Skip to Content

Accounting and Finance (MSc)

MSc | Postgraduate Taught

Accounting and Finance

Entry year
2021
Entry requirements
2.1
Duration
1 year (Full Time)
Places available
Open (Full Time)
This course is now closed to applications for September 2021. If you are interested in September 2022 entry, please register your interest.
  • Overview

    Queen’s Management School currently offer MSc Accounting and Finance intake in both January 2022 and September 2022.

    Do you want to be able to speak “the language of business” and understand financial decision making and financial institutions? Do you want to be taught and supervised by leading academics whilst gaining exemptions from the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Management Accountants (CIMA) professional examinations?

    Accounting is the process of summarising, analysing and reporting financial transactions to permit informed judgements and decisions by users of the information.

    Finance looks at how company managers and investors make financial decisions, how they manage their risk and how financial markets function.

    The MSc in Accounting and Finance provides students with an understanding of both the theoretical framework and practical skills necessary to work in the global financial environment.

    Accounting and Finance highlights

    Accounting and Finance at Queen's is ranked 6th in the UK in the Complete University Guide 2021.

    Professional Accreditations

    • The programme is accredited by ACCA (the Association of Chartered Certified Accountants), the global body for professional accountants. The programme is also part of the CIMA accelerated route, which will allow students to enter via the CIMA master’s gateway route.
    • Students have the opportunity to hear from industry professionals and academics who regularly deliver guest lectures/talks in the Management School.

    Professional Exemptions

    • The programme is accredited by ACCA (the Association of Chartered Certified Accountants), the global body for professional accountants. The following exemptions are available to graduates from 01/01/2021 to 31/12/2025 - Business and Technology (BT), Management Accounting (MA), Financial Accounting (FA), Corporate and Business Law (LW), Audit and Assurance (AA), Financial Management (FM), Financial Reporting (FR) and Performance Management (PM). Note that AA is only exempted if module ACC7007 is completed. For further information consult the ACCA exemptions calculator.
      https://www.accaglobal.com/gb/en/help/exemptions-calculator.html
    • Students may also avail of exemptions from the CIMA, entering at the Management Level Case Study entry point. Thus, students are exempted from all elements of the Certificate and Operational levels, plus E2 Managing Performance, P2 Advanced Management Accounting and F2 Advanced Financial Reporting.

    World Class Facilities

    • The Corporate Finance module is taught in the FinTrU Trading Room. Students have access to Bloomberg software, a market leader in financial news, data and analytics, which is used by many financial institutions.
    • Students may wish to join the Trading and Investment Club, a student run organisation which aims to educate its members on trading and investing through guest speakers, competitions and educational seminars. The Student Managed Fund, which uses real money, gives students the opportunity to be part of an investment management process.

    Student Experience

    • Students will use and have access to software such as Stata, Excel, Matlab, and databases such as Thomson One Banker, DataStream and Bloomberg.
  • Course content

    Course Structure

    The programme offers the opportunity to pursue appropriately advanced studies in both accounting and finance, equipping the students for careers in financial institutions, management consulting, and industry or government bodies.

    The modules included in the programme aim to develop capacities of critical assessment of literature and methods, and the ability to communicate, orally and in writing, on topics in accounting and finance.

    They provide a stimulating suite of learning activities that introduce students to contemporary theories and practice.

    The contents provided during the programme will also be useful to those who wish to pursue PhD studies in accounting and finance.

    Semester 1 (60 CATS)Financial Management
    This module provides a theoretical and practical understanding of core financial management issues. Topics include the role of financial management, the implications the economic environment can have on the financial management function, sources of business finance, investment appraisal, working capital management and risk.

    Corporate Finance
    This module analyses how corporations make major financial decisions. The theory of corporate behaviour is discussed and the relevance of each theoretical model is examined by an empirical analysis of actual corporate decision making.

    International Financial Accounting and Reporting
    This module develops appreciation of financial accounting concepts in the construction and application of the theory and practice of international financial accounting and reporting.

    Case Studies in Accounting and Financial Management
    This is delivered alongside International Financial Accounting and Reporting and Financial Management.
    Semester 2 (60 CATS)Accounting and Performance Management in Public-Sector and Not-For-Profit Organisations
    This module provides a theoretical and practical understanding of contemporary performance management and governance issues in public-sector and not-for-profit organisations, using both quantitative and qualitative methods.
    The module explores the role and application of performance management and governance in public-sector and not-for-profit organisations.

    Management Accounting and Control
    This module develops extended knowledge and understanding of management accounting theories and techniques in order to help management in planning, decision-making and performance control in different business contexts.

