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MSc Accounting and Finance for the Global Energy Sector

This new specialist master’s degree is designed to address issues concerning the measurement, reporting and financial analysis of the world’s future sustainable energy objectives.

Next Start Date: September

Degree type: MSc

UCAS Code: Apply directly

Duration: 1 year (full time), 2 years (part time)

Introduction

Aligned with the guidelines and targets of several global organisations including the International Energy Agency (IEA), United Nations (UN) and Renewable Energy Policy Network (REN21), our unique programme will prepare you for a career within the accounting, finance and sustainability spheres of the energy sector or related industries worldwide. 

In modern society, the energy industry is pivotal to the effective running of all economies. Our quality of life is highly dependent on energy resources and how we produce, supply, conserve and secure these, both now and in the future, is of vital importance. It is therefore essential that we establish and strengthen an awareness and a robust accounting and finance framework in this field to support energy companies to make informed decisions about sustainability investment for the future.
Our Accounting & Finance for the Global Energy Sector is designed to address key issues concerning financial/nonfinancial measurements, reporting as well as financial analysis relating to mainly nonconventional energy sources, transitioning to clean energy sources, carbon emission and pursuit of global sustainability objectives. Furthermore, the program is designed for both UK and non-UK students pursuing careers in the energy sector or in any related industry worldwide, especially those concerned with preparation and use of accounting and other financial reports. The list includes, but not limited to, accountants (both professionals and non-professionals), financial analysists, managers, economists, regulators, environmentalists, engineers and geologists.

On joining the programme, you will:

  • Develop the ability to apply relevant methods and techniques in accounting, reporting and financial analyses of issues in energy accounting and finance
  • Be exposed to the contentious accounting and reporting issues for energy companies engaged in the generation, distribution, transmission and retailing of conventional and clean energy
  • Learn, apply and critically analyse methods and techniques used for measuring, accounting and reporting carbon emission information
  • Broaden your understanding of the complex operations of energy markets
  • Be introduced to the audit and other tools used to evaluate energy production and consumptions efficiently at both macro and micro levels

What you study

Our programme is unique as it focusses on three key strands which are central to accounting and finance for future energy security:

Accountability – the provision of accounts to relevant stakeholders, identifying the financial and non-financial impacts of energy companies’ operations and activities, and delivering these using the most appropriate reporting media.

Financial Analysis – using various tools to evaluate finance and investment decisions relating to clean energy systems such as fusion nuclear, wind, solar, and hydro power.

Sustainability – considering how energy companies can contribute to the overall needs of society without compromising the ability of future generations to meet their own needs in keeping with variable external factors.

Our programme comprises of nine core modules:

  • Energy Accounting
  • Financing Clean Energy Projects
  • Carbon Accounting & Finance
  • Accounting for Sustainable Development in the Energy Sector
  • Project Management
  • Controlling Corruption in the Energy Sector
  • Energy Economics & Markets
  • Research Methods
  • Capstone Project

Instead of the traditional research-based dissertation, this programme enables students to harness their learning from the full programme by working on a capstone project. This project will provide an opportunity to analyse a current industry problem or challenge and develop justifiable recommendations for industry solutions.

On graduating from the programme, you’ll be able to prepare, analyse and interpret various accounting reports and financial statements for energy companies. You’ll learn to critically analyse carbon accounting and sustainability information and will have developed the skills to analyse energy markets and apply methods and techniques to evaluate financing and investing decisions for clean energy projects.

You’ll learn via traditional lectures, tutorials and seminars which will be supported by online resources. During your face-to-face sessions with academics and peers, you’ll be encouraged to engage and actively participate through questions and class discussions.

Assessment

Depending on the nature of each module, you’ll be assessed through class tests, assignments, oral presentations and case studies.

Entry routes

Applications to this course are open all-year round for September or January entry (programme begins Sept 2018).
This programme is for accountants, financial analysists, managers, economists, regulators, environmentalists, engineers, geologists, or anyone who has a keen interest in pursuing a career within the energy or any related sector, especially those concerned with the preparation, analyses and use of accounting and other financial reports.

