Loughborough University
Leicestershire, UK
LE11 3TU
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Loughborough University

Programme Specifications

Programme Specification

BSc (Hons) Accounting and Financial Management (2012 entry)

Academic Year: 2013/14

This specification provides a concise summary of the main features of the programme and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if full advantage is taken of the learning opportunities that are provided.

This specification applies to delivery of the programme in the Academic Year indicated above. Prospective students reviewing this information for a later year of study should be aware that these details are subject to change as outlined in our Terms and Conditions of Study.

This specification should be read in conjunction with:

  • Summary
  • Aims
  • Learning outcomes
  • Structure
  • Progression & weighting

Programme summary

Awarding body/institution Loughborough University
Teaching institution (if different)
Owning school/department School of Business and Economics
Details of accreditation by a professional/statutory body

The programme is accredited by professional accounting bodies. Exemptions from some professional accounting examinations are available from: The Association of Chartered Certified Accountants (ACCA); The Chartered Institute of Management Accountants (CIMA), The Chartered Institute of Public Finance and Accountancy (CIPFA), The Institute of Chartered Accountants in England and Wales (ICAEW) and the Institute of Chartered Accountants of Scotland (ICAS).

In order to qualify for the professional institutes’ examination exemptions offered to graduates from this degree, candiates must achieve minimum module marks stipulated by these bodies which, in some cases, exceed the minimum marks required for progression and degree award.  Up to date information may be obtained from the relevant professional bodies.

Final award BSc / BSc + DIS/ BSc + DInts
Programme title Accounting and Financial Management
Programme code BSUB10
Length of programme The duration of the programmes is six semesters, plus one academic year, and has four streams. Candidates following the Placement Stream are required to spend the third academic year undertaking professional training leading to the Diploma in Professional Studies, in accordance with Senate Regulation XI. Candidates following the Study Abroad Stream or the Language Related Placement Stream are required to spend the third academic year at an approved academic institution. Candidates following the Split Stream are required to spend six months of the third academic year undertaking professional training, and the other half of the third academic year studying at an approved academic institution. The Study Abroad, the Language Related Placement and the Split Stream lead to the Diploma in International Studies (DIntS) in accordance with Senate Regulation XI. The third academic year (Part I) occurs between Part B and Part C.
UCAS code NN34
Admissions criteria

http://www.lboro.ac.uk/study/undergraduate/courses/departments/business-economics/accountingandfinancialmanagement/

 

Date at which the programme specification was published Wed, 10 Jul 2013 15:15:55 BST

1. Programme Aims

The Accounting, Finance and Management degree programme aims to produce high quality graduates with the knowledge, skills and understanding for an effective and valued career in the accounting and financial management professions or more general management situations

 

Within this general aim the programme specifically seeks to encourage students

 

  • To develop knowledge, concepts and skills in the major academic disciplines of business and management as a sound basis for practice, study and training in the graduate’s chosen profession. 
  • To develop a deep understanding in the areas of accounting and financial management by pursuing them over an extended period and in considerable depth. 
  • To develop the concepts, analytical approaches, evaluative thinking and numeracy skills necessary for management problem solving, including through individual experience on placement. 
  • To develop a positive attitude to change, a desire for excellence, a visionary and positive approach to future developments and an openness to new ideas.

 

Consequently the programme seeks

 

  • To provide a relevant, practical and constantly updated programme through close links with industry, professional firms and accounting bodies, through vocational experience in a professional placement and through accreditation by the major professional accounting bodies. 
  • To provide students with the opportunity to see ways in which theory can be applied in practice, both through taught content and through individual experience on professional placement. 
  • To allow students to examine critically and in depth the evolving nature and role of accounting and financial management theory and practice. 
  • To provide a range of optional subjects in accounting, financial management and other management disciplines to complement the core of the programme and to allow students to explore and develop their own interests and strengths. 
  • To develop teaching and learning in response to advances in scholarship and the needs of the business community. 
  • To enhance the employability of our graduates.

