Master of Science in Accounting and Finance 

The Master of Science in Accounting and Finance (MSAC) programme holds significant importance in the global context, as finance and accounting play pivotal roles in driving economic growth and enabling effective decision-making within organizations. As the global economy faces increasing complexities and challenges, the demand for highly trained professionals in accounting and finance becomes crucial to address emerging trends and contribute to sustainable financial practices (Venter, Gordon, Street, 2018). In Sub-Saharan Africa, a region characterized by a diverse economic landscape and growing opportunities, the demand for skilled accounting and finance professionals is even more critical. The MSAC programme aims to cater for this demand by providing specialized training that aligns with the unique financial needs and regulatory environments of Sub-Saharan African countries. By equipping students with a deep understanding of local financial markets, taxation laws, and financial reporting standards, the programme enables them to excel in their roles and contribute to economic development and financial stability in the region. In addition, finance and accounting professionals in Africa also need to acquire/improve skills in relatively new concept areas, including climate change and Environmental, Social and Governance (ESG) disclosure requirements. Even in more traditional roles, it is believed that the professionals could benefit some more from well-targeted capacity building interventions. And the same can be said of the public sector, where the insufficiency or absence of capacity has stalled important public financial management reforms – including the adoption of international standards (ACCA, 2022).

Career Path

Upon completion of the programme, graduates should be able to:

  • Apply advanced knowledge and practice of accounting and finance.
  • Demonstrate the ability to conduct research in accounting and or finance.
  • Test and advise on accounting and finance issues
  • Strategically execute accounting and finance knowledge to optimize compliance with international financial reporting standards.
  • Implementation of management skills to handle accounting and finance challenges, technological changes and emerging issues in accounting and finance.

Course Modules

Year One
 Programme structure Year 1: Semester 1
CODE COURSE LH TH PH CH CU Category  
ACC 7110 Financial Reporting 45 30 60 4 Core
ACC 7111 Accounting and Finance Theory 45 45 3 Core
ACC 7112 Strategic Management Accounting 60 60 4 Core
ACC 7113 Corporate Finance 60 60 4 Core
ACC 7114 Statistics for Business Decision Making 30 60 60 4 Core
ACC 7115 Taxation 45 45 3 Core
Credit units 22
Year 1: Semester 2
ACC 7207 Assurance and financial advisory 60 60 4 Core
ACC 7208 Public Sector Accounting 60 60 4 Core
ACC 7209 International Financial Management 60 60 4 Core
ACC 7210 Research methodology 60 60 4 core
Electives (pick any two courses)
ACC 7211 Strategic management 45 45 3 Elective
ACC 7224 Business intelligence & data analytics 15 60 45 3 Elective
ACC 7225 Accounting software programs 15 60 45 3 Elective
ACC 7226 Investment and portfolio management (IPM) 45 45 3 Elective
Credit units 21
Year 2: Semester 1
ACC 8103 Accounting and finance seminar 1 0 30 120 75 5 Core  
Year Two
Year 2: Semester 2
ACC 8202 Accounting and finance seminar 2 0 30 120 75 5 Core  
ACC 8203 Dissertation 0 30 540 150 10 Core  
Credit units 15
Total Credit units 62 63

Entry Requirements

To be admitted into this programme, a candidate must possess the following:

  • At least a lower Second Division Honors in Commerce, Accounting, Finance, Management or Business from Makerere University or its equivalent from a recognized and Chartered University.
  • A Postgraduate Diploma in Business Management or Finance and Accounting from Makerere University Business School or its equivalent from a recognized and chartered Institution.
  • Possession of appropriate professional qualifications like ACCA, CPA, CFA and Diploma in Finance/Accounting from the Chartered Institutes or its equivalent.

Tuition Structure

To be admitted into this programme, a candidate must possess the following:

  • At least a lower Second Division Honors in Commerce, Accounting, Finance, Management or Business from Makerere University or its equivalent from a recognized and Chartered University.
  • A Postgraduate Diploma in Business Management or Finance and Accounting from Makerere University Business School or its equivalent from a recognized and chartered Institution.
  • Possession of appropriate professional qualifications like ACCA, CPA, CFA and Diploma in Finance/Accounting from the Chartered Institutes or its equivalent.
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