Accountancy and Finance is a useful combination of subjects to help you prepare for a career in international finance, business, politics, media or many other sectors. You will gain a thorough grounding in the theory and practice of accountancy, set within the wider perspective of the principles of finance and how organisations operate within a fast-changing global economy.
You will gain a thorough understanding of accountancy and develop the analytical and evaluation skills required to process accounting information in a modern economy. In Finance, you will learn about crucial areas such as financial management, corporate finance, personal finance, financial institutions, derivatives, and the stock market. You will learn about financial problems and become adept in understanding and using information from financial newspapers and documents.
Your skills will develop in a dynamic learning and research environment, inspired by staff who are internationally known for their leading research in accountancy, finance, economics, and business management. You will thrive in the dynamic environment of our campus and will be supported by teaching staff who will help you develop as an individual and set you on the road to a brilliant career in business, or whichever path you choose.
Please note: MA (Hons) is equivalent to a Bachelor degree with Honours.
At a glance
What You'll Study
We will endeavour to make all course options available; however, these may be subject to timetabling and other constraints. Depending on start date, courses may vary or change.
- Year 1
Academic Practice for Study (QB 1001) Introductory course focusing on developing academic practice skills. English for Academic Purposes (QB 1002)
This course aims to provide students with relevant competencies and skills in the use of English for academic purposes, to critically engage with reading and listening material, and to develop skills for analysis and critical assessment.
Culture, Society and Business in the Twenty-first Century (QB 1003)
The Business, Culture and Society course is designed to cover broad issues and trends in business, and to do this in a way that encourages students to understand what is that makes up appropriate university level practice.
Data, Information and Knowledge for Business (QB 1004)
This course aims to equip students with the foundational academic and practical skills to enable the further study of business, finance, statistics, and economics.
Introduction to Accounting (QB 1501)
This is an introduction to accounting which aims to provide an understanding of how organisations – particularly small and medium sized businesses – capture, create and use accounting information both to guide their activities internally within the management function and to communicate their financial performance and position to external users of the accounts. This course allows students to develop practical and analytical skills through a problem-solving approach to accounting-related aspects of business performance reporting and control, particularly in relation to bookkeeping, accounts preparation, budgeting and management accounting.
Introduction to Economics (QB 1502)
The course is an introduction to Economics and aims to develop an understanding of the economics of the markets at a microeconomic level and the economy at the macroeconomic level. It will include the study of the behaviour of economic agents such as consumers, workers, households, firms, central banks and governments. It seeks to investigate how objectives such as utility, social welfare, profits, GDP and growth are pursued. The course allows students to acquire skills in positive analysis to gain a deeper understanding of the factors determining trade in markets, whilst also start to develop some of the normative analytical policy tools, with attention given to optimal industry specific, monetary and fiscal policy recommendations.
Introduction to Finance (QB 1503)
This foundation course in finance, risk and investment is the requisite for several degree programmes and for level 2 real estate and finance courses. The module considers the nature and operation of investment markets, focusing on three asset classes; shares, bonds and real estate. It looks at the characteristics of these investment options in terms of their risks and returns. The module introduces basic financial mathematics: time value of money, calculation of present values and investment rates of return. Finally, it considers the role of financial institutions and regulatory bodies in personal finance, where consumers and financial markets interact.
Introduction to the Management of Organisations (QB 1504)
A level 1 Introductory course to introduce theoretical and management concepts of organization in order to develop and understanding of their relevance and application in today’s world of business.
- Year 2
Marketing (QB 2007)
This course provides students with an overview of the underpinning concepts of marketing, and the requirements for the development of a market oriented organisation. Specifically introduces the basic concepts of buyer behaviour, market research, the marketing mix and the strategic context of marketing. The linkages between marketing and other key functional areas of management, notably operations and human resource management are highlighted by this course, encouraging the adoption of a systems perspective.
Management Accounting 2 (QB 2002)
This course extends the operational tools and techniques introduced in AC1514. It develops more complex problem-solving techniques in the planning, control and decision-making process. It shows how quantitative methods and analytical techniques can be applied in management accounting solutions to management problems. It also emphasises the diverse industrial, commercial and not-for-profit settings in which management accountants work. It seeks to develop in students an understanding the organisational context as well as the nature of management accounting information. The focus is to enhance studentsâ€™ problem-solving and communication skills, and develop their ability to select and apply appropriate techniques in specific contexts.
