Modules for course N4AK | MSC/ACB
MSc Accounting and Banking
This is a provisional list of modules to be offered on this course in the 2019–20 academic year.
The list may not be complete, and the final course content may be different.
- ASB-4411: International Banking (15) • Overview of financial management at modern banks; • Current trends and impacts of foreign banks • Origins and evolution of international banks and markets • Evaluating country risks; • The location decision; • Diversification, risk and value • Syndicated lending; • Financial crises; • Issues in international bank regulation; • Issues in executive compensation
- ASB-4418: Accounting Theory (15) 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-4101: Research Methods (15) Describing and summarising data; Probability and probability distributions; Principles of statistical inference; Correlation and regression analysis; Regression models for panel data.
- ASB-4402: Bank Financial Management (15) External and internal drivers that shape bank financial management; Financial and performance analysis; Asset and liability management; Lending and securitisation; Risk and capital adequacy; Capital allocation and VAR (Value-At-Risk) modelling; Current issues in bank financial management.
- ASB-4406: Financial Analysis (15) 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-4419: Advanced Fin Rep & Reg (15) 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.
60 credits from:
- ASB-4902: MSc Dissertation (60) (Semester 3) Core There is no set syllabus. The dissertation encourages students to develop a critical awareness of the professional skills relevant to the strategic management of a variety of business practices. Students choose their research topic, provided that there is suitable and sufficient reading material available, and a member of staff is available to supervise in the chosen area of study.
- ASB-4907: Accounting Dissertation (60) (Semester 3) Core
- ASB-4910: Finc'l Research & CFA Series (60) (Semester 3) Core 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.
30 credits 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-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-4446: Financial Ethics & Regulation (15) (Semester 1) The lecture programme will outline the principle areas of content with specific skills honed within seminars. The lecture programme will be introduced through considering past cases of poor ethical practice in financial services industry to motivate the subsequent studies. The module will then develop to consider moral and normative ethics in a business context, the application of ethical principles within key financial services areas including lending, investment and trading. The lecture programme will then consider the role of individuals, organisations and corporate governance arrangements in financial services decision making, expected professional standards and the evolution of conduct of business regulation internationally within the financial services industry.