Accounting and Finance

Awards

Target Award

Award Description:Bachelor of Science with Honours - BSH

Alternative Exit

Award Description:Diploma in Higher Education (SW) - SDHE

Award Learning Outcomes:Understand and apply both current financial accounting regulations and intermediate management accounting techniques. Comprehend and employ the core techniques used in finance. Understand the legal context of accounting and finance. Understand and apply IT software relevant in accounting/finance. Students will be entitled to a Diploma in Higher Education (SW) on the successful completion of a placement year or study abroad year.

Recruitable Target

Alternative Exit

Award Description:Certificate of Higher Education - CHE

Award Learning Outcomes:Apply the core techniques of both financial and management accounting. Understand the key principles of economics and its relevance to accounting and finance. Apply basic quantitative techniques that are relevant to accounting & finance. Appreciate the academic and professional skills related to accounting and finance.

Alternative Exit

Award Description:Bachelor of Science (SW) - SBS

Award Learning Outcomes:Demonstrate a broad and comparative knowledge of the general scope of the subject, its different areas and applications, and its interactions with related subjects. A detailed knowledge of a defined subject or a more limited coverage of a specialist area balanced by a wider range of study. In each case, specialised study will be informed by current developments in the subject. Demonstrate a critical understanding of the essential theories, principles and concepts of the subject(s) and of the ways in which these are developed through the main methods of enquiry in the subject. Students will be entitled to a BSc (SW) on the successful completion of a placement year or study abroad year.

Alternative Exit

Award Description:Bachelor of Science - BS

Accreditation

Association of Chartered Certified Accountants (ACCA)

Chartered Institute of Management Accountants (CIMA)

Chartered Institute of Public Finance and Accountancy (CIPFA)

Institute of Chartered Accountants in England and Wales (ICAEW)

Programme Offerings

Full-Time

F2F-JMU-SEP

Sandwich Year Out

F2F-JMU-SEP

Educational Aims of the Course

The specific aims of the Accounting and Finance degree programme are to enable the student to:

1. Undertake a rigorous study of the theories and techniques related to accounting and financial management.

2. Acquire and develop the practical skills that are essential within an accounting and financial environment.

3. Define a course of study in accounting, finance and related subject areas that reflects their particular interests.

4. Develop the personal and key skills that will improve their ability to work effectively on their own and within teams, and to be able to meet the challenges of working in a changing environment.

5. Prepare either for a career in accounting, finance and related business disciplines or for further relevant academic study.

6. Engage with the development of employability skills by completing a self-awareness statement.

Learning Outcomes

Explain the legal, social and economic environment underpinning the subject areas.

Apply basic and more complex accounting techniques in both financial and management accounting.

Apply the Regulatory Framework of Accounting to various situations.

Explain the theory underpinning accounting and finance.

Identify and use current research in technical and theoretical areas of accounting and finance.

Apply decision-making techniques in the corporate environment with regard to investment appraisal, risk management and financial structure.

Identify and apply decision making tools to review organisational performance.

Critically evaluate, analyse and interpret complex data.

Make decisions based on complex technical data.

10.

Develop rational and cogent arguments concerning complex accounting or financial situations.

11.

Critically assess accounting and finance theory and practice in the context of the social, economic and political environment.

12.

Through independent research, find and select appropriate information from a variety of sources.

13.

Apply specific IT software packages relevant for accounting and finance.

14.

Apply basic quantitative techniques and statistical analysis.

15.

Communicate effectively both orally and in writing, in manners appropriate to the target audience.

16.

Participate effectively in a group and make group presentations.

17.

Work independently.

18.

Manage time effectively, plan and prioritise work and meet deadlines.

Teaching, Learning and Assessment

Acquisition of knowledge is through lectures, workshops, seminars and online VLE content. Within workshops and seminars the use of individual exercises, group based work, case study work and IT based work is utilised. The use of online VLE content is used to further reinforce knowledge and understanding. Throughout the programme, students are encouraged to undertake independent reading both to supplement and consolidate what is being taught and to broaden their individual knowledge and understanding. The use of online VLE content is used to further reinforce knowledge and understanding and consolidate learning. Testing of the knowledge base is through a combination of unseen written examinations and assessed courseworks. There is a mix of courseworks across the programme which include: reports, portfolio, presentations, IT-based coursework and in-class tests. Throughout the programme teaching involves group discussions, case study work and scenario based work which are specifically designed to encourage students to think critically, to consider alternative points of view and to apply knowledge. Unseen written examinations and courseworks are designed to provide opportunities for students to demonstrate their intellectual skills. These assessments will also allow students to demonstrate their individual wider reading and research application. The acquisition of practical skills will be developed within individual modules via workshop, seminar and online VLE activities. Transferrable skills will be developed throughout the programme. The programme will provide students the opportunity to develop a range of skills and attributes appropriate for a career within accounting and finance. Transferrable skills will be assessed through a number of modules. The nature of the discipline will mean that students will have to deal with complex information within assessments. This information will often be numerical in nature with students applying the correct problem solving techniques to achieve the learning outcome. Oral presentations will also play an integral role across a number of modules. Formative assessment will be used to encourage students "to think on their feet" and evaluate performance. Summative assessments will further develop and enhance skills in research and IT application.

