Gain a degree from a UK university

BSc (Hons) Financial Management (Finance and Accounting)


Duration:
  • Final year only: 1 year
  • 1st & 2nd years or 2nd & 3rd years: 2 years
  • Full programme: 3 years
  • Full programme (accelerated study mode): 2 years
Fees:
  • For information regarding fees, funding and scholarship please fill in the enquiry form on the right.

Financial accounting, auditing and taxation are specialised areas requiring industry-focused training and hands-on experience. This industry-focused BSc (Hons) in Finance and Accounting will develop your understanding of vital industry processes. Plus, with the option to select a number of the programme modules, you will have control over your course structure and future career pathway.

Giving you a broad understanding of tax systems, quantitative methods, financial accounting, international financial markets and more, our management-focused bachelor’s degree equips you with the advanced skills in finance and accounting you will need to enter a range of financial management positions. It is also a suitable launch pad for subsequent postgraduate study in this area.

What will you learn?

During the course of your studies you will gain an extensive understanding of tax systems, management and financial accounting, international financial markets, preparation of financial statements and relevant legal issues.

InterActive gives you the opportunity to acquire an online BSc degree from a UK university while gaining the skills required for successful business strategy planning, development and implementation.

This bachelor’s degree is accredited by the University of Wolverhampton, a respected UK academic institution which provides educational opportunities to students the world over.

 
 

The course is structured to first provide you with a comprehensive grounding in financial, accounting and marketing concepts before progressing to the more specialised management, taxation and audit modules. In the later stages of the course you will cover international financial management, audit and assurance and individual project work.

(1st Year) Certificate of Higher Education in Financial Managementread more
Quantitative Methods

Learning outcomes

You will gain the ability to:

  1. Identify and apply appropriate data collection techniques to central location and dispersion measures in the analysis of business data
  2. Apply regression, correlation and time series forecasting in the prediction of business relevant inputs for planning and designing solutions
  3. Compute probability and utilise hypothetical tests for single and two population variables
  4. Implement linear programming in business decisions

Topics covered

  1. Data Collection and Presentation, Central Location and Dispersion, and Index Numbers
  2. Regression and Correlation
  3. Time Series and Forecasting
  4. Probability and Probability Distributions
  5. Sampling and Tests of Hypotheses and Linear Programming
Introduction to Marketing

Learning outcomes

You will gain the ability to:

  1. Design a market research plan
  2. Differentiate between the elements of various types of marketing (product/service/face to face/ B2B/ industry)
  3. Understand the dynamics of digital age marketing and its impact on the global market place

Topics covered

  1. Marketing and Its Environment: Marketing dynamics and the global marketing environment
  2. Customers and Markets: Consumer behaviour, B2B buying behaviour, segmenting markets, marketing information and research
  3. The Marketing Mix and The Application of The Concepts
  4. Marketing Planning, Management and Control
Introduction to Finance

Learning outcomes

You will gain the ability to:

  1. Understand and apply basic financial tools appropriate for decision making
  2. Explain the concept of the time value of money in a business and financial context
  3. Compute the present and future values
  4. Prepare report inputs using financial tools such as discounting, compounding, annuities and perpetuities, while outlining their features

Topics covered

  1. Introduction to Finance, The Financial Environment and The Principles of Finance
  2. The Concept of The Time Value of Money
  3. The Mathematics of Finance Finding, Interest Rates and Time Requirements
  4. Compounding to Determine Future Values and Discounting to Determine Present Values
  5. Perpetuities and Annuities, and Inflation or Purchasing Power Implications
  6. Future Value of an Annuity and Future Value of an Annuity Due
  7. Frequent Compounding or Discounting Intervals
  8. Annual Percentage Rate Versus Equivalent Annual Rates of Interest, and The Cost of Consumer Credit.
Micro Economics

Learning outcomes

At the end of the module, students should be able to:

  1. Critically evaluate intermediate microeconomic theory and be able to apply economic reasoning to the analysis of economic questions and policy
  2. Identify, present and critically evaluate standard theoretical economic models
  3. Apply standard theoretical economic models to analyses of economic questions and policy issues
  4. Communicate concepts/definitions/arguments both in writing and orally

