MSc Accounting & Finance

Course Details

You will study six core modules and two elective modules of your choice, one of which must be from Accounting. Finance modules are taken from our very successful MSc in Finance – the UK’s top pure finance course.

Elective modules
Every year we offer many elective modules allowing you to take modules from behavioural science through to quantitative finance, giving you the opportunity to tailor the course to your preferences. Please note that availability and delivery modes may vary.

Assessment
Assessment is a mix of exams, project work, and tests, with your 10-12,000 word project and dissertation bringing all your learning together.

 

Lectures & classes
Lectures introduce key theories, concepts, and economic models. In classes you will solve financial problems and numerical exercises, analyse case studies, and make presentations of research published in academic journals.

Your dissertation
A 10–12,000 word dissertation gives you the opportunity to develop, test, practice and apply the techniques and theories you have gained through your studies. You will be supervised and supported throughout by one of our academic staff or teaching associates and will usually submit your dissertation in early September.


 

 

Core Modules

Asset Pricing & Investments

Explore the fundamental relationships between investors’ decision-making in the presence of uncertainty ('risk') and the cross-sectional and inter-temporal properties of the prices and returns of financial assets. 

Corporate Financial Management

Gain an introduction to the principles of corporate finance. This module will illustrate how the basic tools and techniques of modern finance theory can be applied to analyse and improve the investment and financing decisions of the firm.

Financial Reporting & Financial Statement Analysis

Learn to interpret financial statements in context and apply appropriate models and techniques for company valuation and related business issues. Explore how accounting provides data for corporate finance analysis.

Issues in Accounting I

In this module you will build on your accounting knowledge by developing an integrated and critical understanding of the major 'themes' of Accounting.

Issues in Accounting II

This module will provide you with the opportunity to study, in depth, a number of major current and developing areas in international financial reporting.

Research Methods in Accounting

Gain an overview of the various dominant research methodologies in accounting research, ranging from econometrics through to interviews, case studies, experiments and various forms of textual analysis. This module will provide you with a good understanding of how accounting does, and should, work in practice.

Example Elective Modules

We offer a number of elective options each year, below is an indicative selection. Please note that module availability may vary year to year dependent on faculty availability, student demand and scheduling constraints.

Banks and Financial Institutions

Explore the theory and practice of banking in the 21st Century, specifically the facilitation role of banks as intermediaries between borrowers and lenders, and as providers of liquidity

Accounting Information & Markets

Develop your understanding of how reported accounting numbers affect firm value. Learn how firms’ disclosure choices may be perceived by market participants and how this affects the values assigned to those firms.

Applied Corporate Finance

Gain a deeper understanding of corporate finance theory and practice.

Behavioural Finance

Psychologists working in the area of behavioural decision-making have produced evidence against the adequacy of neoclassical economics. Behavioural Finance comprises financial analysis which relaxes some of these assumptions. It is a paradigm where financial markets are studied using models that are less narrow than those based on von Neumann-Morgenstern expected utility theory and arbitrage assumptions.

Corporate Governance and Financial Reporting

The aim of the module is to discuss the position of governance in corporate contracting and how it helps align the actions of managers with the interests of shareholders

Derivative Securities

Develop an in-depth understanding of the characteristics of different classes of derivative securities such as forwards and futures, swaps and options; the markets in which these securities are traded; their potential use as instruments for managing risk; methods for valuing these securities; and the application of these methods in other areas of finance.   

Financial Risk Management

Understand the need for financial risk management, the techniques to measure financial risks according to the regulatory framework, and tools for the management of risk exposure. You will also be introduced to quantitative methods of risk measurement and risk management.

Fixed Income & Credit Risk

Get to grips with the tools for the assessment and management of fixed income and credit risk.

International Financial Management

Extend your knowledge and understanding of the fundamental concepts of international finance, with emphasis on the operation of the spot and forward foreign exchange markets. Gain first-hand experience of forex markets via empirical data and trading contest, and develop critical reasoning skills in the context of international financial risk management. 

Judgement & Decision-Making

This module will introduce you to the psychology of human judgement and decision making. You will gain a broader understanding of decision-making throughout the finance industry, including strategic and managerial decision-making.  

International Financial Markets

You will be provided with an advanced survey of the theory and evidence relating to international financial markets, and in particular the foreign exchange market.

Management Accounting & Control

Gain an in-depth analysis of several key issues relating to the control of managerial performance. The module takes a critical stance and draws heavily on the latest research material, both theoretical and empirical, to examine topics of contemporary interest in the field of management accounting and control.

Market Microstructure

This module provides you with a broad introduction to how financial markets work on the micro level, an overview of modern financial markets for various securities, different types of traders, orders, and market structures.

Mergers and Acquisitions & Corporate Control

This module is designed to introduce you to the basic issues in mergers and acquisitions from corporate finance point of view and is based on the main research papers in the field.  

 

See core and elective modules for this course More Less

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