Accounting for Business
Accounting and Finance with Foundation Year
Salford Business School
In a nutshell
If you’ve a head for numbers and are looking for a rewarding career, an Accounting and Finance degree could be your way forward. At Salford Business School, we’ll help you develop the essential skills and knowledge for a high level career in accountancy, finance, banking and insurance as well as general management positions. You will study at our University of Salford campus close to Manchester city centre.
Our goal is to prepare you for a fulfilling life and professional career. Along the way, you’ll learn to be curious, adaptable and confident, ready to meet the digital, ethical and sustainability challenges of the 21st century.
How will we - together - achieve this?
Find out about our commitment to our students.
BE INDUSTRY READY
Our teaching is practical and career-focused, with input from our industry partners. This means you build the expertise that employers look for in areas including financial analysis, budgeting and risk management. You’ll look at accounting and finance within the wider context of business and management. And we’ll also work with you to develop your soft skills including teamwork, communication and problem solving. You’ll work with key industry standard tools, such as Microsoft Excel and Minitab, and also look ahead to the technologies – such as automation and artificial intelligence – that will affect the work of accountants in the future. Optional modules in your final year mean you can focus your career direction before graduation.
The University programme is accredited by the major industry bodies (ACCA, CIMA, ICAEW and CIPFA) so you know that what you learn is aligned with industry standards. You can start your path towards ACCA qualifications, benefit from CIMA student membership (your registration fee is paid by the Business School) and get exemptions from some professional exams.
The Foundation Year of the four-year programme aims to provide understanding of the key subjects in accounting and finance.
Want to find out more about our Accounting, Finance and Economics programmes? Sign-up to an Open Day or attend a campus tour. Our supportive course enquiries team can also help you with any general questions you may have.
- Learn the essentials to get you started on your accounting and finance career
- Gain a solid business education so you understand how accounting and finance fits in the wider context
- Understand the changes that technology is bringing to the sector and develop your skills with accounting-specific software applications
- Benefit from exemptions from some professional exams
This is for you if...
You love numbers and enjoy problem-solving
You are looking for a degree accredited by the major professional bodies
You want to learn the practical applications as well as the theories of accounting
All about the course
Our students move on to career success too. 96% of our Accounting and Finance graduates were in work or further study according to Graduate Outcomes survey, 2017-18 graduates (the most recent survey).
The modules delivered on the Accounting and Finance syllabus are designed around the current needs of employers. You’ll have the opportunity to join ACCA Accelerate and become a student member of CIMA. On successful completion of the course, you will gain exemptions from some of their professional exams, helping you to leap ahead in your journey to becoming a chartered, certified finance professional. With the opportunity for all students to complete a paid work placement between their second and third years, you will enter the world of work with an in-depth knowledge of the industry and of key business concepts.
- In your Foundation year, you will start to look at fundamental areas of business as well as the key skills you need to study at University level.
- In your first year, you will develop the core knowledge that will be expanded on throughout the remainder of the course. You will also develop other skills that are useful in the fast-paced world of finance and beyond.
- The second year is all about exploring more specialised theories and learning skills that will be transferable across multiple business functions. The Professional Development module in the second year helps you to develop the skills you need – presentation skills, networking, interview techniques – to move easily into successful employment.
- By your final year, you are becoming a professional, developing the skills needed for responsible leadership and understanding how to think strategically. With optional modules that allow you to specialise, Sage training and professional mentoring, this programme meets the needs of both employers seeking high-calibre candidates and graduates aspiring to rewarding careers.
BUILD YOUR CV
When you study a business programme at Salford Business School, you will have access to opportunities that will help increase your practical experience, employability and entrepreneurial skills.
- Take a placement year, where you will learn on the job whilst being paid for your time
- Internship opportunities
- Mock assessment centres
- Professional presentations
- Business challenges
- Business simulations
- Mock interviews and practice networking
WORK PLACEMENTS / STUDY ABROAD
We strongly encourage you to develop your personal skills and your confidence by taking a year-long work placement in your third year and/or studying abroad for a term or a year.
