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
Tuition fees
You can find fee information on our fees table.
 

Overview

This specialist course will further your existing knowledge of accounting and finance, building on the theory and application of accounting and finance principles.
Read full overview

The MSc Accounting and Finance is designed to enable you to become a financial specialist in any business setting, or to pursue further postgraduate study.

Those with financial acumen have a key role to play in organisations, and will always be in demand. This course offers you the opportunity to enrich and broaden your understanding and appreciation of important topics within accounting and finance while engaging in current debate on the topics.

You will take lectures and have the opportunity to interact and share your views in smaller groups. Core modules in key areas of accounting focus on quantitative research methods, while a number of optional modules are available so that you can tailor the degree to suit your individual interests and career aspirations.

Presessional English for Academic Purposes

Accredited by the British Council for the teaching of English, the Centre for English Language Education (CELE) runs 10-week and 5-week business and management English language and study skills courses. These courses are designed in collaboration with Nottingham University Business School and prepare students going on to programmes in business and management.

If you are close to the English language level you need to go on to this course and you meet the entry requirements for the relevant CELE course, you may be eligible for a joint offer. This means that:

  • you only need one TIER 4 visa and CAS
  • you take a 10 or 5-week English language and academic skills preparation course, and then go onto your MSc course
  • your progression to the MSc is automatic, provided you attend and complete all the coursework

Students who enter via the CELE route are exempt from paying the school's £1,000 reservation fee. For more details, please contact us.

Key facts

  • The Business School, across all three campuses (UK, China and Malaysia), is EQUIS accredited by the European Foundation for Management Development (EFMD) - one of the world's leading accrediting bodies for business schools
  • In the latest Research Excellence Framework (REF) we ranked 6th for research power out of 101 UK business and management institutions
  • We are ranked 12th in the UK for accounting and finance in the QS World University Rankings by Subject 2016 (top 100 worldwide)
 

Course details

You must accumulate 180 credits to qualify for the award of MSc; 120 from modules taught and examined during two 15-week semesters.

Each taught module typically consists of ten 2-3 hour sessions. Assessment is a combination of individual essays or group projects and written exams.

The remaining 60 credits of this course are allocated to a 2,000-word proposal and a 12,000-word individual dissertation on an approved, relevant subject, which is completed over the summer period for submission in September.

 
 

Modules

Semester one

Core

Corporate Financial Strategy

The module covers the traditional content of a Corporate Finance course: 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; and Case study Research in Management Accounting.

 
Further Quantitative Research Methods

The module includes matrix algebra, differential calculus, multiple regressions, time series, qualitative response and panel data models.

 
Introduction to Research Methods

Part 1: Introduction Quantitative Analysis (compulsory) - Survey design and measurement, Introduction to statistics; hypothesis testing, t-tests, ANOVA, Regression Analysis and Factor Analysis.

Part 2: Introduction Qualitative Analysis (compulsory) - This part of the module will be concerned with epistemological issues as well as the collection and analysis of qualitative data.

 

Semester two

Core

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

Choose two modules from the following list (subject to any pre-requisites):

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 the following:

  • 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 course.

 
Quantitative Risk Management

The module covers the following:

  • 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

Funding may be available through the Business School. Funding information can also be found on the Graduate School website.

International and EU students

The University of Nottingham offers a range of masters scholarships for international and EU students from a wide variety of countries and areas of study.

Applicants must receive an offer of study before applying for our scholarships. Please note the closing dates of any scholarships you are interested in and make sure you submit your masters course application in good time so that you have the opportunity to apply for them.

The International Office also provides information and advice for international and EU students on financing your degree, living costs, external sources of funding and working during your studies.

Find out more on our scholarships, fees and finance webpages for international applicants.

 
 

Careers

Postgraduate careers team

As a postgraduate student in Nottingham University Business School you will have access to our specialist in-house postgraduate careers team to help you develop your career management skills and explore your career options. Through a combination of your academic studies and the careers support on offer you will be in an excellent position to enhance your career prospects.

Average starting salary and career progression

In 2015, 97% of postgraduates in the Nottingham University Business School who were available for employment had secured work or further study within six months of graduation. The average starting salary was £29,221 with the highest being £55,700.*

Career destinations for our graduates include accountants, finance and investment analysts, higher education teaching professionals, investment bankers, IT business analysts, management consultants, marketing professionals, public relations professionals and university researchers.

* Known destinations of full-time home higher degree postgraduates 2014/15. Salaries are calculated based on those in full-time paid employment within the UK.

Career prospects and employability

The acquisition of a masters degree demonstrates a high level of knowledge in a specific field. Whether you are using it to enhance your employability, as preparation for further academic research or as a means of vocational training, you may benefit from careers advice as to how you can use your new found skills to their full potential.

Our Careers and Employability Service will help you do this, working with you to explore your options and inviting you to attend recruitment events where you can meet potential employers, as well as suggesting further development opportunities, such as relevant work experience placements and skills workshops.

 
 
 
Get in touch
+44 (0)115 951 5559
Make an enquiry

Contact

Nottingham University Business School
Jubilee Campus
Nottingham
NG8 1BB
Social Science videos

Social Science videos

 
 

Student Recruitment Enquiries Centre

The University of Nottingham
King's Meadow Campus
Lenton Lane
Nottingham, NG7 2NR

t: +44 (0) 115 951 5559
f: +44 (0) 115 951 5812
w: Frequently asked questions
Make an enquiry