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Accounting and Finance MSc

The financial environment is an ever-changing landscape that impacts businesses, organisations and sectors across the globe. Our course prepares the financial professionals of the future and teaches the skills required for an exciting career in the fast-paced world of finance. 

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Overview

An ideal choice for both new graduates and finance professionals looking to progress their career, this programme is the opportunity to specialise in different areas of accounting and finance. It helps prepare full-time students for entry-level positions and provides career development opportunities for roles such as accountants, auditors, managers, business consultants and finance analysts.

You will get practical experience of accounting and finance tools, techniques, databases, and research skills. The programme leads with three core taught modules: Contemporary Issues in International Financial Reporting, Evaluation of Management Accounting, and Applied Corporate Finance. You will also undertake a Research Methods module which develops and enhances your research skills, and helps prepare you for your dissertation. In the second term, you will learn about Portfolio Management and undertake Applied Trading using the financial databases in our Trading Room, simulating the practical aspects of investment and trading.

In addition to these core areas, students can select an area of interest and specialism from a comprehensive list of elective modules. This allows you to design your own personal pathway, combining core modules with specialisms that are in line with your interests and career ambitions. Specialisms may include business analytics, governance and social responsibility, assurance and risk, and behavioural finance.

This course provides career entry opportunities for full-time students as well as being an ideal choice for accountants, auditors, managers, business consultants and finance experts from various backgrounds to learn new skills that support career development.

Key features

  • The programme qualifies successful students for the Chartered Institute of Management Accountants (CIMA) Masters Gateway accelerated entry route.
  • You can design your own course through combining core and optional modules, enabling you to devise your own personal pathway and tailor your degree to your areas of interest and future career plans.
  • You will increase your employability by developing a more in-depth understanding of accounting and finance issues for the private and public sectors, both nationally and internationally
  • You’ll have access to the Executive Business Simulation, a sophisticated, software-driven experience that’s useful for learning to meet deadlines, work as part of a team, and develop team leadership skills through role-play.
  • You can expand your knowledge of applied trading in our Trading Room, where you’ll work first-hand with industry-standard tools and techniques.
  • Across the programme you can put your theory and learning into practice with case studies and simulations.
  • You can learn about data structuring, modelling and visualisation techniques in our innovate Business Analytics module.

Scholarships

At DMU, we are committed to helping our graduates enhance their careers and personal development through further study.

International Scholarships
Find out about available scholarships and country specific fee discounts for international students. 

More courses like this:

International Banking and Finance MSc
International Finance and Investment MSc
MSc Forensic Accounting/ Forensic Accounting (Applied)
International Business and Finance MSc

  • UK
  • EU/International

Institution code: D26

Programme code:
N40080

Duration: 12 months

Start date: September 2023

Fees and funding:

2023/24 tuition fees for UK students: £9,950

Find out more about course fees and available funding.

Find out more about additional costs and optional extras associated with this course.

Institution code: D26

Duration: 12 months

Start date: September 2023

Fees and funding:

2023/24 tuition fees for EU and international students: £17,200

Find out more about course fees and available funding.

Find out more about additional costs and optional extras associated with this course.

Entry criteria

Entry criteria

2:2 or above in a UK bachelor’s honours degree in an accounting, finance, economics, banking or business-related subject or overseas equivalent. Applicants with non-standard circumstances such as APEL or RPL can apply for exemptions on an individual basis. Fully qualified professional accounting applicants, such as CIMA/ACCA/ICAEW/ICAN/CPA/CA and three years’ work experience plus examinations, can apply for accelerated entry onto the programme on a part-time basis.

 

English language requirements

If English is not your first language an IELTS score of 6.0 overall with 5.5 in each band (or equivalent) when you start the course is essential.

English Language tuition, delivered by our British Council-accredited Centre for English Language Learning, is available both before and throughout the course if you need it.

Structure and assessment

 

Course modules

Teaching and assessment

Accreditations

 

Course modules

 

This is how the programme will look:

 

 Semester One (September -January) 

 LBPG5009 Executive Business Simulation  

 ACFI5067 Contemporary Issues in

International Financial Reporting

 ACFI5068 Management Accounting  

 ACFI5069 Applied Corporate Finance 

 ACFI5070 Research Methods 

 Semester Two (January - May) 

ACFI5077 Portfolio Management

ACFI5071 Applied Trading  

 Choose one from the following: 

 ACFI5073 Business Analytics 

 ACFI5074 Governance & Social Responsibility

 ACFI5076 Assurance and Risk 

 ACFI5078 Behavioural Finance 

 Semester Three (May -September)  

 ACFI5028 Dissertation 

 LBPG5030 Business Research Project 

 60 credits 

 (one of two) 

 

Contemporary Issues in International Financial Reporting

This module introduces the learner to broader and deeper understanding of the contemporary and important issues concerning international financial reporting regime. It discusses the increasing role of international financial reporting regulation, the politics thereof and the critical debates in different jurisdictions. As such, this module allows students to deliberate upon the important developments in international financial reporting from a historical, social, political and professional standpoint. It critically evaluates the implications which financial reporting has on businesses and societies. A further focus is on the increasing trend and importance of non-financial reporting areas such as sustainability accounting and corporate social responsibility of businesses.

