Master Accounting & Control

vuControl the finer points of financial management and financial statements, master the world of accountancy and corporate governance

IFRS: a help or a headache?
Well, maybe the International Financial Reporting Standards are a bit of both. But rest assured, this Master’s will give you a solid grounding in IFRS, one that will enable you to understand the increasing complexity of state-of-the-art financial reporting.

How much is too much?
The rewards reaped by top managers are the subject of a heated debate, and it doesn’t look like things will cool down anytime soon. You will learn how to combine a legal perspective with insights from management accounting and control to design robust corporate governance mechanisms.

Parttime study Master Accounting & Control?
The VU University offers the Master Accounting & Control also in a parttime programme. The parttime programme is taught in Dutch. It is also possible to combine the parttime programme with the postgraduate education Accountancy. For more information of the parttime study Master Accounting & Control and postgraduate Accountancy we refer to: www.hetbetereweten.nl

Study programme
Our Master in Accounting and Control is a one-year programme consisting of a minimum of seven courses and a thesis. The programme sets a quick pace, with short, focused teaching periods of six weeks, followed by exams. The core of the programme consists of required courses in financial reporting, management accounting, corporate law, corporate governance and empirical research in accounting. In addition, you will have the opportunity to take a range of electives on subjects such as auditing, accounting information systems, management control, corporate finance and accounting theory. Courses typically consist of a mixture of lectures and active teaching methods, involving both individual and group work.

Finally, you will write a Master’s thesis worth 18 credits. Your thesis will demonstrate that you possess both the knowledge of the discipline expected of an aspiring professional, and the research, analytical and reporting skills required of a competent researcher.

Specializations
The Master’s programme in Accounting and Control provides you with a clear overview of current developments in both theory and practice. The programme will give you a solid basis for further specialization in a wide range of careers. You can choose your own electives and the topic for your thesis. This means that you can give an individual flavour to your studies according to your own interests.

Common specializations include:

Controlling
Remaining in control of operational and financial processes is one of the major challenges facing the management of all eterprises. In large corporations, the control function is now a vital part of the organization, and the chief financial officer is frequently a key member of the management team. If you are interested in pursuing a career in this area, either in the private or public sector, you will find the core courses in management accounting and corporate governance of interest. In addition, you can choose electives relating to corporate finance and management control.

Accountancy
In a globalizing economy, companies are under increasing pressure to provide high-quality public accountability in the form of reliable and transparent financial information. In response, the accountancy profession has developed into one of the major and most internationalised professional service industries. The legal audit of published financial statements remains the core of the auditor’s work, and it is also central to the curriculum of the Master’s programme. If you are thinking about taking this specializatirganin, then you will appreciate the thorough grounding in International Financial Reporting Standards, which is a standard course in this programme. Additional electives will help you to deepen your understanding of the economics of accounting and auditing, and you can also gain exposure to professional standards and practices in auditing.

Admission and application
There are strict admission criteria. These are set by the Admissions Board, which also decides on individual applications. The requirements are split up into Master specific requirements and general requirements. Please read them both carefully:

General requirements for holders of a(n):

Specific admission requirements Master’s programme Accounting and Control:
You can gain direct access to the Master’s programme in Accounting & Control with a university Bachelor’s degree in Economics, Business Administration or Econometrics. However, you must have successfully completed the following subjects from the VU-curriculum, or their equivalents at other universities:

  • The compulsory core subject Accounting (kernvak Accounting)
  • The Accounting tutorial (werkcollege bij kernvak Accounting)
  • Financial Statement Analysis
  • Management Accounting
  • Accounting Information Systems
  • Methods and Techniques for Business Economics Research.

Substantively, entry-level knowledge is expected to be equivalent to a thorough familiarity with the following literature:

Financial Accounting Elliott&Elliott, Financial Accounting, Reporting and Analysis (International edition, Prentice Hall)
Management Accounting Horngren, Foster & Datar, Cost Accounting: A Managerial Emphasis (Prentice Hall)
Quantitative methods Berenson, Levine & Krehbiel, Basic Business Statistics, Concepts and Applications (Prentice Hall)
Financial Statement Analysis Palepu, Bernard & Healy, Business Analysis and Valuation (either US GAAP or IFRS edition)

Contact and information days