Programme Specification for the 2024/5 academic year
MSc Accounting and Finance
1. Programme Details
| Programme name | MSc Accounting and Finance | Programme code | PTS1SBESBE19 |
|---|---|---|---|
| Study mode(s) | Full Time |
Academic year | 2024/5 |
| Campus(es) | Streatham (Exeter) |
NQF Level of the Final Award | 7 (Masters) |
2. Description of the Programme
This programme is suited to anyone wishing to deepen their knowledge of accounting and finance with a view to enter a career in academia or industry.
The MSc Accounting and Finance offers you a solid grounding in the fundamentals of financial management, financial accounting, and management accounting and will sharpen your quantitative skills in finance. You will gain insight into the accounting process within a firm (management accounting) and into external reporting and its relevance to company valuation (financial accounting).
One of the main attractions of the degree is the broad spectrum of options available – you can specialise further by selecting subjects such as derivatives pricing, domestic and international portfolio management, corporate finance and governance, banking and financial services, international financial management, topics in financial economics, financial technology (FinTech), digital business models, and many others. Sustainable considerations are incorporated into many of the modules on offer. In addition, you will have the opportunity to write both a quantitative and qualitative dissertation when undertaking the two 30-credit modules which will prepare you for a career in both academia and industry. The two modules will be delivered from June to September, and you will need to be present for teaching sessions during this period.
The programme offers you an opportunity to specialise in ‘Sustainable Finance’ pathway in response to the growing importance of sustainable practices and the evolving demands of the finance industry. Building on the core knowledge and skills developed in their programme, you will learn to apply academic learning to real-world sustainability challenges. You will be introduced to ethical issues and dilemmas in financial decision-making and encouraged to consider the social, economic and environmental implications of your professional behaviours and decisions. You will understand the key factors that underpin the science of climate change, and the ways in which the finance sector can support the transition to a sustainable, low-carbon economy.
We also offer talks and workshops where you will meet and learn from practitioners and finance experts.
3. Educational Aims of the Programme
- Provide a thorough theoretical and practical grounding in the tools and techniques of accounting and financial analysis;
- Develop critical awareness of articles in accounting and finance academic journals, and familiarity with the concepts and research methods utilised;
- Develop the facility to engage in and contribute to accounting and finance academic and policy debates;
- Train researchers who are competent to choose between and deploy various alternative research methodologies and techniques, including alternative econometric techniques and software packages;
- Provide specific research training that will enable students successfully to complete masters level dissertations, and provide a sound basis for a decision as to whether or not to embark upon a programme of independent research (under appropriate supervision) for MPhil/PhD;
- Provide an opportunity for advanced study of accounting and finance suitable to a range of career-development motivations
4. Programme Structure
Your MSc Accounting and Finance programme is a 1 year programme of study at Regulated Qualifications Framework (NQF) level 7 (as confirmed against the FHEQ). The programme is divided into units of study called ‘modules’ which are assigned a number of ‘credits’. The credit rating of a module is proportional to the total workload, with 1 credit being nominally equivalent to 10 hours of work.
5. Programme Modules
http://business-school.exeter.ac.uk/programmes/postgraduate/finance/msc_accfi/programmestructure/
This programme is available for study 12 months full-time over three terms and is University-based throughout this time. The taught components of the programme are delivered in the first two terms, leaving the third term and most of the summer to research, write and submit your dissertation. The programme in its entirety runs from October to September.
During the programme you will study modules (including the dissertation) totalling 180 credits. Please note that all options are available timetable permitting and may change.
Please note that programme structures may be subject to change.
Stage 1
120 credits of compulsory modules, 60 credits of optional modules.
