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MSc Accounting and Finance

1 year 2 years Lincoln Business School Lincoln Campus [L] Validated

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Introduction

The MSc Accounting and Finance degree aims to develop and enhance the career prospects of those who work, or wish to work, in finance or accountancy. The programme assumes little or no business knowledge at undergraduate level and is therefore suitable for graduates from a range of disciplines who wish to break into this highly skilled profession.

Students are expected to develop their understanding of both the key principles and the practical skills required to prepare and analyse accounts and related financial information. Students will also have the opportunity to develop their understanding of financial management decision making and the methods used to raise finance for companies.

The programme offers a balanced curriculum of accounting and financial topics.

Accreditations

MSc Accounting and Finance students will be exempted from all CIMA Certificate in Business Accounting papers (C01, C02, C03, C04 and C05) plus P1 – Management Accounting, an Operational level CIMA professional qualification subject, which is a case study.

How You Study

  • Lectures and seminars
  • Support lectures
  • Library resources
  • Group study
  • English Language Support Centre


Contact Hours and Independent Study

Weekly contact hours on this programme may vary depending on the individual module options chosen and the stage of study.

Postgraduate level study involves a significant proportion of independent study, exploring the material covered in lectures and seminars. As a general guide, for every hour in class students are expected to spend two - three hours in independent study. For more detailed information please contact the programme leader.

Optional modules will run as far as at least 10 students select them. Timetabling arrangements may limit the availability of modules to some students. As the options reflect staff's research interests, they may alter over time due to staff availability.

How You Are Assessed

Assessment is by exam and written coursework.


The University of Lincoln's policy on assessment feedback aims to ensure that academics will return in-course assessments to you promptly – usually within 15 working days after the submission date.

Entry Requirements

A minimum 2:2 honours degree and grade C or above in GCSE Mathematics

Please note that as this is a conversion Master's programme we do not accept those with BSc or BA Accounting onto this programme. Applicants from all other backgrounds will be considered.

International Students will require English Language at IELTS 6.0 with no less than 5.5 in each element, or equivalent. http://www.lincoln.ac.uk/englishrequirements

The University of Lincoln offers international students (non EU/UK) who do not meet the direct entry requirements for a postgraduate degree course the option of completing a pre-master's programme at the university’s International Study Centre.

Key Contacts

Academic:
Thakur Ghimire
tghimire@lincoln.ac.uk
+44 (0)01522 835586

Enquiries:
rbotham@lincoln.ac.uk
+44 (0)01522 835633

Master's Level

Bond Markets and Investment Analysis (Option)

This module provides students with a chance to develop an understanding of the concepts and theory of portfolio analysis with a focus on straight bonds. It explores the analytical framework of bond management techniques and also seeks to introduce and evaluate the measures of investment funds’ performance.

The module is designed to complement the Portfolio Analysis module by providing opportunities to explore how bond pricing works in conjunction with the term structure and credit risk. The module unit is also designed to enable students to develop a conceptual understanding of how investment funds’ performance can be evaluated.

Comparative Human Resource Management (Option)

This module is designed to introduce students to the principal issues underlying international and comparative human resource management (IHRM) in a global context. Such issues have risen in prominence due to increasing trade liberalisation, ‘globalisation’, spread of multinational corporations (MNCs), outsourcing to Asia, developmental focus on Africa and economic integration within the European Union.

As firms increasingly internationalise, suitable strategies for managing human resources have become critical to competition between the MNCs. Students can develop an insight into managing human resources in different national contexts and examine those global and national factors that impact approaches taken to international human resource management. More specifically, the module aims to discuss and analyse those factors which result in variations in HRM practices and policies across national business systems.

Corporate Finance 1

Corporate Finance introduces the constructs of financial management decision making in modern firms and focuses on investment appraisal and the financing of the firm, dividend policy, capital structure and risk. It will familiarise students with the major theoretical developments and practices in the areas of corporate finance, and aims to encourage students to develop critical thinking about the advantages and disadvantages of diverse practices in areas of capital budgeting, dividend policy, capital structure and risk analysis. Throughout the module students will be expected to draw upon their own experiences and relate these to the theories, concepts and methods being presented.

