Accounting and Finance MSc

 
  

Fact file

Qualification
MSc Accounting and Finance
Duration
1 year full-time
Entry requirements
2:1 (or international equivalent) in a relevant discipline which must include a substantial amount of accounting
Other requirements
Personal statement and a list of modules being studied in the final year (for applicants who have not yet completed their undergraduate degree)
IELTS
6.5 (with no less than 6.0 in each element)

If these grades are not met, English preparatory courses are available
Start date
September
Campus
Jubilee Campus
School/department
Tuition fees
You can find fee information on our fees table.
 

Overview

This specialist course is designed to further your existing knowledge of accounting and finance by building on the theory and application of accounting principles.
Read full overview

It will suit you if you studied a business-related subject as an undergraduate and want to focus on financial accounting as a distinct career path.

Engaging with current debates in the field, you will have the opportunity to enrich and broaden your understanding and appreciation of important topics within accounting and finance while engaging in current debates in the field.

You will take five core modules across two semesters and a summer dissertation. Optional modules allow you to tailor your degree to suit your interests and career aspirations.

Academic English preparation and support

Accredited by the British Council for the teaching of English in the UK, the University's Centre for English Language Education provides high-quality preparation and support. Our presessional courses take your English language and academic skills to the level you need to progress to postgraduate study without taking IELTS again.

Specialist five and 10-week business and management courses are available and you could be eligible for a joint offer, which means you will only need to apply for your visa once. Students who enter via the CELE route are exempt from paying the school's £2,000 reservation fee. For more details, please contact us.

Key facts

  • Part of an elite group of EQUIS and AMBA accredited business schools
  • 6th in the UK for research power in the latest Research Excellence Framework, with teaching informed by the latest developments
 

Course details

Across the autumn and spring semesters, you will take 120 credits of taught modules. Each module typically consists of 10 two to three hour sessions.

You will complete the remaining 60 credits with a 2,000-word proposal and 12,000-word dissertation. You will be allocated an appropriate dissertation supervisor who will oversee your progress.

Assessment

You will be assessed through a combination of individual essays or group projects and written exams.

 
 

Modules

Core

Corporate Financial Strategy

The module covers:

  • investment, capital structure and divident decisions from a shareholder value perspective
  • capital market behaviour (background)
  • mergers
  • real options
 
Current Issues in Accounting

The module will cover five lectures within each the following two areas:

  1. Current issues in financial accounting and reporting
  2. Current issues in management accounting

Indicative topic areas include:

  • corporate governance issues
  • changing nature of management accounting
  • contemporary management accounting techniques
  • case study research in management accounting
 
Financial Security Valuation

Equity, fixed income and derivative securities will be considered individually and portfolios. These will be presented as extensions of previously studied material as well as new topics.

 
Financial Statement Analysis

The module prepares you to analyse the financial performance of companies, to assess their prospects and to estimate their valuation.

The module is structured primarily from the point of view of investors and analysts, rather than from a company perspective. The module teaches you both theoretical and practical understanding of the financial performance of companies, and how to apply it for valuation.

 
Further Quantitative Research Methods

The module includes:

  • matrix algebra
  • differential calculus
  • multiple regressions
  • time series
  • qualitative response
  • panel data models
 
Introduction to Research Methods

Part 1: Introduction Quantitative Analysis

  • Survey design and measurement
  • Introduction to statistics; hypothesis testing, t-tests, ANOVA, regression analysis and factor analysis

Part 2: Introduction Qualitative Analysis

This part of the module will be concerned with epistemological issues as well as the collection and analysis of qualitative data.

 

Optional

Two from:

Advanced Issues in Financial Reporting

The module will cover some or all of the following topics:

  • Positive Accounting Theory
  • Audit
  • Voluntary disclosure
  • Corporate governance
  • Earnings quality
  • Payout policy
 
Advanced Management Accounting

The module will cover some or all of the following:

  • Management accounting in context
  • Traditional approaches to costing and management accounting
  • Contemporary approaches to costing and management accounting
  • Strategic management accounting
  • Quality cost management
  • Activity-based costing and management
  • Balanced scorecard
  • Global issues in management accounting
  • Methodological issues in management accounting research
 
Corporate Governance

The module covers:

  • perspectives on corporate governance
  • instruments of governance; active shareholders, board of directors, organisational and financial structure, executive remuneration
  • the market for corporate control
  • government and governance
  • comparison of national approaches to governance
 
Financial Econometrics

The module will provide an introduction to modern econometric techniques for modelling financial data. It covers relatively advanced econometric techniques such as dynamic panel data modelling, generalised methods of moments, multinomial models, selection models GARCH, risk measurement and continuous time models.

