Accountancy BSc

   
   
  

Fact file - 2019 entry

Qualification
BSc Hons Accountancy
UCAS code
N410
Duration
4 years full-time
A level offer
AAB
Required subjects
GCSE maths, 5 (B) or above, and two further GCSEs, 4 (C) or above
IB score
34
Course location
Course places
60
School/department
 

Overview

As one of only three Flying Start courses in the UK, BSc Accountancy offers an innovative and challenging opportunity to fast-track your accountancy career.
Read full overview

It is run collaboratively by the Business School, the Institute of Chartered Accountants in England and Wales (ICAEW) and prestigious accounting firm PricewaterhouseCoopers (PwC). You will benefit from the Business School's teaching, insight and unique international experience, alongside leading professional practice during your time on placement with PwC.

You will qualify for exemptions from the Professional stage papers for ICAEW's Associate Chartered Accountant qualification, and can become a fully qualified chartered accountant a year after graduation, subject to successfully completing the Advanced stage papers as required by ICAEW.

Nottingham University Business School is recognised as an ICAEW Partner in Learning, working with ICAEW in the professional development of students.

Year one

Your first year on the BSc Accountancy programme serves as a broad foundation to the study of a range of business disciplines, including modules in financial accounting, assurance, principles of taxation, business law, microeconomics, macroeconomics, quantitative methods, organisation studies and business computing.

During your first year, you will also be liaising with PwC to identify which office you will work in over the next three years.

Year two

After taking a block period of study in early September on audit and assurance, you will spend September to December on a paid placement with PwC. The office you are based in will be your office for the rest of the time on the programme, which will help you make friends and build lasting relationships with others who work in the same office.

While on placement, you will be working on real client work, applying the knowledge you have learnt earlier in the course. You will return to your studies in January, where you will take modules on tax compliance, financial accounting and reporting, financial management and management strategy.

Year three

You will start year three undertaking another block of study in early September on business planning for taxation. Following this, you will spend September to December on a further paid placement with PwC, where you are likely to be taking on more complex work.

You will return to your studies in January, where you will take modules on financial markets, financial accounting and reporting, business ethics, corporate finance and management accounting and decisions.

Year four

Starting your final year in September, you will study modules on contemporary issues in accounting. You will then be able to take a further four optional modules chosen from subjects such as management accounting and decisions, risk management decisions, human resource management, entrepreneurship, corporate restructuring and governance and financial markets.

You will also be able to undertake a dissertation as an optional module if you wish. Your studies with the University will conclude in January and you will then undertake your final paid placement with PwC from January to May.

Student profile

I'm looking forward to putting the knowledge I’ve gained in lectures and seminars into action on my PwC placement in London.
 

Kira Eilfield, BSc Accountancy

Key facts

  • This course includes paid work placements with PwC and secondment opportunities to overseas offices and other parts of PwC's business
  • You may be eligible for exemption from the Professional stage papers for the ICAEW's Associate Chartered Accountant qualification
  • You can become a fully qualified Chartered Accountant a year after graduation (having successfully completed the Advanced Stage papers of the ICAEW's Associate Chartered Accountant qualification)
  • One of the UK's leading centres for management education, part of an elite group of global EQUIS accredited business schools
  • Nottingham University Business School is recognised as an ICAEW Partner in Learning
 

Entry requirements

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

GCSEs: GCSE maths, 5 (B) or above, unless taking it at A level and two further GCSEs, 4 (C) or above

Understand how we show GCSE grades

English language requirements

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

For details of other English language tests and qualifications we accept, please see our entry requirements page.

If you require additional support to take your language skills to the required level, you may be able to attend a presessional course at the Centre for English Language Education, which is accredited by the British Council for the teaching of English in the UK.

Students who successfully complete the presessional course to the required level can progress onto their chosen degree course without retaking IELTS or equivalent.

International applicants

For country-specific information including entry requirements, contact details and representatives, see our website. If you need a visa to study, the University can provide all the information and advice you need.

Mature students

At the University of Nottingham we have a valuable community of mature students and we appreciate their contribution to the wider student population. You can find lots of useful information in our guide for mature students.

