Strategic Accounting - MSc

2024/25 Full-time Postgraduate course

Award:

Master of Science

Faculty:

Ulster University Business School

School:

Department of Accounting, Finance and Economics

Campus:

Belfast campus

Start dates:

September 2024

January 2025

Overview

Accelerate your accounting career with this Masters programme linked to ACCA professional exemptions.

Summary

Do you aspire to become a leader within the global accounting profession?

The MSc Strategic Accounting is an excellent way to advance your career within this competitive and highly rewarding sector.

Give yourself an additional edge in the accounting and professional services by getting the finance, technology, leadership and advanced accounting skills employers are looking for.

This programme will help you obtain ACCA professional exemptions while gaining an Masters with relevant employable skills.

All ACCA’s strategic professional papers are embedded into the programme, so you will be ready to complete all the examinations of the ACCA professional qualification.

As well helping you achieve your ACCA qualification, this programme provides the opportunity to work with an employer on a live project, ensuring the course is relevant and provides you with workplace ready skills.

Over 18 months, you will cover topics such as strategic business leadership, strategic business reporting, advanced taxation, advanced performance management, advanced audit and assurance, advanced financial management, cyber security and/or data analytics.

ACCA members are in increasing demand across the globe. If you want to be part of this growth, this course is for you.

We’d love to hear from you!

We know that choosing to study at university is a big decision, and you may not always be able to find the information you need online.

Please contact Ulster University with any queries or questions you might have about:

  • Course specific information
  • Fees and Finance
  • Admissions

For any queries regarding getting help with your application, please select Admissions in the drop down below.

For queries related to course content, including modules and placements, please select Course specific information.

We look forward to hearing from you.

About this course

About

The MSc Strategic Accounting is designed to build on, and further develop, the employment relevant skills that are at the heart of the ACCA qualification.

Completing the Strategic Business Project enables you to meet some of the performance objectives of ACCA’s Professional Experience Requirement (PER). You will also be encouraged to complete ACCA’s Ethics and Professional Skills Module. Thus, you will be well placed to obtain ACCA membership, while gaining a Masters with employment relevant skills.

Students can study the following modules;

Strategic Business Leader

The module will develop students' appreciation of strategic management and leadership in the context of organisational strategy, corporate governance and ethical issues. Through case studies, practical examples and academic journal articles, the module will enable students to critically appraise and apply advanced practices and theories of the discipline.

Strategic Business Reporting

This module aims to discuss, apply and evaluate the concepts, principles and practices that underpin the preparation and interpretation of corporate reports in various contexts including the ethical assessment of management's stewardship and the information needs of a diverse group of stakeholders.

Introduction to Research

The module will provide students with an understanding of the research process when conducting applied research within the accounting and finance profession. It underlines the role that applied research can play in helping to define and ultimately resolve key strategic business issues. This will involve consideration of the development of appropriate research questions, undertaking a literature review, identification and justification of an appropriate research methodology, data collection and analysis, reporting findings in an effective manner.

The module also provides an opportunity for learners to reflect on their intellectual and professional development during their master's programme with the creation a portfolio of work-based evidence that in turn, forms the framework for development of a personal development plan.

Advanced Taxation

This module is optional

Advanced tax; income tax, corporation tax, capital gains tax, inheritance tax, stamp duty; how tax law and ethics impact businesses today

Advanced Financial Management

This module is optional

The module examines the investment and financing decisions facing large multinational corporations, with the emphasis moving towards the strategic consequences of making such decisions in a domestic, as well as international, context. Connected to this, the module then focuses on developing advisory skills in planning strategic acquisitions and mergers and corporate re-organisations. Finally, the module examines the risks associated with international business and provides a broad analysis of the sophisticated strategies which are employed in order to manage such risks.

Cyber Security

This module is optional

This module aims to discuss, apply and evaluate the concepts, principles and practices that underpin the relationship between information governance and cyber security underpinning the management of organisation's information assets.

The module also covers cyber security risk assessment and management strategies.