 

The School of Business and Economicsat Loughborough University is distinctive amongst 'traditional' university business schools in incorporating a third year spent on professional placement. This is an integral element of the programme and something which we believe is of particular benefit in achieving these aims.  It offers students on our Accounting and Financial Management degree additional and valuable opportunities to develop their knowledge, understanding and skills. 

2. Relevant subject benchmark statements and other external and internal reference points used to inform programme outcomes:

  • Accounting Subject Benchmark Statement
  • General Business and Management Benchmark Statement (B+M)
  • The Framework for Higher Education Qualifications
  • Requirements of the professional accounting bodies

3. Programme Learning Outcomes

3.1 Knowledge and Understanding

The programme provides opportunities for students to develop and demonstrate knowledge and understanding, qualities, skills and other attributes in the areas shown below. These intended learning outcomes are set in the context of the QAA subject benchmark statement for Accounting and those relating directly to this benchmark are marked (A) below.

On successful completion of this programme, students should be able to demonstrate knowledge and understanding of:

  • Foundational disciplines of management, including economics, business mathematics and statistics;
  • Business organisations in their technological, economic, fiscal, legal and political contexts;
  • The behaviour of people in organisations;
  • The processes of management and decision making;
  • Accounting and financial management in its major contexts, including the legal and social environments, the business entity and capital markets (A) and the integral nature of the accounting function in the successful management of organisations;
  • Current technical language, developments, methods, practices and issues in accounting and financial management;
  • Selected alternative techniques and practices in accounting and financial management (A);
  • Methods of recording and summarising economic events and preparation of financial statements (A);
  • Analytical tools for the effective financial management of  business operations (A);
  • Contemporary theories of accounting and financial management and their related research evidence (A);
  • The development, management and exploitation of information systems and their impact on organisations;
  • A range of contemporary issues in management.

3.2 Skills and other attributes

a. Subject-specific cognitive skills:

On successful completion of this programme, students should be able to:

  •     Analyse, model and solve structured and unstructured problems (A);
  •     Evaluate and assess alternatives in complex scenarios;
  •     Gather relevant data and evidence from various sources, integrate them appropriately and reference sources  adequately (A);
  •     Critically evaluate arguments and evidence (A);
b. Subject-specific practical skills:

On successful completion of this programme, students should be able to:

  •  Record and summarise transactions and other economic events (A);
  •  Prepare financial statements (A);
  •  Use appropriate analytical tools for accounting and financial management tasks (A);
c. Key transferable skills:

On successful completion of this programme, students should be able to:

     i.         Organise themselves personally and independently to be a valued contributor through time management, self-direction, self-motivation, tenacity and proactiveness (B&M);

     ii.        Learn (A) and work independently;

    iii.        Work well in a team, using appropriate skills, including leadership, team building and project management (B&M);

   iv.        Interpret numerical information, reason numerically and apply appropriate mathematical and statistical techniques (B&M);

    v.        Use communication and information technology appropriately in acquiring, analysing and communicating information (A);

   vi.        Communicate quantitative and qualitative information, analysis, argument and conclusions using a variety of styles, in effective ways (A);

  vii.        Make oral and written presentations appropriate to the audience (A)

4. Programme structure

4.1 Part A - Introductory Modules

            Semester 1

i)       COMPULSORY MODULES (total modular weight 60)

Code

Title

Modular Weight

BSA005

Organisational Behaviour

10

BSA007

Skills for Study, Placement and Employment

(weight 20)     continued in Semester 2

10

BSA017

Financial Accounting

20

BSA020

Microeconomics for Financial Studies

10

BSA080

Quantitative Methods for Business A

10

 

Or

 

BSA085

Quantitative Methods for Business B

10

 

 

 


            Semester 2

i)       COMPULSORY MODULES (total modular weight 60)

 

Code

Title

Modular Weight

 

 

 