Compulsory Modules
Note: Teaching sessions for BEAM068, BEAM079 and BEFM027 will be delivered from June to September
a Students must choose one of either BEAM079 or BEFM027
| Code | Module | Credits | Non-condonable? |
|---|---|---|---|
| BEAM024 | Advanced Financial Accounting | 15 | No |
| BEAM025 | Advanced Management Accounting | 15 | No |
| BEAM047 | Fundamentals of Financial Management | 15 | No |
| BEAM078 | Applied Empirical Accounting and Finance | 15 | No |
| BEAM079 | Coding Analytics for Accounting and Finance | 30 | Yes |
| BEAM068 | Accounting, Accounts and Accountability: examining its everyday use [See note a above] | 30 | Yes |
| BEFM027 | Dissertation [See note a above] | 30 | Yes |
Optional Modules
b Students must choose 60 credits from BEAM052, BEAM102, BEAM103 or BEAM104 to gain a with ‘Sustainable Finance’ Pathway.
| Code | Module | Credits | Non-condonable? |
|---|---|---|---|
| MSc Accounting and Finance optional modules 2024-25 | |||
| BEAM029 | Topics in Financial Economics | 15 | No |
| BEAM033 | Banking and Financial Services | 15 | No |
| BEAM035 | Derivatives Pricing | 15 | No |
| BEAM036 | Domestic and International Portfolio Management | 15 | No |
| BEAM042 | International Financial Management | 15 | No |
| BEAM046 | Financial Modelling | 15 | No |
| BEAM050 | Advanced Corporate Finance | 15 | No |
| BEAM052 | Corporate Governance and Finance | 15 | No |
| BEAM053 | Mergers, Management Buyouts and Other Corporate Reorganisations | 15 | No |
| BEAM065 | Bank Management | 15 | No |
| BEAM031 | Financial Instruments | 15 | No |
| BEA3022 | Auditing | 15 | No |
| BEEM061 | Fundamentals of Financial Technology | 15 | No |
| BEEM161 | Smart Contracts | 15 | No |
| BEAM104 | Sustainable and Responsible Finance | 15 | No |
| BEAM102 | Financial Institutions' Risk Management | 15 | No |
| BEAM103 | Climate Finance and Investments | 15 | No |
| BEMM190 | Digital Transformation | 15 | No |
6. Programme Outcomes Linked to Teaching, Learning and Assessment Methods
Intended Learning Outcomes
A: Specialised Subject Skills and Knowledge
| Intended Learning Outcomes (ILOs) On successfully completing this programme you will be able to: | Intended Learning Outcomes (ILOs) will be... | |
|---|---|---|
| ...accommodated and facilitated by the following learning and teaching activities (in/out of class): | ...and evidenced by the following assessment methods: | |
1. an extensive and in-depth knowledge of research in the areas of accounting and finance, to the extent that they are able to use their knowledge to develop independent analysis of new issues arising in these areas | ILO1&4: developed through compulsory modules with a view to use knowledge gained to complete BEAM068 Accounting, Accounts and Accountability: examining its everyday use and BEAM079 Coding Analytics for Accounting and Finance or BEFM027 Dissertation. ILO2: addressed in particular in modules that require written reports as assignments and ultimately in BEAM068 Accounting, Accounts and Accountability: examining its everyday use and BEAM079 Coding Analytics for Accounting and Finance or BEFM027 Dissertation. ILO3: training courses delivered by external partners from organisations such as Thomson Reuters and Bloomberg. Addressed in BEAM078 Applied Empirical Accounting and Finance and BEAM079 Coding Analytics for Accounting and Finance or BEFM027 Dissertation. | 1. Final exams, coursework assignments and dissertation. 2. Written reports/coursework/dissertation in BEAM078, BEAM068 and BEAM079 or BEFM027. 3. Assessed in BEAM078 through coursework and class test, and coursework/dissertation in BEAM079 or BEFM027. 4. Final exams, coursework assignments and dissertation |
Intended Learning Outcomes
B: Academic Discipline Core Skills and Knowledge
| Intended Learning Outcomes (ILOs) On successfully completing this programme you will be able to: | Intended Learning Outcomes (ILOs) will be... | |
|---|---|---|
| ...accommodated and facilitated by the following learning and teaching activities (in/out of class): | ...and evidenced by the following assessment methods: | |