Data Analytics

This module is optional

This module provides students with the knowledge and practical skills for applying business intelligence and data analytics principles to support management decision making in a business context. The module also help develop students' quantitative analysis and data visualisation skills to derive valuable insights from the data in a business context. The module will help students to design, develop and deploy a performance dashboard as part of their performance management system case organisation.

Advanced Performance Management

This module is optional

The module will develop students' appreciation of strategic management accounting in the context of organisational strategy, business planning and development. Through case studies, practical examples and academic journal articles, the module will enable students to critically appraise and apply advanced practices and theories of the discipline.

Advanced Audit and Assurance

This module is optional

This module provides students with an in-depth understanding of audit and assurance services. It combines audit and assurance concepts with their application to professional practice. It also highlights the responsibilities and ethical dilemmas faced by auditors and assurance providers.

Strategic Business Project

This module is optional

The module integrates and further develops the knowledge and skills acquired within the taught element of the programme. The module specifically allows the student to apply the knowledge and skills acquired to undertake a project relevant to the financial services sector and of interest to the student. The project topic will vary, depending on the requirements of the financial services organisation that instigates the project.

Dissertation

This module is optional

The dissertation module integrates and further develops the knowledge and skills acquired within the taught element of the programme.

The module specifically allows the student to apply the knowledge and skills acquired to undertake a research dissertation investigating a topic relevant to the financial services sector and of interest to the student.

The dissertation topic will vary, depending on the interests of the student and expertise of staff.

Attendance

The course is completed over three semesters of study, on a full-time basis.

Start dates

  • September 2024
  • January 2025

Teaching, Learning and Assessment

Attendance and Independent Study

As part of your course induction, you will be provided with details of the organisation and management of the course, including attendance and assessment requirements. Usually, the precise timetable for each semester is not confirmed until close to the start date and may be subject to some change in the early weeks as all courses settle into their planned patterns. A course handbook is also made available.

The course comprises modules for which the notional effort involved is indicated by credit points. Each credit point represents 10 hours of student effort.

This Master’s course comprises 180 credits, taken in three semesters.

Class contact times vary by module. Typically, you can expect at least 4 contact hours per week for each module. The precise model will depend on the module and may be subject to change from year to year for quality or enhancement reasons.

Assessment

Assessment methods vary and are defined explicitly in each module.

Assessment on all modules will be through coursework but may also include closed book class tests. Assessment is designed to assess your achievement of the module’s stated learning outcomes – and to fully prepare you to sit ACCA exams in relevant modules.

You can expect to receive timely feedback on all coursework assessment. The precise assessment will depend on the module and may be subject to change from year to year for quality or enhancement reasons.

The precise form and combination of assessment will depend on the module. Details will be made available in advance through induction, the course handbook, the module specification and the assessment timetable. The details are subject to change from year to year for quality or enhancement reasons. You will be consulted about any significant changes.

Calculation of the Final Award

The pass mark for each individual module is 50%.

A pass with distinction will be awarded if your average mark is 70% or greater and a pass with commendation will be awarded if your average mark is 60% or greater.

Your average mark will be calculated as a weighted average of all modules, based on the credit points for each module.

Attendance and Independent Study

The content for each course is summarised on the relevant course page, along with an overview of the modules that make up the course.

Each course is approved by the University and meets the expectations of:

  • Attendance and Independent Study

    As part of your course induction, you will be provided with details of the organisation and management of the course, including attendance and assessment requirements - usually in the form of a timetable. For full-time courses, the precise timetable for each semester is not confirmed until close to the start date and may be subject to some change in the early weeks as all courses settle into their planned patterns. For part-time courses which require attendance on particular days and times, an expectation of the days and periods of attendance will be included in the letter of offer. A course handbook is also made available.

    Courses comprise modules for which the notional effort involved is indicated by its credit rating. Each credit point represents 10 hours of student effort. Undergraduate courses typically contain 10, 20, or 40 credit modules (more usually 20) and postgraduate courses typically 15 or 30 credit modules.

    The normal study load expectation for an undergraduate full-time course of study in the standard academic year is 120 credit points. This amounts to around 36-42 hours of expected teaching and learning per week, inclusive of attendance requirements for lectures, seminars, tutorials, practical work, fieldwork or other scheduled classes, private study, and assessment. Teaching and learning activities will be in-person and/or online depending on the nature of the course. Part-time study load is the same as full-time pro-rata, with each credit point representing 10 hours of student effort.

