Accounting and Control
MSc Accounting, Auditing and Control

Study programme

This varied programme consists of core courses, seminars and a master thesis. The core courses help students to get acquainted with a wide range of topics that are essential for accounting and control, and provide a solid background for attending the seminars. Courses like Introduction to Accounting Research, Accounting Process Management, Advanced IFRS and Advanced Behavioural Finance bring you both extensive knowledge of accounting and control and the skills to provide the stakeholders of an organisation with relevant and reliable information.

The seminars are important components of the MSc programme. For these intensive courses, active participation and commitment are a must.  You will be expected to write and present several papers, present aspects of the literature or case applications, ask questions, mention doubts and express ideas in class discussions. The seminars will give you the background you need to write your master thesis. Both the seminar Management Control and the seminar Financial Accounting Research are mandatory.

The fifth and final block of the programme is devoted to the master’s thesis. You will work on your thesis individually, under close supervision by a member of our academic staff.

Disclaimer: The overview below shows the programme curriculum for the academic year 2020/2021. 

    • Block 1

      • The Take-Off is the introduction event for all new students of Erasmus School of Economics. During this interesting introduction event, you will be provided with useful practical information and receive an introduction to your studies, meet your fellow students and our School.

      • Accounting Process Management deals with the acquisition, storage, and processing of data about an organization's various business activities (e.g., sales, purchasing, production, and payroll).

        • Introduction to empirical research
        • From research idea to research question
        • Theory and hypotheses
        • Framing your research: Predictive validity framework
        • The importance of research design
        • Econometrics in accounting research
        • Experiments versus observational studies
        • Causality
        • Data collection
      • The course focuses on understanding complex financial reporting issues such as business combinations, consolidation, foreign currencies, hedge accounting and financial instruments.

    • Block 2

      • In this course we discuss the various formal mechanisms that can be used to influence the decision making of people in organizations.

      • The main objectives of this course are that students should understand the differences between a spreadsheet application, specific statistical software, and general purpose languages, and how to use them. Focus will be on programming in R, and to a lesser extent, Python, Stata and Excel. This course is taught on the basis of learning by doing: students learn about the specifics of the programming language (interfaces, data types, basic syntax etc.) `on the run’.

    • Block 3

      • This course introduces students to data science. The course familiarizes students with the data science methodology and understanding the difference between inference, prediction and description and where these are useful/applicable. It further discusses and practices data handling skills (acquisition, storage, processing and analysis), interpretation and presentation of results and the basic concepts of machine learning.

      • This course is about doing the right thing while practicing professional accounting.

    • Block 4

      • This course introduces students to empirical financial accounting research topics, such as the capital market implications of accounting information, earnings properties and voluntary disclosures. The course will familiarize students with topics that are commonly studied in accounting research, teach them how to develop a research question based on sound argumentation and how to investigate this question.

        • Earnings quality and cash flows versus accruals
        • Creating condensed financial statements
        • Forecasting of future firm performance
        • Equity Valuation (Residual Income Valuation)
        • Financial analysis
    • Block 5

      • The thesis is the crown on your Master’s degree programme.

        The final block of the programme is especially devoted to the Master’s thesis. The thesis is written individually under close supervision by one of our academic staff members. The seminar courses prepare you for writing the Master’s thesis and help you in selecting a topic for your thesis.

    • Electives (block 4)