Accounting And Finance MSc

Location Stoke-on-Trent Campus
Duration 1 Year
Fee

2017/18 New Entrants, Full Time

  • Home and EU students: £6,200 per course
  • International students: £12,300 per course
Course start September
LocationModeStart dateApply
Stoke-on-Trent CampusFull-time2017/18 Academic YearApply Direct
Stoke-on-Trent CampusFull-time2018/19 Academic YearApply Direct

Course outline

  • The course prepares you for an advanced career in the accounting and finance profession.
  • In addition to the technical knowledge, the course delivers a range of required skills by today’s employer (for example, presentation and communications skills). 
  • The Course earns you credit towards professional qualifications such as the Chartered Institute of Management Accountants.

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Course content

The Course is intellectually challenging and stimulating. It delivers a well-balanced portfolio of technical and analytical knowledge for decision-making, ethical understanding and soft skills relevant for leading organisations. Recent students landed jobs before they completed the Course in most respected global firms such as Burberry, Merrill Lynch (Bank of America), the Co-operative bank and regional accountancy firm Burton Beavan.Dr Ahmad Mlouk, Course Leader

You’ll learn how to apply advanced accounting and finance knowledge, how to simplify and communicate complex financial information and apply advanced analytical skills in the context of global firms and markets.  You will also learn how to effectively plan and control financial resources while implementing ethically oriented decision-making processes.

The course includes a number of distinctive modules in which you will examine, the underlying principles that lead to accounting conventions and the financial management of multinational corporations in a global environment. The research-based dissertation allows you to further your knowledge in an area of interest which supports your career ambitions or explore an area in which you would like to extend your research further at PhD level.

This programme will give you a solid foundation in accounting and finance, including an intensive study of the core disciplines of accounting and finance, traditional and contemporary theoretical aspects of accounting and finance and an individual dissertation.

Modules

  • International Financial Analysis
  • Management Control and Internal Audit
  • Advanced Corporate Finance
  • Accounting Theory
  • International Finance
  • Economic Analysis of the Firm
  • Business Management Research
  • Business Analytics 

Module descriptions

  • Accounting Theory
    This module presents and examines the following areas: accounting under ideal conditions, agency theory, efficient market hypothesis and information content of financial reports, the effects of income and price changes, methods of income determination, the valuation of assets and, the theory of financial disclosure and standard setting.
  • Advanced Corporate Finance
    This module will start with an introduction to the subject which will cover corporate goals, shareholder wealth maximisation and the agency theory. Topics covered over the course of the module include sources of finance, cost of capital and capital structure, advanced investment appraisal techniques and applications, dividend policy and working capital management. The successful completion of this module may lead to an exemption from the equivalent unit in the CIMA/ACCA professional qualification.
  • Business Analytics
    This module will start with an introduction to the subject which will cover topics such as financial statement analysis, ratio analysis, analysis of past performance as well as forecasting. It will also focus on key management accounting techniques that help to determine strategic action and the financial ratios and measures that may be used to assess and analyse the financial position of firms and to forecast future financials. Bloomberg Terminal or equivalent will be used for a range of analyses employed in this module. Bloomberg for Education, databases and platforms will be used to bring the pace and excitement of real business into the classroom. Students gain hands-on experience using the same information and technology used by financial professionals all over the world, to help gain an edge in the competitive job market.
  • Business Management Research
    You will identify and justify an appropriate research topic of relevance to the broad area of accounting and finance and produce a research proposal which reflects a critical awareness of a range of research philosophies, strategies, methodologies and evaluating their relevance to your proposed topic.
  • Dissertation
    In the third and final semester of your MSc Course you select a suitable topic for your research-based dissertation.  Topics will be wide-ranging drawing on different aspects of accounting/finance but all aiming to address a specific challenge or problem within the area of your study.  Ideally, they should involve external sponsorship to facilitate and support data collection and independent study and hence aim to generate robust conclusions and recommendations with real benefit and added value.  The process of choosing a topic might start very early on in consultation with your tutor/ potential supervisor. The assessment requires a 15,000-word Dissertation submission.
  • Economic Analysis of the Firm 1
    A review of the neoclassical theory of the firm. Team Production, agency theory, transaction costs and property rights, corporate governance. These theoretical approaches will be elaborated and developed in close conjunction with applied economic studies, for example, in "make or buy" strategies, contract compliance, contract incompleteness, etc.
  • International Finance
    This module studies the financial operation of the multinational corporation in an environment of open and integrated financial markets. The module will cover a selection of the following topics: global objectives of the MNC, differences between foreign and domestic investment, the financing of MNC and international projects, trades, and investment strategy by MNC. Sourcing of subsidiary financing, Treasury management by MNC. Financial risk management and the use of financial derivatives and management of country risk.
  • International Financial Analysis
    This module commences with an introduction to the subject including definitions and a discussion of its applications. This leads onto an overview of the financial reporting and analysis and the international regulatory framework and the future direction of financial reporting. Students will also study income and asset value measurement systems and prepare consolidated statements of comprehensive income, changes in equity and cash flows. Contemporary issues such as sustainability and the need for environment and social reporting will enhance the students' ability to relate their learning to the wider context.
  • Management Control and Internal Audit
    This module commences with an introduction to control systems within an organisational context, with reference to motivation, contingency planning and ethics. Organisation resources, strategy and financial investment are discussed and applied to a case study within an overarching project. The details of the project will be brought together using appropriate project management software. You will study a range of key performance indicators including that of quality and the associated quality assurance systems. Finally, the role of the auditor and audit systems will be addressed and the relationship between the auditor and levels of senior management and internal auditors is explored. ​

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Entry requirements

A 2:2 classification or above in an undergraduate degree or equivalent in accounting/finance/business management (with a significant element of accounting and/or finance).

