115
.lums.lancs.ac.uk/departments/accounting
www
These programmes are based on the taught components of the Both the MPhil and PhD degrees are awarded after successful
MSc in Accounting and Financial Management and MSc in Finance completion of research training, directed study and a thesis. The
respectively, as described above. Content differs from that of the broad objective of the research training offered is to develop
Masters programmes in that Postgraduate Diploma candidates take researchers capable of taking up positions as academic teachers
only a part of the Summer Term module, and are required to and researchers in leading universities, or intellectually and
submit an assignment instead of a dissertation. Candidates
technically demanding positions in business and the public sector.
registered for a Diploma do not have an automatic right to transfer
The programmes are designed to produce graduates with the
to a Masters programme. However, a candidate who obtains a
specialist skills and insights necessary to become productive
sufficiently high standard in the Michaelmas and Lent Term
researchers of international standard. They are also aimed at
modules may be permitted to transfer to a Masters degree, which
providing a sufficiently wide perspective on finance, accounting
will involve the preparation of a dissertation.
and other management areas to enable scholarly discourse across a
range of areas beyond their immediate research specialisms. The
These Postgraduate Diplomas are not preparatory programmes for
communication and presentation skills necessary for effective
the Masters.
dissemination of research and teaching are also emphasised in the
programmes.
MSc in Money, Banking and Finance
Accounting and Finance
Please see entry under Economics.
Depending on your area of specialism, you are required to take
modules in Research Methodology, Finance Theory, Accounting
RESEARCH DEGREES
Theory, Quantitative Techniques and Qualitative Research Methods.
We welcome suitably qualified candidates for MPhil/PhD interested
in conducting research in any of our main areas of academic
RESEARCH AREAS
specialisation. It may also be possible to arrange supervision in
The Department has been consistently ranked by the UK Higher
topics outside these areas; where appropriate, this may involve
Education Funding Council in the highest research quality category,
registration on the Management School’s inter-disciplinary PhD in
corresponding to research of international excellence.
Management programme.
MPhil/PhD
Faculty members regularly publish in top academic and professional
journals and a number have acted as editors of academic journals.
They also act as consultants for banks and other commercial
Entry Requirements: Normally a relevant Masters degree gained at
organisations, and for accounting regulatory organisations.
distinction level or with an overall score of at least 70%. In rare cases,
students possessing a ‘research-relevant’ upper second or first class
Our recent published research output and funded research projects
Management School:
Bachelor’s degree may be entered directly into the research degree
include:
programme. Graduate Management Admissions Test (GMAT) score
often required for non-U.K. qualifications before an offer of a place
can be considered. An interview may also be required.
• The expected payoff and true probability of exercise of European
Assessment: Original research and thesis.
options
IELTS: Typically 7.0 or TOEFL 600 (paper-based test), 250 (computer-
• Intra-day effects of foreign exchange intervention by the Bank of
based test), 100 (internet-based test).
Japan
Funding: ICRA, ESRC and University Studentships - see also page 196.
• The increasing use of non-executive directors: its impact on UK
Further Information www.lums.lancs.ac.uk/departments/accounting
board structure and governance arrangements
• Trading volatility spreads: a test of index option market efficiency
• Wall Street’s contribution to management accounting: The Stern
Stewart EVA™ financial management system
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