Chestnut Education Group

BA (Hons) Accounting and Finance

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Course Duration

36 months

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Delivery Method

Face to Face

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Course Fee

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Delivered & Awarded by

De Montfort University

About this Course

The aim of the Accounting and Finance programme is to provide a degree based upon sound theoretical study that recognises accounting finds its ultimate expression in practice and consequently seeks to develop skills in application, analysis and problem solving.

This ensures it is directly relevant to the needs of the accounting profession and consequently offers an extensive range of exemptions from globally renowned professional bodies that are highly regarded by employers.

Units

Year 1 (Core Modules)

A technically oriented module intended to develop a high level of skill utilising commonly and regularly used financial accounting procedures and techniques. Students will have the opportunity to develop knowledge and understanding of the methods and techniques used by financial accountants to record and present financial information to interested parties. Students will study the principles of double entry book-keeping including year end adjustments and learn how to prepare final accounts for sole traders, partnerships and limited companies. They will also be introduced to the skills required to analyse and interpret financial statements.

This highly applied introductory module is designed to:

  • Develop in the student an interest, knowledge and appreciation of current global economic/business issues and the challenges that they pose for management.
  •  Allow students to examine world business issues with an emphasis upon their financial aspects.
  • Enable the student to analyse and measure real economic/business issues by drawing upon a foundation of theory.
  • Promote an understanding of policy formulation against the background of contemporary economic/business events. Policies of government, companies as well as consumers will be focused upon.

This module will help to facilitate an understanding of the principle legal issues relevant to a person wishing to study accounting and finance. As an introductory module available to students who have not previously studied law information will be provided on major sources of law, namely: case law, statute and delegated legislation and will provide an overview of the court structure. This module will also consider the law of contract including rules of contract formation; contract terms and representations; discharge of contract and remedies for breach of contract. A brief introduction to business entities. This module also considers briefly the nature of liability in tort, with particular reference to liability for professional advice. This module also aims to provide the legal underpinning for the finance and accounting studies in years two and three of the programme.

A highly technically orientated module intended to develop a high level of skill utilising commonly and regularly used Management Accounting procedures and techniques. Indicative module content is likely to include the following:

1. Costing fundamentals – a detailed review of the basics of costing to include, classification, materials, labour and overhead recovery.

2. Decision making – an introduction to marginal costing, contribution theory and simple CVP analysis to include; key factors (scarce resources), special orders, assessing alternative plans, break-even analysis.

This module aims to provide students with the opportunity to develop communication skills, skills that are essential to academic success (e.g. referencing and research skills) and other skills that are transferable to a career in the accounting profession or other employment. Emphasis is placed on employability skills development (e.g. presentations, group work) and practical learning opportunities are offered including considerable IT usage.

The aims of this module are:

1: To be able to apply simple quantitative methods in the analysis of problems arising in a business management context.

2: To be able to apply financial mathematical techniques within a real world context.

Year 2 (Core Modules)

The module examines the accounting process that results in the preparation and production of accounting reports for external use (annual reports), and a critical evaluation of the impact of (UK and International) financial reporting standards upon these reports, using different accounting treatments for selected items. It will also critically examine the theoretical aspects concerning financial accounting and reporting.

The module will allow participants to be able to identify and critically appraise the theoretical and regulatory framework for financial reporting internationally and in the UK.

The module will also examine the problems of profit measurement (creative accounting), and the effect of alternative approaches to income and asset measurement.

Participants will develop skills to assess accounting information needs and appreciate the ways in which information is accounted for and presented.

Companies are a popular way of organising for business and this module examines how and why they are formed, how they are financed and managed and how the law protects minority shareholders. The Companies Act 2000 has significantly reformed company law and introduced a large number of provisions, there is therefore quite a lot of statutory material to look at but lots of interesting case law as well. Every effort is made to link the material to news stories from the corporate world. This module builds on Business Entities in the second year but there is no requirement for students to have studied on this.

