MSc Programmes in Finance

The objective of module is to familiarise graduate students with accounting concepts needed for interpreting financial reports prepared for both external and internal users. The whole perspective of this course is that of the users of accounting information. However, understanding of accounting mechanics helps the users. Operating, investing, lending and regulatory decisions use financial statement information. Major components of the course include an introduction to the basic accounting model; application of generally accepted accounting principles in preparing income statements, balance sheets and statements of cash flow. We also study managerial accounting, which is concerned with different issues than financial accounting. Effecting control through budgets and evaluating performance fall within its realm. In contrast to financial accounting, managerial accounting focuses on providing data for internal uses by the manager; places more emphasis on the future; and is not governed by generally accepted accounting principles. Neither prior management experience nor exposure to accounting is a course prerequisite. You should be able to reason clearly, express yourself with facility and read and understand material drawn from the textbook and financial press.