Accounting and Finance with a Year in Industry BA (Hons) Add to your prospectus

  • Offers study abroad opportunities Offers study abroad opportunities
  • This degree is accreditedAccredited

Key information


  • Course length: 4 years
  • UCAS code: N401
  • Year of entry: 2018
  • Typical offer: A-level : AAB / IB : 35 with no score less than 4 / BTEC : Applications considered
Accounting and Finance banner image

Module details

Programme Year One

In the first year, students will take eight compulsory modules introducing them to a number of aspects of accountancy and finance. Two of the modules will introduce students to the skills required by a professional accountant as part of the preparation for their post-graduation careers.

Year One Compulsory Modules

  • Introduction to Financial Accounting (ACFI101)
    Level1
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting70:30
    Aims

    To develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double entry accounting techniques in recording transactions, adjusting financial records and preparing basic financial statements. 

    Learning Outcomes

       Prepare basic financial statements

    ​Explain the context and purpose of financial reporting

    Demonstrate the use of double entry and accounting systems​

    ​Record transactions and events

    ​Prepare a trial balance

  • Introduction to Management Accounting (ACFI102)
    Level1
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims

    The aim of this module is to introduce students to the nature and purpose of management accounting and to establish a sound foundation in its fundamental techniques.

    Learning Outcomes

    ​Understand, interpret and analyse management accounting information, and demonstrate an awareness of the importance of non-financial factors;

    ​Evaluate the usefulness of various techniques in different situations and for different purposes.

  • Introduction to Finance (ACFI103)
    Level1
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims
  • to introduce the students to finance.

  • to provide a firm foundation for the students to build on later on in the second and third years of their programmes, by covering basic logical and rational analytical tools that underpin financial decisions

     

  • Learning Outcomes

    Understand the goals and governance of the firm, how financial markets work and appreciate the importance of finance.


    ​ Understand the time value of money

    ​Understandthe determinants of bond yields

    ​Recognizehow stock prices depend on future dividends and value stock prices

    ​Understandnet present value rule and other criteria used to make investment decisions

    ​Understand risk, return and the opportunity cost of capital

    ​Understandthe risk-return tradeoff, and know the various ways in which capital can beraised and determine a firm''s overall cost of capital

    ​Knowdifferent types of options, and understand how options are priced

  • Quantitative Methods for Accounting and Finance (ACFI111)
    Level1
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting85:15
    AimsThe module aims to provide an introduction to quantitative methods that will assist students in establishing basic mathematical, quantitative and statistical skills for the study of accounting and finance.
    Learning Outcomes
    demonstrate a basic understanding of mathematical tools and thier applications to accounting, finance and economics

    ​understand the fundamental concepts of statistics and probability

    ​understand basic principles of random sampling, the nature of sampling error and the need for estimation

    ​explain the rules of hypothesis testing

    ​explain the relation between two random variables using correlation and regression analyses

  • Information Systems for Accountants (ACFI116)
    Level1
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting0:100
    Aims
  • To build on the book-keeping techniques used in ACFI101 and apply them using computerised financial accounting software

  • ​To develop an approach for financial modelling using Microsoft Excel and apply this approach by constructing models that can be used for financial analysis and decision-making.

  • Learning Outcomes

    ​Process all types of standard business transactions and adjustments through commonly-used financial accounting software (Sage 50 Accounts)

    ​Produce reliable information from Sage using standard reports and design suitable non-standard reports

    ​Design, build and test spreadsheet models, suitable for use by third parties, that aid planning and decision-making

    ​Make a formal presentation of a financial model to a specified audience

  • Business and Management (ACFI151)
    Level1
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting30:70
    Aims

    ​The module aims to provide students with an understanding of how businesses operate within a changing business environment.

    Learning Outcomes

    Understand and assess the business environment

    Specify the nature and characteristics of different forms of business ownership

    Identify how organisations are managed in terms of organisation and operations ​

    Understand the role and importance of human resources to business success ​

    Identify the changing role of marketing to satisfy customer needs ​

    ​Appreciate how finance and investment allows businesses to grow

  • Economic Principles for Business and Markets (ECON127)
    Level1
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting80:20
    Aims
    1. To enable students to demonstrate an understanding of the core principles of microeconomics including:

      • The dynamic nature of supply and demand
      • The efficient opperation of markets and when they fail
      • How firms reach output decisions, interact and attain levels of profit under different market conditions
    2. ​To enable students to demonstrate an understanding of the core principles of macroeconomics including:

      • The aggregation of demand and supply in the economy to measure an economy''s output;
      • The business cycle and behaviour and interaction of the big macroeconomic indicators: Growth; Unemployment; Inflation; Balance of payments & Exchange rates;
    3. To enable students to demonstrate an understanding of the global economic environment

    4. ​To enable students to understand the impact of modern economics on day-to-day business operations

