Overview

The details

Course: International Accounting and Banking

Start date: October 2021

Study mode: Full-time

Maximum duration: 1 year

Location: Colchester Campus

Based in: Essex Business School

This course equips you with in-depth financial knowledge and the practical skills needed for a rewarding career in accounting or banking in multinational organisations.

Our MSc International Accounting and Banking is a unique degree amongst UK universities, giving you a competitive edge by combining theory and practice with real-life examples. You gain an advanced understanding of contemporary accounting and banking issues and produce a business report on a listed company. You develop your ability to research issues, analyse and solve business problems and operate effectively in a fast-paced international business environment.

Whether you have a first degree in accounting, or are looking to study the subject for the first time, this course is for you if you’re looking for a career in international organisations, such as banks, accountancy firms, accountancy and finance departments or business consultancy.

You explore topics including:

international management accounting
international financial reporting
corporate reporting and analysis
modern banking
bank strategy and risk

Essex Business School, where this course is taught, is an internationally diverse place to study, with more than half of our staff and students joining us from overseas (our Masters students currently join us from more than 40 countries). As a result, this course is informed by a wide range of global perspectives, preparing you for the demands of an international career in accounting or banking.

You'll learn from world-class thinkers who embed the latest academic thinking into their teaching to ensure you experience the cutting-edge of your discipline.

Our MSc International Accounting and Banking is also available to study part-time and you may be eligible for scholarships and discounts offered by the University of Essex.

Professional accreditation

Accredited by the Association of Chartered Certified Accountants (ACCA) for the purpose of exemptions from some professional examinations.

Completion of this course gives you accreditation exemptions from up to four professional examination papers with The Association of Chartered Certified Accountants (ACCA).

This means that you are able to gain a professional qualification more quickly by taking fewer exams when you graduate, giving your career a head start.

Why we're great.

One-of-a-kind course amongst UK universities
You don’t need a first degree in accounting for this course
Rated in the UK’s top 25 for research excellence (REF, 2014)

THE Awards 2018 - Winner University of the Year

Our expert staff

Our expert staff possess a wealth of experience from around the globe and are at the forefront of accounting and banking research and debate.

We’re home to industry renowned figures, such as Emeritus Professor of Accounting Prem Sikka. Prem is a leading thinker on issues surrounding tax avoidance and his work has been quoted in The Guardian, The Huffington Post and The Independent.

The University of Essex is also ranked in the top five UK universities for social science research (REF, 2014). Our work is informed by a broad range of social science theories and concepts to tackle challenges currently being faced by organisations across the commercial, public and third sectors.

We’re recognised for our work on:

business ethics
corporate social responsibility
organisation studies
leadership and strategy
finance and banking
risk management
international management

Specialist facilities

The Essex Business School building at our Colchester Campus is the first zero carbon business school in the UK, reflecting our commitment to sustainable business practices. The building provides a modern working environment for staff and students, and includes:

a virtual trading floor, so you can practise managing stocks and securities with our Bloomberg Financial Market Labs
light and spacious lecture theatres
group working areas
networking opportunities with visiting businesses
Bonds café, next to our sun terrace
a winter garden, which contributes to the building’s own micro-climate

Our building is located on the Knowledge Gateway, home to some of the region’s most exciting enterprises in the science, technology and creative sectors. The Knowledge Gateway provides potential networking and career opportunities for students directly on campus.

Your future

We develop your creativity, innovation and ethical awareness to prepare you for a successful business career. Our Masters courses foster the business leaders of the future, equipping them with the skills to handle the many challenges the international world of business continues to present.

As well as exploring their own entrepreneurial ventures, our graduates have gained fulfilling roles in financial analysis, management, public administration and accountancy. 93% of our Essex Business School students are in employment or further study (Graduate Outcomes 2020).

Essex Business School graduates have progressed to work for high-profile organisations and innovative SMEs, such as:

PwC
Hiscox
Access Group
Bank of England
EY
Credit Data Research, SME finance provider
Footprint Digital, a fast-growing digital marketing agency

We’re also proud of our student entrepreneurs, including international business incubator 0100Ventures and entrepreneurship website SlovakSTARTUP.

