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MSc Accounting

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

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Introduction

The MSc Accounting at the University of Lincoln is a conversion Master's for those with a non-Accounting background who wish to move towards an Accounting-related career path.

In today’s globalised economy, standardised financial reporting is of utmost importance. This programme is designed to provide students with the opportunity to develop the skills required to progress to senior positions in business.

Academically rigorous, the MSc Accountancy programme provides students with the opportunity to both explore accounting practice in the context of contemporary theory and research and make sound financial judgements and recommendations.

Course content is reviewed regularly in line with industry practice, allowing students the chance to develop a thorough understanding of the International Financial Reporting Standards currently used by professionals around the world.

Accreditations

MSc Accounting students will be exempted from CIMA (Chartered Institute of Management Accounting) papers BA1, BA2, BA3 and BA4 plus P1, AIA (Association of International Accountants) Paper 1, Paper 3 and Paper 6 as well as ACCA F1, F2, F4, F5 and F7 papers.

How You Study

The taught element of the programme consists of six compulsory modules and one optional module.


Term 1:

  • Financial Accounting - Single Entity (30 credits)
  • Management Accounting - Product and Service Costing (15 credits)
  • Management Accounting - Planning and Control (15 credits)


Term 2:

  • Financial Accounting - Group Reporting (15 credits)
  • Current Issues in Governance and Finance (15 credits)
  • Management Accounting - Decision Making (15 credits)
  • Optional Module (15 credits)


The following is the list of options:

  • Social Entrepreneurship (15 credits)
  • International Entrepreneurship (15 Credits)
  • Strategy Making (15 Credits)
  • Global Supply Strategies (15 credits)
  • Sustainability Leadership (15 credits)
  • Comparative Human Resource Management (15 credits)


In addition, students will undertake a compulsory independent study element comprising Research Methods (15 credits) and Independent Study (45 credits).

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


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.

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 this course may not be suitable for students who have completed an undergraduate programme in accounting or finance within the UK.

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 83 5586

Enquiries:
rbotham@lincoln.ac.uk
+44 (0)1522 835532

Master's Level

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.

Current Issues in Governance and Finance (Core)

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.

Financial Accounting - Group Reporting (Core)

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 (Core)

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.

Global Supply Strategies (Option)

This module will examine global supply chain strategies in detail by looking at both those strategies that have been successful as well as those that have been less successful. Students can examine contemporary phenomena such as offshoring, supply chain disruptions, innovation and sustainability using a variety of theoretical frameworks. Students can develop not only a better understanding of the challenges of managing global supply chains but also of some of the tools needed to implement effective and responsible global supply chain strategies. Given the strategic importance of global supply chains, an understanding of how to manage them strategically may be invaluable for students entering the job market.

International Entrepreneurship (Option)

Entrepreneurship is an essential skillset in the development at global level of new and existing businesses, social enterprises and more broadly societies and their economies. Enterprise is defined as the application of creative ideas and innovations to practical situations, combining creativity, ideas development and problem solving with expression, communication and practical action. Entrepreneurship is the application of enterprise skills to creating and growing organisations in an international context in order to identify and build on opportunities. This module draws on the latest UK QAA Guidance on Enterprise & Entrepreneurship in Higher Education and aims to develop, at an international level, enterprise awareness, an entrepreneurial mindset, and entrepreneurial capability, which can lead to entrepreneurial effectiveness which can be applied in a range of contexts.

Management Accounting - Decision-Making (Core)

This module recognises the many different types of decision that managers are required to make and considers how management accounting information can be used in support of these decisions. Examples of management decisions include capital investments, product and service pricing, and make or buy decisions. The module is concerned with the development of the skills needed to understand and apply the various tools and techniques that may be used to support managers in planning and control. However, of equal importance is the critical appraisal of these tools and techniques in order to determine their relevance in different organisational contexts and the reliability of the information that they provide.

Management Accounting - Planning and Control (Core)

This module begins with consideration, from a general management perspective, of the importance of planning and control to the organisation. The module then considers the specific tools and techniques within management accounting that are available to help the manager carry out planning and exercise control.

Major topics here include budgeting, forecasting, standard costing, performance reporting and interpretation of results. However, it is important to recognise that this module is not just concerned with the technical aspects of management accounting. Planning and control issues affect people and so the impact of management accounting on human behaviour is also dealt with.

Students will have the opportunity to develop the skills needed to understand and apply the various tools and techniques that may be used to support managers in planning and control. However, of equal importance is the critical appraisal of these tools and techniques in order to determine their relevance in different organisational contexts and the reliability of the information that they provide.

Management Accounting - Product and Service Costing (Core)

This module begins with an introduction to the role of management accounting in the contemporary business environment and then concentrates on product and service costing. The determination of the costs of obtaining products, or of delivering services, is fundamental to many aspects of management accounting information. For example, these costs are used to calculate the profits and inventory valuations that are reported by firms. The module is concerned with the development of skills needed to understand and apply the various tools and techniques that may be used to determine product and service costs. However, of equal importance is the critical appraisal of these tools and techniques in order to determine their relevance in different organisational contexts and the reliability of the information that they provide.

Social Entrepreneurship (Option)

This module is designed to encourage students to explore the concepts of social enterprise and entrepreneurship. Social entrepreneurs utilise innovative business practices to collaborate with community networks to co-create solutions to social and environmental problems. This module will provide students with the opportunity to develop the understanding and knowledge necessary for future social enterprise creation and development, either as social entrepreneurs or facilitators and activists in the field.

Strategy Making (Option)

Strategy is the heart of every organisation. This module explores how strategy is conceived, how it affects the organisation and how the organisation can be designed to realise its strategy efficiently and effectively. The module aims to support students in developing their strategic thinking skills through a review of diverse theories, models and practical exercises.

Sustainability Leadership (Option)

This module examines relationships between international business, business practices and sustainability leadership. The module reveals an on-going struggle to influence how businesses are disciplined, regulated and governed in a global economic context. The role of business in the social and economic conditions of human beings remains a major concern for contemporary and sustainable international business.

Level 4

Independent Study for Banking Finance and Economics (Core)

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 (Core)

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 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 Lincoln International Business 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 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 International 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.

Career and Personal Development

This course provides the opportunity to develop analytical skills which can be highly valued by employers in the public and private sectors.

Graduates have gone on to careers as accountants and roles in financial management and financial reporting.

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.