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Applied Accounting MSc

Overview

A career in the accounting sector requires a high level of understanding of both the theory and practice of accounting and finance, and this specialist Masters' degree is aimed towards partly qualified accountants who want to combine their practical experience with further academic training. The course will develop your knowledge to higher levels and is aligned to professional body qualifications. It part-prepares you for undertaking further professional examinations in accounting.

Taught by our highly qualified staff who have considerable experience of working in accounting and finance, this course will equip you with the skills necessary to gain high-level positions in the profession. There's also the option of a placement in the third semester of the standard full-time route, further boosting your employability.

You'll benefit from a wide range of extra-curricular activities including Academic skills for Finance, Accounting and Governance and Research Techniques, a range of Bloomberg-based activities, specialist visitor speakers, and expert symposiums and conferences. You'll take part in a residential weekend to discuss current events and specific problems affecting the accountancy field with academics and a visitor practitioner.

We're second in London for graduate prospects in Accounting & Finance (Complete University Guide 2019).

There is a fast track route available for fully qualified CCAB accountants; this route will take 10 months to complete and consists of two taught modules and a dissertation.

Accountancy College of the Year- Public Sector

PQ Magazine 2017 awards

ACCA and CIMA exemptions

ACCA Exemptions 

On completion of the course, you will be on a fast track to becoming ACCA qualified, and exempt from the following modules:

F1 - Accountant in Business
F2 - Management Accounting
F3 - Financial Accounting
F4 - Corporate and Business Law

CIMA Exemptions

On completion of the course, you will be eligible for the master’s gateway route. The Master’s gateway route is an accelerated entry route to the CIMA Professional Qualification and the individuals are required to take the CIMA Gateway Exam, and get all 11 exemptions from certificate, operational and management level exams after successfully passing the CIMA Gateway Exam.

Subjects

BA1 Fundamentals of Business Economics
BA2 Fundamentals of Management Accounting
BA3 Fundamentals of Financial Accounting
BA4 Fundamentals of Ethics, Corporate Governance and Business Law

Accreditations

Key course information - ordered by mode
Mode Duration Start date Location
Mode
Part-time
Duration
30 months
Start Date
January; September
Location
Southwark Campus
Mode
Full-time
Duration
15 months
Start Date
January; September
Location
Southwark Campus
Mode
Full-time (fast track)
Duration
10 months
Start Date
January; September
Location
Southwark Campus
Mode
Full-time (with internship)
Duration
19 months
Start Date
January; September
Location
Southwark Campus

Modules

All modules are assessed by a mix of coursework, individual and group presentations and written exams. A typical 20 credits taught module involves a total of 200 study hours (52 contact hours and 148 group and private study hours).

The use of Bloomberg is embedded within modules.

