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

This course provides a comprehensive undergraduate education in finance and accounting, coupled with a fully integrated understanding of the theory and practice of management in different organisations. In particular, the degree provides a strong interdisciplinary core of material in accounting and finance theory and practice, focusing upon the modern firm and its financial environment.

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, strategic management, micro economics, quantitative methods and econometrics. In addition there are also two optional modules.

Year three 

The final year has the greatest focus on the study of the finance discipline and 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 BSc (Hons) Finance, Accounting and Management, BSc (Hons) Management, BSc (Hons) Accountancy and BSc (Hons) Industrial Economics 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.

Whichever degree you choose, you will also have the chance to select a number of optional modules alongside your core subjects, enabling you to tailor your degree to your particular interests.

The range of subjects is extensive and includes modules in accounting and finance, business law, entrepreneurship, marketing, information systems, organisational theory, operations management, industrial economics, strategic management, human resource management and business ethics. For the majority of programmes, options can also be selected from other schools in the University.

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). The CII accreditation also includes the Industrial Economics programme.

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

Compulsory

Business Finance

In this module you will develop an understanding of some of the central aspects of finance, including the relationship between the risk of an investment and expected returns, the concept of the time-value of money, and the fundamentals of portfolio theory.

By the end of the module, you will be able to apply NPV to project appraisal in realistic scenarios, and estimate the cost of capital for bonds and equity. This module is delivered through a weekly two-hour lecture, with three weeks of single one-hour tutorials.

 
Business Law A

This module will introduce you to aspects of business law within a UK legal framework. You will develop an understanding of major issues, such as the impact of EU legislation, Law of Contract, Tort Law, Employment Law, and law in a global context. The teaching is delivered through a series of two-hour lectures each week, with four weeks of one-hour seminars.

 
Business Law B

Building on the knowledge gained in Business Law A, this module goes on to consider legal topics such as agency, legal personality, management and the administration of a company, and insolvency. This module consists of a two-hour lecture each week, with four weeks of single one-hour seminars. 

 
Computers in Business

This module will introduce the use of computers and IT in business today, with an emphasis on spreadsheet modelling. By the end of the module, you will have developed knowledge of the development, management, and exploitation of information systems and their impact on organisations, as well as of the comprehensive use of relevant systems for application in business and management.

The module is delivered through a combination of two weekly one-hour lectures, with four weeks of one-hour computing sessions, and a one-off workshop and tutorial.

 
Entrepreneurship and Business

This module presents a formal analysis of entrepreneurship in theory and practice leading on to a consideration of creativity and business concept generation. You will have 11 two-hour lectures with the module concluding with the practical application of these theories and concepts in a business planning and business concept presentation. 

 
Financial Accounting

This module will introduce you to key accounting concepts, including the impact of accounting policy selection on profit, accounting standards, and the recording and collecting of accounting information. You will develop accounting reports, such as balance sheets and cash-flow statements, alongside knowledge of some contemporary accounting issues. This module is delivered through a one-hour lecture and a one-hour seminar each week.

 
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 

The module aims to introduce the techniques of management accounting and how they assist in management decision-making.

 
Microeconomics for Business A

This module will introduce you to microeconomic aspects of the market and the firm. Topics will include market demand, supply and equilibrium, firm production and costs, market structure, and oligopoly and monopoly. The teaching consists of a two-hour lecture each week, with three weeks of single one-hour seminars.

 
Microeconomics for Business B1

This module aims to develop your understanding of important economic concepts, including: exchange and trade, consumer theory, factor markets and welfare economics. You will have ten two-hour lectures and three one-hour seminars.

 
Organisational Behaviour

This module will introduce students to the basic ideas of organisational behaviour. The content will encourage them 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.

The module aims to introduce students to the basic ideas and concepts of organisational behaviour.

 
Quantitative Methods 1b

In this module you'll study key mathematical and statistical techniques and their application to problems and data including: economic application of calculus; confidence intervals; introduction to hypothesis testing; partial differentiation, optimisation of two variables, probability, random variables and sampling distributions. Over the course of this module you'll have ten two-hour lectures and eight workshops.

 

Optional

Insurance in a Risky World

This module provides you with an introduction to the demand for and supply of insurance. The module examines how insurance markets operate to satisfy commercial and individual customers' demand for protection against risk, and would usually include topics such as private and social insurance, the historical development of insurance, the supply of insurance, Lloyd's and the London Insurance Market, how insurance is distributed to consumers, the role of insurance in the economy, international aspects of insurance and insurance and catastrophes.

