MSc Accounting and Finance / Course details

Year of entry: 2021

Coronavirus information for applicants and offer-holders

We understand that prospective students and offer-holders may have concerns about the ongoing coronavirus outbreak. The University is following the advice from Universities UK, Public Health England and the Foreign and Commonwealth Office.

Read our latest coronavirus information

Course description

Take your skills and knowledge to the next level with the best accounting and finance group in the world. Whether you want to further your professional career, or go on to study for a PhD , this course gives you the qualification you need to succeed.

A career in accounting, financial services or related sectors of the economy requires a high level of understanding of both the theory and practice of accounting and finance. This course is designed to give you a broad-based understanding of the core subject areas with an emphasis on empirical research methods and on accounting and finance practice.

Our wide range of modules allows you to specialise and during the course you have the chance to build on your growing knowledge and expertise by completing a dissertation on a research area of your choice. This, coupled with the support you get from our staff, ensures a first class learning experience. 

The MSc Accounting and Finance is recognised by the Economic and Social Research Council as postgraduate preparation for a PhD. It also holds the award of partnership status from the CFA Institute, the global association for investment professionals.

Trading BootCamp Week

Each year, Alliance MBS runs a five-day Trading BootCamp for all current students studying MSc Accounting, MSc Accounting and Finance, MSc Finance and MSc Quantitative Finance. These trading simulations provide students with experience of real world trading and the opportunity to engage with contemporary financial markets, enabling them to apply their classroom theory in practice.

To deliver the Trading BootCamp, the School has teamed up with Amplify Trading to provide those looking to enter the financial industry with a crucial skill-set. Amplify Trading are a global financial trading and training firm, which offers training to some of the world's largest financial institutions, such as HSBC, Citigroup and Deutsche Bank. They have developed specialist software that enables students to experience a live trading floor and two experienced traders will deliver the week-long training.

Each day there will be four hours of classes in the morning followed by four hours of trading practice in the afternoon. Engaging in live breaking news, economic data and geo-political events, students will be able to apply their understanding, technical expertise and risk management practises in trading different asset classes.

This is a fantastic opportunity for accounting and finance students at Alliance MBS and is another way in which we prepare students for successful careers after graduation.

The Finance Zone  

The Finance Zone in Alliance Manchester Business School gives you access to one of the UK's most comprehensive collections of specialist financial and business databases that are used by top researchers around the world. These include Bloomberg, Datastream, Thomson ONE, Compustat, WRDS, Capital IQ and many more. Read more about the specialist financial and business databases >>

Special features

CFA training

We have teamed up with Kaplan Schweser to facilitate student preparation for the CFA exams. A small number of the best performing students (according to semester 1 exam results) on the MSc Accounting, MSc Accounting and Finance, MSc Finance and MSc Quantitative Finance courses will get free access to Kaplan's online training materials for CFA Part One. In previous years we have been able to offer this opportunity to up to 20 students.

  • Gain student support from Kaplan with access to tuition material, online question banks and progress tests, and mock exam runs. Plus tutor support and 1-2-1 sessions.
  • The CFA Program builds a strong foundation of advanced investment analysis and real-world portfolio management skills.
  • Take the first step to earning the Chartered Financial Analyst ® (CFA) credential to prepare for the Level I exam

Worshipful Company of International Bankers Affiliation

Our accounting and finance division courses are now affiliated with the Worshipful Company of International Bankers (WCIB). This means that every year the best dissertation out of the following four courses will receive the WCIB Prize worth £300.

  • MSc Accounting 
  • MSc Accounting and Finance
  • MSc Finance
  • MSc Quantitative Finance

The winner will also enter the competition for the prestigious WCIB Lombard Prize. The Lombard Prize consists of a solid silver Armada dish, a cheque for £1500, one-year honorary membership to the Company and attendance at the Annual Banquet to collect the prize.

Read more about the WCIB Prize >>

Coursework and assessment

Assessment is by taught examinations, coursework, assignments, group assessment and presentations and finally by a 60 credit dissertation.

Course unit details

The course consists of both compulsory and optional taught units. 

Semester 1

Core units:

  • Asset Pricing
  • Cross Sectional Econometrics
  • Corporate Financial Reporting

Optional units:

  • Portfolio Investment
  • Derivative Securities
  • International Accounting Practice & Regulation

Semester 2

Core units:

  • Corporate Finance
  • Qualitative Research Methods


  • Advanced Management Accounting


  • Corporate Governance

One elective unit from:

  • Financial Statement Analysis
  • Time Series Econometrics
  • Mergers & Acquisitions: Economic & Financial Aspects
  • Current Issues in Empirical Finance
  • Advanced Management Accounting
  • Corporate Governance

Summer period

Dissertation (60 credits)

Apply what you have learned in the taught part of the course. Normally consists of a literature review followed by a piece of work based on qualitative or statistical research.

Course unit list

The course unit details given below are subject to change, and are the latest example of the curriculum available on this course of study.

TitleCodeCredit ratingMandatory/optional
Cross Sectional Econometrics BMAN70211A 15 Mandatory
Corporate Financial Reporting BMAN70241 15 Mandatory
Asset Pricing BMAN71111A 15 Mandatory
Corporate Finance BMAN71152 15 Mandatory
Qualitative Research Methods BMAN71282 15 Mandatory
Derivative Securities BMAN70141 15 Optional
Current Issues in Empirical Finance BMAN70162 15 Optional
Advanced Management Accounting BMAN70232 15 Optional
Mergers & Acquisitions: Economic & Financial BMAN70432 15 Optional
Time Series Econometrics BMAN71122 15 Optional
Financial Statement Analysis BMAN71132 15 Optional
Portfolio Investment BMAN71171A 15 Optional
International Accounting Practice and Regulation BMAN71291 15 Optional
Corporate Governance BMAN72912 15 Optional
Displaying 10 of 14 course units

Scholarships and bursaries

Disability support

Practical support and advice for current students and applicants is available from the Disability Advisory and Support Service. Email: