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Accounting and Finance

BSc (Hons)

School - Salford Business School

Subject area - Business and Management

UCAS Code: NN34, NN3K with professional experience, NN341 with IFY

Start Dates(s): September

Duration:

Fees:

UK - £9250 per year

International - £12,000 per year

In Brief:

  • Placed 1st for student satisfaction by The Complete University Guide 2017
  • Excellent career potential with a course accredited by the Chartered Institute of Public Finance Accountants, the Institute of Chartered Accountants in England and Wales, the Association of Certified Chartered Accountants and the Chartered Institute of Management Accountants
  • Unique connections and a paid year-long industrial placement opportunities with commercial organisations such as Carillion and the NHS (100%  of Accounting & Finance students say that their placements were valuable in helping their learning - source: NSS 2017)
  • Work/industrial placement opportunity
  • International students can apply

Course Summary

Accounting and Finance at Salford Business School was placed 1st for student satisfaction by The Complete University Guide 2017.  This course has been designed to develop the skills you need for a high-level career in accountancy, finance, banking, insurance, the public sector or general management.

You will benefit from exemptions in the following professional exams:

  • Chartered Institute of Management Accountants (CIMA)
  • Association of Chartered Certified Accountants (ACCA)
  • Institute of Chartered Accountants of England and Wales (ICAEW)
  • Chartered Institute of Public Finance Accountants (CIPFA)

The course team has excellent relations with local employers and the course includes opportunities for related activities such as attending guest lectures and taking part in business simulation games.  The Professional Development module in the second year helps you to develop the skills you need – presentation skills, networking, interview techniques etc – to move more easily into successful employment.  Through the Study Abroad programme, you could choose to spend your second year studying on an international exchange with one of our global partner institutions in Europe, the US or the rest of the world.

This degree is also offered with a Foundation Year, visit www.salford.ac.uk/ug-courses/business-foundation-year for details.

Read about Ahmed's experiences on the programme in his blog post

Nothing really compares to your first year, it certainly didn’t for me. It is literally a once in a life-time experience, everything is new and exciting. During my first year I became a student representative with the Students’ Union and as a result I was able to meet a lot of students and academics, many of who I still see today.

I got my head down, and was able to do pretty well in my modules. I would recommend getting involved in anything you can! If you have a hobby there is probably someone else who will have the same hobby or interest. But don’t lose sight of what you’re at university for.

Ahmed Rafiq, final year Accounting & Finance student
https://vimeo.com/222508697

Awards and Accreditation

Course Details

The Accounting and Finance degree course is designed to meet the needs of both students seeking a high level career in financial or business management and of employers seeking a high calibre of business graduate.

It provides you with a thorough understanding of accounting and finance within the wider context of business and management and prepares you for employment in a wide variety of managerial careers.

This course secures significant exemptions from the examinations of the UK professional accountancy bodies and allows you to opt to undertake an industrial placement during your third year.

Year 1

All Accounting and Finance students study the same modules in the first year, after which you are given the flexibility to review and change your options depending on which subjects interest you the most. This approach gives you a vital foundation in key business disciplines to support the subjects you go on to study in your second and final years. It also means that all students achieve the same level of Accounting and Finance knowledge at the end of their first year.

CORE MODULES

This module gives you a theoretical and practical introduction to the basics of accounting, including how to prepare financial statements.
You will receive an introduction to the theory and practice of marketing - an essential service to the long-term prosperity of organisations and businesses - and apply these principles to real life situations.
You will learn about the important contribution of Human Resource Management policy and practice to employee and organisational success in the UK and internationally.
This module introduces you to the key concepts of modern economics, including how markets function as the foundation of contemporary economies.
You will learn how to present, evaluate and interpret data as a basis for making business decisions. This will include an introduction to using mathematics, statistics and analysis to develop lines of argument and propose solutions to important business problems.
This module will introduce you to the purposes and objectives of business organisations and their stakeholders.  It will explore the role of the accountant in global business operations and introduce the legal aspects of the work of the accountant in the global business environment.  You will consider the role of the accountant in contributing to the efficient and effective development of an organisation and its people and systems.

Year 2

CORE MODULES

This module explores the theories and practice of financial reporting by listed companies, with an emphasis on the role of International Financial Reporting Standards.
You will review the development of accounting theories, investigate the regulatory environment for International Financial Reporting and corporate governance, and consider the function of the Accounting Bodies’ professional Code of Ethics.
This module introduces present-day costing techniques and their function in manufacturing and business. You will also explore the use of management accounting information to help decision making and performance measurement.
This module will strengthen your understanding of management accounting information, tools and techniques. You will learn about the significance of internal business functions and develop practical skills using accounting-specific ICT packages.
This module introduces you to the operation of global legal systems and the areas of law that underpin the practice of effective business management. You will develop a working knowledge of law relating to contracts and their effective negotiation in different business environments.
This module will enable you to plan and carry out appropriate professional development activities to increase your employability and performance. These include self-presentation, professional networking, project planning and implementation, team working, influencing and multimedia communication. You will gain all the necessary experience required to take advantage of global employment opportunities.

