In addition, it is one of the three safest UK cities to study according to The Complete University Guide 2013 and it presents students with plenty of opportunities for leisure activities.

Visit the MSc in Accounting and Financial Management page on the University of York website for more details!

Student Profiles

The York Management School Scholarship Scheme - No. of awards TBC

There are a number of department scholarships worth £5,000 each, a sum subtracted from the total tuition fee payable to the university. In addition we offer a small number of travel bursaries of £1,500 each. The awards are open to Home, EU and Overseas applicants. All Master offer holders are invited to apply. For more information visit our website pages: • http://www.york.ac.uk/management/taught-masters/scholarships/• http://www.york.ac.uk/study/postgraduate/fees-funding/taught/uk-eu-funding/

Value of Scholarship(s)



The awards are open to Home, EU and Overseas applicants.

Application Procedure

Please visit the website pages for more details

Entry Requirements

Applicants should have a good first degree (2:1 or equivalent) in any of the following• Finance and /or Accounting• Other degrees where there is a substantial Management and Finance/Accounting component (at least 2 Accounting and 2 Finance modules) or a record of relevant work experience/professional qualifications. Applications will also be considered from candidates with a good 2:2 (or equivalent) and at least two years relevant work experience. Applicants for whom English is not their first language should provide evidence of English language competence.

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