MSc Accounting and Finance with CIMA
This master’s degree has been developed in collaboration with the Chartered Institute of Management Accountants (CIMA) and offers the opportunity for students to obtain in one year a master’s degree, a prestigious professional qualification (CIMA Advanced Diploma in Management Accounting) and the maximum 11 exemptions from CIMA’s certificate, operational and management level examinations.
The aim of the course is to provide students with both the necessary technical skills expected of a part-qualified accountant and the critical analysis skills expected of a master’s degree graduate.
- QMU is located in the UK’s second largest financial centre.
- This course offers professional exam exemptions from the Chartered Institute of Management Accountants.
- We want to ensure that your experience is not only student centred but is focused on you as an individual. As part of a smaller cohort of students, the academic team is able to get to know and support you as an individual. You will also form a close-knit group with your classmates who will come from a wide range of backgrounds and countries. You will be able to share experiences and learn from each other.
- The course is taught by professionally qualified (chartered accountants) academics with industry and research expertise.
This course will appeal to those who already have a background in accounting and finance and want to gain a master’s qualification and an accelerated route to chartered status. It will also appeal to people who are looking for a career change.
Students graduating with the MSc will have expertise in the key areas of financial reporting, management accounting and corporate finance and will also have critical awareness of how these areas contribute to a company’s strategic management. Additionally, you will develop your employability skills such as teamwork, leadership and oral communication skills.
As a student on this course, you have access to our on-campus Business Gateway and Business Innovation Zone (BIZ). This provides business incubation space for student/graduate-led start-up companies with access to: desk space, a QMU business address, meeting facilities, Business Gateway support and advice, a profile for your company on the QMU website, support with marketing materials, and access to entrepreneurial networks within QMU and other universities, for example, Enterprise Campus, Scottish Institute for Enterprise, Sporting Chance and Converge Challenge.
You can opt to study for the full MSc or a PgDip. You can also register as an associate student to complete a single module for CPD. On completion of a single module, you may wish to complete further modules and progress your studies to a named award.
MSc (180 credits)/PgDip (120 credits)/PgCert (60 credits)
Teaching, learning and assessment
Teaching comprises a combination of lectures, seminars, guest speakers, tutorials, case studies, software demonstrations, field trips and projects. Independent learning is also important, allowing you to prepare for classes and develop your research skills. Additionally, you will carry out a dissertation or a Business Consultancy in Practice project. Your performance on the course will be assessed by essays, reports, reflective logs, exams, presentations and a dissertation.
Teaching hours and attendance
Each module will require you to attend classes and carry out independent work. Most modules consist of two to three hours of class time each week of the semester.
We expect around 20 students to enrol on this course each year.
Industry links, accreditation and professional registration
The course has been designed in collaboration with the Chartered Institute of Management Accountants (CIMA), the world’s leading and largest professional body of management accountants, and offers the maximum number of exemptions from CIMA’s professional examinations.
Financial Reporting (20 credits) - This module is designed to build your understanding of mid-level financial reporting knowledge, improve your financial analysis skills and help you learn to prepare basic financial statements. The field of financial accounting is vast and with many speciality areas. This module does not require advanced specialised knowledge of any given area of financial accounting (such as taxation, auditing, etc.). Instead, this module attempts to build your general knowledge of financial reporting, to further your understanding of the most fundamental building blocks of the accounting and finance world.
Accounting for Managers (20 credits) - This module develops critical understanding of essential management accounting and finance topics within a business environment, to develop critical understanding of the importance of managing customer value parameters (cost, quality, and time) through management accounting practices for value creation.
Advanced Management Accounting (20 credits) - This module is designed to improve your expertise in management accounting, somewhat based on your learning in Accounting for Managers. CIMA is the world's largest management accountant professional body. To become CIMA qualified, you need to have a high level of understanding in the specialty area of management and cost accounting. This module is also crucial to your success in passing the global Management Level Case Study set by CIMA after your study is finished with QMU.
Fundamentals of Corporate Finance (20 credits) - This module aims to introduce students to relevant concepts in finance. Students will learn about the function of capital markets, the trade-off between risk and return, how to price financial assets and the importance of the way a firm finances its operations. The module is designed to develop numeracy and analytical skills.
Research Methods (20 credits) - module info to follow
Strategy and Leadership (20 credits) - module info to follow
Accounting or Finance Dissertation (60 credits)
The modules listed are correct at time of posting (Oct 2021) but are subject to change. In the event that modules change, QMU will seek to use reasonable endeavours to ensure that there is no detrimental impact on students.
Single modules for CPD
Available. Register as an associate student to study single modules in areas of interest. Contact Dr Mo Yan (MYan@qmu.ac.uk) for further information.
We expect our graduates to find employment in businesses, financial services, public sector organisations, consultancy practices and accountancy firms. Example job titles include: Accountant, Finance Manager, Finance Director, Investment Analyst, Risk Manager, Finance Planning Analyst, Wealth Manager. Additionally, students can start up their own businesses during the course with support from the University.
Applicants should have a UK honours degree or an overseas qualification of an equivalent standard in a related accounting/finance/business management area.
We also welcome applicants with an ordinary degree who can show a period of relevant post-graduation work experience or additional capabilities.
International: You will be required to provide evidence of English language competence at no less than IELTS 6.0 with no individual component score less than 5.5.
Accreditation of prior learning: You may be granted exemption from studying a module or modules up to a maximum of 60 credit points, provided you can demonstrate successful achievement of all the learning outcomes.
For International applicants only: Applications submitted after Friday 04th November 2022 will automatically be considered for the next available intake after January (which will be September).
Applications are still open to Home (UK and Republic of Ireland) applicants after this date.
September 2022 and January 2023
More information and contacts
Opportunities to meet us
View course presentation 2022
Fees and transitionary scholarships for postgraduate EU students in 21/22 and 22/23
As part of our management of the Brexit transition, for many of our courses, including this one, we have introduced an EU transitional scholarship for EU full-time postgraduate students commencing their studies on campus in academic years 2021/22 and 2022/23. This provides a 40% discount on international tuition fees. The scholarship is available to EU students for whom the international fee rate applies and covers the courses marked with a # in the Postgraduate Fees – Full-Time Study section of our Fees page. This transitional scholarship is not applicable to students from the Republic of Ireland, who will continue to be eligible for the home fee rate.
The delivery of this course is subject to the terms and conditions set out in our 2022/2023 Entry - Terms and Conditions (Postgraduate).
Teaching staff are subject to change.