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International Accounting and Finance MSc

Overview

Accounting and Finance professionals have central roles in all types and sizes of organisations whether in the UK or abroad. This programme is likely to be of interest to current or intending finance or accounting professionals wishing to gain an academic qualification in both domestic and international financial operations.

The course offers a specialist pathway in accounting (linked to the ACCA Fundamentals papers), but also provides you with the opportunity to select modules in the areas of finance and strategy. This programme focuses on accounting and finance matters within an international context, addressing current challenges and issues faced by businesses and companies around the world.

Accountancy College of the Year- Public Sector

PQ Magazine 2017 awards

You'll be provided with analytical and business-led tools that combine academic study with a pragmatic and well structured finance content for decision making (including the use of databases such as Bloomberg and Thompson One-Banker). The course also includes training in specialist software (SPSS and N-Vivo).

You'll take part in a residential weekend, exchanging experiences and discussing current events and specific problems affecting the accountancy and finance fields, with academics and a visiting practitioner.

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 Aptitude Tests, specialist visitor speakers, and expert symposiums and conferences.

There may be a possibility to undertake an optional work placement to enhance your employability skills and professional experience (subject to validation).

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 ACCA modules:

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

With completion of these specific LSBU modules, you will get the following further ACCA module exemptions:

LSBU moduleACCA module exemption
Management Accounting (BAF-7-MAC)F5 - Performance Management
Financial Reporting (BAF-7-FRE)F7 - Financial Reporting
Audit Risk (BAF-7-AUR)F8 - Audit and Assurance
Corporate Financial Management (BAF-7-CFM)F9 - Financial Management


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.

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 (with internship)
Duration
19 months
Start Date
January; September
Location
Southwark Campus
Mode
Full-time
Duration
15 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 taught module involves a total of 200 study hours (52 contact hours and 148 group and private study hours). The use of Bloomberg and Thomson-One Banker are embedded within modules.

Semester 1

  • Financial Reporting This module develops skills in the comprehension and application of accounting standards as related to the preparation of financial statements. The module covers the preparation of financial statements for individual reporting entities. Key technical aspects of corporate reporting are addresses, theoretical issues such as earnings management and the arguments for and against regulation of corporate reporting.
  • Theories & Issues in Accounting and Finance
    The module prepares MSc Accounting with Finance students for their subsequent studies in the Research Design and Methods and Dissertation modules. The module introduces current development in financial accounting theories including the major approaches to financial management and environmental accounting. The students will practice higher level academic skills including: (a) critically analysing research articles in terms of identifying key findings and evaluating the strengths and weaknesses of the supporting evidence; (b) through synthesis and creativity will develop techniques to combine the work of several authors into a single coherent literature review based around their own personal research ideas; (c) critically reflecting on their work whilst studying this module. The students will also develop essential information searching and written communication skills.

Optional modules

  • Business Analysis
    This module develops a student’s understanding of the strategic decision making process. It will enable a student to critically evaluate an organisations strategic position, consider strategic choices in reference to an organisations future and address the way in which these strategic choices become strategic actions.
  • Empirical finance This module focuses on the use of modern econometric methodology for dealing with problems in the area of finance and provides students with the econometric tools applied in the area. It applies the techniques of mathematics, statistics and econometrics to analyse financial data so as to understand and model the underlying financial and/or economic conditions. In achieving the above, use of specialist software packages is employed.  Empirical applications are considered in the stock, bond and exchange rate markets.
  • International financial markets This module will provide students with opportunities to learn, investigate and critically analyse a range of issues relating to the economics of international financial markets. It will allow the student to understand the interrelationships and interdependence between a number of theoretical and practical issues in today’s macroeconomic decisions and their impact in the behaviour of financial markets and institutions.
  • Management Accounting
    The module introduces to the student advanced and specialised management accounting topics as applied to decision-making and performance management. The module will help the student to understand, analyse and appraise the systems used by organisations to measure and manage their performance and to implement their strategies in a changing environment. Traditionally management accounting and budgetary control systems served this function. More recently, other techniques have been proposed, such as the balanced scorecard. The module will encourage students to consider why organisations measure, what the characteristics of good measures and good measurement systems are.

