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Accounting and Finance BA (Hons)

Unistats

What is Unistats?

Key Information Set (KIS) Data is only gathered for undergraduate full-time courses. There are a number of reasons why this course does not have KIS data associated with it. For example, it may be a franchise course run at a partner college or a course designed for continuing professional development.

Overview

This Bachelors degree course covers all key aspects of business finance and financial accounting.

9 reasons to study here

Great teaching: No.1 London University and No.4 in the UK overall for Accounting and Finance (Guardian League Table, 2018).
Award winning: LSBU Business School picked up the award for Accountancy College of the Year- Public Sector at the PQ Magazine 2017 awards.
Happy students: No.1 university in the UK for Student Experience in Accounting and Finance, Sunday Times League Table 2017.
Professional certification: Become a part-qualified accountant with exemptions from ACCA, CIMA and ICAEW.
Professional links: Up to 9 exemptions from professional body examinations.
UK ranked: Ranked No.5 in the UK for ‘teaching on my course’ in Finance (National Student Survey 2017) .
High career salaries: Senior chartered accountants can learn up to £135,000.
Fast track: AAT Level 3 direct entry into Year 1 and AAT Level 4 and ACCA F1-F3 direct entry into Year 2.
Digital skills: Access to the software widely used in industry: Bloomberg, Thomson One Banker, SAGE, Blueprint, FAME, Nvivo and SPSS.

This degree course covers...

You'll learn the theory, processes and tools that allow businesses and organisations to strategically manage financial information. The course covers:

  • financial auditing
  • tax and taxation
  • corporate finance
  • bookkeeping
  • banking
  • company law
  • economics

Professional accreditation

The course accreditations provide the opportunity to become a part-qualified accountant by giving you the opportunity to gain maximum exemptions (9) from (ACCA) Fundamentals level, 5 exemptions from (CIMA) and 7 exemptions from (ICAEW).

Accreditations

Key course information - ordered by mode
Mode Duration Start date Location
Mode
Full-time
Duration
4 years (sandwich)
Start Date
January; September
Location
Southwark Campus
Mode
Full-time
Duration
3 years
Start Date
January; September
Location
Southwark Campus

Case studies

Modules

Year 1

  • Concepts of Management You’ll be introduced to personal development planning, which will help you to identify your goals and, ultimately, to achieve your aims. You’ll accomplish this by taking part in a structured coaching process, developing key skills, mathematical techniques and acquiring the knowledge you will need to succeed on an academic economics course or in a professional business environment.
  • Financial accounting fundamentals
    This module will introduce you to the fundamentals of the regulatory framework of accounting, together with the qualitative characteristics of useful accounting information. It will also develop your knowledge and understanding of the underlying principles and methods used in the recording of financial data, and the preparation and presentation of financial statements. Assessment methods: 50% coursework, 50% exam. 
  • People and organisations
    This module will give you an appreciation of the complexities of understanding people and behaviour within organisations. The module will cover theories of organisational behaviour and people management practices. You'll develop an understanding of how and why individuals behave in specific ways in the workplace. Assessment method: 100% coursework.
  • Business economics
    This module will introduce a range of essential economic concepts and methods and show how these can be applied to understand the world around us. The emphasis of the module is upon the business applications of economics in facilitating the decisions of managers, entrepreneurs in a variety of situations including pricing, advertising, financing, market entry, and product developments. The module will also consider the implications of the macro economy on the operations of modern firms. Assessment method: 100% coursework. 
  • Management accounting
    This module will introduce you to the basic principles and practices of management accounting. It will enable you to identify how management accounting techniques can be used to support the management processes of planning, controlling and decision-making. This module will cover cost accounting principles, conventions and practices as applied to the ascertainment of costs, and the analysis, interpretation and presentation of cost information. Assessment methods: 50% coursework, 50% exam.
  • Principles of marketing
    This module will introduce you to the theories and practices of marketing, providing you with an underpinning in the subject for further studies at Levels 5 and 6. It acts as an introduction to the basic principles of marketing from which other modules can develop. These principles include the marketing environment, the marketing mix, marketing research and buyer behaviour. Assessment method: 100% coursework. 

