University of Portsmouth
Accounting and Finance
A good second class honours degree (55% or above), or equivalent professional experience and/or qualifications. Exemptions from two core units are available for applicants who are full members of ICAEW, ACCA or CIMA. English language proficiency at a minimum of IELTS band 6.5 with no component score below 6.0.
You will study a total of five units which incorporate a range of topics covering financial accounting and corporate governance, strategic management accounting, investment strategies and business valuation. We will also guide you in applying sophisticated forecasting techniques to help you understand and anticipate business trends. With our guidance you will learn how to design and deliver research to the highest standards. The course concludes with your dissertation where you'll engage in research on a topic of your choice.
Here are the units you will study:
Financial Accounting and Corporate Governance:
This unit will cover the purpose, principles and preparation of the main accounting statements in the context of a global financial environment. You will also consider the regulatory framework, analysis and interpretation of company reports, corporate governance frameworks and business ethics. You will also cover the key principles and methods behind the preparation of corporate tax calculations. This insight will be built upon a broad based understanding of important accounting concepts covered in the unit. You will develop, through practical seminar and assignment work, an understanding of the purpose and application of external corporate reporting.
Strategic Business Planning and Control:
You will consider the internal perspectives of the firm in areas such as business planning and control, including issues such as budgeting, the design of management control systems and the development of spreadsheet-based decision support systems. You will then build on this foundation by developing a more strategic corporate perspective. The unit also explores the relationships between strategy, strategic management and strategic management accounting. The latter will be set in the context of the historical development of management accounting in general.
Managerial Finance and Financial Markets:
This will introduce you to key theoretical issues relating to financial markets and institutions, investments and corporate financial management, and their practical applications plus limitations. The areas covered will encompass shareholder value and the goals of the firm and the process of shareholder value creation, project evaluation and the discounted cash flow model, capital market theories including the efficient markets hypotheses and the ideas of modern portfolio theory. From this core understanding you will move on to look at the psychological, institutional and agency theory factors that impact upon financial markets. You will consider key empirical research on the explanatory and predictive power of models in the context of implementing investment strategies. This will be assisted by guided critical analysis of research and analysis of live data.
Corporate Finance and Valuation:
This unit will give you the opportunity to consider the primary financial decisions of the firm focusing on advanced capital budgeting techniques and the strategic analysis of capital investment decisions, capital structure theories and financing policy, and dividend policy. You will appraise theories in the context of empirical research to facilitate critical understanding of the issues. Advanced study in business valuation will give you a practical understanding and further enable you to apply key professional techniques, which is particularly relevant for mergers and acquisitions, initial public offerings and private equity transactions.
Research Methods and Dissertation:
This is a scheme of independent research. We offer comprehensive training via lectures and workshops throughout the year to develop skills commensurate with standards of good research practice. On completing this programme you will be ideally placed to develop your own research projects and work within professional research teams.
Teaching and Assessment:
We use a combination of teaching methods from lectures, seminars and tutorials to student presentations, case studies and practical sessions in our Bloomberg Suite. We are committed to best practice in learning and encourage group participation promoting discussion and debate in a friendly, yet challenging class environment.
How are you assessed?
You are assessed in a variety of ways to reflect the individual topics. Our approaches to learning, assessment and feedback are varied and constructive, to help you build the personal management and employability skills that are essential for a fulfilling career.
|Qualification||Study mode||Start month||Fee||Course duration|
|MSc||Full-time||September 2016||-||1 years|
|MSc||Part-time||September 2016||-||30 months|
|Campus name||Town||Postcode||Region||Main campus||Campus||Partner|
|Main Site||Portsmouth||PO1 2UP||South East|