Masters in Accounting, Financial Management and Digital Business
This programmes integrated subject areas and combined approach of theory and practical application will prepare you to work in a wide range of careers in business.
At a glance
- Designed for graduates who wish to understand how businesses use accounting and financial information for decision making purposes
- Discover how how data analytics is utilised in the decision-making process, and how the results of those decisions are communicated and evaluated in an international and institutional context
- Students will learn to evaluate alternative theories and methodologies and to make judgments on their applicability to complex issues
- Benefit from professional exam exemptions from the Chartered Institute of Management Accounting (CIMA) Accreditation and ACCA Accreditation
- This programme provides a great foundation for working in capital markets or International finance
- Locations
- Henley Whiteknights
- Subject area(s)
- Accounting
- Start Date
- September 2024
- Duration
- 12 months
- Attendance
- Full-time
- Programme Director
-
Dr Lei Tao
Overview
Embark on a professional accounting career with academic grounding.
The MSc programme is distinctive in its international flavour. It focuses on the international business concepts needed for analysing global business challenges. Offering a critical understanding of current management theories and global accounting practices, it also covers issues relating to international strategic management, plus managing people and organisations. Additionally, it includes global financial reporting, corporate governance, ethics and the fundamentals of marketing.
The Henley pre-study course suite
Exclusively available to Henley Business School offer holders, the Pre-study course suite comprises of innovative short courses designed and developed by Henley faculty on the Futurelearn platform, one of the leading online learning platforms.
| Optional modules | Credits |
|---|---|
Future of Work: Coding with Python for Business & Finance (-)A course delivered online by Henley faculty and you will receive online support from one of our teaching staff members and be able to interact with other prospective students in your course. Read moreThis pre-study interactive course is designed by Henley Business School faculty to introduce you to the world of coding in Python. According to recent employer surveys, coding is a top 5 employability skill in the new world of work. The World Economic forum includes technology design and programming in the top 10 skills of 2025. Coding is an extremely powerful skill to have going forward in all areas of business and finance. Due to the importance of coding skills in your future, you will be using coding in some of your courses depending on your choice of programme at Henley Business School. So, this pre-study course can be seen as a stepping stone in your learning journey. Even if coding is not directly utilised as a part of your programme, completing this course, earning the certificate and complementing this with some further independent learning, could set you apart in an increasingly competitive job market. Python is the most utilised programming language in the world and so the purpose of this course is for you to learn the fundamentals of Python, and how to use it to solve practical problems in your area of interest. |
N/A |
Study skills for success (-)This course will provide building blocks of knowledge to help you prepare for your learning journey in the area of your choice as well as equip you with key employability and study skills for successfully navigating your studies and professional career. Read moreThis pre-study interactive course is designed by Henley Business School faculty, the University of Reading Study Advice Team and the International Study and Language Institute. The course aims to prepare you for your learning journey at Henley and focuses on helping you build important study skills to succeed in your Masters and beyond. Skills such as curiosity and independent thinking, effective communication and collaboration, digital capabilities, storytelling, empathy and professional integrity are not only important in your course itself but are also sought after by employers in all areas of business. Therefore, they are instrumental in succeeding in your professional career. The learning journey of our Masters programmes is designed in a way that allows you to build such skills and this course intends to demonstrate exactly how, and therefore help you to make the most of your Masters. |
N/A |
Semester 1
| Compulsory modules | Credits |
|---|---|
Business Finance (ACM015)This module aims to introduce students to the nature of business finance and its role in business decision-making and provide a suitable foundation for advanced study. Academic authors
Dr Jessica Yang
|
20 |
International Financial Accounting (ACM010)This module aims to develop students’ critical knowledge and understanding of decision-useful investor-related financial reporting via a consideration of the principles and methods that underlie the preparation and presentation of the main financial statements in an international context. It also introduces students to the regulatory and institutional infrastructure of the financial reporting and related accounting standard setting debates. Academic authors
Dr Ronita Ram
|
20 [10 ECTS credits] |
Business Informatics (INMR91)Module aims and purpose This module helps the student understand the underpinning theory and methodology of business informatics for information systems and information management; appreciate business principles, organisation, processes and models; identify the user requirements and suitable IT systems solutions; and perform analysis and design of a systems solution using appropriate technologies. Aims: To develop an in-depth understanding of the nature, structure and function of information in the business domains. To build a knowledge foundation in business organisation, processes and operations that are supported by information technologies and systems. To gain knowledge of information requirements and presentation, working alongside the users and subject specialists, to support their business functions. To acquire the ability of planning, implementing and evaluating IT based solutions with due consideration of ethical and professional grounds.