 
Introduction to Business Operations

This module will introduce you to the scope and importance of operations management in both service and manufacturing businesses. The content of the module will be explored using a variety of management games and includes how IT and knowledge management is used to support operations, strategies for success in manufacturing operations, planning and forecasting, infrastructure development, how to gain competitive advantage through the effective management of the supply chain, the virtual enterprise, and achieving, managing and measuring quality. You will have 11 90-minute lectures and two one-hour seminars.

 
Origins and Development of the UK Economy

The module provides an analysis of a range of themes, issues and episodes which have shaped the development of the UK economy since the commercial revolution. Among the topics addressed are: the changing balance in activity across industries and sectors, the evolving characteristics of UK industry and commerce, changing patterns of trade, the role of individuals, the government and business organisation in the economy and the relationship between the UK and the imperial and global economy.

You will have six two-hour lectures, five one-hour lectures, and five one-hour seminars. 

 
Quantitative Methods 1a

This module introduces you to the mathematical prerequisites for the understanding of the quantitative components of economics and business. You will have one two-hour lecture per week for ten weeks and eight one-hour workshops (one per week).

 
Tourism Futures: the Challenge of Sustainability

This module interweaves the various disciplines of tourism studies, to provide an understanding of how tourism fits into what may be described as postmodern society. It also explores the historical origins of the tourism industry, assesses the role of tour operators, as well as the internet and other media in providing postmodern tourist experience.

The module analyses the challenge of sustainable transport options, 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

Compulsory

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 and enterprise resource planning systems. You'll have 11 one-hour lectures and four two-hour laboratory sessions. 

 
Computational Finance

This module will provide you with the skills and ideas necessary to implement basic computational approaches to financial problems. The module stresses the fundamentals of finance; provides you with a knowledge and understanding of the key finance subjects such as money market, return metric, portfolio models and asset pricing models. It equips you with the essential techniques applied in financial calculations. 

 
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. You will have 11 90-minute lectures and two one-hour hands-on teaching on database skills.

 
Financial Management

This module will develop a critical understanding of the theory and practice of corporate financial management and will introduce you to the corporate investment and financing decision as well as the interaction between the investment and financing decision.

 
Financial Reporting

This module will pay particular attention to the application of financial reporting principles by listed companies and the impact of International Financial Reporting Standards. You'll have 11 90-minute lectures and two one-hour seminars to study for this module. 

 
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. You will have two one-hour lectures for nine weeks or examples classes per week and five one-hour formative computer lab tests.

 
Macroeconomics for Business

This module allows you to explore the nature and scope of the macroeconomic policy agenda, and develops the analytical frameworks necessary for the evaluation of policy instruments.

The module enables you to understand the economic arguments that under-lie different views and to evaluate relevant arguments. You'll have nine two-hour lectures, one one-hour lecture, and three one-hour tutorials.

 
Management Accounting and Decisions II

This module will develop skills in the computational aspects of management accounting and explore the relevance, significance and applicability of such techniques.

The aim of this module is to explore the role of traditional and contemporary management accounting in a range of different organisational environments.

 
Management Strategy

This module focuses on the strategic dimension of marketing with reference to the ways in which organisations compete with different product-market offers. There is an emphasis on the processes involved in the development of a marketing strategy and the ways in which such strategies evolve. You'll have 11 90-minute lectures and two one-hour seminars.

 
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. You'll have ten two-hour lectures and eight one-hour workshops.

 

Optional

Corporate Entrepreneurship and Innovation Management

This module develops an understanding of corporate entrepreneurship and an appreciation of how larger firms can be designed to be more entrepreneurial, flexible and innovative. You'll have 11 90-minute lectures and two one-hour seminars. 

 
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, policy for innovation. You will have 11 90-minute lectures and two one-hour tutorials.

 
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 and pricing under uncertainty. Over the course of the module you will have 11 90-minute lectures and two one-hour seminars.

 
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.  

The module aims to convey knowledge to students and expose them to a learning process involving teamwork experience in research and writing of reports.

 
Marketing Strategy

This module focuses on the strategic dimension of marketing with reference to the ways in which organisations compete with different product-market offers. There is an emphasis on the processes involved in the development of a marketing strategy and the ways in which such strategies evolve. You'll have 11 90-minute lectures and two one-hour seminars.

 
Risk Management Decisions

This module will help you understand the different aspects of corporate risk, including the negative impact of risk on the stakeholders of a modern organisation, the risk-creation process in an organisation, and the nature of value-creating risk management decisions. This module is delivered through a 90-minute lecture each week, with two weeks of single one-hour seminars.

