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Programme structure

A leading programme delivered at one of the world's top universities.

MSc Law and Accounting programme (not available in 2020/21)

The MSc Law and Accounting programme will not be running in the 20/21 academic year, or for the foreseeable future. Following many very successful years, the programme is being superceded by two other degrees – the MSc Accounting, Organisations and Institutions, and the corporate law specialisms of the LLM – which have become its natural successor and focus for the Departments of Accounting and Law going forward. Prospective students with an interest in the intersection between the fields of Law and Accounting are encouraged to consider the MSc Accounting, Organisations and Institutions or the LLM.

The programme has benefited from a vibrant and successful community of students and alumnae, which both Departments will continue to engage with via dedicated events and our general alumni engagement programme.

 

General structure of the MSc

The MSc in Law and Accounting is a one year full-time course.  It is an interdisciplinary programme for qualified lawyers, accountants and other suitably qualified individuals.  It aims to provide a broader academic context for the understanding of the technical aspects of both law and accounting. 

In order to meet the requirements of the Law and Accounting degree programme, students are required to successfully complete courses to the value of four units from the following:

Compulsory course

LL440 Corporate Law and Accounting

Corporate Accountability: Topics in Legal and Accounting Regulation

Law and accounting are separate disciplines, although their close relationship has always been clear, both in practice and in theory. Indeed it is this closeness which has given rise to both opportunities for collaboration and territorial conflicts between two professions operating in similar areas. The origins of the two disciplines and their traditional roles go some way towards explaining their different approaches to the regulation of corporate activity.

These roles have been evolving, however, as a result of the increasing complexity of the transactions and organisations to be regulated, and due to international influences. Consequently, traditional disciplinary barriers have lost their meaning and an interdisciplinary focus is the norm in areas such as corporate governance, tax, insolvency, financial reporting.

Lawyers and accountants continue to have distinct functions within these arenas but increasingly transcend their own disciplines to understand the objectives and approaches of the other. Whilst these changes may increase mutual understanding between lawyers and accountants, they also highlight critical areas of debate and dispute between them.

The course examines the central issues faced in law and accounting in relation to corporate governance, corporate finance and regulation. Each session is taught by an interdisciplinary team.

Accounting courses

Students are required to take courses to the value of 1 unit from the following accounting courses:

AC416 Topics in Financial Reporting (Half Unit)

AC417 Corporate Financial Disclosure and Investor Relations (Half Unit)

AC490 Management Accounting, Decisions and Control (Half Unit)

AC491 Financial Accounting, Reporting and Disclosure (Half Unit)

Law courses

Students are required to choose two half units from the following Law courses:

LL4AA Global Copyright Policy: Contemporary Issues *

LL4AH Comparative Company Law

LL4AK Insolvency Law: Company Liquidation and Stakeholder Interests *

LL4AJ Insolvency Law: Principles, Rescue and Reconstruction Processes

LL4AL International Business Transactions: Commercial Litigation *

LL4AM International Business Transactions: Advanced Procedure and Tactics

LL4AN International Business Transactions: Transnational Torts *

LL4AP International Business Transactions: Contracts and Property

LL4AT Regulation: Strategies and Enforcement

LL4AU Regulation: Legal and Political Aspects *

LL4AY International Tax Systems

LL4AZ International Tax Systems: Advanced Problems

LL4BF Regulating for Financial Stability

LL4BK Corporate Crime

LL4BL Financial Crime *

LL4BQ Trade Mark Law *

LL4BR Trade Marks, Brands and Branding: Contemporary Issues *

LL4CD European Company Law *

LL4CF UK Corporate Law

LL4CJ Comparative Corporate Taxation

LL4C9 Project Finance and Public Private Partnerships

LL4F2 The Law and Practice of International Finance

LL4F3 Mergers, Acquisitions and Restructurings in Europe *

LL4F4 Takeover Regulation in the UK and the US

LL4G8 Law of Corporate Finance

LL4H4 Financial Law

LL4H8 Employment Law

LL4K8 Law of Corporate Finance: Securities Regulation *

LL4K9 European Capital Markets Law

LL4N6 Principles of Copyright Law *

LL4S1 Cyberlaw

LL4Z1 Business Taxation

LL4Z2 Principles of Taxation

LL4Z3 Consumption Taxes

LL4Z4 Value Added Tax in the EU

LL4Z9 Banking Law

* Please note: courses marked with an asterisk are suspended for 2019/20. 

Other courses

Students are required to choose either two half courses or one full course from law courses or from one of the following:

AC411 Accounting, Strategy and Control (Half unit)

AC412 Accountability, Organisations and Risk Management (Half Unit)

AC415 Management Accounting for Decision Making (Half Unit)

AC444 Valuation and Securities Analysis (Half Unit)

AC470 Accounting in the Global Economy (Half Unit)

FM473M Finance 1 (Half Unit)

FM473L Finance 1 (Half Unit)

FM47Am Managerial Finance (Half Unit)

FM474L Managerial Finance (Half Unit)

Please note that not all subjects are offered every year. If a subject is crucial to your study programme, please confirm its availability.

Teaching delivery

Our courses are offered primarily in the form of small-group seminars. We believe that the student experience should be intellectually stimulating and students should have the opportunity to be actively involved in class discussions and be able to interact both with the teacher and fellow students. For this reason, the vast majority of courses are offered in seminar format with a maximum class size of 30 students. You can expect a challenging, but also thought-provoking and ultimately rewarding experience. 

Assessment

The taught courses will be assessed generally by written two-hour (half units) or three hour (full units) examinations, which will be held during Summer Term in May/June. Essays are submitted in May and dissertations in August. To prepare for the exams, you will have access to past exam papers from our library website and you will be asked to write a minimum of one short formative (unassessed) essay per course.