Semester 2

  • Corporate Financial Management
    The module deals with the theory and techniques of making value-maximising investment and financing decisions based on key factors such as cash, risk and time. It also incorporates the study of the economic environment in which such decisions are taken, and addresses other specialised areas such as the profit distribution decision, merger and acquisition strategy, management of working capital and international financial management. It applies concepts and theories that are central modern financial management.
  • Research Design & Methods
    The module focuses on the nature, approaches, methods and tools/techniques of research within the broad domains of accounting, finance and corporate governance. In addition, illustrations and/or contextualisations from other sectors e.g. information technology, public, voluntary and/or “third” sectors may be used. In doing so, the module attempts to develop many of the skills and theoretical underpinnings required to complete a Master’s level dissertation in one of these domains. The module facilitates choice of a dissertation topic and strategy by the student and sensitises him/her to key research approaches and tools/techniques that could be employed when completing a dissertation.

Optional modules

  • Audit Risk
    This module equips students to develop their knowledge and understanding of the process of carrying out the assurance engagement and its application in the context of the professional regulatory framework. This module will make students critically evaluate the nature and purpose of internal audit and describe its role as part of overall performance and its relationship with external audit. In addition, this module will explore the evaluation of information systems, internal controls, audit evidence, audit planning and the audit report.
  • Governance, Risk & Ethics
    The module assumes essential technical skills and knowledge acquired at the fundamentals level where the core technical capabilities will have been acquired, and where ethics, corporate governance, internal audit, control, and risk will have been introduced in a subject-specific context. The module examines the area of governance 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 and of accounting and auditing as support and control functions. 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 and covers personal and professional ethics, ethical frameworks – and professional values – as applied in the context of the accountant’s duties and as a guide to appropriate professional behaviour and conduct in a variety of contexts.
  • Institutional Fund Management
    This module is designed to provide students with an understanding of the theory and practice of institutional fund management, particularly as it relates to the UK. The coverage will include portfolio creation and management, asset allocation and stock selection, and portfolio performance measurement, including the use of benchmarks and their relationship with performance targets and portfolio risk. Consideration will also be given to the major types of investment institutions, including their investment aims, time horizons, tax position and regulation.
  • International Banking
    This elective module is directed towards students who are looking for a critical understanding of the activities of international banks. At the same time the module covers elements of the theory of financial intermediation and the recent trends in the evolution of financial institutions. The module provides an overview of the crucial operations in international banking and different methods of assessing bank performance.
  • Derivatives and Risk Management This module deals with the fundamentals of financial derivatives and their use to realise investment, hedging and trading objectives. The module covers a variety of financial instruments including major types of forwards, futures, options and swaps, their payoffs both from the buy and sell side. It integrates the nature and valuations of credit derivatives, theoretical underpinning of the pricing models, an in-depth understanding and applications of various hedging and investment strategies, the changing nature of the derivatives market landscape and the role of regulation.

