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Applied Accounting MSc

Overview

A career in the accounting sector requires a high level of understanding of both the theory and practice of accounting and finance, and this specialist Masters' degree is aimed towards partly qualified accountants who want to combine their practical experience with further academic training. The course will develop your knowledge to higher levels and is aligned to professional body qualifications. It part-prepares you for undertaking further professional examinations in accounting.

Taught by our highly qualified staff who have considerable experience of working in accounting and finance, this course will equip you with the skills necessary to gain high-level positions in the profession. There's also the option of a placement in the third semester of the standard full-time route, further boosting your employability.

You'll benefit from a wide range of extra-curricular activities including Academic skills for Finance, Accounting and Governance and Research Techniques, a range of Bloomberg-based activities, specialist visitor speakers, and expert symposiums and conferences. You'll take part in a residential weekend to discuss current events and specific problems affecting the accountancy field with academics and a visitor practitioner.

We're second in London for graduate prospects in Accounting & Finance (Complete University Guide 2019).

There is a fast track route available for fully qualified CCAB accountants; this route will take 10 months to complete and consists of two taught modules and a dissertation.

Accountancy College of the Year- Public Sector

PQ Magazine 2017 awards

ACCA and CIMA exemptions

ACCA Exemptions 

On completion of the course, you will be on a fast track to becoming ACCA qualified, and exempt from the following modules:

F1 - Accountant in Business
F2 - Management Accounting
F3 - Financial Accounting
F4 - Corporate and Business Law  

CIMA Exemptions

On completion of the course, you will be eligible for the master’s gateway route. The Master’s gateway route is an accelerated entry route to the CIMA Professional Qualification and the individuals are required to take the CIMA Gateway Exam, and get all 11 exemptions from certificate, operational and management level exams after successfully passing the CIMA Gateway Exam.

Subjects

BA1 Fundamentals of Business Economics
BA2 Fundamentals of Management Accounting
BA3 Fundamentals of Financial Accounting
BA4 Fundamentals of Ethics, Corporate Governance and Business Law

Accreditations

Key course information - ordered by mode
Mode Duration Start date Location
Mode
Part-time
Duration
30 months
Start Date
January; September
Location
Southwark Campus
Mode
Full-time
Duration
15 months
Start Date
January; September
Location
Southwark Campus
Mode
Full-time (fast track)
Duration
10 months
Start Date
January; September
Location
Southwark Campus
Mode
Full-time (with internship)
Duration
19 months
Start Date
January; September
Location
Southwark Campus

Modules

All modules are assessed by a mix of coursework, individual and group presentations and written exams. A typical taught module involves a total of 200 study hours (52 contact hours and 148 group and private study hours). The use of Bloomberg and Thomson-One Banker are embedded within modules.

Semester 1

  • Corporate Reporting
    This module covers International Financial Reporting standards and theoretical issues such as voluntary and mandatory disclosure of accounting information and the effect of IFRS adoption on accounting quality. The main financial reporting issues covered in the module are accounting for financial instruments, stock-based compensation, employee benefits, intangible assets, business combinations, goodwill and foreign currency translation.
  • Business Analysis
    This module develops a student’s understanding of the strategic decision making process. It will enable a student to critically evaluate an organisations strategic position, consider strategic choices in reference to an organisations future and address the way in which these strategic choices become strategic actions.
  • Theories & Issues in Accounting and Finance
    The module prepares MSc Accounting with Finance students for their subsequent studies in the Research Design and Methods and Dissertation modules. The module introduces current development in financial accounting theories including the major approaches to financial management and environmental accounting. The students will practice higher level academic skills including: (a) critically analysing research articles in terms of identifying key findings and evaluating the strengths and weaknesses of the supporting evidence; (b) through synthesis and creativity will develop techniques to combine the work of several authors into a single coherent literature review based around their own personal research ideas; (c) critically reflecting on their work whilst studying this module. The students will also develop essential information searching and written communication skills.

