Accounting and Finance MSc

This programme benefits from Surrey Business School’s leading reputation in accounting and finance, offering an advanced understanding in the subject.

Why Surrey?

At Surrey Business School, we offer a diverse range of business and management programmes that are fuelled by a common approach: encouraging you to be entrepreneurial and innovative, providing opportunities for you to engage with real-world business problems throughout your programme.

Programme overview

Our MSc in Accounting and Finance provides an understanding of both the theoretical frameworks and practical skills required of accounting and finance professionals. The programme also addresses the skills needed by those working in multinational corporations, in order to cope with an increasingly complex global financial environment.

The programme’s core modules provide not only a rigorous treatment of the relevant theory, but also the quantitative techniques necessary to understand the literature and undertake empirical investigations in the areas of accounting and finance.

You will gain an understanding of the basic principles and advanced knowledge of financial accounting systems used around the world, as well as a complete introduction to financial theory through a study of the problems of investing capital. You will also be introduced to the techniques of econometrics and undertake a substantial course in corporate finance.

Our elective modules offer you a broader perspective on the subject, allowing you to tailor the programmes to areas that are of particular relevance to your interests or career aspirations.

Programme structure

The programme involves six compulsory modules, two elective modules and a dissertation.

Compulsory modules:

  • Principles of Accounting
  • Foundations of Finance
  • Quantitative Methods
  • Research Methods
  • Corporate Finance
  • International Financial Reporting

Elective modules:

  • International Corporate Governance
  • Derivative Securities
  • Investment Analysis
  • International Finance
  • Risk Management

Example module content

Principles of Accounting

This module provides a practical study of the basic principles and advanced knowledge of financial accounting systems used around the world, addressing the major issues to be reformed.

Foundations of Finance

This module provides a complete introduction to financial theory through a study of the problems of investing capital – specifically the valuation of securities both as individual investments and their contribution to risk and return in a portfolio context.

Quantitative Methods

Finance is regarded as applied economics. A good grasp of quantitative methods in economics is essential for finance and accounting-related studies. This module is an introduction to the techniques of econometrics and the use of an econometric package.

Research Methods

Introducing the process of research project formulation and the key elements of research design, this module prepares you to execute your research study for your dissertation in a systematic and scientific manner.

Corporate Finance

This module provides a substantial course in corporate finance, following the Foundations of Finance module. This exposure will help you understand some of the more difficult materials in corporate finance and also present corporate finance as the working of a number of integrated and powerful institutions.

International Financial Reporting

This module builds on the Principles of Accounting module and addresses issues that arise for complex business entities from both conceptual and technical angles within the context of international financial reporting standards and national GAAPS.

International Corporate Governance

This module builds on financial economics theories to encompass the latest developments in corporate governance worldwide. The theoretical study is supported by empirical evidence in which corporate governance develops by examining the legal structure and capital market for various countries at macro level, and the firm’s structure which influences the effectiveness of corporate governance at macro level. It takes an international approach by contextualising its development and providing a stimulating range of academic and practitioner research, and topical case studies.

Derivative Securities

This module is targeted at students interested in understanding the purpose and use of derivative securities, specifically forwards, futures, swaps and options. Applications in hedging and speculating in corporate and funds management are used to reinforce a rigorous development of arbitrage theory that underpins the pricing behaviour of derivative securities.

Investment Analysis

This module studies the various stages of the investment analysis and management process, from the award of an investment sponsor’s mandate, through investment manager selection, to the portfolio and performance outcome of that selection. Consideration is made at each stage of who makes the decisions and what those decisions are based upon. This includes asset allocation and comprises equity investment, active versus passive investment, drivers of value, security selection, investment style and investment performance.

International Finance

This module provides you with an understanding of worldwide financial markets and the main types of securities traded in these markets, as well as how to use these securities to hedge risks in world financial markets.

Risk Management

Risk management focuses on the types of risk that arise for a business including market risk, credit risk and interest risk. This module considers financial risk management strategies, how risk is evaluated, the methods that are available to hedge against risk and the strategies that are employed to mitigate risk. This is complemented by consideration of operational risk and key risk management issues for financial institutions, including regulatory issues such as Basel II.

Dissertation

The dissertation is the final element of the programme, providing an opportunity for a sustained period of research. It allows you to concentrate on topics that are of particular interest to you and draws upon a range of different aspects of the taught programme, particularly the Research Methods module. It also gives you an opportunity to work on your own with individual supervision.

The module allows you to:

  • Undertake an original piece of research adding to existing knowledge
  • Demonstrate an ability to select, define and focus upon an issue at an appropriate level
  • Develop and apply relevant and sound methodologies
  • Analyse the issue and develop recommendations and logical conclusions
  • Be aware of the limitations of research work

You will also be expected to demonstrate an awareness of any ethical dilemmas that arise in your research.

Professional recognition

Surrey Business School is accredited by the Association to Advance Collegiate Schools of Business (AACSB) and by the Association of MBAs (AMBA).

Related programmes

Postgraduate (Taught)

Related departments/schools

Related research areas

Programme director

Professor Dimitris Petmezas

Find out more

General Enquiries:

+44 (0)1483 681 681

pg-enquiries@surrey.ac.uk

Admissions Enquiries:

+44-(0)1483-682-222

admissions@surrey.ac.uk

Programme facts

Type of programme:

MSc

Programme length:

  • Full-time: 12 months

Start date:

Sep 2015

Entry Requirements

Applicants should normally hold a Bachelors degree (UK 2.1 or above) or equivalent qualification from a recognised British or overseas university in a related subject (including accountancy, business administration, economics, engineering, finance, management, mathematics, physics or science).

If an applicant’s Bachelors degree is not in a subject related to the MSc, some relevant work experience would be an advantage. Higher level professional qualifications may also be accepted. Each applicant is assessed on their own merit.

English language requirements

IELTS minimum overall: 6.5

IELTS minimum by component: 6.0

We offer intensive English language pre-sessional courses, designed to take you to the level of English ability and skill required for your studies here.

Fees

Study mode Start date UK/EU fees Overseas fees
Full-time Sep 2015 £10,600 £16,500

Please note these fees are for the academic year 2015/16 only. All fees are subject to annual review.

A complete list of all fees for our Masters Programmes

Funding

Discounts for Surrey graduates

Thinking of continuing your education at Surrey? As an alumni of Surrey you could be eligible for a 10% discount on our Taught Masters programme fees.

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