MSc Finance and Accounting modules

This programme takes you inside the world of accounts and financial markets. Working on real-world problems, you will soon start to think and act like the best in the business.

We paint a vivid picture of professional life. We’ll teach you about policy and governance. We’ll show you how to use the tools of the trade in our Financial Markets Trading Room which gives us real-time pricing and news feeds on shares, bonds, global indexes and interest rates. Then we focus on developing your skills.

You will learn the principles, strategies and techniques used by the world’s biggest players. You’ll learn how to interpret reports. We’ll show you how to use research to gain insight, evaluate ideas and make decisions. You will learn how to interpret accounting reports and the key skills essential for financial competence – critical if you are to excel in any field of business. Whatever career you choose to pursue, these skills will equip you for the future: entrepreneurs need financial insight to evaluate opportunities effectively and deal with banks and for a successful career in either an SME or multi-national, you will need to ground your decisions within a sound financial framework.

The techniques you acquire on our MSc Finance and Accounting programme will give you a set of practical skills, as well as the academic know-how.

Quantitative Methods for Finance and Accounting

  • Led by Dr Jiao Ji
  • Autumn semester, 15 credits
  • Assessment: Class test and examination

This module provides an understanding of the main mathematical, statistical and econometric techniques that underpin Finance and Accounting research and their application in practice.

Students will develop numerical and problem solving skills, including an introduction to econometrics, i.e. model-based measurement using the theory and techniques of statistical inference.

Corporate Finance

  • Led by Dr Tunyi Abongeh
  • Autumn semester, 15 credits
  • Assessment: Examination and group presentation

The purpose of the course is to give a solid foundation in principles of corporate finance and asset pricing to understand and analyse the major issues affecting the financial policies of corporations. More specifically, the following topics will be dealt with: the time value of money, valuation of bond and equity, risk/return tradeoffs, portfolio theory, initial public offerings, capital structure, payout policy, and market efficiency. The course focuses on the quantitative and advanced aspects of finance and is aimed at those students who intend to specialise in finance.

Research Methods for Finance and Accounting

  • Led by Professor Bill Lee
  • Spring semester, 15 credits
  • Assessment: 3,000 word research proposal

This module provides a general understanding of finance and accounting research methods. The module will equip students with the practical skills necessary to successfully complete a research project leading to the preparation of a dissertation. The module will consider how to develop appropriate research aims, objectives and questions. The module will address the available sources of data, data collection and analysis methods (quantitative and qualitative), and the philosophical underpinning of the principal research traditions. The module will also cover how to develop a critique of current literature, draw conclusions and form arguments as part of writing up a dissertation.

Comparative Finance and Financial Services

  • Led by Mr Jonathan Jeffery
  • Autumn semester, 15 credits
  • Assessment: Examination

This module introduces students to major features and origins of financial services, the different forms of banking arrangements that exist and the available alternative financing tools for corporations, small- and medium-sized enterprises and major infrastructure projects. It provides students with an analytical framework for understanding the different types of banks that exist and the financing tools that are available. It will also provide insights into the ways in which banks and providers of finance are regulated and the limitations to those forms of regulations.

Dissertation

  • Summer semester, 45 credits

The dissertation is the culmination of your master’s study and recognition of your capability to conduct a research project independently. Students can apply to undertake an organisation based dissertation project, arranged by the Management School. Working with an organisation, students can structure their project around a real business issue of challenge set by the host organisation. A student project will develop your employability skills, enhance your CV and give you the chance to use your insight to help an organisation develop.

Corporate Governance

  • Led by Dr Sharif Khalid
  • Autumn semester, 15 credits
  • Assessment: 2,000 word coursework and two-hour exam

The aim of this module is to introduce students to the key issues in corporate governance. The module covers the subject from a theoretical and practical perspective, with a particular emphasis on the financial aspects of corporate governance. The early part of the module discusses the theories underlying the study of governance, recent governance failures and policy initiatives to improve governance quality and accountability. The module proceeds to explore separately the main mechanisms of governance and specifically investigates whether governance characteristics influence corporate performance. In particular, the module examines the governance role of non-executive directors; audit committees; ownership structure; executive remuneration, audits and corporate social responsibility. The module also includes discussions of governance in an international context.

International Finance

  • Led by Dr Hanxiong Zhang
  • Sping semester, 15 credits
  • Assessment: Two-hour examination and 6,000 word group project

This module is designed to provide students with an in-depth understanding of specific issues in international finance and derivatives. Exposure to advanced finance concepts, knowledge and skills are provided, which are academically challenging and can also be applied practically in the workplace. Students will develop an understanding of international context within which large modern corporations operate and the opportunities and risks that multinational corporation’s face. The practical use of various financial instruments and strategies to manage risk will be highlighted through this module.