    Learning OutcomesAn understanding of the central economic problem (scarcity) and the nature of economics;

    ​An understanding of how the market price of goods and services is determined by supply and demand and how markets respond to changes in circumstances, measures of responsiveness and price control;

    ​An understanding of how firms’ costs of production and revenue are considered to find points of profit maximisation;

     

    ​An understanding of different Market environments – Specified by degree of competition in industries (perfect competition, monopoly, monopolistic competition, oligopoly); as well as strategic interactions arising such as game theory and price discrimination;

    ​An understanding of why markets fail to achieve social efficiency;

    ​An understanding of the theory of the whole economy 1 (macroeconomic objectives; the national income);

    An understanding of the theory of the whole economy 2 (aggregate supply and demand, short-term fluctuations, economic growth); ​An understanding of the global economy, the gains from international trade as well as the arguments for restricting trade.
  • Skills for the Professional Accountant (ACFI115)
    Level1
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting0:100
    Aims

    The module aims to provide students with an understanding of some of the skills required of the professional accountant in the current business environment, and the opportunity to acquire and apply those skills.

    Learning Outcomesunderstand the importance of written and verbal communication from personal and business perspectives

    ​experience working with others and how to develop effective relationships

    build confidence in being able to present in front of others

    ​develop ways to work more effectively to improve organisational and planning skills

    ​understand and appreciate the value of entrepreneurship

    ​understand the importance of lifelong learning

    ​learn to be positive when working with others

    ​gain an awareness of the commercial issues facing organisations

  • Placement Preparation Module (ULMS170)
    Level1
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting0:100
    Aims

    This module aims to prepare students for a year in industry by providing them with the skills required to secure a work placement and to gain the most from their placement experience.

    Learning OutcomesCritically reflect on and evaluate their skills in relation to prospective employers’ requirements and identify their development needs;

      ​Research career opportunities relevant to their degree specialism in relation to their own career aspirations using a range of media and approaches;

      ​ Analyse a given work environment (organisation/sector in an economics context) using a range of theoretical perspectives;

      ​Demonstrate effective oral and written communication skills appropriate to a role within an economics and business context;

      ​Produce timely and effective applications

Programme Year Two

Students build on the foundations laid in the first year and extend their knowledge of Accounting by studying topics in the three core areas of the subject, financial accounting, management accounting and finance. In the first semester, students take ULMS270, a careers-oriented module which prepares students for their year in industry.

Year Two Compulsory Modules

  • Financial Reporting 1 (ACFI201)
    Level2
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting100:0
    Aims
  • To enable candidates to prepare single entity financial statements, and extracts from those financial statements,covering a wide range of International Financial Reporting Standards (IFRS)
  • ​Candidates will also be expected to explain accounting and reporting concepts and ethical issues, and the application of specified IFRS to specified single entity.

  • Learning Outcomesdraw up a set of financial statements which comply with the major provisions of IAS1 and other key International Accounting Standards;

    understand and apply key international accounting standard regulations with respect to presentation, disclosure, recognition and measurement for individual company financial statements​;

    ​assess the concepts underlying financial reporting through a knowledge of the IASBs Conceptual Framework.

  • Accounting Theory (ACFI202)
    Level2
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting70:30
    AimsThis module aims to increase students'' knowledge of the theory of accounting and its relevance to the study of accounting practice. The module develops knowledge of Year 1 accounting modules and complements the material covered in the second year module Financial Reporting. In addition some of the theoretical material covered in Accounting Theory will provide links to modules in Management Accounting.  More specifically, the aim of Accounting Theory is to examine the market for accounting information; processes and effects of regulating financial reporting; the incentives, which drive managers’ choices of alternative accounting policies; capital markets’ response to accounting information; explore the critical perspectives of accounting and consider selected issues in financial reporting.
    Learning Outcomes

    ​should possess knowledge of a range of theoretical models which are useful in understanding and explaining current accounting practices and regulation. 

    ​should be aware of the literature relating to theoretical models in accounting and be able to use theory to understand and evaluate the regulatory institutions of financial reporting in the UK and other countries

    should be able to understand the regulations applied to financial reporting in the UK and other countries

    ​should be to able understand the incentives driving managers in their choice of accounting policies within accounting regulations

    ​should be able to make links between financial reporting and other aspects of accounting.

    ​should be able to understand capital markets'' reaction to accounting information

    ​should be able to understand and explore the critical perspectives of accounting

  • Management Accounting (ACFI203)
    Level2
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims

    The aim of the module is to build on the basic management accounting methods seen in the first year through coverage of a range of further techniques that aid costing, decision-making, planning and control. Themes relating to the impact of internal accounting systems on managerial motivation and incentives will also be introduced.

    Learning Outcomes

    ​Analyse and evaluate information such that suitable recommendations to management may be made, showing an awareness of financial and non-financial factors.

