Accounting and Finance with a Year in Industry BA (Hons)

Bachelor's degree

In Liverpool

Price on request

Description

  • Type

    Bachelor's degree

  • Location

    Liverpool

‌ The University of Liverpool Management School is one of an elite group of institutions worldwide to be AACSB Accredited.  An Accounting and Finance degree covers the day-to-day financial matters of business and is an excellent first step to becoming a qualified accountant, one of the highest paid professions. The BA Accounting and Finance degree programme at Liverpool provides a sound grounding in all core theoretical and practical areas of Accounting and Finance, focusing on financial accounting, management accounting, finance, strategy, audit and taxation. Programme staff are professionally qualified accountants with a range of experience in different sectors, so you can be confident of being taught the most up-to-date content by those that have applied it in the business world. On the Year in Industry programme you spend Year Three on placement in industry. With close industry links the programme is accredited by the professional accountancy bodies and receives the maximum number of exemptions available to any university from a wide range of professional bodies including; the Institute of Chartered Accountants in England and Wales (ICAEW), the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CIMA) and the Chartered Institute of Public Finance Accountants (CIPFA). Our graduates have successfully gone on to find work in accountancy practices, industry, investment banking, asset management and insurance in organisations such as KPMG, PwC, Deutsche Bank, Grant Thornton, Barclays, Ernst & Young, as well as in education and the public sector. Department Key Facts Number of first year students788 Year One undergraduates across all programmes in 2015 UK league tablesRanked 10th in the UK for Marketing in the Complete...

Facilities

Location

Start date

Liverpool (Merseyside)
See map
Chatham Street, L69 7ZH

Start date

On request

About this course

Entry Requirements A level offerAAB BTECD*D*D International Baccalaureate35 points Irish Leaving CertificateA1, A1, A1, B1 Scottish Higher/Advanced HigherScottish Advanced Highers accepted at AAB Advanced Welsh BaccalaureateAccepted including AB at A Level EU Entry RequirementsEU Qualifications Access45 credits at Distinction in graded level 3 units in a relevant Diploma. International Entry RequirementsYour country Mature...

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Subjects

  • Management
  • Financial Reporting
  • Financial Accounting
  • Transactions
  • Market
  • Investment
  • Credit
  • Basic
  • Accounting
  • IT
  • Basic IT training
  • Basic IT
  • Economics
  • Supply
  • Marketing
  • Sound
  • International
  • Accounting MBA
  • Finance
  • Financial
  • University
  • Public
  • Industry
  • Accredited
  • Accountancy
  • Accountants
  • Accounting and Finance
  • Management Accounting
  • Financial Training
  • IT Management

Course programme

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.

Compulsory modules
  • Introduction To Financial Accounting (ACFI101) Level 1 Credit level 15 Semester First Semester Exam:Coursework weighting 70:30 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) Level 1 Credit level 15 Semester Second Semester Exam:Coursework weighting 100:0 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) Level 1 Credit level 15 Semester Second Semester Exam:Coursework weighting 100:0 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) Level 1 Credit level 15 Semester First Semester Exam:Coursework weighting 85:15 Aims The 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 Outcomesdemonstrate 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) Level 1 Credit level 15 Semester Second Semester Exam:Coursework weighting 0:100 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) Level 1 Credit level 15 Semester First Semester Exam:Coursework weighting 0:100 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) Level 1 Credit level 15 Semester First Semester Exam:Coursework weighting 80:20 Aims
    1. To en able 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 Outcomes An 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.
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.

Compulsory modules
  • Financial Reporting 1 (ACFI201) Level 2 Credit level 15 Semester First Semester Exam:Coursework weighting 100:0 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 Outcomes draw 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) Level 2 Credit level 15 Semester Second Semester Exam:Coursework weighting 70:30 Aims This 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...

Accounting and Finance with a Year in Industry BA (Hons)

Price on request