Topics of study include; what is a company? Concepts of legal personality and limited liability, how a company is formed; promotion, formation and registration. There will need to be consideration of a company’s constitution, including the Articles of Association in particular, who manages a company and an analysis of the statutory duties of directors. Shares – class rights and shareholders remedies are also studied. Issues in financing the company – equity and debt and maintenance of capital, together with the related issue of insolvency and ways of dissolving a company are also included.

This is a highly technically orientated module looking at various sophisticated accounting techniques, procedures and principles in Management Accounting. The module looks at the sources of data as well as the users of data and the nature of data itself.

This is a highly technically oriented module looking at various sophisticated accounting techniques, procedures and principles in Financial Accounting.

Indicative module content is likely to include the following:

  • Single company published accounts
  • Single company statements of cash flows
  • Consolidated statements of financial position
  • Interpretation of accounts

This module will introduce students to key management and strategic concepts. In particular it will clarify the nature and emergence of management and examine the different ways in which that role has been described. The module will also introduce basic strategic frameworks, as well as examining some of the main theoretical perspectives and how these can complement each other despite being apparently contradictory about the nature of the management task.

This module introduces the theory and practical aspects of managing organisations and the people within these organisations and particularly the formulations and implications of strategic management decisions.

The overall rationale is to introduce students to the role of the manager in the 21st century and how the ideas behind “good management” and the “formulation of strategy” have changed with continuing research and practice.

Year 2 (Optional Modules)

This module will consider the taxation legislation relevant to unincorporated businesses, employees and other individuals who pay income tax or capital gains tax. It will include a mixture of policy and practice relating to the current tax legislation. Consideration will be given to theoretical issues such as the primary objectives of taxation, the underlying principles of an ideal tax and the classification of taxes. The computational emphasis will be on income tax and capital gains tax. In relation to income tax and unincorporated businesses we will consider how we convert the accounting profit to the taxable profit and how relief is given for the investment in non-current assets before completing the end of year income tax calculations. In relation to capital gains tax we will consider the computations to calculate the taxable gain on the sale of various assets including a principle private residence and shares. Towards the end of the year consideration will be given to tax planning. The module will require students to carry out numerical computations, respond by letter to client queries and write reports that evaluate the legislation.

Finance can be simply described as the branch of economic science concerned with the acquisition of money, the allocation and management of money resources, and the maximisation of wealth via optimum investment decision-making. Therefore, by definition, financial decision-making is crucial for all companies as the successful choice of money resources and implementation of investment decisions will secure survival and expansion of the business entity.

This module introduces students to some of the main principles of corporate financial decision-making and their impact in real life financial decisions. Using normative economic theory as the basic philosophical foundation, students are introduced into the three essential parts of corporate finance, namely:-

  •         The financing decisions
  •         The dividend policy
  •         The investment decisions

This module enhances students’ understanding of the corporate financial management process, complements the technical knowledge gained from the study of Equity and Fixed-Income Valuation; and Working Capital Management in year two of their studies. It also introduces the empirical aspect of the mathematical and statistical theories examined in Mathematics for Economists and Statistics and Probability Theory in year one.

The module introduces the nature of organisations, the context in which they operate, the range of business functions and tasks managers need to perform. These are discussed in relation to five key themes- (1) managing operations, supply, and quality; (2) managing marketing; (3) managing human capital; (4) managing change and (5) business ethics and social responsibility. Students are expected to develop and enhance a range of skills required of managers working within a range of business functions and to be effective performing management tasks. This will be achieved through developing group-working skills in diverse and intercultural groups, which will be essential for studying in an international environment and transferring these to the global work environment. Students are encouraged to explore these themes and the implications they have for managers performing tasks in different business functions, across national and international boundaries, and ensuring decisions and actions consider both ethical and environmental issues.

The module will be delivered at a partner institution overseas, as part of the second year of the student’s studies at DMU. It will be taught in a two week block, prior to the commencement of the academic year.

This module is designed to provide students with limited or no previous knowledge of Microsoft Excel an opportunity to understand and apply its functions to produce specific business information.

As a consequence of studying this module, students will be introduced to the vast volumes of raw data business organisations can generate and understand how Business Intelligence (BI), specifically Excel, can assist in making this data more meaningful. This module will provide students the ability to use select excel functions to manipulate data and to create tables and charts which can assist decision making.