    Postgraduate Master’s courses typically comprise 180 credits, taken in three semesters when studied full-time. A Postgraduate Certificate (PGCert) comprises 60 credits and can usually be completed on a part-time basis in one year. A 120-credit Postgraduate Diploma (PGDip) can usually be completed on a part-time basis in two years.

    Class contact times vary by course and type of module. Typically, for a module predominantly delivered through lectures you can expect at least 3 contact hours per week (lectures/seminars/tutorials). Laboratory classes often require a greater intensity of attendance in blocks. Some modules may combine lecture and laboratory. The precise model will depend on the course you apply for and may be subject to change from year to year for quality or enhancement reasons. Prospective students will be consulted about any significant changes.

  • Assessment

    Assessment methods vary and are defined explicitly in each module. Assessment can be a combination of examination and coursework but may also be only one of these methods. Assessment is designed to assess your achievement of the module’s stated learning outcomes.  You can expect to receive timely feedback on all coursework assessments. This feedback may be issued individually and/or issued to the group and you will be encouraged to act on this feedback for your own development.

    Coursework can take many forms, for example: essay, report, seminar paper, test, presentation, dissertation, design, artefacts, portfolio, journal, group work. The precise form and combination of assessment will depend on the course you apply for and the module. Details will be made available in advance through induction, the course handbook, the module specification, the assessment timetable and the assessment brief. The details are subject to change from year to year for quality or enhancement reasons. You will be consulted about any significant changes.

    Normally, a module will have 4 learning outcomes, and no more than 2 items of assessment. An item of assessment can comprise more than one task. The notional workload and the equivalence across types of assessment is standardised. The module pass mark for undergraduate courses is 40%. The module pass mark for postgraduate courses is 50%.

  • Calculation of the Final Award

    The class of Honours awarded in Bachelor’s degrees is usually determined by calculation of an aggregate mark based on performance across the modules at Levels 5 and 6, (which correspond to the second and third year of full-time attendance).

    Level 6 modules contribute 70% of the aggregate mark and Level 5 contributes 30% to the calculation of the class of the award. Classification of integrated Master’s degrees with Honours include a Level 7 component. The calculation in this case is: 50% Level 7, 30% Level 6, 20% Level 5. At least half the Level 5 modules must be studied at the University for Level 5 to be included in the calculation of the class.

    All other qualifications have an overall grade determined by results in modules from the final level of study.

    In Masters degrees of more than 200 credit points the final 120 points usually determine the overall grading.

    Figures from the academic year 2022-2023.

Academic profile

All of the staff involved in the delivery of the modules have extensive experience of assisting students to prepare for the exams of professional accounting bodies, including ACCA and of teaching on postgraduate courses.

They are also either professionally qualified accountants, holders of postgraduate qualifications, or both. A number of staff have been examiners or exam markers for professional accounting bodies, including ACCA.

Ulster University students have been prize-winners in a range of ACCA papers and 100% pass rates have been attained in a number of ACCA papers in previous sittings.

The University employs over 1,000 suitably qualified and experienced academic staff - 60% have PhDs in their subject field and many have professional body recognition.

Courses are taught by staff who are Professors (19%), Readers, Senior Lecturers (22%) or Lecturers (57%).

We require most academic staff to be qualified to teach in higher education: 82% hold either Postgraduate Certificates in Higher Education Practice or higher. Most academic and learning support staff (85%) are recognised as fellows of the Higher Education Academy (HEA) by Advance HE - the university sector professional body for teaching and learning. Many academic and technical staff hold other professional body designations related to their subject or scholarly practice.

The profiles of many academic staff can be found on the University’s departmental websites and give a detailed insight into the range of staffing and expertise.  The precise staffing for a course will depend on the department(s) involved and the availability and management of staff.  This is subject to change annually and is confirmed in the timetable issued at the start of the course.

