Finance, Accounting and Management BSc

   
   
  

Fact file - 2017 entry

UCAS code:NN34
Qualification:BSc Hons
Type and duration:3 year UG
Qualification name:Finance, Accounting and Management
UCAS code
UCAS code
NN34
Qualification
Finance, Accounting and Management | BSc Hons
Duration
3 years full-time
A level offer
AAB
Required subjects
GCSE maths grade B or above 
IB score
34 (including 18 points at Higher Level) 
Course location
Jubilee Campus 
Course places
185
School/department
 

Overview

Providing graduates with a comprehensive knowledge of finance and accounting, this course offers exemption from a number of exams set by professional bodies.
Read full overview

Focusing on the modern firm and its financial environment, this course provides a strong foundation in accounting and finance theory and practice. It is accredited by a number of industry bodies and offers exemption from a series of professional exams, including some set by the Association of Certified and Chartered Accountants, the Chartered Institute of Management Accountants, the Institute of Chartered Accountants in England and Wales, and the Institute of Chartered Accountants of Scotland.

Year one 

The first year serves as a broad foundation to the study of a range of business disciplines, including core modules in financial accounting, business finance, management accounting, entrepreneurship, business law, micro economics, economic policy, organisation studies, business computing and quantitative methods. In addition there is one optional module.

Year two

The second and final years of the course allow you to develop specialist knowledge of finance and accounting theory and practice by building on your first year studies. Specifically, the second year includes core modules in financial management, management accounting, financial reporting, accounting information systems, computational finance, management strategy, database design, quantitative methods and econometrics. In addition there are also two optional modules.

You can also apply to spend one semester of your second year studying abroad, studying similar modules to your counterparts back in Nottingham.

Year three 

The final year has the greatest focus on the study of the finance discipline and typically includes core modules in corporate finance, financial analysis, financial markets, financial reporting, auditing, management accounting and business ethics. There are also four optional modules.

 

Entry requirements

A levels: AAB excluding general studies, critical thinking and citizenship studies

GCSEs: For all our degree courses, we require GCSE maths grade B or above (unelss the AS level of one of the A-levels is mathematics)

English language requirements 

IELTS: 7.0 (no less than 6.0 in any element)

Students who require extra support to meet the English language requirements for their academic course can attend a presessional course at the Centre for English Language Education (CELE) to prepare for their future studies. Students who pass at the required level can progress directly to their academic programme without needing to retake IELTS. Please visit the CELE webpages for more information.

Alternative qualifications 

View the alternative qualifications page for details.

Flexible admissions policy

In recognition of our applicants’ varied experience and educational pathways, The University of Nottingham employs a flexible admissions policy. We may make some applicants an offer lower than advertised, depending on their personal and educational circumstances. Please see the University’s admissions policies and procedures for more information.

Notes for applicants 

Some of the modules you study at Nottingham on the BSc (Hons) Finance, Accounting and Management will reflect the content of a number of professional accountancy and insurance bodies' exams. As a result, you may be eligible for exemptions from some of these professional exams on the grounds that you have already demonstrated you understand the relevant content to the required standard.

The Business School has accreditation agreements with the Association of Chartered Certified Accountants (ACCA), the Professional stage of the Institute of Chartered Accountants in England and Wales (ICAEW), the Chartered Institute of Management Accountants (CIMA), the Chartered Institute of Public Finance and Accountancy (CIPFA) and the Chartered Institute of Insurance (CII). 

All applicants who are made an offer are invited to visit the Business School and meet members of staff and students. The school does not normally interview candidates for its undergraduate degrees; our offers are made on the basis of the information contained on your UCAS form. We welcome applications from mature candidates and consider academic and professional backgrounds on an individual basis. We also consider other qualifications in addition to those listed above.

