Accounting and Financial Management MSc | 2017/18
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Accounting and Financial Management MSc 2017/18 entry

Course code:

BEST049

Study options:

1 year full-time

 

Location:

Coventry University

Starting:

January 2018

 

Fees:
Faculty:

Get in touch

For questions regarding study and admissions please contact us:


+44 (0) 24 7765 2152


Overview

Does the idea of managing budgets get you excited? Learn how finance and business work together and how you can manage them both.

This generalist Master’s degree is designed for those seeking higher level education and a solid foundation in functional accounting and contemporary finance topics to improve their capability and understanding in the business world.

Broad in its scope, this course is underpinned by practice-led learning to provide an overview of accounting and finance as it is actually applied in the world of business, ideal for those seeking managerial positions or budgetary responsibility. You will learn how financial markets operate and the financial strategies used by successful businesses, drawing on real-life case studies of companies and their financial accounts.

Coventry Business School offers facilities, including one of the largest academic trading floors in Europe, as well as access to industry-standard software for quantitative financial analysis.

Why Coventry University?

An award-winning university, we are committed to providing our students with the best possible experience. We continue to invest in both our facilities and our innovative approach to education. Our students benefit from industry-relevant teaching, and resources and support designed to help them succeed. These range from our modern library and computing facilities to dedicated careers advice and our impressive Students’ Union activities.

Global ready

An international outlook, with global opportunities

Employability

Career-ready graduates, with the skills to succeed

Student experience

All the support you need, in a top student city

Course information

Financial management is a fundamental part of the decision-making, planning and control of any business, organisation, charity or enterprise. Successful management of working capital, selection and control of new capital investment opportunities and long-term financing requires an understanding of the scope and effects of the capital markets for a company and the strategic planning processes necessary to manage the long and short-term financial activities of a firm.

A key advantage of our Master’s degree is the broad base of knowledge covered across both disciplines of accounting and finance. Our modules have been carefully selected to help you understand how global businesses use financial information for decision-making, performance evaluation and financial reporting purposes, providing background knowledge of the external forces that can affect financial performance, such as heightened competition or fluctuating exchange rates.

During your study of financial reporting and interpretation, for example, we will introduce you to relevant accounting concepts and International Financial Reporting Standards (IFRS), in particular those relevant to group accounting, to provide you with a comprehensive understanding of the content and purpose of published financial statements produced by public limited companies. 

While the depth of course content is not sufficient to provide professional accreditation, the quantitative methods we teach are based on the requirements of the main accountancy bodies, encompassing statistical analysis, presentation and spreadsheet manipulation, such as advanced Excel. We will help you develop the skills necessary to critically analyse and interpret financial statements and become aware of their limitations, giving due consideration to the accounting treatment of intangible non-current assets, the problems in attaching monetary values to these and how this impacts on the quality of financial statements.

Modules

Overview

As well as practical exercises, which enable you to put theory into practice, we will draw on real-life studies to examine business strategy in action. For example, we’ll look at the financial decisions in relation to market segments and strategic alliance which have secured the Dubai-based Emirates Group with annual turnovers of over £15 billion and its position as the largest airline in the Middle East and the world’s largest operator of the Airbus 360 and Boeing 777. Wherever possible, we also consider relevant financial issues making headlines throughout the world, discussing controversial issues in corporate finance to encourage you to develop a questioning and critical approach.   In Semester Three, you also have the opportunity to undertake a company internship as your final project and we will support you in finding a suitable placement. For example, In the past, one of our students undertook an internship with the Holiday Inn in Coventry, engaging in various departments within the company to gain an insight into business practice and analysing financial and operational data to develop a new business strategy.

Modules

  • Semester 1

    • Financial Statement Analysis
    • Business Strategy
    • Corporate Finance
    • Quantitative Methods for Accounting
  • Semester 2

    • Advanced Management Accounting
    • Auditing and Assurance
    • Corporate Governance and Ethics
    • Research Methods
  • Optional modules

    Choose 1 of the following

    • Financial risk management
    • Islamic Finance

     

  • Semester 3:

    • Dissertation or Company Internship and Report

In more detail...