Year 2

  • Financial accounting and analysis
    This module will build upon the fundamentals of accounting studied at Level 4 to develop your ability to prepare and present published financial statements, applying current International Financial Reporting Standards for a single entity and simple business combinations. The module will also develop your knowledge and understanding of the interpretation of financial statements. Assessment methods: 40% coursework, 60% exam. 
  • Advanced management accounting
    This module will introduce you to more advanced and specialised management accounting topics as applied to decision-making and performance management. It will help you understand and analyse the systems used by organisations to measure and manage their performance and to implement their strategies in a changing environment. Traditionally management accounting and budgetary control systems served this function; more recently, other techniques have been proposed, such as the balanced scorecard. The module will encourage you to consider why organisations measure, and what the characteristics of good measures and good measurement systems are. Assessment methods: 40% coursework, 60% exam. 
  • Employability skills for accountants
    This module covers two key but different areas related to employability. Firstly, this module will enhance your employability prospects by developing your career management skills. Secondly, it will give you the opportunity to work with and develop skills in accounting software and apply the fundamental technique of bookkeeping. It will also help prepare you to apply for and carry out a placement year in industry. Assessment method: 100% coursework. 
  • Business and company law
    This module will give you the opportunity to study the general principles of Business and Corporate Law. It will also introduce you to the English Legal System and the general principles of English Law, which have a major impact in the business environment in which accountants operate. Assessment methods: 40% coursework, 60% exam. 
  • Fundamentals of finance
    This module is an introduction to the basic principles of finance and financial decision-making. It will provide you with an elementary knowledge of finance, as well as highlighting the essential links between accounting and finance concepts. You'll thus be provided with a firm foundation in the theoretical and practical aspects of financial decision-making. Assessment methods: 40% coursework, 60% exam. 
  • Taxation fundamentals
    This module focuses on the computation of tax liabilities of individuals, including employees and self-employed persons, as well as unincorporated businesses, companies, and groups of companies. Assessment methods: 40% coursework, 60% exam. 

Year 3 (optional placement year)

When you complete a placement year, you'll be awarded a differentiated degree entitled BA (Hons) Accounting and Finance (with Placement). The assessment of the placement is designed to support and accredit your experience by formalising your personal development outcomes, and by contextualising your prior learning.

The production of evidence to a relevant professional body, which includes a minimum of two workplace visits over the year, will provide you with a supportive structure to work in. Regular online contact with tutors, peer-contact and placement support will be maintained throughout the year.

Assessment method: 100% coursework. 

Year 4

  • Accounting and finance theories and issues
    This module will give you an appreciation of the relevant issues that describe and underpin the modern accounting profession. In the context of Accounting and Finance, you'll develop your skills in critical thinking, creativity and the use of information technology to identify and effectively present information. You'll also develop your skills in accurate and complete referencing of the work of other authors, and in learning through reflection on your own practices and experiences. Assessment method: 100% coursework. 
  • Managerial finance
    This module is about managing the finance function in a business enterprise by making value-maximising strategic financial decisions. Financial value is a function of cash, time and opportunity cost – all key factors that financial managers need to consider when allocating scarce resources to competing uses. Since value maximisation requires the optimum balance of return and risk, the management of risk will be an important theme of this module. The module will adopt an international perspective throughout. Assessment methods: 40% coursework, 60% exam. 
  • Financial reporting
    This module develops your skills in understanding and applying accounting standards in the preparation of financial statements. The module covers the preparation of financial statements for individual reporting entities. It covers the key technical aspects of corporate reporting and addresses theoretical issues such as earnings management and the arguments for and against regulation of corporate reporting. Assessment methods: 40% coursework, 60% exam. 
  • Audit and assurance
    This module will allow you to develop your knowledge and understanding of the process of carrying out the assurance engagement and its application in the context of the professional regulatory framework. This module will also allow you to explain the nature and purpose of internal audit, and describe its role as part of overall performance and its relationship with external audit. In addition, this module will explore the evaluation of information systems, internal controls, audit evidence, audit planning and the audit report. Assessment methods: 40% coursework, 60% exam. 

Plus two electives from:

  • Advanced corporate reporting
    This is an elective module. The first part of the module looks at the use of accounting information to predict corporate failure, and will expose you to some of the techniques used by researchers to measure the value relevance of corporate disclosures and announcements. The second part of the module covers the advanced aspects of accounting for business combinations, and will introduce you to some of the contentious areas of financial reporting, such as accounting for financial instruments, employee benefits, and share options.
    By completing this module you'll be able to access and utilise relevant information sources available in electronic form, including websites dedicated to providing financial data, and write reports based on your analysis of such data. In addition, you'll be able to use spreadsheets and other relevant software, and to manipulate and analyse financial data. Assessment methods: 60% coursework, 40% exam. 
  • Advanced personal taxation
    This elective module focuses on the advanced aspects of the computation of the tax liabilities of individuals, including employee or self-employed persons. The module emphasises the ability to plan the tax affairs of an individual so as to minimise their liabilities. Assessment methods: 60% coursework, 40% exam. 
  • Corporate finance and risk management
    This is an advanced module that covers the theories and applications of corporate and international financial management techniques from a strategic perspective. It deals with the planning and implementation of financial strategies relating to the acquisition and management of resources for the creation of corporate value, and its translation into value for shareholders and other stakeholders. Since financial value is a function of both return and risk, the optimal management of risk is a core part of the module. Ethical considerations will be woven into the fabric of the module. Assessment methods: 60% coursework, 40% exam. 
  • Enterprise strategy
    This module builds on your ability to apply financial management techniques, financial accounting analysis and management accounting forecasting. Having studied this module, you'll be able to assess an organisation's current environment, make strategic decisions on the direction of the organisation, implement strategy and evaluate the impact of strategic decisions on the organisation's stakeholders. Assessment methods: 60% coursework, 40% exam. 
  • Personal finance
    This module is about the application of the principles of financial management in various aspects of personal financial planning, such as budgeting, saving, borrowing and investing. Alternative avenues of investment and finance (both short-term and long-term) are examined from theoretical as well as practical perspectives, along with the important topical issues relating to the subject of personal financial planning. Assessment methods: 60% coursework, 40% exam.

Employability

Employability is at the core of this course; it is implicit within every module and is supported by a wider extracurricular programme. The course will enable you to develop a wide range of skills through the emphasis on a vocational approach to teaching, including student presentations, group work and Sage/computer skills. You'll have the option of a placement period in industry in a role related to accounting and you'll document your experience, so that it's recognised by the accrediting bodies. 

ACCA exemption 

This course will give you full exemption from the ACCA Fundamentals level, allowing you to work as a part-qualified accountant in public practice, industry or commerce. If you sit your exams for the ACCA Professional level (which you can sit at LSBU), you will be able to apply for a place on our MSc Applied Accounting.

Academic progression 

If you graduate from this course, you will also be able to apply for further study at postgraduate level, including for a place on our MSc International Accounting and Finance or MSc International Finance. (Please note that these two MSc courses are not linked to the ACCA Professional level.)

The academic strength of the BA (Hons) Accounting and Finance course means that you can also consider entering the field of academic research.

Career in accounting 

One of the most popular jobs on graduating is to go on to train as a chartered accountant. There are many different directions to pursue, specialising in financial reporting, taxation, auditing or forensic accounting. They provide professional advice, aiming to maximise profitability on behalf of their client or employer. Strong analytical skills, a developed understanding of business and good mathematical instincts are all necessary key skills.

Although accountancy has four large firms: Deloitte LLP, Ernst & Young, KPMG and PwC, there are many small to medium-sized enterprises (SMEs) which provide plenty of opportunities on graduation, such as professional training and development.

Recent graduates from this course have gone onto jobs such as: Accountant Assistant, Personal Banker, Financial Analyst, Payroll Assistant and Graduate/Trainee Accountant.

Salary you can expect 

Graduates entering accountancy can find starting salaries in the region of £23,000 - £24,000, with the potential for salaries to increase rapidly with further qualifications and experience. Senior chartered accountants can expect to earn up to £135,000. (Prospects)

LSBU Employability Service

We are University of the Year for Graduate Employment - The Times and Sunday Times Good University Guide 2018

LSBU is committed to supporting you develop your employability and succeed in getting a job after you have graduated. Your qualification will certainly help, but in a competitive market you also need to work on your employability, and on your career search.

As an LSBU student you have access to the Employability Service and its resources during your time here and for two years after you graduate.

Our Employability Service will support you in developing your skills, finding a job, interview techniques, work experience or a placement/internship, and will help you assess what you need to do to get the career you want at the end of your course. LSBU offers a comprehensive Employability Service, with a range of initiatives to complement your studies, including:

  • Direct engagement from employers who come in to network with students
  • Job Shop – daily drop in service to help with, tailoring CVs, cover letters and applications, sourcing online resource, mock interviews and general job searching. One to one appointments for further support also available
  • Mentoring and work shadowing schemes
  • Higher education achievement report - The HEAR is designed to encourage a more sophisticated approach to recording student achievement, which acknowledges fully the range of opportunities that LSBU offers to our students.
    It pulls into one certificate: Module grades, Course descriptions, Placements, LSBU verified extra-curricular activities
  • Employability workshops - delivered free to students all year round on a variety of related topics
  • Careers fairs throughout the year to really focus your thoughts on a career after university

Find out about any of these services by visiting our student employability page

Placements

An optional placement year is available to you at the end of Level 5. The placement gives you the opportunity to take on relevant responsibility and 'try out' a career path. You'll be able to put your learning into practice, whilst gaining valuable professional experience and improving employability  prospects as a result.