5. an ability to evaluate existing empirical research, appraise critically the assumptions underlying a variety of accounting and finance models and develop an understanding of how to test such assumptions empirically, contributing to knowledge in the area | ILO5: critical thinking is strongly encouraged in most of the modules; in particular, students will critically review substantial amount of empirical research in BEAM024 Advanced Financial Accounting and the contexts within which management accounting operates in BEAM025 Advanced Management Accounting. ILO6: this is covered particularly in BEAM078 Applied Empirical Accounting and Finance, BEAM068 Accounting, Accounts and Accountability: examining its everyday use and BEAM079 Coding Analytics for Accounting and Finance or BEFM027 Dissertation. ILO7: developed through assignments required in BEAM025 Advanced Management Accounting, BEAM078 Applied Empirical Accounting and Finance, BEAM068 Accounting, Accounts and Accountability: examining its everyday use and BEAM079 Coding Analytics for Accounting and Finance or BEFM027 Dissertation. | 5. Final exams and coursework. 6. Coursework and class test in BEAM078, critical literature review in BEAM068 and coursework/dissertation in BEAM079 or BEFM027. 7. Coursework in BEAM025, coursework and class test in BEAM078, critical literature review in BEAM068 and coursework/dissertation in BEAM079 or BEFM027. |
Intended Learning Outcomes
C: Personal/Transferable/Employment Skills and Knowledge
| Intended Learning Outcomes (ILOs) On successfully completing this programme you will be able to: | Intended Learning Outcomes (ILOs) will be... | |
|---|---|---|
| ...accommodated and facilitated by the following learning and teaching activities (in/out of class): | ...and evidenced by the following assessment methods: | |
8. Confident Communicator: Able to adapt and adjust both written and verbal communication styles, to meet the needs of diverse audiences. | 8. BEAM024 Advanced Financial Accounting requires students to build communication skills by debating discussion topics to produce a written group assignment. BEAM025 Advanced Management Accounting requires the production of a report and an essay while BEAM046 Financial Modelling requires students to complete both an individual and group assignment. BEAM068 Accounting, Accounts and Accountability: examining its everyday use requires students to produce a critical literature review. BEAM078 Applied Empirical Accounting and Finance and BEAM079 Coding Analytics for Accounting and Finance require students to undertake individual research projects. BEFM027 Dissertation requires students to write a dissertation. 9. All core modules (BEAM024 Advanced Financial Accounting, BEAM025 Advanced Management Accounting, BEAM047 Fundamentals of Financial Management and BEAM078 Applied Empirical Accounting and Finance) will require students to solve a range of problems with varying levels of complexity. This will be further consolidated and assessed through dissertations/projects in BEAM068 Accounting, Accounts and Accountability: examining its everyday use and BEAM079 Coding Analytics for Accounting and Finance or BEFM027 Dissertation. 10. BEAM024 Advanced Financial Accounting and BEAM046 Financial Modelling require students to build collaboration skills through group work to produce written group assignments. 11. BEAM078 Applied Empirical Accounting and Finance exposes students to a variety of databases and equips students with the skills to conduct empirical analysis through STATA. BEAM079 Coding Analytics for Accounting and Finance instructs students in coding and analytics using Python. BEFM027 Dissertation requires students to collect data using databases and to conduct analysis using statistical software. BEAM046 Financial Modelling instructs students in the use of Excel and Visual Basic for Applications (VBA). 12. All core modules (BEAM024 Advanced Financial Accounting, BEAM025 Advanced Management Accounting, BEAM047 Fundamentals of Financial Management, BEAM078 Applied Empirical Accounting and Finance, BEAM068 Accounting, Accounts and Accountability: examining its everyday use and BEAM079 Coding Analytics for Accounting and Finance or BEFM027 Dissertation) will provide students with the opportunity to self-reflect over the course of study and through the feedback provided for exams/assignments/research projects/dissertation. 13. BEAM024 Advanced Financial Accounting offers the opportunity to develop skills in critical thinking, integration, and synthesis between theoretical and practical perspectives. BEAM025 Advanced Management Accounting encourages students to be inquisitive and think critically on contemporary developments. BEAM047 Fundamentals of Financial Management introduces students to finance theory and financial management, and analyses models and evidence relating to a firm’s optimal capital structure and appropriate dividend policy. BEAM078 Applied Empirical Accounting and Finance and BEAM079 Coding Analytics for Accounting and Finance or BEFM027 Dissertation equip students with the ability to critically evaluate the extant literature and frame relevant questions to tackle complex problems faced by organisations and society. BEAM068 Accounting, Accounts and Accountability: examining its everyday use requires students to critically think about and appreciate accounting, accounts and accountability in its wider (e.g., social, economic, political, environmental) context through the consideration of topical and real-world issues. 