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Masters in Accounting

Masters in Accounting and Finance

This Masters degree will deepen your knowledge in accounting and finance and help you enter careers in financial markets or financial services.

At a glance

  • Offers a blend of theoretical, research and practice led content
  • Developed as a collaboration between Henley’s BISA department and the ICMA Centre
  • Benefit from professional exam exemptions from the Chartered Institute of Management Accounting (CIMA) Accreditation.
  • Gain insight into the accounting process
  • Includes an independent research project which applies to real companies
Level
Masters
Subject area(s)
Accounting
Award
MSc
Duration
12 months
Attendance
Full-time
Programme Director
Ekililu Salifu001redone 75iw160su
Dr Ekililu Salifu

This Masters programme has been developed as a collaboration between our Business Informatics Systems and Accounting (BISA) department and the International Capital Market Association (ICMA) Centre. The course is suitable for accounting graduates.

What it gives you

This Masters degree helps you to deepen your knowledge of accounting and finance. It is designed to help you enter the financial markets or advisory/financial services industry, as an analyst or professional accountant. This MSc degree can also serve as a preparation for further research at PhD level.

With a blend of theoretical, and practice-led content, you will learn to develop conceptual and theoretical perspectives of accounting and financial practices. It will also enable you to understand the role of information systems within those processes.

COVID-19 update

Our module descriptions below are correct for modules being taught in the current academic year. Optional module listings are indicative and may be subject to change.

Compulsory modules Credits

This module is an introduction to accounting information systems. It initially covers fundamental concepts in information systems, information management and business-IT alignment in the context of accounting practices. In addition, it will explore how technologies underpin governance, risk and compliance activities within public firms. It builds on both theoretical concepts as well as established industry best practice including COSO’s Internal Control/ERM frameworks and ISACA’s CoBIT. As a practical component of the module, commercial accounting software will be introduced to study their features.

20 [10 ECTS credits]

What am I going to do when my course ends, and how am I going to achieve it? This module has been designed to help Accounting, Informatics and Business Management students answer those two questions, and empower them to take the actions required. It’s a suite of sessions that pays close attention to the general pathways Business Management, Accounting and Informatics students tend to take, and their aspirations as expressed during pre-sessional career activities & induction surveys. Students will choose this the mix of custom-made sessions that best suit their stage in life and supplement them with the open careers programmes offered at the University, the online content on the Henley Careers Blackboard site and 1-2-1 careers consultations.

0 [0 ECTS credits]

The module considers accounting as a social and institutional practice and focuses on wider social implication of financial reporting. Financial statements are a key source of information about the economic as well as overall activities of a firm. This course is intended to enhance the student''s ability to relate economic events to financial statements and disclosures. It also seeks to aid in developing a coordinated set of concepts and principles to serve as a framework for analysing a wide variety of financial reporting issues. The course also explores the regulatory environment and political climate, and how these link with the development of existing and introduction of new standards and their underlying theories.

The module covers a number of theoretical perspectives such as deductive approaches, based on the notion of financial accounting as the measurement of economic income and value (including applications to current accounting controversies); economic approaches, regarding corporate financial reporting as an information system, including signalling and disclosure, and studying the demand for and supply of accounting information in a market setting and its stock market impact; and regulatory/institutional approaches, examining the nature of and case for and against the regulation of corporate financial reporting. Illustrations are provided on how these theories are used in standard setting and in valuation.

20 [10 ECTS credits]
20 [10 ECTS credits]

The objective of the module is to give students an introduction to econometrics so that they might understand the analytical techniques used in the finance research literature. Via case studies and computer modelling exercises, students then learn how to apply these techniques to real data. Emphasis is placed on practical applications of the techniques in the global financial markets.

10 [5 ECTS credits]

Management accounting can be studied as a heterogeneous collection of techniques used to measure and analyse the resources, processes and outputs of organisations. While it is important to understand the techniques, it is equally important to study how those techniques are used. A good understanding of costing techniques is assumed as the module explores beyond these to their application in practice and questions their use(s) and role(s) in organisations from a theoretically informed perspective.Much of the research in management accounting explores the role of the management accountant and the application of management accounting techniques in practice, through a variety of theoretical lenses. The module will draw on published case studies to analyse contemporary management accounting in practice

20 [10 ECTS credits]

This module is designed to support students to acquire knowledge and skills in carrying out research in accounting and financial management. It covers the process of research from the formulation of a research proposal to dissemination of results. It guides students in the preparation and planning of research projects through the knowledge, skills and awareness of elements required in approaching research, including: literature review, research paradigms, methods and techniques, research design, writing a research proposal, project planning and management, ethical issues, and writing research reports.

10 [5 ECTS credits]
20 [10 ECTS credits]

Either/Or

Optional modules Credits

This module aims to provide an opportunity for students in PG programmes to develop relevant skills to manage an independent research project, in terms of critical evaluation of existing literature, and appropriate collection and analysis of accounting and finance information. The completion of the project will be guided and supported by supervisors with relevant expertise in accounting and financial management.

20 [10 ECTS credits]

This module provides students with a critical understanding of contemporary issues in corporate governance and accountability with a focus on the need for, and in some cases, apparent lack of, ethical corporate conduct.

20 [10 ECTS credits]

Optional modules:

Students choosing MMM049 must choose two spring term optional modules to the value of 40 credits.

Students choosing ACM001 must choose one spring term module to the value of 20 credits.