- We strongly encourage you to develop your personal skills and your confidence by studying abroad during your second year or doing a work placement in your third year. A work placement really enhances your CV and shows future employers that you can apply the skills, knowledge and understanding you have learned. If you choose to take the Professional Experience Year option, you will not pay fees to the University and will earn a wage for the work that you do. Read about Ruksana Akter’s experience on work placement in the Finance department of Salford City Council.
- Find out more about the range of International Opportunities such as Erasmus, Turing Scheme and International study exchanges.
Interested in starting your own business? At Salford Business School we value entrepreneurial minds and aim to provide the support and resources needed for anyone wishing to build on a great business idea. Launch@ Salford is the incubation centre for business start ups providing a reception area, hot desk office space, private meeting rooms – and a networking lounge where you can grab a coffee and make those business connections. Launch@Salford also provides specialist support in the runnings of a start-up as well as opportunities to receive financial support.
Find out more, register for one of our Open Days
Accounting for Business provides you with an understanding of the role and nature of accounting. You will be introduced to the idea of financial and management accounting and learn about key accounting functions within contemporary business.
Foundations of Business
This module will introduce you to key concepts of business and management looking at what business is (and isn’t). You will be encouraged to draw on real-life examples found in the businesses you use in your every day life. You will develop an understanding of the key functions used within contemporary businesses and learn about the tools and techniques used in business for analysis and planning.
Foundations of Human Resource Management
Foundations of HRM provides you with a basic introduction to Human Resource Management. You will learn about the five key areas of the HRM discipline: employee resourcing, employee reward, performance management, employee relations and employee training and development.
IT for Accountants
In IT for Accountants, you will learn about the importance of IT systems in accounting and develop your skills in spreadsheet software.
Academic and Personal Skills
Academic and Personal Skills is delivered with your future in mind. This module takes you through how to get to grips with the technology you need to succeed, as well as using the library, how to reference and how to produce the different styles of academic writing.
It also helps you to develop yourself; you will create a CV, learn how to write a cover letter and find out what your learning style is. The module has guest speakers who share their expert knowledge and experience with you. All the skills covered in this module will help you to succeed in your chosen degree.
Financial and Management Accounting
This module gives you a theoretical and practical introduction to financial accounting and management accounting. Upon completion, you will have an understanding of basic financial and management accounting methods, financial statements and the major problems associated with interpreting accounting information using International Accounting Standards.
Business and the Accountant
This module introduces you to the key concepts of modern economics, including how markets function as the foundation of contemporary economies.
Accounting, Employability and Commercial Awareness
On this module, you will develop your commercial awareness in relation to the business environment. You will look at the importance of understanding the business environment, thinking about changes that have taken place and that will happen in the future. You will learn to take data and contextualise it in a more developed analysis and summary, a skill you will need for formal assessments and general problem-solving situations.
This module introduces you to the key concepts of modern economics, including how markets function as the foundation of contemporary economies
Accounting Information Systems
In the Accounting Information Systems module, you’ll develop practical skills, and an understanding of the importance of IT in accounting through the use of software like Sage and Excel. On completion, you’ll have the technical knowledge to operate Sage for a range of business transaction applications.
Data Analysis for Accountants
You will learn a variety of data analysis methods, which you will practise on real-world data sets. There will be regular assessments of what you’ve learned in order to help your learning and personal development.
You will have an opportunity to formulate your own research questions before analysing data to draw reasonable conclusions. The module will predominantly use real data and include a mixture of computer-based questions, calculations, interpretation and drawing conclusions.
In semester one, you will form teams with other students to come together and answer a live client brief with regular review points. In semester two, you will enhance your portfolio by creating more team-based and individual work.
Regulatory and Economic Environment
Through this module, you’ll gain an awareness of current developments in financial reporting and practice. You will explore the regulatory environment for international financial reporting and corporate governance and investigate the workings and regulation of international markets.
Financial Planning and Software Applications
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 such as Xero, an e-learning course available to Salford students via our partnership with ACCA. You will discuss the changes that automation and artificial intelligence are bringing to the role of the accountant and the benefits that software applications offer.
