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MSc in International Accounting and Finance

Structure

The online master in International Accounting and Finance comprises six core modules, two elective or specialisation modules, and a dissertation. The first module takes ten weeks. Each subsequent module lasts eight weeks.

Core modules

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International Financial Reporting and Analysis (10 weeks)

Objectives:

Introduce the framework, concepts and practices associated with international financial reporting.

Description:

This module provides the necessary understanding of financial reporting statements and financial statement analysis to facilitate a grounded understanding of corporate valuation. Particular attention will be paid to IFRS reporting standards and analysis. Other topics such as foreign exchange, cash accounting, ratio analysis and trend analysis are introduced, prior to being developed in later modules.

Strategic Managerial Accounting and Performance Management (8 weeks)

Objectives:

To explore the use of management accounting and accounting systems to link strategic leadership, resource management, and organisational performance.

Description:

In this module, you will develop an ability to manage resources, create and sustain value, and develop a system of organisational score and goal-keeping tools. Your ability to integrate these skills with accounting systems will enable your organisation to make performance-based decisions. You will be able to ascertain, measure, and revise strategic goals associated with performance and develop a performance metrics system that will measure performance against the overall organisational strategic goals. You will also explore the ethical and moral dimensions of strategic financial decision-making.

Assurance and Management Control (8 weeks)

Objectives:

To dissect how management controls the entity and relationships with external partners to enhance organisational value.

Description:

This module investigates the roles of audit and assurance in management control, and promotes organisational compliance with a focus on internal controls, risk management procedures, assurance and management information. The concept of due diligence, including the acquisition and the monitoring of activities of business partners, is also analysed at both the national and international levels. You will appreciate the nature and roles of assurance engagements and internal audits, and develop an understanding of risk management and risk reporting in a global context.

Strategic Financial Management (8 weeks)

Objectives:

To examine and integrate into practice a blend of global financial management strategies and case-based applications.

Description:

Through intense case study analysis, this module focuses on topics that range from the acquisition, deployment and management of international financial resources, to financial planning and analysis. You will learn how to devise strategies for identifying and developing international financial resources, and to effectively communicate these strategies with organisational team members, partners and governments. You will also become adept at analysing an organisation for re-organisation and restructuring from a strategic perspective.

International Corporate Governance and Regulation (8 weeks)

Objectives:

To analyse the regulation of governance, recognise varying international governance practices, and examine the links between governance and corporate performance.

Description:

The study of this module will enable you to gain a practical understanding of how governance structures can promote good decision making and performance, and increase the accountability of directors and managers. Key external regulations that can affect organisations, such as international tax and law, are highlighted extensively. The capacity to assess and monitor director remuneration will also be an acquired asset by the time the module is complete.

Research Methods (8 weeks)

Objectives:

To consolidate your knowledge of independent research in finance and accounting.

Description:

This module is designed to enhance your understanding of the different approaches to research and their application to the fields of accounting and finance. As a student, you should acquire the appropriate knowledge and skills to support your research as part of your dissertation.

Elective modules

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This programme allows you to choose 2 electives

International Corporate Finance (8 weeks)

Objectives:

To deliver an understanding of the organisational structure of international finance from a corporate perspective.

Description:

You will study a wide variety of related subjects: international trade policy; payment methods; how foreign exchange impacts on an organisation; transfer pricing; sources and use of global funds. You will also gain a practical understanding of how trends in the balance of trade and balance of payments, and the global demand for commodities, affect organisations linked by the global economy.

Risk Management and Ethics (8 weeks)

Objectives:

To explore, from a practical perspective, the tools used in managing the treasury function of an organisation.

Description:

This module studies the instruments necessary to finance an organisation, including banks as well as the money and capital markets. This will involve topics such as risk mitigation techniques, payment methods, data transfer, and working capital management methods. You will learn how to determine a proper capital structure, manage the costs of long-term capital, and quantitatively evaluate capital resource investments.

Financial Analysis and Valuation (8 weeks)

Objectives:

To deliver an advanced overview of the concepts, theories and practices of business valuation.

Description:

This module will develop your ability to successfully engage in this important aspect of the business world. You will be exposed to various valuation approaches: company information gathering methods; economic and industry analysis; and financial statement analysis. You will learn how to determine credit worthiness and predict financial distress, and you will integrate value, strategy and economic climate to determine the appropriateness of merger and acquisition strategies.

Financial Markets and Institutions (8 weeks)

Objectives:

To provide an overview of financial markets and institutions, enabling students to understand and critically assess a broad array of economic and financial information.

Description:

A wide range of relevant topics will be explored in this module, including the flow of funds from lenders to borrowers. The role of financial intermediaries, investment banks, and securities firms will be emphasised. Money and capital markets are analysed, and you will investigate foreign exchange markets, floating exchange rate regimes, and the role played by multilateral financial organisations in the global economy.

Entrepreneurial Finance (8 weeks)

Objectives:

To introduce the global process of entrepreneurship, and determine how to identify and source entrepreneurial financing and funding.

Description:

Through this case-based module you will discover how financial tools and techniques are extended to match the risk, innovation, and change-rich environment of the entrepreneur. You will also expand your finance management repertoire to include an understanding of how non-traditional sources of financing can be raised and directed to meet an entrepreneurial firm’s growth and operational needs. The context is global and cases show how to assess which countries represent the best places to start a business, how to adapt locally, and how to execute for success.

Advanced International Financial Reporting and Analysis (8 weeks)

Objectives:

To enhance the knowledge and skills acquired from the study of the International Financial Reporting and Analysis module and provide a more advanced practice of the application of international financial reporting standards (IFRS).

Description:

This advanced accounting module involves an in-depth examination of IFRS, which includes the application of its regulations and the interpretation of financial statements for the assessment of performance and position of an entity. You will learn how to apply IFRS to a variety of transactions, assess organisational position and understand the reporting of assets, liabilities, provisions and equity. The module also includes subject matter such as reporting overseas activities and advanced group accounting.

Accounting Information Systems and Technology (8 weeks)

Objectives:

To introduce the use and purpose of accounting information systems (AIS) and other relevant technologies from a value-creating and organisational alignment perspective.

Description:

Multiple approaches for employing AIS are investigated in this module through a variety of decision making and critical thinking approaches. You will understand how appropriate internal controls are established and how to verify compliance through audits linked to AIS. This module will equip you with the skills to analyse business processes and optimise organisational performance by means of AIS, and the aptitude to develop decision making models linked to organisational strategies. You will also evaluate the challenges associated with computer crimes and information technology security.

Dissertation

Students refine their dissertation topic in conjunction with their Personal Dissertation Advisor, an academic supervisor who will provide support throughout the writing process.

Please note that current scheduling may be subject to change and that we cannot guarantee that all modules will be offered in every calendar year.

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