Master of Science in Finance & Accounting (MSFA)
Validated, Quality Assured, and Degree Awarded by renowned Universities.
Introduction
The Master of Science in Finance & Accounting is designed to provide students with a comprehensive understanding of the principles and practices in finance and accounting. This program integrates advanced theoretical knowledge with practical applications to prepare students for leadership roles in financial management, corporate finance, auditing, and strategic planning. Through a blend of coursework, research, and real-world experiences, students will develop the skills needed to navigate the complexities of the financial world.
Course/Special Features:
- Study Mode: Self Paced Learning System (Online-Distance Learning)
- Books/ Study Material: Completely FREE
- Case-Assignment based learning
- Practical focused modules
- Work simulation based curriculum
- Mobile friendly Learning Management System
- Video Tutorial Available
Program Objectives
Eligibility & Entry Requirements
Clear pathways to begin your academic journey with us.
Standard Entry Route
- Participants must have the facility of smart phone or laptop or computer to maintain the program activity.
- At least 1 year of working experience.
- Sufficient English language proficiency.
- Recognized Bachelor Degree in any field or Recognized Post Graduate Diploma (PGD)
Mature Entry Route
Evaluated on a case-by-case basis
- Candidates who have completed HND Level 5 (Higher Diploma) should possess at least 4 years of professional working experience in the field of Business, Management, or related areas of working experience.
- Candidates who have completed HND Level 4 (Diploma) should possess at least 7 years of professional working experience in the field of Business, Management, or related areas of work.
- Candidates without any prior tertiary education and qualification should possess at least 10 years of professional working experience in the field of Business, Management, or related areas of work.
Knowledge & Transferable Skills
The Master's program structure enables delegates to acquire the following capabilities:
Program Modules
8 modules plus an Action Research Paper. Click any row to explore the learning outcomes.
U-1: Generational Forms of Business
U-2: Organization, Objectives & Decisions
U-3: Managerial Economics
U-4: Introduction to Accounting
U-5: Introduction to Financial Management
U-6: Source of Finance
Introduction:
This subject provides a foundational overview of the business environment, emphasizing the role of finance and accounting. Students will learn the basic principles of financial management, the structure of financial statements, and the key concepts in accounting. This course sets the stage for more advanced studies by introducing the core elements that drive business decisions and financial strategies.
Learning Outcomes:
1. Understand the fundamental concepts of business, finance, and accounting.
2. Analyze and interpret basic financial statements and accounting reports.
3. Apply foundational principles to evaluate financial performance and make informed business decisions.
4. Develop a comprehensive understanding of the business environment and the role of finance and accounting within it.
U-1: Fundamentals of Corporate Accounting
U-2: Different Accounting Concepts
U-3: Role and Functions of Accountant in organization
U-4: Recording and classifying business transactions
U-5: Financial Statement: Preparation & Analysis
U-6: Cash and Fund Flow Management
Introduction:
Corporate Finance & Accounting delves into the financial decision-making processes within corporations. Topics include capital budgeting, capital structure, dividend policy, and mergers and acquisitions. Students will explore how financial strategies are formulated and implemented to maximize shareholder value and ensure the financial health of the organization.
Learning Outcomes:
1. Master the principles of corporate finance, including capital budgeting, capital structure, and dividend policy.
2. Evaluate corporate financial strategies and their impact on shareholder value.
3. Understand and analyze mergers, acquisitions, and other corporate restructuring activities.
4. Apply advanced accounting practices to manage corporate financial information and reporting.
U-1: Introduction to Management Accounting
U-2: Strategic Cost Management
U-3: Budgeting & Budgetary Control
U-4: Decision Analysis and Capital Budgeting
U-5: Cost-Volume-Profit (CVP) Analysis
U-6: Activity-Based Costing (ABC) and Activity-Based Management (ABM)
Introduction:
This subject focuses on the principles and practices of cost accounting and management accounting. Students will learn how to use cost information for planning, controlling, and decision-making. Topics include budgeting, variance analysis, cost allocation, and performance measurement, enabling students to contribute effectively to managerial decision-making processes.
Learning Outcomes:
1. Develop proficiency in cost accounting techniques and their application in business decision-making.
2. Analyze and interpret cost information for budgeting, variance analysis, and performance evaluation.
3. Implement management accounting strategies to enhance organizational efficiency and effectiveness.
4. Use cost data to support strategic planning and operational control.
U-1: International Financial Reporting Standards (IFRS)
U-2: Accounting for income taxes
U-3: Fair Value Accounting
U-4: Consolidation and Business Combinations
U-5: Accounting for Derivatives and Hedging
U-6: Financial Reporting Ethics and Compliance
Introduction:
Advanced Financial Reporting and Analysis covers the preparation and interpretation of complex financial reports. Students will gain a deep understanding of financial statement analysis, consolidation, and the application of international financial reporting standards (IFRS). This course emphasizes analytical techniques to evaluate financial performance and support strategic decision-making.
Learning Outcomes:
1. Prepare and interpret complex financial statements in accordance with international financial reporting standards (IFRS).