Applicants should have:

  • An undergraduate degree (2:2 or better) in a discipline which includes mathematics, accounting or economics 
  • A desire to learn how accounting and finance relates to the world’s future sustainable energy objectives

Full-time and part-time students will study modules as one cohort.

Overseas/EU

Overseas students are encouraged to apply at least 3 months before the programme begins to allow enough time to apply for a Tier 4 visa should they be successful at securing an offer from us.
All applicants are required to provide certified proof of competence in English Language. The University's minimum requirements are:

Overseas and EU: IELTS 6.0 (no individual test less than 5.5).

English Language Requirements

Information can be found on our English Language Requirements page.

We also offer English Language Courses which help you reach a standard suitable for studying at Abertay.

Visa Information

For information on how to apply for a student visa, please read our preparation for study page and our overseas pre-arrival guide.    

Fees and scholarships

Fees for 2018 entry will be confirmed in due course.

Further info

PROGRAMME ACADEMICS

With our energy expert team, you’ll be in good company. Our lecturers have had vast experience of successfully delivering cutting-edge content in accounting, economics and finance disciplines relating to the energy sector:

Professor Reza Kouhy (Programme Leader)

Research Interests: Social and Environmental Accounting, Carbon Accounting, Renewable Energy Accounting; Oil and Gas Accounting, Financial and Management Accounting, Human Resource Accounting and Organisational Performance.

Dr Aminu Hassan

Research Interests: Sustainability accounting, renewable energy policies and performance of energy companies, oil and gas accounting, verbal tones in sustainability assurance statements, social and environmental disclosures in emerging and less developed economies

Dr Gonzalo Forgues-Puccio

Research Interests: Economic growth and Development, Governance and Corruption, Inequality and Income Distribution, Financial Markets and Institutions

Neil McGregor

Research Interests: Project investment decision-making techniques and performance effects, local economic development and regional innovation systems, labour markets, migration and skills development, internationalisation of higher education

Dr Greg Bremner

Research Interests: Macroeconomic consequences of North Sea oil in Scotland

Quote from programme leader:

“We are pleased to introduce this unique, exciting and novel programme within the current Global Energy Transition environment. This MSc Programme provides a unique opportunity for gaining ‘knowledge’ and ‘skills’ of Energy Accounting and Finance connected to the needs of various industries and international organisations such as International Energy Agency (IEA), United Nations (UN); and World Bank. Our expert academic team are well connected to energy industries and distinguished energy experts. We look forward to working closely with students and industries on this exciting leading-edge MSc programme.”

Professor Reza Kouhy (Programme Leader), Chair of Energy & Environmental Accounting, Abertay University.

Industry Links:

Guest lectures, case studies, capstone projects and our well-connected academics mean you’ll gain valuable exposure to key industry professionals throughout the programme.

The design and development of this programme has been led by Professor Reza Kouhy, an expert in this specialism of this programme. He has first-hand knowledge of both the academic and professional debates and standards within energy accounting and finance well connected to the needs of industry. Many other deliverers on this programme also have high-level links with organisations and networks such as ICARB, Oil & Gas UK, OGIC, CeeD and Scottish Government.

External Energy experts who are already connected to this programme include:

Professor Alex Russell: Chairman of the Oil Industry Finance Association

Dr Francisco Rosique: Managing Director, GEDAC Electric

Career Opportunities:

This programme will open up a host of opportunities for you. You’ll have essential knowledge on how to achieve global success relating to energy efficiency, energy security, environmental sustainability as well as financial and non-financial transparency and accountability within the energy sector.

We’re expecting our graduates to enter organisations related to:

  • Power and utility
  • Conventional energy
  • Renewable energy generation and distribution
  • Energy regulators
  • Government departments
  • Companies aiming for transition to clean energy

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