Other options

If you study Accounting BA at XJTLU you can choose from these options to study at the University of Liverpool on the XJTLU 2+2 programme.

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Accounting and Finance BA (Hons): XJTLU 2+2 programme

Course details

You can expect to gain a foundation for deeper study of accounting issues in addition to having an understanding of fundamental accounting and finance concepts and principles by undertaking our Accounting and Finance programme.

Our Accounting and Finance programmes are ranked 1st in the Russell Group (4th in the sector) for student satisfaction (NSS 2022) and 2nd in the Russell Group for teaching quality, with an overall ranking of 14th from 99 providers (Times Good University Guide 2023).

*based on subject area.

Course overview

Our BA Accounting and Finance programme has a theoretical and practice-led approach covering the core aspects of accounting and finance including financial accounting, management accounting and finance. It also covers specialist areas such as auditing, taxation and strategy to a level equivalent to the ICAEW professional stage.

Choosing this highly accredited course can give you an advantage in a range of careers including: accountancy (both in practice and in industry), investment banking, asset management and insurance in organisations such as Deloitte, EY, Grant Thornton, KPMG, NHS, PwC, Siemens as well as in the public sector. Some students also pursue further postgraduate study.

With close industry links, excellent teaching, and quality content the programme is accredited by the professional accountancy bodies and receives the maximum number of exemptions available to any university from:

  • Institute of Chartered Accountants in England and Wales (ICAEW)
  • Association of Chartered Certified Accountants (ACCA)
  • Chartered Institute of Management Accountants (CIMA)
  • Chartered Institute of Public Finance Accountants (CIPFA)
  • Institute of Charted Accountants of Scotland (ICAS)

Course content and modules

Year two

When you transfer to Liverpool you will start to build upon the foundations you created in your studies at XJTLU and demonstrate an understanding, knowledge and application of accounting and finance concepts and principles across a range of business contexts. With expertise in broader areas of accounting and finance you will also understand key accounting methodology as well as the consequences and ethical impact of decision-making.

You will continue to develop your employability skills and attributes where decision-making is necessary and be able to self-reflect on your strengths and weaknesses. There is also an opportunity to take an optional module to explore an area of business that interests you.

On the 2+2 programme, you'll study your third and fourth years at the University of Liverpool. These will be year two and year three of the University of Liverpool's programme of study.

Compulsory

ACCOUNTING THEORY (ACFI202)

Credits: 15 / Semester: semester 2

This module aims to increase students’ knowledge of financial accounting theory and its relevance to accounting practice. The module examines market for accounting information; processes and effects of regulating financial reporting; the incentives which drive managers’ choices of alternative accounting policies; unregulated financial reporting, capital markets’ response to accounting information; the critical perspectives of accounting and also considers a number of other important issues in financial reporting. Upon successful completion of this module, students should develop a good understanding of the role of financial accounting theory and its importance for accounting practice and reporting.

AUDIT AND ASSURANCE (ACFI210)

Credits: 15 / Semester: semester 1

This module examines the regulatory framework within which the statutory audit in the UK operates. It covers key elements of International Standards on Auditing with respect to planning, control, evidence and reporting. Students develop an understanding of the nature and purpose of the assurance process as well as the fundamental principles of ethics in the context of audit and assurance.

BUSINESS LAW (ACFI211)

Credits: 15 / Semester: semester 2

This module provides students with a foundation understanding of legal institutions of English law, as well as a general, non-specialist introduction to areas of English law that is pertinent and relevant to accounting and finance.

FINANCIAL MANAGEMENT (ACFI204)

Credits: 15 / Semester: semester 1

The module aims to introduce students to the modern theory of finance and financial management. Theoretical concepts like the net present value, decision making under uncertainty, portfolio selection and the capital asset pricing model are introduced. These concepts serve as prerequisites for investment and financing decisions which are exemplified by an analysis of valuation of firms, capital structure decisions and dividend policy. More specifically, the topics covered are the value and capital budgeting, portfolio theory, models of security valuation, efficient markets, long-term financing, company dividend decisions, capital structure, and interactions of investment and financing decisions. In all cases contemporary examples will be used to make theory come to life.

FINANCIAL REPORTING 1 (ACFI201)

Credits: 15 / Semester: semester 1

This module develops students’ knowledge from first year study by introducing more complex accounting standards which enables them to prepare complete single entity financial statements or extracts thereof. The module introduces accounting concepts and ethical issues and begins to develop students critical thinking in this area.

