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Education Master's and PhD degree programmes Accountancy and Controlling
Header image Accountancy and Controlling

Accountancy and Controlling

How can you ensure that shareholders and managers receive the right information? How do modern-day developments, such as IT and Corporate Social Responsibility, affect the provision of information?

The MSc Accountancy and Controlling emphasizes the importance of high-quality information. In today's world, such information is crucial for all kinds of decisions. For instance, shareholders have to decide whether to continue their investment in particular companies, and managers need to decide which strategy to follow for their company to remain successful. These and other decisions require relevant, reliable, and timely information. In your Master’s programme, you will learn how to design information systems that produce such information, and how to assess the quality of existing systems.

The emphasis will be on the future role of auditors and controllers in society. Therefore, much attention will be paid to the opportunities and threats which arise due to innovations in information technology. Similarly, the current trend of reporting about sustainability issues, and its implications for information systems, will receive ample attention. Of course, also more traditional topics, such as ways to detect fraud, will be discussed at length. Many graduates of the MSc Accountancy and Controlling further specialise by obtaining a professional qualification and/or following an executive master programme.

Facts & Figures
Degree
MSc in Accountancy and Controlling
Course type
Master
Duration
12 months (60 ECTS)
Croho code
60643
Language of instruction
English
Start
February, September
Faculty
Economics and Business
Accreditation EQUIS
Why study this programme in Groningen?

The programme prepares you for a role as an auditor or controller in a dynamic world which faces major developments in IT and increasingly emphasises sustainability issues. This is an internationally accredited programme, providing high-quality teaching that meets both AACSB and EQUIS standards, which only one percent of universities worldwide achieve.

The Master's programme in Groningen is taught at an advanced level because the students attending this programme have specialised in Accounting in their previous studies. Groningen is also the only place in the Netherlands where you can gain a second Master's degree in Accountancy, the Executive Master of Accountancy (EMA). ► https://www.rug.nl/feb/ema

Programme

The programme has two profiles to choose from: Accountancy and Controlling.

The Accountancy profile focuses on the information needs of external stakeholders, such as shareholders. This focus comes back in courses on Auditing (10 EC in total) and Financial Accounting (10 EC). So much attention will be paid to a firm's external reporting and the investigation of the quality of information systems and external reports.

The Controlling profile emphasizes the information needs of managers and other internal stakeholders. This emphasis is realized in courses on Management Accounting / Management Control (15 EC) and Financial Management (5 EC). Therefore, the provision of information for decision making and control will be the main interest.

Both profiles include courses on Strategy (5 EC) and Accounting Information Systems (10 EC). The AIS courses are centered around current developments in IT. Current developments in Corporate Social Responsibility come back in several courses (including both profile-specific and shared courses). Both profiles are rounded off with a thesis (20 EC), for which students prepare themselves in a course on research methods (5 EC). You can choose between quantitative and qualitative research methods. The data collection for the thesis can be combined with an internship.

Periods
CoursesCourse Catalog >12
Accountancy: Advanced Accounting Information Systems (5 EC)
Accountancy: Auditing Theory (5 EC)
Accountancy: Financial Accounting Theory (5 EC)
Accountancy: IT in Control (5 EC)
Accountancy: Research in Accounting and Control (5 EC)
Accountancy: Strategic & Organizational Design (5 EC)
Controlling: Advanced Accounting Information Systems (5 EC)
Controlling: Management Accounting Techniques (5 EC)
Controlling: Research in Accounting and Control (5 EC)
Controlling: Strategic & Organizational Design (5 EC)
Controlling: Value-Based Management (5 EC)
ControllingManagement Accounting Change (5 EC)
Accountancy: Auditing Research (5 EC)
Accountancy: International Financial Accounting (5 EC)
Accountancy: Master's Thesis Accountancy (20 EC)
Controlling: IT in Control (5 EC)
Controlling: Master's Thesis A&C (20 EC)
Controlling: Research in Management Control (5 EC)
Programme options
Double Degree Master China and the World Economy (specialization)

2 year Double Degree programme in Groningen and Fudan University Shanghai

More information about this option

Master Internship (specialization)

Opportunity to gain work experience by doing an internship in the second semester of your study.

You will be rewarded 15 ECTS on top of your programme. Your thesis will be postponed to the third semester.