Personal Investment (QB 2003)
The objective of the course is to introduce the concept of personal financial management. This is done by developing financial awareness and capability in evaluating contemporary products of the financial services industry through an understanding of the industry's institutions, regulation, marketing and products. The aim is to give students the knowledge that they need to make long term decisions about their own and other people's finances that will increase life-time wealth. They will also learn about the role of the financial advisor and the qualifications required both from the perspective of a consumer and as a potential career option.
Finance 2: Business Finance (QB 2004)
The main aim of this course is to develop a sound understanding of fundamental principles underlying the theory and practice of finance, thereby providing a strong basis for further study of advanced finance theory and cognate disciplines. The course introduces students to important concepts in finance: principles of assets pricing, concept of risk and return, theory of interest rates and pricing fixed income securities, evaluation of investment project with a focus on embedded real options. It equips students with good analytical skills in order to understand the implications of financial decisions by understanding the fundamentals that govern them.
Financial Markets and Regulation (QB 2501)
This course provides students with an understanding of the financial system, primarily from a UK perspective, introducing students to the reasons for, and nature of, financial markets and institutions before moving on to explore the need and importance of financial regulation, and investigating the causes and consequences of the recent global financial crisis. The course will introduce students to a variety of topics including the role of wholesale and retail banks, non-bank financial institutions, the debt and equity markets, and the derivative markets; market efficiency, UK and international regulation, consumer protection and market abuse.
Financial Accounting 2 (QB 2502)
The objective of FA2 is to build upon material introduced in first year in order to develop students' technical skills in financial statement preparation. Students will gain an appreciation of the regulatory framework for financial reporting. They will examine the usefulness of financial statement information, by looking at the form and content of accounts produced by partnerships and public limited companies. Students will explore how to account for basic transactions through the implementation of current accounting standards and apply their knowledge in both the manual and the computerised environment, the latter through the SAGE accounting package.
Business Law (QB 2503)
This course is designed to provide non-LLB students with an understanding of the main issues in business law. Topics will cover elements of the Scottish law and legal system concerning Contract Law (including the unfair contract terms), Agency, Delict Employment Law, Intellectual Property, Trusts, Partnership and Company Law.
Understanding Statistics (QB 2504)
This course aims to provide students with an understanding of statistical concepts and methods relevant to accounting, management, finance, real estate and economics.
- Year 3
Financial Accounting 3 (QB 3001)
This course builds upon the material in Financial Accounting 2. The aim of the course is to strengthen practical and analytical accounting skills through the study of accounting problems and to develop the ability to critically appraise conventional accounting practice through an understanding of alternative accounting theories and their application to topical issues in financial accounting.
Management Accounting 3 (QB 3002)
Building upon the material in Management Accounting 2, the course examines in greater detail behavioural, managerial, and strategic aspects of management accounting and management control.
Finance 3: Corporate Finance (QB 3003)
This course introduces students to a number of areas of corporate finance including examining capital structure theory, project valuation models, the financing decisions of the firm, and corporate restructuring (including reorganisations and mergers and acquisitions). The main aim of the course is to equip students with good analytical skills in order to understand the implications of corporate financing decisions by understanding why companies behave the way they do with respect to financing choices and how this interacts with the real world financial markets, and to enable students to understand the theoretical underpinnings of corporate finance theory.
Audit Practice (QB 3507)
This course aims to develop the students’ knowledge, understanding and critical awareness of the audit techniques, judgements and practical skills associated with a financial statement audit. The context of the course reflects both the UK and International legal, regulatory and ethical framework.
Taxation (QB 3508)
The aim of this course is to provide knowledge and understanding of the UK tax system and its administration. Students will gain an appreciation of direct taxes payable on income, profits, and other gains by both individuals and by corporations, and indirect taxes on spending. Knowledge application of the different taxes within the UK taxation system will be achieved by solving tax problems and computing tax liabilities.
International Financial Management (QB 3505)
Multinational corporations face a range of risks in an international setting, including exchange rate, political and financing risk. The course considers the complexities of financial management in these settings. It aims to develop students understanding and ability to apply finance theory to international financial management.
This course will develop student skills in the analysis of issues including globalisation and the multinational corporation; foreign exchange markets and exchange rate determination; international capital markets, debt and banking; risk management and foreign currency derivative securities.
- Year 4
Financial Strategy and Investment Management (QB 4003)
Covering the intellectually and commercially fertile ground at the accountancy/finance interface. Considering financial analysis from both theoretical and practical angles. Do you need to understand financial reporting to be an investor? How should we assess the success of an acquisition? Why do accountants think mergers don’t exist? How do companies decide on financing strategies? Does corporate governance and ethics really matter – do share prices react to it? These are some of the questions we will address alongside using DataStream and the ThomsonReuters Eikon system. The course might give you some ideas for your dissertation too.
