This internationally focused course would suit individuals who wish to enhance their understanding of accounting whether they are from academic or business background in management or accounting equally as those from other disciplines. International Accounting is a rapidly developing field, which has grown in conjunction with globalisation and an increasing awareness of the need to set the theory and practice of accounting in the context of its social, political, economic, natural and cultural environments. The programme draws upon the extensive research and teaching expertise of our management and economics academics.
You will gain an in-depth knowledge and understanding of contemporary issues in the theory and practice of international financial accounting and in the context of society. You will also have a critical awareness of issues in management accounting together with an understanding of related social, organisational and international influences. The course covers performance management and investment appraisal in an international context, perspectives on culture, control and accountability, the transition to a knowledge and service-based business environment and empirical studies of differences in management accounting across countries.
On graduating you will have transferable skills including the ability to critically evaluate accounting documents and relevant academic literature, employ different research methodologies, evaluate and employ a variety of accounting-based techniques as well as write reports, give presentations and work as a team.
- Strong career prospects in the finance and commercial areas; increasing globalisation means that organisations value graduates with knowledge and understanding of contemporary international accounting who have also reflected on its broader setting and implications.
- Flexibility to tailor your studies to suit your specific areas of interest, such as: comparative international accounting, creative accounting and impression management and sustainability and accounting.
- Outstanding research; Royal Holloway sits in the top 25 per cent of UK universities for research which is rated as ‘world-leading’ and ‘internationally excellent’.
- Inspiring international community; 60% of our Management students come from overseas and the 8,500 students at Royal Holloway, University of London are from 130 countries.
Foundations of Modern Management and Organisational Analysis
This module, taught during your induction week, will introduce you to the key elements of organisational management for commercial successs. Through analysis of historical roots, you will develop an understanding of the current practices for managing customers, shareholders, and employees, and discuss how numbers and technology influence management decision-making.
International Accounting and Finance
In this module you will develop an understanding of the contemporary issues in the theory and practice of international financial accounting. You will look at the international differences in accounting standards, the tools of financial analysis, international conceptual frameworks, and will assess the arguments surrounding the international regulation of financial accounting.
International Management Accounting
In this module you will develop an understanding of current issues in management accounting and related social, organisational and international influences. You will look at performance management and investment appraisal in an international context, perspectives on culture, control and accountability, and the transition to a knowledge and service-based business environment. You will consider the differences in management accounting across countries, and examine issues in context of the private sector and new public management, making comparisons between the two.
Dissertation Preparation and Research Methods
This module will help you to prepare for your dissertation with useful theoretical and practical lessons in research methods. You will develop your analytical and technical research skills, reflecting critically upon the theoretical and philosophical assumptions of the underlying research methodologies. You will develop an undertanding of the ethical considerations when conducting research, and will learn how to write a structured research proposal that will form the basis of your dissertation.
The dissertation provides you with an opportunity to learn and practise researching and writing skills for your future career. You will apply the analytical and problem-solving techniques you have acquired throughout your studies to explore a specialist interest in greater depth. You will critically evaluate academic literature, collect data systematically, organise your findings, and present your research results in a clear and logical and manner. To help, your research proposal will be read by the programme director, who will select an appropriate member of staff to act as your dissertation supervisor. Your final submission will be between 12,000 and 15,000 words in length.
In addition to these mandatory course units there are a number of optional course units available during your degree studies. The following is a selection of optional course units that are likely to be available. Please note that although the College will keep changes to a minimum, new units may be offered or existing units may be withdrawn, for example, in response to a change in staff. Applicants will be informed if any significant changes need to be made.
Sustainability and Accounting
In this module you will develop an undersanding of the contemporary issues in the theory and practice of sustainability accounting and accountability. You will explore the philosophical underpinnings of corporate social responsibility and sustainability accounting, and examine the roles of stakeholder engagement and dialogue, including the motivations for social and environmental reporting. You will also consider the applicability of sustainability reporting to Non-Governmental Organisations (NGOs), full impact accounting and the role of silent and shadow accounts in sustainability.
Creative Accounting and Impression Management
In this module you will develop an understanding of the contemporary issues regarding the theory and practice of communication in accounting. You will look at the nature of the international reporting environment, examining the roles, needs and characteristics of lay and expert readers of financial reports. You will consider how impressions are created through the use of graphs, narratives and pictures, and the role of experimental research. You will also explore rhetorical, literary and cultural theory perspectives in the critical study of financial reporting documents, and will examine case studies on a variety of international reporting practices.
Comparative International Accounting
This module will provide you with an overview of the international differences in financial reporting. You will look at harmonisation and classification, assessing the obstacles to and progress of the adoption of international standards in major countries. You will analyse the major practical issues facing multinational companies as they prepare financial statements, with consideration of the convergence of the Chinese, Japanese and American accounting systems. You will examine the effects of differences on capital markets, and see how companies and analysts adjust for them.
Assessment is carried out by a variety of methods including coursework, examinations and a dissertation.
UK Upper Second Class Honours degree (2:1) or equivalent.
Relevant professional accounting qualifications and experience in an associated area will be considered.
The MSc in International Accounting is suitable for you:
- if you have an academic backgrounds in business, management or accounting and wish to advance your accounting knowledge and explore more specialized areas of accounting which are not always available at undergraduate level.
- if you have graduated from another discipline, whether arts, sciences or social sciences, and wish to obtain a postgraduate qualification which will enhance your understanding of accounting issues within organizations. The MSc aims to act as a bridge between a humanities or science degree and a career in accounting, business, or the not-for-profit sector.
Students without a Management-based first degree can take the ‘Foundations of Modern Management’ unit during Induction Week.
English language requirements:
IELTS 6.5 overall with 6.5 in writing and a minimum of 6.0 in all other subscores. For equivalencies, please see here
If you require Royal Holloway to sponsor your study in the UK, your IELTS must be a UK government-approved Secure English Language Test (SELT).
International and EU entry requirements
Please select your country from the drop-down list below
Students from overseas should visit the International pages for information on the entry requirements from their country and further information on English language requirements. Royal Holloway offers a Pre-Master’s Diploma for International Students and English language pre-sessional courses, allowing students the opportunity to develop their study skills and English language before starting their postgraduate degree.
On graduating with a Masters degree in International Accounting you will be in a strong position to start a career in a variety of financial or commercial related areas. You will also have a solid foundation to continue PhD studies.
- Graduates have moved into roles in international accounting-related areas including Personal Relationship Manager at HSBC, Auditor at Deloitte, Data Analyst at Newedge,Senior Risk Analyst at Bank of Azerbaijan and Project Accountant at Building Design Partnership.
Home and EU students tuition fee per year 2017/18*: £10,050
Overseas students tuition fee per year 2017/18*: £17,000
Other essential costs**: There are no single associated costs greater than £50 per item on this course
How do I pay for it? Find out more about funding options, including loans, grants, scholarships and bursaries.
* These tuition fees apply to students enrolled on a full-time basis. Students studying part-time are charged a pro-rata tuition fee, usually equivalent to approximately half the full-time fee. Please email firstname.lastname@example.org for further information on part-time fees. All postgraduate fees are subject to inflationary increases. Royal Holloway's policy is that any increases in fees will not exceed 5 per cent for continuing students. For further information see tuition fees and our terms and conditions.
** These estimated costs relate to studying this particular degree programme at Royal Holloway. Costs, such as accommodation, food, books and other learning materials and printing, have not been included.