  • 1. With around 5,000 students and 300 staff, Coventry Business School is one of the largest in Europe, rated as ‘excellent’ by Eduniversal.
  • 2. Faculty benefit from both professional and academic experience, many members of the leading professional bodies, including the Chartered Institute of Securities and Investment (CISI), British Accounting and Finance Association (BAFA) and the European Finance Association (EFA).
  • 3. Designated Employment Personal Tutor (EPT) to work with you throughout your course.
  • 4. Strong record of employability – with 86% of graduates in work or further study after six months (DLHE 2014/15), almost three-quarters of those employed in professional level roles.
  • 6. Good levels of student satisfaction – 84% for the course overall, teaching, engagement and support with their dissertation in the Postgraduate Taught Experience Survey (PTES) 2016.

Facilities include our trading floor featuring 42 dual screen Bloomberg terminals.

Our main study themes are:

  • Institutional investments: Provides knowledge and insight into the operation and management of institutional investments, the specific types of investment fund available and their relative merits from the perspective of retail investors. You will be given an overview of the role of institutional investments in the economy in general and personal financial planning in particular.
  • Quantitative methods: To familiarise you with the extensive range of statistical and mathematical techniques necessary to effectively analyse problems in the field of accounting. You will be introduced to the areas of descriptive and inferential statistics, sampling methods and hypothesis testing, simple and multiple regression analysis, experimental design, time series analysis and forecasting, optimisation techniques, and decision analysis in an applied context.
  • Auditing and assurance: How to carry out an internal audit, assurance engagement and its role within a corporate governance framework. The aim is to develop an understanding of audit processes and their application in the context of external regulatory frameworks, together with the risks and organisational responses.
  • Corporate finance and business strategy: A firm foundation for understanding the link between corporate and financial strategy, exploring the techniques of strategic and financial analysis and evaluation available to companies, from which they will develop their strategic options, choices and business performance.

The programme can be studied over one year full-time or over two years part-time. All modules are mandatory, save for one optional module in semester 2. The course has two intakes per year, September and January.

We also use a range of innovative practical exercises to reinforce the integrative nature of accounting assessment. For example, you may be tasked with preparing financial statements or develop a business strategy on behalf of a UK company with overseas subsidiaries, which requires knowledge of international corporate reporting, UK and overseas taxation and management reporting. 

The Department has an ultra-modern trading floor which has been designed to incorporate world-class industry standard news, data, research and analytical tools into the teaching and learning environment. It is the biggest Bloomberg powered academic trading floor in Europe, incorporating Bloomberg and Thomson Reuters’ Datastream software for teaching and research. The exposure to such world class facilities will give you a competitive edge in trading and related activities and past members of our student investment societies have performed extremely well in the UK Universities Trading Challenge.

Teaching methods include: weekly lectures, small group seminars and tutorials.

Meet our staff

Christopher Lees: Senior Lecturer in Accounting

I am a CIPFA qualified accountant with experience working in the public sector at Dudley MBC, Birmingham City Council and the Central Birmingham Health Authority. Throughout my career I have been the accountant for Highways, Engineers and Environment, a Capital accountant, the Budget Controller for the Housing Revenue account and Capital Programme, and the accountant for a large trading account dealing with property repairs.

On successful completion, you should be able to:

  • Demonstrate critical thinking on the accounting and financial management conceptual, theoretical frameworks and assumptions behind.
  • Exercise sound judgments in the selection of different methods and approaches available to deal with complex accounting and financial management problems in modern business world.
  • Develop logical and coherent arguments.
  • Demonstrate diagnostic and decision-making skills in dealing with accounting and financial management problems.
  • Work out the implications of emerging accounting and finance issues and debates.
  • Use advanced mathematical and statistical techniques for financial and investment analysis. 
  • Select, retrieve and analyse relevant data and information from finance-related databases to solve practical problems, such as ratio analysis.
  • Design and conduct research in accounting and financial management using appropriate methodologies to advance knowledge in these areas.  

In a typical teaching week, you will have up to 12 ‘contact’ hours of teaching.

This generally breaks down as:

  • Medium group teaching: 4 hours of practical classes, workshops or seminars each week.
  • Large group teaching: 8 hours of lectures each week.

In addition, you will be expected to undertake a further 24 hours of self-directed studying and revising in your own time each week, including some guided study using handouts, online activities etc.

Most of our students are international, which provides an opportunity to work in multinational teams during your studies, learning about your fellow students’ cultures and building networks of friends and future business contacts throughout the world.  

Global ready

Did you know we help more students travel internationally than any other UK university according to data from the experts in higher education data and analysis, HESA?

In 2014/15, we were able to provide a total of 2,264 student experiences abroad that lasted at least five days, 73% of which were our own organised trips for undergraduates and 27% from postgraduate travel. Plus, we've been able to help more than 5,000 students spend time in other countries, from America to China, India and beyond.

