Postgraduate MSc/PgDip/PgCert

Accounting and Finance

Salford Business School

Attendance

Full-time

Part-time

Course

One year

Two year

Next enrolment

September 2021

Introduction

In a nutshell

International applicant? Please note, the next entry point is September 2022. Due to a high level of international interest in our courses, we have closed for January applications.

UK applicants, there are still places available for January.

The ability to understand and control the finances of a business are essential to an organisation’s success; good accountancy skills and financial management experience are highly sought after and provide the basis for a rewarding career.

Designed for graduates looking to start work, professionals aspiring to develop their career or those preparing to study for the exams of the professional bodies, this Accounting and Finance postgraduate degree is highly practical and future facing.  The Master’s programme covers a variety of operational and functional concepts and practices as well as the technology that supports them.  You will also look closely at how these aspects integrate with the management of global organisations. 

The programme is accredited by the Chartered Institute of Management Accountants (CIMA) and the course tracks the CIMA syllabus.  When you successfully complete the course and pass the CIMA case study exam, you can claim exemptions from 11 CIMA exams (leaving 4 to complete). The programme is also accredited by EFMD, the leading international system of quality assessment, improvement and accreditation of business programmes. These accreditations are your assurance of the quality of the course.

You will study at Salford Business School, on the Peel Park campus, close to Manchester city centre.  Manchester is a vibrant financial centre and, with financial headquarters nearby, you will have plenty of opportunities for industry engagement and networking.

Six good reasons to choose Salford Business School:

  1. Look at the real accounting and finance problems faced by business
  2. Benefit from exemptions from 11 CIMA professional exams (subject to successfully completing the course and passing the CIMA case study exam)
  3. Study in a vibrant financial centre with excellent opportunities for industry engagement and networking
  4. Enhance your real-world learning on the Finance research project
  5. Multiple start dates to fit with your life priorities
  6. Beautiful campus just minutes from Manchester city centre
You will:
  • Study a practically-focussed course, learning from industry experts
  • Work with the appropriate tools of analysis to understand the basic mechanics of banks’ financial instruments
  • Develop your knowledge and technical skills of financial reporting
  • Examine the most important issues in corporate finance
  • Learn advanced management accounting techniques for decision-making
  • Follow your own areas of interest from a choice of optional modules
International

students accepted

Course accreditations

This is for you if...

1.

You have a degree in accounting, finance or similar and want to consolidate your knowledge and skills before entering the profession

2.

You work in accounting / finance and are looking to progress into a senior management role

3.

You are looking to expand your knowledge prior to setting out on the path of professional exams

Course details

All about the course

The programme is delivered full time across three semesters of 12 weeks each.  In the first semester, you will study two core modules; in the second semester, you will study 1 core and select 2 from the optional modules.  Face-to-face teaching is delivered on campus for 8 hours each week. You will also undertake independent study in your own time with online support through the University’s virtual learning environment, Blackboard.

Part-time students study alternate modules (one module on, one module off) to complete their degree in two years.

For the final third of your studies, you will work on your dissertation.  You will be allocated a supervisor who will mentor you through the Dissertation.

Download our course brochure.

Semester one

Financial Accounting and Reporting

This module will develop your knowledge and technical skills of financial reporting to new levels. You will get the skills needed to confidently voice the language of business and clarify reports to a wide variety of stakeholders. You will learn to make strategic business reporting decisions within the corporate environment; to test concepts, theories, principles; and crucially to apply this knowledge to real life scenarios.

You will be studying in an ethical environment so will apply your professional judgment and ethical principles to ethical dilemmas and discuss the consequences of unethical behaviour. You will be encouraged to draw upon and share their diverse cultural and managerial experiences.

Teaching:

  • Interactive lectures and seminars
  • Small group learning sets will be used as the basis for problem-based learning scenarios designed to include case studies, class-based activities, research articles and web-based materials
  • Guided personal study supported by associated reading list, lecture notes and relevant research articles

Assessments:

25%        Data analysis project
75%        Exam

 

Corporate Finance

The primary goal of this module is to provide an integrated overview of the most important issues in corporate finance from the point of view of a manager of a non-financial corporation in today's competitive environment.  It provides a starting point for a successful career in finance.

During your studies, you will examine a range of topics including corporate organisation and governance; risk and return; corporate restructuring; and mergers and acquisitions. Your learning will be based on corporate financial management strategies in an international world.

You will be encouraged to draw upon and share your own cultural and managerial experiences.