 
 

Modules

Typical year one modules

Core

Business Finance

This module provides an introduction to the fundamental concepts of finance and in particular:

  • understand that there is a relationship between the risk of an investment and the expected returns
  • understand the concept of the time value of money and be able to calculate the present value of a single and multiple future cash flows
  • be able to apply NPV to project appraisal in realistic situations
  • understand the fundamental ideas or portfolio theory and be able to apply the CAPM
  • to be able to estimate cost of capital for equity (CAPM and dividend growth model) and bonds (market value and IRR)
 
Business Law A

This module will introduce you to the following:

  • UK legal framework
  • Impact of EU legislation
  • Law of contract - essential elements, performance and remedies
  • Business and the Law of Tort
  • Employment law
  • Law in a local and global context
 
Business Law B

This module covers the following:

  • Agency
  • Legal personality; sole traders; partnerships and Limited Companies
  • Purpose and legal status of memorandum and articles
  • Management and the administration of a company
  • Insolvency
 
Computers in Business

This module will introduce the use of computers and IT in business today - and in particular spreadsheet modelling - via a lab based assessment and a case study group report and presentation.

 
Entrepreneurship and Business

Th module presents a formal analysis of entrepreneurship in theory and practice leading on to a consideration of creativity and business concept generation. The module concludes with the practical application of these theories and concepts in business planning and business concept presentation.

 
Financial Accounting

This module will introduce the nature and purpose of financial accounting. Key accounting concepts, the impact of accounting policy selection, accounting standards and the recording and collating of accounting information will be presented. Financial statements will be developed via double entry bookkeeping from accounting data.

 
Management Accounting and Decisions I

This module introduces the following:

  • Cost concepts and allocation of manufacturing overheads
  • Absorption and variable costing
  • Cost-volume-profit analysis
  • Relevant costing
  • Budgeting 
 
Microeconomics for Business A

This module introduces you to the microeconomic theory of the market and the firm. Topics covered include:

  • market demand
  • supply and equilibrium
  • firm production and costs
  • market structure
  • perfect competition
  • monopolistic competition
  • oligopoly and monopoly
 
Microeconomics for Business B

The module covers the following:

  • Exchange and trade
  • Gains from trade
  • Absolute and comparative advantage
  • Consumer theory
  • Indifference analysis
  • Attributes approach
  • Factor markets
  • Labour markets
  • Capital markets
  • Welfare economics
  • Market efficiency
  • Externalities
  • Public goods
  • Information failure
 
Organisational Behaviour

This module will introduce you to the basic ideas of organisational behaviour. The content will encourage you to develop an understanding of managing and developing people within business organisations.

The module will draw its primary material from the major theorists and theories of both organisational psychology and organisational behaviour. The module will also develop links with other aspects of the business school curriculum such as general management and international business.

 
Quantitative Methods 1B

This module covers the following:

  • Economic application of calculus
  • Confidence intervals
  • Introduction to hypothesis testing
  • Partial differentiation
  • Optimisation of two variables
  • Probability
  • Random variables
  • Sampling distributions
 

Plus 10 credits of approved optional modules.


Optional

Insurance in a Risky World

The module examines how insurance markets operate to satisfy commercial and individual customers' demand for protection against risk, and would usually include the following topics:

  • Introduction to insurance
  • Private and social insurance
  • The historical development of insurance
  • Why buy property/liability insurance?
  • Why buy life, health and pensions insurance?
  • The supply of insurance
  • Lloyd's and the London Insurance Market
  • How is insurance distributed to consumers?
  • The role of insurance in the economy
  • International aspects of insurance
  • Insurance and catastrophes
 
Introduction to Business Operations

This module covers the following:

  • The scope and importance of operations management in both service and manufacturing businesses
  • IT and knowledge management to support operations
  • Competitive operations; strategies for success in manufacturing operations, the links with other business functions
  • Planning the provision; forecasting and planning, including location and layout of facilities, in the context of the globalised economy, and infrastructure development
  • Managing the supply chain; competitive advantage through the supply chain, models of the extended and virtual enterprise
  • Logistics and distribution issues
  • Timely provision of products and services; methods and techniques used to schedule and control business and manufacturing operations, including inventory and materials management
  • Achieving quality and freedom from waste; quality management, improvement techniques, cultural issues, measurement of quality performance, service quality

The content will be explored using a variety of management games.

 
Origins and Development of the UK Economy

The module provides an opportunity for you to learn how the modern UK economy, whose fortunes they study in other modules, has evolved over the last 300 years.