Occasionally, teaching may be supplemented by suitably qualified part-time staff (usually qualified researchers) and specialist guest lecturers. In these cases, all staff are inducted, mostly through our staff development programme ‘First Steps to Teaching’. In some cases, usually for provision in one of our out-centres, Recognised University Teachers are involved, supported by the University in suitable professional development for teaching.

Figures from the academic year 2022-2023.

Belfast campus

Accommodation

High quality apartment living in Belfast city centre adjacent to the university campus.

Find out more - information about accommodation (Opens in a new window)  


Student Wellbeing

At Student Wellbeing we provide many services to help students through their time at Ulster University.

Find out more - information about student wellbeing (Opens in a new window)  

Modules

Here is a guide to the subjects studied on this course.

Courses are continually reviewed to take advantage of new teaching approaches and developments in research, industry and the professions. Please be aware that modules may change for your year of entry. The exact modules available and their order may vary depending on course updates, staff availability, timetabling and student demand. Please contact the course team for the most up to date module list.

Year one

Strategic Business Leader

Year: 1

The module is designed to deepen students' understanding of strategic management and leadership within the framework of organisational strategy, corporate governance, and ethical considerations. By engaging with case studies, practical examples, and academic writings articles, students will be equipped to critically evaluate and apply advanced theories and practices in the field.

Strategic Business Reporting

Year: 1

This module aims to examine, apply and appraise the concepts, principles and practices that underpin the preparation and interpretation of corporate reports in various contexts including the ethical assessment of management's stewardship and the information demands of a diverse group of stakeholders.

Introduction to Research

Year: 1

The module will provide students with an understanding of the research process when conducting applied research within the accounting and finance profession. It underlines the role that applied research can play in helping to define and ultimately resolve key strategic business issues. This will involve consideration of the development of appropriate research questions, undertaking a literature review, identification and justification of an appropriate research methodology, data collection and analysis, reporting findings in an effective manner.

The module also provides an opportunity for learners to reflect on their intellectual and professional development during their master's programme with the creation a portfolio of work-based evidence that in turn, forms the framework for development of a personal development plan.

Advanced Taxation

Year: 1

This module is optional

Advanced tax; income tax, corporation tax, capital gains tax, inheritance tax, stamp duty; how tax law and ethics and sustainability considerations impact businesses today

Advanced Financial Management

Year: 1

This module is optional

The module examines the investment and financing decisions facing large multinational corporations, with the emphasis moving towards the strategic consequences of making such decisions in a domestic, as well as international, context. Connected to this, the module then focuses on developing advisory skills in planning strategic acquisitions and mergers and corporate re-organisations. Finally, the module examines the risks associated with international business and provides a broad analysis of the sophisticated strategies which are employed in order to manage such risks.

Cyber Security

Year: 1

This module is optional

This module offers an in-depth exploration of the increasingly important relationship between information governance and cyber security, focusing on how these principles are essential for safeguarding an organisation's information assets. You will not only learn the core concepts and practices but also gain hands-on experience in applying them to real-world scenarios.

In addition, the module delves into cyber security risk assessment and management strategies, equipping you with the tools to identify and mitigate potential threats. This module provides the practical knowledge and expertise needed to protect and manage organisational data effectively.

Data Management and Analytics

Year: 1

This module is optional

This module provides students with the knowledge and practical skills for applying data management and data analytics concepts to support management decision-making. Within a business context, the module supports students to develop database design and implementation skills for data management; and data visualisation skills to derive valuable insights by deploying a performance dashboard to monitor business performance and facilitate business improvement.

Year two

Advanced Performance Management

Year: 2

This module is optional

The module will develop students' appreciation of strategic management accounting in the context of organisational strategy, business planning and development. Through case studies, practical examples and academic journal articles, the module will enable students to critically appraise and apply advanced practices and theories of the discipline.

Advanced Audit and Assurance

Year: 2

This module is optional

This module aims to provide students with an in-depth understanding of audit and assurance services. It combines audit and assurance concepts with their application to professional practice. It also highlights the responsibilities and ethical dilemmas faced by auditors and assurance providers.

Strategic Business Project

Year: 2

This module is optional

The module integrates and further develops the knowledge and skills acquired within the taught element of the programme. The module specifically allows the student to apply the knowledge and skills acquired to undertake a project relevant to the financial services sector and of interest to the student. The project topic will vary, depending on the requirements of the financial services organisation that instigates the project.