Opportunities for work related learning

Work-related learning (WRL) comprises four elements: 1. Learning about oneself 2. Learning and practising skills 3. Experiencing the world of work 4. Experiencing and learning how to manage oneself in a range of situations These are addressed within the programme by both the continuing development of graduate skills that are embedded within the programme, by campus-based WRL and by offering opportunities for off-campus WRL. The programme also delivers campus-based WRL through several modules. For example, at Level 4, 4103LBSAF Academic & Professional Awareness will expose students to skill development appropriate within accounting and finance and will provide students with opportunities to network with employers/professional accounting bodies. At Level 5 the 5103LBSAF Data Analysis for Accounting and Finance module will provide students with practical skills that are expected within the profession and the 5104LBSAF Developing Employability module provides students with opportunities to practice 'real-world' work related recruitment practice. At Level 6 module 6103LBSAF Contemporary Issues in Accounting and Finance will provide students with opportunities to identify and evaluate new and innovative topics within the industry and 6107LBSAF Financial Modelling and Valuation will provide students with the opportunity to prepare and present a pitch book. This is industry practice when advising client organisations. Students on the programme also have the opportunity to experience the world of work (off-campus WRL) via the Accounting and Finance Optional Sandwich Placement Year. Students who take the option of the placement year in a full-time job in industry for a minimum of 48 weeks in an accounting/finance role. They enter in to a learning agreement between themselves, their employer and LBS concerning their personal and professional skill development. Students complete regular learning logs which are assessed by both their LBS and workplace supervisors.

Programme Structure

Programme Structure Description

The programme is offered as a three-year full-time or four-year sandwich programme. The programme operates within the University Academic Framework and is divided into study units called modules. All modules on the programme from level 4 to level 6 have a credit value of 20 credits. Each 20 credit module … For more content click the Read More button below. A student studies for 120 credits in each academic year. 360 credits (three-year programme) or 480 credits (four-year sandwich programme), comprising of a year long industry placement or study year abroad, are needed for the award of BSc (Hons) Accounting and Finance. Students that take the four-year sandwich (comprising of a year long industry placement) will be expected to complete 5006LBSAF Placement Year module whilst on placement. Students that take the four year sandwich (comprising of a study year abroad) can take up this opportunity following their Level 5 study at LJMU. Students will be enrolled on a 480 credit programme. Of those 480 credits, 120 will be taken via a Level 5 study abroad module (5007LBSAF). The modules to be studied in the host institution must be agreed in advance. The grade for this module will be determined by the Faculty Recognition Panel upon receipt of a transcript from the host institution. The Level 5 mean for the final award mark will be calculated based upon the 240 credits at Level 5. Students can choose either the study year abroad or the year long industry placement. Alternative/Exit awards. If students achieve 300 credits with 120 credits at Level 4 and a further 180 credits at Level 5 and Level 6 of which at least 60 credits must be at Level 6, students can be awarded a Bachelor degree (BSc) as an alternative/exit award. If students achieve 420 credits with 120 credits at Level 4 and 300 credits at Level 5 and Level 6 including 120 credits of either placement year or study abroad, students can be awarded a Bachelor degree Sandwich (BSc S/W) as an alternative/exit award. 60 credits of the 300 credits must come from Level 6. If students achieve 240 credits (120 credits at Level 4 and Level 5) they can be awarded the Diploma of Higher Education (DipHE) as an alternative/exit award. Students that achieve 240 credits plus the completion of a year long industry placement or study year abroad can be awarded the Diploma of Higher Education Sandwich (DipHE S/W). Students that achieve 120 credits at credits at Level 4 can be awarded the Certificate of Higher Education (CertHE) as an alternative/exit award. This programme structure applies to students starting the programme from September 2022 onwards. The programmes previously validated programme rules apply to existing students.

The programme is offered as a three-year full-time or four-year sandwich programme.

The programme operates within the University Academic Framework and is divided into study units called modules. All modules on the programme from level 4 to level 6 have a credit value of 20 credits. Each 20 credit module represents 200 hours of student learning, study, revision and assessment. A 20 credit module would attract class contact hours in the range of 20-50 hours depending upon the nature of the subject being studied.

A student studies for 120 credits in each academic year. 360 credits (three-year programme) or 480 credits (four-year sandwich programme), comprising of a year long industry placement or study year abroad, are needed for the award of BSc (Hons) Accounting and Finance. Students that take the four-year sandwich (comprising of a year long industry placement) will be expected to complete 5006LBSAF Placement Year module whilst on placement.