    ​Demonstrate an awareness of the behavioural impact of management accounting systems in terms of motivation and incentives.

  • Financial Management (ACFI204)
    Level2
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting100:0
    Aims

    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.

    Learning OutcomesFacilitate understanding of the main themes of modern financial management

      ​Equip students with the tools and techniques of financial management

      ​Enable students to interpret and critically examine financial management issues and controversies

      ​Provide the necessary knowledge to allow students to progress to studying Business Finance in the third year

  • Audit and Assurance (ACFI210)
    Level2
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting100:0
    Aims
    To examine the regulatory framework within which the statutory audit in the UK operates
  • ​To cover key elements of International Standards on Auditing with respect to planning, control, evidence and reporting

  • ​To understand the nature and purpose of the assurance process

  • ​To understand the fundamental principles of ethics in the context of audit and assurance

  • Learning Outcomesexplain the concept of assurance, why assurance is required and the reasons for assurance engagements being carried out by appropriately qualified professionals

    explain the nature of internal controls and why they are important, document an organisation’s internal controls and identify weaknesses in internal control systems

    select sufficient and appropriate methods of obtaining assurance evidence and recognise when conclusions can be drawn from evidence obtained or where issues need to be referred to a senior colleague

    understand the importance of ethical behaviour to a professional and explain issues relating to integrity, objectivity, conflicts of interest, conflicts of loyalty, confidentiality and independence.

  • Business Law (ACFI211)
    Level2
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting75:25
    AimsTo provide students with a foundation in legal institutions in Englishlaw as well as a general, non-specialist introduction to areas of English lawthat is particularly pertinent and relevant to accounting and finance.

    The student will gain a general knowledge of how the English legalsystem has evolved and will be introduced to key elements of English lawincluding: basic contract law; agency law; the tort of negligence; and, dataprotection. We will go on to study a number of different aspects of companylaw, including formation, administration, regulation, loan and capitalfinancing. In addition we will consider insolvency and the criminal law as itrelates to companies, including fraud, money-laundering and whistle-blowing

    Learning OutcomesIdentify the essential sources of English law.

    ​Understand what constitutes a contract and what happens when one party fails to complete his or her part of the contract; the legal principles relevant to where an agent acts on behalf of a principal; negligence and its relevance in the giving of professional advice.

    ​Explain and apply the law employment relationships, including the consequences of an employee being dismissed or made redundant.

    ​Distinguish between alternative forms and constitutions of business organizations, including companies, partnerships, limited liability partnerships.

    ​Describe and explain how companies are formed, managed, administered and regulated.

    Recognise the legal implications relating to companies in difficulty or in crisis. This will include an understanding of insolvency law, as well as areas of criminal law, including money laundering, fraud, whistle blowing, and the regulation of personal data.

  • Tax Compliance (ACFI212)
    Level2
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting75:25
    Aims
  • To enable students to understand, prepare and explain UK tax computations for individuals, companies and trustees including income tax, corporation tax, capital gains tax, VAT, inheritance tax, national insurance and stamp duty
  • To provide an understanding of the ethical issues arising from performing in the context of taxation ​

  • Learning Outcomes

    ​recognise the ethical issues arising in the course of performing tax work and identify the obligations the UK system of tax imposes on taxpayers and the implications for taxpayers of non-compliance

    ​calculate the capital gains tax payable by individuals and trustees

    calculate the amounts of income tax owed by or owed to individuals and trustees

    calculate the amounts of inheritance tax due on lifetime transfers and transfers on death by individuals, personal representatives and trustees

    calculate the amounts of national insurance payable by individuals, businesses and companies ​

    ​calculate the corporation tax liabilities of companies

    calculate the amount of VAT owed by, or owed to, businesses​

    ​calculate the amount of stamp taxes due in straightforward transactions.

  • Ulms Placement Year (ULMS299)
    Level2
    Credit level120
    SemesterWhole Session
    Exam:Coursework weighting0:100
    Aims
  • Providestudents with the knowledge, skills, business awareness and confidence thatwill enable them to succeed in the wider business world.

  • Providestudents with exposure to current management theory and practice in theprivate, public, large business and small business sectors.

  • Give students the opportunities to learn andpractice a range of intellectual, interpersonal and technical skills which arerelevant to business management​

  • Encourage creative thinking and provide studentswith the skills to adapt and respond positively to changing circumstances​

  • Heighten student’s ability to critique existingmanagement wisdom from a variety of perspectives​

  • Provide an understanding of the work basedexperience, for example: company management and organisational structure;competition and strategy; marketing and product portfolio; human resourcemanagement practices​

  • Enhance academic learning in the final year ofstudy​

  • Support students in their continuingprofessional development​

  • Learning Outcomes

      Students will gain experienceof a work-based environment, leading to an understanding of the obligations andduties that bind the staff in an organisation.