Starting with the Industrial Revolution of the late 18th century, we will look at how Britain became the 'Workshop of the World' in the mid-19th century, at how relative decline later set in and at the economic impact of the two World Wars. We will end by considering the economy since 1945, including the 'Golden Age' of the 1950s and 1960s, the oil crisis of 1973, the 'Big Bang' in 1986 and the financial crash of 2008.

Throughout, the emphasis will be on how individual businesses have evolved, the opportunities and problems they have faced and how lessons from the past can help in understanding business today and tomorrow.

 
Quantitative Methods 1A

This module introduces you to the following:

  • Numbers
  • Algebra
  • Functions
  • Equations
  • Exponents
  • Logarithms
  • Descriptive statistics
  • Differentiation
  • Optimisation
  • Integration
 
Tourism Futures: the Challenge of Sustainability

This module will survey the international tourism industry in the 21st century. Starting with lectures on the history and sociology of tourism and its broader cultural significance, it will analyse trends in tour operation management, sustainable transport practice, niche markets like eco-tourism, and investigate and evaluate the various social, cultural and environmental impacts which the tourist industry has on destinations.

 
 
 

Typical year two modules

Core

Accounting Information Systems

This module looks at the use of accounting information systems in financial and management accounting and their control and audit. You'll cover topics such as:

  • introduction to systems
  • business processes
  • budgeting and decision support systems
  • internal control and audit
  • computer crime and external audit
  • enterprise resource planning systems
 
Computational Finance

The module stresses the fundamentals of finance, providing you with a knowledge and understanding of the key finance subjects such as money market, return metric, portfolio models, asset pricing models etc. It equips you with the essential techniques applied in financial calculations. The course will also integrate application areas in finance which have already been introduced to you, or which are being introduced to you concurrently.

 
Database Design and Implementation

This module examines the process of relational database design and implementation using relevant theory. Applications of modern databases will be studied and all students will be required to create a database system, fully documented, to solve a given problem. 

 
Financial Management

The module will introduce you to the corporate investment and financing decision as well as the interaction between the investment and financing decision.

 
Financial Reporting

The module addresses the application of financial reporting principles in preparing financial statements in accordance with International Financial Reporting Standards, for a range of transactions and economic events.

 
Introductory Econometrics

This module will provide an introduction to the theory and practice of quantitative economic modelling at a basic level. The theoretical framework will be developed around the classical regression model and its extensions, with theoretical understanding being supplemented with computer-based practical examples of modelling and data analysis. 

 
Macroeconomics for Business

This module introduces participants to the nature and scope of the macroeconomic policy agenda, and develops the analytical frameworks necessary for the evaluation of policy instruments. The module enables participants to understand the economic arguments that under-lie different views and to evaluate relevant arguments.

 
Management Accounting and Decisions II

This module will introduce the following topics:

  • Activity based costing
  • Process costing
  • Transfer pricing
  • The changing role of the management accountant
 
Management Strategy

This module provides participants with a theoretical and applied overview of strategic management in today's operational environment. It introduces and analyses the key concepts, frameworks and techniques of strategic management, which allow them to diagnose complex situations related to real-world business development.

 
Quantitative Methods 2A

In this module you'll study further maths and statistics including topics such as linear algebra, constrained optimisation, difference equations and hypothesis testing. 

 

Plus 20 credits of approved optional modules.


Optional

Economics of Innovation

In this module, you will cover topics including:

  • innovation in the history of economic thought
  • basic concepts in the economics of innovation
  • intellectual property
  • economics of networks
  • standards and dominant designs
  • the entrepreneur
  • innovation, demand and consumption
  • clusters
  • innovation and the division of labour
  • innovation, competitiveness and trade
  • innovation, growth and wealth creation
  • policy for innovation
 
Economics of Pricing and Decision Making

This module presents an introduction to economic decision making with a focus on the firm's pricing decisions and mechanisms, including:

  • monopoly pricing
  • oligopoly pricing (non-co-operative and collusive)
  • auctions
  • pricing under uncertainty
 
International Firms

This module examines the international business environment; in particular the impact of international firms on the economy, the determinants of Foreign Direct Investment and their significance on regional and global economic integration.

Attention is paid to cultural and organisational aspects of international business and their impact on Corporate Social Responsibility, as well as differences in corporate governance across economic areas. The structure of the module is based on three sections focusing mainly on the activities of MNEs, firm organisation and performance, and the impact of international firms on the economy.  

