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Master of Accounting and Finance

(N/344/7/0515) (09/26) (MQA/PA 14951)

Duration

Full Time: 1 Yr 4M - 4 Yr | Part Time: 2 Yr - 4 Yr

Intakes

March, July, October

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Programme Overview

The Master of Accounting and Finance program at Lincoln University College is meant to enhance candidates’ existing knowledge, build their accounting and finance expertise for a long-term corporate future, and prepare them for a successful global career. This program provides students with an understanding of accounting, finance, and financial markets fundamentals. This is an advanced curriculum designed to provide them the skills and knowledge they need to start a career as an auditor, financial controller, or other essential function in finance and advisory services.

For successful completion of Masters degree in Lincoln University College, each candidate should publish minimum of two research articles in Scopus indexed journals, with Lincoln University College affiliation.

Sl.No. MQA Subject Code Subject Name
1 MAF 7013 Business Accounting and Finance
2 MAF 7023 Economics for Managers
3 MAF 7033 Islamic Financing and Banking
4 MAF 7043 Organizational Behaviour
5 MAF 7053 Business Ethics and Governance
6 MAF 7063 Strategic Management
7 MAF 7073 Investment and Portfolio Management
8 MAF 7083 Business Research Methodology
9 MAF 7093 Current Issues in Financial Accounting
10 MAF 7103 Applied Corporate Finance
Electives (Choose any two of the following)
11 MAF 7113 Investment and Risk Management
12 MAF 7123 Securities, Futures and Options
13 MAF 7133 Entrepreneurial Finance
14 MAF 7143 Financial Planning & Wealth Management
15 MAF 7156 Project Work
16 MAF 7113 Investment and Risk Management

Entry Requirements :

  1. Bachelor’s degree [Level 6, Malaysian Qualifications Framework (MQF)] in Accounting and Finance or related field with a minimum CGPA of 2.75 or its equivalent qualifications as accepted by Lincoln University College Senate; OR
  2. A Bachelor’s degree (Level 6, MQF) in Accounting and Finance or related field not meeting CGPA of 2.75 but above CGPA of 2.50 can be accepted, subject to the Lincoln University College rigorous internal assessment; OR
  3. Relevant professional Accounting and Finance qualifications equivalent to a Bachelor’s degree (Level 6, MQF) as accepted by the Lincoln University College Senate; OR
  4. Other qualifications equivalent to a Bachelor’s degree with a minimum CGPA of 2.75 as accepted by the Lincoln University College Senate; AND
  5. A Bachelor’s degree in Accounting and Finance or related field below a CGPA of 2.50 can be accepted, subject to a minimum of 5 years working experience in the relevant field.

English requirements as follows:

For international students, Test of English as a Foreign Language (TOEFL) score 550 or International English Language Testing System (IELTS) score 5.5 or other equivalent qualification.

In today’s fast – growing economy, having specialized up-to-date scientific knowledge in the areas of accounting and finance is considered essential for business executives who want to excel and develop their skills to the highest level to secure top-level professional positions in the management structure.

Students with a Master of Accounting and Finance can pursue prestigious positions as:

  • Auditor
  • Financial Analyst
  • Managerial Accountant
  • Chief Financial Officer (CFO)
  • Business Development Manager

The programme of Master of Accounting and Finance program will produce professionals who are eligible to:

  • Apply the advanced knowledge and concepts in analyzing accounts and financial work through theories and evidence -based findings.
  • Be capable of adopting practical measures with interpersonal accuracy through effective communication in finance related task.
  • Acquire digital and numeracy skills in managing scientific solution to complex problems.
  • Effectively utilize leadership, autonomy, and responsive skills to personally undergo entrepreneurial work in finance and accounting related program.
  • Empower integrity through professionalism and ethics in financial accounts related task.
About The Program
What is the Master of Accounting and Finance program all about?

The Master of Accounting and Finance program at Lincoln University College is meant to enhance candidates’ existing knowledge, build their accounting and finance expertise for a long-term corporate future, and prepare them for a successful global career. This program provides students with an understanding of accounting, finance, and financial markets fundamentals. This is an advanced curriculum designed to provide them the skills and knowledge they need to start a career as an auditor, financial controller, or other essential function in finance and advisory services.

Advanced Accounting Practices:

  • Financial Reporting and Analysis: Deep dive into international accounting standards, financial statement preparation, and interpretation.
  • Auditing and Assurance Services: Understanding auditing principles, risk assessment, and the ethical responsibilities of auditors.
  • Management Accounting: Techniques for internal financial planning, budgeting, and performance evaluation to support managerial decision-making.
  • Taxation: Comprehensive study of tax laws, planning, and compliance for individuals and corporations.

