MSc Accounting and Finance
Why choose this course?
Offering a challenging and intellectually stimulating learning experience, our MSc prepares you for ACCA professional level examinations alongside a highly respected masters qualification.
- Develop your financial techniques and knowledge to an impressive level through an exciting combination of technical and strategic learning
- Improve your employability with key skills in critical thinking, communication, team work, leadership and management
- Learn in an accredited ACCA and CIMA study centre, drawing on the expertise of professionally qualified staff who have both industry and academic experience
- Take the opportunity to go on a short to medium-term finance internship, so that you benefit from relevant work experience while studying for your masters
- Add substance to your CV; by completing this course, you can apply for exemptions from AIA, ICAEW and CPA Australia professional qualifications.
Course code: MN4AB
Start date: September
Course length: Full-time: one year
Campus: Kedleston Road site, Derby Campus
College: College of Business
This course is available to international students
About this course
This course prepares you to be operationally and strategically effective in senior finance roles in any sectors, anywhere in the world.
Enhance your career prospects
We deliver thorough and inspirational training. You’ll extend your practical skills in the core areas of finance and accounting, gain a strong theoretical framework of knowledge and develop important research and analytical abilities.
The MSc offers a dual approach to learning which will help you create a CV of real interest and substance. You can start working towards your ACCA professional level papers in parallel to studying for your masters qualification, with comprehensive support and guidance from your personal tutor throughout. We even run revision classes for the ACCA papers if you decide to pursue this route.
When you’ve completed the course, you’ll be fully equipped to advance your career within an increasingly complex and global business environment.
Making it real
We link the academic content of the course to real life business scenarios throughout. Via challenging consultancy projects, you’ll work with employers and leading professionals who will share their experiences with you and bring you up to date with latest developments in finance and accounting.
They deliver guest lectures, offer professional mentoring, give their input to assessments, and provide live case studies to bring a new dimension to your learning.
Many employers also offer our students short-term or medium-term finance-related internships, either on a paid or voluntary basis. The list of opportunities is broad. You could, for instance, make a difference to a local community organisation: our students have enjoyed internships with Derby Museum and the Citizens Advice and Law Centre in Derby.
Be inspired by our expertise
You’ll be taught by a dedicated team of professionally qualified (CIMA, ACCA, CIPFA and ICAEW) accountants who have many years of teaching, learning and assessment experience in higher education and professional accountancy programmes.
Among them are staff who have also taught on ACCA and CIMA courses so are ideally placed to help you prepare for your external professional papers. They also include active researchers whose work underpins and enriches the course.
Build your networks
The College of Business is proud of its role at the heart of the regional business community. We provide you with an academic experience that connects you to this business world, improving your networking skills and building your professional contacts.
Our MSc students have taken part in our Geldards Debate Series and our Network of Entrepreneurs events, and have attended talks by inspirational senior figures such as Sam Rush, CEO of Derby County Football Club. All these opportunities give you a broader picture of business in action.
A dynamic learning experience
Class sizes are small so you’ll enjoy plenty of guidance in a friendly and stimulating atmosphere. Because the MSc attracts students from across the world, you’ll also be able to deepen your knowledge of accounting and finance in other countries and the cultural implications of business practice.
An exciting new addition to our facilities is the Bloomberg Trading Room where you can gain hands-on experience of trade floor activities and financial market analysis. It gives you the chance to work with data direct from the stock exchange to simulate what it’s like to work in such a fast-paced arena.
We encourage you to take part in a wide range of extra-curricular activities and these can lead to an additional award to show employers the breadth of your experience. Our special Futures Award for the Finance Professional enables you to build a portfolio showing what you have achieved above and beyond your studies – from networking to volunteering, from taking part in competitions to attending leadership workshops.
It’s all about demonstrating your ambition, confidence, independent thinking and professional behaviour to help you secure your ideal job and achieve greater success in your career.
What you will cover
The course is made up of three stages – Postgraduate Certificate, Postgraduate Diploma and MSc.
You’ll study modules such as:
Governance, Risk and Ethics
This module will develop your ability to exercise professional judgement in undertaking the role of the accountant in respect of governance, internal control, compliance and the management of risk in an organisation, all within an overall ethical framework. It focuses on enhancing your application, communication and technical skills.
You’ll integrate your understanding of strategic analysis, marketing, finance, people management, IT, project management and business process change to make an informed analysis of the issues facing a business. You’ll then apply that knowledge and make reasoned judgements so that you can give practical, commercial advice based on a real business scenario.
Providing a mix of technical and non-technical understanding, this module covers the application of international accounting standards to the preparation of group accounts. You’ll evaluate the ethical implications of selecting appropriate corporate reporting strategies and discuss the impact of contemporary and emerging corporate reporting issues on strategic business decisions.
You’ll study modules such as:
Advanced Financial Management
You’ll develop your skills in managing the conflicting needs of stakeholders as part of a senior financial manager’s responsibility; analysing the impact of macro economics in the financial management of multinationals; evaluating potential investment decisions; planning strategic growth and corporate reorganisation; and applying alternative advanced treasury and risk management techniques.
Advanced Performance Management (subject to availability)
This module deepens your understanding of the links between management accounting and organisational strategy. It investigates external and internal influences on performance measurement in not-for-profit organisations and private companies. You’ll gain in-depth knowledge of performance management systems and insights into whether management accountants can forecast and help prevent business failure.
