University of Oulu

Master in Financial and Management Accounting

Welcome to meet and chat with the University of Oulu students and staff to hear about our English-taught degree programmes, doctoral training and the study experience we offer for you in Finland under the Northern lights.

Financial and Management Accounting, Master of Science (Economics and Business Administration) (2 years)

• An internationally comparable degree in Economics from an AACSB accredited business school.
• Specialize in Financial Accounting or Management Accounting.
• In-depth knowledge of firm valuation, auditing, cost accounting, and capital investment planning.

The International Master’s Degree Programme in Financial and Management Accounting (FMA) is a two-year program concentrating on the analysis of accounting information for the needs of a company’s internal decision-making as well as for outside investors.

The program will give you relevant expertise and core knowledge towards the adaption of an international financial reporting system, and help develop skills matching the growing need for management control and accounting of internationally operating firms. In particular, you will go through at least the following topics:

• International Financial Reporting
• Corporate Governance
• Econometrics
• Management Control
• Auditing
• Firm Valuation
• Cost Accounting
• Financial Analysis
• Globally Responsible Business

The 2-year program has two specialization options:

• Financial Accounting
• Management Accounting

After the first semester, each student decides to pursue a focus on courses of one of the two specializations.

Financial Accounting explores profit and loss accounting, usage of financial statement data in decision-making, incentive compensation of top management, auditing, and firm valuation.

Management Accounting focuses on cost accounting, budgeting, capital investment planning, and management control.

Optional modules make it possible to widen your expertise into:

• The respective other specialization option
• Finance
• Economics
• Practical expertise (internship)

The program is part of several international Master’s programs at Oulu Business School. Studying at OBS has become a genuinely multicultural experience, as international degree students, exchange students from all over the world, and of course Finnish students are attending the courses of the FMA program. A firm connection to working life is given through real-life projects, case studies, and national competitions you can participate in in the scope of your studies.

The mix of lecturers being OBS professors, guest professors, and practitioners guarantees that you will develop a diversified perspective on current issues in accounting.

Whether you aim at pursuing an academic career or working in the industry after finishing your studies, you will be well-prepared for both options.

Possible titles include

• Chief Financial Officer
• Controller
• Auditor
• Financial Analyst
• Consultant

Students applying for the program must possess an applicable B.Sc. degree in one of the following fields of study: business studies, social sciences, education, natural sciences, mathematics, or engineering.