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Accounting and Finance A accounting degree0

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Accounting and Finance A accounting degree0 Powered By Docstoc
					Accounting and Finance                                                                                    www.lums.lancs.ac.uk/undergraduate               A
  Single Majors                                                                     UCAS Code                         Typical A-Level Offer
  Accounting and Finance †                                    BA/BSc Hons           N400 BA/AccFin                    AAB
  Accounting, Auditing and Finance ‡                          BSc Hons              NN43 BSc/AccE&Y                   AAA
  Accounting and Management Studies                           BSc Hons              NN24 BSc/AccMS                    AAB
  Finance and Management Studies                              BSc Hons              NN23 BSc/FMS                      AAB
  Finance †                                                   BSc Hons              N300 BSc/Fin                      AAB
  Combined Degrees
  Accounting and Economics †                                  BA Hons               NL41 BA/AccEco                    AAB
  Accounting, Finance and Computer Science †                  BA/BSc Hons           NG44 BSc/AccCS                    AB(Maths)B
  Accounting, Finance and Mathematics †                       BSc Hons              NG41 BSc/AccMat                   A(Maths)BB
  Finance and Economics                                       BSc Hons              NL31 BSc/FinEco                   AAB
  Financial Mathematics                                       BSc Hons              GN13 BSc/FM                       A(Maths)BB
  † Accredited by major British accountancy bodies            ‡ Sandwich degree in partnership with Ernst and Young UK
  £1000 scholarships available – see appendix
  See also: Business Studies, Economics, European Management, Management, Management and Entrepreneurship, Management and
  IT, Management and Organisation, Management Science and Marketing and Advertising.
  Please see page 23 for study abroad opportunities.


Accounting and Finance                                 Financial research to improve our
Accounting and Finance is taught within                understanding of how markets work, how                TYPICAL ENTRY REQUIREMENTS
Lancaster University Management School                 financial products should be priced and how
(LUMS), one of the best Business Schools in            risks can be managed, has been developing             UCAS Tariff: 320-360 pts
Europe. LUMS offers a wide variety of                  at a rapid rate. There are rewarding career           IB Diploma: 32-36 pts overall with
related degrees which may interest you, see:           opportunities for individuals with the knowledge      16 from best 3 HL subjects
Business Studies, Economics, European                  and skills needed to understand these new             Scottish Highers: BBBBB - AAABB
Management, Management, Management                     developments and how to apply them.                   Irish Leaving Cert: Offers will be made
and Entrepreneurship, Management and IT,                                                                     on the basis of 5 or 6 HL subjects
Management and Organisation, Management                Work placement opportunities                          IELTS: 6.5 overall
Science and Marketing and Advertising.                 The BSc in Accounting, Auditing and Finance           BTEC: DDM-DDD grades overall
                                                       includes a number of periods of placement             GCSE: Maths (B), and Eng Lang (B/C)
Accounting                                             with Ernst & Young. The other degree schemes          except NN43 (both Maths and English at B)
Accounting covers an increasingly diverse              in Accounting and Finance do not include              Preference: Two or more A-levels
area. It involves providing financial expertise to     compulsory periods of work placement.
business, including giving advice on making                                                                  Other qualifications: Please see appendix
                                                       However, opportunities arise for you to take
decisions for future development and                                                                         NOTE: Any offer for NN43 will only be
                                                       up a one-year work placement between the
corporate growth, planning and controlling             second and final year of the degree scheme,           made after successful attendance at a
activities, performance measurement and                and you are encouraged to take up such                selection workshop, organised by Ernst
meeting external reporting requirements.               opportunities if you wish to do so. In previous       & Young, in collaboration with the
                                                       years, our students have taken up placements          University.
Accountants are professionals in great                 at a number of organisations including BT,
demand in the business world; the chief                Johnson & Johnson, KPMG and Ernst & Young.            CONTACT DETAILS
executives of many large companies are
qualified accountants. Our accounting                                                                        Email     lumsugadmissions@lancaster.ac.uk
degrees provide you with a sound technical             Careers                                               Web       www.lums.lancs.ac.uk/
ability and broad understanding of the role            Our degrees prepare you for a wide variety of                   undergraduate
of accounting in the business world.                   careers in business. Many graduates enter             Tel       +44 (0)1524 592938
                                                       training contracts with professional
                                                                                                             Enquiries Undergraduate Office
                                                       accounting firms while others take up posts
Finance                                                                                                                Management School
Finance is the study of financial decision-            in industry or financial institutions. They
                                                                                                                       Lancaster University
making and the behaviour of financial                  subsequently follow a wide variety of career
                                                                                                                       Lancaster LA1 4YX
markets. The globalisation of business has             paths, including banking, general and
led to greater integration of the world’s              financial management, and consulting. You
major financial markets and with it the                also have access to our departmental careers          PROFESSIONAL ACCREDITATION
widespread trading of complex new kinds of             consultant, who can help you in every stage
financial instruments (options, futures,               of your career choice and development. The            NL41, N300, NG41 and N400 have been
swaps). Businesses now have more means                 University and Management School also have            accredited by all major British accountancy
available for financing their activities and           a dedicated careers service to provide                bodies. As such, it provides exemptions
managing financial risks than ever before.             practice interviews and selection workshops.          from many of these bodies’ core
                                                                                                             examinations, and from certain bodies’
                                                                                                             higher-level papers. The levels of
  SO, WHAT CAN YOU DO                   As examples, our recent graduates went on to:-                       exemptions vary depending on the degree
  WITH YOUR DEGREE?                                                                                          programme – please contact us for details.
  Further Study
  • MSc Management & Regulation of Risk              • Graduate Trainee, Ernst & Young
    (London School of Economics)                     • Financial Management Trainee, NHS
  • MSc Operational Research & Applied               • Central Data Maintenance (CIMA), Network Rail
    Statistics (Salford University)                  • Management Trainee, Silentnight Beds
  Industry and Government                            • Trainee Accountant, CLB Coopers
  • ACA Trainee, KPMG (Cyprus)                       • Company Accountant, EOrigin.com
  • Audit assistant, KPMG
  • Chartered Accountant,
    PricewaterhouseCoopers