Dissertation

Year: 2

This module is optional

The dissertation module integrates and further develops the knowledge and skills acquired within the taught element of the programme.

The module specifically allows the student to apply the knowledge and skills acquired to undertake a research dissertation investigating a topic relevant to the financial services sector and of interest to the student.

The dissertation topic will vary, depending on the interests of the student and expertise of staff.

Standard entry conditions

We recognise a range of qualifications for admission to our courses. In addition to the specific entry conditions for this course you must also meet the University’s General Entrance Requirements.

Entry Requirements

Applicants must have completed the 9 ACCA papers which comprise the Essential Knowledge and Essential Skills modules of the ACCA qualification or to have been exempted from these papers by having gained:

(i) a second class honours degree in Accounting or better from a university of the United Kingdom or the Republic of Ireland, or from a recognised national awarding body, or from an institution of another country which has been recognised as being of an equivalent standard; or

(ii) an equivalent standard (normally 50%) in a Graduate Diploma, Graduate Certificate, Postgraduate Certificate or Postgraduate Diploma or an approved alternative qualification in Accounting;

and

have completed enrolment as a student of ACCA;

and

provide evidence of competence in written and spoken English (GCSE grade C or equivalent).The English language requirements for non-native English speakers is IELTS 6.0 with no contributing band below 5.5 or equivalent SELT (S).

English Language Requirements

English language requirements for international applicants
The minimum requirement for this course is Academic IELTS 6.0 with no band score less than 5.5. Trinity ISE: Pass at level III also meets this requirement for Tier 4 visa purposes.

Ulster recognises a number of other English language tests and comparable IELTS equivalent scores.

Careers & opportunities

Career options

ACCA members are employed in a wide range of roles in all sectors globally.

Further information can be obtained at: ACCA

Work placement / study abroad

The Strategic Business Project module provides an opportunity to work with an employer on a specific project which will be structured so that you will meet a number of the learning outcomes specified by ACCA's Professional Experience Requirement.

Apply

Start dates

  • September 2024
  • January 2025

Fees and funding

Northern Ireland, Republic of Ireland and EU Settlement Status Fees

£8,680.00

International Fees

£17,090.00

Additional mandatory costs

Please note that, in addition to the course fees payable to the University, the following fees are payable to ACCA:

Initial registration

Annual subscription

Exemption fees

Exam entry fees

Ethics and Professional Skills module.

ACCA fees are reviewed annually. Up to date fees information is available at:

https://www.accaglobal.com/uk/en/qualifications/accountancy-career/fees/fees-charges-cluster-a.html?countrycode=UnitedKingdom

It is important to remember that costs associated with accommodation, travel (including car parking charges) and normal living will need to be covered in addition to tuition fees.

Where a course has additional mandatory expenses (in addition to tuition fees) we make every effort to highlight them above. We aim to provide students with the learning materials needed to support their studies. Our libraries are a valuable resource with an extensive collection of books and journals, as well as first-class facilities and IT equipment. Computer suites and free Wi-Fi are also available on each of the campuses.

There are additional fees for graduation ceremonies, examination resits and library fines.

Students choosing a period of paid work placement or study abroad as a part of their course should be aware that there may be additional travel and living costs, as well as tuition fees.

See the tuition fees on our student guide for most up to date costs.

Contact

We’d love to hear from you!

We know that choosing to study at university is a big decision, and you may not always be able to find the information you need online.

Please contact Ulster University with any queries or questions you might have about:

  • Course specific information
  • Fees and Finance
  • Admissions

For any queries regarding getting help with your application, please select Admissions in the drop down below.

For queries related to course content, including modules and placements, please select Course specific information.

We look forward to hearing from you.