Teaching:

  • Interactive lectures and seminars
  • Small group learning sets will be used as the basis for problem-based learning scenarios designed to include case studies, class-based activities, research articles and web-based materials
  • Guided personal study supported by associated reading list, lecture notes and relevant research articles

Assessments:

25%        Group case study report
75%        Exam

Semester two

Management Accounting

The module will equip you with advanced management accounting techniques for decision-making, planning, control and performance measurements.  The concept of costs is discussed and how different costing systems can be used for different purposes with implications on decision-making, calculating full-production cost, price setting and budgeting.  You will also look at account and control for inventory based on different methods.  The importance of performance measurement and how this can be implemented is discussed.  This module also equips you with capital investment appraisal methods with particular focus on environmental implications.

Teaching:

  • Lectures to introduce methods and techniques
  • Seminars to develop and extend learning
  • Student-led discussion of study material and solutions to exercises and case studies
  • Guided personal study supported by associated reading list, lecture notes and relevant research articles

Assessments:

25%        Technical case study
75%        Exam

Optional modules: choose two from:

Corporate Governance and Ethics

The global financial crisis that started in 2007 increased the urgency of the search for a better ethical framework and governance for business. An increase in the range, significance and impact of corporate social and environmental initiatives in recent years suggests the growing materiality of a more ethically informed approach. There are increasing indications of large corporations taking their ethics and corporate governance responsibilities more seriously, and of these issues becoming more critical in the business agenda.

This module will thus give you the opportunity to explore issues in corporate governance and ethics and the important role of the board of directors in improving governance and in embedding a more ethical approach in organisations.

Teaching:

  • Lectures to communicate key knowledge of corporate governance concepts
  • Seminars to explore and apply this knowledge to real corporate governance contexts.
  • Case studies, practical exercises, ethics vignettes and guest speakers and/ or study visits
  • Guided personal study supported by associated reading list, lecture notes and relevant research articles

Assessments:

100%        Individual essay

FinTech

This module looks at the latest developments in the area of Financial Technology. It starts by discussing the nature of blockchains and the innovation in financial services that are likely to take place in the coming years. It then examines the importance of modern cryptography and explores cryptocurrencies such as Bitcoins and how they are mined. This module makes use of real-world examples of how FinTech is already having an impact on the way the financial services are affected. Finally, it looks at examples of how different countries have reacted to the use of cryptocurrencies through government press releases.

Teaching:

  • Interactive lectures and seminars
  • Small group learning sets will be used as the basis for problem-based learning scenarios designed to include case studies, class-based activities, research articles and web-based materials
  • Guided personal study supported by associated reading list, lecture notes and relevant research articles

Assessments:

100%      Individual report

International Finance

The module will enable you to devise ways of protecting a business from international risk. This will firstly include an understanding of the importance of exchange rates in assessing international interest and inflation rates and their effect on international trade; secondly, the role of derivative instruments and their application to hedging strategies to insure against excessive price volatility including the use of options, futures and swaps; thirdly, international risk reduction through structuring a business, invoicing policy and cash management. Finally, the module examines macro issues including crises, country risk analysis, theories of international trade and the balance of payments.

Teaching:

  • Interactive lectures and seminars
  • Small group learning sets will be used as the basis for problem-based learning scenarios designed to include case studies, class-based activities, research articles and web-based materials
  • Guided personal study supported by associated reading list, lecture notes and relevant research articles

Assessments:

100%      Data analysis report

Banking and Financial Regulation

Banks play a major part in funding companies and by extension in economic development. Their increasing importance has led to regulation on an international level that affects all banking operations both large and small throughout the world. These major developments over the last 20 years make banking a fundamental part of understanding finance and the nature of the regulatory regime. You will have the opportunity to evaluate the performance of a bank as well as to analyse loan data and assess loan products. This allows you to appreciate the problems of lending, issues that are fundamental to all businesses.

You will look at the macro banking environment, study bank regulation and analysis, consider how bank management helps you to manage risk and learn about current issues in banking such as money laundering and internet banking.

Teaching:

  • Interactive lectures and seminars
  • Student activities and discussions
  • Guided personal study supported by additional reading list, lecture notes and relevant research articles

Assessments:

100%      Group report based on a case study

Semester three

Finance dissertation

This module supports your work on the research project which completes your degree.  Under the supervision of a subject specialist, you will complete independent research into a topic of your choice.

To prepare you with the qualitative and quantitative analysis skills you will need for your research project, you will also attend a research skills class for two hours per week throughout Semesters 1 and 2.  This module takes a hands on approach and is practically oriented.

Assessments:

100%      Research proposal
85%       13,000 word dissertation

Please note that it may not be possible to deliver the full list of options every year as this will depend on factors such as how many students choose a particular option. Exact modules may also vary in order to keep content current. When accepting your offer of a place to study on this programme, you should be aware that not all optional modules will be running each year. Your tutor will be able to advise you as to the available options on or before the start of the programme. Whilst the University tries to ensure that you are able to undertake your preferred options, it cannot guarantee this.

What will I be doing?

