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MSc|Postgraduate Taught

Accounting and Finance

Entry year
2024/25
Entry requirements
2.1
Duration
1 year (Full-time)
Places available
TBC (Full Time)

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?

If the answer is yes, the MSc in Accounting and Finance in Queen’s Business School is the programme of choice for you.

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

A range of modules covering financial reporting, finance, management accounting and performance management, research skills and business technologies/analytics will give you the technical skills for the contemporary workplace.

Queen’s University is ranked third in the UK for Graduate Prospects in Accounting and Finance (Times and Sunday Times Good University Guide 2024).

Accounting and Finance highlights

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 Business 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 a pass mark is obtained in particular elements of module ACC7007. 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. For further information consult the CIMA exemptions database.
https://www.cimaglobal.com/Starting-CIMA/Starting-CIMA/Exemptions/Exemption-Search/

World Class Facilities

Queen's Business School (QBS) has recently undergone an innovative expansion that establishes a benchmark of global excellence for one of the top business schools in the UK and Ireland. A stunning new 6,000 square metre building, adjacent to the listed red-brick Riddel Hall has been designed with the latest digital infrastructure for media lecture capture, TED Talk provision and collaborative breakout sessions.

Fostering an enhanced social and educational experience the new state-of-the-art QBS venue boasts a 250-seat tiered educational space; 120-seat Harvard style lecture theatre; 150-seat computer laboratory; breakout study spaces; FinTrU Trading Room; a café, and a Business Engagement and Employability Hub.

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.

Student Testimonials

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 the public sector.

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
- Business Technologies and Analytics
- International Financial Accounting and Reporting
- Case Studies in Accounting and Financial Management

Semester 2 (60 CATS)

- Accounting in Society
- Management Accounting and Control
- Research Methods and Techniques

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.

OR

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

Sr Lecturer in Accounting and Programme Director

Queen’s Business School
Bibek has an MBA, a PhD in Finance and is a Fellow of Higher Education Academy. He currently teaches corporate finance and management accounting. His current research involves issues around text analysis, fintech, female labour participation, exam integrity, among others.

Senior Lecturer (Education)

Queen’s Business 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.

Lecturer in Accounting

Queen’s Business School
Mohamed holds a PhD degree in Accounting and Finance from the University of Bristol. He is a Fellow of Higher Education Academy (FHEA). His teaching includes accounting and research methods. His research interests include market-based accounting research, corporate governance, corporate disclosures, corporate failure, textual analysis, and external auditing/internal controls.

Lecturer of Practice (Accounting)

Queen’s Business 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.

Lecturer in Accounting

Queen’s Business School
Xinwu teaches accounting and research methods. Her research interests include Sustainability Reporting, Integrated Reporting and Corporate Social Responsibility (CSR).

Professor in Accounting

Queen’s Business 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.

Professor in Accounting

Queen's Business 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.

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/queens-business-school/student-opportunities/fintru-trading-room/

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Overview

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Modules

Modules

The information below is intended as an example only, featuring module details for the current year of study (2023/24). Modules are reviewed on an annual basis and may be subject to future changes – revised details will be published through Programme Specifications ahead of each academic year.

  • Year 1

    Core Modules

    Optional Modules

    Derivatives (15 credits)
    Money and Banking (15 credits)

Entrance requirements

Graduate

Normally a 2.1 Honours degree in Accounting and/or Finance or equivalent qualification acceptable to the University.

Exceptional applicants with degrees in Engineering, Mathematics, Management, Economics, Business or Law may be considered. Such applicants must have sufficient relevant knowledge of Accounting/Finance.

To demonstrate preparedness for MSc degree-level study, applicants must have achieved the degree/qualifications used to meet the entry requirements within five academic years prior to the year of entry.

Applicants are advised to apply as early as possible and ideally no later than 16th August 2024 for courses which commence in late September. In the event that any programme receives a high number of applications, the University reserves the right to close the application portal. Notifications to this effect will appear on the Direct Application Portal against the programme application page.

Please note: international applicants will be required to pay a deposit to secure a place on this course.

International Students

Our country/region pages include information on entry requirements, tuition fees, scholarships, student profiles, upcoming events and contacts for your country/region. Use the dropdown list below for specific information for your country/region.

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.

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Careers

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.

For further opportunities to enhance your studies and career prospects please see the school website.
https://www.qub.ac.uk/schools/queens-business-school/student-opportunities/

Employment after the Course

Graduate prospects from the MSc Accounting and Finance are excellent; culminating in Queen’s being ranked first in the UK for Graduate Prospects in Accounting and Finance (Times and Sunday Times Good University Guide 2023).Graduates from this programme have secured roles with employers such as Bank of China, Deloitte, EY, KPMG, PwC, Allstate, and many others. Typical graduate roles include chartered and certified accountants, consultants, auditors and finance professionals.
https://www.qub.ac.uk/directorates/sgc/careers/

Graduate Plus/Future Ready Award for extra-curricular skills

In addition to your degree programme, at Queen's you can have the opportunity to gain wider life, academic and employability skills. For example, placements, voluntary work, clubs, societies, sports and lots more. So not only do you graduate with a degree recognised from a world leading university, you'll have practical national and international experience plus a wider exposure to life overall. We call this Graduate Plus/Future Ready Award. It's what makes studying at Queen's University Belfast special.

Tuition Fees

Northern Ireland (NI) 1 £8,800
Republic of Ireland (ROI) 2 £8,800
England, Scotland or Wales (GB) 1 £8,800
EU Other 3 £25,800
International £25,800

MSc (T) Accounting and Finance 

1EU citizens in the EU Settlement Scheme, with settled status, will be charged the NI or GB tuition fee based on where they are ordinarily resident. Students who are ROI nationals resident in GB will be charged the GB fee.

2 EU students who are ROI nationals resident in ROI are eligible for NI tuition fees.

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 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

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

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.

How do I fund my study?

The Department for the Economy will provide a tuition fee loan of up to £6,500 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 £11,836 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 - please check this link regularly, even after you have submitted an application, as new scholarships may become available to you.

International Scholarships

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

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Apply

How to Apply

Apply using our online Postgraduate Applications Portal 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