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Accounting (MACC)

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Programme Description

This one-year full-time course offers a postgraduate route to a career in professional accounting. It offers you the chance to complete much of the study and examination requirements involved in qualifying as an accountant. Upon successful completion of all requirements of the course, you will gain full exemption from all but the Final Admitting Examination (FAE) of Chartered Accountants Ireland (CAI).

The course offers more than exemptions. As well as intensive tuition in the core technical materials assessed in the professional examinations, you will gain exposure to the emerging contemporary issues in accounting and finance that will shape your working environment and the future economy. Personal competencies and skills in commercial judgment are also developed to give you a competitive edge as you embark on your career in accounting. In addition, M Acc graduates qualify for exemption from all papers in part 1 of the AITI Chartered Tax Adviser (CTA) qualification.

Students take a total of 90 credits. Part I consists of taught modules to the value of 60 credits. Part II consists of 30 credits devoted to the development of independent research skills relevant to the work of a modern professional accountant in practice, industry and financial services.

PART I 

  • AC6200 Financial Reporting 2 
  • AC6206 Computer Applications for Accountants
  • AC6210 Management Accounting 1 
  • AC6211 Management Accounting 2 
  • AC6212 Corporate Finance 1 
  • AC6213 Corporate Finance 2 
  • AC6214 Auditing Principles and Methodologies 
  • AC6215 Application of Auditing Principles 
  • AC6216 Taxation 1
  • AC6217 Taxation 2 
  • AC6218 Presentation of Financial Statements 
  • AC6219 Application of IFRS Principles 

PART II 

  • AC6207 Accounting Research, Analysis and Communication 
  • AC6208 Accounting Research Project 

Postgraduate Diploma in Professional Accounting - NFQ Level 9, Major Award
Students who successfully achieve the pass standard in Part I may opt not to proceed to Part II and may opt instead to be awarded the Postgraduate Diploma in Professional Accounting.

Module Semester Information may be found here. Module Descriptions may be found here.

Why Choose This Course

The course prepares you for employment as a trainee accountant and it has been designed with significant contributions from partners, directors and training managers in major accounting firms.

Each of the “Big 4” firms (Deloitte, Ernst & Young, KPMG and PwC) has indicated a willingness to support students who wish to complete the MAcc at UCC prior to undertaking professional training.

Skills and Careers Information

  • The accounting profession is the largest single employer of graduates in Ireland
  • An accounting qualification is a primary entry route to senior roles in general management
  • Opportunities in the financial services sector internationally have provided a demand for accountants qualifying in Ireland far in excess of the requirements of professional practice alone
  • Irish-qualified accountants are in demand to fill varied roles worldwide
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Learning Outcomes

For Master of Accounting (NFQ Level 9, Major Award)
On successful completion of this programme, students should be able to:

  • Communicate and work effectively to a high professional standard;
  • Demonstrate advanced analytical and problem solving skills associated with effective practice;
  • Engage in advanced application of frameworks and techniques in organizational settings;
  • Conduct Research relevant to professional and academic audiences;
  • Demonstrate an appreciation of managerial accounting and finance as a basis for developing the tools and knowledge required to meet management information needs;
  • Demonstrate an appreciation of the professional context of Financial Reporting and Auditing in the governance and regulation of business.

 

On successfully completing all requirements of the programme, graduates of the MAcc will gain full exemption from all but the Final Admitting Examination (FAE) of Chartered Accountants Ireland (CAI).

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Practicalities & Assessment

Lectures take place Monday-Thursday in Room 3.14, O’Rahilly Building, UCC.  This dedicated room in the department is available to MAcc students for individual and group-work on Fridays and at weekends.  Occasional seminars, site visits and other professional training activities also take place on some Fridays.

There is also a significant commitment in terms of assignments, case study preparation and individual study. The workload reflects the demands expected in the early stages of a professional career and students should plan their year on the basis that this is a full-time course.

There may be opportunities for students to act as undergraduate tutors.

The academics who teach on the course are all experienced professionals who have worked in a variety of major accounting firms, financial institutions and leading industrial companies both nationally and internationally.  All hold accounting qualifications and/or have significant industry experience.  Our academic staff are also actively engaged in professionally relevant research and publication.

Examinations

Assessment for the taught modules is by a combination of end-of-year written exam and continuous assessment in the form of interim exams and projects. For a fuller description of these, please go to the Book of Modules.

  • AC6206 is project-based assessment only
  • AC6207 is assessed by an individual project and by a group financial statement research and analysis report
  • AC6208 is assessed by a group project

Full details and regulations governing Examinations for each programme will be contained in the Marks and Standards 2016 Book and for each module in the Book of Modules. See also General Regulations for the Degree of Master.

Full module information is detailed in the section below.

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Modules

Year 1

  • Financial Reporting 2

    Year 1

    Financial Reporting 2 (AC6200)

    To equip students with the competence to prepare financial statements for companies and groups in accordance with IFRS and relevant legislation.

    More Information
  • Computer Applications for Accountants

    Year 1

    Computer Applications for Accountants (AC6206)

    To develop an understanding of, and competency in, the use of computing applications in accounting and auditing.

