MSc Accounting and Finance with CIMA
The MSc Accounting and Finance with CIMA will provide students with both the necessary technical skills expected of a part-qualified management accountant and the critical analysis skills expected of a master’s degree graduate. It is delivered either full or part-time.
This course has been developed in collaboration with the Chartered Institute of Management Accountants (CIMA), the world’s leading and largest professional body of management accountants. We are one of the few UK universities to fully collaborate with CIMA, enabling students to graduate with both a postgraduate qualification, the CIMA Advanced Diploma in Management Accounting, and maximum exemptions from CIMA professional examinations.
- Designed in collaboration with a professional body which qualifies you both academically and professionally: This collaboration with the Chartered Institute of Management Accountants (CIMA) offers the opportunity for students to obtain 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.
- Teaching expertise and care: The course is taught by professionally qualified chartered accountants and academics with industry and research expertise. With the small class size, you will be able to learn from a caring team of finance professionals who have your career development as a priority.
- Various career opportunities: By collaborating with CIMA, we are opening up our students to a host of roles in a professional capacity and you are not obligated to becoming an chartered accountant. This management accounting qualification is broad enough to lead to key roles in the areas of information management, consultancy, operations, commercial, executive and, of course, finance.
- Flexible study options: We offer full-time, part-time and single module study options as well as September or January start dates.
- An accessible route to a new career: This course has been designed in a way that allows students without a finance degree to apply but relevant accounting and finance working experience is preferred.
- Great location: QMU is located in the UK’s second largest financial centre. Not only does this pave the way for career opportunities on graduation, but also enables us to offer field trips and enlist guest speakers to enhance your learning experience.
- 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.
Who is this course for?
This course will appeal to those who already have some 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.
More about MSc Accounting and Finance with CIMA and what you will achieve
- 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.
- You will develop your employability skills such as teamwork, leadership and communication skills.
- You will be exposed to the financial professional environment to start your career transition while you study at QMU.
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 25 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): The Research Methods module aims to provide students with a deep understanding of the way that research is designed, conducted, and communicated and to use this to develop a viable proposal for future research.
- Strategy and Leadership (20 credits): In this fast-paced module, students will critically evaluate the concepts, frameworks and techniques of strategic management and leadership decision-making. Furthermore, students will synthesise competitive conditions, appraise corporate capabilities and consider strategies that lead businesses towards a sustainable and competitive advantage within contemporary industry.
If studying for an MSc, you will also complete a Capstone module (60 credits). This takes the form of either a 12,000-word Dissertation, a Business Consultancy in Practice project, or a Business Incubation Programme.
- Business Consultancy in Practice (60 credits): This is a hands-on practical project where you will work with a business on a live project, determine the project parameters, manage the project, and deliver a consultancy report recommending actions the company can implement. The module aims to develop excellent project and client management skills alongside high-level writing skills that include excellent reflective abilities.
- The Business Incubation Programme (60 credits):The aim of this module is to critically evaluate a range of nascent, micro and family businesses and to develop, through inception, investigation and planning, a new start-up business or social enterprise of your own design. You will work with mentors, QMU’s Business Innovation Zone (BIZ) and the on-campus Business Gateway to take your business from idea to reality
- Accounting or Finance Dissertation (60 credits): To enable students to develop, plan and critically evaluate a piece of research in the relevant degree subject related area, written up in the form of a dissertation. This offers the opportunity to conduct a substantial academic research project around a topic of choice.
The modules listed are correct at time of posting (October 2022) 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.
More information and contacts
Opportunities to meet us
Course presentation 2022
The delivery of this course is subject to the terms and conditions set out in our 2023/2024 Entry - Terms and Conditions (Postgraduate).
Teaching staff are subject to change.