Spring Modules

Optional modules Credits
20 [10 ECTS credits]
20 [10 ECTS credits]
20 [10 ECTS credits]
20 [10 ECTS credits]

The main aim of the module is to provide a rigorous grounding of the theory and practice of corporate finance and more specifically the long-term financial management decisions of the firm pertaining to investments, financing and payout and how they affect its value. It deals with how corporations are governed, their financing structures, payout policies, the processes involved in the issuance of public and private equity, as well growing through inorganic investment (mergers and acquisitions). The module also extensively dealsParticipants also gain exposure to with advanced financial analysis and enterprise valuation methods employed by financial advisors/investment banks as part of advising corporations. Students on this moduleThey also take part in a bespoke investment banking pitch-book simulation challenge whereby they have to work with as part oftheir a team and to produce a real life pitch-book including financial analysis on a real transaction as part ofand assessing the company’s strategic alternatives.

20 [10 ECTS credits]

Summer Modules

Students choosing ACM001 must choose one summer term module to the value of 20 credits.

Optional modules Credits
20 [10 ECTS credits]

This less quantitative module is an in-depth study of an important financial product - stock index futures. It covers how they are traded, why they are traded, how they are priced, how to arbitrage between index futures and equity markets, and how to design new stock index futures.

20 [10 ECTS credits]

The module or course content descriptions set out on this page are correct for those being taught in the current academic year. Modules or course content marked as optional are indicative and may be subject to change.

A holistic approach

Effective leadership requires more than first-class business acumen, it also requires a degree of self-awareness and sensitivity. Our Masters programmes offer you a unique practice-centred approach to teaching equipping you with the tools to become a compelling leader. This approach creates emotionally intelligent graduates who can be fully effective in their chosen careers.

How you will learn

Henley has a strong reputation for the practical application of business ideas and concepts. We are underpinned by academic excellence and the strength of our research. We offer high-quality technical skills training as well as a deep understanding of the importance of personal development for leaders. This is a thread that is woven through all of our Masters programmes.

Our Masters programmes feature a mix of core and optional modules, tailoring your degree towards your needs and career ambitions. You will complete up to 10 taught modules during your programme, totalling 180 credits. One module usually equates to 20 credits or 10 hours of work per week. Your week will include lectures, tutorials, workshops and personal study, with each accounting for 25% of your time on average. This provides you with the opportunity to discuss and explore the material in depth with your lecturers and fellow students.

You will be introduced to the latest thinking and research findings then have the opportunity to challenge those that have created it. You will also explore real-world issues, tackle current business challenges, and interact with guest lectures and speakers from industry. This gives you the opportunity to test, extend and refine your knowledge and skills with confidence.

How we assess you

You will learn and be assessed through a wide variety of teaching methods which vary depending on your chosen Masters programme. These include online materials and multimedia content, guest lectures, individual and group assignments, case studies, field visits, dealing room simulations, presentations, applied projects, consultancy work and examinations.

On average examinations form between 50 - 70% of the assessed work. The remaining comes from coursework, in class tests, written dissertation or project depending on your chosen programme.

Ongoing support

While Masters students are self-motivated and determined individuals, study at this level can present additional pressures which we take seriously. Lecturers are available to discuss the content of each module and your academic tutor can meet with you regularly. Support staff are here to help with anything that may arise during your time at Henley.

How can Henley Careers work with you?

We have an award-winning careers team that will support you through your postgraduate studies and four years after graduation.

Here is how Henley Careers can help you:

  • Careers Consultant appointments: Our Careers Consultant are here to help and support you with any careers related concern that you might have. Whether it’s CV advice, practicing for an interview, providing feedback if applications aren't successful or support planning your career goals. We are here to help empower you to progress in your career.
  • Events: Henley Careers organise numerous events aimed to help you build your confidence, develop the skills employers are looking for. Additionally, network with employers and expand your industry knowledge.
  • Alumni support: You can continue to book one-to-one appointments with your Careers Consultant and use our online resources. For up to four years after graduating we’re here to help and support in your career.
  • Career Smart: Get a head start in securing a graduate job by taking part in our online course, Career Smart. You can expect to learn about the graduate recruitment cycle in the UK. As well as where to look and how to start applying to jobs, and the different roles available to you.

For more information  please see our Careers page.

Continuing your career

This degree will help you enhance your employability for careers related to your first-degree discipline or in more specialised accounting and finance fields. The global perspective of this course can help enhance your career prospects in international roles and overseas markets. In addition, the programme will serve as a good basis if you wish to further your academic development in accounting and finance-related disciplines.

Accreditation Information

On this programme you will be granted exemptions from four Chartered Institute of Management Accountants (CIMA) professional exams: BA1 - BA4.

Our students and alumni are always keen to share their Henley experience. Whether you are a prospective applicant or already applied to a Masters programme at Henley Business School. You can ask questions to a current student by clicking the “Chat to our students” button below.

When contacting one of our students, please introduce yourself and the Masters programme you have applied for.

Speak to a current student

Contact us

If you have any questions, please contact us by email at postgraduate@henley.ac.uk or by phone on +44 (0)118 378 7593.

An image of Xiaochen Guo

The programme is in line with the trend of future property market development. You are able to benefit from top educational and industry resources which is a rare opportunity to understand the real estate financial market.

An image of Olga Maria Vrochopoulou

The program was very interesting and useful for building a professional career in human resources. The professors were creating activities to better understand the theories and this was a small simulation of a professional environment.

Olga Maria Vrochopoulou MSc International Human Resource Management Masters in International Human Resource Management

I feel honoured to have been taught by OBE Awarded professors and lecturers that actively publish about current issues in Accountancy in well-known journals.

Arjana Cupi MSc Accounting and Financial Management