If you complete the year successfully you'll be awarded a degree entitled BA(Hons) Accounting & Finance (with Placement). The production of evidence over the period for submission to a relevant professional body gives you a supportive structure to work in, which includes a minimum of two workplace visits. Your tutor will support you throughout your placement.

Staff

Sara Abdaless

School/Division: Business / Accounting, Finance and Economics
Job title: Lecturer in Accounting and Finance

Sara specialises in management accounting and governance, with a special interest in public sector and not-for-profit organisations. Sara teaches modules on both undergraduate level and Postgraduate level and has published in peer-reviewed conference proceedings, journal and book chapters.


Joe Adomako

School/Division: Business / Accounting, Finance and Economics
Job title: Senior Lecturer

Joe Adomako is a Senior Lecturer in Accounting. He lectures Financial Reporting to undergraduate and postgraduate students.

Mary Lawrence

School/Division: Business / Accounting, Finance and Economics
Job title: Associate Professor; School Lead for Marketing, Recruitment, Admissions and Collaborations

Mary oversees marketing, recruitment, admissions and collaborations both at home and overseas for the School of Business. She is a qualified accountant and specialises in the areas of audit, assurance and financial accounting.


Dr John Opute, PhD

School/Division: Business / Management, Marketing and People
Job title: Senior Lecturer, Human Resources Management

An expert in international human resource management, John has 20+years' industry experience within multinational companies including: Alcan Aluminium Company of Canada and Cincinnati Bell in Ohio, USA. PhD supervisor.


Ivor Pingue

School/Division: Business / Accounting, Finance and Economics
Job title: Senior Lecturer

Ivor is a practicing accountant and auditor. His teaching specialisms include audit, assurance, corporate governance and risk management, financial accounting, management accounting and financial management.


Dr Maria Postoyeva

School/Division: Business / Accounting, Finance and Economics
Job title: Lecturer

Dr Maria Postoyeva specialises in knowledge economy, sustainable development and governance issues with interests in culture, ethics and strategic management.


Danusia Wysocki

School/Division: Business / Accounting, Finance and Economics
Job title: Senior Lecturer

Danusia Wysocki specialises in Accounting, Financial Reporting and Study Skills with an interest in Sustainability Issues.


Dr Ling Xiao, PhD

School/Division: Business / Accounting, Finance and Economics
Job title: Senior Lecturer, Accounting and Finance

An expert in financial asset returns and volatility modelling for the finance sector. Ling uses advanced econometric methodologies to improve financial forecasting reliability – she primarily focuses on stock index and foreign exchange data.


Facilities

Specialist industry software prepares our students with the digital skills that employers value. Students on our programmes have access to Bloomberg, Thomson One Banker, SAGE, Blueprint, FAME, NVivo, and SPSS.

Why not read about how a LSBU student took first place in Bloomberg’s prestigious annual Investment Challenge (BIC) competition.

Read more about the Division of Accounting and Finance's specialist facilities and software.

Teaching and learning

In addition to lectures, seminars and tutorials, which are the staples of any course, teaching methods include student presentations, group working, role playing exercises, hands-on computing and computer assisted learning packages. We also aim to strengthen your interpersonal skills to help you establish a career in your chosen subject area by supporting you with a personal tutor and a student mentor.

Percentage of time spent in different learning activities
Lectures and seminars Self-directed study
Year 1 26% 74%
Year 2 26% 74%
Year 3 26% 74%

Entry requirements

2018 Entry

  • A Level BBB or:
  • BTEC National Diploma DDM or:
  • Access to HE qualifications with 24 Distinctions and 21 Merits or:
  • AAT level 3 or:
  • Equivalent Level 3 qualifications worth 122 UCAS points
  • Applicants must hold 5 GCSEs A-C including Maths and English, or equivalent (reformed GCSEs grade 4 or above).
  • We welcome equivalent qualifications from around the world. English language qualifications for international students: IELTS score of 6.0 or Cambridge Proficiency or Advanced Grade C.

Direct entry into the second of third years

  • Direct entry to Year 2 is permitted for students who have passed ACCA papers F1 to F3 or have gained exemption from those papers on the basis of previous studies (e.g. by completing the AAT Technician qualification).

Visit UCAS for guidance on the 2018 tariff.