An Evaluation of Management Accounting 

This module examines the application of management accounting within a coherent theoretical framework. You will analyse the fundamentals of costing within a multi-product business environment and contextualise the same through the use of case studies. Control, evaluation and performance measurement techniques will also be critiqued. During this module you will make use of contemporary research literature in the field of management accounting. The module will make use of contemporary research literature in the field of management accounting to examine the role of the management accountant and the application of management accounting techniques in practice

Applied Corporate Finance

This module provides students with a broad understanding of the ways that capital is raised to create, grow and restructure firms. The aim of the module is to guide students on the techniques used to appraise and report on investment and financing decisions. You will be shown how corporate finance decisions impact the value of the firm and impact shareholders and other stakeholders. Case Studies will be used to illustrate the impact of various corporate decisions.

Research Methods

This module provides students with a broad understanding of business and academic research methods. It is designed to help students prepare for a Dissertation or Business Research Project. Students will be guided on the selection and planning a suitable research project, the module will review research design, paradigms and ethics, including the broader ethical impact of research. The module covers a wide range of qualitative methods for data collection and analysis, including interviews, questionnaires, focus groups, observations and content analysis. Students will be guided on the financial and secondary datasets available at DMU. The module covers a subset of quantitative techniques to guide students on the use Excel and or R, including descriptive statistics, confidence intervals, one and two-sample tests, ANOVA, chi-squared test, selected non-parametric tests, and regression. The module concludes with an overview of mixed methods, and the visualisation and presentation of research results.

Portfolio Management

Taught from the portfolio manager’s perspective, issues in price formation for all the major asset classes will be explored. Markets will be investigated with particular attention to the fundamental and non-fundamental components of securities pricing. To this end you will examine the standard valuation methods in addition to concepts arising from the behavioural finance literature. Optimal portfolio allocation will also feature. The overriding objective of the module is to provide a framework for well-placed investment decisions and to become familiar with the various investment strategies, providing a knowledge base for those wishing to pursue professional qualifications in this field.

Applied Trading

This module provides students with a broad understanding of the skills needed to turn clients' investment objectives into trading strategies. It is designed to help students prepare for roles in investment firms, regulators, and clients.  

Students will be guided on the links between finance theory and trading. Students will be given a simulated portfolio to manage on behalf of a client. During the module, students will report to, and make trading recommendations on behalf of, their client. These reports and recommendations will be in response to real-time daily news, and in response to changes in the client's investment objectives.  

Students will need to apply their knowledge of finance theory, and portfolio management, in this changing situation. The module emulates many aspects of a trading floor. Students will learn how to analyse the impact of trading strategies on risk and return. Students will gain an understanding of hedging.

Each student will be assigned a sector, or situation, to follow using the news feeds in Bloomberg and Refinitiv. Students will be required to analyse the impact of proposed changes in trading strategies. Students will learn how to write Excel macros, and how to perform financial calculations to report back to the client.

Business Analytics
This module integrates accounting and financial theory with the science and art of discovering and analysing patterns, identifying anomalies, and extracting other useful information in financial and economic datasets. This module takes a practical approach to prepare you to analyse and get a grasp of the most required data structuring, modelling and visualization techniques by employers. You will gain business insights for decision making by participating in business analytics simulations and you will be able to present dynamic reports to a diverse audience.

Governance and Social responsibility

The module offers an understanding of corporate governance and social responsibility. The aim is to analyse the effects of corporate governance and social responsibility and to consider the role key stakeholders such as institutional investors play in corporate governance. You will review academic journals and make recommendations with regard to factors that influence corporate governance and social responsibility.

Behavioural Finance

The module will provide you with an understanding of behavioural finance theories. We will examine the impact on stock markets of credit conditions, behaviour (biases and heuristics), institutions, and culture. You will be shown how to use behavioural finance theories to explain financial crises and stock market bubbles. The module reviews the evidence for and against market efficiency, momentum, reversal, over-reaction, and under-reaction. You will be encouraged to think critically about the implications of behavioural finance theories for financial and regulatory decision-making.

Dissertation

You must also undertake a dissertation, providing an invaluable opportunity to work in depth on a particular aspect of accounting and/or finance (in its broadest sense) and to apply and enhance your technical knowledge and critical awareness in a subject of your choice.