Year 3 (Core Modules)

A mixture of highly technical strategic management techniques and a more theoretical view of management accounting fundamentals.

This will entail an examination of the strategic use of management information, a philosophical and judgmental view of management accounting, a review of modern techniques and an examination as to how complex theories are applied in large and economically significant organisations in both the public and private sector.

A highly technical module consisting of a very detailed review and practice of the mechanics of accounting for groups of companies, together with the study of advanced level financial reporting standards and techniques, combines with a consideration of alternative reporting practices.

During this module you will:

  • Review the contexts within which auditing can be seen operating within an organisation and review how the auditors fit into the accounting world.
  • Evaluate and correctly apply the main technical language and practices of auditing.
  • Review and test transactions and other financial events to arrive at an ‘audit conclusion.’*Evaluate contemporary theories and empirical evidence relating to the auditing of financial statements

Year 3 (Optional Modules)

In this module, you will focus on those contexts, theories and practices which are important to financial managers within firms. This module builds on ACFI2303 (Corporate Finance) and ACFI2304 (Equity and Fixed Income Valuation) in your second year. Topics covered in the module include: The efficient market hypothesis (EMH) and shareholder wealth maximisation; Fisher separation and capital budgeting/investment appraisal; firm valuation techniques; raising capital, the importance of capital structure and financial leverage; corporate dividend policy; firm expansion through mergers and acquisition (M&A); risk management, options, and option pricing models; and bankruptcy prediction.

Students are expected to critically evaluate the arguments and evidence presented, using structured and unstructured data that they acquire themselves from a variety of sources. The module requires numeracy skills, an appropriate use of statistics, communication skills, technology skills and team working.

This module will consider the taxation legislation relevant to incorporated organisations and individuals. For companies consideration will primarily be given to corporation tax including; profit adjustment, capital allowances, capital gains, losses and varied periods of account. Value added tax will also be considered from both a theoretical and practical perspective, covering topics such as registration, special schemes and partial exemption. In relation to individuals’ consideration will primarily be given to inheritance tax, which is the taxation paid on the estate at death and on some lifetime transactions. The module also covers tax planning and the variations in taxes paid by different business mediums.

Current issues will be discussed and evaluated including topics such as; green taxes, avoidance and evasion and the latest budget announcements. Students will be required to carry out research, analyse and evaluate the legislation and critically consider the impact of current taxation issues on individuals, businesses and the government from a social, political and economic perspective. It will entail writing reports, responding by letter to client scenarios, carrying out numerical computations and participating in group discussions and presentations.

A module designed to examine the areas of accounting fraud, cyber crime and legal valuations within a context of litigation where the accountant acts as an expert witness or primary investigator liaising closely with lawyers and other legal advisors.

Three themes will underpin the module; Fraud; Cyber Crime. The Accountant as an ‘Expert Witness’. Students will study all themes but could concentrate on one for assessment purposes with the agreement of the module leader.

This module critically examines the position and changing role of accounting, and looks at the broader issues relating to governance and sustainability by examining the role ethics, and the political context of accounting and financial resource allocations. It also examines how the debates surrounding sustainable development may be embraced by the accounting profession.

It also develops the critical and analytical skills in recognising the inter-relationship between accounting and finance and society by examining social, environmental and ethical frameworks in ensuring the efficacy of financial systems. The complexities and stresses of differing business, societal and professional eithical frameworks are examined.

The key aspects of governance and sustainability are separated into two areas: macro governance and sustainability examining the governmental and intergovernmental rules and developments. This includes: how the financial structures of privatisations can induce different business behaviours; and the social impacts of international accounting standards and harmonisation; and how accounting for sustainability encourages transparency and accountability and national and pan national agreements such as requirements of International Financial Institutions (e.g. IMF/World Bank) in return for financial support (aid and/or loans).

Theoretical frameworks are also introduced, such as accountability and stakeholder theory along with a critical analysis of conventional accounting theory.