Much of this travel is made possible through our Global Leaders Programme, which enables students to prepare for the challenges of the global employment market, as well as strengthening and developing their broader personal and professional skills.

Explore our international experiences

1st for

international experiences

Sending more students overseas than any other UK uni (HESA)


2,264

Student experiences

The number of student trips abroad for at least 5 days in 2014/15



12,000

and counting

The number of students we’ve helped travel internationally so far

21

global programmes

As well as trips, we offer other opportunities like language courses


Entry Requirements

Applicants should hold a good honours degree 2.2 or above in a relevant academic discipline. Applications from candidates with relevant experience will be considered on an individual basis.

Please visit our page on European entry requirements for more information about specific country information.

Applicants should hold a good honours degree 2.2 or above in a relevant academic discipline. Applications from candidates with relevant experience will be considered on an individual basis.

English as a Foreign Language:. This course requires IELTS 6.5 in all components. Pre-sessional English is available if required.

Our International Student Hub offers information on entry requirements for your country, as well as contact details for agents and representatives should you need more advice.

More detail

Applicants should hold a good honours degree 2.2 or above in a relevant academic discipline. Applications from candidates with relevant experience will be considered on an individual basis.

Select your region to find detailed information about entry requirements:

English as a Foreign Language: This course requires IELTS 6.5 in all components. Pre-sessional English is available if required.

Our International Student Hub offers information on entry requirements for your country, as well as contact details for agents and representatives should you need more advice.

More detail

Tuition Fees

We pride ourselves on offering competitive tuition fees which we review on an annual basis and offer a wide range of scholarships to support students with their studies. Course fees are calculated on the basis of what it costs to teach each course and we aim for total financial transparency.

Starts

Fee


January 2018

£10,121 (per year)


Scholarships

If you're a truly outstanding undergraduate candidate we may be able to offer you a Coventry University Scholarship. Coventry University Scholarships are awarded to recognise truly exceptional sports achievement and academic excellence.

Starts

Fee


January 2018

£10,121 (per year)


Scholarships

For the September 2017 and January 2018 intakes, we're investing £1 million into scholarships for high achieving and enterprising students.

Our scholarships are worth up to £10,000 and every student that applies will be considered. Fulfil your potential this academic year with Coventry University!

Starts

Fee


January 2018

£14,311 (per year)


Scholarships

For the September 2017 and January 2018 intakes, we're investing £1 million into scholarships for high achieving and enterprising students.

Our scholarships are worth up to £10,000 and every student that applies will be considered. Fulfil your potential this academic year with Coventry University!

Career prospects

This Master’s course can act as an important stepping stone for those seeking positions with budget responsibility or senior management roles.

Useful for all types of personal and professional financial management, it can also become the catalyst for some students to pursue careers in financial services as professional accountants, financial analysts and financial consultants, confirming their passion for this field before they commit to study the more intensive professional accounting and finance qualifications.    

We work closely with companies across the UK and Europe to offer a wide variety of internships, which previously have included Jaguar Land Rover, KPMG and Penso Consulting, lasting between eight and 12 weeks. These internships provide an opportunity to gain valuable professional experience with past students working on a range of interesting projects on behalf of their organisations, such as investigating the impacts of exchange rate changes in a long-term global gas market model, producing and implementing a financial Strategy to streamline current systems and improve efficiencies and analysing potential income streams and introducing effective payment and income processes. 

You’ll also benefit from a wide range of desirable professional skills, including: team working; critical evaluation; self-directed learning; problem-solving; action planning and organising; written and oral communication; questioning and listening. The following personal qualities will also be addressed in each of the skills modules: achievement orientation; initiative and creativity; self-confidence; decisiveness; reflectiveness; adaptability and flexibility.  

Coventry University is committed to preparing you for your future career and giving you a competitive edge in the graduate job market. The University's Careers and Employability team provide a wide range of support services to help you plan and prepare for your career.

Where our graduates work

Recent graduates have chosen to pursue further postgraduate study and gone on to work for companies in the banking sector such as China Citic Bank and in aviation with Xin Xiang Aviation Industry Group.

Disclaimer

By accepting your offer of a place with us, a Student Contract (“the Contract”) will be formed between you and the University. The Contract will detail all of your rights and also the obligations you will be bound by during your time as a student and will also contain all of the obligations that the University owes to you.  We would encourage you to read the Student Contract before you accept any offer of a place at the University. A copy of the Contract can be found here.