Corporate Finance 2

Following from Corporate Finance 1, this module looks further into the topic of Corporate Finance and advances the perspective that modern organisations can use the ideas of Modern Financial Theory (MFT) to enhance shareholder wealth through the use of derivatives, for example, to manage cash flow volatility. The module then moves to present a detailed analysis of the assumptions of the ‘classical’ approach to Corporate Finance, by analysing the ‘standard’ assumptions and presenting other approaches to the understanding of MFT. These are mainly the implications of alternative ‘modus operandi’ of financial logic, mainly from the perspective of behavioural finance.

Crisis Communications (Option)

This module is designed to provide students with the opportunity to develop an understanding of how organisations, individuals and countries prepare for and manage a crisis. The typical causes of crises both internal and external are analysed and strategies to address the often competing interests of stakeholders are discussed. The role of ICT (especially social media) in warning and response activities is analysed.

Current Issues in Governance and Finance

This module aims to provide an understanding of, and a challenge to, the wider relevance of the continuing evolution of corporate governance, its basis in law and code, and its interaction with the expectations under the International Financial Reporting Standards environment.

You will have the opportunity to develop a critical understanding of current issues affecting financial and non-financial reporting in an international context. The role of the accountant as a financial analyst and advisor is also considered and students are expected to develop their ability to advise on the implications of accounting regulation on reporting.

Disaster Management (Option)

The module follows a coherent and holistic approach to disaster management in its reconciliation of the key processes of preparedness, response, recovery and rehabilitation. It draws upon experience from major disasters around the world – both historical and contemporary.

Financial Accounting - Group Reporting

This module is designed to provide an introduction to single level group structures and the concept of fair value and inter-group transactions. Students have the opportunity to develop a solid foundation in the techniques of complex group accounting, including foreign subsidiaries and changes in structure.

Financial Accounting - Single Entity

This module looks at financial accounting and financial reporting under International GAAP. It commences with the role and requirements of corporate financial reporting in the UK and explores the increasingly important subjects of ethics and corporate governance.

Students will have the opportunity to develop a solid foundation in the techniques of accounts preparation and a critical understanding of key areas of financial accounting for single companies. Throughout the module issues of codes of professional conduct and ethical behaviour are considered.

Humanitarian Logistics (Option)

This module is designed to introduce the key concepts and challenges in humanitarian logistics, while tying into larger concepts of non-profit management, disaster preparedness and response, as well as agile and transient supply chains.

Students are expected to address management issues far beyond the realm of humanitarian responses. The approach taken to this module is interactive, with a focus on case studies and insights from practitioners, as well as academics.

International Macroeconomics and Finance (Option)

This module equips students with an in-depth and applied-oriented understanding of theoretical and empirical problems addressed in the field known as International Finance (also known as International Macroeconomics / Open Macroeconomics) and to bring students up to the research frontier in International Finance. It draws heavily on financial modelling and financial econometrics.

Investment Banking (Option)

The module focuses on the role of investment bankers who have to deal with typical transactions in the capital markets from debt and equity capital market products to mergers and acquisitions and more structured products such as leverage buyouts.

The module also analyses typical products, the process of investment banking and how typical investment banking transactions are implemented.

Project Planning and Management (Option)

This module provides students with the opportunity to develop an essential understanding of the fundamentals of project management. It covers a variety of concepts and their practical application including project scope, time, cost, quality, stakeholders and communication.

Quantitative Methods for Economics and Finance I

This module provides students with an opportunity to develop their understanding relating to the background of statistical methods for primary research. Students will engage with statistical software, such as SPSS and Eviews, to apply quantitative analytical techniques to sets of data.