  • Creativity Enterprise and Innovation
    The module focuses on the rapidly changing world around us, it is imperative that students are able to think creatively, problem solve and create advantage for themselves (be entrepreneurial) and for the businesses they may work for (be intrapreneurial). The module encourages students to question what they see and experience around them with an aim to enhance their creativity and to discover new and improved ways of doing things.
  • Curiosity, Creativity and Research
    This module introduces students to the research process, the mindset of the researcher and in particular to the idea of creativity in research and what it means to be a ‘creative researcher’.  In this module, students will identify potential topics for their practice-based dissertation and explore these with the aid of creative thinking techniques.   In this way their research ideas can be refined and expressed in terms of clear research questions and objectives making use of the relevant literature and theoretical concepts.
  • Research in Action
    The module focuses on the nature, approaches, methods, tools and techniques of research within relevant disciplines from the business environment.  In doing so it attempts to develop the skills and knowledge required to complete Master’s level research where the emphasis of the research is in improving  aspects of business process and business practice. Thus the module is practically oriented towards the completion of a research proposal that will form the basis of the final practice-based project module.
  • Management Consultancy in a Global Environment
    This module is designed to develop professional consultancy skills by studying organisational structure and culture, situational analysis and diagnosis, communication strategies for consulting and group dynamics. Focusing on the development of business research; client handling and project management skills, completion of this module will  enable students to prepare  a succinct, clear, evidence based, persuasive consultancy led project plan , aligned to the strategic vision of an organisation and  which they are able to effectively pitch to a client.
  • Corporate Reporting
    This module, a pre-requisite for Advanced Corporate Reporting, covers International Financial Reporting standards and theoretical issues such as voluntary and mandatory disclosure of accounting information and the effect of IFRS adoption on accounting quality.   The main financial reporting issues covered in the module are accounting for financial instruments, stock-based compensation, employee benefits, intangible assets, business combinations, goodwill and foreign currency translation.
  • Advanced Corporate Reporting
    This is an advanced module in corporate reporting, which covers some of the complex International Financial Reporting standards and theoretical issues such as earnings management, voluntary and mandatory disclosure of accounting information and the effect of IFRS adoption on accounting quality. The main financial reporting issues covered in the module are accounting for financial instruments, stock-based compensation, employee benefits, intangible assets, business combinations, goodwill and foreign currency translation. Students completing this module will be able to access and utilise relevant information sources available in electronic form, including web sites dedicated to providing financial data, and write reports based on their analysis of such data. The module will also provide a solid foundation for students intending to write the advanced financial reporting examinations of the main professional accountancy bodies.
  • Strategic Management in a Global Environment
    This module challenges concepts of strategy, its scope, purpose and outcomes and provides a practical outline of a number of different approaches to strategic management.  The module also highlights the international scope of strategic management, the globalisation of technologies and markets, the role of Big Data in decision making and looks at the role of strategic alliances and international collaborations in establishing and nurturing competence for the achievement of strategic advantage.
  • Theories & Issues in Accounting and Finance
    The purpose of this module is to develop the higher level cognitive skills required at postgraduate level, and the inquisitiveness about current issues in the subject area that is required from the reflective practitioner. This is achieved through emphasis on scholarly reading and research, introducing students to current developments in the theories of accounting and finance, including the major approaches to financial management and environmental accounting.
  • Governance and Leadership
    The module examines the area of governance and leadership within organisations in the broad context of the agency relationship and focuses on the respective roles and responsibilities of directors and officers to organisational stakeholders. The module explores internal review and feedback to implement and support effective governance and leadership. The module also assesses key aspects of responsible management and covers personal and professional ethics, ethical frameworks – and professional behaviour and conduct in a variety of contexts..
  • Organisational Risk Management and Internal Controls
    The module explores internal review, control, and feedback to implement and support effective governance, including compliance issues related to decision-making and decision-support functions. The module also examines the whole area of identifying, assessing, and controlling risk as a key aspect of responsible management.
  • Capstone Business Project
    This capstone, independent research project draws upon the students’ skills and knowledge gained thus far enabling application of learning to a scenario resulting in added value to an organisation and creating real world impact. This student driven project must address a current issue or opportunity in an organisational or industrial context.  Projects can relate to a student’s current role or internship or students can use this opportunity to deepen their knowledge of different sectors or organisations thus make connections utilising the project as a vehicle to impress future employers creating a possible stepping stone to their next job. Alternatively they may wish to investigate possible entrepreneurial opportunities.

CIMA Exemptions

On completion of the course, you will be eligible for the master’s gateway route. The Master’s gateway route is an accelerated entry route to the CIMA Professional Qualification and the individuals are required to take the CIMA Gateway Exam, and get all 11 exemptions from certificate, operational and management level exams after successfully passing the CIMA Gateway Exam

Employability

Graduates who possess a combination of an LSBU Masters degree and a professional accounting qualification are likely to be highly employable in senior positions in accounting and finance, not only in the UK but throughout the world.

Excellent career opportunities exist in accounting and finance. Recent graduates have secured positions in accounting firms, industry, banking, finance and commerce.

Employability skills events held by the Department include:

"My Employability event"

  • My dream job
  • Preparing CVs and cover letters
  • Using databases to research the company
  • IT qualifications for your CV
  • Preparing for interviews
  • Managing expectations
  • Internships

ACCA and CIMA exemptions

On completing this course, you will be on a fast track to becoming ACCA qualified, and exempt from the following exams:

F1 - Accountant in Business
F2 - Management Accounting
F3 - Financial Accounting
F4 - Corporate and Business Law

With the completion of the modules:

F5 Performance Management, Management Accounting (BAF-7-MAC)
F8 Audit and Assurance,  Audit Risk (BAF-7-AUR)
F9 Financial Management, Corporate Financial Management (BAF-7-CFM)

CIMA Exemptions:

Graduates are eligible for the master’s gateway route or direct entry to the operational level objective tests

Subjects

BA1 Fundamentals of Business Economics
BA2 Fundamentals of Management Accounting
BA3 Fundamentals of Financial Accounting
BA4 Fundamentals of Ethics, Corporate Governance and Business Law

Employability Service

We are University of the Year for Graduate Employment for the second year in a row - The Times and Sunday Times Good University Guide 2018, 2019.

