Accounting and Finance with CIMA with Professional Practice - MSc
Do you currently work in accounting and finance and want to gain a master’s qualification and an accelerated route to chartered status? Do you have a business-related degree and want to move into a career in accounting and finance? This MSc in Accounting and Finance with CIMA (Chartered Institute of Management Accountants) with Professional Practice allows you to develop not only a solid academic underpinning in accounting and finance and a partial professional qualification, but also to gather practical experience in the accounting and finance industry.
With recent changes in the business and financial world, the demand for management accountants is on the increase. Business success relies upon key individuals with a detailed knowledge of the environment in which the business operates and the ability to forward plan and effectively manage risk. The MSc Accounting and Finance (with CIMA) offers you postgraduate level study of the theory, knowledge, analytical and practical skills required for understanding the implications of decision-making within the organisational context. It has been developed in conjunction with the Chartered Institute of Management Accountants (CIMA).
The course allows students to obtain a master’s degree and part qualification as a management accountant, with significant exemptions from the CIMA professional examinations. There is also study support available from CIMA.
The course is delivered full time with start dates in both September and January.
Why ³ÉÈËÖ±²¥?
- This course is designed in collaboration with a professional body which qualifies you both academically and professionally: This collaboration with the offers the opportunity for students to obtain a master’s degree, a prestigious professional qualification (CIMA Advanced Diploma in Management Accounting) and the maximum 11 exemptions from CIMA’s certificate, operational and management level examinations.
- Teaching expertise and care: The course is taught by professionally qualified chartered accountants and academics with industry and research expertise. With the small class size, you will be able to learn from a caring team of finance professionals who will prioritise your career development. Our recent (2023), QSS* results rated postgraduate teaching quality on MSc in Accounting and Finance (with CIMA) at over 97%. (*QSS is an internal survey of ³ÉÈËÖ±²¥â€™s students).
- Diverse career opportunities: Our collaboration with CIMA opens the door to a wide range of role opportunities within a professional capacity - you are not obligated to becoming a chartered accountant. This management accounting qualification is broad enough to lead to key roles in areas of information management, consultancy, operations, commercial, executive as well as, of course, finance.
- Flexible study options: We offer full-time, part-time and single module study options.
- Professional links: The Queen Margaret Business School is a member of the and a signatory member of . This course is designed in close collaboration with the Chartered Institute of Management Accountants (CIMA), the largest management accounting professional body in the world. The course allows its students the maximum level of exemption offered by CIMA to the Management Level Case Study in their global syllabus.
- An accessible route to a new career: This course has been designed in a way that allows students without a finance degree to apply but relevant accounting and finance experience out in the field is preferred.
- Great location: ³ÉÈËÖ±²¥ is located in the UK’s second largest financial centre. Not only does this pave the way for career opportunities on graduation, but also enables us to offer field trips and enlist guest speakers to enhance your learning experience.
- Access to our on-campus Start up Studio: This provides business incubation space for student/graduate-led start-up companies with access to: desk space, a ³ÉÈËÖ±²¥ business address, meeting facilities, Business Gateway support and advice, a profile for your company on the ³ÉÈËÖ±²¥ website, support with marketing materials, and access to entrepreneurial networks within ³ÉÈËÖ±²¥ and other universities, for example, Enterprise Campus, Scottish Institute for Enterprise, Sporting Chance and Converge Challenge.
- We will set you up for study success and build your confidence: Your studies with us begin with an introductory module exploring what it is to be a master’s student, designed to place your postgraduate journey within a supportive environment and enable you to make the post of your postgraduate education, whatever your background. As you progress, you’ll complete a range of skills-based assessments allowing you to demonstrate your practical capabilities to potential employers
Queen Margaret Business School - Hands on Experiential Learning
Accounting and Finance with CIMA (MSc): More information and what you will achieve
On this course you will:
- graduate with expertise in the key areas of financial reporting, management accounting and corporate finance, with a critical awareness of how these areas contribute to a company’s strategic management;
- develop your employability skills such as teamwork, leadership and communication skills;
- be exposed to the financial professional environment while you study at ³ÉÈËÖ±²¥;
- work with real clients and professional mentors, which is a fantastic opportunity to put learning into practice and build skills that will last a lifetime;
- benefit from a choice of three ‘capstone’ modules (Business Consultancy, Business Incubation or Dissertation), each of which is designed to build your skills, knowledge, and employability; and
- develop and nurture your confidence as well as your decision-making abilities.