14. BEAM024 Advanced Financial Accounting requires group work. Students will have the opportunity to interact and work with people from different cultures. International accounting standards are global in nature and students will be exposed to research involving datasets and settings from different countries. BEAM025 Advanced Management Accounting and BEAM068 Accounting, Accounts and Accountability: examining its everyday use cover topics that are global in scope. Popular culture, roles of accountants, sustainable development and accounting for the vulnerable are explored using examples from different countries. BEAM047 Fundamentals of Financial Management covers investment theory and corporate finance that are international by nature and the fair valuation of financial assists will be of interest to those interested in sustainable decision-making. BEAM078 Applied Empirical Accounting and Finance and BEAM079 Coding Analytics for Accounting and Finance or BEFM027 Dissertation expose students to programming language and analytics that are globally understood as well as literature involving settings from different countries. | 8. BEAM024 – Examination and group assignment BEAM025 – Coursework (report and essay) BEAM046 – Individual and group assignment BEAM068 – Critical literature review BEAM078 – Research project BEAM079 – Research project BEFM027 – Dissertation 9. BEAM024 – Examination and group assignment BEAM025 – Coursework (report and essay) BEAM047 – Examination BEAM078 – Research project BEAM068 – Critical literature review BEAM079 – Research project BEFM027 – Dissertation
10. BEAM024 – Group assignment BEAM046 – Group assignment
11. BEAM078 – Research project BEAM079 – Research project BEFM027 – Dissertation BEAM046 – Individual and group assignment
12. BEAM024 – Examination and group assignment BEAM025 – Coursework (report and essay) BEAM047 – Examination BEAM078 – Research project BEAM068 – Critical literature review BEAM079 – Research project BEFM027 – Dissertation
13. BEAM024 – Examination and group assignment BEAM025 – Coursework (report and essay) BEAM047 – Examination BEAM078 – Research project BEAM068 – Critical literature review BEAM079 – Research project BEFM027 – Dissertation
14. BEAM024 – Examination and group assignment BEAM025 – Coursework (report and essay) BEAM047 – Examination BEAM078 – Research project BEAM068 – Critical literature review BEAM079 – Research project BEFM027 – Dissertation |
7. Programme Regulations
with 'Sustainable Finance pathway'
You must take a total of 60 credits of eligible modules and must achieve a minimum of 50% in at least 45 of these credits to be awarded the pathway. In other words, you must pass a minimum of 45 credits of the eligible modules and cannot be condoned in more than 15 credits
Classification
8. College Support for Students and Students' Learning
Personal and Academic tutoring: It is University policy that all Colleges should have in place a system of academic and personal tutors. The role of academic tutors is to support you on individual modules; the role of personal tutors is to provide you with advice and support for the duration of the programme and extends to providing you with details of how to obtain support and guidance on personal difficulties such as accommodation, financial difficulties and sickness. You can also make an appointment to see individual teaching staff.
Student/Staff Liaison Committee enables students & staff to jointly participate in the management and review of the teaching and learning provision.
The Postgraduate Student Handbook can be accessed via ELE at the following address: http://vle.exeter.ac.uk/course/view.php?id=1645
9. University Support for Students and Students' Learning
10. Admissions Criteria
11. Regulation of Assessment and Academic Standards
12. Indicators of Quality and Standards
The programme is not subject to accreditation and/ or review by professional and statutory regulatory bodies (PSRBs).
13. Methods for Evaluating and Improving Quality and Standards
14. Awarding Institution
University of Exeter
15. Lead College / Teaching Institution
Faculty of Environment, Science and Economy (ESE)
16. Partner College / Institution
Partner College(s)
Not applicable to this programme
Partner Institution
Not applicable to this programme.
17. Programme Accredited / Validated by
0
18. Final Award
MSc Accounting and Finance
19. UCAS Code
C791
20. NQF Level of Final Award
7 (Masters)
21. Credit
| CATS credits | 180 |
ECTS credits | 90 |
|---|
22. QAA Subject Benchmarking Group
23. Dates
| Origin Date | 28/05/2012 |
Date of last revision | 28/06/2023 |
|---|