 
Technology and Organisation

This module will examine a number of technologies , including cloud computing, 3D printing, nanotechnology, genetic modification, synthetic biology, artificial intelligence, robotics, genetic medicine and bioprinting, in the context of wider sustainability issues. In doing so it will explore the broader themes of convergence, technological determinism, transhumanism and the Singularity.  

The module aims to examine the technologies that organisations will use in the future and why, and in particular to address how new technologies may play a key role in sustaining organisational operations and industrial civilization.

 
 
 

Typical year three modules

Compulsory

Advanced Financial Reporting

You'll study topics such as: accounting conceptual framework, accounting measurement and recognition issues. Teaching will be delivered through 11 one-hour lectures and two two-hour seminars.

 
Auditing, Governance and Scandals

In this module you'll develop an 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. You'll have ten two-hour lectures and three one-hour seminars to cover material in this module. 

 
Business Ethics

This module explores the relationships between business and society through the theories and practices of business ethics and social responsibility. You will begin by looking at the concept of business ethics, discussing citizenship theory and the challenges of globalisation, before going on to discuss the impact of businesses on individual stakeholder groups and analysing business ethics and social responsibility in relation to each group.

This module consists of a one-hour lecture each week, with four one-hour seminars.

 
Corporate Finance

This module aims at developing your knowledge of financial decision-making and strategic financial decisions, including mergers and takeovers, providing the conceptual framework and analytic tools necessary to understand corporate financial management. This module consists of weekly one-hour lectures, with two weeks of two-hour seminars.

 
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. Over the duration of the module you will have 11 one-hour lectures and two two-hour workshops.

 
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

The aim of this module is to build on the theme of management accounting change introduced in Management Accounting and Decisions II and highlight the importance of management accounting information as an aid to strategic decision-making. It offers a critical review of management accounting techniques and new forms of performance management. This module consists of a weekly one-hour lecture and two weeks of one-hour seminars.

 
Management Accounting and Decisions IV

You'll develop your understanding of the aims and objectives of management accounting and more advanced issues in management accounting, including scholarly research into the same. Teaching will be delivered through 11 one-hour lectures and two two-hour seminars.

 

Optional

Applied Econometrics

The module will provide an introduction to econometric techniques for modelling data. Topics to be covered include panel data modelling, qualitative response models and time series models. You will have 11 one-hour lectures and four one-hour small group computer workshops.

 
Corporate Restructuring and Governance

The aim of this module is to introduce you to the analysis of different forms of corporate restructuring, with a focus on the internal and external factors influencing restructuring as well as the effects of restructuring on a variety of firm level outcomes. It examines the antecedents and consequences of corporate restructuring and 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

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

The module aims to develop an understanding of the main issues relating to the regulation of industries and competition policy, and to apply economic reasoning in a critical manner to regulated industries and competition policy cases.

 
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. You will have 11 one-hour weekly lectures and four one-hour seminars at regular intervals during the module.

 
Law and Economics

This module provides an insight into the law and legal processes which have arisen from the application of economic analysis, as well as exploring the applications from the law of tort, contract and commercial law. Teaching will take place through 11 one-hour lectures and two two-hour tutorials for this module.

 
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. You will have 11 two-hour lectures and two one-hour seminars to study material for this module. 

 
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.

This module explores issues at the interface of marketing and society including:

  • Macro-marketing Issues
  • How the changing political, economic and social environment is affecting marketing decision making
  • Responsible and sustainable marketing
  • Consumer rights, responsibilities and resistance
  • Issues of the consumer society  
 
Risk, Information and Insurance

You'll examine individual decision-making under conditions of risk and uncertainty, and investigate the effectiveness of insurance as a means of controlling risk. You will have 11 one-hour lectures and two two-hour tutorials.

 
 
 

 

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. This list is an example 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

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.  

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), and the Institute for Chartered Accountants in England and Wales (ICAEW). Graduates will also receive recognition from the Chartered Insurance Institute (CII).

Average starting salary and career progression

In 2014, 92% of first-degree graduates from 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 £24,803 with the highest being £60,000.*

* Known destinations of full-time home and EU first-degree graduates, 2013/14.

 
 

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.

Home students*

There are several types of bursary and scholarship on offer. Download our funding guide or visit our financial support pages to find out more about tuition fees, loans, budgeting and sources of funding.

To be eligible to apply for most of these funds you must be liable for the £9,000 tuition fee and not be in receipt of a bursary from outside the University.

* 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.

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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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