Evidence of satisfactory English language skills for candidates where English is not their first language, such as IELTS 6.0 or above (which should include a minimum score of 5.5 for the writing and listening modules).

Graduate destinations

You will be ideally placed for further academic study to PhD level, careers in universities and colleges, and careers in industry/commerce and financial services.

Meet the experts

Dr Ahmad Mlouk is the MSc Accounting and Finance Course Leader. He delivers applied modules such as International Financial Analysis and International Finance modules on this Course and other PG Courses within the School. Ahmad also delivers a number of modules including Financial Strategy and Corporate Governance on the undergraduate programmes. He formerly was the Head of Field of Accounting and Finance.  His research interests include; ‘Data Envelopment Analysis’ as a quantitative technique that is used to evaluate performance in a wide range of organisations; Business finance, corporate finance and business valuation methods; Islamic finance as an alternative system to the conventional ‘Western-based’ philosophy of banking and finance.

David May is the Postgraduate Award Administrator responsible for the MSc Accounting and Finance. He ensures that you are enrolled onto the correct modules, that the official record of your studies is correct, and is responsible for publishing your results once marks have been confirmed by the Award Board.  He will also ensure that your final certificate and profile are produced.

Arshad Hussain I started my academic career with Quaid -A-Azam University, Islamabad , Pakistan after completing Masters degree in Accounting and Finance from University of Lancaster in 1986. I also held lecturing positions with University of Otago in New Zealand and Birmingham University.  Since 1995 I have been a permanent member of teaching faculty in Staffordshire University. My research and teaching expertise is in Accounting Theory, Islamic Finance and Management Accounting. I have published in professional, academic journals and proceedings of various international conferences in Europe, Australia and New Zealand. During the last 10 years, I have been very actively working with our International partners in Malaysia, Oman and Vietnam. 

Dr Ian Jackson is the Module Leader for Risk Management on the MBA and in addition he teaches on several other modules at the undergraduate and postgraduate level as well as on the corporate programmes.  Ian is an applied economist by training having worked previously in the UK aerospace industry.  His role in the Business School is Enterprise Reader with specific interest in innovation and entrepreneurship.  He has managed several Tempus programmes with partners across Europe and the Middle East including in Jordan and Lebanon and he has taught at universities in China, Hong Kong and Malaysia.  Ian’s current research interest are wide ranging covering industrial clusters in the ceramics industry and the economics of professional team sports.

Dr Tolu Olarewaju is an award-winning Banker, Entrepreneur and Educator, and forms part of the Entrepreneurship module. He currently lectures on a range of topics primarily focused around the areas of economics, business strategy, entrepreneurship and international business. Tolu’s present research interests centre on entrepreneurship, self-employment, international business, business economics and areas encompassing social, developmental, labour and general economics. He is particularly interested in research that might have policy implications as well as areas incorporating poverty reduction.

Mark Wordley is the Module Leader for Financial Concepts and Practice.  As a Chartered Management Accountant, he occupied many commercial positions before taking up the role as Finance Director for a national retailer and was part of the Executive team responsible for successfully expanding the company throughout the UK and Ireland.  His areas of responsibility within finance, IT and HR provided him with significant experience in strategy, corporate finance, team and operational management which he later used in his management accounting consultancy practice specialising in the growth and change of SME’s. In recent years, he has provided strategic and specialist support for a number of global service organisations undertaking complex transformational programmes. Mark has worked at the University of Derby and University of Derby Online delivering professional programmes for the accountancy profession.

Syed Zaidi joined Staffordshire University as a Lecturer in Accounting and Finance in February 2017. Before joining Staffordshire, I was working on my PhD at Loughborough University. My area of research includes topics in corporate governance, corporate finance, financial accounting, and behavioural finance. I am currently working in the field of corporate governance. The focus of my research is the study of board duty and board members and their role in effective decision-making and on their firm’s performance. I have completed my MSc in Finance from Lancaster University, UK. I also hold an MBA (Finance) degree from Lahore School of Economics, Pakistan. Before coming to the UK to study for my MSc, I worked for two years as a full-time lecturer at COMSATS, a public university of Pakistan.

Student experience

What our students say

My personal experience on the MSc Accounting and Finance course has been enjoyable, challenging and mentally stimulating. I started the course coming from a business management background with little knowledge about the financial function of a business.

I found the teaching/learning style different from the undergraduate experience as the material presented in lectures was very much technical and unfamiliar to me. This meant I had to spend more time doing independent research and studying to familiarise with key terms and concepts for each module. Hence, I developed better independence of thought, critical and analytical skills and developed a great deal of knowledge in this area of study.

All of the lecturers presented excellent knowledge in their area of expertise, some coming from professional backgrounds bringing to class practical day to day examples and experiences from their jobs and academics bringing the theories to life, thus enhancing students understanding.

The lecturers offered exceptional support throughout the course and were good at engaging in conversations, offering feedback and extra support sessions whenever needed.

As a student representative for the course I have worked closely with Dr. Ahmad Mlouk and would like to thank him on behalf of the group for the support offered and for doing his best to accommodate for all students in a professional manner.

Annamaria Bobo (May 2017)

The course has been intellectually stimulating. The modules varied greatly and were all interesting in different ways. The lecturers are always available to help with their in-depth knowledge. It does need to be considered there has been teething issues with organisation as it is a new course. The overall course leader was excellent and open to feedback and adjusted the course according to the feedback given to suit students’ needs.

Andrew Holder (May 2017)

Programme specification

Contact

Enquiries Team
Cadman Information Point
College Road
Stoke-on-Trent
Staffordshire
ST4 2DE
United Kingdom
t: +44(0)1782 294400
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