Level 4
You will complete the following four 30-credit modules during Year 2 (taking two modules in Term 1 and two modules in Term 2):
Fundamentals of Business Environment and Economics
The aim of the module is to:
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Introduce students to various aspects of the modern business environment enabling them to appreciate challenges facing today’s organisations.
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Enable students to understand the various types of business organisations and its environment, organisational structure and functions, key stakeholders, governance, external environment factors, organisational culture, and ethical behaviours.
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Enable students to understand the role of accounting and reporting systems in relation to real business problems and offer IT related solutions on a wider perspective for efficient management and internal control of organisation.
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Equip students with a set of concepts and analytical tools, the application of which not only provides and develops an understanding of economic issues but also develops and stimulates the students’ reasoning and conceptual awareness.
Financial Accounting – Theory and Practice
The aim of the module is to:
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Provide students with knowledge and understanding of Financial Accounting that will enable them to grasp fundamental concepts and theories of accounting and apply their skills to a whole range of financial accounting matters.
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Enable students understand the regulatory and conceptual framework applicable to financial accounting and the techniques and skills required to prepare the financial statements of a business with particular emphasis to the statement of comprehensive income, the statement of financial position and statement of cash flow.
Management Accounting
The aim of the module is to:
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Enable students to develop knowledge and understanding of the role, importance of cost and management accounting techniques and their application in business.
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Enable students to develop capability and insight of management accounting techniques to support management in planning, measuring, controlling, and monitoring business performance in a variety of business contexts.
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Enable students to evaluate the importance of cost determination, pricing and volume measures for global organisations and understand resource allocation and the control of available resources in maximising benefit to the global organisation.
Business and Corporate Law
The aim of the module is to:
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Provide students with an understanding of the fundamental principles of law and ethics relating to business transactions and commercial entities, and the main concepts of corporate law and the different types of business organisations.
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Enable students to understand the management, administration, and regulation of a company and how these impact on the duties of directors and company meetings and resolutions.
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Provide students with an understanding of the legal aspects of corporate governance.
Level 5
You will complete the following four 30-credit modules during Year 3 (taking two modules in Term 1 and two modules in Term 2):
Quantitative Techniques and Computer Applications in Accounting
The aim of the module is to:
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Develop students’ expertise in applying quantitative techniques to the study and practice of accounting and finance.
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Provide students an opportunity to get experience of a practical operational context where they can apply accounting techniques acquired in earlier modules of study as well as be able to critique the framework relating to the design and operation of an integrated accounting system.
Financial Reporting and Practice
The aim of the module is to:
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Enable students to develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements.
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Enable students to critically discuss and apply a conceptual framework for financial reporting, critically discuss a regulatory framework for financial reporting, prepare and present financial statements which conform with international accounting standards, account for business combinations in accordance with international accounting standards, and critically analyse and interpret financial reports of businesses.
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Enable students to prepare consolidated financial statements of a group consisting of subsidiaries and associated companies after adjusting for fair value, unrealised profits, intra-group balances, pre and post-acquisition, non-controlling interest, and goodwill in accordance with local and international standards.
Principles and Practice of Taxation
The aim of the module is to:
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Enable students to examine the conceptual and computational principles of UK taxation system and its impact on Individuals and businesses. It will cover the fundamental principles of UK tax law and practice, including the overall function and purpose of taxation in a modern economy, the obligations of individual and corporation taxpayers, and the computation of tax liabilities.
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Expose students to tax planning, the taxation principles of VAT and IHT.
Financial Management
The aim of the module is to:
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Develop students’ knowledge and understanding in financial decision making and equip students with the skills necessary to carry out core finance functions.
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Develop students’ understanding of corporate financial strategy through the interpretation, uses, and analysis of strategic financial information in the context of an understanding of the tactical need for the survival of corporate business.
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Enable students to dissect the four key financial management decisions of investing, financing, asset management and dividend policy.
Level 6
You will complete the following 30-credit module in Term 1 of Year 4:
Auditing in Context
The aim of the module is to:
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Provide students with understanding of what audits (internal and external) should achieve, equip them with the ability to understand how an audit is conducted and its usefulness to society generally.
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Enable students to develop knowledge of the professional regulatory framework that applies to audit and assurance engagements.
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Enable students to identify and describe the systems, processes and principles which seek to ensure that internal and external auditing will promote good corporate governance and the achievement of corporate objectives.