Advanced Taxation (subject to availability)
You’ll gain further knowledge and understanding of business and personal taxation within a UK and international context. This will equip you to make decisions and provide recommendations surrounding strategic financial and taxation issues at senior levels within an organisation. You will also look at the impact of government taxation policies on businesses and individuals.
Advanced Audit and Assurance
You’ll discuss the nature, purpose and scope of audit and assurance practice, evaluating information systems and internal control systems and exploring the auditor’s position in relation to professional and ethical frameworks. This module equips you to appraise current approaches to undertaking an audit and assurance services within the requirements of international standards.
Financial Market Analysis (subject to availability)
We help you improve your ability to apply mathematical and statistical techniques to financial market analysis. You’ll gain an in-depth understanding of the modern techniques used so that you can not only undertake financial market analysis but also critically assess existing financial market analysis.
Mergers and Acquisitions
Drawing on a range of disciplines, you’ll gain a strategic financial perspective on the use of mergers and acquisitions in business strategy. This module will help you to evaluate and analyse potential mergers and acquisitions and to make recommendations for a way forward in light of a company’s objectives.
You’ll undertake a major piece of independently researched work. This will involve an in-depth investigation of a management area which has a strategic dimension, addresses organisational issues and provides a process for solving management problems. You’ll also reflect on your research experience and use what you have learned to guide your future development.
For the MSc you will usually need:
- A good honours degree with an accounting background
- If English is not your first language, you will also need IELTS 6.5
To take advantage of the dual learning offered by the MSc programme, you will need:
- A good honours degree in Accounting which provides exemptions from the first 9 ACCA papers or to have passed ACCA F1-F9.
- To be registered with ACCA - this will be your own responsibility.
If English is not your first language, you will also need IELTS 6.5.
- How to apply
Fees and finance
2016/17 Fees (August 2016 - July 2017)
Full-time Part-time UK/EU
£730 per 20 credits*
£730 per 20 credits*
£12,000 for the full programme
*Note – at postgraduate level, you’ll need to gain the following number of credits in total to obtain the awards below.
Postgraduate Certificate 60 Credits Postgraduate Diploma 120 Credits MA or MSc 180 Credits
This means you will gain 180 credits in total to complete the full MA or MSc. If you’re studying full-time you will normally complete 180 credits over one year. If you are studying part time you will normally complete your studies over two or three years, depending on the course structure.
Please note that all fees may be subject to annual increase.
Funding your studies
Alumni discount for Derby graduates
Scholarships and bursaries
How you will learn
You will learn through a mixture of lectures, group work, discussions, workshops, case-study analysis, practical analysis and personal networking.
How you'll be assessed
The course uses a range of assessment methods including case study evaluation, time constrained assignments, reflective writing, research-based papers, presentations and group work.
We have also introduced assessments that will enhance your digital literacy capabilities, such as reporting via video and presenting data using infographics.
Who you'll meet
Our staff are passionate about their subject disciplines and committed to your success. The team includes:
Parminder Johal, our Programme Leader whose professional interests centre on how higher education can be aligned to the ever-changing nature of the accountancy profession and employers’ needs. Her research focuses on investigating accounting practices within SMEs, family-owned businesses and across international borders.
Elaine Conway, Senior Lecturer in Accounting and Finance, whose research interests span business development and improvement, corporate social responsibility, corporate financial performance and accounting standards development.
Dr Nicola Lynch, Head of Economics and an applied economist who researches on public policy issues – including industrial/enterprise policy development, economic development policy and the impact of business networks at micro and macro levels.
David Thompson, Lecturer in Accounting and Finance,who specialises in advanced audit and assurance as well as governance, risk and ethics.
Careers and employability
There is always a demand for professional accountants and the MSc will equip you to embark on a new career – or advance your existing career – in many diverse roles and sectors, anywhere in the world.
Our graduates have taken up accounting careers in both public and private sector businesses, ranging from local practices to multinational accounting firms.
Among their career destinations are senior roles with PwC, HMRC, the NHS, Baker Tilly International, epm:technology group, Ashgates Accountants and Business Advisors, Bates Weston and Prime Chartered Accountants.
Our strong links with the business community have opened doors to many exciting job opportunities. Over the last two years, Rolls-Royce have recruited our graduates into their finance department on six-month contracts which have subsequently become permanent jobs.
The MSc is fully focused on helping you to realise your career ambitions. We run a series of ‘professional development’ hours that you are invited to attend to nurture your broader employability skills and help you chart your future direction.
Special sessions are devised to fill any skills gaps which students themselves identify. We have, for instance, responded to requests for extra tuition in the use of Excel. You will also strengthen your CV through the extra-curricular activities undertaken as part of the Futures Award.
Professional accounting bodies such as ACCA and CIMA visit the University to showcase the different career routes that students can explore. Our alumni often attend these sessions too, sharing their own career experiences and often highlighting current vacancies within their own organisations.
What our students say
"Every lecture has added to and polished the knowledge I acquired on my first degree. It has given me a better understanding of key concepts and introduced new insights into areas such as the implications of taxation and time value of money.
"Doing the MSc really opened my eyes: I didn’t just know how to do the calculations but also understood why I do the calculations and how the variables can affect business decisions."
Tatenda Musekiwa, who went on to become a Finance Analyst at Webhelp.
“The University of Derby really helps its students with their future employability. Derby has given me full guidance on how to plan for my future and helped me to create a very interesting and rich CV. I became a much more confident and motivated person who wants a successful career.”
Maria Lymboura, who went on to work in the assurance department for PwC in Cyprus.