75%

Pass rates, 2019-20

26%

Merits

68%

Distinctions

TEACHING

The teaching on all our postgraduate programmes is based on the following principles:

  • Developing the leader/manager of the future
  • Professional competence
  • Global thinking
  • Ethical, responsible and sustainable practice.

We use a wide range of approaches to teaching to help you learn. Typically a module will include a mixture of activities: generally based around interactive lectures, dealing with a number of specific topics. The tutor introduces and explains key concepts and learning points, which are consolidated by class discussion and case study analysis to help your understanding and to prepare for assessment. You will be encouraged to offer examples from your own experience of work.

In addition, you will get an outline syllabus content and associated reading list at the start of the module which will be the basis for your self-directed study.

An important principle of the learning and teaching strategy is to develop you as a reflective practitioner able to understand your own motivations and abilities.

International student? Returning to study? Making the leap from undergraduate study? Whatever your circumstance, we will support you to move into postgraduate study. Find out more.

ASSESSMENT

Over the duration of your course a range of assessment techniques will be used. Types of assessment include; essays, assignments, exams, multiple choice tests, online tests, group reports, and portfolio work. The weighting between exams and coursework varies between modules and years, but exams still play a major role.

Why Choose Salford Business School?

Salford Business School aims to foster the next generation of leaders and create a new vision of innovative and entrepreneurial leadership. We are integrated into the local business community as a hub for knowledge creation and exchange.

This means that our teaching is highly practical and your learning is informed by our industry partners. Every postgraduate course includes a work placement or work experience project in the UK or internationally so you can put your learning into practice before you graduate. We are proud that our industry collaborations and partnerships benefit students, businesses and the community.

With multiple start points for our degrees, you can choose when to start your studies so that they fit with your life priorities. We want you to succeed in your studies and in your profession so we provide the support you need to achieve your aims.

Our goal is to prepare you for a fulfilling life and professional career. Along the way, you’ll learn to be curious, adaptable and confident, ready to meet the digital, ethical and sustainability challenges of the 21st century.

Is Business a Science or an Art?

At Salford Business School, our postgraduate degree award is the Masters of Science (MSc) to reflect our approach to business knowledge. We believe that business decisions should be data-driven and evidence-based – even when the outputs are innovative and creative.

Where will I learn?

Salford Business School is located at the heart of the University’s beautiful Peel Park campus and just minutes from Manchester city centre. Teaching facilities include Lady Hale and Chapman buildings, which offer stylish modern spaces with lecture theatres equipped with the very latest technology and large screen displays. Throughout campus, there is a choice of individual study areas, communal learning and breakout spaces, plus a selection of food outlets.

The University library isn’t just for reading books.  The ‘library in the park’ is a fresh, modern learning space with PC suites, Mac computers, bookable working rooms and café.  It's open 24/7 everyday of the year (except Christmas Day!) so you can study when it suits you. It'll be an important place for you; in 2020, 100% of students asked agreed that the library resources have supported their learning (University of Salford analysis of unpublished NSS 2020 data). 

You will have access to a range of study skills sessions to help you get ready for postgraduate  learning and be successful in your studies and in your work. These include academic writing, research and digital skills.

A dedicated Business School Employability team will help you with work placements and work skills. You can access our professional, on-campus employability services at any time – even after you graduate. We can help you to create the perfect CV and LinkedIn page, as well as practice interview techniques and offer career advice.

Interested in starting your own business? Launch@ Salford is the incubation centre for business start ups providing a reception area, hot desk office space, private meeting rooms – and a networking lounge where you can grab a coffee and make those business connections.

 

The library in the park

Having undergone a £6.2 million refurbishment, Clifford Whitworth Library is a truly modern learning space with PC suites, group study rooms, silent study areas, access to specialist publications and much more. Based at the centre of the Peel Park campus, the library is open 24/7, all year round. In addition to Clifford Whitworth Library, there are several study spaces on campus.

Our library staff will support you with the extra study skills you need to succeed at postgraduate level whether you are moving straight on from undergraduate study or returning to education after a break.

Programme Leader

Marijeta Sadiku holds both a BSc (Hons) and MSc in Accounting and Finance as well as a PGCE in education. A member of AAT, she is ACCA exam-qualified and has been an assistant examiner for the ACCA for more than 10 years. With more than 17 years' experience in teaching finance and accountancy courses, Marijeta has also for 6 years, alongside her teaching career, provided accounting services and financial management advice to small businesses and charities in practice. She has previously set up and led a curriculum design and development of professional accounting courses that incorporate self-study workbooks and online resources. Marijeta’s teaching portfolio covers the areas of taxation, financial accounting, financial and corporate reporting.

Getting here

University of Salford is easy to get to with Salford Crescent train station right in the centre of our main campus. Whether by bus, rail, bike, car or plane, Peel Park campus is easily accessed from all over Greater Manchester, Lancashire and beyond. For international students, Manchester airport is a short ride away and offers regular flights from London and many international airports.

