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Programme overview

The purpose of the Cambridge MAcc is to develop next generation global thought-leaders in the field of financial information. Stepping into this role will require you to:

  • Make complex decisions in the face of ambiguity relying on knowledge of accounting standards, judgment, and discretion
  • Formulate questions, gather data, apply statistical techniques to that data, and persuasively communicate resulting insights
  • Anticipate and incorporate innovation
This is definitely not a certification prep programme. We are developing already-experienced people to engage in global change leadership on complex issues in all fields that touch financial information.
Alan Jagolinzer, Professor of Financial Accounting, CJBS

Programme delivery

The MAcc is a 24-month programme delivered in a format that allows you to continue your employment while completing your studies.

Classes will meet in person in Cambridge. Between visits to Cambridge, you continue to be engaged in coursework through the Virtual Learning Environment (VLE).

Curriculum

2019/21 Term dates Modules
9-14 September 2019
  • Global Financial Reporting
  • Internal & External Audit
  • Probability & Statistics
  • Strategic Performance Management
10-14 December 2019
  • Global Financial Reporting
  • Internal & External Audit
  • Probability & Statistics
  • Strategic Performance Management
31 March-4 April 2020
  • Critical Issues in Accounting Conference
  • Change Management
23-27 June 2020
  • Descriptive Analytics
  • Predictive Analytics
  • Structured & Unstructured Data
October 2020 (dates tbc)
  • Analytics for Financial Accounting & Risk Management
  • Financial Statement Analysis
January 2021 (dates tbc)
  • Interpersonal Dynamics
  • Team Consulting Project
April 2021 (dates tbc)
  • Critical Issues in Accounting Conference
  • Analytics for Managerial Accounting & Operations Management
July 2021 (dates tbc)
  • Current Issues in Financial Reporting, Governance & Ethics
  • Electives

Faculty will hold live webinar classes with students, between in-residence sessions.

Pre-course preparation

Before enrolling, you'll need to show that you're proficient in the fundamentals of both financial accounting and the programming language Python. You may already have built up these proficiencies in your professional life. If not, we will provide coursework for you to complete before the programme commences.

Modules

Global Financial Reporting

Through this course you will gain a deep understanding of the most complex items in corporate financial reports, how the standards governing those items change and are developed in a political environment and how you can and should advocate for changes in financial reporting standards.

Internal & External Audit

Internal and external audit are key mechanisms by which organisations manage risk and maintain accountability. This course will cover topics in audit such as judgment, technology, regulation, and ethics.

Probability & Statistics

Learn the essential concepts in probability and statistics upon which analytical techniques to be learned and applied later in the programme are built. Basic probability, statistical inference, hypothesis testing, and statistical distributions will all be covered.

Strategic Performance Management

This course will cover the ways in which organisations of different types use data to measure, motivate, and improve performance.

Change Management

The goal of this module is to equip you with the skills, theory and practice skills to engage in change management processes. It incorporates fundamental psychological principles to help you develop implementable skills to gain leverage in negotiating favourable support for change initiatives.

Descriptive Analytics

Descriptive analytics is a set of tools that will enable you to summarise data sets to explore their contents and draw conclusions. Statistical and visual methods will be covered.

Predictive Analytics

Predictive analytic techniques look for relationships between variables to predict outcomes of interest. Regression and other algorithms will be covered in this course.

Structured & Unstructured Data

Drawing insights from large data sets will require you to understand how to work with different types of data sources. Some data is in a tabular format (structured) and you will learn to use SQL to prepare it for further analysis. Other data such as contracts or emails (unstructured) requires a different set of tools. This course will cover both types of data.

Analytics for Financial Accounting & Risk Management

This course will require you to apply data and statistical techniques you learned in prior terms to settings related to financial information such as financial reporting and internal audit. We will focus in particular on the areas of anomaly detection and risk assessment.

Financial Statement Analysis

Learn techniques to analyse and interpret the data in financial statements to "tell the story" of a firm.

Interpersonal Dynamics

The ability to develop strong relationships is crucial in managing and leading effectively. Through this experiential course, you will improve your understanding of how you are perceived by others which will help you better create relationships, particularly across differences.

Analytics for Managerial Accounting & Operations Management

In this course you will apply analytics techniques for the purpose of improving performance in a firm’s operations, measurement and control, and incentive structure.

Current Issues in Financial Reporting, Governance & Ethics

Through cases, discussions, and guest speakers, this course will dive deep into the very latest issues and developments in financial reporting, governance, and ethics. The ever-changing financial regulatory landscape will be covered in detail as well.

Critical Issues in Accounting Conference

Participate in a conference with senior leaders in the accounting profession to learn about important trends in the industry.

Electives

Elective courses include:

  • Accounting for Early Stage Firms
  • Mergers & Acquisitions
  • Accounting in Financial Service Firms
  • Criminal Forensic Accounting

More details to follow.

Please note that the content of the programme is subject to change.