Optional Year

On completion of Year 2 you may choose to undertake a paid placement.

All of our BSc and BA students can apply for a one year professional placement, which takes place between your second and last years of study.
This is an excellent opportunity to take advantage of and over the last five years 90% of Salford Business undergraduates taking a one year placement secured a 2:1 or 1st class Honours degree.
We will help you find out about vacancies and make the right connections with high profile employers through regular events and presentations.
Here is just a small selection of the companies our students have enjoyed placements with so far: NatWest, Barclays and The Cooperative Bank; BP, Esso and Shell; IBM, Hewlett Packard and Compaq; Ford, Vauxhall, Jaguar and Nissan; Marks & Spencer, Selfridges and Sainsbury’s; Eli Lilly, Glaxo and ICI; Fujitsu, Marriott and Virgin.

Year 3

CORE MODULES

This module evaluates the UK taxation system and the global environment. You will review core subjects including the taxation of sole traders, partnerships and limited companies.

This module demonstrates key concepts of finance, such as raising capital, capital markets, the structure of firms and evaluating the global financial environment in which firms operate. 
You will develop your ability to evaluate and analyse financial control processes and consider alternative mechanisms for delivering information to management for control and decision making purposes.
This module further develops your knowledge and application of the Conceptual Framework and theories connected to International Financial Reporting.
This module enables you to consider the impact the work of the Professional Auditor on the UK and global business environments.
You will evaluate the responsibilities of accountants in relation to ethics, sustainability, innovation, internal control, governance, compliance and risk management across a range of international accounting environments.

Please note that it may not be possible to deliver the full list of options every year as this will depend on factors such as how many students choose a particular option. Exact modules may also vary in order to keep content current. When accepting your offer of a place to study on this programme, you should be aware that not all optional modules will be running each year. Your tutor will be able to advise you as to the available options on or before the start of the programme. Whilst the University tries to ensure that you are able to undertake your preferred options, it cannot guarantee this.

Entry Requirements

Qualification Entry requirements
GCSE Minimum of five, to include Maths and English at grade C or grade 4
UCAS tariff points 104-112 points BSc
112-120 points With Professional Experience
GCE A level BCC-BBC with a minimum of two A2 passes. With professional experience year: BBC-BBB with a minimum of two A2 passes
BTEC National Diploma DMM
Scottish Highers 104-112 points BSc
112-120 points With Professional Experience
Irish Leaving Certificate 104-112 points BSc
112-120 points With Professional Experience
International Baccalaureate Indicatively 30 points for International Baccalaureate Diploma (31 points with experience year)

Salford Alternative Entry Scheme (SAES)

We welcome applications from students who may not meet the stated entry criteria but who can demonstrate their ability to pursue the course successfully. Once we have received your application we will assess it and recommend it for SAES if you are an eligible candidate.

There are two different routes through the Salford Alternative Entry Scheme and applicants will be directed to the one appropriate for their course. Assessment will either be through a review of prior learning or through a formal test.

English Language Requirements

For admission to programmes of study at the University an applicant whose native tongue is not English must possess a current qualification deemed acceptable by the University as evidence of proficiency in the English Language. For entry to level 4, 5, 6 such a qualification must equate to a minimum average score of 6 or above (and for each component 5.5 or above) from the Cambridge/British Council English Language Testing Service (IELTS) or alternative examinations as recognised by the University.

Applicant profile

This course offers excellent scope for any student wanting to learn how accounting and finance plays a vital role in business. Knowledge, expertise and the ability to discuss and contribute to solutions around these issues are highly sought after skills by employers across a wide variety of sectors. This course will appeal to a range of applicants and there is no need to have studied these subjects before to be successful.

Each application will be considered carefully and judged on its own merits.

Equivalent qualifications will also be considered please contact admissions for further information.

Fees and Funding

Fees

Type of Study Fee
Full-time £9250 per year
Full-time International £12,000 per year

Additional costs

Additional optional costs at the point of graduation may include subscriptions and exemptions to professional bodies in the region of £400-£700. Costs are approximated based on the current academic year.

You should also consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.

Scholarships & Bursaries

We offer awards to help you study including:

  • Vice-Chancellor's Excellence Scholarship
  • Salford Student Bursary

For more information please see our funding section.

Teaching

Teaching is delivered through a combination of lectures, seminars and tutorials using a wide range of learning activities. You will experience small group tutorials during your First and Second year module studies. This ensures you will be highly skilled in time for your placements, year abroad experience and final year studies.

Assessment

Over the duration of your course a range of assessment techniques will be used. Types of assessment include; essays, assignments, exams, multiple choice tests, online tests, group reports, and portfolio work. The weighting between exams and coursework varies between modules and years, but exams still play a major role.

Employability

You will gain valuable new skills which prepare you for work, graduate entry into management training programmes, or further study.