At LSBU, we want to set you up for a successful career. During your studies – and for two years after you graduate – you’ll have access to our Employability Service, which includes:

  • An online board where you can see a wide range of placements: part-time, full-time or voluntary. You can also drop in to see our Job Shop advisers, who are always available to help you take the next step in your search.
  • Our Careers Gym offering group workshops on CVs, interview techniques and finding work experience, as well as regular presentations from employers across a range of sectors.

Our Student Enterprise team can also help you start your own business and develop valuable entrepreneurial skills.

Placements

In addition to academic rigour, the Masters is highly oriented to support your professional development.

An optional placement in a relevant business area is available in the third semester of the full-time route. This will enhance your employability skills and apply accounting and finance theory to contemporary business practices.

If you take part in a placement, the dissertation may be linked to your placement experience. A placement is not currently offered on the part-time or fast track mode.

Staff

Sara Abdaless

School/Division: Business / Accounting, Finance and Economics
Job title: Lecturer in Accounting and Finance

Sara specialises in management accounting and governance, with a special interest in public sector and not-for-profit organisations. Sara teaches modules on both undergraduate level and Postgraduate level and has published in peer-reviewed conference proceedings, journal and book chapters.


Joe Adomako

School/Division: Business / Accounting, Finance and Economics
Job title: Senior Lecturer

Joe Adomako is a Senior Lecturer in Accounting. He lectures Financial Reporting to undergraduate and postgraduate students.

Shashi Kumar

School/Division: Business / Accounting, Finance and Economics
Job title: Senior Lecturer

Shashi has expertise in corporate and strategic financial management, institutional fund management, international finance, security analysis, portfolio management, portfolio performance measurement, mergers and acquisitions, valuations and research design and methods.


Facilities

Specialist industry software prepares our students with the digital skills that employers' value. Students on our programmes have access to Bloomberg, Thomson One Banker, SAGE, Blueprint, FAME, NVivo, and SPSS.

Why not read about how a LSBU student took first place in Bloomberg’s prestigious annual Investment Challenge (BIC) competition.

Read more about the Division of Accounting and Finance's specialist facilities and software.

Students using Bloomberg facilities

Teaching and learning

Participation and active learning is encouraged through workshops, seminars, case studies and student led discussion. You'll also benefit from excellent learning materials and small class sizes, and receive training in the use of Bloomberg and Thomson-One Banker, and specialist software (SPSS and N-Vivo).

Entry requirements

Applicants are normally students who have completed:

  • At least a 2.2 Honours degree in a relevant subject area (e.g. accounting or finance); or
  • Fundamentals Level (Knowledge and Skills) of the ACCA professional examinations; or
  • Completion of the Operational and Managerial levels of CIMA examinations; or
  • the equivalent professional accountancy qualifications of an overseas accountancy body.
  • We welcome qualifications from around the world. English language qualifications for international students: IELTS score of 6.5.

Accreditation of Prior Learning:

Applicants who have passed any of the following ACCA Professional Papers may be eligible to claim exemption from the equivalent course modules (up to a maximum of three modules) – P1 (Governance, Risk and Ethics), P2 (Corporate Reporting), P3 (Business Analysis) and P7 (Advanced Audit and Assurance).

Applicants may be required to attend for interview by the Course Director or Admissions Tutor.

Entry requirements for MSc Applied Accounting (Fast Track)

The Fast track route is available for fully qualified CCAB accountants (ACA, ACCA, CIPFA or CIMA). Other accountancy bodies will be considered on an individual basis.

Successful applicants will study two taught modules and complete a dissertation or business report.

Applicants may be required to attend for interview by the Course Director or Admissions Tutor.

How to apply

International students

International (non Home/EU) applicants should follow our international how to apply guide.

Instructions for Home/EU applicants
Mode Duration Start date Application code Application method
Mode
Part-time
Duration
30 months
Start date
January; September
Application code
4545
Application method
See below
Mode
Full-time
Duration
15 months
Start date
January; September
Application code
4547
Application method
Mode
Full-time (fast track)
Duration
10 months
Start date
January; September
Application code
4546
Application method
See below
Mode
Full-time (with internship)
Duration
19 months
Start date
January; September
Application code
4571
Application method
See below

Postgraduate students and research students should apply through our dedicated application system. Full details of how to do this are supplied on our How to apply section for postgraduate students and our How to apply section for research students.

See our admissions policy (PDF File 298 KB) and complaints policy (PDF File 448 KB).