This module will consider corporate enterprises and their staff in an international environment. It will introduce the major factors influencing the different tax systems worldwide but will use UK tax legislation to underpin the discussions. It will emphasise the critical appraisal of taxation policy and practice and will entail writing reports, researching current issues and carrying out some numerical computations.

This module will look at the ever changing area of financial accounting and corporate reporting. It will consider the different approaches to developing accounting rules and regulations used across the world as well as technological and reporting developments which have been implemented recently or are currently in discussion.

It will also consider the impact of globalisation and the internationalisation of the accounting market on the stakeholders of a business.

Liquidity and Financial Risk Management represents two of the most important areas of treasury management within organisations. Successful planning and application of these two interrelated functions will make the difference between the efficient utilization of financial resources and survival for the business; and/or, the creation of financial distress and potential bankruptcy.

This module introduces students to the key concepts of liquidity and financial risk management and all the principal methods that assist companies in eliminating such risks. In the first half of the module, students will be exposed to the basic principles of treasury management such as treasury structures and processes, liquidity management, short-term and medium-term financing; and cash forecasting and planning.

In the second half, students will be exposed to the key aspects of risk management, such as the theories and problems caused by exchange rates fluctuations and interest rate movements, the process of internal and external exposure management as well as introduced to the financial derivative instruments and their use in both exchange rate and interest rate exposure management.

This module will cover a series of themes, which together lead to effective strategic management and the proper development of an organisation within a strategic environment in dynamic times.

ACFI3213 will examine the strategic management process, including the financial outcomes of the process, to develop and deliver a strategy.

This module has a significant hands-on element to allow students to put theory into practice. Tutorials will predominantly be based around organisational case studies and scenarios that present many of the managerial and strategic issues seen by businesses in the real world. The module assignment requires students to build a business case, including the financial case, for a significant investment in a young business. This allows students to utilise the strategic management skills gained from the ACFI3213 module and also put their accounting skills into action through the production of the main financial statements.

The ACFI3213 examination will test both the academic evaluation and practical application of the syllabus content with part of the examination based upon a pre-seen case study and part on stand-alone academic questions.

The ACFI3213 module can provide a good grounding for students in preparation for the CIMA E3 and ACCA P3 professional examination papers.

The financial crises and subsequent debt crises in governments has led to an unprecedented period of reform internationally in the area of public finances. This module examines accounting and financial management in the public sector within the context of the current world situation.

It develops the critical and analytical skills in recognising the inter-relationship between accounting and finance and government policy.

It focuses on technical issues relating to the changing public sector and how the financial and accounting systems support government policy and changes.

It examines the role of the financial professional in the public sector who must operate and advise governments of all political persuasions and therefore concentrates on how the systems operate and the rationales for change.

The models will be international in nature but primarily based on UK political system. The assessments will allow students to consider examples from outside the UK and examine the international and global contexts of developed and developing economies.

By the end of the module you will be in a position to understand the different approaches to managing public finances.

About De Montfort University

Based in the heart of Leicester, the De Montfort University is a 21st century university that strives to build the type of talented individuals that employers look for: professional and work-ready graduates. DMU offers the best to its students, with UK and overseas placements, targeted training, internships, coaching, research opportunities and lifelong support. DMU was named the fifth best university for overall teaching excellence and the university’s lecturer panel has excelled in the National Teaching Fellow awards.

Entry Requirements​

  • A typical offer is 112 UCAS points. You need to study at least two subjects at A Level or equivalent (eg BTEC)
  • Five GCSEs grades A–C including English Language and Maths
  • Pass Access with 30 Level 3 credits at Merit (or equivalent)
  • English (Language or Literature) and Maths GCSE required as separate qualifications at grade C
  • We will normally require students to have had a break from full time education before undertaking the Access course
  • International Baccalaureate: 26+ Points.

Mature students

  • We welcome applications from mature students with non-standard qualifications and recognise all other equivalent and international qualifications.

English language

  • If English is not your first language, an IELTS core of 6.0 (including a minimum of 5.5 in each component) or equivalent is normally required.

BA (Hons) Accounting and Finance

Develop your understanding of key areas in business law and international business law.

Delivered & Awarded by

De Montfort University

Duration

36 months

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