» Master of Arts in Accounting
Programme Title Master of Arts in Accounting CAO Code Add-on programme. Not available via CAO LYIT internal code LY_BACCT_M Duration 1 Year Standard Code Places: 20 National Framework Level 9 Award Type Major Awarding Body LYIT, under Delegated Authority from HETAC
- Is this Programme for Me?
- The MA in Accounting is a focused twelve-month programme that develops the analytical capacity of participants to deal with advanced and complex Accounting issues. It has been designed specifically to meet the needs of honours graduates in Business/Commerce who have taken major accounting specialisms in their undergraduate studies. It allows graduates to combine study for a Masters/PG Dip with study for professional examinations in an educationally effective way.
- All the participants on the programme will have come from similar backgrounds and it is therefore possible to include both professional and conceptual material on the programme. This is the ideal preparation for a career in accountancy. This highly innovative Professional Masters was introduced in 2004 and is proving both popular and successful. It was developed in close collaboration with the Professional Accounting Bodies and attracts generous exemptions.
- Recently, Nicola Davy, a Masters in Accounting student at LYIT, achieved an impressive first in Ireland and ninth in the world in the professional accountancy exams (ACCA) on Governance, Risk and Ethics. Paul McDevitt, Programme Lecturer, commented, "I would like to congratulate Nicola on her outstanding result. The Masters in Accounting is extremely well regarded by the industry and realises significant exemptions from the Professional Accounting Bodies. In one year students are accelerated towards their end goal of qualifying as a practicing accountant. Due to the success of the course we're seeing a lot of interest from accountancy students, like Nicola, from all over Ireland."
- Ronan O’Loughlin, Director of Education & Training, Chartered Accountants Ireland recently commented on the programme saying, “Despite the challenging economic times, demand for good graduates in accounting and finance remains strong. Chartered Accountants Ireland recognises the contribution of the Letterkenny Institute of Technology programmes to the North West region as a way to attract and develop the necessary skills for graduates and Masters candidates who later pursue professional accountancy qualifications. The approved Masters programme at LYIT, in particular, is one of only 10 approved programmes aimed at providing candidates with full exemption from our penultimate professional examinations. The staff and facilities and LYIT are a key element in ensuring your success.”
Photo: Ronan O’Loughlin, Director of Education & Training, Chartered Accountants Ireland pictured with LYIT MA in Accounting students and programme lecturers Paul McDevitt, Susan McGrory, Deirdre McClay and Anne Burke
- MA Accounting Course Brochure 2016_17
- Key Features
- Generous exemptions from ACCA, CPA & CAI
- Proven track record with Professional exams
- 2 month industry placement
- Excellent employment record including the “Big 4”
- Offered Full-time or Part-time
- Leading national and international best practice speakers
- Minimum Academic Entry Requirements
- The minimum entry requirement is a level 8 honours degree in accounting OR business studies/commerce (specialising in accounting), minimum 2.2.
- What will I study?*
Year/Semester Proposed Modules Mandatory/
No of credits Winter Tax Practice Mandatory 10 Audit Practice Mandatory 10 Performance Measurement Mandatory 5 Research Methods Mandatory 5 Academic Writing Elective 5 Spring Advanced Finance Mandatory 5 Integrated Case Study Mandatory 5 Advanced Financial Accounting Mandatory 10 Corporate Governance Mandatory 5 IT Applications for the Professional Accountant Mandatory 5 Work Based Learning Research Project Elective 15 Research Dissertation Elective 15
- Learning Outcomes
- Holders of this award will be able to integrate knowledge, handle complexity and formulate judgements at the forefront of the field of Accounting.
- A strong technical understanding of contemporary Accounting issues.
- Knowledge of the role of Accounting information in planning and control.
- The ability to articulate personal judgements about the nature of Accounting theory and practice.
- The ability to conduct independent research.
- Accounting Body Exemptions
ACCA CAI* CIMA CPA F1 - Account in Business CAP2: Auditing & Assurance MA Accounting graduates will be able to join CIMA through an accelerated route which will grant them 11 exemptions from CIMA’s certificate, operational and management level exams once they have passed the CIMA master’s gateway assessment. LYIT’s undergraduate Bachelor of Business Hons in Accounting provides learners with full exemptions from Formation 1 & 2 and Professional 1.
The Masters and PGDip programmes help learners prepare for the finals of CPA.
F2 - Management Accounts CAP2: Strategic Finance &
F3 - Financial Accounts CAP2: Financial Reporting F4 - Corporate & Business Law CAP2: Taxation II F6 - Taxation LYIT’s undergraduate Bachelor of Business in Accounting provides learners with full exemptions from CAP1 F7 - Financial Reporting F8 - Audit & Assurance
- NICOLA DAVY, MA, ACCA: “Increasingly you need a master's degree to compete for jobs and the Masters at LYIT has a great reputation. I really enjoyed studying at LYIT, its top class - the lecturers know their stuff and are excellent mentors too. My recent ACCA results have given me great confidence to get the final exams completed, by then I'm hoping the economy will be better to secure an accountancy position in Ireland."
- PAMELA KELLY MA, CPA: “I’ve always held the ambition of becoming an Accountant and I have been able to realise that dream as a result of the excellent support and education offered at LYIT. I completed the course part time over two years, which meant I could work and study at the same time. I found that the level of education offered on the Masters programme formed a great basis in preparation for the professional exams.”
- SANDRA LONG, BA, MA, ACCA: “Having come from the University of Ulster Magee Campus with a First Class Honours Degree in Business and Accounting I was a little apprehensive about starting the Masters, but I need not have worried as the lecturers were very supportive and helpful as were my fellow students. The class sizes are small enough that you can get to grips with the finer details and quiz the lecturer if required. The Masters provided me with the necessary skills and knowledge as a prerequisite to studying for the final level ACCA exams. I found the Masters both challenging and rewarding, especially as I was awarded a First when I graduated. I would recommend the course at LYIT to anyone.”
- Martin McLaughlin MA ACA: “On completion of the MA in Accounting, I obtained the maximum
Exemptions from the Chartered Accountants of Ireland which allowed me direct entrance to the Final Admittance Examinations. I found the knowledge obtained in Taxation, Audit, Financial Accounting, Management Accounting and Business Finance helped me to develop my career in practice and in completing my CAI final examinations at the first attempt. I also believe the quality of the education obtained in LYIT was instrumental in me becoming a part time Taxation lecturer for the IATI. The Masters of Arts in Accountancy in LYIT has given me a great platform to develop my career in accountancy and I would not hesitate to recommend the course to anyone who wishes to pursue a career in all aspects of accountancy.”
- The Programme commences in September each year and the fee for the Masters in Accounting is currently €5,000. The fee for Non-Eu students is €9,000.
- Tax relief is available on fees paid – up to €5,000 at the standard rate
You may be eligible for a grant, subject to means test – please contact your local grant awarding authority. If you qualified for a grant as an undergraduate then you may qualify again – this is subject to the grant regulations which are not administered by LYIT. You can find relevant information at http://www.studentfinance.ie/
- Mature students (over 23 years) who are long term unemployed may also receive subvention – at the time of writing there were some schemes in place, you would need to contact your local welfare officer.
- Application Procedure
- This course begins in September each year.
Download the application form here: Postgraduate Programmes Application Form
- The closing date for applications is 7th September 2016.
Some applicants may be called to interview.
Offers will be made before 20th June.
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