    Students will develop anunderstanding of the company in which the placement is completed, including itsorganisation, product portfolio and key competitors.

    Students will develop theability to link business theory to business practice, showing how theory caninform practice and how it has affected the student’s development throughoutthe placement.

        Students will develop project management skills, an ability to identify a detailed list of tasks,their timing and their duration, milestones in the project, and the developmentof contingencies for when things go wrong.

    Students will develop team-working and interpersonal skills. 

        Students will develop problem-solving and analytical skills, by applying the transferable skills thestudent has developed in their first two years at university to tasks facedthroughout the placement.

        Students will develop decision-making skills, showing how they can identify key criterion in adecision, balance the various criterion, and come to a practical plan of action.

    ​Students will develop presentation skills, showing how they can effectively communicate decisions,actions, and ideas to staff throughout the organisational structure.

    ​Students will develop time management skills.

Year Two Optional Modules

  • Management Economics 1 (ECON233)
    Level2
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting70:30
    Aims

    The module provides an introduction to the rational decision-making process used to make business decisions. It introduces the students to the quantitative and analytical tools that managers use to make complex decisions.

    Learning Outcomes

    Management Economics as a pluralistic disciplinewith particular emphasis on Demand Theory.

    Use of computer packages using Regressiontechniques, to estimate demand.

    Elementary forecasting techniques.

     

    Decision-making under risk and uncertainty

     

    Sequential decision-making

  • Theory of the Firm (ECON254)
    Level2
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting70:30
    Aims

    To equip students with the knowledge and skills necessary to understand and evaluate the internal and external factors that influence the strategic decisions made by business organisations. The module will support the analysis of the operation of business organisations within national and international markets.

    Learning OutcomesApply the tools and concepts of microeconomics toanalyse the behaviour of firms

     

    Explain how market structure influences thebehaviour of firms and the levels of profit they can achieve

    Explain and evaluate the growth strategies used byfirms ​ Explain and evaluate alternative theories of firmbehaviour

    ​Explain theinfluence of internal organisation on firm behaviour and performance.

  • Business Ethics S2 (PHIL270)
    Level2
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting0:100
    Aims
    1. ​To introduce and explain major contemporary perspectives on corporate behaviours.
    2. ​To introduce moral perspectives as they relate to managerial decision making and corporate structures.
    3. To make students familiar with a range of recurrent ethical problems arising in business.

    4. To improve students'' skills in identifying and analyzing ethical issues that managers and employees face.
    5. To give students practice in formulating, defending, and planning the implementation of action plans managing ethical dilemmas.  
    Learning Outcomes​​Students will be able to discuss the main theories concerning the place of ethics in business.
    ​​Students will be able to state the broad principles of, and discuss the strengths and weaknesses of,basic moral theories, such as consequentialism​​Students will be able to state and discuss the broad ethical principles concerning costs and benefits, the challenge posed by uncertainty, professional roles, profits and the right of shareholder interests, and affirmative action.
    ​​Students will be able to state and discuss the broad ethical principles concerning the obligations of complex organizations with respect to loyalty and whistle-blowing, insider information, customer responsibility, and corporate responsibility.

    ​Students will be able to state and discuss the broad ethical principles concerning social justice and executive compensation.

    Students will be able to consider an ethical approach as a basis for sustainable marketing.
  • Entrepreneurship (ULMS252)
    Level2
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting0:100
    Aims

    The aims of the module are to:

    • provide experience of the nature of entrepreneurship
    • outline the role of entrepreneurship for the individual, enterprise and community      
    • provide knowledge of emerging issues in the entrepreneurial environment
    • demonstrate why innovation is key to differentiating small business start-ups
    • embed ethics in business as fundamental to a fairer entrepreneurial future
    • encourage an entrepreneurial identity in both self-employment and employee activities 
    Learning Outcomes

    Students will be able to develop the competences associated with entrepreneurship.

    ​Students will be able todevelop an appreciation of thedevelop an appreciation of thenumerous forms of entrepreneurship.

    Students will be able to develop skills in recognising opportunities and maximising their potential.

    Students will be able to demonstrate the link between entrepreneurship, innovation and business creation.

    Students will be able to appreciate the necessity of ethical business operations in entrepreneurship.

    ​Students will be able to understand how social value is an important aspect of entrepreneurship

  • Diversity Management (ULMS226)
    Level2
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting0:100
    Aims

    ​This module aims to provide students with theopportunity to develop their understanding and critical awareness of issuesassociated with managing a workforce characterised by diversity in gender, age,ethnicity, disability, religion and sexual orientation etc. It will enablestudents to become familiar with: the drivers of increased workforce diversity;the theories underlying discrimination in organisations; current equalitylegislation; barriers to equality of opportunity in the workplace for minoritygroups; and organisational policies and practices for managing diversity in theworkplace. Students will also have to opportunity to reflect on how their owndiversity might influence their interactions with other individuals at work.