Strategic Modules

  • Placement
    This module allows students to gain valuable work experience while studying for a Master’s degree. Responsibility for securing the work placement lies with the student. However, students will be amply supported by both the work placement team and by the University’s Employability office both during the search process and when you are actually working.  The placement will allow students to reflect on how principles of accounting and finance can be applied in the workplace. The Placement module requires completion of an industry presentation, a reflective practice report and monthly progress reports. Students will complete a reflective practice report preceded by a 20-minute presentation and a series of monthly progress reports, which will occur at strategic points during their placement.  The reports and presentations will be aligned to the placement. The placement is full time with duration varying from a minimum period of three months to a maximum of five months. The students have to pass all six taught modules prior to going on their placements.
  • Applied Dissertation
    The applied dissertation module requires completion of a circa 12,000 word Master’s level dissertation in an area consistent with, and appropriate to the degree being sought. It requires that, and provides an opportunity for, the student to independently conceive, plan and execute, in an appropriately ethical manner, an appropriate piece of research based on practical and firm academic foundations. In doing so, the dissertation is required to address an issue or matter of some importance within the industry.  
  • Dissertation
    The dissertation module requires completion of a circa 16,000 word Master’s level dissertation in an area consistent with, and appropriate to the degree being sought. It requires that, and provides an opportunity for, the student to independently conceive, plan and execute, in an appropriately ethical manner, an appropriate piece of research based on firm academic foundations. In doing so, the dissertation is required to address an issue or matter of some importance across the Master’s degree being sought.

Employability

Types of careers

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.

Past 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

Academic progression

This masters degree also prepares you for research and further study in this area which can lead onto a PhD qualification.

Employability Service

We are University of the Year for Graduate Employment - The Times and Sunday Times Good University Guide 2018.

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.

There may be a possibility of an optional placement in a relevant business area to enable you to 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 mode.

Staff

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.

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

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

Students using Bloomberg facilities

Teaching and learning

Lectures cover concepts which underpin and facilitate informed participative approaches to learning. Workshops, seminars, case studies and student led discussion facilitate more active modes of learning. 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).

Assessment is by written coursework and exams. Lecturers offer a rich profile of academic and professional qualifications backed by professional teaching and/or research experience. An academic is appointed as your Dissertation/Business Project Facilitator, to offer guidance and constructive advice on the preparation of your dissertation/report.

Entry requirements

  • A 2.1 degree in any subject from the UK or Bachelors degree equivalent to a UK Second Class Upper Division; or
  • A 2.2 honours degree in a relevant subject area; or
  • Other qualifications plus demonstrably relevant business experience will be considered on an individual basis.

Accreditation of Prior Learning:

Required English language skills to undertake this programme IELTS (International English Language Testing Service) 6.5 or equivalent.

How to apply

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
3840
Application method
Mode
Full-time (with internship)
Duration
19 months
Start date
January; September
Application code
4572
Application method
Mode
Full-time
Duration
15 months
Start date
January; September
Application code
3466
Application method

Full-time/part-time postgraduate students and research students apply through the UCAS Postgraduate. 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.

Postgraduate applicants are required to provide up to two references as part of their application.

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 entry 2018/19.
UK/EU fee: £9640International fee: £14065
AOS/LSBU code: 4572Session code: 1FS01
The fee shown is for entry 2018/19.
UK/EU fee: £8700International fee: £13125
AOS/LSBU code: 3466Session code: 1FS00
The fee shown is for entry 2018/19.
UK/EU fee: £9640International fee: £14065
AOS/LSBU code: 4572Session code: 1FS00
The fee shown is for entry 2018/19.
UK/EU fee: £3866.67International fee: £5833.33
AOS/LSBU code: 3840Session code: 1PS01
Total course fee:
UK/EU £8700
International £13125
The fee shown is for entry 2018/19.
UK/EU fee: £3866.67International fee: £5833.33
AOS/LSBU code: 3840Session 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.

Possible fee changes

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

The fees for international students are reviewed annually and, additionally, the University reserves the right to increase 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 by reading the UKCISA regulations.

Case studies

Select a case study 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 could also read background material on:

  • International Financial Reporting Standards
  • Financial Analysis
  • Look at the on-line annual report of a FTSE 100 company.

You could visit the following websites to read current issues in International Banking, Investment and Finance

  • www.economist.com
  • www.liffe.com
  • www.marketeye.co.uk
  • www.bankofengland.co.uk
  • www.imf.org
  • www.cme.com
  • www.yahoofinance.com
  • www.bloomberg.co.uk
  • www.ftse.com
  • www.globalinvestor.com
  • www.fsa.gov.uk
  • www.isda.com

 
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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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