入学要求 Requirement：
学术要求： A 2.1 degree in Economics; Finance; or an equivalent qualification from overseas. All applicants would be required to have a minimum background in mathematics or statistics; accountancy; and economics or finance.
英语要求：•IELTS: 6.5 (min 6 in all areas)
•TOEFL Paper test: 580 (TWE 4.5)
•TOEFL Internet test: 92 (R20, L20, S20, W20)
学费 Tuition Fee：2011/2012 £13,860
课程特征 Course Features：
The programme includes topics such as the theory of finance, company valuation, the assessment of corporate risk, international accounting standards, corporate governance and financial statement analysis. Subsequently, it provides a solid platform for a successful career in the financial sector and financial accounting.
The aim of this course is to produce graduates who have a sound knowledge of both accounting standards and corporate governance, as well as their role in the operation of financial markets. It will provide a solid platform for a successful career in the financial sector.
课程内容 Course Content ：
Core Modules
Introduction to Quantitative Methods
Main topics of study: introduction to econometrics; further aspects of two variable relationships; the 'classical' regression model; OLS; specification; heteroscedasticity and GLS; dynamics, specification and error correction; logit and probit; predicting of acquisitions; company failure.
Financial Theory
Main topics of study: option pricing theory; capital structure and the cost ofcapital; dividend policy and mergers.
Company Valuation and Performance
Main topics of study: the annual report, the annual review, web pages; the changing reporting environment ASB discussion paper - year end financial reports: improving communication; the financial statements; other regulatory and voluntary elements of the annual report, including audit and corporate governance; techniques of analysis; prediction of corporate failure and ‘Z’ scores; techniques of communication and presentation: structural, narrative, visual; perpetuity and residual income models of valuation; earnings management; the predictive properties of accounting numbers; the conservatism in accounting principles.
Accounting and Corporate Governance
Main topics of study: the variation in accounting standards across the major economies and their economic significance; accounting for intangibles;
accounting for financial instruments and directors' share options; accounting for comprehensive income; the Cadbury report, the Greenbury report, the Hampel report and the combined code on corporate governance; directors: independence, responsibilities, remuneration; internal control; audit: internal, external, audit committees; independence; shareholders; the role of institutional shareholders; metrics to measure corporate governance.
Dissertation
Recent examples of dissertations by students taking this course include:
•Volatility spill over effects from developed to emerging markets;
•Interrelationship between banking and currency crises;
•Pension funds - is there an alternative? Comparison with property investment.
Elective Modules (two from)
Security Investment Analysis
Main topics of study: valuation models; overall relevance of financial statements; relevance of specific information sets; investment strategies; securities analysis; portfolio management and institutional investors; capital market dynamics and information.
Financial Engineering
Main topics of study: risk management with derivatives; introduction to derivatives; valuation of forward and futures contracts; interest rates, swaps; options; the binomial asset pricing model; the black-scholes model; conditional volatility models; value-at-risk and credit risk.
Money and Banking
Main topics of study: the nature and justification of banking; bank risks; banking regulation; applications of banking economics to derivatives and to international banking; consideration of standard and widely used models of money; application of these models to a variety of monetary questions e.g. inflation, hyperinflation, price surprises, central banking, payments systems, speculative attacks, banks and the government budget constraint; consideration of insight of models to real world episodes.
Development Finance
Main topics of study: finance-growth relationships; financial repression: concepts and issues; government deficit, money and inflation; bank-based versus stock market, based financial system: theory and empirical evidence, financial distress, financial crisis and contagion; stock market volatility: concept, measurement and its implication to economic growth.
教学与评估 Teaching and Assessment：
All modules are assessed by a combination of coursework and final examinations. Students who successfully complete the taught part of the course can proceed to the dissertation stage. Students are expected to work on their dissertation in the summer and to submit the final draft in mid-September.