Get more information about your options for commuting

Employment and stats

What about after uni?

This is an advanced degree in corporate finance and can lead you to a wide range of career opportunities and roles, such as finance director, new business development manager, treasury manager, financial controller, financial planning manager, stock market financial analyst, funds portfolio manager, and global hedge fund manager. It also provides a thorough preparation for academic research in finance and corporate finance.

On successfully finishing this programme, you will be equipped with the skills and understanding necessary to effectively and efficiently perform tasks in a managerial or consulting role. As well as your academic learning, you will develop your ability to work well in teams and independently, to evaluate critically, think creatively and communicate effectively with respect to issues in the industry; and to recognise good practice in the analysis, planning and management of international banking and finance products and services. You'll also develop an advanced level of understanding of research methods and their application to a wide range of international banking and finance problems.

A taste of what you could become

A professional accountant

A finance director

A finance director

A financial planning manager

A fintech product manager

A compliance expert

Career Links

The University of Salford grew out of the institutes of the late 19th century that provided a talented, technically proficient and professional workforce to support the UK’s rapidly growing industries. In the 21st century, this still holds strong. Whilst industry has changed significantly, the need for industry-focused education is equally relevant today.

We teach the skills that employers need and as a result, our graduates enjoy excellent international career prospects.

The curriculum across our postgraduate courses balances academic teaching and professional experience. Our industry partners give us their input into the curriculum so that the teaching reflects industry’s current and future needs and you develop the skills that employers want. The Industry Collaboration Project, which forms the final third of your study, is designed to give you real-world experience so you can apply the theory you have learned.

Requirements

What you need to know

APPLICANT PROFILE

This programme is designed for graduates with an academic background in accounting, finance or economics. Alternatively, sufficient and suitable work experience within accounting or finance will also be considered. 

The course is designed for those aspiring to work within accounting and finance and exposes you to a variety of operational and functional concepts and practices.  This supports you to gain a greater appreciation of the operational, functional and global aspects of accounting and finance. 

The MSc is the only route available for international students. Find out more about the dedicated support for international applicants, visit www.salford.ac.uk/international.

ENGLISH LANGUAGE REQUIREMENTS

All of our courses are taught and assessed in English, so as an applicant you must meet our minimum English language entry requirements. An IELTS score of 6 (no element below 5.5) is proof of this however we accept a range of equivalent qualifications.

We also offer several English language courses which help you gain entry onto our degrees. For more information go to salford.ac.uk/international/english-language-requirements

Standard entry requirements

Undergraduate degree

A minimum 2:2 honours degree or equivalent in accounting, finance or similar.

A wide range of professional qualifications are also accepted either in partial or complete fulfilment of entry requirements.

Where a student has gained a recognised honours degree but does not meet the normal entry qualification requirement, they may still be considered for entry if they can demonstrate relevant work experience of a minimum two years duration post study and acceptable level of responsibility.

Alternative entry requirements

Accreditation of Prior Learning (APL)

We welcome applications from students who may not have formal/traditional entry criteria but who have relevant experience or the ability to pursue the course successfully.

The Accreditation of Prior Learning (APL) process could help you to make your work and life experience count. The APL process can be used for entry onto courses or to give you exemptions from parts of your course.

Two forms of APL may be used for entry: the Accreditation of Prior Certificated Learning (APCL) or the Accreditation of Prior Experiential Learning (APEL).

How much?

Type of study Year Fees
Full-time home 2021/22 £8,100per year
Full-time international 2021/22 £15,030per year
Part-time 2021/22 £1,350 per 30 credit module
Full-time home 2022/23 £8,280per year
Full-time international 2022/23 £15300per year
Part-time 2022/23 £1,380 per 30 credit module

Fees for PgDip (4 x 30 credit modules) and PgCert (2 x 30 credit modules) are based on the fee shown above for part-time per 30 credit module.

Additional costs

For more information please see our funding section.

You should also consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.

Scholarships for international students

If you are a high-achieving international student, you may be eligible for one of our scholarships.
 
We have a range of scholarships available for students applying for courses in 2020-2021 and 2021-2022. Our Global Gold Excellence Scholarship is worth £3,500 and our Global Silver Excellence Scholarship is worth £3,000 - both are available for students studying in our 2021/22 intakes.

We also offer the Salford International Excellence Scholarship which offers up to £5,000 discount on tuition fees. As this is a prestigious award we have a limited number of these scholarships available.

See the full range of our International Scholarships.

Apply now

All set? Let's apply

Still have some questions?  Contact us:

By email (UK applicants): enquiries@salford.ac.uk

By email (international applicants): international@salford.ac.uk

By phone:  +44 (0) 161 295 4545

Enrolment dates

September 2021

January 2022

September 2022