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What will I learn?

The course develops the necessary skills and knowledge to analyse business strategy and how business works, provide the relevant information required for business and strategic decisions, integrate the "people side" of numbers, and manage successful strategy implementation.

Systematic and rigorous knowledge of management accounting within the context of strategic management and corporate finance.

The know-how required to not only understand business strategy but also plan and implement strategic decisions in the future.

The personal and business skills desired by employers, including data analytics, professional report writing, presentation skills, and teamwork.

How will I benefit?

Successful completion of the course corresponds to an extensive knowledge base in the areas of management accounting, management control and performance management, backed by a vital set of technical, analytical and personal skills.

  1. A firm grasp of the tools and techniques for measuring and managing business performance, financial reporting and analysis, and risk management.
  2. Direct relevance of the course content to corporate needs, providing a solid foundation for a successful career within industry, in senior management and consulting positions.
  3. A fast-track approach to completing the highly regarded international CIMA professional qualification and being awarded the Chartered Global Management Accountant (CGMA) designation.

Curriculum

This multi-faceted, CIMA-accredited course is structured around 10 core modules and a dedicated professional skills module, covering a comprehensive range of specialist disciplines designed to deepen graduates’ understanding of the financial and strategic workings of businesses.

The summer term offers students a capstone module including a dedicated speaker series on current finance function challenges and CFO perspectives. Students can also choose from some summer term modules or a research project, or in a small number of cases compete for an internship. With any possible internship opportunity students may have to go through a competitive process for these including interviews.

A CIMA strategic level final case study seminar at the end of the summer term allows students to kick-start their own preparation for this exam.

 

Semester 1Semester 2Summer Term

Option modules

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Note: option modules listed are indicative of what has been delivered in previous years. What is offered each academic year is subject to change.

 

The MSc in Strategic Management Accounting prepares students for leadership roles in consulting, accounting and financial control in industry, and general business, by equipping students with the necessary technical, analytical and personal skills for their chosen career pathway. The course also meets the requirements of the Chartered Institute of Management Accountants (CIMA) for direct entry into their final examination (Purpose).  

Considering professional and practice requirements of graduates work environments, we aim to provide a learning environment that: equips our students with a systematic, rigorous and evidence-based knowledge of management accounting within the context of strategic management; and  encourages our students to analyse and explain technical knowledge required, engage in problem identification and resolution, and enables them to act responsible when exposed to ethical considerations and issues in the practice of management accounting and strategic management (education and subject/discipline/professional values).  

Module content will reflect technical management accounting and strategic management knowledge, with a strong emphasis on the application of concepts and theories to real-life and problem-solving scenarios. Insights from guest lectures from the business world will enhance the learning experience and augment students’ ability to translate programme knowledge into understanding of managerial issues and practices (the nature of the learning environment for students).  

Classroom-based sessions led by management accounting academics and senior practitioners. Extensive use of case studies and problem material to impart and consolidate classroom-based technical knowledge learning. Assessments comprise (i) a mixture of individual and group assignments, (ii). A summer research project, or two summer-school modules, or a summer internship, provide choice and an opportunity for students to consider and deepen contemporary academic and managerial issues (key approaches to teaching, learning and assessment).

On successful completion of the programme students should be able to:

Programme Goal 1: Core subject knowledge in strategy and management accounting  

Programme Goal 2: Strategic analysis  

Programme Goal 3: Communications skills  

Programme Goal 4: Ethical & social awareness  

Explain and critically evaluate current theory and practice underpinning strategic management and management accounting including financial reporting, corporate finance, financial risk management, management control and corporate governance (PG1).

Demonstrate a functional and technical competence in strategy and management accounting (PG1).  

Evaluate current management accounting and control systems & ascertain their pertinence in meeting organizational needs (PG2).  

Identify the key factors which impact on an organization’s performance and recommend / implement appropriate performance measurement techniques (PG2).

Evaluate the financial strategies and objectives of an organization and the extent to which they are attainable and sustainable (PG2).  

Comment critically on reports (financial and management) and advise on modifications (PG3).  

Prepare and present (written or oral presentation) on a contemporary accounting matter in a professional manner using appropriate technology (PG3).

Explain the main drivers of corporate social responsibility in firms and organizations and the possible benefits (PG4).  

Analyse the impact of various governance systems and the Board’s role and influence on corporate strategy design and implementation (PG4).

Instil an appreciation for how ethical considerations impact on managerial decision-making and performance reporting and analysis (PG4).

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