Alongside the University’s Employability and Careers Centre, our own EBS Employability Team will encourage you to enhance your study with work experience, internships, placements, and voluntary opportunities.

Entry requirements

UK entry requirements

A 2:2 degree in any discipline. your degree must contain modules from a numerate discipline.

International & EU entry requirements

We accept a wide range of qualifications from applicants studying in the EU and other countries. Get in touch with any questions you may have about the qualifications we accept. Remember to tell us about the qualifications you have already completed or are currently taking.

Sorry, the entry requirements for the country that you have selected are not available here. Please select your country page where you'll find this information.

English language requirements

If English is not your first language, we require IELTS 6.5 overall with a minimum component score of 5.5

Additional Notes

The University uses academic selection criteria to determine an applicant’s ability to successfully complete a course at the University of Essex. Where appropriate, we may ask for specific information relating to previous modules studied or work experience.

Structure

Course structure

We offer a flexible course structure with a mixture of core/compulsory modules, and optional modules chosen from lists.

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field. The course content is therefore reviewed on an annual basis to ensure our courses remain up-to-date so modules listed are subject to change.

Teaching and learning disclaimer

Following the impact of the pandemic, we made changes to our teaching and assessment to ensure our current students could continue with their studies uninterrupted and safely. These changes included courses being taught through blended delivery, normally including some face-to-face teaching, online provision, or a combination of both across the year.

The teaching and assessment methods listed show what is currently planned for 2021 entry; changes may be necessary if, by the beginning of this course, we need to adapt the way we’re delivering them due to the external environment, and to allow you to continue to receive the best education possible safely and seamlessly.

Components and modules explained

Components

Components are the blocks of study that make up your course. A component may have a set module which you must study, or a number of modules from which you can choose.

Each component has a status and carries a certain number of credits towards your qualification.

Status	What this means
Core	You must take the set module for this component and you must pass. No failure can be permitted.
Core with Options	You can choose which module to study from the available options for this component but you must pass. No failure can be permitted.
Compulsory	You must take the set module for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.
Compulsory with Options	You can choose which module to study from the available options for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.
Optional	You can choose which module to study from the available options for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.

The modules that are available for you to choose for each component will depend on several factors, including which modules you have chosen for other components, which modules you have completed in previous years of your course, and which term the module is taught in.

Modules

Modules are the individual units of study for your course. Each module has its own set of learning outcomes and assessment criteria and also carries a certain number of credits.

In most cases you will study one module per component, but in some cases you may need to study more than one module. For example, a 30-credit component may comprise of either one 30-credit module, or two 15-credit modules, depending on the options available.

Modules may be taught at different times of the year and by a different department or school to the one your course is primarily based in. You can find this information from the module code. For example, the module code HR100-4-FY means:

100

The department or school the module will be taught by.

In this example, the module would be taught by the Department of History.

The module number.

The UK academic level of the module.

A standard undergraduate course will comprise of level 4, 5 and 6 modules - increasing as you progress through the course.

A standard postgraduate taught course will comprise of level 7 modules.

A postgraduate research degree is a level 8 qualification.

The term the module will be taught in.

AU: Autumn term
SP: Spring term
SU: Summer term
FY: Full year
AP: Autumn and Spring terms
PS: Spring and Summer terms
AS: Autumn and Summer terms

COMPONENT 01: COMPULSORY

International Management Accounting

(20 CREDITS)

Analyse the changing practices and theorization of management accounting and control in emerging and less-developed countries in the context of environmental change, institutional and socio-economic factors. You examine traditional management control systems in the context of different cultural, political, and socio-economic contexts.

View International Management Accounting on our Module Directory

COMPONENT 02: COMPULSORY

International Financial Reporting

(20 CREDITS)

Develop a critical understanding of current issues in international financial reporting. You analyse the development of national accounting systems, the role of the International Accounting Standards Board (IASB) and its impact on financial reporting internationally, and the particular financial reporting needs of developing countries.

View International Financial Reporting on our Module Directory

COMPONENT 03: COMPULSORY

Corporate Reporting and Analysis

(20 CREDITS)

This module introduces you to financial reporting, governance, regulation, and analysis of financial statements. You also gain an understanding of the role of published financial statements in aiding users in their decision-making.

