Accounting and Finance Masters (MSc)
|Full time||1 year||2–3 days a week in teaching block 1 and up to 4 days per week in teaching block 2 depending on option modules||
Choose Kingston's Accounting and Finance MSc
Kingston's Accounting and Finance MSc is an intensive, practical and research-based course, designed to create job-ready graduates with extensive theoretical and and practical knowledge. It aims to equip you with the skills necessary to gain high-level positions in the accounting and finance industries.
This programme is taught by a highly qualified staff using up-to-the-minute data and research. If you have a degree in any discipline and would like to significantly enhance your career prospects in accounting and financial management, our Accounting and Finance MSc course is ideal.
This globally recognised masters is a rigorous and challenging programme that will provide you with a well-integrated knowledge of financial accounting, finance and investment, and management accounting. At every level you will also relate this to the wider issues of management and corporate strategy.
- Resources: the Kingston Business School has a wealth of academic resources including journal subscriptions, IT suites and an extremely well-stocked library. In addition, we have a subscription to Thompson Reuters Datastream, giving you information on all public limited companies (PLCs) going back to 1963. The University is one of only a handful of UK universities with a Bloomberg trading room. Find out more about our facilities.
- Qualifications and exemptions: Kingston students can apply for Bloomberg certification as well as exemptions from the Association of Chartered Certified Accountants (ACCA). These industry-recognised qualifications give graduates a huge advantage in the jobs market.
- International: Kingston Business School is proud to have a truly international student body. During your masters you will meet and work with students from a wide variety of countries and cultures. This will add international insight to class discussions and working groups, and contributes to a strong global alumni network.
What will you study?
During your Accounting and Finance MSc, you will develop your understanding of the purpose and nature of financial accounting, modelling and reporting. You will look at how theoretical and conceptual issues combine in the operational and practical activities of management accounting.
You will also look at the political, economic, social, technological, legal and environmental factors which influence an organisation's social responsibilities and how they integrate with a company's strategic decision-making processes. In addition you will examine the core theories of finance and investment and how they can be used in practical decision-making contexts.
Assignments, case studies, formal examinations and dissertation.
"I achieved a Distinction on the course and my dissertation received a prestigious Grand Prize Distinction in the 2013 international competition of the Centre des Professions Financieres in Paris. Much of my success is due to the excellent teaching and supervision of the academic staff at Kingston. Particular credit is given to my supervisor Dr Salma Ibrahim, who encouraged and guided me throughout my studies." Muhammad Tahir, Accounting and Finance MSc (with Distinction) graduate
"From my first phone call to arrange an interview with my present employer, it quickly became apparent that without my Accounting and Finance MA it was very unlikely that such a large investment bank would respond to my application. When the interview came, I elaborated on the knowledge gained at Kingston – my interviewers were particularly impressed with the diversity this qualification contained." Matthew Spencer, UBS Warburg
Please note that this is an indicative list of modules and is not intended as a definitive list. Those listed here may also be a mixture of core and optional modules.
Financial Accounting and Financial Management
This module introduces financial accounting and financial management in a business context. It will provide you with a mix of practical 'know how' as well as a theoretical underpinning. The module explains the principles for constructing the key financial statements which will enable you to produce financial statements from transaction records using double entry principles. You will learn how to conduct an appraisal of an organisation's financial statements. You will look at companies' financial statements and their regulation. This module has an active-learning approach which is adopted in the lectures with informal feedback through discussion and practice questions. The financial management section of this module aims to equip you with the skills required to fulfil a senior financial management position in a modern organisation.
This module will enable you to understand and prepare management information to support the decision-making in an organisation. You will be able to calculate the costs associated with both the manufacturing of products and the provision of services and to determine their price. This module will expand your understanding of budgeting approaches and how budgets are produced. This module also covers effective performance management systems such as performance measures, to assist management-decision making.
Market-based accounting deals with the interrelationship between capital markets and accounting information. In this module you will become familiar with important issues in empirical accounting research and then apply the underlying accounting and finance concepts in capital market settings. The module builds on the knowledge gained in the Financial Accounting and Financial Management module and provides the skills necessary to both the accounting and finance professions.
Financial Modelling and Research Methods
This is a core module which takes place in two parts, the first and second terms. Part 1 will give you an underpinning and understanding of numerical techniques used in the business and finance world to help strategic decision-making. It will give you the accounting, mathematical and statistical foundations you will need in accounting and finance over the course of your masters degree. Part 2 is about understanding research methodology and the methods and skills that you will need to complete your research project over the summer.
Corporate Finance and Financial Statement Analysis
This module will teach you about a unique combination of major contemporary theoretical and empirical developments in corporate finance, and the analysis and valuation of companies from both an accounting and financial perspective.
The corporate finance section will help develop your critical knowledge and understanding of the core theories and concepts in the field of corporate finance. It aims to develop your skills and ability to apply this knowledge and understanding in real corporate cases.
The financial statement analysis section will develop your critical knowledge and understanding of accounting principles and enable you to analyse financial statements and reports using financial ratios and other metrics. You will assess corporate profitability and financial stability and to critically evaluate the corporate reporting choices.
This module will be especially useful for students interested in careers in the corporate or financial services sectors, as well as those interested in working as financial advisers, consultants or analysts.
International Money and Finance
The module aims to develop critical knowledge and understanding about international risk management around foreign exchange and interest rates. It covers evidence around foreign exchange and interest rates. The module will focus on how firms utilise risk management techniques and source debt on the international financial markets.
Auditing and Control
This module will introduce you to the concept of auditing. It covers the theoretical frameworks as well as practical processes and techniques. Current regulation, legislation, corporate governance and ethics will also be covered. The module is assessed with one piece of coursework, a presentation and an examination.
This module looks at the general objectives of tax assessment and the types of tax that apply in the UK. At the end of the module you will be able to:
- assess the tax liability of both individuals and businesses; and
- appreciate the implications of tax policies on business decision making.
The module also covers ethical considerations and the administration of taxation.
This module deals with corporate financial reporting. It considers the principles and application of various reporting requirements and standards such as IFRSs, as well as alternative methods of accounting. The focus of the module then considers and evaluates financial reporting in a wider business and social context.
This module will begin in Semester 2, and is completed over the summer. It is an independent research project which you will work on with the supervision of an academic staff member with expertise in your chosen area. To complete this module you will need to identify an issue or problem to investigate, analyse the issue and structure your approach. You will need to examine relevant source material, carry out your own research (including the collection and analysis of original data, or you will need to analyse existing data in an original way) and produce an action-oriented report based on your findings.
This course has been rated as one of the best accounting and finance masters courses in western Europe, ranked 42nd out of 200 programmes by the Eduniversal masters ranking 2013/14.
Business school ranking
Kingston Business School has been awarded 'Excellent' business school status, following a vote by 1,000 deans and directors from universities in 154 countries.
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