For more information visit

Disclaimer

  1. We prepare our prospectus and online information about our courses with care and every effort is made to ensure that the information is accurate. The printed version of the prospectus is, however, published at least a year before the courses begin. Information included in the prospectus may, therefore, change. This includes, but is not limited to changes to the terms, content, delivery, location, method of assessments or lengths of the courses described. Not all circumstances are foreseeable, but changes will normally be made for one of the following reasons: 
    • to meet external, professional, or accredited body requirements;
    • to provide for exceptional circumstances due to reasons beyond our reasonable control;
    • to improve or enhance your experience, or to adopt changes recommended in student feedback, with the aim of improving the student experience and or student outcomes; and/or
    • to ensure appropriate academic standards are met, for example in response to external examiners feedback.
  1. If there are insufficient enrolments to make a course viable, it may be necessary for the University to withdraw a course. If you have received an offer for a course that we subsequently have to close, we will contact you as soon as possible to discuss alternative courses. If you do not wish to study any alternative courses at the University, you may withdraw your application by informing us by email to admissions@ulster.ac.uk.
  1. Please note that the University’s website is the most up-to-date source of information regarding courses, campuses and facilities and we strongly recommend that you always visit the website before making any commitments.
  1. We will include a durable PDF when we send you an offer letter which will highlight any changes made to our prospectus or online information about our courses. You should read this carefully and ensure you fully understand what you are agreeing to before accepting a place on one of our courses.
  1. The University will always try to deliver the course as described in the durable PDF you receive with your offer letter.
  1. At any point after an offer has been made, students will be notified of any course changes in writing (usually by email) as soon as reasonably practicable and we will take all reasonable steps to minimise their impact where possible.  The University will, where possible and reasonably practicable, seek the express consent of the student in regard to any changes concerning material or pre-contract information.
  1. The University website will be updated to reflect the changed course information as soon as reasonably practicable.
  1. If, after due consideration, you decide that you no longer want to study your course or to study at the University, because of the changes, you may withdraw your application or terminate your contract with the University. In order to do so, you should notify us in writing by emailing admissions@ulster.ac.uk (and update UCAS if applicable). We will, on request, recommend alternative courses that you could study with us, or suggest a suitable course at an alternative higher education provider.
  1. If you do not agree that the changes are fair, you can seek redress under the Student Complaints Procedures.
  1. Providing the University has complied with the requirements of all applicable consumer protection laws, the University does not accept responsibility for the consequences of any modification, relocation or cancellation of any course, or part of a course, offered by the University. The University will give due and proper consideration to the effects thereof on individual students and taken the steps necessary to minimise the impact of such effects on those affected.
  1. The University is not liable for disruption to its provision of educational or other services caused by circumstances beyond its reasonable control providing it takes all reasonable steps to minimise the resultant disruption to such services.
  1. Further information can be found in our terms and conditions.

Testimonials

“The way this course combines academic and professional study with practical experience develops the skills employers are seeking and that ACCA has identified as essential for the accountants of the future is unique.” John Cullen, Partner Menzies LLP

“The model incorporating the ACCA Strategic Professional syllabus into the programme supports students taking their ACCA Strategic Professional Level exams and MSc Modules and enables students to benefit from gaining both an academic and professional qualification. The placement/internship opportunity within the programme supports students being ready for the workplace as well as potentially providing some of the Professional Experience Requirements (PER) which they need to gain their ACCA membership. Providing optional modules of Cyber-security and Data Analytics to students aligns with the work undertaken by ACCA Professional Insights which highlighted the importance of digital skills to future employers.” Alan Hatfield, Executive Director, Strategy and Development, ACCA

Sustainability at Ulster

Ulster continues to develop and support sustainability initiatives with our staff, students, and external partners across various aspects of teaching, research, professional services operations, and governance.

At Ulster every person, course, research project, and professional service area on every campus either does or can contribute in some way towards the global sustainability and climate change agenda.

We are guided by both our University Strategy People, Place and Partnerships: Delivering Sustainable Futures for All and the UN Sustainable Development Goals.

Our work in this area is already being recognised globally.  Most recently by the 2024 Times Higher Education Impact rating where we were recognised as Joint 5th Globally for Outreach Activities and Joint Top 20 Globally for Sustainable Development Goal 17:  Partnership for the Goals.

Visit our Sustainability at Ulster destination to learn more about how the University strategy and the activities of Ulster University support each of the Sustainable Development Goals.