Financial and Management Accounting, M.Sc.

  • Application Deadline
  • 24 months
    Duration
  • English (schedule IELTS)
    Language
University rank #251 (WUR) ,
The International Master’s Degree Programme in Financial and Management Accounting (FMA) at University of Oulu is a two-year programme concentrating on the analysis of accounting information for the needs of a company’s internal decision-making as well as for outside investors. 

About

The programme will give you relevant expertise and core knowledge towards the adaption of an international financial reporting system, and help develop skills matching the growing need for management control and accounting of internationally operating firms.

The MS in Financial and Management Accounting programme delivered at University of Oulu is part of several international Master’s programmes at Oulu Business School. Studying at OBS has become a genuinely multicultural experience, as international degree students, exchange students from all over the world, and of course Finnish students are attending the courses of the FMA programme. A firm connection to working life is given through real-life projects, case studies and national competitions you can participate in in the scope of your studies. The mix of lecturers being OBS professors, guest professors and practitioners guarantees that you will develop a diversified perspective on current issues in accounting.

Whether you aim at pursuing an academic career or working in the industry after finishing your studies, you will be well-prepared for both options

Possible titles include:
  • Chief Financial Officer
  • Controller
  • Auditor
  • Financial Analyst
  • Consultant

Students applying for the programme must possess an applicable B.Sc. degree in one of the following fields of study: business studies, social sciences, education, natural sciences, mathematics, or engineering.

Accreditation

  •  It is an internationally comparable degree in Economics from an AASCB accredited business school

Programme Structure

In particular, you will go through at least the following topics:
  •  international financial reporting
  • corporate governance
  • econometrics
  •  management control
  •  auditing
  •  firm valuation
  •  cost accounting
  •  financial analysis
  •  globally responsible business

The 2-year programme has two specialization options:

  •  Financial Accounting
  •  Management Accounting

After the first semester, each student decides to pursue with a focus on courses of one of the two specializations.

Financial Accounting explores profit and loss accounting, usage of financial statement data in decision-making, incentive compensation of top management, auditing, and firm valuation.

Management Accounting focuses on cost accounting, budgeting, capital investment planning, and management control.

Optional modules make it possible to widen your expertise into:

  •  the respective other specialization option
  • finance
  • economics
  •  practical expertise (internship)

Detailed Programme Facts

  • More details: You can apply between 14th and 28th of March.
  • Programme intensity Full-time
    • Full-time duration 24 months
  • Credits
    120 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus

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English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Schedule IELTS
  • Minimum required score (Grade C):

    180

    The CAE test – or the Cambridge Advanced English – is an exam for applicants who wish to get a Certificate in Advanced English. To receive the Advanced certificate, test-takers must score between 142 and 210 on the Cambridge English: Advanced test.

    Note: degree programmes and applications may require a more specific minimum score for admission.

  • Minimum required score:

    580

    The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).

  • Minimum required score:

    92

    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Academic Requirements

  • An appropriate bachelor's, or higher level degree (or equivalent) completed in a university is required of applicants. In addition, students with a BBA degree (tradenomi) from a Finnish polytechnic institute (ammattikorkeakoulu) are eligible.
  • A successful applicant has obtained their first academic degree, normally a Bachelor’s degree or equivalent, from an institution of higher education. As a rule, the Bachelor’s degree is the lower academic degree. This degree should be equivalent of at least three years of full-time studies (180 ECTS).
  • All applicants are required to prove a high level of proficiency in English language. All programmes ask the applicant to demonstrate their level of English language

Tuition Fee

  • International Applies to you

    12000 EUR/year
    Tuition Fee
    Based on the original amount of 12000 EUR per year and a duration of 24 months.
  • EU/EEA Applies to you

    Free
    Tuition Fee
    Based on the original amount of 0 EUR per year and a duration of 24 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for Oulu

  • 660 - 1040 EUR/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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Together with the ISIC Association and British Council IELTS, StudyPortals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.