Oil and Gas Accounting and Finance
PgCert | PgDip | MSc
Applications Now Open
The course will develop your practical problem-solving, analytical financial modelling and essential transferrable skills in the financial risks and rewards of oil and gas investments within relevant accounting, regulatory and policy guidelines.
It offers a mastery of the accounting for and financial management of the unique arrangements and transactions encountered in the oil and gas industry.
This course offers the opportunity to extend your study by a year to complete a 48 week work placement. Evidence suggests that graduates who can demonstrate relevant work experience have a better chance of securing a graduate level job.
At Aberdeen Business School, we are in the business of changing your tomorrow.
The first stage of the course will provide you with a broad context for understanding corporate accounting and finance considerations, including quantitative techniques and foundational elements of finance and an appreciation of the economics of the oil and gas industry.
You will develop the skills for specific applications of accounting and finance principles and tools to the oil and gas industry’s needs. You will be able to provide sound rationale and clearly communicate to relevant stakeholders the basis for accounting reporting and disclosure, operational considerations and theoretical formulations and applications of finance concepts. You will develop models and financial risk management strategies in the oil and gas industry.
The Capstone module is designed to provide you with an opportunity to integrate master's level knowledge and skills by independently working on an applied academic study or business consultancy project from a degree related discipline. Personal and professional skills such as research, consulting, oral presentation and teamwork will be developed.
We offer an extended Master’s route, starting in September, on our traditional 1-year route which incorporates a 12 month placement. This route has a duration of 24 months, and will follow the same teaching programme as the 1 year course. You will receive training, guidance and support to support you through the recruitment and selection stages for the jobs on offer from our dedicated Employability and Enrichment Hub team.
Modules and delivery order may change for operational purposes. The University regularly reviews its courses. Course content and structure may change over time. See our course and module disclaimer for more information.Detailed module information
You will learn through a combination of lectures, seminars and workshop sessions. These comprise of a mix of group study, case studies, discussion, simulation and presentations of findings by teams and individuals. Access to our virtual learning environment, CampusMoodle, is also provided giving you access from home to the learning materials (including videos, e-books and journals).
You will also have access to Datastream, FAME and Osiris, which offer company insights and fundamentals and a host of market data.
- Lectures - 15 students per group, 8 hours per week
- Seminars - 15 students per group, 2/3 masterclasses per session, typically of 2 hours
- Tutorial - 15 students, 4 hours per week
- Project Supervision - 1 student per group, 30 hours per semester (Capstone)
- Practical class or workshop - 15 students per group, 2 hours per week
- Independent Study - 1 student per group, 38 hours per week (Semesters 1 & 2)
- Independent Study - 1 student per group, 570 hours in Semester 3 (Capstone)
Staff Delivering on This Course
You will benefit from the knowledge and expertise of our teaching staff of which several are members of the UK Accounting Institutes and nationally recognised for their participation at senior level in several bodies and act as External Examiners to or chair programme/course validation or review panels for other institutions.
Our staff have either achieved Fellowship of the Higher Education Academy, or are working towards this. This is a professional recognition of lecturer practice, impact and leadership in teaching and learning.
Other staff members include industry professionals, staff with research experience and guest lecturers who deliver presentations as part of a masterclass series in relevant work-related topics.
Typically students are assessed each year:
- 5 written exams, typically for 2 hours
- 5 written assignments (coursework), including essays
- 1 dissertation (if Dissertation option selected in Capstone)
- 1 set exercise (Class test)
- 1 project report (if Business Consultancy option selected in Capstone)
- 1 presentation
We aim to provide you with feedback within 20 working days of hand-in for all written exams, coursework and practical exams.
The course encourages you to work autonomously and to take responsibility for your own learning and professional development. In addition to lectures and tutorials you will spend approximately 38 hours per week outside of class working on your own. This involves undertaking prescribed reading, preparing for tutorial assignments, team meetings and researching and writing course reports.
The Inclusion Centre advises and supports students who disclose a sensory or mobility impairment, chronic medical condition, mental health issue, dyslexia and other specific learning differences. Applicants are encouraged to arrange a pre-entry visit to discuss any concerns and to view the facilities.
ONLINE LEARNING & SUPPORT
All undergraduate and postgraduate students, whether you are learning on-campus or by online distance learning, benefit from using our collaborative virtual learning environment, CampusMoodle. You will be provided with 24/7 online access to your learning material and resources, along with the ability to interact with your class members and tutors for discussion and support.