View Corporate Reporting and Analysis on our Module Directory

COMPONENT 04: COMPULSORY

Modern Banking

(20 CREDITS)

Explore the basics of the structure and environment of banking, and selected aspects of the applied economics of the modern banking firm. You study structure-conduct-performance, competition, bank efficiency, regulation, international banking and bank failures and crises.

View Modern Banking on our Module Directory

COMPONENT 05: COMPULSORY

Bank Strategy and Risk

(20 CREDITS)

Analyse the key strategic developments in banking and the main aspects of risk management in modern banks. You are introduced to the concept of shareholder value in banking, the main banking strategies to create shareholder value, the key risks in banking, and the most important tools required to manage bank risks.

View Bank Strategy and Risk on our Module Directory

COMPONENT 06: COMPULSORY WITH OPTIONS

(20 CREDITS)

COMPONENT 07: CORE

Business Report

(60 CREDITS)

This module gives you the opportunity to use the skills and knowledge gained on your course to assess the performance of a real-world business and make recommendations for improvement. You produce an independent business report using published accounting information and techniques such as content analysis, advanced ratio analysis and statistical analysis. You develop your ability to analyse information, think critically and exercise professional judgement when making decisions in difficult accounting contexts. By interrogating a real-life case study, you learn how accounting issues and principles are applied in practice.

View Business Report on our Module Directory

Teaching

This course combines theory with practice; you gain real-world context through up-to-date research and live case studies.
Teaching combines lectures, seminars and private study.

Assessment

This course is assessed through:

coursework assignments, which may take a number of forms, including essays, reports and examinations

Dissertation

Instead of a dissertation, you produce a practically-based business report, evaluating the performance of a listed company of your choice, in addition to a report plan and poster presentation on your chosen company.

Fees and funding

Home/UK fee

£12,410

International fee

£19,380

EU students commencing their course in the 2021-22 academic year will be liable for the International fee.

Fees will increase for each academic year of study.

What's next

We hold Open Days for all our applicants throughout the year. Our Colchester Campus events are a great way to find out more about studying at Essex, and give you the chance to:

tour our campus and accommodation
find out answers to your questions about our courses, student finance, graduate employability, student support and more
meet our students and staff

If the dates of our organised events aren’t suitable for you, feel free to get in touch by emailing tours@essex.ac.uk and we’ll arrange an individual campus tour for you.

You can apply for this postgraduate course online. Before you apply, please check our information about necessary documents that we’ll ask you to provide as part of your application.

We aim to respond to applications within two weeks. If we are able to offer you a place, you will be contacted via email.

For information on our deadline to apply for this course, please see our ‘how to apply’ information.

Home to 15,000 students from more than 130 countries, our Colchester Campus is the largest of our three sites, making us one of the most internationally diverse campuses on the planet - we like to think of ourselves as the world in one place.

The Campus is set within 200 acres of beautiful parkland, located two miles from the historic town centre of Colchester – England's oldest recorded town. Our Colchester Campus is also easily reached from London and Stansted Airport in under one hour.

How to get to Colchester Campus

Find out more

If you live too far away to come to Essex (or have a busy lifestyle), no problem. Our 360 degree virtual tour allows you to explore the Colchester Campus from the comfort of your home. Check out our accommodation options, facilities and social spaces.

Our staff travel the world to speak to people about the courses on offer at Essex. Take a look at our list of exhibition dates to see if we’ll be near you in the future.

At Essex we pride ourselves on being a welcoming and inclusive student community. We offer a wide range of support to individuals and groups of student members who may have specific requirements, interests or responsibilities.

Find out more

The University makes every effort to ensure that this information on its programme specification is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to courses, facilities or fees. Examples of such reasons might include, but are not limited to: strikes, other industrial action, staff illness, severe weather, fire, civil commotion, riot, invasion, terrorist attack or threat of terrorist attack (whether declared or not), natural disaster, restrictions imposed by government or public authorities, epidemic or pandemic disease, failure of public utilities or transport systems or the withdrawal/reduction of funding. Changes to courses may for example consist of variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses. The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications.

The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.