More information about this option

Study abroad

  • Study abroad is unaccommodated
Entry requirements

Admission requirements

Specific requirementsMore information
previous education

To be eligible for admission to this Master, you need to hold an academic Bachelor's or Master's degree from a research university in the field of Business Economics or Business Administration with a specialisation in Accountancy & Controlling; the contents of the programme has to meet specific requirements; for instance, it needs to include courses in Auditing and Accounting information systems (or Internal Control).

To assess whether your educational/academic background meets the specific programme requirements, we will consider the level and curriculum of your previous studies. For more information, please visit: https://www.rug.nl/feb/apply-msc.

other admission requirements

Not meeting the pre-education requirements for direct entry? Please read more about our pre-Master programmes: https://www.rug.nl/feb/premaster.

Transfer options

Study programmeOrganizationTransition
All Universities of applied sciences

Via a pre-master

More information:

Other HBO programmes

Deficiency programme More information:

  • Pre-MSc in A&C for HBO other programmes

https://www.rug.nl/feb/premaster

AccountancyAll Universities of applied sciences

Deficiency program

More information:

Deficiency programme

More information:

  • HBO Accountancy with a pass mark on the Overall Test, upon completion of the Pre-MSc in A&C for HBO-AC
  • HBO Accountancy without a pass mark on the Overall Test, upon completion of the Pre-MSc in A&C for HBO-BE
Finance and ControlAll Universities of applied sciences

Deficiency program

More information:

Deficiency programme

More information:

  • HBO Bedrijfseconomie, upon completion of the Pre-MSc in A&C for HBO-BE

https://www.rug.nl/feb/premaster

Study programmeOrganizationTransition
International BusinessUniversity of Groningen

Additional requirements

More information:

Deficiency programme

For more information, please contact the study advisors: https://www.rug.nl/feb/studyadvisors

Business AdministrationUniversity of Groningen

No additional requirements

More information:

Profile Accountancy & Controlling

Business AdministrationUniversity of Groningen

Additional requirements

More information:

Profiles Business and Management and Technology Management.

  • Deficiency programme

For more information, please contact the study advisors: https://www.rug.nl/feb/studyadvisors

Economics and Business EconomicsUniversity of Groningen

Additional requirements

More information:

Deficiency programme

For more information, please contact the study advisors: https://www.rug.nl/feb/studyadvisors

Application deadlines

Type of studentDeadlineStart course
Dutch students15 October 202001 February 2021
01 May 202101 September 2021
15 October 202101 February 2022
EU/EEA students15 October 202001 February 2021
01 May 202101 September 2021
15 October 202101 February 2022
non-EU/EEA students15 October 202001 February 2021
01 May 202101 September 2021
15 October 202101 February 2022

Admission requirements

Specific requirementsMore information
certified competences

A GMAT/GRE test is required from all candidates who obtained their bachelor's degree from a university in a non-EU/EEA country. For specific scores and exemptions, please see https://www.rug.nl/feb/gmat-gre.

Both GMAT and GRE are now being offered by mba.com and ETS as an online option to take from home worldwide. Please check their websites for more information.

language test

IELTS Academic overall score 6.5 (Speaking 6, Writing 6.5); TOEFL internet-based overall score 90 (Speaking 20, Writing 24); C1 Advanced, C2 Proficiency (with minimum score 180); University of Groningen Language Centre Test (Speaking B2, Writing C1).

  • ETS is offering the TOEFL tests as an online option to take from home worldwide. Please check their website for more information.
previous education

To be eligible for admission to this Master, you need to hold an academic Bachelor's or Master's degree from a research university in the field of Business Economics or Business Administration with a specialisation in Accountancy & Controlling; the contents of the programme has to meet specific requirements; for instance, it needs to include courses in Auditing and Accounting information systems (or Internal Control).

To assess whether your educational/academic background meets the specific programme requirements, we will consider the level and curriculum of your previous studies. For more information, please visit: https://www.rug.nl/feb/apply-msc.

If you have any questions concerning admission to this programme, please contact our Admissions Office: https://www.rug.nl/admissions.

other admission requirements

Not meeting the pre-education requirements for direct entry? Please read more about our Pre-MSc programmes: https://www.rug.nl/feb/premaster.

Registration procedure

Students have to apply via Studielink and the Online Application System (OAS) of the University of Groningen. After you apply for the programme of your choice, the Admissions Office will evaluate your educational background and assess your eligibility. Your application will be assessed on an individual basis. More information on how to apply.

