Master of Science in Accounting and Finance 

The Master of Science in Accounting and Finance (MSAC) programme holds significant importance in the global context, as finance and accounting play pivotal roles in driving economic growth and enabling effective decision-making within organizations. As the global economy faces increasing complexities and challenges, the demand for highly trained professionals in accounting and finance becomes crucial to address emerging trends and contribute to sustainable financial practices (Venter, Gordon, Street, 2018). In Sub-Saharan Africa, a region characterized by a diverse economic landscape and growing opportunities, the demand for skilled accounting and finance professionals is even more critical. The MSAC programme aims to cater for this demand by providing specialized training that aligns with the unique financial needs and regulatory environments of Sub-Saharan African countries. By equipping students with a deep understanding of local financial markets, taxation laws, and financial reporting standards, the programme enables them to excel in their roles and contribute to economic development and financial stability in the region. In addition, finance and accounting professionals in Africa also need to acquire/improve skills in relatively new concept areas, including climate change and Environmental, Social and Governance (ESG) disclosure requirements. Even in more traditional roles, it is believed that the professionals could benefit some more from well-targeted capacity building interventions. And the same can be said of the public sector, where the insufficiency or absence of capacity has stalled important public financial management reforms – including the adoption of international standards (ACCA, 2022).

Career Path

Upon completion of the programme, graduates should be able to:

  • Apply advanced knowledge and practice of accounting and finance.
  • Demonstrate the ability to conduct research in accounting and or finance.
  • Test and advise on accounting and finance issues
  • Strategically execute accounting and finance knowledge to optimize compliance with international financial reporting standards.
  • Implementation of management skills to handle accounting and finance challenges, technological changes and emerging issues in accounting and finance.

Course Units

Fees Structure & Program Requirements

To be admitted into this programme, a candidate must possess the following:

  • At least a lower Second Division Honors in Commerce, Accounting, Finance, Management or Business from Makerere University or its equivalent from a recognized and Chartered University.
  • A Postgraduate Diploma in Business Management or Finance and Accounting from Makerere University Business School or its equivalent from a recognized and chartered Institution.
  • Possession of appropriate professional qualifications like ACCA, CPA, CFA and Diploma in Finance/Accounting from the Chartered Institutes or its equivalent.

Other Fees: Retake fee is UGX 20,000 Per paper.

All Master programmes are to pay Research fee of UGX,100,000/=

All Doctorate programmes are to pay Research fee of US$,100.

Please note: That all payments are received through Uganda Revenue Authority (URA) using a Payment Reference Number (PRN)
Fees Payment Procedure:
Log on to https://myportal.mubs.ac.ug to generate a Payment Reference Number (PRN) from the AIMS and Proceed to transact in any Bank using the PRN
Modes of Fees Payments;
1. Direct Cash deposit to any Bank and transact with the PRN
2. Cheque /Bank Draft in the name of Uganda Revenue Authority and bank it using a MUBS generated PRN.
3. By EFT on Bank of Uganda Account Number: 003410158000002 – A/c Name: Uganda Revenue Authority (This Account should strictly be used for EFT Transactions – clearly indicating the Payment Reference Number (PRN) in the description.
TERMS OF PAYMENT
1. All fees are payable at the beginning of the academic year.
2. If paid in installment, functional fees must be paid at 100% and Tuition fees at 60%.
3. All fees must have been paid by the 6th (sixth) week of the semester.
To enable us plan the semester and provide students with the necessary facilities, it is important that fees is paid in time in accordance with the given options and terms above.
Note: There will be a charge of 57,500/= for late registration.

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