 
Risk Management Decisions

This module will introduce the different aspects of corporate risk and examine how the risk of fortuitous loss may affect the various stakeholders in the operations of firms.

 
Technology and Organisation

This module considers several of the transformations that have arisen in contemporary organisations as a result of the use of information systems. Topics include different ways to understand the relationship between technology and organisation and implications of technology for knowledge management and other management areas.

 
 
 

Typical year three modules

Compulsory

Advanced Financial Reporting

This module covers advanced financial reporting topics including:

  • accounting conceptual framework
  • accounting measurement and recognition issues
  • special topics
 
Auditing, Governance and Scandals

This module uses a combination of lectures and group work to develop students' understanding of alternative perspectives on the role of external audit, audit theory and practice and the role of judgement in audit. The module also includes a critical review of corporate scandals and the associated failures in corporate governance systems/procedures.

 
Corporate Finance

This module will develop your knowledge of financial decision-making and strategic financial decisions, including takeovers and mergers.

 
Financial Analysis

This module uses a combination of lectures and group work to develop your understanding of financial reporting, the links between strategic and financial management, and the ways in which the stock market responds to financial information. The module involves detailed study and critical analysis of the financial strategy and performance of a major UK quoted company. 

 
Financial Markets

This module examines markets for equity and debt and markets for derivative instruments. It will introduce you to the processes of portfolio building, management and performance measurement and examines the workings of the major financial markets, looking at the way in which the prices of financial instruments are calculated.

The module covers the key theoretical models of modern finance, capital asset pricing model, arbitrage pricing model, financial risk management with derivative instruments.

 
Management Accounting and Decisions III

This module covers:

  • Curvilinear cost functions (eg the learning curve)
  • pricing decisions and strategies
  • the range of alternative approaches to performance measurement and their respective merits/problems
  • activity based management
  • cost of quality reporting
 
Management Accounting and Decisions IV

The module covers a critical review of strategic management accounting and the concept of control in organisations. Inter-relationships between big data, integrated reporting and strategic management accounting are looked at.

 

Plus 40 credits of approved optional modules.


Optional

Applied Econometrics

The module will provide an introduction to econometric techniques for modelling data. Topics to be covered include:

  • panel data modelling (difference-in-difference models; regression discontinuity designs; experiments)
  • qualitative response models
  • time series models
 
Corporate Restructuring and Governance

This module examines the antecedents and consequences of corporate restructuring. Factors triggering corporate restructuring are considered in a number of alternative organisational settings. In particular, the role of corporate governance in inducing and shaping corporate restructuring receives special attention (in particular, executive compensation and the market for corporate control).

The process of restructuring is discussed against a background of resource-based, agency and behavioural theories of the firm. The impact of corporate restructuring on the size, complexity, incentive systems and ownership structure of large firms is examined. Finally, the evidence relating to the effects of corporate restructuring on performance, employment, R&D and corporate governance is examined.

 
Economics of Regulation and Competition Policy

This module covers the two broad areas of regulation and competition policy. Topics covered include:

  • natural monopoly regulation
  • retail price control
  • access pricing
  • universal service obligations
  • public policy on inter-firm agreements and restrictive practices
  • abuse of monopoly power and merger control
 
International Finance

This module discusses and analyses the management of the international finance function of firms. Typical issues include: foreign exchange markets, foreign exchange and other international risks, international financial markets, international investment decisions and foreign trade. 

 
Law and Economics

This module covers the following:

  • Introduction to law and economics: the Coase theorem, property rights and transaction costs
  • Economicsof corporate law; ownership, agency and governance structures
  • Economics of contract law; efficient breach and efficient remedies
  • Economics of tort law; efficient liability rules
  • Economics of criminal law; fines and imprisonment
  • Economics of legal processes; litigation, settlement and trial
  • Competitive markets; products liability
  • Non-competitive markets; economics of antitrust law and regulation
 
Logistics and Supply Chain Management

The module provides an introduction to logistics and supply chain management (LSCM) within the international context. As such, the module examines how LSCM strategies contribute to businesses' competitive advantage, the relationship aspects between business partners in delighting end-customers, and supporting operational activities and the international transport of goods.