Academic authors
Professor Kecheng Liu
|
20 [10 ECTS credits] |
Semester 1 - Options
Students will be required to choose one additional semester 1 module from the below.
| Optional modules | Credits |
|---|---|
Management Decision Making and Performance Evaluation (ACM014)This module introduces the theory and practice of management accounting in relation to organisational decision-making, planning, control and performance evaluation. Please note that qualitative and quantitative models will be used in the module. Therefore, basic numeric skills are essential. |
20 |
Leading in the Digital Organisation (MMM140)In this module learners will explore the role of leadership in a digital environment. They will build their awareness of key digital technologies and discuss the impact on managerial practices, processes and strategies. Read moreBy the end of the module, learners will gain a critical understanding of:
Academic authors
Professor Norbert Morawetz
|
20 |
Business Data Analytics (INMR95)Module aims and purpose This module introduces key concepts, methods, and tools for business data analytics. Data analytics are a fundamental tool for any organisation that plans to make strategic use of their data assets, and enables data-driven decision making. Core concepts that lend themselves to the three stages of data analytics (i.e., descriptive, predictive, and prescriptive) will be covered, including: data management; descriptive statistics; inferential statistics; exploratory data analysis; regression modelling; machine learning; programming data-driven solutions; and developing data-driven recommendations. Finally, workshops will give students experience in using an industry standard programming language. To satisfy this general aim, students will acquire key knowledge and skills in: • Accessing, storing, and handling univariate and multivariate data • Exploring and analysing data • Visualising data • Developing and comparing predictive models • Formulating data-driven decision-making strategies Academic authors
Dr Markos Kyritsis
|
20 [10 ECTS credits] |
Semester 2
| Compulsory modules | Credits |
|---|---|
Advanced International Financial Reporting and Analysis (ACM011)The module develops further students’ knowledge and critical understanding of the international financial reporting and the relevant regulatory and institutional framework of financial accounting. It also covers performative aspects of financial disclosure and critical evaluation of accounting innovations that acknowledge the broader social and environmental impact of business activities. The module focuses on the inherent subjectivity in the preparation and interpretation of financial statements and its impact on the decision usefulness of the information provided Academic authors
Dr Renata Stenka
|
20 [10 ECTS credits] |
Accounting for Sustainability (ACM008)Students will critically evaluate the relationship between economic events and the information in sustainability reports, and how this affects inferences about the economic activities and position of the firm. Students will discuss the wider social and political implications of sustainability reporting practice, viewing sustainability as a social and institutional practice.
Students are encouraged to relate economic events to diverse practices in accounting for sustainability, and to think critically of ongoing controversies and debates. Academic authors
Dr Maggie Cooper
|
20 |
Semester 2 - Options
| Optional modules | Credits |
|---|---|
Corporate Governance & Ethics (ACM001)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. Academic authors
Rhianydd Dow
|
20 [10 ECTS credits] |
Financial Management: Cases and Excel Modelling Applications (ACM016)This module aims to develop knowledge, understanding and skills in financial reporting, management accounting, business finance and finance technology (Excel modelling) through their application to real-world business problems and case study scenarios. Academic authors
Dr Dan Zhou
|
20 |
Management Accounting: Theory and Practice (ACM003)Management accounting is a collection of diverse 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 and sustainability 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. Academic authors
Sue Blackett
|
20 [10 ECTS credits] |
Accounting Information Systems (ACM005)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] |
Big Data in Business (INMR89)Module aims and purpose The aim of this module is for students to be able to evaluate the business value in utilising Big Data and develop business technology solutions with an appreciation of Big Data and business analytics methods and technologies. This module focuses on the methods and techniques of using Big Data in business. Given the availability of large amounts of data in business and organisation, there is an increasing need for organisations to assess how effectively Big Data can be utilised for business. In this module, students consider how organisations can benefit from Big Data, and analyse business and technological requirements to create value though Big Data and business analytics. Students will also explore recent developments in technologies surrounding Big Data such as text analytics, cognitive analytics and visualisation, and assess types of tools that can be utilised, including the use of state-of-the-art analytics tools. Academic authors
Professor Keiichi Nakata
|
20 [10 ECTS credits] |
Summer term
| Optional modules | Credits |
|---|---|
Accounting Dissertation (ACM012)To give students an awareness of the appropriate use of methodology, theory, data, literature review, and original research in a Masters dissertation. To enable students to produce a piece of original research that would contribute to the relevant body of knowledge within accounting, financial management and/or business analytics. This module is particularly relevant for students who might wish to consider pursuing further academic career. |
20 [10 ECTS credits] |
Accounting and Finance Project (ACM013)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, financial management and business analytics. Academic authors
Dr Emre Parlakkaya
|
20 [10 ECTS credits] |
Work Placement and Project (ICM309)This module gives students the opportunity to pursue a work placement with an external organisation broadly related to the general sphere of their degree studies. The aim of the module is to allow participants to gain work experience in a career path of interest, develop a wide range of employability skills, build their network and enhance market awareness. |
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. Please note, constraints in timetable scheduling may mean you are unable to take some optional modules at the same time as others.
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.