Alternative qualifications

Our admission process recognises that applicants have a wealth of different experiences and may have followed various educational pathways. Please 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

Selected applicants will be invited to an assessment day which includes a group exercise and an individual interview before a decision is made on an offer.

All applicants who are made an offer are invited to visit the Business School and meet members of staff and students at our offer holder events.

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.

Please note we do not accept entry, or transfer from another university, into year two or above on any of our undergraduate degrees.

 
 

Modules

The following is a sample of the typical modules that we offer as at the date of publication but is not intended to be construed and/or relied upon as a definitive list of the modules that will be available in any given year. Due to the passage of time between commencement of the course and subsequent years of the course, modules may change due to developments in the curriculum and the module information in this prospectus is provided for indicative purposes only.

The below modules are designed to give you a flying start towards becoming an ICAEW Chartered Accountant and in many cases, if you pass the module you will gain credit for ICAEW Certificate level and Professional level modules.

Typical year one modules

Core modules

Assurance

This module will cover:

  • process of assurance
  • introduction to internal control (including revenue and purchases systems)
  • internal audit
  • audit sampling
  • substantive test
  • independence, objectivity and integrity
 
Business Finance

This module provides an introduction to the fundamental concepts of finance and will help you:

  • 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

This module will introduce you to:

  • 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
 
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.

 
Economic Principles

This module introduces you to the microeconomic theory of the market, firm and consumer and to the nature and scope of the macroeconomic policy agenda, developing the analytical frameworks necessary for the evaluation of policy instruments. The module enables you to understand the economic arguments that underlie different views and to evaluate relevant arguments.

Topics include: market demand, supply and equilibrium; firm production and costs; market structure (perfect competition, oligopoly, monopoly); consumer theory; market failure; asymmetric information; externalities; aggregate demand; money and interest rates; aggregate supply; unemployment and inflation; balance of payments and exchange rates.

This module provides you with the opportunity to apply for CIMA accreditation in the CIMA paper: Fundamentals of Business Economics. It also provides you with the foundations to build upon in quantitative and econometric modules which provides you with the opportunity to apply for additional CIMA accreditation.

 
Fundamentals of Financial and Management Accounting

This module covers:

  • key accounting concepts
  • the impact of accounting policy selection
  • the recording and collating of accounting information, including double entry bookkeeping
  • preparation of financial statement from accounting data
  • cost concepts and allocation of manufacturing overheads
  • absorption and variable costing
  • cost-volume-profit analysis
  • relevant costing
  • budgeting
 
Principles of Taxation

This module covers:

  • introduction to income tax
  • employment income
  • national insurance contributions
  • corporation tax
  • trading profits and basis of assessment
  • capital allowances
  • capital gains tax (individuals)
  • value added tax
 
Quantitative Methods 1B

This module covers:

  • economic application of calculus
  • confidence intervals
  • introduction to hypothesis testing
  • partial differentiation
  • optimisation of two variables
  • probability
  • random variables
  • sampling distributions
 

One from:

Quantitative Methods 1A

This module introduces you to:

  • numbers
  • algebra
  • functions
  • equations
  • exponents
  • logarithms
  • descriptive statistics
  • differentiation
  • optimisation
  • integration
 
Work and Society

The module explores the nature of work and society. The module will look at the development of our understanding of work and society. The development of the industrial and the post-industrial society will be explored and its impact on the nature of work, organisation and management.

There will be a historical and critical review of the schools of thought and key writers. Examples of research into individual and group experiences of work, organisation and management will be discussed.

 
 

Typical year two modules

Core modules

Audit and Assurance (taken as a block module in September)

This module provides an in depth consideration of critical aspects of an assurance engagement, including acceptance, planning, managing, concluding and reporting.

 
Corporate Finance

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

 
Financial Accounting and Reporting I

This module covers reporting framework, concepts and ethics, preparation of single entity and consolidated financial statements, and application of international financial reporting standards.

 
Tax Compliance

This module will develop your understanding of:

  • income tax
  • inheritance tax
  • national insurance contributions
  • corporation tax
  • capital gains tax (individuals)
  • value added tax and stamp taxes
  • ethics and law
 

Plus a paid work placement with PwC from September to December.