The module is taught by reference to academic literature and management practice, including case-studies and application to special topics such as humanitarian logistics and international trade.

 
Marketing and Society

An overview of marketing and society, macro-marketing issues, responsible and sustainable marketing, consumer response to marketing activities, marketing's impact on society and consumption.

 
Risk, Information and Insurance

This module examines individual decision-making under conditions of risk and uncertainty, and investigates the effectiveness of insurance as a means of controlling risk.

 
 
 

 

The modules we offer are inspired by the research interests of our staff and as a result may change for reasons of, for example, research developments or legislation changes. The above list is a sample of typical modules we offer, not a definitive list.

 
 

Study abroad

The University of Nottingham has one of the biggest and most diverse study abroad programmes in the UK, and those who have studied abroad often say that it was the highlight of their time as a student.

On this course, you can apply to spend all or part of your second year at the University's campuses in China or Malaysia or take a semester at one of our international partner universities in locations such as Australia, Canada and Singapore. You'll get the opportunity to broaden your horizons and enhance your employability by experiencing another culture and will study similar modules to your counterparts back in Nottingham (teaching is in English).

I was able to study abroad without interrupting my degree and spent time in Malaysia: going on holidays most weekends, living in a village community, and working in Shanghai and Kuala Lumpur. I have everlasting memories from the absolute best months of my entire life and am now far more employable. In fact, most of my job interviews have focused on my experiences in Malaysia!
 

James Day, Finance, Accounting and Management BSc

Find out more.

 

Careers

The Business School's careers and recruitment service provides targeted and bespoke support to help steer students onto a career path of their choice. You will have opportunities to network with top employers throughout your degree, with many of these companies choosing to sponsor prizes for the highest-performing students in different years of study or particular subjects.

Professional accreditation

We are one of an elite global group of EQUIS-accredited business schools. In addition, graduates of this course will obtain exemptions from a number of professional examination papers set by the Chartered Institute of Management Accountants (CIMA), the Association of Certified and Chartered Accountants (ACCA), the Institute for Chartered Accountants in England and Wales (ICAEW) and the Institute of Chartered Accountants of Scotland.

Average starting salary and career progression

In 2015, 93% of first-degree graduates in the Nottingham University Business School who were available for employment had secured work or further study within six months of graduation. The average starting salary was £24,697 with the highest being £40,000.*

* Known destinations of full-time home first degree undergraduates 2014/15. Salaries are calculated based on those in full-time paid employment within the UK.

Careers support and advice

Studying for a degree at The University of Nottingham will provide you with the type of skills and experiences that will prove invaluable in any career, whichever direction you decide to take. 

Throughout your time with us, our Careers and Employability Service can work with you to improve your employability skills even further; assisting with job or course applications, searching for appropriate work experience placements and hosting events to bring you closer to a wide range of prospective employers.

Have a look at our Careers page for an overview of all the employability support and opportunities that we provide to current students.  

 
 

Fees and funding

Scholarships and bursaries

The University of Nottingham offers a wide range of bursaries and scholarships. These funds can provide you with an additional source of non-repayable financial help. For up to date information regarding tuition fees, visit our fees and finance pages.

Home students*

Over one third of our UK students receive our means-tested core bursary, worth up to £2,000 a year. Full details can be found on our financial support pages.

* A 'home' student is one who meets certain UK residence criteria. These are the same criteria as apply to eligibility for home funding from Student Finance.

International/EU students

The University of Nottingham provides information and advice on financing your degree and managing your finances as an international student. The International Office offers a range of High Achiever Prizes for students from selected schools and colleges to help with the cost of tuition fees.

 
 
 

Key Information Sets (KIS)

Key Information Sets (KIS)

KIS is an initiative that the government has introduced to allow you to compare different courses and universities.

How to use the data

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working towards an ACCA (Association of Chartered Certified Accountants) accreditation as well as an undergraduate degree

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Disclaimer
This online prospectus has been drafted in advance of the academic year to which it applies. Every effort has been made to ensure that the information is accurate at the time of publishing, but changes (for example to course content) are likely to occur given the interval between publishing and commencement of the course. It is therefore very important to check this website for any updates before you apply for the course where there has been an interval between you reading this website and applying.

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