Semester 2

  • Advanced Corporate Reporting
    This is an advanced module in corporate reporting, which covers some of the complex International Financial Reporting standards and theoretical issues such as earnings management, voluntary and mandatory disclosure of accounting information and the effect of IFRS adoption on accounting quality.   The financial reporting issues will be covered in details on accounting for financial instruments, stock-based compensation, employee benefits, intangible assets, business combinations, goodwill and foreign currency translation. Students completing this module will be able to access and utilise relevant information sources available in electronic form, including web sites dedicated to providing financial data, and write reports based on their analysis of such data. The module will also provide a solid foundation for students intending to write the advanced financial reporting examinations of the main professional accountancy bodies.
  • Governance, Risk & Ethics
    The module assumes essential technical skills and knowledge acquired at the fundamentals level where the core technical capabilities will have been acquired, and where ethics, corporate governance, internal audit, control, and risk will have been introduced in a subject-specific context. The module examines the area of governance within organisations in the broad context of the agency relationship and focuses on the respective roles and responsibilities of directors and officers to organisational stakeholders and of accounting and auditing as support and control functions. The module explores internal review, control, and feedback to implement and support effective governance, including compliance issues related to decision-making and decision-support functions. The module also examines the whole area of identifying, assessing, and controlling risk as a key aspect of responsible management and covers personal and professional ethics, ethical frameworks – and professional values – as applied in the context of the accountant’s duties and as a guide to appropriate professional behaviour and conduct in a variety of contexts.
  • Research Design & Methods
    The module focuses on the nature, approaches, methods and tools/techniques of research within the broad domains of accounting, finance and corporate governance. In addition, illustrations and/or contextualisations from other sectors e.g. information technology, public, voluntary and/or “third” sectors may be used. In doing so, the module attempts to develop many of the skills and theoretical underpinnings required to complete a Master’s level dissertation in one of these domains. The module facilitates choice of a dissertation topic and strategy by the student and sensitises him/her to key research approaches and tools/techniques that could be employed when completing a dissertation. .

Strategic Modules

  • Placement
    This module allows students to gain valuable work experience while studying for a Master’s degree. Responsibility for securing the work placement lies with the student. However, students will be amply supported by both the work placement team and by the University’s Employability office both during the search process and when you are actually working.  The placement will allow students to reflect on how principles of accounting and finance can be applied in the workplace. The Placement module requires completion of an industry presentation, a reflective practice report and monthly progress reports. Students will complete a reflective practice report preceded by a 20-minute presentation and a series of monthly progress reports, which will occur at strategic points during their placement.  The reports and presentations will be aligned to the placement. The placement is full time with duration varying from a minimum period of three months to a maximum of five months. The students have to pass all six taught modules prior to going on their placements.
  • Applied Dissertation
    The applied dissertation module requires completion of a circa 12,000 word Master’s level dissertation in an area consistent with, and appropriate to the degree being sought. It requires that, and provides an opportunity for, the student to independently conceive, plan and execute, in an appropriately ethical manner, an appropriate piece of research based on practical and firm academic foundations. In doing so, the dissertation is required to address an issue or matter of some importance within the industry. strong>
  • Dissertation The dissertation module requires completion of a circa 16,000 word Master’s level dissertation in an area consistent with, and appropriate to the degree being sought. It requires that, and provides an opportunity for, the student to independently conceive, plan and execute, in an appropriately ethical manner, an appropriate piece of research based on firm academic foundations. In doing so, the dissertation is required to address an issue or matter of some importance across the Master’s degree being sought.

Employability

Graduates who possess a combination of an LSBU Masters degree and a professional accounting qualification are likely to be highly employable in senior positions in accounting and finance, not only in the UK but throughout the world. 

Excellent career opportunities exist in accounting and finance. Recent graduates have secured positions in accounting firms, industry, banking, finance and commerce.

Employability skills events held by the Department include:

"My Employability event"

  • My dream job
  • Preparing CVs and cover letters
  • Using databases to research the company
  • IT qualifications for your CV
  • Preparing for interviews
  • Managing expectations
  • Internships

ACCA and CIMA exemptions

On completing this course, you will be on a fast track to becoming ACCA qualified, and exempt from the following exams:

F1 - Accountant in Business
F2 - Management Accounting
F3 - Financial Accounting
F4 - Corporate and Business Law

With the completion of the modules:

F5 Performance Management, Management Accounting (BAF-7-MAC)
F8 Audit and Assurance,  Audit Risk (BAF-7-AUR)
F9 Financial Management, Corporate Financial Management (BAF-7-CFM)

CIMA Exemptions:

Graduates are eligible for the master’s gateway route or direct entry to the operational level objective tests

Subjects

BA1 Fundamentals of Business Economics
BA2 Fundamentals of Management Accounting
BA3 Fundamentals of Financial Accounting
BA4 Fundamentals of Ethics, Corporate Governance and Business Law

Employability Service

We are University of the Year for Graduate Employment - The Times and Sunday Times Good University Guide 2018.

At LSBU, we want to set you up for a successful career. During your studies – and for two years after you graduate – you’ll have access to our Employability Service, which includes:

  • An online board where you can see a wide range of placements: part-time, full-time or voluntary. You can also drop in to see our Job Shop advisers, who are always available to help you take the next step in your search.
  • Our Careers Gym offering group workshops on CVs, interview techniques and finding work experience, as well as regular presentations from employers across a range of sectors.