Topics covered

  1. Economic models
  2. Utility and choice
  3. Demand (market and individual) and elasticity
  4. Production and costs
  5. Profit maximisation
  6. Perfectly competitive markets
  7. Risk and uncertainty (economics of information)
  8. Externalities
  9. Asymmetric information (basic concepts)
  10. Monopoly
  11. Capturing surplus
  12. Market structure and competition
  13. Revision
Macroeconomic Environment

Learning outcomes

You will gain the ability to:

  1. Analyse the macroeconomic environment of business and evaluate its impact on businesses
  2. Compute measures of inflation
  3. Explain the concept of national income and discuss the methods used in measuring a country’s output
  4. Outline issues in labour market, unemployment, taxation and government spending, and assess their impact on business at a fundamental level

Topics covered

  1. Introduction to Macroeconomics and the Macroeconomic Environment
  2. Measuring the Rate of Inflation, The Inflationary Process and Money Value and Their Impact on Businesses
  3. Determination of National Income and Measuring a Country’s National Output
  4. Foreign trade, Introduction to Exchange Rate Computations and Balance of Payments
  5. The Labour Market and Unemployment, and Their Impact on Businesses
  6. Taxation and Public Spending and Their Impact on Businesses
Business Law

Learning outcomes

At the end of this module, students should be able to:

  1. Discuss and explain the fundamentals of legal systems
  2. Identify and apply legal concepts in local and business transactions and scenarios
  3. Differentiate and analyse from a legal point of view different types of business and their legal ramifications
  4. Discuss and explain the legal regulation of companies and evaluate the options available to companies in a financial crisis

Topics covered

  1. The fundamentals of legal systems
  2. Local and international business transactions and their legal ramifications
  3. Local and international forms of business and their legal ramifications
  4. Legal aspects of business relationships with specific consideration of joint ventures and partnerships
  5. Legal aspects of raising capital and financing businesses
  6. The legal regulation of companies
  7. Legal aspects to managing crises and bankrupt businesses
(2nd Year)Diploma of Higher Education in Financial Managementread more
Management Accounting

Learning outcomes

You will gain the ability to:

  1. Discuss different types of costing systems and use them to compute cost
  2. Evaluate the effect of costing systems and stock costing methods on income statements
  3. Compute and evaluate break even points using cost volume analysis as a tool for decision making
  4. Explain the concepts of activity based costing and design pricing systems, as well as discuss information used in business decision-making

Topics covered

  1. Fundamentals of Management Accounting I: An introduction to cost terms and purposes, job costing systems and process costing systems
  2. Fundamentals of Management Accounting II: Cost allocation, joint cost situation and income effects of alternative stock costing methods
  3. Management Accounting Information for Decision Making I: Cost-volume-profit relationships, determining how costs behave and relevant information for decision making
  4. Management Accounting Information for Decision Making II: Activity-based costing, pricing, target costing and customer profitability analysis
  5. Budgeting and Planning as Control Systems I: Motivation, budgets and responsibility accounting, flexible budgets, variances and management control I
  6. Budgeting and Planning as Control Systems II: Flexible budgets, Variances and Management Control II and measuring yield, mix and quantity effects
Financial Accounting

Learning outcomes

You will gain the ability to:

  1. Prepare financial statements using complete and incomplete data
  2. Explain key accounting concepts in financial accounting and their application
  3. Analyse financial statements to explain company performance and position, based on company annual reports
  4. Critique main points in a company's annual reports

Topics covered

  1. The Framework of Financial Reporting: Introduction to Financial Accounting and key accounting concepts
  2. Financial Position (Balance Sheet) and Financial Performance (Income Statement); An overall view of the nuts and bolts
  3. Preparation of Financial Statements: How to record transactions and prepare financial reports for a single enterprise
  4. Measuring and Reporting Cash Flows
  5. Analysis and Interpretation of Financial Statements
Corporate Finance

Learning outcomes

You will gain the ability to:

