MSc Accounting

Colchester Campus

 

INTAKE: October

Program Overview

The MSc Accounting program at the University of Essex provides students with a comprehensive understanding of accounting principles, practices, and techniques. It is designed to equip students with the necessary knowledge and skills to pursue a successful career in accounting, finance, or related fields. The program covers a wide range of accounting topics, including financial accounting, management accounting, auditing, and taxation.

  1. Financial Accounting: Students learn how to prepare and analyze financial statements in accordance with international accounting standards. They develop skills in interpreting financial data, evaluating the financial performance of organizations, and understanding the role of accounting in decision-making.

  2. Management Accounting: The program focuses on management accounting techniques used for planning, control, and performance evaluation within organizations. Students learn how to apply cost accounting methods, budgeting techniques, and variance analysis to support managerial decision-making.

  3. Auditing and Assurance: Students gain insights into auditing principles and practices. They learn about the role of auditors in examining and evaluating financial statements to provide assurance on their accuracy and reliability. Students also explore the ethical and professional responsibilities of auditors.

  4. Taxation: The program introduces students to the principles of taxation and the impact of taxation on business decisions. Students learn about the UK tax system, including corporate taxation, personal taxation, and tax planning strategies.

  5. Financial Analysis: Students develop skills in analyzing financial data and using financial ratios and performance indicators to assess the financial health of organizations. They learn how to interpret financial trends, evaluate investment opportunities, and make informed financial decisions.

  6. Accounting Information Systems: The program covers the design, implementation, and management of accounting information systems. Students learn how to use accounting software and understand the role of technology in facilitating accounting processes and financial reporting.

  7. Professional Ethics and Corporate Governance: The program emphasizes the importance of professional ethics in accounting practice. Students explore ethical dilemmas and ethical decision-making frameworks. They also learn about corporate governance principles and the role of accountants in promoting transparency and accountability.

Pollster Education

Location

Colchester Campus

Pollster Education

Score

IELTS 6.5

Pollster Education

Tuition Fee

£ 20350

Postgraduate Entry Requirements:

  • Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of  50 to 55% or equivalent.
  • English language proficiency is required, and applicants must provide evidence of their English language skills through an approved language test.
    • IELTS: A minimum overall score of 6.5 with no individual component below 6.0.
    • TOEFL: A minimum overall score of 90.
    • PTE Academic: A minimum overall score of 62 with no individual score below 51.
  • Some postgraduate programs may have specific subject prerequisites or additional requirements.

Students must provide:

  • academic marksheets & transcripts
  • letters of recommendation
  • a personal statement - SOP
  • passport
  • other supporting documents as required by the university.

Work experience: Some postgraduate courses may require relevant work experience in the field.

It is important to note that entry requirements may vary across different programs and courses. Additionally, meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as the number of available places and competition for certain courses.

The University of Essex offers a range of scholarships and financial support options to assist students in their academic journey. These scholarships are designed to recognize and reward academic excellence, promote diversity and inclusion, and provide assistance to those facing financial challenges.  

  1. Academic Excellence Scholarships: The university offers scholarships to outstanding students who demonstrate exceptional academic achievements. These scholarships are typically merit-based and provide financial support towards tuition fees or living expenses.
  2. International Scholarships: The University of Essex provides scholarships specifically designed for international students. These scholarships aim to attract and support talented students from around the world. Eligibility criteria and award amounts may vary, and they may cover a portion of tuition fees or provide assistance with living expenses.
  3. Subject-specific Scholarships: Some departments and schools within the university offer scholarships tailored to specific academic disciplines. These scholarships are often awarded to students with exceptional academic records or those who demonstrate a strong commitment to their field of study.
  4. Access and Participation Scholarships: The university is committed to promoting diversity and inclusion. It offers scholarships and financial support to students from underrepresented backgrounds, including those from low-income families or individuals who are the first in their family to attend university.
  5. Government-funded Scholarships: In addition to internal scholarships, the University of Essex provides information and guidance on scholarships and funding opportunities offered by external organizations and government agencies. These scholarships may be available to students based on factors such as nationality, field of study, or research interests.
  6. Sports Scholarships: The university recognizes the importance of sports and offers scholarships to talented athletes who demonstrate exceptional sporting abilities. These scholarships provide financial support along with access to sports facilities, training programs, and dedicated support services.

It is important to note that scholarship availability, eligibility criteria, and application processes may change over time. 

Graduates of the MSc Accounting program have excellent career prospects in various sectors. 

  1. Chartered Accountancy: Graduates can pursue professional accounting qualifications, such as ACCA (Association of Chartered Certified Accountants) or ACA (Associate Chartered Accountant), and work in public accounting firms. They may provide auditing, taxation, and consulting services to clients.

  2. Financial Analysis: Graduates can work as financial analysts, analyzing financial statements, conducting financial research, and providing insights to support investment decisions. They may work for banks, investment firms, or corporate finance departments.

  3. Management Accounting: Graduates can pursue careers in management accounting, working for organizations to support strategic planning, budgeting, and performance evaluation. They may become management accountants, financial controllers, or financial analysts within companies.

  4. Internal Audit: Graduates can work in internal audit departments, ensuring compliance with internal controls, evaluating risk management processes, and providing recommendations for process improvements.

  5. Tax Advisory: Graduates with a specialization in taxation can work in tax advisory roles, providing advice to individuals and businesses on tax planning, compliance, and optimizing tax efficiency.

  6. Financial Reporting: Graduates can work in financial reporting roles, preparing and analyzing financial statements, ensuring compliance with accounting standards, and liaising with external auditors.

  7. Financial Services: Graduates can pursue careers in the financial services sector, including banking, insurance, and investment management. They may work in roles such as financial consultants, risk managers, or investment analysts.

  8. Public Sector and Non-profit Organizations: Graduates can find opportunities in the public sector or non-profit organizations, working in finance departments, auditing bodies, or government agencies.


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