Loughborough University
Leicestershire, UK
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Loughborough University

Programme Specifications

Programme Specification

BSc (Hons) Accounting and Financial Management (2016-2018 entry)

Academic Year: 2020/21

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 Association of International Accountants (AIA) and The Institute of Chartered Accountants in England and Wales (ICAEW).

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

BSc / BSc + DIS/ BSc + DInts - http://www.lboro.ac.uk/nn34

Date at which the programme specification was published Mon, 13 Jul 2020 14:25:31 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 Economics at 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 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;
  • Domestic and international business organisations in their technological, economic, fiscal, legal and political contexts;
  • The behaviour of people in national and international 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 national and global organisations;
  • Current technical language, developments, methods, practices and issues in accounting and financial management;
  • Selected alternative techniques and practices in domestic and international accounting and financial management (A);
  • Methods of recording and summarising global and domestic 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

MODULE TITLE Modular Weight
BSA007 Skills for Study, Placement and Employment 20
BSA005 Organisational Behaviour 10
BSA013 Principles of Financial Accounting 10
BSA020 Microeconomics for Financial Studies 10
BSA025 Introduction to Law 10
BSA080/085 Quantitative Methods for Business A or B 10
BSA014 Financial Accounting and Analysis 10
BSA019 Accounting and Finance in Context 10
BSA022 Macroeconomics for Financial Studies 10
BSA053 Organisations in the International Context 10
BSA110/115 Business Modelling A or B 10

Students will be required to select one or other of BSA080/085 in Semester 1 and again to select one or other of BSA110/115 in Semester 2 based on their level of maths education at entry.

4.2       Part B - Degree Modules

MODULE TITLE Modular Weight
BSB005 Management Accounting 20
BSB010 Business Information Management 10
BSB015 Company Law 10
BSB025 Financial Management 10
BSB007 Financial Reporting 10
BSB012 Information Systems Development 10
BSB027 Financial Markets and Derivatives Fundamentals 10
BSB030 Marketing 10
BSB040 Human Resource Management 10
BSB046 Organisation Studies 10
BSB050 International Business 10
BSB120 Management Science Methods 10
BSB024 International Economics 10
BSB052 International Management 10
BSB087 Vocational Psychology 10
BSB100 Operations Management 10
BSB105 Global Brand Management 10
BSB110 Data Analysis for Management 10
BSB135 Consumer Behaviour 10
BSB150 Business Ethics and Corporate Social Responsibility 10

4.3       Part I

Candidates pursue one of the following streams:

i)       Placement Stream

Candidates will undertake an appropriate business placement.

ii)      Study Abroad Stream

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

iii)       Split Stream

         Candidates will undertake an appropriate business placement 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

MODULE TITLE Modular Weight
BSC005 Financial Reporting: Theory and Practice 10
BSC007 Management Accounting and Control Systems 10
BSC015 Corporate Finance 10
BSC009 Strategic Management Accounting and Performance 10
SEMESTER 1 OPTIONAL MODULES, with a total credit weighting of 30 from the approved list of options*  
GROUP 1*  
BSC017 Financial Risk Management 10
BSC030 Corporate Governance 10
BSC051 International Corporate Governance and Firms 10
BSC063 Decision and Efficiency Analysis 10
BSC068 Consulting for Decision Making (suspended 2020) 10
BSC070 Technology in Business and Society 10
BSC071 Managing Big Data 10
BSC100 Advanced Interpersonal Skills 10
BSC105 International Human Resource Management 10
BSC110 Marketing Strategy and Planning 10
BSC115 International Marketing 10
BSC132 Small Business Issues 10
BSC165 Business Forecasting 10
ISC027 Information and Knowledge Management 10
University-wide Language Programme 10
SEMESTER 2 OPTIONAL MODULES, with a total credit weighting of 50 from the approved list of options*  
GROUP 1*  
BSC014 Portfolio Management 20
BSC018 Behavioural Finance 10
BSC019 Multinational Financial Management 10
BSC021 Issues in Financial Reporting 20
BSC053 International Negotiations 10
BSC059 Business and Entrepreneurialism in Postconflict Spaces 10
BSC064 Business Optimisation 10
BSC067 Simulation for Decision Support 10
BSC072 Strategic Information Management 10
BSC080 Analysing Careers 10
BSC085 The Changing Work Organisation 10
BSC117 Services Marketing 10
BSC124 Marketing Communications 10
BSC130 Business Programming 10
BSC134  Business Planning for New Ventures 10
BSC136 Enterprise Resource Planning 10
BSC194 Project Management 10
University-wide Language Programme 10
*Over Semester 1 and Semester 2 at least 20 credits must be chosen from Group 1.  Various Semester 2 modules in the final year have a pre-requisite module in Semester 1 of the final year.  Students must carefully check their preferred modules' pre-requisites before making selections as all pre-requisites will be rigorously enforced.  

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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