    Learning Outcomes

    ​ Students will be able to demonstrate knowledge/understanding of the terms “equality”, “diversity” and “inclusion” in an organisational and international context.

    ​Students will be able to demonstrate knowledge/understanding of the social equity case and the business benefits case for managing diversity in the workplace.

    ​Students will be able to demonstrate knowledge/understanding of the legal framework for managing diversity in organisations.

    ​Students will be able to demonstrate knowledge/understanding of the issues related to gender, age, ethnicity, disability, religion and belief, and sexual orientation in the workplace.

    ​Students will be able to demonstrate knowledge/understanding of the organisational strategies used to develop the effective management of diversity

    ​Students will be able to reflect on their own diversity in terms of the topics covered on the module and demonstrate how this might influence their interactions with others.

Programme Year Three

The third year of the programme is spent on placement. Students will complete a year-long graduate-level placement, which will provide them with valuable work experience and an opportunity to further enhance the skills and attributes sought after by top employers. Students may apply for UK-based placements, or seek overseas placements or a role at Suzhou Business Park, China.  Students will be visited at least twice by University staff whilst on placement and will complete placement-related assessments in May. 

Year Three Compulsory Modules

  • Ulms Placement Year (ULMS299)
    Level2
    Credit level120
    SemesterWhole Session
    Exam:Coursework weighting0:100
    Aims
  • Providestudents with the knowledge, skills, business awareness and confidence thatwill enable them to succeed in the wider business world.

  • Providestudents with exposure to current management theory and practice in theprivate, public, large business and small business sectors.

  • Give students the opportunities to learn andpractice a range of intellectual, interpersonal and technical skills which arerelevant to business management​

  • Encourage creative thinking and provide studentswith the skills to adapt and respond positively to changing circumstances​

  • Heighten student’s ability to critique existingmanagement wisdom from a variety of perspectives​

  • Provide an understanding of the work basedexperience, for example: company management and organisational structure;competition and strategy; marketing and product portfolio; human resourcemanagement practices​

  • Enhance academic learning in the final year ofstudy​

  • Support students in their continuingprofessional development​

  • Learning Outcomes

      Students will gain experienceof a work-based environment, leading to an understanding of the obligations andduties that bind the staff in an organisation.

    Students will develop anunderstanding of the company in which the placement is completed, including itsorganisation, product portfolio and key competitors.

    Students will develop theability to link business theory to business practice, showing how theory caninform practice and how it has affected the student’s development throughoutthe placement.

        Students will develop project management skills, an ability to identify a detailed list of tasks,their timing and their duration, milestones in the project, and the developmentof contingencies for when things go wrong.

    Students will develop team-working and interpersonal skills. 

        Students will develop problem-solving and analytical skills, by applying the transferable skills thestudent has developed in their first two years at university to tasks facedthroughout the placement.

        Students will develop decision-making skills, showing how they can identify key criterion in adecision, balance the various criterion, and come to a practical plan of action.

    ​Students will develop presentation skills, showing how they can effectively communicate decisions,actions, and ideas to staff throughout the organisational structure.

    ​Students will develop time management skills.

Programme Year Four

The core areas of Accounting and Finance are further developed and students are increasingly exposed to both the research literature in Accounting and Finance and to the practical applications of what they are learning.

Year Four Compulsory Modules

  • Advanced Auditing (ACFI301)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims

    To developan understanding of the critical aspects of managing an assurance engagement(including audit engagements): acceptance, planning, managing, concluding andreporting.


    Learning Outcomesunderstand and advise on the regulatory,professional and ethical issues relevant to those carrying out an assurance engagement

    ​understandthe processes involved in accepting and managing assurance engagements

    understand how quality assurance  processes mitigate risks


    ​planassurance engagements in accordance with the terms of the engagements andappropriate standards

    concludeand report on assurance engagements in accordance with the terms of theengagements and appropriate standards

  • Corporate Reporting and Analysis (ACFI302)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting70:30
    Aims
  • This module aims to develop students understanding of financial reporting to an advanced level by building upon the knowledge and skills gained in earlier financial reporting modules.  Complex IFRS on topics such as share based payments and deferred tax will be looked at.

  • ​This module also aims to develop students consolidated accounting skills by looking at complex business combinations.

  • ​This module also aims to develop an understanding of financial statement analysis using financial reporting and business strategy skills developed in this and earlier modules.

  • This module aims to give students an appreciation of the ethical and professional issues an accountant may face in practice and develop an understanding of how to deal with those issues.​

  • Learning Outcomes​Students will be able to prepare and evaluate single company financial statements, or extracts thereof, in accordance with IFRS for complex transactions. Students will be able to account for complex business combinations in accordance with International Accounting Standards.Students will be able to analyse and interpret financial statements and other financial information and draw appropriate conclusions.