How to apply

International (non Home/EU) applicants should follow our international how to apply guide.

Instructions for Home/EU applicants
Mode Duration Start date Application code Application method
Mode
Full-time
Duration
4 years (sandwich)
Start date
January; September
Application code
N420
Application method
Mode
Full-time
Duration
3 years
Start date
January; September
Application code
N420
Application method

All full-time undergraduate students apply to the Universities and Colleges Admissions Service (UCAS) using the University's Institution Code L75. Full details of how to do this are supplied on our How to apply webpage for undergraduate students.

All part-time students should apply directly to London South Bank University and full details of how to do this are given on our undergraduate How to apply webpage.

Accommodation

Students should apply for accommodation at London South Bank University (LSBU) as soon as possible, once we have made an offer of a place on one of our academic courses. Read more about applying for accommodation at LSBU.

Finance

It's a good idea to think about how you'll pay university tuition and maintenance costs while you're still applying for a place to study. Remember – you don't need to wait for a confirmed place on a course to start applying for student finance. Read how to pay your fees as an undergraduate student.

Fees and funding

Fees are shown for new entrants to courses, for each individual year of a course, together with the total fee for all the years of a course. Continuing LSBU students should refer to the Finance section of our student portal, MyLSBU. Queries regarding fees should be directed to the Fees and Bursary Team on: +44 (0)20 7815 6181.

Full-time
The fee shown is for entry 2017/18.
UK/EU fee: £9250International fee: £12500
AOS/LSBU code: 4314Session code: 1FS01
Total course fee:
UK/EU (excluding any optional years) £27750
UK/EU (including any optional years) £27750
International (excluding any optional years) £37500
International (including any optional years) £37500
The fee shown is for entry 2017/18.
UK/EU fee: £9250International fee: £12500
AOS/LSBU code: 4314Session code: 1FS00
Total course fee:
UK/EU (excluding any optional years) £27750
UK/EU (including any optional years) £27750
International (excluding any optional years) £37500
International (including any optional years) £37500

For more information, including how and when to pay, see our fees and funding section for undergraduate students.

Possible fee changes

Current regulatory proposals suggest that institutions will be permitted to increase fee levels in line with inflation up to a specified fee cap. Specifically, LSBU may be permitted to increase its fees for new and existing Home and EU undergraduate students from 2017/18 onwards. The University reserves the right to increase its fees in line with changes to legislation, regulation and any governmental guidance or decisions.

The fees for international students are reviewed annually, and additionally the University reserves the right to increase tuition fees in line with inflation up to 4 per cent.

Scholarships

We offer students considerable financial help through scholarships, bursaries, charitable funds, loans and other financial support. Many of our scholarships are given as direct tuition fee discounts and we encourage all eligible students to apply for our Access Bursary. New home full-time undergraduate students meeting eligibility criteria could receive a £1,000 cash bursary by joining us in the 2017/18 academic year. Find out more about all our scholarships and fee discounts for undergraduate students.

International students

As well as being potentially eligible for our undergraduate scholarships, International students can also benefit from a range of specialist scholarships. Find out more about International scholarships.

Please check your fee status and whether you are considered a home, EU or international student for fee-paying purposes by reading the UKCISA regulations.

Case studies

Select a case study and read about practical project work, students' placement experiences, research projects, alumni career achievements and what it’s really like to study here from the student perspective.

Prepare to start

We help our students prepare for university even before the semester starts. To find out when you should apply for your LSBU accommodation or student finance read the How to apply tab for this course.

Applicant Open Days

To help you and your family feel confident about your university choice we run Applicant Open Days. These are held at subject level so students start getting to know each other and the academic staff who will be teaching them. These events are for applicants only and as an applicant you would receive an email invitation to attend the relevant event for your subject.

Enrolment and Induction

Enrolment takes place before you start your course. On completing the process, new students formally join the University. Enrolment consists of two stages: online, and your face-to-face enrolment meeting. The online process is an online data gathering exercise that you will complete yourself, then you will be invited to your face-to-face enrolment meeting.

In September, applicants who have accepted an unconditional offer to study at LSBU will be sent details of induction, which is when they are welcomed to the University and their School. Induction helps you get the best out of your university experience, and makes sure you have all the tools to succeed in your studies.

Read more about Enrolment and Induction.

 
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Contact information

Course Enquiries - UK/EU

Tel: 0800 923 8888

Tel: +44 (0) 20 7815 6100

Get in touch

Course Enquiries - International

Tel: +44 (0) 20 7815 6189

Get in touch
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