 

Typical year three modules

Core modules

Business Planning: Taxation

The module covers:

  • ethics
  • income tax and NIC
  • employee remuneration
  • unincorporated businesses
  • capital gains tax
  • capital gains tax reliefs
  • inheritance tax
  • personal tax - international aspects
  • the taxation of trusts
  • corporation tax for a single company
  • raising finance
  • corporation tax losses
  • anti-avoidance
  • group relief and consortia
  • chargeable gains groups
  • international expansion
  • corporate anti-avoidance
  • VAT and stamp taxes
  • choice of business structure
  • transformation of owner-managed business
  • corporate re-organisations
 
Financial Accounting and Reporting II (taken as a block module in September)

This module covers reporting framework, concepts and ethics, preparation of single entity and consolidated financial statements, and application of international financial reporting standards.

 
Management Accounting and Decisions

This module will introduce:

  • activity based costing
  • process costing
  • transfer pricing
  • the changing role of the management accountant
 
Strategic Management and Competitive Advantage

Content to be confirmed.

 
 

Optional modules

One from:

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.

 
Economics of Corporate Strategy

The aim of this module is to introduce you to the economic view of firms, highlighting the implications for firms' decisions. The module will cover topics such as agency theory, transaction cost economics, horizontal and vertical integration and diversification.

 
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.  

 

Plus a paid work placement with PwC from September to December.

 

Typical year four modules

Core modules

Contemporary Issues in Accounting

The module will consist of a range of topical issues from accounting, finance and taxation which build upon the knowledge gained in these areas in the degree so far.

 
Professional Practice

An introduction to a variety of models and exemplars to support you in understanding and articulating your personal learning style and negotiation of the journey from new undergraduate to BSc Accountancy graduand.

This is the final module undertaken in the degree. It emphasises the employability skills and professional development aspects of the programme and also requires you to reflect upon the integrated placement segments of the programme.

 

Plus 40 credits of approved optional modules.

Optional modules

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.

 
Exploring Perspectives in Entrepreneurship

Content to be confirmed.

 
Financial Markets

This module examines the workings of the major financial markets. Markets for equity and debt are dealt with (money and foreign exchange markets are also the focus) as are markets for derivative instruments. The module covers the key theoretical models of modern finance, key market conventions and mechanisms, financial risk management with derivative instruments.

 
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
  • foreign trade 
 
Law and Economics

This module covers:

  • introduction to law and economics: the Coase theorem, property rights and transaction costs
  • economics of 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
 
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.

 
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.

 

Plus a paid work placement with PwC from February to May.

 
 
 

Paid placements

PWCOffered in collaboration with one of the 'big four' accountancy firms, PricewaterhouseCoopers (PwC), this course includes paid work placements. You'll spend part of your second, third and fourth years at PwC and there are also opportunities to work in other parts of the business as well as in the firm's international offices.

If you graduate with a 2:1 or higher, PwC may offer you a full-time position at Senior Associate level.

Our accreditation from the Institute of Chartered Accountants in England and Wales (ICAEW) also means that you'll be exempt from a number of the exams required to become a Chartered Accountant.

I'd recommend this course for the combination of work placements and university life, achieving accreditation from the professional qualification and a potential job with PwC at the end.
 

Kira Eilfield, BSc Accountancy

 

Careers

The Business School's careers and recruitment service provides targeted and bespoke support to help steer you onto a career path of your 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

ICAEW

Nottingham University Business School is recognised as an Institute of Chartered Accountants in England and Wales (ICAEW) Partner in Learning, working with ICAEW in the professional development of students.

Successful completion of the programme will lead to you completing 80% of the ICAEW Chartered Accountancy modules along with relevant practical work experience that will count toward your training agreement.

Employability and average starting salary

If you graduate with a 2:1 or higher, PwC may offer you a full-time position at Senior Associate level, where you will earn an average salary of around £25,000.

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

Our International Baccalaureate Diploma Excellence Scholarship is available for select students paying overseas fees who achieve 38 points or above in the International Baccalaureate Diploma. We also offer a range of High Achiever Prizes for students from selected countries, schools and colleges to help with the cost of tuition fees. Find out more about scholarships, fees and finance for international students.

 
 
 

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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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