Skip to main content
Accounting and Finance Hero Image

Masters in International Accounting and Finance

At a glance

  • Hands-on teaching and learning will equip you with leadership skills and set the foundations for working in capital markets and international finance
  • Designed to create forward-thinking, proactive leaders, who understand the bigger picture of accounting, to make informed decisions and utilise new opportunities
  • Specifically aimed for students with either an academic or a professional background in accounting
  • Benefit from professional exam exemptions from the Chartered Institute of Management Accounting (CIMA) and ACCA Accreditation
  • With a blend of theoretical and practice-led content, you will learn to develop conceptual and theoretical perspectives of accounting and financial practices in an international context
Locations
Henley Whiteknights
Subject area(s)
Accounting
Start Date
September 2024
Duration
12 months
Attendance
Full-time
Programme Directors
Ekililu Salifu001redone 75iw160su
Dr Ekililu Salifu
RS Professional
Dr Renata Stenka

Overview

88% of students would recommend their programme
Masters Careers Survey 2021

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. Our modules are developed from an internationalised perspective, ensuring that you not only gain insight into topical discussions within the UK but also from all around the world.

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.

An innovative short course designed and developed by Henley faculty on the Futurelearn platform, one of the leading online learning platforms.

This pre-study interactive course is designed by ICMA Centre faculty to prepare you for your learning journey at Henley if you are undertaking postgraduate study in any finance-oriented subject. Through the course, you will appreciate the purpose of finance and investment, the main types of investment and financial markets, as well as the process of valuing investments and the role of risk and return in investment performance. These are all important fundamentals in understanding the workings of financial markets and being able to apply them to real and practical problems as part of your course. We encourage you to take the course even if you have studied finance before. The course is delivered online, requires around 15 hours of study and can be completed at your own pace.

N/A

This pre-study interactive course is designed by ICMA Centre faculty to prepare you for your learning journey at Henley if you are undertaking postgraduate study in any finance-oriented subject.

Quantitative techniques and statistics are among the main tools finance and investment professionals utilise in analysing data linked to financial markets and securities. This interactive pre-study course is designed to deliver these essential building blocks in maths and quants and prepare you for a Finance Master’s if you don’t have a finance, maths, or quants background. For those with a relevant background, it can serve as a refresher of this essential knowledge.

N/A

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.

This 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

The main aim of the module is to enable students to understand and critically evaluate the mapping between underlying economic events and the information in financial statements, and how this mapping affects inferences about the economic activities and position of the firm. The curriculum puts a strong emphasis on the wider social and political implications of financial reporting practice. Students are encouraged to relate economic events to diverse practices in financial statements, and to think critically about ongoing controversies and debates.

International Financial Reporting and Regulation

Academic authors
Ekililu Salifu001redone 75iw160su
Dr Ekililu Salifu
20 [10 ECTS credits]

The module aims to equip students with the main principles of Investment Theory. It begins with an overview of the interaction between users and suppliers of capital and the theory behind investor behaviour towards financial risk and reward.

20 [10 ECTS credits]

This module focuses on fixed income and equity securities evaluation and provides an introduction to international financial markets and an overview of financial institutions.

20 [10 ECTS credits]

Semester 2

Compulsory modules Credits

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
Maggie Cooper005 75ipdsq6y
Dr Maggie Cooper
20

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
Dan Zhou 75e5pfilu
Dr Dan Zhou
20

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 Blackett001 75efq6q4m
Sue Blackett
20 [10 ECTS credits]

Semester 2 - Options

Optional modules 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.

Academic authors
Rhian Dow
Rhianydd Dow
20 [10 ECTS credits]

This investment portfolio management module covers key topics, techniques and discussions, including investment styles, in relation to constructing and maintaining an optimal investment portfolio. The teaching approaches all topics from academic and market, practical perspectives. More detailed aims and learning outcomes are included below.

20 [10 ECTS credits]

This is a very practical course focusing mainly on option/volatility trading and risk management. The seminars all take place in the dealing room, and students will manage the risk of equity options portfolios on ICTrader. There are also 4 practical Excel based case studies (Option Strategist) which focus on option value and risk analysis.

Academic authors
Michael smith 400x267 75n7dio70
Dr Michael Smith
20 [10 ECTS credits]

This module is positioned in the cross-section of Finance and Psychology. It provides an alternative framework to that of traditional neo-classical finance principles in explaining market behaviour and interpreting stylised characteristics. A variety of psychological principles and well-established cognitive biases are examined and connections are made with the influence they have on the investment (and corporate) decision making process. Market anomalies and puzzles are interpreted based on these connections.

20 [10 ECTS credits]

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
Dr keiichi nakata 397 3 Keiichi Nakata 75e5pfi5h
Professor Keiichi Nakata
20 [10 ECTS 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]

Summer term

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, financial management and business analytics.

Academic authors
Dr Emre Parlakkaya
20 [10 ECTS credits]

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]

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]

This module aims to provide students with an understanding of financial decision making in the context of alternative investments and to introduce the key principles and techniques of financial engineering used in structured product design.

20 [10 ECTS credits]

This module is designed for advanced Master’s students and doctoral students. It has a very high technical content. It aims to equip the students with the foundations of theoretical asset pricing and with the relevant skills for performing empirical tests. The objective of the module is to prepare students to become independent and quality researchers.

Academic authors
Marcel Prokopczuk mtime20200428162716
Professor Marcel Prokopczuk
20 [10 ECTS credits]

This is a less quantitative option that offers an in-depth study of an important financial product - stock index futures. For almost all countries, the value of trading in stock index futures exceeds the total value of trading in all the equities listed on the underlying stock market. So stock index futures are very liquid financial instruments with an important role in financial markets. They are used by fund managers, arbitrageurs, hedgers, speculators, investment banks, pension funds, etc. for a wide variety of reasons. The aim of this module is to understand why this very large market exists, and how it works. Much of this material on how stock index futures markets work also applies to other futures markets, e.g. currencies, energy, metals, agricultural commodities.

Academic authors
Professor charles sutcliffe 397 3 Charles Sutcliffe 75e5pfi6h
Professor Charles Sutcliffe
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 £15,300

International (incl. EU)

Year of Entry Cost
2024 £27,500

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?

88% of students would recommend their programme
Masters Careers Survey 2021

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

22 MIS 037 Acct

2020 graduates are employed in the following locations:

22 MIS 036 accounting map

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 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

ACCREDITED PROGRAMME ACCA

On successful completion of MSc Accounting & Finance, students will be exempt from four ACCA applied knowledge and applied skills exams: Business Technology (BT), Management Accounting (MA), Financial Accounting (FA) and Corporate and Business Law (LW).

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.

An image of Lukas Burt
“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.”
Lukas Burt Finance Assistant at Vitruvian Partners Masters in International Accounting and Finance
An image of Yucheng Chen
“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…”
Yucheng Chen Sales Support at China Unicom (Europe) Operations Limited Masters in International Accounting and Finance

You might also like

Masters in Accounting, Financial Management and Digital Business

Accounting · Full-time
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.