 
Industrial Economics

The module uses a game-theoretic approach to analyse strategic firm-behaviour. It intends to cover topics like static and dynamic models of imperfect competition, product differentiantion, market entry, merger and acquisition, and privatisation.

 
International Finance

This module examines contemporary developments in the theory and practice of international financial management. It includes analysis of foreign exchange markets and international financial markets, including international banking and the Euromarkets.

Emphasis is placed on discussion of risk management techniques to protect against both currency and political risks. Both long term international investment and financing decisions and short-term exporting decisions form part of the module.

 
Quantitative Risk Management

The module covers:

  • the development of quantitative risk management and its use by firms to measure and manage their risk
  • measures of risk: value at risk, expected shortfall, and other risk measures
  • uses of quantitative risk measures: estimating risk measures - historical simulation approaches, parametric approaches and Monte Carlo simulation approaches
  • volatility forecasting
  • estimating liquidity risks
  • backtesting risk models
  • risk measurement using Extreme Value Theory
  • model and parameter risk
 
Risk Management in Financial Institutions

The module covers risks specific to financial institutions (including liquidity, credit, market, and operational); techniques for managing such risks; the organisation of the risk management process in financial institutions. Financial institutions include banks, other deposit-taking institutions, life and general insurance companies.

Content complements that covered in modules such as Corporate Risk and Quantitative Risk Management.

 
Theory of Risk and Insurance

This module introduces you to individual risk theory. Decision-making under certainty is covered and the standard theory of subjective expected utility is developed as a special case, along with problems of information asymmetry. Applications to gambling and insurance markets are reviewed. Empirical studies of these theories, based on laboratory or field data, are reviewed.

 
Venture Capital and Private Equity

The module covers venture capital and private equity provide risk capital to firms at various stages of their life-cycle. This involves selecting investments, structuring deals, valuation of investment opportunities, leveraged buyouts (LBOs), managing portfolio firms, and exit.

 

 

The modules we offer are inspired by the research interests of our staff and as a result may change for reasons of, for example, research developments or legislation changes. This list is an example of typical modules we offer, not a definitive list.

 
 

Funding

Funding information is available on the school website and can also be found on the Graduate School website.

International and EU students

The University of Nottingham offers a range of masters scholarships for international and EU students from a wide variety of countries and areas of study.

Applicants must receive an offer of study before applying for our scholarships. Please note the closing dates of any scholarships you are interested in and make sure you submit your masters course application in good time so that you have the opportunity to apply for them.

The International Office also provides information and advice for international and EU students on financing your degree, living costs, external sources of funding and working during your studies.

Find out more on our scholarships, fees and finance webpages for international applicants.

 
 

Careers

Career destinations for our postgraduates include accountants, finance and investment analysts, higher education teaching professionals, investment bankers, IT business analysts, management consultants, marketing professionals, public relations professionals and university researchers.

Postgraduate careers team

Taught students benefit from the support of our postgraduate careers team who will help you to explore your career options and develop your career management skills. Our weekly MSc Advanced Career Leaders Programme is complemented by individual careers consultations, networking events and access to a wide range of employer presentations, volunteering activities and work experience opportunities.

Through a combination of your academic studies and the careers support on offer, you will be in an excellent position to enhance your career prospects and move onto the next stage of your career.

Employability and average starting salary

82.1% of postgraduates from Nottingham University Business School who were available for employment secured work or further study within six months of graduation. £28,500 was the average starting salary, with the highest being £50,000.*

* Known destinations of full-time home postgraduates 2015/16. Salaries are calculated based on the median of those in full-time paid employment within the UK.

Career and professional development

Whether you are looking to enhance your career prospects or develop your knowledge, a postgraduate degree from the University of Nottingham can help take you where you want to be.

Our award-winning Careers and Employability Service offers specialist support and guidance while you study and for life after you graduate. They will help you explore and plan your next career move, through regular events, employer-led skills sessions, placement opportunities and one-to-one discussions.

 
 
 
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Disclaimer
This online prospectus has been drafted in advance of the academic year to which it applies. Every effort has been made to ensure that the information is accurate at the time of publishing, but changes (for example to course content) are likely to occur given the interval between publishing and commencement of the course. It is therefore very important to check this website for any updates before you apply for the course where there has been an interval between you reading this website and applying.

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Nottingham University Business School
Jubilee Campus
Nottingham
NG8 1BB
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