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     BA/BSc Hons Accounting and Finance                                     BSc Hons Accounting, Auditing and Finance NN43
     This degree is intended for accounting specialists; the core courses   This is a four-year sandwich degree, which includes paid
     provide a thorough grounding in financial and managerial               placements with Ernst & Young UK. This is an exciting and
     accounting, corporate finance, accounting information systems,         innovative approach to degree study and professional training with
     quantitative methods and economics.                                    one of the top professional services providers in the world. Features
                                                                            include: up to 18 months spent on salaried placement with Ernst &
     BSc Hons Accounting and Management Studies                             Young in the UK; fast-track to chartered accountant status with the
     This degree provides an opportunity for the study of accounting in     Institute of Chartered Accountants of Scotland (ICAS).
     the broader context of management studies. It enables you to
     study a wider range of management subjects than is possible             First year
     within the constraints of the standard single honours Accounting
     and Finance degree.                                                    Accounting and Finance
                                                                            Economics
     BSc Hons Finance                                                       A module in quantitative methods
     This degree is designed to meet the growing demand for finance
     professionals. The course provides a thorough grounding in the         The core accounting and finance course provides a basic
     theory and methods of finance, treasury management, corporate          foundation in financial accounting, and finance, plus topics on ‘The
     finance, economics, accounting, computing, mathematics and             Business Environment’ which develops a broader awareness of
     statistics. Options are available in various specialisms, such as      marketing, management and strategy.
     international finance, quantitative finance and financial statement
                                                                            Average weekly workload per subject: lectures 2-3hrs, seminars
     analysis.
                                                                            1hr (plus private study time)
                                                                            Assessment: coursework 50%, end of year exams 50%
     BSc Hons Finance and Management Studies
                                                                            Expected contact hours: 9-15hrs per week
     This degree provides an opportunity for the study of finance in the
     broader context of management studies. It enables you to study a
                                                                             Second year
     wider range of management subjects than is possible within the
     constraints of the standard single honours Finance degree.             (includes term-long (Spring) paid placement with Ernst & Young UK)
                                                                            Business Law (intensive study during September); Accounting
                                                                            Information Systems and Auditing; Management Accounting for
     BA/BSc Hons Accounting and Finance N400                                Business Decisions; Principles of Finance; Introduction to Statistical
     BSc Hons Accounting and Management Studies NN24                        Methods for Business; Principles of Financial Accounting (intensive
     BSc Hons Finance N300                                                  study during Summer Term)
     BSc Hons Finance and Management Studies NN23
                                                                             Third year
     For each of the degree schemes listed above, there is a common
     first year programme of studies which ensures a good                   (year-long paid placement with Ernst & Young UK)
     understanding of the key disciplines of Accounting, Finance and        Professional modules in Assurance and Business Systems and
     Economics.                                                             Advanced Finance, plus a Dissertation module.

      First year                                                             Fourth year

     Accounting and Finance                                                 (includes term-long (Spring) paid placement with Ernst & Young UK)
     Economics                                                              Accounting for Complex Entities; Financial Accounting II (intensive
     A third subject: (normally a mathematics-based subject where           study during Summer Term); Advanced Management Accounting;
     not previously studied to A-level standard) see page 154               Issues in Auditing, plus a Finance course and an optional module.

     The core accounting and finance course provides a basic
     foundation in financial accounting, and finance, plus topics on
     ‘The Business Environment’ which develops a broader awareness
     of marketing, management and strategy.
                                                                              “I graduated in 2005 with a 2:1 in Accounting and Finance
                                                                              and began training as an Auditor for PricewaterhouseCoopers
     Average weekly workload per subject: lectures 2-3hrs,
                                                                              in Hong Kong, specialising in the industries of Technology,
     seminars 1hr (plus private study time)
                                                                              Info-Comm, and Entertainment and Media.”
     Assessment: coursework 50%, end of year exams 50%
     Expected contact hours: 9-15hrs per week                                 “Although I graduated in a specialised area, the structure of
                                                                              Lancaster’s degree schemes has given me a wide range of
      Second and third years                                                  opportunities. To excel in my field, it is no longer enough to
                                                                              be a number cruncher working nine to five. Instead, my first
     You take eight courses per academic year, some of these are              year working at PwC involved me in understanding the
     compulsory and others are optional. There is a wide range of             clients’ businesses, their industries and their system processes.
     courses offered in the Accounting and Finance Department                 Lancaster also gave me a good foundation in effectively
     including Accounting Information Systems, Auditing, Corporate            performing interviews and meetings with clients.”
     Finance, Financial Statement Analysis, International Finance,
     Management Control Systems and Taxation. There are also                  “I thoroughly enjoyed my time at Lancaster, there is a lot to
     options to study courses in other departments such as Business           do beyond your studies.”
     Law, Computer Programming, Econometrics, French,
     Macroeconomics, Marketing, Mathematics, Microeconomics,
     Spanish, subject to having studied the necessary pre-requisites.                                       Leo Tanner
                                                                                BA Hons in Accounting and Finance
                                                                                              Graduate Employer:
                                                                             PricewaterhouseCoopers (Hong Kong)


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