Issues in Finance

  • Led by Dr Tunyi Abongeh
  • Sping semester, 15 credits
  • Assessment: 3,000 word group coursework and examination

This module develops both theoretical and practical knowledge from corporate finance, financial markets and investment management by examining contemporary issues in finance.

Risk and Uncertainty

  • Led by Professor Sumon Bhaumik
  • Sping semester, 15 credits
  • Assessment: Examination and 1,500 word essay

Organisations continually face uncertainty regarding various aspects of the environment in which they operate and a myriad of risks associated with various aspects of their businesses. This module discusses the behavioural aspects of economic agents that shape their attitude towards risk and the weaknesses of risk management processes within corporations. It also discusses the process of managing uncertainty through the creation and management of a portfolio of (real) options and the process of managing different types of risks to which businesses are exposed. In the case of the latter, the emphasis will not only be on ways to manage risks but also on limits of risk management strategies. Specific examples and cases will be used to add context to the discussion about managing uncertainty and risk. This is, however, not a module about financial derivatives.

Philosophical Perspectives on Accounting, Financial Management and Finance

  • Led by Dr Stewart Smyth
  • Autumn semester, 15 credits
  • Assessment: Three-hour examination

The aim of this module is to introduce students to key philosophical concepts that can enhance and develop their understanding of the roles of accounting, financial management and finance in organisations and society. You will explore key philosophical debates and their application to global, topical issues in accounting and finance. You will also learn about philosophical perspectives that suggest alternatives to current accounting, financial management and finance practices. In addition, the module will enhance your critical reasoning capabilities helping you to develop employability and life-skills. In this way, you will develop a critical appreciation of key philosophical issues related to both research and practice.

Management Accounting

  • Led by Dr Mirna Jabbour
  • Autumn semester, 15 credits
  • Assessment: Examination

This unit will introduce students to the importance of management accounting’s contribution to control and management of organizations. The unit will ensure students are familiar with essential internal budgetary and investment appraisal techniques, as well as with important contemporary developments including; activity-based management and costing, the balanced scorecard, just-in-time and throughput accounting, target costing and the applicability of such ideas, techniques and systems to a range of different contexts. The unit will use both academic empirical studies and corporate materials to ensure students develop a critical appreciation of how management accounting knowledge is employed in practice.

Financial Accounting and Financial Statement Analysis

  • Led by Dr Lei Chen
  • Autumn semester, 15 credits
  • Assessment: Three-hour examination

This module is designed to equip students to analyse and interpret the published financial statements of listed companies. Students will gain an understanding of the important components of financial statements and of the impact of different economic, institutional and regulatory bodies on the forms of accounts. Students will develop analytical and numerical skills, including the ability to calculate, critique and use accounting ratios and to prepare company and share valuations utilising published financial information. Students will also learn how to supplement financial data from the contextual and forward-looking narrative in published financial reports.

Emerging Market Finance

  • Led by Professor Sumon Bhaumik
  • Spring semester, 15 credits
  • Assessment: 1,500 word essay and examination

The module will discuss the rationale and process of financial liberalisation in emerging market economies, emphasising the challenges associated with striking the balance between liberalisation of the financial sector to enhance allocational efficiency of financial resources and regulations to mitigate market failure and systemic risk.

This unit aims to inform students about the complexity of reforming the financial sector in emerging market economies, and the challenges associated with the balance that has to be struck between liberalisation of the financial sector to enhance allocational efficiency of financial resources and regulations to mitigate market failure and systemic risk. In addition, wherever relevant, students will be exposed to the debate about the impact of these reforms on the real sector.

Financial Management

  • Led by Mr Mohammad Rajjaque
  • Spring semester, 15 credits
  • Assessment: Examination

This module aims to provide knowledge about the ways in which organisations raise finance and how they make decisions under a variety of conditions of how best to use that finance once it has been raised. As such the module will introduce the students to different types of markets, the regulation of those markets and the different types of finance that are available in those markets. Students will also be introduced to the different uses that organizations may make of finance and a range of decision-making tools that are used to select between different uses of available finance.

Portfolio Management and Investment

  • Led by Dr Hanxiong Zhang
  • Spring semester, 15 credits
  • Assessment: 3,000 word report

This module will introduce students to the different investment instruments in global financial markets and how these are traded. It will address new developments, such as exchange traded funds, retail bonds and traditional asset classes such as equities, gilts, corporate bonds and how these assets can be analysed and combined to form an efficient investment portfolio.

The content of our courses is reviewed annually to make sure it is up-to-date and relevant. Individual modules are occasionally updated or withdrawn. This is in response to discoveries through our world-leading research, funding changes, professional accreditation requirements, student or employer feedback, outcomes of reviews, and variations in staff or student numbers. In the event of any change we'll consult and inform students in good time and take reasonable steps to minimise disruption.

Information last updated: 29 November 2019


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