Financial Management:

  • Corporate Finance: Strategies for capital structure optimization, funding, and investment decisions.
  • Investment Analysis: Evaluation of investment opportunities, portfolio management, and financial instruments.
  • Risk Management: Identification and mitigation of financial risks using various hedging and derivative strategies.
  • International Finance: Impact of global financial markets, exchange rates, and cross-border financial management.

Integration of Accounting and Finance:

  • Strategic Financial Planning: Combining accounting data with financial strategies to drive organizational growth.
  • Financial Decision-Making: Using accounting information to inform investment and financing decisions.

Ethics and Professional Standards:

  • Ethical Frameworks: Emphasis on ethical considerations in accounting and finance practices.
  • Regulatory Compliance: Understanding legal requirements and regulatory environments in different jurisdictions.

Research and Analytical Skills:

  • Quantitative Methods: Application of statistical and econometric techniques to financial data.
  • Research Projects: Conducting independent research to solve real-world financial and accounting problems.

Technology in Accounting and Finance:

  • Accounting Information Systems: Utilizing software and systems for efficient financial data management.
  • Financial Modeling Tools: Proficiency in tools like Excel, MATLAB, or specialized financial software.

Global Perspective:

  • International Accounting Standards (IFRS): Application of global accounting principles.
  • Cross-Cultural Financial Practices: Understanding how cultural differences impact financial management.

The Master of Accounting and Finance is designed to prepare students for careers in international markets by offering international case studies on business challenges and solutions across different economies.

Career support for Master of Accounting and Finance students

  • Career services: Lincoln Business School provide dedicated career services that help students connect with multinational employers through recruitment events, recruitment agency and career fairs.
  • Alumni networks: Strong global alumni networks are common in Lincoln Business School, allowing students to connect with graduates working in diverse industries worldwide.
  • Faculty in Master of Accounting and Finance programs often have extensive international experience, bringing a wealth of knowledge from global corporations, international research, and consulting roles.
  • Faculty of Business boast a diverse faculty with professionals who have worked in multinational corporations across continents and industries. This global expertise ensures that students gain a real-world understanding of how business is conducted across different cultures and regions.

This program is ideal for:

1. Aspiring Accountants

2. Finance Professionals

3. Recent Graduates in Business or Related Fields

4. Career Changers

5. Aspiring Auditors and Compliance Officers

6. Entrepreneurs and Business Owners

7. Professionals Seeking Certification or Advancement

8. International Professionals

9. Public Sector and Non-Profit Finance Managers

10. Research and Academic Aspirants

  • The upcoming intakes for the Master of Accounting and Finance program are in March, July, and November.
  • These multiple entry points provide flexibility for applicants to start the program at a time that best suits their schedule.
Admission Requirements
What are the minimum academic qualifications required for admission into the Master of Accounting and Finance program?
  • Applicants must have a bachelor’s degree or an equivalent qualification from a recognized institution.
  • The degree can be in any field, though business-related degrees may be advantageous.
  • Many programs also require a minimum CGPA of 2.5 to 3.0 on a 4.0 scale, depending on the institution.

Preferably candidates should have 2 to 5 years of professional work experience, with good leadership potential.

  • No, an undergraduate degree in any field is usually acceptable for admission. However, degrees in accounting and finance, business, economics, or related fields may provide a stronger foundation for some of the core concepts in the Master of Accounting and Finance program.
  • Applicants from non-business backgrounds may be required to take foundational business courses or demonstrate their capacity to handle the program’s academic rigor.

Master of Accounting and Finance programs do not require GMAT (Graduate Management Admission Test) or GRE (Graduate Record Examination) scores as part of the admission process, particularly if the applicant has significant work experience or a strong academic record.

The typical documents required for the Master of Finance and Accounting program application include:

  • Academic transcripts from all institutions attended.
  • Updated resume or CV outlining work experience, academic qualifications, and professional achievements.
  • Letters of recommendation (usually 1 to 3), often from academic or professional references.
  • A statement of purpose or personal essay explaining your motivation for pursuing the program and your career goals.
  • GMAT/GRE scores (if required by the program).
  • Proof of English proficiency (for non-native English speakers).

Master of Accounting and Finance programs may require an admissions interview. If the program includes an interview, it will typically be conducted after an initial review of your application. The interview may be in person or online and is used to assess your motivation, communication skills, and fit for the program.

Yes, Master of Accounting and Finance programs allow current undergraduate students to apply during their final year, provided they submit proof of degree completion before the program starts. You will need to meet all other entry requirements and provide your final academic transcript upon graduation.

There is typically no minimum age requirement for Master of Accounting and Finance program. However, many programs prefer candidates who have accumulated some professional experience, which may result in students being in their mid-20s to early 30s.

  • In most cases, Master of Accounting and Finance does not have strict prerequisite courses, especially for applicants who hold a bachelor’s degree in business or a related field.
  • However, for students coming from non-business backgrounds (such as liberal arts, engineering, or the sciences), some programs may require you to complete foundational business courses either before or during the early stages of the program.
  • These foundational courses typically cover:
    • Accounting: Basic financial and managerial accounting principles.
    • Economics: Microeconomics and macroeconomics to understand business environments.
    • Finance: Introduction to financial management and corporate finance.
    • Statistics: Business statistics or quantitative methods for data analysis.
    • Management: Principles of management, including organizational behavior and leadership.
Program Structure and Duration
How long does Master of Accounting and Finance program take to complete?
  • Full-Time Study: 1 – 4 years
  • Part-Time Study: 2 – 4 years

The Master of Accounting and Finance program at Lincoln University College requires students to complete 48 credit hours to graduate.

Kindly refer to our brochure by clicking on the link

https://www.lincoln.edu.my/wp-content/uploads/2023/05/Master-of-Accounting-and-Finance.pdf

The timetable is typically made available four weeks prior to the start of the semester. Students can easily access and review their schedules through the LLS student portal, ensuring they have ample time to prepare for the upcoming semester.

English Proficiency
What is the English proficiency requirement?
  • International students must have proof of good proficiency in verbal and written English. For example, International English Language Testing System (IELTS) score of 6.0 or its equivalent.
  • If a student does not meet this requirement, HEPs must offer English proficiency courses to ensure that the student’s proficiency is sufficient to meet the needs of the program.

Yes, the Intensive English Program is available for students who don’t meet the requirement. Successful completion allows for admission to degrees.

Test scores are valid for two years from the test date.

Submit them along with your application or by the deadline outlined by the university.

Accreditation
Is the Master of Accounting and Finance degree accredited by the Malaysian Qualifications Agency (MQA)?

Yes, Master of Accounting and Finance at Lincoln University College is accredited by MQA and Ministry of Higher Education, Malaysia.

  • Yes, accreditation significantly impacts global employability.
  • Accreditation ensures that the Master of Accounting and Finance program meets international standards of quality and rigor.
  • Employers worldwide often prefer graduates from accredited programs as they know the education received is of a high standard.
  • Additionally, accredited programs provide students with a competitive edge in the global job market, increasing their chances of securing roles in multinational companies and enhancing their career prospects across various industries and countries.

Yes, the Master of Accounting and Finance program is designed to meet current industry standards. The curriculum is regularly updated to align with the latest trends and demands in global business practices, ensuring that students gain relevant skills and knowledge.

This ensures that graduates are well-prepared to handle real-world challenges in global markets and are equipped with the competencies sought by employers worldwide.

  • Yes, accreditation from MQA and Malaysia Ministry of Higher Education strongly supports further education and certifications.
  • Graduates from accredited programs are more likely to be accepted into advanced academic pursuits like Ph.D. or Doctorate in Business Administration (DBA) programs, as these accreditations assure academic rigor and quality.
  • The accreditation for the Master of Accounting and Finance by the Malaysian Qualifications Agency (MQA) is typically reviewed and updated every 3 to 5 years.
  • This regular review ensures that the program maintains high academic standards and stays current with industry developments and best practices.
  • The MQA periodically assesses the curriculum, teaching methods, and overall quality of the program to ensure it continues to meet national and international educational standards.
  • This helps to keep the program relevant, ensuring that students are equipped with up-to-date skills and knowledge for the global business environment.
Career Prospects
Once I completed my Bachelor in Tourism Management what are the wide array of career opportunities in both leadership and specialized roles within organizations?

1. Public Accounting

  • Certified Public Accountant (CPA): With a Master’s in Accounting and Finance, you can pursue a career as a CPA. CPAs are responsible for auditing financial statements, preparing taxes, and offering advisory services to clients. This role is highly sought after, especially in large accounting firms like Deloitte, PwC, EY, and KPMG.
  • Tax Advisor/Consultant: You can specialize in tax advisory, helping businesses and individuals manage tax obligations, minimize tax liabilities, and comply with changing tax regulations.
  • External Auditor: External auditors work for accounting firms or as consultants to review and audit the financial statements of organizations to ensure compliance with accounting standards and regulations.