Quantitative Methods for Economics and Finance II (Option)

The aim of this module is to build on the work in Quantitative Methods for Economics and Finance I while focusing on specific quantitative analytical techniques. The models examined are: Dynamic, ARIMA, GARCH, VAR and ECM, among others. The EViews statistical software and the DATASTREAM data provider are essential to the learning objectives and assessment of the module.

Level 4

Independent Study for Banking Finance and Economics

This module provides students with an opportunity to carry out a substantive research project and to demonstrate their ability to investigate and reflect critically on an aspect of the programme. Students are expected to, with the guidance from their supervisor, generate their own research topic, select a research method, obtain data and apply theory as appropriate.

By aiming to combine well-developed theoretical and methodological foundations, the Independent Study project is designed to have both a practical value as a piece of research and also be of academic value.

Research Methods for Banking, Finance and Economics

This Research Methods module prepares you for undertaking the research for their Independent Study. It reviews core principles of the research methods that you likely to utilise in your research. The chosen method should form the basis of their research design, and the structure of the of Independent Study submission.

Special Features

  • The Lincoln International Business School has an experienced team of staff, which is made up of academically and professionally qualified lecturers with relevant industrial experience and finance experts with wide research interests.
  • The School hosts a series of visiting speakers each year. As part of the School, students will have the opportunity to learn from industry experts. Previous speakers have included representatives from organisations such as Deloitte, Santander, HSBC, Innocent, The Institute of Internal Auditors and Sir David Tweedie (ex-Chairman of the IASB).
  • Students will also have the chance to build their skills and knowledge further with extra-curricular activities such as joining a society, volunteering or becoming a Student Ambassador.

Facilities

The Lincoln Business School is based in the David Chiddick building alongside Lincoln Law School. The building provides students with teaching and learning space including lecture theatres, workshop rooms, an IT/language lab and a mooting chamber, along with places to meet and eat with friends and staff.

Sage 50 and SPSS software is available within the Business School for student use.

Other Costs

For each course you may find that there are additional costs. These may be with regard to the specific clothing, materials or equipment required, depending on your course.

With regards to text books, the University provides students who enrol with a comprehensive reading list and you will find that our extensive library holds either material or virtual versions of the core texts that you are required to read. However, you may prefer to purchase some of these for yourself and you will be responsible for this cost.

Tuition Fees

   2016/17 Entry* 2017/18 Entry*
Home/EU £7,400 £7,600
Home/EU 
(including Alumni Scholarship** 30% reduction)
£5,180 £5,320
Home/EU 
(including Non-Alumni Scholarship** 20% reduction)
£5,920 £6,080
International £13,700 £13,000
International
(Including International Alumni / Global Postgraduate Scholarship** £2,000 reduction)
£11,700 £11,000
     
Part-time Home/EU £41 per credit point £42 per credit point
Part-time International £76 per credit point £72 per credit point

* Academic year September- July
** Subject to eligibility

Loans

A new system of postgraduate loans for Master's courses will be introduced in the UK, beginning from the 2016-17 academic year. Under the new scheme Individuals will be able to borrow up to £10,000 for the purpose of completing an eligible postgraduate Master's qualification.

Scholarships

As a postgraduate student you may be eligible for scholarships in addition to those shown above.

Guidance for Part-time Postgraduate Fees

To complete a standard Master's Taught programme, you must complete 180 credit points.

Full time students will be invoiced for the programme in full upon initial enrolment.

For part-time students, tuition fees are payable each credit point enrolled. To calculate your part-time fees, multiply the part-time fee per credit point by the number of credits you intend to complete within that academic year. This is usually between 60 and 90 credit points per year.

For example, if the fee per credit point for your programme is £38, and you enrol on 60 credits, the tuition fee payable for that academic year will be £2280.

For further information and for details about funding your study, scholarships and bursaries, please see our Postgraduate Fees & Funding pages [www.lincoln.ac.uk/home/studyatlincoln/postgraduateprogrammes/feesandfunding/].

The University intends to provide its courses as outlined in these pages, although the University may make changes in accordance with the Student Admissions Terms and Conditions.