Application deadlines

Type of studentDeadlineStart course
Dutch students15 October 202001 February 2021
01 May 202101 September 2021
15 October 202101 February 2022
EU/EEA students15 October 202001 February 2021
01 May 202101 September 2021
15 October 202101 February 2022
non-EU/EEA students15 October 202001 February 2021
01 May 202101 September 2021
15 October 202101 February 2022
Tuition fees
NationalityYearFeeProgramme form
EU/EEA2020-2021€ 2143full-time
non-EU/EEA2020-2021€ 15000full-time

Practical information for:

After your studies

Job prospects

Your Master's programme is a good basis for many positions in both the private and the public sectors, including the positions of auditor and controller (sometimes called management accountant). Also becoming a consultant in related areas is an option.

Many auditors start their career at one of the Big Four auditing firms: KPMG, PwC, Deloitte and EY. Auditors examine a company’s information systems and test the reliability of these systems by conducting random sample checks and data analyses.

Controllers are employed by regular companies, where they prepare budgets and reports, make cost price calculations, assess investment proposals, and design performance measurement systems. Strategic decision-making, IT solutions, and risk management are also examples of subjects a controller deals with.

To become an auditor, you usually need an additional qualification as a Chartered Certified Accountant. As a controller, you may want to pursue a Chartered Management Accountant qualification (optional). The ways of attaining these qualifications differ per country. In the Netherlands, after finishing the Accountancy profile, you can combine your job with the Executive Master of Accountancy (EMA). This programme lasts one and a half years and is combined with a three-year practical internship. On completion, you can use the title Executive Master and the Dutch qualification of 'registeraccountant'.

Alternatively, and irrespective of the profile you completed, you can follow the Executive Master of Finance and Control (EMFC). This part-time programme lasts two years, and – after completion – allows you to use the title Executive Master in Finance & Control and the Dutch equivalent 'registercontroller'.

FEB Career Services

To support you in developing your career and strengthen your employability skills, our FEB Career Services empowers you to achieve lifelong success through various career services during your studies. In order to give you a better idea of your prospects after graduating, we have gathered some facts and figures from our alumni.

Job examples

  • Financial manager
  • Consultant in the domain of financial management / information systems
  • Auditor
  • Controller
Research

Linking education to research and career preparation

The master Accountancy and Controlling focuses on both practically-oriented and academic research. On the one hand, you will become familiar with the outcomes of research in the fields of audit quality, management control, information systems, financial reporting, and corporate governance. On the other hand, you will perform practically-oriented assignments as well as research assignments yourself, which will help you to develop your academic skills.

The team of lecturers is a mix of practitioners and active researchers. Their research projects – often in collaboration with external parties – are focusing on: integrated reporting, voluntary disclosure, Corporate Social Responsibility, risk management, the role of controllers, board composition and more.

Some examples are:

  • Yasemin Karaibrahimoglu, Vlad Porumb, and Dick de Waard investigate the impact of long-form auditor’s reports on investors and lenders
  • Martijn van der Steen investigates management control in the context of fighting missions of the Royal Dutch Air force
  • Nancy Kamp-Roelands and Dick de Waard investigate the possibilities of integrated reporting in SMEs
  • Reggy Hooghiemstra, Dennis Veltrop, and Floor Rink study the effects of multiple team membership on audit quality


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  • 
						Testimonial of Toine Schouteten

    Wherever you are, there is always a need for people to check if things add up

    – Toine Schouteten
    Read more

    “In order to understand the significant added value that the MSc in A&C offers, I always rely on examples that don't appear at first to relate directly to my studies. I've undertaken a number of extra-curricular activities during my time in Groningen and it has proved very valuable for me to be educated at the academic intersection of finance, auditing, and internal control. Whether it was in a political position, during my internship in Kenya or now that I am writing my thesis on the subject of governing the global diamond and diamond jewelry value chain, there is and always will be a demand for people who can understand financial and non-financial information and explain to others why something should or should not be done. In the words of a Dutch ambassador I once spoke to, 'Wherever you are, there is always a need for people to check if things add up'. If you are looking for a sound academic base for doing this, I would encourage you to apply for the MSc in Accountancy & Controlling.”

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Study support

Studying means working independently and planning your studies yourself. But successful studying depends on many different factors, so it is understandable that you may need to consult an impartial expert to discuss your study progress and personal circumstances that influence your studies. The faculty's study advisors are available to help you. Obviously, everything discussed with the study advisor remains confidential.