BSA007

Skills for Study, Placement and Employment

(weight 20)     continued from Semester 1

10

BSA019

Accounting in Context

10

BSA022

Macroeconomics for Financial Studies

10

BSA025

Introduction to Law

10

BSA110

Business Modelling A

10

 

Or

 

BSA115

Business Modelling B

10

BSA053

Organisations in the International Context

10

 

4.2       Part B - Degree Modules

            Semester 1

i)       COMPULSORY MODULES (total modular weight 30)

 

Code

Title

Modular Weight

BSB005

Management Accounting

(weight 20)                continued in Semester 2

10

BSB010

Business Information Management

10

BSB015

Company Law

10

ii)      OPTIONAL MODULES (total modular weight 30)

Three modules from the Business catalogue of Part B optional modules for this programme.

            Semester 2

i)       COMPULSORY MODULES (total modular weight 40)

 

Code

Title

Modular Weight

BSB005

Management Accounting

(weight 20)                continued from Semester 1

10

BSB007

Financial Reporting

10

BSB012

Information Systems Development

10

BSB025

Financial Management

10

ii)      OPTIONAL MODULES (total modular weight 20)

Two modules from the Business catalogue of Part B optional modules for this programme.

 

 

4.3       Part I

Candidates pursue one of the following streams:

i)       Placement Stream

Candidates will undertake industrial or professional training.

ii)      Study Abroad Stream

Candidates will study at one of the School of Business and Economicsapproved academic institutions.

 

iii)       Split Stream

         Candidates will undertake industrial or professional training for half the year and will study at one of the School of Business and Economics approved academic institutions for the other half of the academic year.

 

(iv)    Language Related Placement

         Candidates will undertake a year abroad in employment, for example as an English language assistant in a school or other educational establishment,  approved by the School of Business and Economics.

 

 

4.4       Part C - Degree Modules

            Semester 1

i)       COMPULSORY MODULES (total modular weight 30)

 

Code

Title

Modular Weight

BSC005

Advanced Financial Reporting

(weight 20)                continued in Semester 2

10

BSC010

Management Accounting & Control

(weight 20)     continued in Semester 2

10

BSC015

Financial Management and Corporate Policy

10

 

ii)            OPTIONAL MODULES (total modular weight 30)

Modules with a total modular weight of 30*.

 

Group 1

BSC003, BSC020, BSC029, BSC030

 

Group 2

Modules from the Business catalogue of Part C optional modules for this programme.

 

 

 

 

            Semester 2

i)       COMPULSORY MODULES (total modular weight 20)

 

Code

Title

Modular Weight

BSC005

Advanced Financial Reporting

(weight 20)                continued from Semester 1

10

BSC010

Management Accounting & Control

(weight 20)                continued from Semester 1

10

 

 

ii)      OPTIONAL MODULES (total modular weight 40)

Modules with a total modular weight of 40*:

Group 1:

BSC012, BSC016, BSC018, BSC042

 

Group 2:

Modules from the Business catalogue of Part C optional modules for this programme.

 

* Over Semester 1 and Semester 2 at least 10 credits must be chosen from the Group 1 lists in Semester 1 and Semester 2.

5. Criteria for Progression and Degree Award

In order to progress from Part A to Part B and from Part B to C and to be eligible for the award of an Honours degree, candidates must not only satisfy the minimum credit requirements set out in Regulation XX but also: 

- To progress from Part B to the period of professional training or study at an approved institution abroad, candidates must accumulate at least 100 credits in Part B as well as achieving at least 30% in all modules taken in Part B.

Provision will be made in accordance with regulation XX for candidates who have the right of re-assessment in Part A or Part B of the programme to undergo re-assessment in the University’s special assessment period.

6. Relative Weighting of Parts of the Programme for the Purposes of Final Degree Classification

Candidates’ final degree classification will be determined on the basis of their performance in degree level Module Assessments in Parts B and C, in accordance with the scheme set out in regulation XX.  The average percentage marks for each Part will be combined in the ratio Part B 25: Part C 75, to determine the final overall percentage mark for the Programme (the Programme Mark).

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