 

2. Corporate Accounting and Finance

  • Financial Controller: Financial controllers manage a company’s accounting functions, oversee financial reporting, and ensure compliance with regulatory requirements. This role typically leads to higher executive roles, such as Chief Financial Officer (CFO).
  • Corporate Accountant: As a corporate accountant, you’ll manage an organization’s internal accounting functions, including preparing financial statements, managing budgets, and handling tax compliance.
  • Chief Financial Officer (CFO): A Master’s in Accounting and Finance is a pathway to becoming a CFO. CFOs oversee all financial operations within a company, including financial planning, risk management, and strategy execution.

 

3. Financial Analysis and Planning

  • Financial Analyst: Financial analysts assess the financial health of organizations by analyzing financial statements and market trends. They offer recommendations for investment decisions and financial planning. Analysts are often employed in investment banks, asset management firms, and large corporations.
  • Budget Analyst: Budget analysts help organizations plan their finances by developing budgets, forecasting expenses, and managing financial resources. They ensure that organizations use their resources efficiently.
  • Investment Analyst: Investment analysts evaluate financial and investment data to offer insights into the profitability and risk of investment options. They work in financial institutions, hedge funds, or private equity firms.

 

4. Auditing

  • Internal Auditor: Internal auditors work within organizations to evaluate internal controls, financial systems, and compliance with regulations. They help identify risks and recommend improvements to ensure financial accuracy and efficiency.
  • Forensic Accountant: Forensic accountants investigate financial crimes, such as fraud or embezzlement. They analyze financial data to detect irregularities and often work with law enforcement or legal teams to resolve disputes.
  • Government Auditor: Government auditors review the financial operations of public sector organizations, ensuring transparency, proper use of public funds, and adherence to regulations.

 

5. Banking and Financial Services

  • Investment Banker: As an investment banker, you’ll advise companies on mergers, acquisitions, and capital raising activities. You’ll also help organizations assess their financial structures and provide recommendations for strategic financial moves.
  • Credit Analyst: Credit analysts assess the creditworthiness of individuals or businesses by reviewing financial statements and other financial data. They work for banks, financial institutions, or credit rating agencies.
  • Private Equity Analyst: These professionals work in investment firms or funds, evaluating potential investments in private companies and providing strategic advice on financial management and operational improvement.

 

6. Consulting

  • Management Consultant: Management consultants with a background in accounting and finance help organizations improve their financial performance and operational efficiency. You may advise businesses on financial strategy, mergers and acquisitions, cost-cutting, or restructuring.
  • Financial Consultant: Financial consultants provide specialized advice to businesses or individuals regarding investment, tax, or financial planning. Your expertise in both accounting and finance gives you a competitive edge in offering well-rounded financial solutions.
  • Risk Management Consultant: Risk consultants help businesses assess and manage risks, including financial, operational, and compliance risks. This is especially relevant in sectors like banking, insurance, and financial services.

 

7. Financial Regulation and Compliance

  • Compliance Officer: Compliance officers ensure that organizations adhere to industry regulations and standards. They monitor financial transactions and reporting processes to prevent issues like fraud, money laundering, or regulatory violations.
  • Regulatory Analyst: Regulatory analysts focus on ensuring that companies comply with legal and regulatory standards, particularly in the financial services industry. They work with government agencies, banks, or corporations to manage compliance risks.

 

8. Taxation

  • Tax Manager: Tax managers oversee an organization’s tax strategies and ensure compliance with local and international tax laws. They also optimize tax returns and minimize liabilities through effective tax planning.
  • Tax Consultant: Tax consultants provide expert advice on tax-related issues, helping companies and individuals navigate complex tax regulations and structures, often finding ways to optimize tax obligations.

 

9. Entrepreneurship

  • Finance and Accounting Entrepreneur: With a deep understanding of both accounting and finance, you can start your own consulting firm, accounting practice, or financial advisory business. This role provides flexibility and the opportunity to specialize in your area of expertise.
  • Business Owner: As a business owner, the knowledge gained from a Master of Accounting and Finance will help you manage the financial health of your enterprise, from budgeting to investment strategies, allowing for better decision-making and financial planning.