UK/Home
| Year of Entry | Cost |
|---|---|
| 2024 | £14,100 |
International (incl. EU)
| Year of Entry | Cost |
|---|---|
| 2024 | £26,000 |
Scholarships
Scholarships are available to support high-potential students. All applications are automatically considered for a scholarship. No separate scholarship application is necessary. Simply submit your application for a Masters programme starting in 2024 and you will be automatically notified if you are successful. Shortlisting and selection are based on academic merit and the candidate’s potential as demonstrated in the application form. For more details, visit our scholarships webpage.
| Entry requirement | Criteria |
|---|---|
| Undergraduate degree | A good second class honours degree or the equivalent from an Internationally recognised University |
English Language Requirements
Studying in a second language can be challenging. If your English language ability is below the minimum requirement, we may ask for evidence of proficiency. Alternatively, we may ask you to attend an English language course before you begin your studies with us.
| Requirement | Criteria |
|---|---|
| IELTS | 6.5 with no component below 6.0 in any sub-skills |
Pre-sessional English Programme
The Pre-sessional English Programme is for international students who need to meet their degree programme English language requirements. Our courses equip you with the skills and language needed for academic success, including critical thinking, self-reflection, learner autonomy, research skills and integrating sources. The Pre-sessional English Programme is accredited by the global association of Lecturers in English for Academic Purposes, which guarantees you will receive a high-quality student experience.
Find out about our comprehensive range of Pre-Sessional English courses
Acceptance of LanguageCert Online and DuoLingo English qualifications
We accept the non-SELT version of LanguageCert (which includes the online version) and DuoLingo as suitable English language qualifications. These can be accepted for direct entry onto Undergraduate (except Speech and Language Therapy), Postgraduate Taught (except Speech and Language Therapy) and Postgraduate Research programmes.
For information on individual programme requirements and other English language qualifications, please visit our English requirement equivalent page.
If you require specific advice on your qualification please contact admissions directly by e-mail or telephone at +44 (0) 118 378 5289.
UK visa requirements
If you are not a national of the European Union (EU), you may need to obtain a UK visa. This visa will allow to live and study in the UK. See the UK Border Agency website. Contact the University's International Office with any questions: intoff@reading.ac.uk.
Graduate Route
The UK's Graduate Route post-study work visa allows you to apply to stay in the UK for up to two years after you graduate, with the opportunity to undertake skilled work. Visit the University website for the latest information.
Henley Business School provides the knowledge, skills and experiences graduates need to begin their careers in the world of finance. Through our engaging lectures and seminars, as well as the one-to-one expert support from our staff, we help turn career aspirations into realities.
“The course provided a great foundation to start a career in management accounting, especially if you are looking to work internally within a finance department. The opportunity to connect with students from different backgrounds was really good. The Henley careers team provided great support.”Accounting and Financial Management graduate, now working as a Junior Finance Analyst at Omniplex, UK
Where are our 2020 graduates now?
2020 graduates in this area are working at the following organisations:
Chengdu Jiaozi Financial
Bank of Communications
Omniplex
PWC
2020 graduates in this area have secured the following roles:
Accountant
Banking
Finance Analyst
Senior Auditor
Industry of employment for 2020 graduates
2020 graduates are employed in the following locations:
Please note the above statistics are based on respondents to our Masters Outcomes Survey in 2021, which was completed by our 2020 graduates.
Respondents are from the following programmes: MSc Accounting and Finance, MSc Accounting and Financial Management and MSc Accounting and International Management.
How can Henley Careers & Professional Development 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 & Professional Development 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 & Professional Development 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
You will enhance your employability in a range of careers related to your first-degree discipline or in general international management as well as more specialised accounting roles.
Accreditation Information
On successful completion of MSc Accounting, Financial Management and Digital Business, students will be exempt from three ACCA applied knowledge exams: Business Technology (BT), Management Accounting (MA) and Financial Accounting (FA).
Students will also be granted exemptions from four Chartered Institute of Management Accountants (CIMA) professional exams: BA1 - BA4.
Apply for 2024 entry now
Apply online now through the University of Reading’s online application service.
The online application service allows you to complete your application information, attach electronic copies of your academic transcripts, certificates and other supporting information. It also provides a facility for an email request to be sent to your referees. This enables the referees to send your supporting references directly to us.
When to apply
We operate a rolling admissions system and it is recommended that you apply early to secure your place. There is no specific deadline and applications will be considered until the programme is full. However, to allow us time to process your application we recommend that you apply by the following dates:
| UK/Home applicants | International applicants |
|---|---|
| 1 August | 1 July |
After you apply
You will receive a confirmation email when we receive your application form. Your application is then reviewed by a member of staff. If successful, you will receive a formal offer letter outlining any necessary entry criteria you will need to meet. You'll then be asked to confirm your acceptance of this offer.
If you require a Certificate of Acceptance for Studies (CAS) for your visa, details will be sent by email once all conditions of the offer have been met.
Throughout the admissions process we will keep you updated with key information via email. We also provide opportunities to interact with faculty and staff online.
Find us on Facebook and keep up-to-date with news and events at Henley or ask us a question. In addition, you can speak to a current student, our students are always happy to share their Henley experience.
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.
“I found that the international business class was extremely useful as I learned how to interpret different pieces of data from around the world and use them in one general accounting language.”
“I really enjoyed the marketing module, especially the scenario game. It has given me a better understanding of how a product is marketed, positioned and priced and made me feel like I was in the marketing department discussing product solutions…”