Modules for course N4AJ | MSC/ACC
MSc Accounting

These are the modules currently offered on this course in the 2018–19 academic year.

You can also view the modules offered in the years: 2017–18.

Find out more about studying and applying for this degree.

Use the buttons after the module titles (where available) to see a brief description of the content, or:
Show all descriptions
Hide all descriptions

Year 1 Modules

Compulsory Modules

0 to 90 credits from:

  • September start must take:
  • ASB-4406: Financial Analysis (15) (Semester 2)
    Balance sheet and income statement analysis; Financial ratio analysis and inter-firm comparison; Trend analysis and financial forecasting; Analysis of profitability and growth; The quality of financial statements, and using financial statements in valuation; Cash accounting, accrual accounting and discounted cash flow valuation; Pricing book values and earnings; Assessment of credit and equity risk.
  • ASB-4418: Accounting Theory (15) (Semester 1)
    Introduction to financial accounting theory; Theories of regulation; Normative theories of accounting; Positive accounting theory; Behavioural accounting theories; Systems-oriented theories; Critical accounting theories.
  • ASB-4419: Advanced Fin Rep & Reg (15) (Semester 2)
    Convergence in International Financial Reporting and Regulation; Conceptual Framework; Regulatory environment of financial reporting; Accounting for Financial Instruments; Accounting for intangible assets; Accounting for Foreign Operations; Financial reporting issues and capital markets.
  • ASB-4420: Management Accounting (15) (Semester 2)
    The use of financial data in assessing business performance; Using this data to set the strategic aims of the organisation; The methods available to the management accountant for developing effective management in any specific situation; Cost classification, allocation and the use of various analytical models; Discussion of the issues of variance analysis; Study of ABC and SABM principles, their strengths and weaknesses, and their place in current management thinking.
  • ASB-4442: Int'l Tax: Policy and Practice (15) (Semester 1)
    The place of taxation in the economy, what it is and its purpose (learning outcome 1). The balance between equity and efficiency (learning outcome 2); The basis and analysis of social welfare (learning outcome 2); Evaluation of the incidence of taxation and its influence on individuals, households and firms (learning outcome 2); An analysis of individual, household, firm and government behaviour (learning outcome 2); Comparison and evaluation of international taxation systems (learning outcome 3); Examine the operation of taxation systems and administrative issues (learning outcome 4); Understand and apply public administration, taxation and other relevant interdisciplinary theories (learning outcomes 1, 2, 3 and 4); The calculation of capital, income and consumption taxes for individuals and firms, to include tax planning (learning outcome 5).
  • ASB-4601: Research Methods (15) (Semester 1)
    Describing and summarising data; Probability and probability distributions; Principles of statistical inference; Correlation and regression analysis; Regression models for panel data.
  • The above modules are compulsory for September intake students. This means that students arriving in September must take all of the above modules.

0 to 90 credits from:

  • January start must take:
  • ASB-4101: Research Methods (15) (Semester 2)
    Describing and summarising data; Probability and probability distributions; Principles of statistical inference; Correlation and regression analysis; Regression models for panel data.
  • ASB-4406: Financial Analysis (15) (Semester 2)
    Balance sheet and income statement analysis; Financial ratio analysis and inter-firm comparison; Trend analysis and financial forecasting; Analysis of profitability and growth; The quality of financial statements, and using financial statements in valuation; Cash accounting, accrual accounting and discounted cash flow valuation; Pricing book values and earnings; Assessment of credit and equity risk.
  • ASB-4418: Accounting Theory (15) (Semester 1)
    Introduction to financial accounting theory; Theories of regulation; Normative theories of accounting; Positive accounting theory; Behavioural accounting theories; Systems-oriented theories; Critical accounting theories.
  • ASB-4419: Advanced Fin Rep & Reg (15) (Semester 2)
    Convergence in International Financial Reporting and Regulation; Conceptual Framework; Regulatory environment of financial reporting; Accounting for Financial Instruments; Accounting for intangible assets; Accounting for Foreign Operations; Financial reporting issues and capital markets.
  • ASB-4420: Management Accounting (15) (Semester 2)
    The use of financial data in assessing business performance; Using this data to set the strategic aims of the organisation; The methods available to the management accountant for developing effective management in any specific situation; Cost classification, allocation and the use of various analytical models; Discussion of the issues of variance analysis; Study of ABC and SABM principles, their strengths and weaknesses, and their place in current management thinking.
  • ASB-4442: Int'l Tax: Policy and Practice (15) (Semester 1)
    The place of taxation in the economy, what it is and its purpose (learning outcome 1). The balance between equity and efficiency (learning outcome 2); The basis and analysis of social welfare (learning outcome 2); Evaluation of the incidence of taxation and its influence on individuals, households and firms (learning outcome 2); An analysis of individual, household, firm and government behaviour (learning outcome 2); Comparison and evaluation of international taxation systems (learning outcome 3); Examine the operation of taxation systems and administrative issues (learning outcome 4); Understand and apply public administration, taxation and other relevant interdisciplinary theories (learning outcomes 1, 2, 3 and 4); The calculation of capital, income and consumption taxes for individuals and firms, to include tax planning (learning outcome 5).
  • The above modules are compulsory for January intake students. This means that students arriving in January must take all of the above modules.

