Gain a degree from a UK university

BSc (Hons) Financial Management


Next intake:
  • January, May & September 2015
Duration:
  • Final year only: 1 year
  • 1st & 2nd years or 2nd & 3rd years: 2 years
  • Full programme: 3 years
Fees:
  • For information regarding fees, funding and bursaries, please fill in the enquiry form on the right.

This online bachelor degree in finance, awarded by the UK’s University of Wolverhampton, is designed to give you a thorough introduction to the management of financial information, as well as providing you with a solid foundation from which to springboard your future professional development.

Organisations the world over are actively seeking graduates with strong finance credentials in order to strengthen their position within a volatile economic environment. This means that graduating with a UK qualification in finance can open the door to a variety of career opportunities.

Studying the online BSc (Hons) in Financial Management via InterActive's distance learning platform gives you access to our full range of study resources. You’ll benefit from HD-quality live video lectures, personalised tutor support, online discussion forums and more. With the flexibility and affordability made possible by distance education, you’ll be able to study towards your undergraduate qualification on your own terms.

InterActive’s online bachelor programmes offer a choice of entry routes. Previous qualifications such as HNC/D, ACCA or CIMA papers, or existing undergraduate studies, may exempt you from the first or second years of the programme, meaning you could complete your undergraduate degree in just 12 months.

 
 

The syllabus focuses on financial management and accountancy while providing a solid grounding in economics, finance, quantitative methods, and law, and shows you how to apply those skills to a number of sectors.

In our current economic climate sound financial knowledge is a prerequisite for any successful organisation. This means that graduating with a BSc in Financial Management could be your ticket to rapid career progression.
 

(1st Year) Certificate of Higher Education in Financial Management read 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. Demonstrate the application of linear programming in business decision.

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. Be able to design a basic marketing plan and market research plan.
  2. Explain how the various elements of the marketing mix interrelate and support an organisation’s marketing strategy.
  3. Differentiate between the various types of marketing processes (product/service/face-to-face/B2B/industrial).

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. Demonstrate understanding of basic financial tools appropriate for decision-making and apply such tools in decision-making.
  2. Explain the concept of the time value of money in a business and financial context.
  3. Be able to compute basic financial equations, particularly present and future values.
  4. Prepare report inputs using the tools of finance such as discounting, compounding, annuities and perpetuities and outline the features of these.

Topics covered

  1. Introduction to Finance and the financial environment and The Principles of Finance.
  2. The concept of the time value of money and the Math of Finance Finding Interest Rates and Time Requirements.
  3. Compounding to Determine Future Values and Discounting to Determine Present Values.
  4. Perpetuities and annuities and Inflation or Purchasing Power Implications.
  5. Future Value of an Annuity and Future Value of an Annuity Due.
  6. Frequent Compounding or Discounting Intervals.
  7. 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, the students should be able to:

  1. Understand fundamental microeconomic theory and be able to apply economic reasoning to the analysis of economic questions and policy.
  2. Identify, present, and evaluate standard theoretical economic models.
  3. Apply standard theoretical economic models to economic questions and policy issues.

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.
Macroeconomic Environment

Learning outcomes

You will gain the ability to:

  1. Examine the macroeconomic environment of business and evaluate its impacts on the wider business environment.
  2. Be able to compute measures of inflation.
  3. Explain the concept of national income and discuss the methods used in measuring a nation’s outputs.
  4. Outline issues in the labour market, unemployment, taxation, and government spending and assess their impacts 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, student 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

You will need to select and study 6 elective modules from the selection below:

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 the 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 Management read more

In the third year of the BSc (Hons) Financial Management programme you must complete five modules. During the first semester you will cover research methods, financial management, and audit & assurance. In the second semester you will study modules in governance & ethics and corporate reporting, for both of which you will submit a Project.

  1. Research Methods
  2. International Financial Management
  3. Audit and Assurance

    You can choose two of the following Projects:

 

  1. Governance and Ethics (Project)
  2. Corporate Reporting (Project)
  3. Project Management  (Project)
  4. Global Business Management (Project)

Please note: you can only graduate with one of the above awards (the highest level you have achieved), which will be issued once you have formally completed your studies.

 
 

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