Our Student Enterprise team can also help you start your own business and develop valuable entrepreneurial skills.

Placements

In addition to academic rigour, the Masters is highly oriented to support your professional development.

An optional placement in a relevant business area is available in the third semester of the full-time route. This will enhance your employability skills and apply accounting and finance theory to contemporary business practices.

If you take part in a placement, the dissertation may be linked to your placement experience. A placement is not currently offered on the part-time or fast track mode.

Staff

Sara Abdaless

School/Division: Business / Accounting, Finance and Economics
Job title: Lecturer in Accounting and Finance

Sara specialises in management accounting and governance, with a special interest in public sector and not-for-profit organisations. Sara teaches modules on both undergraduate level and Postgraduate level and has published in peer-reviewed conference proceedings, journal and book chapters.


Joe Adomako

School/Division: Business / Accounting, Finance and Economics
Job title: Senior Lecturer

Joe Adomako is a Senior Lecturer in Accounting. He lectures Financial Reporting to undergraduate and postgraduate students.

Shashi Kumar

School/Division: Business / Accounting, Finance and Economics
Job title: Senior Lecturer

Shashi has expertise in corporate and strategic financial management, institutional fund management, international finance, security analysis, portfolio management, portfolio performance measurement, mergers and acquisitions, valuations and research design and methods.


Dr Ling Xiao, PhD

School/Division: Business / Accounting, Finance and Economics
Job title: Senior Lecturer, Accounting and Finance

An expert in financial asset returns and volatility modelling for the finance sector. Ling uses advanced econometric methodologies to improve financial forecasting reliability – she primarily focuses on stock index and foreign exchange data.


Facilities

Specialist industry software prepares our students with the digital skills that employers' value. Students on our programmes have access to Bloomberg, Thomson One Banker, SAGE, Blueprint, FAME, NVivo, and SPSS.

Why not read about how a LSBU student took first place in Bloomberg’s prestigious annual Investment Challenge (BIC) competition.

Read more about the Division of Accounting and Finance's specialist facilities and software.

Students using Bloomberg facilities

Teaching and learning

Participation and active learning is encouraged through workshops, seminars, case studies and student led discussion. You'll also benefit from excellent learning materials and small class sizes, and receive training in the use of Bloomberg and Thomson-One Banker, and specialist software (SPSS and N-Vivo).

Entry requirements

Applicants are normally students who have completed:

  • At least a 2.2 Honours degree in a relevant subject area (e.g. accounting or finance); or
  • Fundamentals Level (Knowledge and Skills) of the ACCA professional examinations; or
  • Completion of the Operational and Managerial levels of CIMA examinations; or
  • the equivalent professional accountancy qualifications of an overseas accountancy body.
  • We welcome qualifications from around the world. English language qualifications for international students: IELTS score of 6.5.

Accreditation of Prior Learning:

Applicants who have passed any of the following ACCA Professional Papers may be eligible to claim exemption from the equivalent course modules (up to a maximum of three modules) – P1 (Governance, Risk and Ethics), P2 (Corporate Reporting), P3 (Business Analysis) and P7 (Advanced Audit and Assurance). 

Applicants may be required to attend for interview by the Course Director or Admissions Tutor.

Entry requirements for MSc Applied Accounting (Fast Track)

The Fast track route is available for fully qualified CCAB accountants (ACA, ACCA, CIPFA or CIMA). Other accountancy bodies will be considered on an individual basis. 

Successful applicants will study two taught modules and complete a dissertation or business report.

Applicants may be required to attend for interview by the Course Director or Admissions Tutor.

How to apply

International (non Home/EU) applicants should follow our international how to apply guide.

Instructions for Home/EU applicants
Mode Duration Start date Application code Application method
Mode
Part-time
Duration
30 months
Start date
January; September
Application code
4545
Application method
Mode
Full-time
Duration
15 months
Start date
January; September
Application code
4547
Application method
Mode
Full-time (fast track)
Duration
10 months
Start date
January; September
Application code
4546
Application method
Mode
Full-time (with internship)
Duration
19 months
Start date
January; September
Application code
4571
Application method

Full-time/part-time postgraduate students and research students apply through the UK Postgraduate and Statistical Service (UKPASS). Full details of how to do this are supplied on our How to apply section for postgraduate students and our How to apply section for research students.

Postgraduate applicants are required to provide up to two references as part of their application.

Accommodation

Students should apply for accommodation at London South Bank University (LSBU) as soon as possible, once we have made an offer of a place on one of our academic courses. Read more about applying for accommodation at LSBU.

