MSc Accounting and Financial Management MSc
About the course
This course is aimed at those with a business-related degree who wish to extend their financial expertise. It is not for those who have studied Accounting at undergraduate level. This course is designed to prepare students for careers in business that require a particularly strong accounting and finance emphasis. The knowledge gained on this course will allow graduates to understand and interpret financial data.
This course provides an opportunity to study a body of academic knowledge that can be applied in a managerial context. In doing so, it will help expand your intellectual ability and develop higher level analytical skills so that any problems you encounter in your future career can be critically examined using an accounting and finance perspective.
Why choose this course?
- Study a course to provide you with the relevant skills to pursue a career in business with an accounting and finance focus.
- Benefit from the skills, knowledge and industry experience of our academic staff.
- Develop a fluency in finance to support your career in a broad range of areas.
An honours degree (at least 2:2 or above) in a business-related discipline with evidence of numeracy or relevant professional qualification but is also possible for the part time route for entry to be based on work experience in a related business role over a number of years.
All students from non-majority English speaking countries require proof of English language proficiency. The following qualifications and grades will be considered:
- GCSE English language grade A-C
- IELTS 6.5 (with no less than 5.5 in any band)
Other English language tests are accepted. Please contact the International Office for details.
If you do not have the required level of English for entry, our academic English courses can help you to achieve this level.
Graduates of this programme are ideally placed to follow careers in accountancy or in the financial services sector.
In previous years, students have progressed to work for companies such as KPMG and Deloitte, with typical job roles including Financial Analyst or Chartered Accountant.
We offer a varied programme of teaching that includes facilitated seminars, practical workshops, web-based learning, case study analysis and traditional lectures. We also provide sessions by visiting staff, practitioners and consultants to give a varied perspective of the topics covered.
You will be assessed through a variety of coursework including presentations, reports and projects. You will also be required to complete a dissertation and will be supported by a dissertation supervisor.
Accounting for Business Decisions
Indicative content; 1. Management and cost accounting concepts, terms and role 2. Short-term decision-making 3. Planning and control 4. Measuring performance 5. Evaluating performance 6. Performance and decision-management frameworks 7. Investment appraisal 8. Contemporary issues 9. The role of financial accounting, the accounting principles and the regulatory framework 10. Financial statements of limited companies' income statement, balance sheet, cash flow 11. Published financial reports 12. Ratio analysis Core content and an overview of each topic will be delivered via weekly lectures and tutorials, which use case studies and other practical scenarios, supplemented by students’ private study
Applied Project for MSc AFM
The applied individual project offers each participant the chance to work independently on a topic of direct relevance to their own career/research while developing the analytic skills to locate, critically evaluate, present and analyse relevant theories and data to support conclusions and recommendations. Students will develop the skills needed to integrate and apply learning from the programme's taught modules to a complex problem, and/or provide the opportunity to develop an in-depth understanding of the challenges faced by a specific organisation in the context of an uncertain business environment. Students will develop a creative and balanced approach to problem-solving, using both facts and theoretical insights to identify and evaluate strategic options from a range of stakeholder perspectives. The work on the project will enhance business experience and will be supervised in a flexible manner as appropriate to the student, supervisor and workplace requirements.
Effective Governance and Accountability
This module is designed to provide an insight into the area of corporate governance. Initially, the importance of effective corporate governance is established and the roles of key parties involved examined. The UK approach to corporate governance is evaluated and contrasted with other approaches internationally. Corporate governance is a continually developing discipline and the module also provides an opportunity for students to discuss and debate topical issues.
Emerging Issues in Accounting and Finance
The module will allow students to use their knowledge of accounting and finance theory and apply this to emerging issues within accounting & finance. Students will develop empirical research skills necessary in accounting and finance research further building on their understanding of accounting and financial management theory enabling them to critically evaluate current practice. Broadly the module will cover: Accounting & Finance Theory How accounting theory determines financial accounting, management accounting and corporate finance practice The evaluation of the effect of regulation requirements and accounting policies and how this may affect management behaviour Whether the development of accounting policies, corporate finance practice and regulatory reporting is determined by previous failures. The effect of regulation on published information and the understanding of investors Emerging issues will be critically evaluated by the use of case studies and current published information and discussions.
Finance for Business Decisions
The first part of this module introduces students to the main theories and practice of financial management within organisations. It will focus on how organisations are funded, the measurement of and creation of economic value, internal financial controls and performance measurement. The second part of the module provides students with the opportunity to apply their knowledge of financial management in the context of financial strategy. Students will be required to use a variety of academic and practical models within a series of case study related scenarios. Typical content could include: Funding and rewards to the providers of finance Value creation and measurement (including capital budgeting, asset and company valuation. Internal financial controls (treasury management and working capital control, performance appraisal, risk measurement and analysis) Financial strategy and value creation.
Professional and Research Skills for Financial Managers
The module provides students with a series of academic skills and study strategies which will underpin their other studies. The module is composed of several themes which will include communication, thinking and methods of enquiry, IT-literacy, numeracy and the nature of knowledge. These will allow students to effectively match problem-solving techniques to different scenarios. In doing so, students will be expected to operate in teams, reflect on their practice and recognise aspects for self development and improvement. The module selects a series of issues that are pertinent to accounting and finance in practice. The module also prepares students for the skills required for the Applied Project such as - Introduction to various research methods and concepts. - Principles and practices of qualitative and quantitative research. - Conducting and structuring a critical literature review. - Academic writing and conventions in research. - Developing a research proposal. - Deciding on research design. - Ethical issues in research. - Analysis and presentation of results. - Determinants of a good quality masters project
Fees & funding
Full time: £6,100 for the 2016 academic year
Part time: If you decide to study this course on a part time basis you will be charged on a modular basis. The cost is £510 for each 15-credit module
Full time: £12,000 for the 2016 academic year
Other financial support
Living costs / accommodation
The University of Hertfordshire offers a great choice of student accommodation, on campus or nearby in the local area, to suit every student budget.
Key course information
- Course codeBSAFM
- Course length
- Full Time, 1 Years
- Part Time, 2 Years
- University of Hertfordshire, Hatfield