    ​Students will learn to appraise ethical, CSR and professional issues for an accountant undertaking work in corporate reporting and recommend courses of action.

  • Advanced Management Accounting (ACFI303)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting70:30
    Aims

    The module aims to increase students'' knowledge of the theory and practice of management accounting and to build on study of this topic in earlier years, especially to extend and complement the material covered in the second year Management Accounting (ACFI 203). An important part of the module is reviewing of the various theoretical approaches which have been adopted or proposed for the development of management accounting and management decision-making.  Also, detailed materials on the practice of management accounting will be provided and explored in lectures and workshops.  The module thus presents management accounting in a broad context of organisational management and control.  The module is also based on the notion that the primary aim of a business organisation is to identify and pursue a successful long-term competitive strategy. Keeping in mind this notion the module explores the links between management accounting practices and business strategy.

    Learning Outcomes

    ·  Understand, analyse and evaluate issuesin theory and practice in management accounting;


    ​·    Examine the factors that influence thedesign of organisations and their management accounting control systems;

    ​·  Evaluate the different approaches toplanning and performance measurement;

    ​·     Identify the important behavioural,ethical and social responsibility issues associated with management accountingcontrol systems;

    ·        Critically evaluate ''traditional''management accounting controls and assess possible future developments.

  • Business Finance (ACFI304)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting80:20
    Aims

    To provide students with a fundamental understanding of the core theoretical and empirical aspects involved in corporate finance. The courses aim at building transferrable skills of students by concentrating on the fundamental theoretical and empirical principles.

    Learning Outcomes

    Understand the principles of bonds and stocks valuation.


    ​Assessment of the term structure of interest rates

    ​Develop understanding of emperical and theoretical aspects of capital budgeting under uncertainty, market efficiency

    ​Understand portfolio theory, asset pricing models (CAPM,APT), and portfolio management.

    ​Develop understanding of issues involved in Capital Structure and Dividend policy .

    ​Understand the principles and practices involved in leasing, mergers and acquisitions

    ​Understand the functions and valuation principle of options, futures, warrants and convertibles.

  • Financial Reporting 2 (ACFI309)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting100:0
    Aims

    This module is designed to build upon the knowledge and skills gained in earlier financial reporting modules by covering the preparation of group financial statements including associates and joint ventures.  It will also develop an understanding of group accounting principles and issues arising from group accounting including fair values, intangibles and impairment.

    The module also addresses other key accounting standards including those relating to leases, borrowing costs and related parties.

    The module should enable students to prepare complete single entity and consolidated financial statements, and extracts from those financial statements, covering a wide range of International Financial Reporting Standards (IFRS)

    Students will also be required to explain accounting and reporting concepts and ethical issues, and the application of IFRS to specified single entity or group scenarios

    Learning Outcomesexplain the contribution and inherent limitations of financial statements, apply the International Accounting Standards Board’s (IASB) conceptual framework for financial reporting and identify and explain key ethical issues


          

    ​prepare and present financial statements from accounting data for single entities, whether organised in corporate or in other forms, in conformity with IFRS and explain the application of IFRS to specified single entity scenarios

    ​identify the circumstances in which entities are required to present consolidated financial statements, prepare and present them in conformity with IFRS and explain the application of IFRS to specified group scenarios.

  • Business Strategy (ACFI312)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting100:0
    Aims

    The module aims to provide students with an understanding of how businesses develop and implement strategy.

    Learning Outcomesidentify and analyse the consequences of a business’s current objectives, market position and direction.

      ​ evaluate the likely consequences of strategic choices and recommend strategies to meet the objectives of a business

      ​recommend appropriate methods of implementing and monitoring strategies

Year Four Optional Modules

  • Derivative Securities (ACFI310)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims

    This courseprovides an introduction to derivative securities.  Alternative derivative securities likeForwards, Futures, Options, and Exotic Derivative Contracts will bediscussed.  This incorporates detailingthe properties of these securities. Furthermore, a key aim is to outline how these assets are valued.  Also the course demonstrates the use ofderivatives in arbitrage, hedging and speculation. Finally, practicalapplications of derivatives and potential pitfalls are discussed.

     

    The class is runas a discussion based forum and students are expected to read all necessarymaterials prior to each session.

     

    Learning Outcomes

     Describe the principles of option pricing.

    Compare and contrast alternative fair valuation techniques for pricing derivative instruments.

    ​Explain the biases in option pricing models.

    ​Apply an appropriate pricing model to a variety of contingent claim securities.

    Recognize the trading strategy appropriate to expected future market conditions.

    Derive and apply evolving models of derivative options to effectively manage risk transfer and assess their behaviour in the face of volatile financial and economic conditions.

