Accounting and Business Management MSc

Compulsory

• Current Issues in Accounting

  This module exposes you to topical issues in both the financial and management accounting fields such as: developments in ethical standards, forensic accounting, financial technology and block chain accounting, sustainability reporting, and accounting for not-for-profit organisations. The module will equip you with sufficient knowledge to evaluate alternative political, economic and social perspectives in accounting across a variety of institutional settings (e.g., private sector, public sector, voluntary sector).

• Financial Accounting

  This module is carefully designed to introduce you to the world of financial accounting, its language and fundamental practices. It will enable you to confidently implement financial accounting practices, record various business transactions following relevant accounting standards, perform bank reconciliations and prepare essential financial statements for a single entity. You will acquire crucial knowledge and skills for understanding the business world and build a solid foundation for the more advanced MG5613 Financial Reporting module.    

• Financial Reporting

  Building on MG5612 Financial Accounting, this module enhances your skills in preparing intricate financial statements for more complex entities. You will learn essential analytical techniques for interpreting financial statements and build confidence in accounting for leases, government grants, financial instruments, and more. The module offers opportunities to develop critical thinking, problem-solving, and decision-making skills.

• Management Accounting

  This module provides a comprehensive introduction to management accounting, focusing on decision-making, planning, and control practices. You will learn to calculate product costs using various methods, identify relevant costs for organisational decisions, and master financial planning through budgeting. The course establishes a strong foundation for the advanced MG5605 module, and together, they equip you with the necessary skills and knowledge to become an effective member of an organisation.

• Understanding Business and Management Research

  This module facilitates a comprehensive grasp of research methods in the accounting field. The provided learning materials establish a strong foundation for the dissertation project in MG5636.

• International Management

  This module examines the legal, cultural, economic, political, technological and ethical challenges in managing complex international operations across borders. It also explores managerial behaviours and organisational processes that are key when operating in a competitive global environment. 

• Dissertation (Accounting and Business Management MSc)

  This module offers you the opportunity to research and write a thesis of approximately 12,000 words. You will undertake either qualitative or quantitative research, involving a research problem in the field of accounting. 

Optional

• Business Planning

  This module promotes an integrative understanding of the challenges and opportunities involved in business planning through practice. Students develop a business plan by integrating all components, such as market opportunity, competition, business models, and financing, into a unified whole. Using illustrative case studies, this module also examines business models’ underlying strategies and decision-making processes.

• Entrepreneurship

  Studying the nature of entrepreneurship and its importance in society. Analysis and understanding of the psychological and behavioural characteristics of the entrepreneur. Overview of the major theories in the field (psychological theory and cognitive theory) as well as the main approaches to entrepreneurship.

• International Business Ethics and Corporate Governance

  This module focuses on business ethics, sustainability and corporate governance in internationally operating organisations. These areas are addressed from the perspective of the dual ‘business’ models of the shareholder and the stakeholder approaches. The broader societal impacts of business activities are discussed by using concepts from moral philosophy, CSR, sustainability and corporate governance. 

• Strategic Management

  This module introduces students to the design and choice of strategies in organisations across industries and sectors. It enables students to appreciate the challenges that confront managers in complex, dynamic and increasingly uncertain conditions. Students develop skills in critical thinking, logical analysis, argument and judgement based on insights from case studies and cutting-edge research.

• Business Performance Management

  This module builds on MG5614 Management Accounting and advances your knowledge in the management accounting realm. You will develop critical knowledge and skills that enable you to implement a number of strategic management accounting practices, calculate and use cost information to make informed business decisions in uncertain environments and effectively measure organisational performance. Students seeking exemptions from ACCA, CIMA, ICAEW or AIA examinations must select this module.