How will I be taught?
Structure and exit awards
MSc (245 credits). Alternatively, you may like to consider the MSc Accounting and Finance with CIMA (185 credits) route that does not include professional practice and is available both full time or part time.
Teaching, learning and assessment
Teaching comprises a combination of lectures, seminars, tutorials, case studies, field trips and projects. The 'capstone' module for the course is either a 'live' project for a client, the development of a business start-up proposal, or a master's level dissertation. Each of these options is intended to draw together elements of the taught course. The dissertation or project will be facilitated, monitored and assessed by tutors within ³ÉÈËÖ±²¥ and, where appropriate, by staff within the organisation in which it is undertaken.
Assessments will take a variety of forms, including essays, reports, group and individual presentations. The team at the Queen Margaret Business School have worked hard to build a range of assessments that build your skills and academic underpinning to ensure that you are well prepared for working in business.
Teaching hours and attendance
Teaching normally takes place over two or three days midweek, comprising both classroom-based learning and industry learning. You will also be required to carry out independent learning to support your formal teaching. Your specific timetable will vary across modules. Timetables are normally available approximately one month before you commence your studies.
Class sizes
There are normally around 20-30 students in a class. Sometimes, you may have lectures with additional students on other courses who are studying the same modules.
Teaching staff
You can read more about the teaching staff on this course at the bottom of this page. Please note that teaching staff is subject to change.
Modules
You will study the following modules:
- International Financial Reporting (15 credits): This module seeks to deepen and broaden your ability to prepare, analyse and critically interpret financial statements. It will enable you to explore the principles and theories of international financial reporting and analysis and introduce you to recent critical debate on the sufficiency of conventional financial accounting practices.
- Finance for Management (15 credits): This module develops your critical understanding of essential management accounting and finance topics within a business environment, enabling you to develop high-level understanding of how financial information helps to make informed and accurate management decisions.
- Advanced Management Accounting (15 credits): This module extends the techniques of management accounting in its role in shaping short- and long-term decision-making, in analysis, planning and control. This module also places management accounting techniques within its strategic context to help you understand how you can support the strategic objectives of a business.
- Corporate Financial Management (15 credits): This module is designed to introduce key concepts and principles of modern finance and financial management and apply them to the main decisions faced by financial managers.
- Research Methods: Problems and Solutions (20 credits): This module is designed to develop both your theoretical research knowledge, and your practical insights into the purpose, nature, execution, and value of research approaches and how these can be effectively utilised in the solving of problems in the context of academic knowledge creation or organisational professional practice.
- Contemporary Issues in Business and Society (15 credits): This module aims to enable you to reach a well-grounded understanding of the theory and practice of international management and relate it to events taking place at a global and national level. Utilising the United Nations Sustainable Development Goals as a discursive element within the module, the ways in which business can positively contribute to achieving these will be critically evaluated. This module also explores what it is to be a Master's student so that all students enrolled in the course can access this higher level of postgraduate education in an effective manner.
- Data Analytics for Management Decision-Making (15 credits): This module explores the sources of data, how that data is collected, processed, and presented, and then continues the data lifecycle by considering how this is used within informed decision-making processes within contemporary enterprises. With so much data noise, how can business be certain that the data they are using is reliable and valid? How can they then link that to a primary function within management and leadership, making decisions? Using case studies, debate and in-class scenario exercises, the module will link data and action in an interesting and informed manner.