  1. Analyse fundamental corporate finance decisions and their applications
  2. Apply the investment decision rules of traditional and discounted cash flow methods in analysing investment decisions and discussing outputs (while utilising the outputs for investment decisions)
  3. Discuss the concepts of risk and return, and compute cost of capital
  4. Critically evaluate working capital policies and apply cash management models in analysing them

Topics covered

  1. Fundamentals of Corporate Finance: The types of financial management and corporate finance decisions
  2. Investment Decision: Traditional and discounted cash flow investment decision tools and their application to investment decision
  3. Financing Decision I: Capital structure theories and financing decisions
  4. Financing Decision II: Risk and return trade-off, the cost of equity, cost of debt and the weighted average cost of capital
  5. Working Capital Decisions: Working capital policies, computations and cash flow management models
Taxation

Learning outcomes

You will gain the ability to:

  1. Demonstrate a critical understanding of the UK taxation system
  2. Calculate personal income tax and analyse the outputs
  3. Compute corporate tax and discuss relevant issues regarding corporation tax
  4. Explore capital gains tax and related issues
  5. Examine inheritance tax and relevant issues
  6. Analyse national insurance, value added tax and discuss relevant issues regarding these topics

Topics covered

  1. An Introduction to the United Kingdom Taxation System and Model
  2. Taxation Applicable to Personal Income and Relevant Computations
  3. Taxation Applicable to Corporate Income and Relevant Computations
  4. Taxation Applicable to Capital Gains and Relevant Computations
  5. Taxation Relevant to Inheritance and Relevant Computations
  6. National Insurance Taxation and Relevant Computations
  7. Value Added Tax and Relevant Computations
Financial Markets

Learning outcomes

You will gain the ability to:

  1. Analyse and carry out a basic computation of instruments in the equity markets
  2. Identify and carry out a basic computation of instruments in the fixed income markets
  3. Critically discuss and carry out a basic computation of instruments in the derivatives markets
  4. Evaluate and carry out a basic computation of instruments in the mortgage markets

Topics covered

  1. Overview of the Main Financial Markets: Equity, fixed income, derivatives and mortgages
  2. Equity Markets: Fundamental concepts of equity markets and the valuation of securities in equity markets
  3. Fixed Income Markets: Fundamental concepts of fixed income markets and the valuation of securities in fixed income markets
  4. Derivatives Markets: Fundamentals of and computations in derivatives markets
  5. Mortgage Markets: Fundamentals of and computations in mortgage markets
Personal Finance

Learning outcomes

You will gain the ability to:

  1. Design personal financial plans, utilising time value of money concepts
  2. Use personal finance tools to assess and manage credit scores
  3. Prepare and assess an integrated personal financial plan utilising personal finance tools

Topics covered

  1. Overview of a Financial Plan and Tools for Financial Planning: Planning with personal financial, statements, applying time value concepts and using tax concepts for planning
  2. Managing Personal Liquidity: Banking and interest rates, managing money, assessing and securing your credit and managing credit
  3. Personal Financing and Protecting Wealth: Personal loans purchasing and financing a home, auto and homeowner’s insurance, health and disability insurance and life insurance
  4. Personal Investing: Investing fundamentals, investing in stocks, investing in bonds, investing in mutual funds and asset allocation
  5. Retirement and Estate Planning: Retirement planning and estate planning
  6. Synthesis of Financial Planning: Integrating the components of a financial plan
(3rd Year) BSc in Financial Managementread more
Research Methods

Learning outcomes

You will gain the ability to:

  1. Differentiate between research philosophies, and the link between research philosophy and research design
  2. Assess the strengths and weaknesses of different research methods in small to large projects
  3. Identify and apply data acquisition, transformation and analysis tools
  4. Develop an understanding of how research findings must be used within clear ethical constraints (i.e. avoiding data mining to support biased objectives)

Topics covered

  1. Research Philosophy
  2. Research Approaches
  3. Research Design
  4. Methodology
  5. Methods
  6. Budgeting and Planning as Control Systems II: Flexible budgets, Variances and Management Control II and measuring yield, mix and quantity effects
  7. Literature Review
  8. Data Acquisition
  9. Data Transformation
  10. Data Analysis
  11. Data Presentation
  12. Research Ethics
International Financial Management