  • Behavioural Finance (ACFI311)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims
  • Provide students with knowledge and understanding of theoretical and empirical limitations of and challenges to the efficient markets hypothesis
    • ​Present the psychological foundations of Behavioural Finance and how they impact upon investors’ rationality and arbitrage

    • ​Provide the opportunity for students to critically evaluate behaviourally induced market puzzles

    • ​Present key behavioural trading patterns from a theoretical perspective and outline their empirical design

  • Learning Outcomes

    ​Possess a good command of the key theoretical and empirical literature in behavioural finance

    ​Have practiced skills of problem-solving and critical thinking

    ​Be familiar with the main implications (theoretical and empirical) of Behavioural Finance findings

    ​Construct and present critical evaluations of key academic papers in Behavioural Finance

    Development of key skills in terms of writtencommunication (e.g. by completing formative class questions and assignment;through a summative assignment and examination)​

    Developmentof key skills in oral presentation (e.g. through group work)

    ​Development of key skills in terms of classparticipation

    ​Development of key skills in terms of planning &time-management (e.g. preparing for classes; observing assignment deadlines),problem-solving, critical thinking & analysis, numeracy (e.g. by applyingtheir extant quantitative knowledge in understanding behavioural financeissues) and initiative (e.g. searching relevant literature and information inpreparation of seminars and summative assignment)

  • Corporate Governance (ACFI320)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting50:50
    Aims
  • The module aims to provide students with an understanding of the history and development of corporate governance and the key principles and systems that underpin corporate governance today.

  • ​It also provides the opportunity to assess the practical application of corporate governance systems across major international organisations.

  • Learning Outcomes

    ​understand the key principles within corporate governance frameworks, with specific reference to the UK Corporate Governance Code;

    ​be able to critically analyse and discuss the corporate governance arrangements for several types of organisation.

  • Capital Markets (ACFI321)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting70:30
    Aims

    Capital Markets provides a comprehensive introduction to the workings of modern financial systems, the efficiency of money markets and the role of investment bankers, illustrating how they impact our financial system. By drawing on numerous theoretical and practical examples from real-world case studies, this module aims at introducing the basic concepts of the banking, finance, investment, business studies, economics and financial service sector to the third year undergraduate students.

    Learning Outcomes

    Traditional capital markets might be described simply as the meeting place where providers and users of capital interact through the medium of money or its proxies.  Today’s capital markets in Europe and America continue with the above basic function and have become increasingly more sophisticated to serve the needs of an array of specialized investment  sources including private equity funds, hedge funds, sovereign wealth funds.  Meeting these specialized needs has entailed the rapid development of new financial products and resulted in highly-rewarding new roles for finance industry professionals.  To aid in the analysis and sale of these new products, computers handle vast databases of market data while accompanying analytics support decision-making in a financial world approaching information overload.  

    The course objective is to present the current capital markets with a blend of the theoretical with the practical.  Our examination will extend beyond the traditional financial products, equity and debt instruments, to recent innovations. Until the summer of 2007, capital markets had experienced spectacular growth via a proliferation of new products.  In keeping with classic economic theory, the investment rewards of products such as securitization were inevitably accompanied by risks as recent events brought to light.  New products like asset-backed securities and Electronic Traded Funds will be reviewed and identified by investor profile and investment rationale.  

    The context in which our course develops will be the dramatic events unfolding from mid-2007 to the present.  The conceptual bases and investment metrics employed by market participants will be examined in depth.  Theories of risk v. return and those for interest rates will be reviewed.  Data sources, key market indexes and investment performance measures will be identified.  The common analytical techniques will be discussed along with the role of equity analysts and also that of major credit rating agencies. 

  • Critical Perspectives in Management (ULMS366)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting40:60
    Aims

    A primary aim of the module is to invite students to consider the consequences of traditional orthodox management theory and practice for people in organizations (including managers) and society at large, and to examine the extent to which critical theory can inform more humanist approaches to management thinking. It aims in particular:
    • To provide students with a sound understanding of a variety of critical
    perspectives on management, and their relation to society
    • Provide students with the theoretical tools necessary for the critical analysis of the process of management from sociological and philosophical perspectives
    • To explore the extent to which critical theory can contribute to the
    development of progressive, alternative and future-oriented management thinking.
    • To support the enhancement of skills in critical analysis, critical reflection, and written and spoken communication.

    Learning OutcomesA critical understanding of the theories, concepts and empirical work that
    constitute the field of critical management studies

    ​A critical awareness of the multi-disciplinary aspects of management and the
    ability to critically analyse the activities of contemporary organizations

    ​The ability to develop critical questions about organizations and the tools to
    carry out appropriate critical inquiry to pursue their resolution.