Accounting and Sustainability (QB 4007)
Sustainability, both in its ecological and social dimensions, has now become a challenge that concerns all types of organisations across the world. The media coverage has raised awareness among the general public on different aspects of sustainability and new regulations are emerging on this issue. Thus, a well-structured accountability system capable of managing and disclosing sustainability impact of organisational practices is an essential element for the successful sustainable organisation. Disclosure is an important part of the accountability process. Social and environmental accounting explores how organisations can disclose information to various stakeholders pertaining to issues such as: socially responsible investments, human rights, climate change and other environmental matters. Reporting and auditing of information on sustainability issues are a relatively new practice in the accounting field but rapidly growing in relevance. Managers will be required to deal with these issues on a frequent basis. Thus, this course will build up strong employability skills.
Audit Theory and Evolution (QB 4010)
This course builds on the knowledge and understanding gained in Audit practice in year 3. It will explore the historical context and current professional, regulatory, ethical and societal challenges and developments facing the audit and assurance profession. As such it contextualises financial statement audit within the expanding audit universe. A main objective of the course is to provide an opportunity for students to think critically about the state and future direction of audit as a profession.
Dissertations in Accountancy (QB 4501)
All Accountancy and Finance students must undertake a dissertation. Students taking a joint degree may undertake the dissertation in either discipline, but not both.
Dissertation in Finance (QB 4502)
All Accountancy and Finance students must undertake a dissertation. Students taking a joint degree may undertake the dissertation in either discipline, but not both.
Business Strategy Accounting History (QB 4505)
This course is about business strategy and covers a broad range of topics that come under the general heading of “Business Strategy” or “Strategic Management”. The course has been designed to help you gain an understanding of the key areas of strategic management including an understanding of: what strategic management is and why it is important; the different types of strategic analysis tools available; the difference between corporate, business and functional strategy; the complex issues associated with the implementation of strategy; the concept of strategic fit; and the role for strategic leadership in shaping and implementing strategy.
Corporate Governance (QB 4512)
Is knowing the history of accounting useful? Would it make it easier to be an accountant? Would you understand business better? Would you be a better accountant? “Yes”. This course will show you why. In accounting history, we strip back the façade that surrounds accounting. Revealed are the business-driven needs and the financial reporting needs that led us to where accounting is today. You will understand why what accountants do is indispensable, from perspectives only history can bring.
Professional Ethics (QB 4513)
Corporate governance has become one of the most significant challenges for organisations and for the managers who work within them. The reasons for this include high-profile corporate scandals, conflict of interests, manipulations of financial statements, ethical dilemmas, crises like the global financial crisis, credit crunch or even pandemic, and a growing need to demonstrate corporate accountability, transparency and ethical practices. The “Corporate Governance and Professional Ethics” course will deepen students understanding and stimulate critical thinking in these areas. Students will have the opportunity to practise problem-focused decision-making on a range of governance and ethical issues that affect the operation of contemporary organisations. The course will be of benefit if students wish to develop further insights into good corporate governance system and professional ethics as part of their career development.
In Year 4, second half session, you have the option of:
- Dissertations in Accountancy (QB 4501) OR Dissertation in Finance (QB 4502)
- Business Strategy Accounting History (QB 4505) OR Corporate Governance (QB 4512) AND Professional Ethics (QB 4513)
How You'll Study
Students are assessed by any combination of three assessment methods:
- Coursework such as essays and reports completed throughout the course.
- Practical assessments of the skills and competencies they learn on the course.
- Written examinations at the end of each course.
The exact mix of these methods differs between subject areas, years of study and individual courses. Honours projects are typically assessed on the basis of a written dissertation.
Why Study Accountancy and Finance?
- 4th best UK university for Accountancy and Finance (The Complete University Guide 2021).
- Our degree programmes are accredited by the Ministry of Education and Higher Education.
- Your pathway to a broad range of Accountancy and Finance careers.
- Financial Accountant/Controller
- Management Accountant
- Financial and Investment Analyst
- Financial Advisor/Consultant
- Auditor/Tax Officer
- Chartered Accountant
- Applications for advanced entry will be reviewed on a case-by-case basis.
- The tuition fee for entry in September is 89,000 QR per year.
- Tuition fees are fixed at the point of entry so there is no annual increase for returning students.
- Flexible payment methods are available.