Learning outcomes

You will gain the ability to:

  1. Critically analyse the financial goals of a multinational enterprise and evaluate the challenges faced by multinational firms
  2. Examine foreign exchange theories and discuss international parity theory
  3. Evaluate foreign exchange risk and design tools to manage this risk, while considering possible payoffs
  4. Compute the global cost of capital and analyse issues in sources for international financing
  5. Discuss international portfolio theory and diversification, and analyse investment decisions in an international context
  6. Explore working capital management issues in an international operation, and discuss financing international trade (exports or imports)

Topics covered

  1. The Global Business Arena and International Financial Management (An Introduction): Globalisation and the multinational enterprise, financial goals and corporate governance, as well as the International Monetary Fund
  2. The Balance of Payments
  3. Current Multinational Financial Challenges
  4. Foreign Exchange Theories and Markets
  5. International Parity Considerations
  6. Foreign Currency Risk and Tools used in Managing Them (Derivatives, Swaps and Forward Markets)
  7. Foreign Exchange Rate Determination and Forecasting
  8. Financing the Global Firm, Global Cost and Availability of Capital, Sourcing Equity and Debt, as well as International Finance
  9. Foreign Investment Decision Considerations: International portfolio theory and diversification, foreign direct investment and political risk, as well as international capital budgeting
  10. Managing the Finances of Multinational Operations: Working capital management and international trade finance
Audit and Assurance

Learning outcomes

At the end of the module, students should be able to:

  1. Explain the nature and scope of the auditors work with the regulatory framework
  2. Explain and analyse the role of the internal and external auditor as the watchdogs for quality and consistency for financial performance and position reporting
  3. Demonstrate through practical application, the understanding of the business entity process the auditor follows and assess the risk of material misstatement and plan an audit
  4. Critically evaluate internal control procedures as a control mechanism to inform the depth of work required for an audit or assurance engagement
  5. Critically evaluate findings and explain the different types of audit reports that the findings could lead to and analyse the need for different forms of reports

Topics covered

  1. The Profession of Auditing and what it encompasses
  2. The Process of Auditing and their applications
  3. Completing the Audit and preparing the report
  4. Professional responsibilities and other services
Corporate Reporting (Project)

Learning outcomes

You will gain the ability to:

  1. Design and plan a research project on a corporate reporting topic
  2. Critically evaluate the business combination framework and its application to published accounts
  3. Construct and critically analyse consolidated financial statements
  4. Compute values for various forms of financial instruments based on their categorization and analyse their impacts on financial statements
  5. Prepare reports on findings from research carried out on a variety of audiences

Topics covered

  1. The Financial Reporting Framework Revisited
  2. Introduction to Business Combination and the Framework Around It
  3. The Process of Business Combination as well as Accounting Concepts and Guidance
  4. Consolidated Financial Statements: Date of acquisition
  5. Consolidated Financial Statements: After date of acquisition
  6. Consideration of Associates in Consolidated Financial Statements
  7. Introduction to Financial Instruments and the Standards Around Them
  8. Disclosure Requirements
Governance and Ethics (Project)

Learning outcomes

You will gain the ability to:

  1. Design a research project based on a governance and ethics
  2. Research and critically evaluate ethical views and their implications
  3. Analyse the dichotomy of business and ethical requirements and reconcile the differences which may exist
  4. Carry out in-depth analysis of models that can be used in ethical dilemmas and apply these in simulated scenarios
  5. Examine the role of the professional in society as well as demonstrate professional values and judgement within ethical frameworks and models

Topics covered

  1. Ethical Views and Frameworks Within a Multi-cultural, Multi-religious and Multi-view world, and Their Application to Business
  2. Business and Ethics: Can They Co-exist? A critical consideration of the dichotomy
  3. Corporations, corporate governance and corporate responsibility
  4. Working Models for Ensuring Ethical Decisions Are Taken
  5. The Professional: What Does Being a Professional Entail? Expectations and reality
  6. Sustainability and Corporate Reporting
 
 
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