    Research Methods and Techniques
    This module provides a thorough background of research methods and techniques that can be applied to the field of accounting. Students will learn relevant theoretical and methodological aspects in accounting research andl be equipped with knowledge on how to conduct qualitative and quantitative research projects.

    Plus choose one from:

    Derivatives
    This module develops theoretical and practical knowledge of derivative instruments in financial markets. It introduces typical derivative instruments including futures, forwards, options, etc. It also covers classic derivative pricing models such as the binomial tree model and the Black-Scholes Model.

    International Finance
    This module details the complications and unique characteristics of finance that crosses a border. It covers subjects such as foreign exchange trading, exchange rate systems, and the real economic effects of capital flows.

    Money and Banking
    This module examines the theory of money and banking. The module content considers the main banking and monetary institutions and monetary policy.
    Semester 3 (60 CATS)Route 1 – Dissertation

    Traditional Dissertation (100%)
    The aim of the dissertation is to provide students with the skills needed for conducting theoretical and/or empirical research in accounting and finance.

    Route 2 – Academic Research Project

    Auditing and Accountability (25%)
    This element of the module provides a theoretical and practical understanding of contemporary auditing and accountability issues in the private, public and not-for-profit sectors, including principles and techniques of auditing.

    Ethics and Governance (25%)
    This element of the module provides an overall understanding of the complex and dynamic relationships between business corporations, their stakeholders (shareholders, employees, customers, suppliers etc.) and the society in which they operate.

    Critical Literature Review (50%)
    This element of the module requires completion of a Critical Literature Review on a chosen/given topic. This will provide students with the skills needed for conducting theoretical and literature-based research in accounting and finance.

    People teaching you

    Dr Martin Kelly
    Senior Lecturer (Education)

    Queen’s Management School
    Martin has worked in various roles in academia and management development for the past twenty-five years. He previously worked as a Chartered Accountant with PwC. Martin lectures in Financial Accounting and his research interests include organisational ethics, accountability and sustainability reporting.

    Dr Martin Quinn
    Programme Director

    Queen's Management School
    Martin is a CIMA member and has worked in several industrial roles. His teaching area is management accounting. His research focuses on organisational and accounting change, including accounting information systems change and historical accounting research.

    Ms Brenda Clerkin
    Lecturer of Practice (Accounting)

    Queen’s Management School
    Brenda has a background with a Big 4 firm, is a fellow of Chartered Accountants Ireland and teaches auditing, ethics, data analytics & modern technologies.

    Professor Ciaran Connolly
    Subject Leader for Accounting

    Queen’s Management School
    Ciaran, who is a member of Chartered Accountants Ireland, worked in accounting practice for a number of years prior to moving to academia. His teaching interests are in the area of financial accounting and his main sphere of research is in the field of public services, particularly the financial and performance measurement aspects of the charity and public sectors.

    Career Prospects

    Introduction
    This Masters programme provides the basis for both profession- and research-orientated careers, as well as skills and knowledge required to progress into management careers in the accounting and financial services. It opens a wide range of career opportunities in banking, accounting and auditing, government, corporate finance, investment analysis and academia.

    Queen's postgraduates reap exceptional benefits. Unique initiatives, such as Degree Plus and Researcher Plus bolster our commitment to employability, while innovative leadership and executive programmes alongside sterling integration with business experts helps our students gain key leadership positions both nationally and internationally.

    Learning and Teaching

    Teaching Methods

    Learning opportunities associated with this course are outlined below:

    The development of transferable skills will shape the teaching and learning on the programme. The successful completion of coursework, for instance, will require students to gather information from a range of sources, as well as select and assimilate the relevant knowledge and complete tasks within deadlines.

    You will also acquire the ability to write projects and an MSc dissertation, which aims at developing the skills of reading and summarising academic articles. The students will be able to analyse financial statements, apply investment strategies and understand the role of accounting in both profit and not-for-profit organisations.

    Assessment

    Assessments associated with the course are outlined below:

    A variety of methods, including individual and group work, presentations, case studies, class tests and dissertation will be used. Both summative and formative assessment methods are adopted throughout all modules, which span from practical computer based work, to class tests, group and individual presentations and academic essays.

    Facilities

    You will have access to Bloomberg terminals in the FinTrU Trading Room, giving students the skills, experience and knowledge necessary to prepare them for a career in the financial services sector.
    https://www.qub.ac.uk/schools/QueensManagementSchool/About/FinTrUTradingRoom/

  • Entry Requirements

    Entrance requirements

    Graduate
    Normally a 2.1 Honours degree in a relevant subject (Accounting or Finance based) or equivalent qualification acceptable to the University.