Law for Accountants
This is an introduction to aspects of law that impact upon accounting. We will consider the impact of civil law on business and professional services and include discussion of company and insolvency law. Other topics covered are the impact of criminal law on business and professional services and the impact of law in the professional context.
Financial Management Information Systems
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.
Financial Accounting and Reporting
This module will develop your knowledge and technical skills of financial reporting to new levels. You will get the skills needed to confidently voice the language of business and clarify reports to a wide variety of stakeholders. You will learn to make strategic business reporting decisions within the corporate environment; to test concepts, theories, principles; and crucially to apply this knowledge to real life scenarios.
You will be studying in an ethical environment so will apply your professional judgment and ethical principles to ethical dilemmas and discuss the consequences of unethical behaviour. You will be encouraged to draw upon and share their diverse cultural and managerial experiences.
- Interactive lectures and seminars
- Small group learning sets will be used as the basis for problem-based learning scenarios designed to include case studies, class-based activities, research articles and web-based materials
- Guided personal study supported by associated reading list, lecture notes and relevant research articles
25% Data analysis project
Optional year in industry
Professional Experience Year
All of our BSc 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 School 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.
Advanced Management Accounting
On completion of Advanced Management Accounting, you will be able to understand, apply and evaluate management accounting techniques relating to planning, control, decision-making, performance management and sustainability. You will develop an understanding of the theoretical and ethical dimensions of management accounting and their relationship with real-world practice.
Advanced Financial Reporting
In this module, you will develop your skills in the preparation of financial statements, improve your understanding of the economics and politics behind accounting standards and advance your ability to analyse and interpret financial statements.
In Business Finance, concepts such as raising capital, capital markets and the capital structure of firms will be explored. You will evaluate the processes of mergers and takeovers and analyse the risks in international finance.
The Professional Accountant
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.
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.
Investment Management introduces you to the theoretical framework for modern investment and portfolio management. This module helps you develop the statistical skills necessary to quantify risks associated with portfolio management and empirically test the validity of models that rely on risk-reward relationships.
This module gives you an introduction to the role of a bank and banking services in developed and emerging market economies. On completion of the module, you’ll be able to evaluate the regulatory environment of banks, understand developments in banking financial innovation and appreciate the risk of bank failure and their role in financial crises.
Audit and Assurance
Through this module, you will consider and evaluate the audit processes and develop the technical knowledge and skills necessary to perform the responsibilities of an auditor within the framework of relevant regulatory 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.
What will I be doing?
Our teaching is focused on supporting you to gain hands-on experience for your career. Right from the start you will develop the practical skills as well as the theoretical knowledge that you will need when you begin working. 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.
You will learn through a combination of lectures, seminars and tutorials using a wide range of learning activities such as business simulations.
SKILLS FOR LEARNING
Don’t bypass the Clifford Whitworth library, it really is a beneficial resource for you. The friendly library team will help you develop the skills you need to be successful in your studies and in your work.
We use different forms of assessment in different modules and wherever possible these will reflect the types of work you will do in the ‘real world’ for example group reports and portfolio work. Examinations on the programme allow you to gain maximum exemptions from the professional accounting bodies. Staff are experienced at supporting students to achieve their maximum potential in all of these assessment processes.
Be part of our community
Salford Business School aims to foster the next generation of leaders and create a new vision of innovative and entrepreneurial leadership. We are integrated into the local business community as a hub for knowledge creation and exchange. We are proud that our industry collaborations and partnerships benefit students, businesses and the community.
Our goal is to prepare you for a fulfilling life and professional career. Along the way, you’ll learn to be curious, adaptable and confident, ready to meet the digital, ethical and sustainability challenges of the 21st century.
Where will I learn?
Salford Business School is located at the heart of the University’s Peel Park campus and just minutes from Manchester city centre. Teaching facilities include Lady Hale and Chapman buildings, which offer stylish modern spaces with lecture theatres equipped with the very latest technology and large screen displays. Lady Hale is also the home for the mock courtroom where the mooting team hone their skills in case presentation and debate.
