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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 modules:

F1 - Accountant in Business

F2 - Management Accounting

F3 - Financial Accounting

F4 - Corporate and Business Law

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

LSBU moduleACCA module exemption
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
Full-time
Duration
15 months
Start Date
January
Location
Southwark Campus
Mode
Part-time
Duration
24 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
12 months
Start Date
September
Location
Southwark Campus

Modules

All modules are assessed by a mix of coursework, individual and group presentations and written exams. A typical 20 credit 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.

Core modules

  • Creativity Enterprise and InnovationThe 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.
  • 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.
  • 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.
  • 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.
  • 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.

Optional modules

  • Behavioural Finance
    “Psychology is the basis for human desires, goals and motivations, and it is also the basis for a wide variety of human errors that stem from perceptual illusions, overconfidence, over-reliance… and emotions” (Shefrin, 2002). Behavioural Finance links finance theory and practice to human behaviour. The module begins by building upon the established, conventional principles of finance and then moves into psychological principles of behavioural finance focusing on contemporary issues. Errors and bias permeate the entire financial landscape affecting individual investors, institutional investors, analysts, portfolio managers, currency traders, financial executives amongst others. Students analyse how human behaviour impacts on the decision making of financial agents. Students learn how social forces influence individual’s choices.
  • Big Data Analytics Big Data analytics include tools and techniques from Data Science, for the transformation of raw big data into meaningful and actionable information for business analysis. Every major industry has powerful transaction-oriented systems, which stores the big data gathered from daily operations into repositories. To remain competitive, enterprises need the ability to rediscover and utilise the big data they already hold. The module will provide students with the skills to derive insights from a pool of big data available, delivering precise, actionable and timely inputs for decision making.
  • Bloomberg for Business ProfessionalsThe Bloomberg terminal is one of the most widely used data retrieval and analytical tools in trading rooms worldwide. Familiarity with this software is mandatory within the financial services industry, for entry-level staff all the way up to senior managers. This class is designed for students who need a basic introduction to the vast array of functions in order to become more familiar with a higher level of functionality and complexity. It is also designed to offer students the foundational content on different financial markets and how Bloomberg are designed to help understanding these markets better.
  • Contemporary Economic Issues
    The module aims to stimulate interest in economic affairs and theory by looking at important issues in the world economy. Whilst regional and global issues will be addressed, issues pertaining to emerging markets will be given a particular focus. By the end of the module students will have both analysed and evaluated economic issues such that they can apply these techniques of analysis to other economic issues that arise in the future.
  • Digital and Social Media Marketing
    This module provides a practical introduction to digital and social media technologies (such as Twitter, Facebook, connected devices – the internet of things and affiliate networks) and their application within marketing. The module examines the key characteristics of digital and social media, identifies the theoretical underpinnings such as issues of trust and customer engagement together with trends and usage patterns to provide a framework through which to understand and evaluate them. In addition, the module examines the legal and ethical considerations that marketing in a digital world raises.
  • Effective Business Negotiation
    Negotiation is a process that provides a vehicle for participation in problem solving and decision making to improve the effectiveness of discussions and sets the scene for operations. It is at the core of nearly every commercial activity. Systematic and thorough preparation, as well as an ability to manage shared, different, and conflicting interests, is critical to success. This module is designed to improve your negotiating skills set and enable you to master current knowledge and practice via a series of interactive and applied workshops.
  • Everyday Sustainability for Business
    This module offers an alternative approach to everyday sustainability by making it pay for more than itself in everyday practice. It requires no knowledge of rocket science or a deep enthusiasm for “green” thinking. All it requires is a desire to succeed – both as an individual and as an organisation. The sessions will take the student through auditing the current state, resolving problems, developing a workable strategy and its implementation. Supplementary content includes communications and marketing, rewards and world-class analysis techniques.
  • Global Operations and Logistics
    This module offers an alternative approach to everyday sustainability by making it pay for more than itself in everyday practice. It requires no knowledge of rocket science or a deep enthusiasm for “green” thinking. All it requires is a desire to succeed – both as an individual and as an organisation. The sessions will take the student through auditing the current state, resolving problems, developing a workable strategy and its implementation. Supplementary content includes communications and marketing, rewards and world-class analysis techniques.
  • 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.
  • Managing Virtual Work
    The module enables course participants to understand the specifics of managing different aspects of virtual work, such as distributed teams, remote employees, remote clients or collaboration partners, and organisations that are entirely virtual. One of the important aspects is the switches between off-site and on-site work that most people do in today’s work environments and its implications for perception and behaviour for both employees and management.
  • Marketing Science
    This module provides a thorough grounding in the discipline of evidence-based marketing.  It aims to build a flexible framework of reference points and analytical tools to enable marketers to work with other functional specialists. It also seeks to provide the basis for effective cross-border marketing through use of examples and cases drawn from a variety of systems, cultures and operating environments. Students taking the module begin with basic numeracy skills for marketing, working through exercises designed to familiarise them with standard terminology, measures and calculations.  They will progress to generating and manipulating their own data to extend their knowledge..
  • 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.
  • Internship
    This module allows the student to gain valuable work experience while studying for a master’s degree. Responsibility for securing the work placement lies with the student. However, the student is supported by both the work placement team and by the University’s Employability Module both during the search process and when the student is actually working. The work placement should have some direct bearing on what the student is studying: for example, a student studying MSc Marketing would be expected to secure an internship with some connection – however weak – with aspects of marketing within the business community.
  • 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.

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 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.

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 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
Full-time
Duration
15 months
Start date
January
Application code
5332
Application method
See below
Mode
Part-time
Duration
24 months
Start date
January; September
Application code
3840
Application method
See below
Mode
Full-time (with internship)
Duration
19 months
Start date
January; September
Application code
4572
Application method
See below
Mode
Full-time
Duration
12 months
Start date
September
Application code
3466
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: £8700International fee: £13125
AOS/LSBU code: 5332Session code: 1FS00
The fee shown is for entry 2019/20.
UK/EU fee: £9135International fee: £13780
AOS/LSBU code: 3466Session 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: 3840Session code: 1PS01
Total course fee:
UK/EU £8700
International £13125
The fee shown is for entry 2019/20.
UK/EU fee: £4060International fee: £6124.44
AOS/LSBU code: 3840Session code: 1PS00
Total course fee:
UK/EU £9135
International £13680

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 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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