MANAGEMENT ACCOUNTING (ACFI203)

Credits: 15 / Semester: semester 2

ACFI203 primarily deals with the tools and techniques that management accountants use to generate the financial information needed by the managers of an organisation. The module begins by developing the product costing techniques introduced in the first year, covering activity-based and life-cycle approaches. Relevant quantitative techniques (such as learning curve models) are then considered. A range of decision-making techniques are covered (such as pricing decisions, making best use of scarce resources, and dealing with risk and uncertainty). Further uses of standard costing and variance analysis for controlling business performance are examined. Measuring divisional performance and the setting of transfer prices in divisionalised businesses are discussed, as well as performance analysis in the public and private sectors. Many of these themes will be further built upon in the final year in looking at performance management systems, measurement and control. Successful students will therefore possess a thorough grounding in the methods used by management accountants, and will be well-prepared for final-year study in the subject (ACFI303 Advanced Management Accounting). This module is delivered by means of lectures and question-practice workshops, and the assessment is conducted via a three-hour final exam.

TAX COMPLIANCE (ACFI212)

Credits: 15 / Semester: semester 2

The module covers the general UK taxation system and introduces students to the relevant taxes in the UK tax system. The module explains the general objectives of tax, the influences upon the UK system of tax and the different types of tax in the UK It discusses the ethical issues arising in the course of performing tax work and identifies the obligations the UK system of tax imposes on taxpayers and the implications for taxpayers of non-compliance. The module covers capital gains tax payable by individuals and trustees, income tax owed by or owed to individuals and trustees, inheritance tax due on lifetime transfers and transfers on death by individuals, personal representatives and trustees, national insurance payable by individuals, businesses and companies, corporation tax liabilities of companies, VAT owed by, or owed, to businesses and the amount of stamp taxes due in straightforward transactions.

Optional

BUSINESS ETHICS (PHIL271)

Credits: 15 / Semester: semester 1

This module deals with business ethics and the social responsibility of business organizations. It is designed to inform decision-making about ethical challenges arising in business. It will help students identify and manage difficult ethical dilemmas they are likely to encounter in their future career. It is not intended to convert sinners into saints, to preach ethical truths, or to convey the wisdom of moral philosophers. However, it will develop students’ analytical skills in ethical reasoning and provide them with a substantive framework to deal with ethical challenges. The module is taught by lecture (2 x 1 hour lectures per week) and workshops (2 during the semester, 2 hours each). Assessment is via case study analysis (40%) and an open book examination (60%). There will also be formative tests during the term. This module is identical to PHIL272, except that it runs in Semester 1.

ENTREPRENEURSHIP (ULMS252)

Credits: 15 / Semester: semester 1

The module introduces students to the practical aspects of entrepreneurship and new firm formation in a live action centred manner. It is highly interactive and exposes students to the challenges faced by many new start-up firms, seeking to ensure students understand the ethical and social value aspects of entrepreneurship.

INTRODUCTORY ECONOMETRICS FOR BUSINESS AND ECONOMICS (ECON233)

Credits: 15 / Semester: semester 1

This module introduces students to basic econometrics and its application to problem solving and decision making within an economics and business context. Initially, students will be shown the concepts and theory (nontechnical) behind the econometric techniques followed by examples of their application to real data sets. Subsequently, students will have the opportunity in tutorials to apply taught learnings from class to analyse and interpret econometric analysis outputs from real economics and business applications.

THEORY OF THE FIRM (ECON254)

Credits: 15 / Semester: semester 1

This module gives an overview of some very basic economic principles as it applies to the firm and its environment. It equips the student with the knowledge and skills necessary to understand and evaluate internal and external factors that influence the strategic decisions made by the firms. This includes the analysis of the nature and behaviour of firms in international markets. It is designed for non-economists such as Business Studies students . Explanations are sometimes based on very basic diagrams and students are expected to have GCSE level maths.

Your experience

Day-to-day teaching will take place in the University of Liverpool Management School; a world leading centre for management and leadership education and research and is one of an elite group of institutions worldwide to hold the gold standard ‘triple-crown’ accreditation. At the Management School, students have access to careers education, opportunities to work as well as excellent library and IT facilities, just one minute’s walk away.

Virtual tour

What students say...

Feng Mengyu portrait

All my lecturers are very professional and kind. In class so good at breaking down obscure knowledge into an easy way to understand. The teacher-student relationship here is very harmonious.

Feng Mengyu, BA (Hons) Accounting and Finance