Students that take the four year sandwich (comprising of a study year abroad) can take up this opportunity following their Level 5 study at LJMU. Students will be enrolled on a 480 credit programme. Of those 480 credits, 120 will be taken via a Level 5 study abroad module (5007LBSAF). The modules to be studied in the host institution must be agreed in advance. The grade for this module will be determined by the Faculty Recognition Panel upon receipt of a transcript from the host institution. The Level 5 mean for the final award mark will be calculated based upon the 240 credits at Level 5.

Students can choose either the study year abroad or the year long industry placement.

Alternative/Exit awards.

If students achieve 300 credits with 120 credits at Level 4 and a further 180 credits at Level 5 and Level 6 of which at least 60 credits must be at Level 6, students can be awarded a Bachelor degree (BSc) as an alternative/exit award. If students achieve 420 credits with 120 credits at Level 4 and 300 credits at Level 5 and Level 6 including 120 credits of either placement year or study abroad, students can be awarded a Bachelor degree Sandwich (BSc S/W) as an alternative/exit award. 60 credits of the 300 credits must come from Level 6.

If students achieve 240 credits (120 credits at Level 4 and Level 5) they can be awarded the Diploma of Higher Education (DipHE) as an alternative/exit award. Students that achieve 240 credits plus the completion of a year long industry placement or study year abroad can be awarded the Diploma of Higher Education Sandwich (DipHE S/W).

Students that achieve 120 credits at credits at Level 4 can be awarded the Certificate of Higher Education (CertHE) as an alternative/exit award. This programme structure applies to students starting the programme from September 2022 onwards. The programmes previously validated programme rules apply to existing students.

Structure

Level 4

Level 4 Core

Level 5

Level 5 Core

Level 5 Optional

Level 6

Level 6 Core

Level 6 Optional

Entry Requirements

A levels

Access awards

Alternative qualifications considered

Applicants with Accountancy qualifications will be considered as follows:

Association of Accounting Technicians (AAT): Holders of AAT NVQ/SVQ Level 3 Intermediate/ 'Advanced Certificate in Accounting' will be eligible for entry to Level 4 of the programme.

Holders of AAT NVQ/SVQ Level 4 Technician/'Diploma in Accounting' will be considered for 40 RPL credits against relevant Level 4 Accounting modules on the BSc (Hons) Accounting & Finance programme.

Chartered Institute of Management Accountants (CIMA): Holders of the CIMA Advanced Diploma (Managerial level complete; comprising 11 of the 15 CIMA professional exam papers (as of 2010-2011)) will be considered for direct entry to level 6 of the programme.

Association of Chartered Certified Accountants (ACCA):Applicants who have successfully completed the 'Skills' level (comprising 9 of the total of 14 ACCA professional exam papers (as of 2008-9)) will be considered for direct entry to level 6 of the programme. Applications are welcomed from mature and non-standard applicants, who will be considered on an individual basis. These applicants may be required to submit an essay and/or attend an interview, and should demonstrate potential and motivation and/or have relevant experience.

International applications will be considered in line with UK qualifications.

BTECs

GCSEs and equivalents

Grade 4 or grade C or above in English Language and Mathematics/ Numeracy.

GCSE Equivalences accepted:
• Key Skills Level 2 in English/Maths
• NVQ Level 2 Functional skills in Maths and English Writing and or Reading
• Skills for Life Level 2 in Numeracy/English
• Higher Diploma in Maths/English
• Northern Ireland Essential Skills Level 2 in Communication or Application of Number
• Wales Essential Skills Level 2 in Communication or Application of Number

IELTS

International Baccalaureate

Interview required

Irish awards

OCR Cambridge Technical

Reduced offer scheme

As part of LJMU’s commitment to widening access we offer eligible students entry to their chosen course at a reduced threshold between 8 and 16 UCAS points. This applies if you are a student who has experience of living in local authority care or if you have participated in one of LJMU’s sustained outreach programmes such as a summer university. Please contact course enquiries for further details.

Awards

Target Award

Alternative Exit

Alternative Exit

Recruitable Target

Alternative Exit

Alternative Exit

Alternative Exit

Accreditation

Association of Chartered Certified Accountants (ACCA)

Chartered Institute of Management Accountants (CIMA)

Chartered Institute of Public Finance and Accountancy (CIPFA)

Institute of Chartered Accountants in England and Wales (ICAEW)

Programme Offerings

Full-Time

F2F-JMU-SEP

Sandwich Year Out

F2F-JMU-SEP

Educational Aims of the Course

Learning Outcomes

Teaching, Learning and Assessment

Opportunities for work related learning

Programme Structure

Programme Structure Description

Structure

Level 4

Level 5

Level 6

Entry Requirements

A levels

Access awards

Alternative qualifications considered

BTECs

GCSEs and equivalents

IELTS

International Baccalaureate

Interview required

Irish awards

OCR Cambridge Technical

Reduced offer scheme

T levels

UCAS points

Extra Entry Requirements

HECoS Code(s)

(CAH17-01) business and management