2. Conduct detailed financial statement analysis to evaluate an organization’s financial health and performance.
3. Understand and apply consolidation techniques for group financial statements.
4. Utilize advanced analytical tools to support strategic decision-making processes.
U-1: Mergers and Acquisitions
U-2: Time Value of Money
U-3: Investment Decision Rules
U-4: Operating and Financial Leverage
U-5: Dividend, Policy, and Decision Making
U-6: Foreign Exchange Rate
Introduction:
This subject integrates advanced accounting practices with financial strategy formulation. Students will explore topics such as strategic cost management, financial planning, and value- based management. The course aims to develop strategic thinking skills and the ability to align financial practices with long-term organizational goals.
Learning Outcomes:
1. Integrate advanced accounting practices with strategic financial planning.
2. Develop and implement financial strategies to achieve organizational goals.
3. Analyze the impact of financial strategies on business performance and value creation.
4. Utilize strategic cost management techniques to enhance competitive advantage.
U-1: Good Governance for Corporate
U-2: Audit, Control & Compliance
U-3: Introduction to Internal Audit
U-4: Control Concepts and Framework
U-5: Internal Control & Fraud Detection
U-6: Audit Evidence & Documentation
Introduction:
Governance, Audit & Financial Compliance examines the frameworks and standards that ensure the integrity of financial reporting and corporate governance. Students will study internal controls, risk management, and auditing practices. The course also covers regulatory compliance, ethical standards, and the role of governance in fostering transparency and accountability.
Learning Outcomes:
1. Understand the frameworks and standards governing corporate financial reporting and compliance.
2. Evaluate internal control systems and risk management practices.
3. Conduct comprehensive audits to ensure accuracy and integrity in financial reporting.
4. Apply ethical standards and regulatory requirements in financial practices and decision- making.
U-1: Strategic Planning and Financial Goals
U-2: Financial Modelling and Business Valuation
U-3: Working Capital Management
U-4: Corporate Growth and Sustainability
U-5: Financial Decision Making under Uncertainty
U-6: Ethics in Strategic Financial Management
Introduction:
Strategic Financial Management focuses on the integration of financial management with strategic business planning. Students will learn about financial forecasting, strategic investment decisions, and the management of financial resources to achieve competitive advantage. This course emphasizes the role of financial strategy in driving organizational success.
Learning Outcomes:
1. Integrate financial management principles with strategic business planning.
2. Develop financial forecasts and models to support strategic decision-making.
3. Analyze and manage strategic investments to achieve long-term business objectives.
4. Utilize financial resources effectively to drive organizational success.
U-1: Principles of Financial Engineering
U-2: Tools and Techniques for Managing Market Risk
U-3: Credit Risk Modelling and Management
U-4: Operational and Integrated Risk Management
U-5: Derivatives and Structured Financial Products
U-6: Quantitative Methods in Risk Management
Introduction:
Risk Management and Financial Engineering explores the identification, assessment, and management of financial risks. Students will study various financial instruments and techniques used to hedge risks, including derivatives, options, and futures. The course also covers financial engineering principles to design innovative financial products and solutions tailored to specific risk management needs.
Learning Outcomes:
1. Identify, assess, and manage various types of financial risks.
2. Understand and apply financial instruments and derivatives for risk management.
3. Develop innovative financial products and solutions using financial engineering principles.
4. Implement strategies to hedge against financial risks and enhance organizational stability.
Course Overview
A comprehensive breakdown of the program structure, assessment methodology, and grading criteria.
Study Mode
Self-Paced Learning System (Distance Learning)
Assignments
Each Module contains 01 (One) Final Assignment.
Action Research Paper
One Action Research Paper at the end of the study.
Assessment & Grading Scale
Assessment Information
Understand how your learning progress will be evaluated throughout the program.
Unit Assignments
Each Module contains 01 (One) Final Assignment.
Action Research Paper
One Action Research Paper at the end of the study.
After Completion
You Will be receiving the following certificates as specified below:
The degree certificate and transcript will be issued by your chosen university.
The Master of Science in Finance & Accounting (MSFA) program is validated, audited, quality-assured and degree awarded by designated partner university for the programme.
Prospective candidates have the flexibility to choose their own joining date in the programme. Our dedicated team of experts is available to provide guidance and support throughout the decision-making process.
Choose Your prefered University
Admission Process & Documentation
Follow these steps and prepare standard documentation to successfully enroll.
The steps to apply
Submit Documents
Submit all required documents.
Initial Review
Initial review for eligibility.
Application Form
If selected then receive the application form.
Offer & Invoice Issued
Offer Letter and enrollment Invoice issued to those who are found eligible by WARD.
Fee Payment & Acceptance
Make fee payment. Official Acceptance Letter issued by renowned Universities.
Orientation
Academic Orientation.
Portal Access
Get access to WARD's Learning Management System (Learning Portal).
Required Documents
Application Tips
- Submit your application early to secure your preferred start date.
- Ensure all documents are clear, complete, and properly formatted.
- Contact our admissions team if you have any questions.
Free Assessment
Submit your documents to info@higherstudies.uk and get a FREE Assessment!
How you will learn
Our flexible learning model combines the structure of traditional education with the freedom of online learning. Access course materials, submit assignments, and connect with peers and instructors—all at your own pace.
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Frequently Asked Questions
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