Accommodation

Students should apply for accommodation at London South Bank University (LSBU) as soon as possible, once we have made an offer of a place on one of our academic courses. Read more about applying for accommodation at LSBU.

Finance

It's a good idea to think about how you'll pay university tuition and maintenance costs while you're still applying for a place to study. Remember – you don't need to wait for a confirmed place on a course to start applying for student finance. Read how to pay your fees as a postgraduate student.

Postgraduate Application Service

Book a session with one of our specialist Postgraduate Advisors. Over a one on one Advice Session they'll advise you on postgraduate degrees at LSBU that match your interests and experience. Book an Advice Session.

Fees and funding

Fees are shown for new entrants to courses, for each individual year of a course, together with the total fee for all the years of a course. Continuing LSBU students should refer to the Finance section of our student portal, MyLSBU. Queries regarding fees should be directed to the Fees and Bursaries Team on: +44 (0)20 7815 6181.

Full-time
Part-time
The fee shown is for 2018/19 and is given as a guide. The fee for 2019/20 will be published shortly. Please visit again soon for the updated fee.
UK/EU fee: £4833.33International fee: £7291.67
AOS/LSBU code: 4546Session code: 1FS01
The fee shown is for entry 2019/20.
UK/EU fee: £5075International fee: £7655.56
AOS/LSBU code: 4546Session code: 1FS00
The fee shown is for entry 2019/20.
UK/EU fee: £9135International fee: £13780
AOS/LSBU code: 4547Session code: 1FS00
The fee shown is for 2018/19 and is given as a guide. The fee for 2019/20 will be published shortly. Please visit again soon for the updated fee.
UK/EU fee: £3866.67International fee: £5833.33
AOS/LSBU code: 4545Session code: 1PS01
Total course fee:
UK/EU £8700
International £13125
The fee shown is for 2018/19 and is given as a guide. The fee for 2019/20 will be published shortly. Please visit again soon for the updated fee.
UK/EU fee: £3866.67International fee: £5833.33
AOS/LSBU code: 4545Session code: 1PS00
Total course fee:
UK/EU £8700
International £13125

For more information, including how and when to pay, see our fees and funding section for postgraduate students.

See our Tuition Fees Regulations (PDF File 146 KB) and Refund Policy (PDF File 102 KB).

Possible fee changes

The University reserves the right to increase its fees in line with changes to legislation, regulation and any government guidance or decisions.

The fees for international students are reviewed annually and the University reserves the right to increase the tuition fees in line with the RPIX measure of inflation up to 4 per cent.

Postgraduate loan (PGL) for Masters study

If you are starting a Masters course, studying either full- or part-time, you may be entitled to apply for a postgraduate study loan. Find out more at our postgraduate fees and funding section.

Scholarships

We offer several types of fee reduction through our scholarships and bursaries. Find the full list and other useful information on funding your studies on the scholarships and fee discounts page.

Fee status

Please check your fee status and whether you are considered a Home, EU or International student for fee-paying purposes and for our regulatory returns, by reading the UKCISA regulations.

Stories

Select a story and read about practical project work, students' placement experiences, research projects, alumni career achievements and what it’s really like to study here from the student perspective.

Prepare to start

We help our students prepare for university even before the semester starts. To find out when you should apply for your LSBU accommodation or student finance read How to apply tab for this course.

Enrolment and Induction

Enrolment takes place before you start your course. On completing the process, new students formally join the University. Enrolment consists of two stages: online, and your face-to-face enrolment meeting. The online process is an online data gathering exercise that you will complete yourself, then you will be invited to your face-to-face enrolment meeting.

In September, applicants who have accepted an unconditional offer to study at LSBU will be sent details of induction, which is when they are welcomed to the University and their School. Induction helps you get the best out of your university experience, and makes sure you have all the tools to succeed in your studies.

Read more about Enrolment and Induction.

Suggested reading:

  • Alexander,Britton and Jorissen. (2011). International Financial Reporting & Analysis.5th edition. South Western - Cengage Learning.
  • Hillier, D, Ross S. A., Westerfield R. W., Jaffe J., Jordan, B. (2011). Corporate Finance, European Edition,McGraw-Hill,
  • Cottrell S. (2005). Critical Thinking Skills: Developing effective analysis and argument, Palgrave MacMillan, New York, New York, USA

You can find background material on current issues in accounting, investment and finance on the following websites:

 
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Contact information

Course Enquiries - UK

Tel: 0800 923 8888

Get in touch

Course Enquiries - EU/International

Tel: +44 (0) 20 7815 6189

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