    Exceptional applicants with degrees in Engineering, Mathematics, Management, Economics or other relevant subjects can also be considered. All applicants must have sufficient relevant knowledge of and/or experience in basic Accounting.

    International Students

    For information on international qualification equivalents, please check the specific information for your country.

    English Language Requirements

    Evidence of an IELTS* score of 6.5, with not less than 5.5 in any component, or an equivalent qualification acceptable to the University is required. *Taken within the last 2 years.

    International students wishing to apply to Queen's University Belfast (and for whom English is not their first language), must be able to demonstrate their proficiency in English in order to benefit fully from their course of study or research. Non-EEA nationals must also satisfy UK Visas and Immigration (UKVI) immigration requirements for English language for visa purposes.

    For more information on English Language requirements for EEA and non-EEA nationals see: www.qub.ac.uk/EnglishLanguageReqs.

    If you need to improve your English language skills before you enter this degree programme, INTO Queen's University Belfast offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for admission to this degree.

    • Academic English: an intensive English language and study skills course for successful university study at degree level
    • Pre-sessional English: a short intensive academic English course for students starting a degree programme at Queen's University Belfast and who need to improve their English.

    INTO - English Language Course(QSIS ELEMENT IS EMPTY)

  • Fees and Funding

    Tuition Fees

    Northern Ireland (NI) 1 £7,250
    Republic of Ireland (ROI) 2 £7,250
    England, Scotland or Wales (GB) 1 £7,250
    EU Other 3 £21,500
    International £21,500

    MSc (T) Accounting and Finance 

    1 EU citizens in the EU Settlement Scheme, with settled or pre-settled status, are expected to be charged the NI or GB tuition fee based on where they are ordinarily resident, however this is provisional and subject to the publication of the Northern Ireland Assembly Student Fees Regulations. Students who are ROI nationals resident in GB are expected to be charged the GB fee, however this is provisional and subject to the publication of the Northern Ireland Assembly student fees Regulations.

    2 It is expected that EU students who are ROI nationals resident in ROI will be eligible for NI tuition fees, in line with the Common Travel Agreement arrangements. The tuition fee set out above is provisional and subject to the publication of the Northern Ireland Assembly student fees Regulations.

    3 EU Other students (excludes Republic of Ireland nationals living in GB, NI or ROI) are charged tuition fees in line with international fees.

    All tuition fees quoted are for the academic year 2021-22, and relate to a single year of study unless stated otherwise. Tuition fees will be subject to an annual inflationary increase, unless explicitly stated otherwise.

    More information on postgraduate tuition fees.

    Additional course costs

    All Students

    Depending on the programme of study, there may be extra costs which are not covered by tuition fees, which students will need to consider when planning their studies.

    Students can borrow books and access online learning resources from any Queen's library. If students wish to purchase recommended texts, rather than borrow them from the University Library, prices per text can range from £30 to £100. Students should also budget between £30 to £75 per year for photocopying, memory sticks and printing charges.

    Students undertaking a period of work placement or study abroad, as either a compulsory or optional part of their programme, should be aware that they will have to fund additional travel and living costs.

    If a programme includes a major project or dissertation, there may be costs associated with transport, accommodation and/or materials. The amount will depend on the project chosen. There may also be additional costs for printing and binding.

    Students may wish to consider purchasing an electronic device; costs will vary depending on the specification of the model chosen.

    There are also additional charges for graduation ceremonies, examination resits and library fines.

    Accounting and Finance costs

    There are no specific additional course costs associated with this programme.

    How do I fund my study?

    The Department for the Economy will provide a tuition fee loan of up to £5,500 per NI / EU student for postgraduate study. Tuition fee loan information.

    A postgraduate loans system in the UK offers government-backed student loans of up to £10,609 for taught and research Masters courses in all subject areas. Criteria, eligibility, repayment and application information are available on the UK government website.

    More information on funding options and financial assistance.

    International Scholarships

    Information on scholarships for international students, is available at http://www.qub.ac.uk/International/International-students/International-scholarships/.

  • Apply

    How to Apply

    Apply using our online Postgraduate Applications Portal go.qub.ac.uk/pgapply and follow the step-by-step instructions on how to apply.

    Apply now

    When to Apply

    The deadline for applications is normally 30th June 2021. In the event that any programme receives a high volume of applications, the university reserves the right to close the application portal earlier than 30th June deadline. Notifications to this effect will appear on the Direct Entry Portal (DAP) against the programme application page.

    Terms and Conditions

    The terms and conditions that apply when you accept an offer of a place at the University on a taught programme of study.
    Queen's University Belfast Terms and Conditions.


    Download a prospectus