The Robert Gordon University logo
  • Tuition Fee:
  • Local: $ 6.52k / Year
  • Foreign: $ 14.2k / Year
  • Languages of instruction:
  • English

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    The MSc Oil and Gas Accounting is a new postgraduate course designed for you to develop specialist knowledge and skills specifically for a career in the oil and gas industry and it will also provide you with the opportunity to study in Oil capital of Europe. It offers a blend of theory, experience and the practical skills required for effective financial management within the industry.

    The course will enable students to develop a critical awareness of the key issues in accounting for upstream oil and gas exploration, development and production activities and is delivered by respected academics with relevant industry experience.

    They include Professor Alex Russell, Chair of Oil Industry Finance Association which is associated to Oil and Gas UK. The Oil Industry Finance Association sets the Standard Oil Accounting Procedures and advises on the short and long form accounting procedures for use in the oil industry.

    The structure of this course combines generic finance modules with industry specific modules. In Semester 1 students study two of each of these and work in Semester 2 further develops the finance and industry specific skills. The skills required to undertake an extensive study into a particular aspect of oil and gas accounting will also be developed during this semester. These are essential in Semester 3 when each student will be required to prepare and produce a self-directed dissertation.

    The course will develop your knowledge of the theory and practice of accounting, audit and financial management for oil and gas activities from an international perspective. It also provides an understanding of the industry as, in collaboration with industry, the course has been meticulously designed to meet the demands of the sector and to tackle a full range of topics.

    Semester 1

    * International Oil and Gas Accounting
    * Oil and Gas Management
    * Financial Information and Decision Making
    * Quantitative Methods for Finance

    Semester 2

    * Research Methods
    * Corporate Financial Management
    * Petroleum Economics and Asset Management
    * Oil and Gas Management Accounting

    Semester 3

    * Dissertation

    Award: MSc Oil and Gas Accounting


    UK requirements for international applications

    Universities in the United Kingdom use a centralized system of undergraduate application: University and College Admissions Service (UCAS). It is used by both domestic and international students. Students have to register on the UCAS website before applying to the university. They will find all the necessary information about the application process on this website. Some graduate courses also require registration on this website, but in most cases students have to apply directly to the university. Some universities also accept undergraduate application through Common App (the information about it could be found on universities' websites).

    Both undergraduate and graduate students may receive three types of responses from the university. The first one, “unconditional offer” means that you already reached all requirements and may be admitted to the university. The second one, “conditional offer” makes your admission possible if you fulfill some criteria – for example, have good grades on final exams. The third one, “unsuccessful application” means that you, unfortunately, could not be admitted to the university of you choice.

    All universities require personal statement, which should include the reasons to study in the UK and the information about personal and professional goals of the student and a transcript, which includes grades received in high school or in the previous university.


    University requirements


    Program requirements

    A good honours degree in any numerically orientated degree. Applicants having a degree or degree equivalent qualification and relevant work experience may also be considered, as may qualifications from approved professional accountancy bodies such as ACCA and CIMA.All international students, for whom English is not their first language, must provide evidence of linguistic ability, by gaining either IELTS 6.5 or its equivalent in TOEFL. English Language Requirements IELTS band: 6.5 TOEFL iBT® test: 90 IMPORTANT NOTE: Since April 2014 the ETS tests (including TOEFL and TOEIC) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.

    Merit Scholarship
    Aberdeen Business School offers a number of merit scholarships to our outstanding students. The scholarship is available to

    * international students who will study the course by full time and distance learning and pay for the fees at the international rate; or
    * UK or EU students who study the course by full time and the fees are set in excess of 6,000 GBP; or
    * UK or EU students who will study the course by distance learning.

    Accreditation

    The MSc Oil and Gas Accounting is accredited by The Association of International Accountants (AIA) and the Energy Institute.

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