STUDY SKILLS SUPPORT
The Study Support Team provides training and support to all students in:
- Academic writing
- Study skills (note taking, exam techniques, time management, presentation)
- Maths and statistics
- English language
- Information technology support
The Library offers support for your course, including the books, eBooks, and journals you will need. We also offer online reading lists for many modules, workshops and drop-ins on searching skills and referencing, and much more.
A postgraduate qualification in Oil and Gas Accounting and Finance provides you with the opportunity to pursue a variety of roles and careers requiring knowledge, understanding and practical skills of accounting, finance, management and economics within the context of the oil and gas industry and the energy and financial sectors.
Example careers include working in energy companies, government departments or regulatory bodies and parastatals, consulting and research companies, and energy and financial markets and institutions (including oil and gas trading, financial analysis and reporting, equity research, benchmarking and intelligence). Your remit could include applying oil and gas accounting, finance and economics in policy analysis and regulation and governance of the oil and gas industry and the extractive industry.
For those who are new to accounting, this course will allow you to develop the practical skills, knowledge and understanding required to enter into and develop your career within the accounting profession.
The qualification can also be a stepping stone for advanced research degrees (e.g. PhD) in accounting and finance.
12 MONTH PLACEMENT
For those on our Extended Master’s route (24 months Full Time On Campus) you will have the opportunity to embark on a 12 month placement on completion of the teaching programme.
Placement opportunities are real jobs in an extensive range of organisations from small and medium sized enterprises (SMEs) to global multinationals, and is an excellent way to test your academic knowledge, develop transferable skills and develop your business networks. The employing organisation is likely to be a source of rich data for the Capstone module and you will be encouraged to research an organisational issue of your choosing – likely identified through discussion with the placement employer. You will also complete a reflective e-portfolio which captures the skills development through the placement period.
Throughout the placement you will be assigned both a workplace mentor and an academic mentor and will receive ongoing support to enhance your career development.
N.B. The University cannot guarantee that all students will be successful in securing a placement. If unsuccessful, your course fee attached to the work experience element will be refunded.
- Applicants normally hold a 2:2 undergraduate honours degree or its equivalent.
- We welcome applicants with relevant professional accountancy qualifications such as ACCA and CIMA.
- Applicants with a lower degree classification and / or relevant work experience will be considered on a case by case basis.
English Language Requirements
Applicants whose first language is not English should have an IELTS of 6.5 overall, with no component lower than 5.5, or an equivalent.
We accept a variety of in-country and secure English language tests, find out more:
Please note, some courses may require a higher standard of English than stated in this page. Contact firstname.lastname@example.org for further information.
International students who do not meet our direct entry requirements for this course can gain additional entry points through our International College at Robert Gordon University.
Our Pre-Sessional English Programme (PSP) is available for students who have not yet reached the required English level and those who would like to improve their language competency.
For Academic Year 2020/2021
- ￡8,000 entire course
- ￡15,000 entire course
Extended Full-Time Masters with Work Placement
UK/EU - Full-time
- ￡8,000 Year 1
- ￡5,500 Year 2
International Students - Full-time
- ￡15,000 Year 1
- ￡5,500 Year 2
For Academic Year 2019/2020
- ￡5,500 entire course
- ￡12,470 entire course
The following course-related costs are not included in the course fees:
- The cost of books that you may wish to purchase.
- Costs associated with your placement / study abroad
- Accommodation and living costs
Robert Gordon University is delighted to offer a 20% loyalty discount on course fees for all alumni who have graduated from RGU.
Postgraduate students will normally make their own arrangements for payment of fees. However, there are a limited number of SAAS funded places on certain postgraduate courses.
There are also sources of funding that are applicable to categories of student.
Scholarships and Financial Awards
You may also qualify for a scholarship or financial award:
For new intakes course fees are reviewed and published annually for each mode of delivery. Tuition fees are fixed for the duration of a course at the rate confirmed in the offer letter. For further information see:
This course is accredited by:
Aberdeen Business School is accredited by the Association to Advance Collegiate Schools of Business (AACSB International)
The course also shares some finance modules with:
?Taking this course, you will have access to some of the world's best facilities.
We've invested more than ￡100 million in the development of our campus, new facilities and new resources.University Wide Facilities
The university has moved to home teaching and working following official COVID-19 guidance from the Scottish Government. Our staff will continue to process applications and respond to enquiries about your course during this time.
We’ve got a few options for applying to our postgraduate courses for UK, EU and international applicants.
All applicants to postgraduate courses can apply direct to the university using our online application form.
All applicants can apply direct to the University with our PDF form.