The University library isn’t just for reading books. The ‘library in the park’ is a fresh, modern learning space with PC suites, Mac computers, bookable working rooms and café. It's open 24/7 everyday of the year (except Christmas Day!) so you can study when it suits you.
A dedicated Employability team will help you with work placements and access to work skills.
Throughout campus, there is a choice of individual study areas, communal learning and breakout spaces, plus a selection of food outlets.
This programme is accredited by the Association of Certified Chartered Accountants (ACCA), the Chartered Institute of Management Accountants (CIMA), the Chartered Institute of Public Finance Accountants (CIPFA) and the Institute of Chartered Accountants in England and Wales (ICAEW).
Our relationships with these professional accounting bodies ensure the modules you study are closely aligned with current best practice. These partnerships mean that you benefit from exemptions from professional accountancy exams as well as the opportunity to join the ACCA Accelerate programme and become a student member of CIMA, taking you closer to achieving your professional goals.
On successful completion of the course, you will have exemptions from
9 ACCA exams
8 CIMA exams
7 ICAEW exams
6 CIPFA exams
(Looking farther ahead to a Master’s degree, our MSc Accounting and Finance graduates can claim 11 exemptions from CIMA.)
We want you to enjoy your time studying here, but we understand that there may be times you need a little extra support to help you. The Business School student progression team is here to help you progress through your courses as smoothly as possible.
University-wide, askUS is at the core of our student support service, offering information and advice on matters such as finance, wellbeing and counselling, accommodation and more. If you have any worries, concerns, or need advice on a particular topic, visit askUS on campus.
Find out more about Student Support Services at Salford.
If you’re planning on commuting, both our MediaCityUK and Peel Park campuses are perfectly placed. Whether by bus, rail, bike or car, we’re easily accessed from all over Greater Manchester, Lancashire and beyond.
What about after uni?
A postgraduate degree is a great option if you want to take your knowledge and skills to the next level. Salford graduates and alumni also receive a significant fees discount.
Accounting and Finance at Salford Business School helps you develop the essential skills and knowledge for a high level career in accountancy, finance, banking and insurance as well as general management positions.
There are exciting and rewarding careers available to Accounting and Finance graduates. We’ll help you develop both the practical skills – such as using Microsoft Excel, Minitab, Sage and other accounting-specific digital tools – along with the soft skills – including teamwork, collaboration, communication and planning - that employers are looking for. The industry accreditations give you exemptions in a number of professional exams so you are well on your way to a career after you graduate.
Henry Romanenko put his business and finance skills to the test during his degree by launching his own luxury jewellery brand. Find out more at our Made in Salford Blog.
Our course team maintains excellent relations with local and national accounting and finance organisations, commentators and employers.
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.
What you need to know
If you are good with detail and enjoy working with numbers, this course is ideal. However, Accounting and Finance is not about number crunching; it’s about gathering and analysing data to make informed business decisions. Knowledge and expertise in these areas are highly sought after by employers across a wide variety of sectors. There is no need to have studied these subjects before to be successful.
This course isn’t suitable for international students. If you are an international student and interested in studying a foundation year, please visit our International Foundation Year course page.
Maths and English at grade C or grade 4 or above (applicants who do not have the equivalent of grade C or above, GCSE Mathematics and GCSE English will be considered on a case by case basis).
UCAS tariff points
64 points from a minimum of one A2 pass
BTEC National Diploma
MPP (BTEC Extended Diploma), MM (BTEC Diploma)
Access to HE
64 Points – Pass with a minimum of 45 credits at Level 3 and 15 at Level 2
64 points from a minimum of one Advanced Higher
Irish Leaving Certificate
64 points from a minimum of one Higher Level subject
Pass Diploma with 60% or above
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.
For entry in the 20/21 academic year, EU students will be charged the Home rate in the fees table below. From September 2021 onwards, EU students will be charged the International fee shown in the table.
|Type of study||Year||Fees|
|Full-time home||2021/22||£8,250 for Foundation Year and £9,250 for subsequent years.|
|Full-time home||2022/23||£8,250 for Foundation Year and £9,250 for subsequent years.|
You should also consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.