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Accounting and Finance
MAccFin (Hons) Accounting & Finance (with Foundation Year option)
MAccFin (Hons) Accounting & Finance (with Foundation Year option)

MAccFin (Hons) Accounting & Finance (with Foundation Year option)

  • ID:BU440019
  • Level:Master's Degree
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Admission Requirements

Entry Requirements

  • This course requires 104–120 UCAS tariff points including a minimum of 2 A-levels or equivalent. We are happy to consider a combination of qualifications and grades to meet the overall tariff, for example A-levels A*CC, ABC, BBB or BCC, BTECs DDM or DMM. You can use the UCAS calculator to see how your qualifications equate to UCAS tariff points.

    If you do not meet these requirements, you may want to consider our Foundation Year, a one-year course that will prepare you for degree-level study.

English Requirements

  • If English is not your first language you'll need IELTS (Academic) 6.0 with minimum 5.5 in each component, or equivalent. 

Course Information

Why study MAccFin (Hons) Accounting & Finance at BU?

  • Learn from diverse array of professional guest speakers and highly qualified and experienced lecturers 

  • Enjoy the flexibility to tailor your learning with optional units to suit your ambitions in areas such as Investment Management, Risk Modelling and Corporate Social Responsibility  

  • Opportunities to study abroad at one of our international partner institutions 

  • Gain industry experience and enhance your employability by undertaking an optional 30-week placement which can be completed anywhere in the world 

  • Our alumni go on to work for companies such as Barclays Bank Plc, Deloitte and Deutsche Bank  

  • Get a head start in your career: this course with multiple accreditations will exempt you from specific early-stage professional exams. 

Foundation Year: We have a Foundation Year option for UK students who do not meet the entry requirements for the degree course. This additional year of study will give you a grounding in the business and management skills required for this course, building your confidence, knowledge and skills for further study. After successful completion of the Foundation Year, you will progress to the full degree.

UCAS Code: 2C31

With foundation year: 2C32

More info: Click here

Foundation Year

Core Units:

  • Fundamentals of Business & Management: This unit aims to develop your understanding of the business context across industry and sectors globally. You will cover the key issues and challenges facing businesses going forward and the essential role of people in dynamic, resilient and complex organisations. You will explore key functional business areas including marketing, finance, accounting, economics, people management, and organisational behaviour.  

  • Academic & Professional Practice: You will build your confidence in both academic and professional skills. This unit will cover the academic skills which will be required at degree level study and you’ll practice them throughout the unit with support from key university services including the library and study skills team. There will also be opportunity for you to reflect on and develop your own professional skills through interactions with employers, careers services and online resources. 

  • Fusion Business Project: You will undertake a business project based on a real issue or problem. The Fundamentals of Business & Management unit will support you in understanding key issues and challenges which could form the basis for your project.  Projects will be undertaken in workplaces, community settings or part of research processes related to your chosen field of study. You will be allocated an academic mentor who will support you in developing and undertaking the project. 

Year 1

Our particular focus in the first year is to ensure that you understand diverse areas like law, economics, accounting, business management, quantitative analysis and finance in the context of how a business is run, thus focusing on the connectivity between these areas in the world of business. 

Core units

  • Economics for Accounting & Finance: You'll develop an understanding of the operation of markets, including the interaction between related markets along with an understanding of the impact of economic policies on business and society in the context of a global economy.

  • Introduction to Accounting: This unit aims to provide you with a sound foundation in the fundamentals of accounting, together with a basic understanding of the regulatory framework.

  • Introduction to Quantitative Analysis: This unit will develop your understanding of basic mathematical principles and how they are applied in accounting and finance. It will provide you with the essential techniques used to collect, present, analyse and interpret data and show how quantitative methods may be used to provide reliable management information.

  • Law for Accounting & Finance: This unit will embed the core legal principles and concepts within the legal environment for a graduate operating in the finance sector.

  • Business Context: This unit will equip you with the understanding of how to translate knowledge in economics, law, statistics, finance, accounting in a business context.

  • Introduction to Financial Markets: As an introduction to financial markets, you will gain a level of conceptual understanding that will allow you to critically evaluate the fundamentals of finance and its implications in the current scenario.

Year 2

The second-year emphasises on embedding subject related skills like a working knowledge of accounting software and excel skills whilst also ensuring that you learn softer skills such as presentation skills, assessment centre practice and CV building experience. The aim is to ensure that you are ready to successfully engage with the placement recruitment process.

Core units

  • Management Accounting: Providing you with the practical ability to deal with fundamental cost and management accounting issues.

  • Accounting Information Systems: You will progress and enhance your IT skills through the use and application of industry-standard software. The unit will also provide an understanding of the accounting profession and put the use of such software into context. You will learn how to apply business process thinking in SAP ERP Information systems as tools within financial and management accounting. 

  • Financial Reporting: You'll expand upon your theoretical knowledge of financial accounting and critically apply the principles to a consideration of alternative methods of accounting and to the practice of accounting in more advanced applications.

  • Corporate Financial Management: You'll cover the theory relating to investment, financing and dividend decisions and apply appropriate techniques to assist with the three key decision areas.

You then have the option to pick one module from each of these sections (two in total):

Options A

  • Business Tax Planning: This unit will equip you with a working knowledge of the UK taxation system as it impacts upon business decision making and encourages you to critically evaluate the principles underlying the UK system of taxing business.

