Departmental website: lse.ac.uk/accounting
Number of graduate students (full-time equivalent)
Number of faculty (full-time equivalent): 27
REF: 86 per cent of the Department's research was rated as world-leading or internationally excellent
Location: Old Building
About the Department
The Department of Accounting is widely recognised for its excellence in accounting and financial management research and teaching. In the 2001 review of university research by the Higher Education Funding Council for England (HEFCE), the Department was awarded 5* – the highest possible rating and one of only two departments in its category to receive this award. The Department was similarly successful in the 2008 Research Assessment Exercise (RAE), as well as in HEFCE's 2014 Research Excellence Framework (REF), on both occasions as part of the "Business and Management Studies" Unit of Assessment, where the combined entry came top in the UK in the most recent REF 2014.
The Department of Accounting provides an outstanding research environment based on a mix of departmental activities, close links with other departments, as well as strong connections with research centres, such as the Centre for the Analysis of Risk and Regulation (CARR). Each year, over 265 graduate students from over 40 countries and representing a wide range of backgrounds are admitted into our taught graduate programmes. Our research seminars and workshops, visitors and visiting research students, together with our links with professional and practitioner communities ensure that our faculty continue to work at the cutting edge of their fields and that their output is widely disseminated.
Our faculty contribute to knowledge and debate in the academic, professional and public domains. We have close links with the major accounting journals through either editor or referee roles. Faculty also have close associations with several research and professional institutions, including the European Accounting Association (EAA) and the American Accounting Association (AAA).
Faculty also have strong links with a range of professional and regulatory bodies, such as the Chartered Institute of Management Accountants (CIMA); the Institute of Chartered Accountants in England and Wales (ICAEW); the Institute and Faculty of Actuaries (IFoA); and the International Accounting Standards Board (IASB), just to name some.
Opportunities for research
The PhD in Accounting has received research training recognition from the Economic and Social Research Council (ESRC). The programme aims to produce students whose research is of the highest standard and is designed to provide a comprehensive training in the chosen approach to research in accounting for which there are two tracks of study on the PhD programme. Track 1 is devoted to the study of interrelationaships between accounting, organisations and institutions. Track 2 primarily examines accounting and financial reporting issues from an economics perspective. When making an application, students in Accounting will choose to follow either Track 1 or Track 2. To be considered for admission, you should have a substantial academic background in accounting or cognate area (for example, sociology and economic history in Track 1 or economics and quanititive methods in Track 2).
In the first year, research students on both tracks normally attend a main research seminar in accounting, in addition to normally three taught graduate courses in areas related to their field of research. The aim is to both broaden and deepen students' understanding of their area. Some further coursework may be taken in the second year. By the end of year two, students on both tracks should have completed at least two and a half examined graduate-level course units.
To progress at the end of each year, students in both tracks must pass their examined courses at grades specified by the Department and make satisfactory progress in their research. Progress is regularly monitored by the Department's MPhil/PhD Assessment Review Committee.
Students are required to make a seminar presentation each year, and to attend the Department's Accounting Research Forums and specialised workshops which provide exposure to the work of leading academics worldwide. Students are also encouraged to attend any relevant seminars in related areas elsewhere in the School as appropriate.
The Department of Accounting covers a wide range of areas and approaches to research in accounting. Prospective students should get a sense of this diversity from perusing the faculty profiles available on the Department's website and see who is closest to their own research interests and which types of research we cover across the two tracks of the PhD programme.