Accounting and Financial Management
Business and Management
Taught
MSc
Accounting and Financial Management
Taught
MSc
Overview
Application Timeline
Tuition
- Year 1
| Student categories | Study | |
|---|---|---|
| Full-time | Part-time | |
| England | £15,000 | £15,000 |
| Northern Ireland | £15,000 | £15,000 |
| Scotland | £15,000 | £15,000 |
| Wales | £15,000 | £15,000 |
| Channel Islands | £15,000 | £15,000 |
| Republic of Ireland | £15,000 | £15,000 |
| EU | £23,500 | £23,500 |
| International | £23,500 | £23,500 |
Requirements
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Modules
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About
Importance of Financial Decision Making
Financial decision making is crucial for every business decision within an organization, influencing both local and global economies. Accountants play a vital role in ensuring that their actions positively impact a business's bottom line while considering societal implications.
Program Overview
The MSc Accounting and Financial Management program is tailored for individuals without prior accounting studies but who hold a degree in business, economics, or a related field. The program offers a solid foundation in corporate analysis and reporting, enhancing confidence in financial decision-making.
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Subject Area Information
Management accountancy, also known as managerial accounting, is a specialized branch of accounting that focuses on providing financial information and analysis to managers within organizations to aid in decision-making, planning, and control. This discipline is integral to the strategic management process and involves a variety of subjects and skills that are essential for effective business management.
1. Introduction to Management Accounting
2. Cost Accounting
3. Financial Planning and Analysis
4. Budgeting and Forecasting
5. Performance Management
6. Strategic Management Accounting
7. Ethics and Corporate Governance
- Understanding of fundamental accounting principles
- Ability to analyze financial statements
- Basic budgeting skills
- Proficiency in various costing methods
- Ability to allocate costs accurately
- Skills in cost control and reduction
- Advanced financial analysis
- Strategic planning
- Proficiency in financial modeling tools
- Expertise in budget preparation
- Ability to create and interpret financial forecasts
- Skills in variance analysis
- Ability to design and implement performance measurement systems
- Skills in performance analysis
- Knowledge of performance improvement techniques
- Strategic thinking
- Ability to align accounting practices with business strategy
- Skills in competitive analysis
- Understanding of ethical principles
- Knowledge of corporate governance practices
- Skills in ensuring regulatory compliance
Career
Upon completing courses in management accountancy, students can pursue a variety of professions that contribute to effective business management and strategic decision-making.
Management Accountant
Responsible for preparing financial reports, budgets, and financial forecasts to aid in managerial decision-making.
Financial Analyst
Analyzes financial data to provide insights and recommendations for business decisions.
Cost Accountant
Specializes in determining the costs of products and services and implementing cost control measures.
Budget Analyst
Prepares and monitors budgets, ensuring that financial resources are allocated efficiently.
Performance Analyst
Focuses on measuring and improving organizational performance through various performance management tools.
Strategic Planner
Works on aligning financial practices with the overall business strategy to achieve long-term goals.
Internal Auditor
Evaluates the effectiveness of internal controls, risk management, and governance processes within an organization.
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