  • Asset Valuation: You will gain a thorough understanding of the structural overview of the financial markets, particularly the role and impact of financial market participants. You will be able to analyse and evaluate the equity securities market using appropriate valuation concepts and techniques, particularly fundamental analysis.

Options B

  • Money Banking and Financial Markets: This unit aims to provide a solid grounding in monetary economics and the financial system.  It seeks to provide a basis for understanding and analysing the working of financial markets and for assessing the relative effectiveness of monetary policy as a means of tackling macroeconomic problems.

  • Audit & Control: The unit's main emphasis is on the statutory audit process, although the work of internal audit will also be considered.

Placement year

You may choose to complete an optional (minimum) 30-week work placement which can be carried out anywhere in the world. The placement year offers a chance to gain experience and make contacts for the future.

Penultimate year

The penultimate year will emphasise on embedding research skills, which will ensure that you are able to apply this important transferable skills to your graduate role. We achieve this by exposing you to the impactful research conducted by our senior academics and professors in the department, therefore enriching your grounding in different methods of research. This will then be applied in either a research study context or to the study of a live company, thus ensuring that you can demonstrate research application.

Core units

  • Advanced Accounting Theory & Practice: This unit will develop your understanding of the theoretical aspects of financial reporting and teach you how to apply this to technical issues.

  • Perspectives on Business Strategy: You'll gain an insight into the differing perspectives used to develop and implement business strategy.

  • Contemporary Issues in Accounting & Finance Research: You will develop an appreciation for current research in accounting and finance and become equipped with a broad range of research skills. Key topics will include, hypothesis formation; ethical procedures; questionnaire designs; and quantitative and qualitative methodologies.

Choose one of these option units:

  • Company Study: This unit will enhance your skills in both computerised and non-computerised information retrieval, analysis and presentation.

  • Research Study: The aim of the unit is to provide you with the opportunity to develop skills in conducting effectively a research project, and acquire specialist knowledge within an area relevant to your programme of study.

Choose one of these option units:

  • Advanced Management Accounting: You'll gain an understanding of the role of management accounting in all aspects of management control systems, particularly in the development and use of performance management systems and the strategic control of organisations.

  • Financial Regulation: The unit provides insight into key financial regulatory theories, forms and rationale of regulation that are highly relevant to those seeking to operate within the financial services sector.

  • Business Taxation: The unit will cover the effects of taxation in the various stages in the expansion of a business, from sole trader to corporate group and provide you with a thorough understanding of the tax regime faced by businesses in their most common forms and of the more common tax planning strategies that may be adopted.

  • International Taxation: The aim of this unit is to provide a technically and academically challenging examination of the issues in international taxation faced by multinational corporations and individuals.

  • Corporate Social Responsibility & Environmental Reporting: This unit will equip you with the ability to account and report on environmental topics with emphasis on both regulatory as well as the reporting framework needed to account for environmental issues. You will gain the ability to critically appraise the usefulness of such information.   

Please note that option units require minimum numbers in order to run and may only be available on a semester by semester basis. They may also change from year to year.

Final year

The final year requires you to study at a Master's level and acquire proficiency in areas like Financial Econometrics, FinTech and Derivatives; all specialisms required to work in the capital and financial markets.

Core units

  • Financial Markets: Gain an understanding of the types of financial markets, their links and roles in modern economies, and the quantitative and qualitative research techniques that apply to this field.

  • Portfolio Construction & Theory: Gain knowledge of finance theory and how to structure portfolios of financial assets in this context.

  • Money & Banking: The functions of money and banking and their importance in the economy. You'll learn about interest rates and yield curves, monetary policy issues and banking regulation at an international context, along with contemporary issues in money and banking.

  • Financial Econometrics: Mathematical, programming and statistical tools used in the real world for analysing and modelling financial data. You'll use these tools to model asset returns, the stock, bond and exchange rate, and measure risk using different software.

Choose one option unit from this group:

  • Risk Management: The focus of this unit is on the key principles and theories that underpin investment decisions, such as the main characteristics of portfolios (stocks and bonds) and how to calculate their risk.Derivatives: Understand the principles and practical aspects of derivatives investment and risk management, focusing on the conceptual and analytical aspects of derivatives.

Choose one option unit from this group:

  • ​Data Processing and Analytics: The unit aims to develop student knowledge and skills in the evolving areas of Data Modelling, Data Analytics and Big Data Analytics. Students develop an understanding of data design, implementation and use of data-driven systems. Moreover, they learn how to model data and big data, discover knowledge within the data and deal with the dimensionality of the data. Overall, they develop critical understanding of the methodologies and techniques to cope with Data and Big Data, i.e. data of high volume, high velocity and high variety, utilising the appropriate platform (e.g. Hadoop, Storm, Spark, MongoDB).

  • FinTech: Focusing on the interaction between finance and technology, this unit covers how the economy has been affected by the new digital era, characterised by technologically-enabled innovations in the provision of financial services.

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Career Opportunity

Career Opportunity

This Integrated Master's degree in Accounting and Finance will prepare you for a variety of roles in organisations of all sizes and from many sectors. You'll have an excellent grounding in accounting before going on to specialise in business in your second year, ensuring that you keep your career options open.

85% of students studying this course are employed or taking further study fifteen months after graduating. 

Some of our alumni on finance courses go on to work for the likes of Airbus, Arcadia, Barclays Bank Plc, Deloitte, Deutsche Bank, HMRC, IBM, Miscox, Threadneedle Investments and Vodafone, among many others.

Ability to settle

Overseas Student Health Cover

OSHC: 624 ($) GBP per year

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