60 credits from:

  • ASB-4907: Accounting Dissertation (60) (Semester 3)
  • ASB-4910: Finc'l Research & CFA Series (60) (Semester 3)
    In the Research Seminar component, the precise content will vary from year to year. This will enable the programme to include staff research specialisms, to reflect current and topical research issues and to adapt to any staffing changes. Indicative content for 2016 (labelling is consistent with the existing ASB4903/4896 module): A1. Corporate governance and executive compensation (Professor John Ashton). C1. Event studies and the measurement of abnormal returns (Dr Gwion Williams). D1. The role of rating agencies in financial markets (Professor Owain ap Gwilym). Each student must attend two of the above research seminars, as follows: MSc Accounting, MSc Accounting and Banking, MSc Accounting and Finance: Seminars A1, C1. MSc/MA Banking and Finance, MSc International Banking, MSc/MA Islamic Banking and Finance, MSc/MA Finance, MSc International Finance, MSc Investment Management, MSc/MA Management and Finance. Seminars C1, D1. MBA Banking and Finance, MBA Finance, MBA Islamic Banking and Finance. Seminars A1, D1. This is applicable to September and January intakes, in both Bangor and London. In the CFA component: Prepare students to undertake a professional exam. Training will cover topics on the CFA Level 1 syllabus. Indicative content for 2016: Ethical and Professional Standards; Quantitative Methods; Economics; Financial Reporting and Analysis; Corporate Finance; Portfolio Management; Equity Investments; Fixed Income Investments; Derivatives; and Alternative Investments.

Optional Modules

0 to 30 credits from:

  • September start choose 2 from:
  • ASB-4125: Invstmt Strat & Portfolio Mgmt (15) (Semester 1)
  • ASB-4405: Int'l Financial Management (15) (Semester 2)
    The financial management of multinational companies (MNCs). The macroeconomic, fiscal, currency and political environments. Determinants of exchange rates, and purchasing power and interest rate parity. Management of exchange rate exposure through forwards, options. Corporate financing decisions and the role of the global financial markets. Cost of capital and performance evaluation; capital investment appraisal. Working capital management and the positioning of funds in the MNC.
  • ASB-4414: Corporate Risk Management (15) (Semester 1)
    The nature of risk management; Risk identification; Business loss exposures; Risk measurement; Probability distributions (uses and limitations); Risk control tools; Risk financing tools; Influence of the market on risk management decisions; The interdependence of insurance and loss prevention decision; Insurance versus alternatives.
  • ASB-4427: Islamic Acc & Fin Reporting (15) (Semester 2)
    Objectives, conceptual framework of Islamic accounting; Islamic Ethics in Accounting; Islamic and conventional Accounting: similarities and differences; Accounting for Islamic financial contracts: Murabaha, Mudaraba, Ijarah and Istisna; Accounting for zakah and provisions/reserves; Accounting for Islamic Mutual Funds, Sukuk and Investments; Accounting for Islamic Insurance (Takaful); Presentation and disclosure for financial statements of Islamic financial institutions.
  • ASB-4437: Merger and Acquisition (15) (Semester 2)
    Theory of the firm: "Build vs Buy"; Current issues in the M&A landscape; Motives for M&A; How do mergers work? When do mergers work? Winners and losers; Valuation in the context of an acquisition; Criteria for value-adding acquisitions; Cross-border vs domestic acquisitions.
  • The above optional modules are available to students arriving in September.

0 to 30 credits from:

  • January start choose 2 from:
  • ASB-4125: Invstmt Strat & Portfolio Mgmt (15) (Semester 1)
  • ASB-4414: Corporate Risk Management (15) (Semester 1)
    The nature of risk management; Risk identification; Business loss exposures; Risk measurement; Probability distributions (uses and limitations); Risk control tools; Risk financing tools; Influence of the market on risk management decisions; The interdependence of insurance and loss prevention decision; Insurance versus alternatives.
  • ASB-4423: Islamic Finance (15) (Semester 1)
    The induction of Riba, Gharar and Maysir; Traditional Islamic financial instruments; The role of the capital market; Risk management and Structured Islamic financial products.
  • ASB-4427: Islamic Acc & Fin Reporting (15) (Semester 2)
    Objectives, conceptual framework of Islamic accounting; Islamic Ethics in Accounting; Islamic and conventional Accounting: similarities and differences; Accounting for Islamic financial contracts: Murabaha, Mudaraba, Ijarah and Istisna; Accounting for zakah and provisions/reserves; Accounting for Islamic Mutual Funds, Sukuk and Investments; Accounting for Islamic Insurance (Takaful); Presentation and disclosure for financial statements of Islamic financial institutions.
  • ASB-4437: Merger and Acquisition (15) (Semester 2)
    Theory of the firm: "Build vs Buy"; Current issues in the M&A landscape; Motives for M&A; How do mergers work? When do mergers work? Winners and losers; Valuation in the context of an acquisition; Criteria for value-adding acquisitions; Cross-border vs domestic acquisitions.
  • The above optional modules are available to students arriving in January.