Business Research Project

The Business Research Project (BRP) is an individual consultancy project that serves as a commercially and employability-relevant experience, and is an alternative to the dissertation. It requires you to compile a 10,000 word report that acts as a solution to a business research challenge. The assessment is in two phases; A. Situational brief, to ensure that you fully understand the project requirement (in a similar way that a marketing consultancy would send a proposal), and B. Main report, which includes details of the research / analysis / recommendations. Each project is summarised on a BRP brief, a one-page document that gives a succinct description of the organisation, the overall project, the specific skills you have developed, and the expected outcomes

Note: All modules are indicative and based on the current academic session. Course information is correct at the time of publication and is subject to review. Exact modules may, therefore, vary for your intake in order to keep content current. If there are changes to your course we will, where reasonable, take steps to inform you as appropriate.

Teaching and assessment

Modules include formal lectures, tutorials, workshops and interactive sessions.

Teaching contact hours

This is a full-time course so you should be prepared to devote approximately 38 hours a week to your studies. You will typically have up to 8 synchronous hours of teaching most weeks for semester 1 and 2. Teaching is through a mix of lecturers, tutorials, seminars and lab sessions and the breakdown of these activities is shown in each module description.

In addition each module provides a 2 hour surgery each week available for individual consultation with the lecturer. You may also have some scheduled meetings with your programme leader, personal tutor, and/or careers throughout the year to discuss your academic progress and personal development.

Self-directed study: In order to prepare for, and assimilate, the work in lectures and seminars you will be expected to make regular use of our on-line resources, participate in classroom discussions including on our virtual learning environment (VLE) and engage in personal study, revision and reflection for approximately 24 hours per work during semester 1 and 2.

In semester 3, you will undertake independent research for your dissertation (or In-company project), and again should typically allow around 38 hours per week for this. You will be allocated a dedicated academic supervisor to support you, who you will be able to contact on a regular basis.

Accreditation

This programme qualifies successful students for the CIMA Masters Gateway accelerated entry route.

Facilities and features

Hugh Aston Building

You will have access to our purpose-built Hugh Aston Building, equipped with lecture theatres and classrooms, break-out spaces for group work, quiet study zones for individual work and IT labs. Wherever possible, students will be given home access to specialist software.

You’ll also have access to the building’s new £5.5 million extension called The Yard, which provides more than 22,000 square metres of extra space. This is designed to facilitate your learning experience with large and airy breakout spaces, a new Student Advice Centre, and a balcony on the top floor. The Yard also features more comfortable classrooms and self-study spaces, allowing you to carry out independent study as well as group work.

Library services

On campus, the main Kimberlin Library offers a space where you can work, study and access a vast range of print materials, with computer stations, laptops, plasma screens and assistive technology also available. 

As well as providing a physical space in which to work, we offer online tools to support your studies, and our extensive online collection of resources accessible from our Library website, e-books, specialised databases and electronic journals and films which can be remotely accessed from anywhere you choose. 

We will support you to confidently use a huge range of learning technologies, including Blackboard, Collaborate Ultra, DMU Replay, MS Teams, Turnitin and more. Alongside this, you can access LinkedIn Learning and learn how to use Microsoft 365, and study support software such as mind mapping and note-taking through our new Digital Student Skills Hub. 

The library staff offer additional support to students, including help with academic writing, research strategies, literature searching, reference management and assistive technology. There is also a ‘Just Ask’ service for help and advice, live LibChat, online workshops, tutorials and drop-ins available from our Learning Services, and weekly library live chat sessions that give you the chance to ask the library teams for help.

Learning zones

Our Learning Zones and The Greenhouse also provide space for group or individual work and study.

There are 1,600 study places across all library locations, more than 700 computer stations, laptops to borrow, free wi-fi and desktop power outlets.

You can also book rooms with plasma screens, laptops and DVD facilities for group work and presentations, secure an individual study room with adjustable lighting or make use of our assistive technology.

Opportunities and careers

Find the people who will open doors for you

DMU's award-winning careers service provides guaranteed work experience opportunities DMU Works
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#DMUglobal

This is our innovative international experience programme which aims to enrich your studies and expand your cultural horizons – helping you to become a global graduate, equipped to meet the needs of employers across the world.

Through DMU Global, we offer a wide range of opportunities including on-campus and UK activities, overseas study, internships, faculty-led field trips and volunteering, as well as Erasmus+ and international exchanges.

While overseas DMU Global opportunities are not currently possible, DMU will continue to review government advice and if travel is permitted, we hope to offer a small number of extra-curricular opportunities in the summer of 2021. 

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Graduate careers

Enhance your existing qualifications and global career prospects with a specialist master’s in business economics and business finance. This course will provide advanced preparation for careers in the policy making, organisational decision making and the financial world.

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