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.
 
Please note: Applications for this programme for 2018 entry will close on 1 April 2018.

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

If you require additional support to take your language skills to the required level, you may be able to attend a presessional course at the Centre for English Language Education, which is accredited by the British Council for the teaching of English in the UK. Students who successfully complete the presessional course to the required level can progress to postgraduate study without retaking IELTS or equivalent.

Specialist 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 underpinned by the latest developments
  • An inspiring research portfolio worth £799m
  • 91.1% of MSc graduates from Nottingham University Business School secured work, self-employment or further study within six months of graduation
  • More than 19,000 Business School alumni connect you to a powerful global network of business contacts
 

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

Semester one

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
 
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.

 

Semester two

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.

 

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

See information on how to fund your masters, including our step-by-step guide. Further information is available on the school website.

Government loans for masters courses

The Government offers postgraduate student loans for students studying a taught or research masters course. Applicants must ordinarily live in England or the EU. Student loans are also available for students from Wales, Northern Ireland and Scotland.

International and EU students

Masters scholarships are available for international students from a wide variety of countries and areas of study. You must already have an offer to study at Nottingham to apply. Please note closing dates to ensure your course application is submitted in good time.

Information and advice on funding your degree, living costs and working while you study is available on our website, as well as country-specific resources.

 
 

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
  • university researchers

Postgraduate careers team

Our in-house Postgraduate Careers Team provides expert advice and guidance so that you can make an informed decision about the right career path for you.

As soon as you have accepted your offer of a place at the Business School, we can begin working with you to support your career planning needs. You can take part in pre-course careers discussions and take advantage of remote and online support through Career Leader, an online assessment tool which helps you to measure your business interests and motivations before starting your course. Our support continues throughout your time at Nottingham and after you graduate.

Employability and average starting salary

91.1% of postgraduates from Nottingham University Business School who were available for employment secured work or further study within six months of graduation. £25,000 was the average starting salary, with the highest being £57,200.*

* Known destinations of full-time home postgraduates 2016/17. 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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