You will also complete one of the following 30-credit option modules* in Term 1 of Year 4:
International Finance
The aim of the module is to:
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Enable students to assess the current global business environment and design appropriate international finance management strategies.
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Develop students understanding of multinational financial management through the interpretation, uses, and analysis of strategic financial information in the context of an understanding of the strategic reasons for the existence of multinationals.
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Provide students the relevant multinational financial management strategic factors that affect the operations of international organisations.
Mergers and Acquisitions
The aim of the module is to:
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Provide students an invaluable insight into how the theories of corporate finance, economics, accounting and financial management work in practice.
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Familiarise students with the mergers and acquisitions phenomenon from various angles: strategic, financial, public policy. It demonstrates the application of the concepts and techniques of corporate finance, such as valuation, to practical and active developments in the corporate business world.
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Enables students to identify and assess key factors explaining the success or failure of companies, as well as practical insights through case studies into the workings of investment bankers, financial professionals, and management in the formulation of Financial Restructuring & Reorganization Policy.
Accounting and/or Finance Internship
(only if you are going to take either International Finance or Mergers and Acquisitions module in term 2).
The aim of the module is to:
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Enable students to gain a beneficial experience of the accounting and or finance working environment, evaluating real-life issues and provide solutions as well as become aware of the culture and structure of a working environment, develop new accounting and or finance capabilities and skills, and engage in reflective learning.
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Develop students’ employability and increase graduate career prospects.
You will complete the following 30-credit module in Term 2 of Year 4:
Performance Management and Control
The aim of the module is to:
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Enable students to understand the use of various types of strategic planning while showing awareness of environmental, behavioural and organisational factors through management and control of the inherent business and financial risk factors involved in order to ensure business survival, total quality management and prosperity.
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Equip students in the application of relevant knowledge, skills, and the exercise of professional judgement in selecting and applying strategic managerial accounting techniques and approaches in different business contexts and to contribute to the evaluation of the performance of an organisation and its strategic development.
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Enable students to prepare and interpret financial information for management, contribute to budgetary planning, monitoring and control via effective communication and improve functional performance within a global business organisation.
You will also complete one of the following 30-credit option modules* in Term 2 of Year 4:
Business ethics and Corporate Governance
The aim of the module is to:
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Introduce students to corporate governance, and its practical relevance to national and multinational organisations in all sectors of the economy.
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Expose students to the typical requirements of senior executives in business organisations in relation to governance and ethical issues.
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Enable students to analyse risks both financial and non-financial and critically evaluate the deeper consequences of executive action in these areas.
Accounting and Finance Research Project
The aim of the module is to:
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Enable students to demonstrate integration of their learning in their accounting & finance modules and apply this to the formulation and completion of a research proposal and final project.
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Develop in students the ability to implement their research plans, and to collect and analyse data.
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Enable students to demonstrate their ability to discuss the findings generated through research, and to demonstrate the robustness and rigour of such through critical awareness and evaluation.
Independent Learning Project
The aim of the module is to:
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Provide an opportunity for students to work on areas of research and/or performance that are not covered within existing taught modules.
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Facilitate students’ pursuit of individual interests in contemporary phenomenon related to accounting and finance.
Accounting and/or Finance Internship
The aim of the module is to:
-
Enable students to gain a beneficial experience of the accounting and or finance working environment, evaluating real-life issues and provide solutions as well as become aware of the culture and structure of a working environment, develop new accounting and or finance capabilities and skills, and engage in reflective learning.
-
Develop students’ employability and increase graduate career prospects.
International Finance (If not taken in Term 1)
The aim of the module is to:
-
Enable students to assess the current global business environment and design appropriate international finance management strategies.
-
Develop students understanding of multinational financial management through the interpretation, uses, and analysis of strategic financial information in the context of an understanding of the strategic reasons for the existence of multinationals.
-
Provide students the relevant multinational financial management strategic factors that affect the operations of international organisations.
Mergers and Acquisitions (If not taken in Term 1)
The aim of the module is to:
-
Provide students an invaluable insight into how the theories of corporate finance, economics, accounting and financial management work in practice.
-
Familiarise students with the mergers and acquisitions phenomenon from various angles: strategic, financial, public policy. It demonstrates the application of the concepts and techniques of corporate finance, such as valuation, to practical and active developments in the corporate business world.
-
Enables students to identify and assess key factors explaining the success or failure of companies, as well as practical insights through case studies into the workings of investment bankers, financial professionals, and management in the formulation of Financial Restructuring & Reorganization Policy.