Finance

It's a good idea to think about how you'll pay university tuition and maintenance costs while you're still applying for a place to study. Remember – you don't need to wait for a confirmed place on a course to start applying for student finance. Read how to pay your fees as a postgraduate student.

Postgraduate Application Service

Book a session with one of our specialist Postgraduate Advisors. Over a one on one Advice Session they'll advise you on postgraduate degrees at LSBU that match your interests and experience. Book an Advice Session.

Fees and funding

Fees are shown for new entrants to courses, for each individual year of a course, together with the total fee for all the years of a course. Continuing LSBU students should refer to the Finance section of our student portal, MyLSBU. Queries regarding fees should be directed to the Fees and Bursaries Team on: +44 (0)20 7815 6181.

Full-time
Part-time
The fee shown is for entry 2018/19.
UK/EU fee: £8700International fee: £13125
AOS/LSBU code: 4547Session code: 1FS01
The fee shown is for entry 2018/19.
UK/EU fee: £8700International fee: £13125
AOS/LSBU code: 4571Session code: 1FS01
Total course fee:
UK/EU £9640
International £14065
The fee shown is for entry 2018/19.
UK/EU fee: £4833.33International fee: £7291.67
AOS/LSBU code: 4546Session code: 1FS01
The fee shown is for entry 2018/19.
UK/EU fee: £8700International fee: £13125
AOS/LSBU code: 4547Session code: 1FS00
The fee shown is for entry 2018/19.
UK/EU fee: £8700International fee: £13125
AOS/LSBU code: 4571Session code: 1FS00
Total course fee:
UK/EU £9640
International £14065
The fee shown is for entry 2018/19.
UK/EU fee: £4833.33International fee: £7291.67
AOS/LSBU code: 4546Session code: 1FS00
The fee shown is for entry 2018/19.
UK/EU fee: £3866.67International fee: £5833.33
AOS/LSBU code: 4545Session code: 1PS01
Total course fee:
UK/EU £8700
International £13125
The fee shown is for entry 2018/19.
UK/EU fee: £3866.67International fee: £5833.33
AOS/LSBU code: 4545Session code: 1PS00
Total course fee:
UK/EU £8700
International £13125

For more information, including how and when to pay, see our fees and funding section for postgraduate students.

Possible fee changes

The University reserves the right to increase its fees in line with changes to legislation, regulation and any governmental guidance or decisions.

The fees for international students are reviewed annually, and additionally the University reserves the right to increase tuition fees in line with inflation up to 4 per cent.

Postgraduate loan (PGL) for Masters study

If you are starting a Masters course, studying either full- or part-time, you may be entitled to apply for a postgraduate study loan. Find out more at our postgraduate fees and funding section.

Scholarships

We offer several types of fee reduction through our scholarships and bursaries. Find the full list and other useful information on funding your studies on the scholarships and fee discounts page.

Fee status

Please check your fee status and whether you are considered a home, EU or international student for fee-paying purposes by reading the UKCISA regulations.

Case studies

Select a case study and read about practical project work, students' placement experiences, research projects, alumni career achievements and what it’s really like to study here from the student perspective.

Prepare to start

We help our students prepare for university even before the semester starts. To find out when you should apply for your LSBU accommodation or student finance read How to apply tab for this course.

Enrolment and Induction

Enrolment takes place before you start your course. On completing the process, new students formally join the University. There will be an online data gathering exercise that you will complete yourself, then you will be invited to a welcome meeting. At LSBU, you will confirm your qualifications by showing relevant certificates, and also bring proof of identity.

In September, applicants who have accepted an unconditional offer to study at LSBU will be sent details of induction, which is when they are welcomed to the University and their School. Induction helps you get the best out of your university experience, and makes sure you have all the tools to succeed in your studies.

Read more about Enrolment and Induction on MyLSBU, our student portal.

Suggested reading:

  • Alexander,Britton and Jorissen. (2011). International Financial Reporting & Analysis.5th edition. South Western - Cengage Learning.
  • Hillier, D, Ross S. A., Westerfield R. W., Jaffe J., Jordan, B. (2011). Corporate Finance, European Edition,McGraw-Hill,
  • Cottrell S. (2005). Critical Thinking Skills: Developing effective analysis and argument, Palgrave MacMillan, New York, New York, USA

You can find background material on current issues in accounting, investment and finance on the following websites:

 
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Contact information

Course Enquiries - UK/EU

Tel: 0800 923 8888

Tel: +44 (0) 20 7815 6100

Get in touch

Course Enquiries - International

Tel: +44 (0) 20 7815 6189

Get in touch
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