    More Information
  • Accounting Research, Analysis and Communication

    Year 1

    Accounting Research, Analysis and Communication (AC6207)

    This module provides the opportunity to acquire the necessary knowledge and analytical skills to enable students to design, conduct and present research in areas of interest to accountants in practice and in industry, and also to clients of the profession

    More Information
  • Accounting Research Project

    Year 1

    Accounting Research Project (AC6208)

    This module aims to allow students to apply the skills and knowledge acquired in the Master of Accounting modules to a research project. The ability to perform independent research on either primary or secondary data is a key learning outcome of the prog

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  • Management Accounting 1

    Year 1

    Management Accounting 1 (AC6210)

    To equip students with an understanding of, and skills in, the use of accounting information to manage an organisation.

    More Information
  • Management Accounting 2

    Year 1

    Management Accounting 2 (AC6211)

    To equip students with an understanding of, and skills in, the use of accounting information for decision-making, performance evaluation and control in organisations.

    More Information
  • Corporate Finance 1

    Year 1

    Corporate Finance 1 (AC6212)

    To equip students with a good working understanding of the activities of the finance function in a variety of contexts.

    More Information
  • Corporate Finance 2

    Year 1

    Corporate Finance 2 (AC6213)

    To equip students with a good working understanding of the activities of the corporate finance function in a variety of contexts.

    More Information
  • Auditing and Ethics - Part 1

    Year 1

    Auditing and Ethics - Part 1 (AC6214)

    To equip students with an appreciation and knowledge of the legal and business environment in which audit and assurance assignments are conducted. To understand and appreciate auditing principles, the audit process and development of audit strategies and

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  • Auditing and Ethics - Part 2

    Year 1

    Auditing and Ethics - Part 2 (AC6215)

    To equip students in the application of auditing principles in situations frequently encountered in professional practice.

    More Information
  • Taxation 1

    Year 1

    Taxation 1 (AC6216)

    To equip students with the knowledge and skills to deal with most routine issues in Corporation Tax.

    More Information
  • Taxation 2

    Year 1

    Taxation 2 (AC6217)

    To equip students with the knowledge and skills to deal with most routine issues in Capital Gains Tax, Capital Acquisitions Tax and Stamp Duty.

    More Information
  • Presentation of Financial Statements

    Year 1

    Presentation of Financial Statements (AC6218)

    To develop an understanding of and competence in the regulation, preparation and analysis of financial statements.

    More Information
  • Application of IFRS Principles

    Year 1

    Application of IFRS Principles (AC6219)

    To develop an understanding of corporate financial reporting and to equip students with the competence to prepare financial statements in accordance with International Financial Reporting Standards (IFRS) and other relevant legislation.

    More Information

For full programme requirements, please refer to the University College Cork Academic Calendar here

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Entry Requirements

To apply for this course you must have:

  • at least 2.1 in a degree with a significant accounting specialisation AND expect to qualify for exemption from the CA Proficiency 1 examination of Chartered Accountants Ireland (CAI)

Applicants who do not meet the exemption requirement in full by the registration date may only be admitted in exceptional circumstances following approval by the Programme Board and the School of Business.

If you are applying with Qualifications obtained outside Ireland and you wish to verify if you meet the minimum academic and English language requirements for this programme please click here to view the grades comparison table by country and for details of recognised English language tests. 

View the grades comparison table

Non-EU Candidates

Non-EU candidates are expected to have educational qualifications of a standard equivalent to Irish university primary degree level. In addition, where such candidates are non-native speakers of the English language they must satisfy the university of their competency in the English language. To verify if you meet the minimum academic requirements for this programme please visit our qualification comparison pages.

For more detailed entry requirement information please refer to the International website .

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Application Process

1. Choose Course

Firstly choose your course. Applicants can apply for up to three courses under one application. Details of taught courses are available on our online prospectus.

2. Apply Online

Once you have chosen your course you can apply online at the Postgraduate Applications Centre (PAC). Applicants will need to apply before the course closing date. There is a €50 application fee.

3. Gather Supporting Documents

Scanned copies of the following documents will need to be uploaded to PAC in support of your application. Applicants may need to produce the original documents if you are accepted onto a course and register at UCC.

  • Original qualification documents listed on your application including transcripts of results from institutions other than UCC
  • Any supplementary forms requested for your course.

Please log into PAC for more details.

4. Application processing timeline

Our online application system PAC opens for applications in early November of each year.

Questions on how to apply?

EU students contact graduatestudies@ucc.ie

International students contact internationaloffice@ucc.ie

Additional Requirements (All Applicants)

Please note you will be required to answer specific additional/supplementary questions as part of the online applications process for this programme. A copy of these additional/supplementary questions are available to view here:  CKL26 Supplementary Form (171kB)

The closing date for non-EU applications is 15th June 2019

Non-EU Applications

Applicants who are interested in applying for the programme can also apply online at PAC.

For full details of the non-EU application procedure please visit our how to apply pages for international students.

**All Applicants please note: modules listed in the course outline above are indicative of the current set of modules for this course, but these are subject to change from year to year. Please check the college calendar for the full academic content of any given course for the current year. 

In UCC, we use the term programme and course interchangeably to describe what a person has registered to study in UCC and its constituent colleges, schools and departments. 

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Fast track your career in business with an accounting qualification