 

10. Non-Profit and Public Sector

  • Non-Profit Financial Manager: Non-profit organizations often require skilled financial managers to oversee funding, ensure financial transparency, and handle grant management. You’ll work to ensure financial stability while meeting the organization’s social mission.
  • Public Sector Accountant: Public sector accountants manage the finances of government departments or agencies, ensuring proper use of public funds, resources, and compliance with government regulations. They play a crucial role in budgeting, financial reporting, and ensuring transparency in public financial management.

 

11. Sustainability and Corporate Social Responsibility (CSR)

  • Sustainability Accountant: With the increasing focus on sustainability, organizations are hiring professionals to manage and report on their environmental and social performance. Sustainability accountants track and measure an organization’s sustainability initiatives, focusing on environmental impact, carbon footprint, and resource use.
  • CSR Financial Manager: This role involves integrating social responsibility into financial strategies and ensuring that the company’s financial practices align with its CSR objectives. You’ll report on the social and environmental impact of financial decisions and help the company meet its sustainability goals.

 

12. Education and Academia

  • Lecturer/Professor of Accounting and Finance: For those interested in academia, a Master of Accounting and Finance provides the foundation for teaching accounting or finance at colleges and universities. You can teach courses, conduct research, and contribute to the academic field.
  • Researcher: Graduates can pursue careers in academic research, focusing on areas like financial markets, corporate governance, accounting standards, or taxation. This path often leads to further academic qualifications, such as a PhD, and positions in research institutions.

 

13. Global Accounting and Finance Roles

  • International Financial Manager: With a Master of Accounting and Finance, you can work in multinational corporations overseeing financial operations across different countries. This role involves managing currency risks, international tax compliance, and ensuring adherence to global accounting standards (such as IFRS).
  • Global Risk Analyst: Risk analysts in global firms assess the financial and operational risks of doing business in different countries. They analyze market conditions, regulatory environments, and geopolitical risks to help businesses make informed decisions.

 

14. Financial Technology (FinTech)

  • FinTech Financial Analyst: The rise of financial technology has opened new opportunities for those with a background in finance and accounting. FinTech financial analysts work in startups or tech-driven financial services firms, analyzing financial products, digital payment systems, and the integration of technology with traditional financial services.
  • Blockchain and Cryptocurrency Analyst: As blockchain and cryptocurrencies gain popularity, there is a demand for professionals who can understand and analyze these financial technologies. A Master’s in Accounting and Finance can position you to explore emerging fields in digital assets, cryptocurrency markets, and blockchain applications in finance.
  • Malaysia: Starting salaries range from MYR 60,000 to MYR 100,000 per annum, depending on experience and industry.
  • International: Salaries vary widely; research specific regions for accurate figures.
Tuition Fee and Scholarship
What are the tuition fees for local and international students?

For details about the tuition fees, kindly email admission@lincoln.edu.my or imd@lincoln.edu.my or finance@lincoln.edu.my

For details about our scholarship schemes, kindly email admission@lincoln.edu.my or imd@lincoln.edu.my or finance@lincoln.edu.my

Yes, for details, kindly email admission@lincoln.edu.my or imd@lincoln.edu.my or finance@lincoln.edu.my

Alumni Network
Can I access the alumni network?

Yes, as a graduate of the Master program, you will have lifelong access to our global alumni network, which includes thousands of professionals across various industries and regions. The alumni network offers invaluable resources for networking, career opportunities, and continuous learning, and we host regular alumni events and reunions to help you stay connected.

Our Master of Accounting and Finance program has produced many distinguished alumni who have gone on to lead and innovate in their fields. For example, some of them have become CEOs of global firms, and some working as partner in major consulting firms. We also have alumni who have become successful entrepreneurs, launching startups such in the fintech industry. Some of them have joined prestigious universities in Canada, New Zealand, or Germany for further studies. Our alumni continue to make significant impacts in various sectors worldwide.

Our graduates pursue careers across a wide range of industries, including finance, consulting, technology, healthcare, manufacturing, consumer goods, and non-profit sectors. Many graduates also find opportunities in emerging fields such as sustainability, artificial intelligence, and digital transformation. The diverse skill set provided by the Master prepares students to succeed in both traditional and rapidly evolving industries.

Yes, there are numerous ways for alumni to stay engaged with the Master of Accounting and Finance program. Alumni are invited to participate in networking events, mentorship programs, guest lectures, and alumni reunions. We also encourage alumni to contribute to the growth of the program by serving on advisory boards, offering internships, and recruiting new graduates for their organizations. Additionally, our alumni have lifetime access to career services and continued learning opportunities through workshops and webinars.

 

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