MSc Accounting & Finance
You will study six compulsory modules and two optional modules of your choice, one of which must be from Accounting. Finance modules are taken from our very successful MSc in Finance – one of the UK’s top finance courses.*
*The Financial Times ranks our MSc in Finance 11th in the world and 3rd in the UK in their Masters in Finance Pre-experience Ranking 2020
Every year we offer many optional 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 is a mix of exams, project work, and tests, with your 12,000 word 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.
A 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.
See indicative compulsory and optional modules for this course
This module aims to explore and formalise 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. The module is focused on making important links between financial theory and practice.
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.
Financial Accounting: Theory and Context
Develop awareness of the contingent and powerful nature of technical accounting. This module helps advance critical understanding of financial reporting quality and its role in generating trust in the capital markets.
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.
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 Optional Modules
Auditing & Assurance
Understand the social importance, nature and objectives of the audit function. You will also appreciate the issues and complexities of the audit process and the principles of audit practice.
Practice of Investment Management
This module aims to give students a realistic experience of the responsibilities involved in managing money for clients. It provides an introduction to practical investment management techniques, encouraging students to engage with current topics in the financial news and understand what effect such news may have for the securities they manage.
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.
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
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.
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.
Mergers & Acquisitions and Corporate Control
This module is designed to introduce you to the basic issues in mergers and acquisitions from a corporate finance point of view and is based on the main research papers in the field.
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. You will gain first-hand experience with forex markets via empirical data and trading contest, and develop your critical reasoning skills in the context of international financial risk management.