Our graduates have gained employment with leading companies including:

  • Ernst & Young
  • PricewaterhouseCoopers (PwC)
  • Dixons Group plc
  • American Express
  • Office of the Legal Services Ombudsman
  • KPMG
  • PricewaterhouseCoopers
  • Premier Travel Inn
  • BUPA
  • DTS Logistics
  • Greater Manchester Police
  • The NHS

Career Prospects

Our graduates progress into a wide range of careers in the finance and accounting sectors, working in areas including UK and international accountancy, multinational manufacturing and retail, banks, commerce and government agencies.Many graduates choose to pursue a career with an accountancy firm and qualify as a professional accountant, while others complete their professional training in industry or the public sector.Throughout your degree you will receive careers guidance from our expert staff and regular updates on part-time vacation opportunities with our professional partners.

Alumni Profile

Peter Zhu, Risk Consultant at PWC, UK, BSc (Hons) Accounting and Finance student, says:

"I decided to study at Salford Business School as I was aware of the school’s reputation for providing effective support for learners.
I feel that the business school thoroughly supported me throughout my study. I found that everyone, from staff to students were so friendly and approachable. In addition to providing great study support the university also provided many opportunities for personal development, such as workshops, career advice and volunteering for projects.

I have gained many skills through studying at Salford Business School, but I would probably say that the most useful one would be my leadership skills, adaptability skills and project management skills. In recognition of my voluntary commitments I was awarded the Gold Salford Student life award which aided in improving my transferrable skills.

Studying at Salford Business School provided me with a good platform on which I was able to push myself to become the person I am today and to become more employable. The jobs market is very competitive and the Business school understands this and encourages us to take part in activities beyond studies."

I decided to study accounting and finance at Salford Business School due to the reputation of the course and more specifically the exemptions available.  In addition the opportunity of a placement was also an attractive incentive.

Rebecca Sanderson, 2014/15, Finance Analyst and Investment Project Analyst with Vauxhall Motors

Links with Industry

Our course team maintains excellent relations with local and national accounting and finance organisations, commentators and employers.

Our teaching is industry-led, inspired by contemporary practice and developed in partnership with business leaders. Our academics are experts in their field and work closely with industry to ensure that our courses reflect the needs of business and provide you with that extra edge when it comes to securing a job.

Student prizes are offered by accountancy firms and multinational companies including Rolls-Royce. Past speakers have included representatives from Hurst Accountants, the Chartered Institute of Management Accountants and ACCA.

We teach the skills that employers need and as a result, our graduates enjoy excellent international career prospects.

The curriculum across our undergraduate courses balances academic teaching and professional experience, allowing you to apply theory in practice in a way that has been proven to produce highly employable, articulate business professionals who have forged the contacts that will help develop their future careers.

Sundeep Singh

Finance Assistant, Central Manchester University Hospitals

I would certainly say that completing a year placement in industry has enhanced my professional and employability skills. Networking with colleagues provided me further opportunities once I had left and resulted in me securing a full time position within a few months after leaving my placement. The stress of looking for jobs was therefore relieved whilst sitting exams; giving me the opportunity to fully concentration on my revision and studies

Placement Opportunities

You can enhance your career options with a year-long work placement giving you the opportunity to apply the skills, knowledge and understanding you have gained in the first two years of the course.  Taking a placement between your second and final year helps to further develop your management skills and enhances your CV and employment prospects. A placement also provides a real context for the subjects studied on the course and helps in the preparation for your final year.

You will work with an employer which could be a local, national or international organisation.  Our students have worked in a wide variety of organisations from financial services to manufacturing – in 2016-17, these included such as Carillion and the NHS.  You will receive support from the School's dedicated Employability Hub and from your industrial placements tutor  both before and during your placement.

During this year, you will not pay fees to the University and will earn a wage for the work that you do.

The industrial placement year is recognised by CIMA and ACCA as one of the three years of postgraduate experience required for formal certification.

There are different entry requirements and course codes for the Professional Experience Year option.

"[The work experience year] has flown by but the experience I have gained is invaluable. I have enjoyed the whole experience and I have learned a lot, which will definitely help me in my final year at university." Jenny Joseph, work placement with NHS

"My placement is at a small accountancy firm in Oldham. I have learned how accounting is applied practically in the working environment. My way of thinking has changed ever since, it changed the outlook on my approach to look at studies.  It has its ups and downs but I have obtained experience in accounting in real working environment which really matters at the end of the day, it was worth it. I have learned to use MS excel efficiently and to deal with HM Revenue & Customs for taxes."  Nisha Zaman, work placement with Morgan Menzies

Further Study

Facilities

Salford Business School is located at the heart of the University’s Peel campus in the newly refurbished Lady Hale Building, and the Chapman Building, offering state-of-the-art facilities for the Business School’s student learning community and just minutes from Manchester city centre.

Chapman is a stylish modern space with six lecture theatres equipped with the very latest technology and large screen displays, a series of communal learning and breakout spaces, plus a Fairtrade café with panoramic views across the campus.

Lady Hale is the home to all dedicated business school student support including the school office, an employability hub, a base for the Business School society, and several open study spaces.

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