- Strategic Management (15 credits): Strategic management concerns itself with assessing what’s important, determining how to get there, and avoiding the potential pitfalls. By focusing on long-term sustainable success, it enables practitioners to avoid the noise of the day-to-day. The module incorporates strategic concepts, tools, and techniques that organisations can employ to assess their environment and resources and make strategic decisions towards long-term success. This is a mandatory module for all Queen Margaret Business School MSc courses. Much of the knowledge and skills developed in this module are transferrable and useful in a broad range of management functions.
- Professional Practice Internship (60 credits): Upon completion of the taught course above, you will also undertake an internship (60 credits), in an area where you plan to develop your career. Working with the Internship team, you will source and develop an internship in partnership with both the provider and the University. Within your internship you will be working towards the attainment of the internship learning aim and outcomes that you have set, and you will reflect upon your experience for your assessment. The internship experience is supported by an academic internship specialist and there is a taught programme that supports all students through this process.
- Dissertation (60 credits): In addition, you will also complete a Dissertation after the internship programme has been completed. For the dissertation, you will develop, plan and critically evaluate a substantial academic research project around a research topic of your choice, and in a relevant degree subject related area. It will be written up in the form of a 12,000-word dissertation.
NB The modules listed are correct at time of posting (October 2024) but are subject to change. In the event that modules change, ³ÉÈËÖ±²¥ will seek to use reasonable endeavours to ensure that there is no detrimental impact on students.
Career opportunities
This course is designed to allow you to pursue a MSc, a professional qualification as a chartered management accountant, and, at the same time, to build relevant practical experience in the industry.
We expect our graduates to find employment in businesses, financial services, public sector organisations, consultancy practices and accountancy firms. Example job titles include: Accountant, Finance Manager, Finance Director, Investment Analyst, Risk Manager, Finance Planning Analyst, Wealth Manager. Additionally, students can start up their own businesses during the course with support from the University.
Accounting and Finance with CIMA (MSc): Entry requirements and application information
Entry requirements
Applicants should have a UK honours degree or an overseas qualification of an equivalent standard in a related accounting/finance/business management area.
We also welcome applicants with an ordinary (non-honours) degree who can show a period of relevant post-graduation work experience in accounting and finance or additional capabilities.
International: You will be required to provide evidence of English language competence at no less than IELTS 6.5 with no individual component score less than 6.0.
Accreditation of prior learning: You may be granted exemption from studying a module or modules up to a maximum of 60 credit points, provided you can demonstrate successful achievement of all the learning outcomes.
Other information
Fees for this course are calibrated to incorporate the CIMA registration fee, and the exam fee for the first attempt of the CIMA Management Level Case Study. You will have access to a one-year subscription of CIMA study materials for exam preparation. The fees also cover all transport and activities for practical classes or field trips. More information is available on our Fees and Charges page.
Disability/health conditions
If you have a disability, long-term physical or mental health condition, or learning disability, it should not stand in the way of your studying at ³ÉÈËÖ±²¥. However, if you are not sure whether your disability might be a barrier in your studies or in relation to the professional standards, please contact the disability service where someone will be able to have a conversation with you about reasonable adjustments and supports available to you.
Applying for this course
For more information on applying, or to apply for this course, please follow the links in the 'Start your application' box at the top right of this page.
Application deadline
Home students: End of August for September 2025 start and December for January 2026 start.
International students: Typically end of June for September 2025 start and end of November for January 2026 start.
Please note applications may close sooner should the course become full.
Terms and Conditions
The delivery of this course is subject to the terms and conditions set out in our 2025/26 Entry - Terms and Conditions (Postgraduate).
More information and ³ÉÈËÖ±²¥ contacts
Contact Dr Mo Yan (Programme Leader) or contact Admissions
Opportunities to meet us
We would be delighted to arrange a visit to the University when we can tell you even more about the courses and facilities.
Queen Margaret Business School Affiliations
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