Master of Science in Accounting

Aalto University

Program Description
EFMD Equis Accredited
AACSB Accredited

Master of Science in Accounting

Aalto University

The Master’s Programme in Accounting provides students with in-depth expertise in the production and use of financial information. Aalto University School of Business is the first business school in the Nordic countries to have received all three labels of excellence from the world’s leading business school accreditation bodies: AACSB, AMBA and EQUIS. This Triple Crown status is an honour held by only a few business schools worldwide.

Accounting is an invaluable tool for finding financially sound, workable solutions to often complex and ambiguous managerial challenges. In the Accounting Master’s Programme you learn a truly global language of business life and enterprise management.

Reliable, valid and focused financial information, for both financial accounting and management accounting purposes, is increasingly important in the often turbulent contemporary organisations.

Study Experience The content and focus of the Master’s Programme in Accounting differ according to its two optional areas of specialisation. You can specialise in one or two of the following fields:

Management accounting focuses on the preparation and use of financial and non-financial information serving the needs of managerial control and decision making. The core topics in this area of specialisation include accounting for management control, strategic management accounting, capital investment decisions, and management accounting information systems.

Financial accounting focuses on the preparation and use of financial statement information serving the needs of outside stakeholders, especially the decision making of debt and equity holders. The core contents in this area of specialisation include theories of financial statements, international and national accounting standards, issues in group accounting and consolidated financial statements, as well as auditing theory and practice.

In addition, the Master's Programme in Accounting provides students with knowledge and expertise in financial statement analysis, company law, financial institutions, corporate governance, as well as different research methodologies.

Learning outcomes The Master’s Programme in Accounting educates skilled professionals in the production and use of financial information of companies and other organisations.

Students graduating from the programme know how to generate, analyse, interpret and communicate financial information for managerial purposes as well as for the needs of outside stakeholders. They are able to contribute effectively to the development of management information systems. As experts in accounting they are able to impact and contribute to the strategic and operative decision making of the management.

The general management skills the programme aims to foster include the student’s analytical ability, teamwork, and problem solving skills. Students have the opportunity to reflect challenging issues in business ethics and to develop their international business communications skills at an advanced level.

Career prospects The graduates of Accounting are typically employed as business controllers, chief financial officers, financial analysts, loan officers, business consultants, auditors, and similar positions requiring high level professional expertise in accounting. The programme provides prerequisite knowledge to pursue post graduate doctoral studies.

Specialising in management accounting prepares for general management positions often in multinational companies. With the management accounting emphasis in your studies, you are equipped with the tools for solving strategic and operational problems – ranging from marketing and customer service to logistics, production and outsourcing.

The financial accounting and auditing emphasis in your studies sets you on a path that often leads to top level auditing assignments. The programme prepares professionals for typically the largest international auditing firms, consulting agencies and financial services companies. Management consultants who master financial accounting become advisors, for instance, in industrial restructuring situations. With financial accounting expertise you may work for the financial industry, for example analysing the financial position of potential investment targets in an equity portfolio.

ADMISSION REQUIREMENTS

1. General admission requirements

The application must first fulfill the general eligibility requirements before it is sent to the Master's programme for academic evaluation. Please read carefully the general admission requirements, information on admission groups, selection schedule, required application documents and application instructions on our website section admission. See also language requirements.

In addition to the general eligibility requirements, each Master's programme has programme-specific evaluation criteria.

2. Programme-specific requirements

The admission group depends on the degree you are applying with. Only applicants with a lower university degree in “Economics and Business Administration” completed in a university in Finland apply in Admission Group 1. The name of the degree is kauppatieteiden kandidaatti, KTK in Finnish. All other applicants apply in Admission Group 2.

ADMISSION GROUP 1

To be considered for admission, the applicant must have completed at least 30 ECTS credits of studies in Accounting and/or closely related subjects. The studies must include:

  • a minimum of two courses (at least 12 ECTS credits in total) in financial accounting, and
  • a minimum of two courses (at least 12 ECTS credits in total) in management accounting, and
  • a minimum of one course (6 ECTS credits in total) in financial accounting, management accounting, corporate finance, or business law.

Applicants are evaluated on the basis of the GPA of their degree granting eligibility to apply. Additional studies outside the degree are not considered for GPA. Applicants with GPA lower than 3.50 are not eligible for admission.

In case of a tie, the applicants are evaluated on the basis of the number of credits and the grades of studies in Accounting. In this case, higher education level Accounting studies outside the degree granting eligibility to apply can be considered. The applicants are not interviewed.

ADMISSION GROUP 2

The applicant must have completed at least 30 ECTS credits of studies in Accounting and/or closely related subjects. The studies must include:

  • a minimum of two courses (at least 12 ECTS credits in total) in financial accounting, and
  • a minimum of two courses (at least 12 ECTS credits in total) in management accounting, and
  • a minimum of one course (6 ECTS credits in total) in financial accounting, management accounting, corporate finance, or business law.

Academic background in Economic Sciences is considered an advantage.

Applicants are ranked on the basis of their GMAT/GRE score. In case of a tie, the applicants are evaluated on the basis of the number of credits and the grades of studies in Accounting. In case of a tie, the ranking of the degree granting institution can be considered. The applicants are not interviewed.

Evaluation of previous studies or economic sciences background will not be commented by the programme before the admission decisions have been made.

This school offers programs in:
  • English


Last updated June 21, 2016
Duration & Price
This course is Campus based
Start Date
Start date
Sept. 2016
Duration
Duration
2 years
Full time
Price
Price
Free
Information
Deadline
Start date Sept. 2016
Place
Finland Helsinki
Application deadline Request Info
End date Request Info
Duration 2 years
Price Free