    The ability to evaluate corporate activities with regard to their potential
    consequences for issues that are important from critical perspectives (such as
    equality, control, exploitation, and resistance)​

    ​The ability to craft and communicate arguments from different critical
    perspectives

    ​The ability to critically reflect on their own learning and envisage their future
    management practice critically

  • The Football Business (ULMS370)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting75:25
    Aims
  • ​​to enhance students’ understanding and knowledge of the key issues surrounding the contemporary football business and associated industries;
  • to encourage students to apply their knowledge of economics, business and management to the football industry.

  • Learning Outcomes

    Students will develop their knowledge and understanding of the key issues surrounding the contemporary football business and associated industries;

    Students will demonstrate an ability to apply business and management concepts to the football industry;

    Students will develop their abilities to analyse critically, synthesise ideas and write reports and opinions.

  • Advanced Entrepreneurship (ULMS360)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting0:100
    Aims

    This module is aims to develop an ability to develop entrepreneurial ideas and to turn them into a concrete business plan. It aims to support those students who are considering a career in business support and consultancy and at developing entrepreneurship and small firms.  

    Learning Outcomes

    Effectively use a computer-based simulation (Simventure) in order to actively run a "virtual" start-up firm and experience the different elements as well as challenges involved in trying to grow a small business.

    ​Work independently and within a small group in order to effectively organise and cooperate to complete the range of tasks required to transform an entrepreneurial idea into a business plan

    ​Carry out in-depth research and analysis on the different elements required to draft a detailed business plan (including sales and marketing; organisation; operations; finance; and overall strategy) which is realistic and comprehensive

    ​Synthesise the main elements of the business plan into a professional presentation with the aim of attracting financial support for the start up idea from a range of potential investors

    ​Recognise and reflect on the key skills and attributes required in order to develop a coherent business plan as well as the challenges involved in trying to develop a real start up

  • Financial Risk Management (ACFI342)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims

    The module builds on the foundations of the existing finance modules and aims to give students a solid grounding in terms of understanding the recent global financial crisis and a wide range of risk management tools available to financial managers. Particular emphasis is placed on the issue of risk measurement. The following types of risk will be analysed extensively:
    1. Interest rate risk
    2. Market risk
    3. Credit risk
    4. Liquidity risk
    5. Capital adequacy
    6. Sovereign risk

    The class is run as a discussion based forum.

    Learning Outcomes

    ​Students will be able to understand how risk management contributes to value creation

    ​​Students will be able to understand how the global market for credit operates

    ​Students will be able to explain the causes of the recent global credit crisis

    ​Students will be able to overview the risks facing a modern corporation

    ​Students will be able to analyse the effects of interest rate volatility on risk exposure

    ​Students will be able to examine market risk, which results when companies actively trade bonds, equities and other securities

    ​Students will be able to examine how credit risk adversely impacts a financial institution’s profits

    ​Students will be able to analyse the problems created by liquidity risk

    ​Students will be able to become familiar with the concept of capital adequacy and also with the Basel Accords

    ​Students will be able to examine several aspects of sovereign lending and the underlying risks

  • Football Financial Reporting, Analysis and Valuation (ACFI322)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting50:50
    Aims

    ​This module aims to give students to develop an understanding of how financial transactions have an impact on football clubs, and the integration of finance into the success or otherwise of clubs.

    The module will attract students with an interest in the sport and provide them with an insight into how financial metrics in relation to clubs can be produced, and the valuation techniques used by investors when buying and selling clubs.

    Learning Outcomes

    Students will be able to explain the contribution and inherent limitations of financial statements, apply the International Accounting Standards Board''s (IASB) conceptual framework for financial reporting in relation to incorporated football clubs.

    Students will be able to prepare and present financial statements from business transactions for football clubs in corporate forms, in conformity with International Financial Reporting Standards (IFRS) and explain the application of IFRS to specified scenarios.

    Students will be able to measure the value of a football club using appropriate valuation methods.

    ​Students will be able to understand and apply football financial fair play rules, and the ethical responsibilities of clubs in adhering to these rules. 

The programme detail and modules listed are illustrative only and subject to change.


Teaching and Learning

The principal forms of teaching are lectures and seminars. Lectures will normally be supported by material such as hand-outs and computer based presentations. Seminars give the opportunity for detailed discussion of a topic under the direction of a tutor.

You are normally expected to prepare work in advance for seminars and may be expected to present work or give presentations from time to time. On some modules, such as quantitative techniques and IT, seminars may take the form of practical sessions using computers.

All our degrees depend on you spending a good part of the week in private or group study in preparation for lectures and seminars. This involves making extensive use of the excellent library and IT facilities, just one minute’s walk away from the Management School.


Assessment

You will be assessed through a combination of coursework and examinations. The exact weighting will vary from one module to another. As well as individual assignments and exams, you may also be assessed on group reports and presentations.