This degree has been designed for students who want to become qualified accountants or develop a career in accounting and finance. It covers the study of accounting and finance with an emphasis on organisational context as well as theoretical content enhancing students’ ability to relate corporate finance theory to industry practices.
Accountancy is the process of maintaining, auditing, and processing financial information to help managers, investors, tax authorities and other decision makers allocate resources. It is a modern and fast-moving industry, which uses the latest technology and attracts some of the most motivated and intelligent graduates. This degree prepares students for these challenges.
The degree provides exposure to current issues and techniques in Financial and Management Accounting techniques. It also covers some of the more controversial issues relating to current accounting practices and develops an understanding of the issues impacting on the financial environment.
The degree consists of a total of 5 modules
- Finance
The module examines the role of funders and their preferences
in the management of a business enterprise. Students encounter
a range of financial techniques to complicated business circumstances
which form the basis for management in any commercial environment.
The techniques will develop information management skills in relation
to problem solving within the financial perspective.
Included in the module is: role of financial management; economic
rent and present value; role of the investor: Portfolio Theory
and Asset Pricing Theory; valuation models for financial assets
and businesses; debt instruments; derivatives; Capital structure
and dividends; risk management; and working capital management.
Assessment:
50% Exam/50% Coursework
-
Strategic Financial Management
The module examines the relationship between financial management
and business strategy, providing financial skills for the process
of managing value in a practical manner.
The module covers: basic strategy development; including resource
and environmental analysis; development of SWOT; creation of
strategic options; strategy selection; and implementation issues.
Introduces strategic financial management, value analysis, strategic
management accounting, life cycle analysis, strategic financial
accounting, investment decisions, acquisitions and value, strategic
cost management, and implementing strategic financial management.
Assessment:
50% Exam/50% Assessment
-
Current Issues in Financial Accounting
The aim of this module is to give students a sound grasp of
the current issues relating to Financial and Accounting. The
course will also cover controversial aspects of current accounting
practice and develop an understanding of economic, political
and technological issues that impact on the financial environment.
It also allows students to understand how a wider range of accounting
techniques may be used for external reporting.
This will include the use of Group Accounts and more complex
situations including reorganizations and reconstructions. International
Accounting Standards and current issues relating to these standards.
Developments relating to Corporate Governance and Social Reporting.
-
Assessment:
60% Exam/40% Coursework
-
Current Issues in Management Accounting
The module aims to allow students to understand how a wider
range of accounting techniques may be used by management for
planning, control and decision making.
Some of the areas covered are: evolution of management accounting;
activity-based concepts; performance measurements and transfer
pricing; new developments in management accounting.
Assessment:
60% Exam/40% Coursework
-
Auditing and Assurance
This module aims to give students a clear understanding of the
role the auditor and assurance services. This includes, the
auditor’s function, duties, responsibilities and liabilities.
The professional environment in which the auditor works, including
national and international auditing standards. It also aims
to encourage the attributes required of a modern auditor –
insightful thinking, judgement, thoroughness, self-motivation,
accuracy, materiality, professionalism, ethical behaviour and
good presentation skills.
This module includes: Auditor’s function, duties, responsibilities
and liabilities; nature of accounting systems and controls,
auditing tools and techniques; audit theory; some aspects of
specialized audit; legal aspects; local and international auditing
standards.
Assessment:
70% Exam/30% Coursework
Bridging Information:
Polytechnic Business Diplomas
Student with Polytechnic Business Diplomas (or similar qualifications)
are eligible for entry to the TMC ‘Bridging’ programme,
which consists of 4 modules:
- Cost & Management Accounting
Cost and Management Accounting deals with Costing techniques
and Cost Accounting methods; Short-term and Long-term planning;
and Budgeting & Budgetary Control. The Module’s
introduces students to the application of Costing and Management
Accounting techniques used in planning, control and decision-making.
It enables students to interpret and report upon the information
obtained from the use of such techniques.
Accounting is a language that communicates financial
and non-financial information to people who have an interest
in an organisation. A Cost Accounting system accumulates
financial information for stock valuation and profit measurement.
A Management Accounting system accumulates, classifies
and reports information that will assist managers in their
decision-making, planning and control information.
Assessment:
100% Examination
- Advanced Financial Accounting
Advanced Financial Accounting is a specialisation module
in the Higher Diploma in Accounting. The Module helps to
further develop students’ knowledge and capability
in Accounting and Financial techniques and applications.
The module aims to build on students existing knowledge
and understanding of Financial Accounting and the various
accounting concepts and conventions. This includes the
issues and impact of the various methodologies used in
reporting company profits and performance, and the guidance
application of various accounting standards used in preparing
financial statements.
Assessment:
100% Examination
- Financial System
The purpose of this module is to provide basic understanding
of various Financial Systems, the segments and the main
features of each System. It enables students to better understand
the roles and functions of financial institutions, and to
appreciate the wide range of economic and technological
factors affecting portfolio risk and returns.
The Module provides an understanding of the overall view
of the Financial System and the various constituents of
the Financial System.
Assessment:
100% Coursework
- Investment Planning Techniques
The module provides the students an understanding of numerical
techniques relevant to finance and investment. Students
will learn how to perform various financial calculations
and interprete the results. The modules also includes the
use of differentiation techniques to solve managerial type
problems, and solving network problems using relevant methods.
The Module aims to give the students a foundation for
the use of a variety of optimising techniques used by
the management.
Assessment:
100% Coursework
Successful completion of these
modules will enable students to enter the BA (Hons) Accounting
& Finance.
LCCI Level 3 Diploma in Accounting
The University of Greenwich has agreed that LCCI Level 3 Diploma in Accounting holders are able to enter the final year of the BA (Hons) Accounting and Finance degree provided the meet the following entry criteria and complete the following TMC Bridging modules.
- Must have completed the LCCI level 3 Diploma within a period of 1 year.
- LCCI Level 3 Diploma in Accounting must include:
- Accounting or Accounting IAS
- Cost Accounting
- Management Accounting
- Must take and pass the following TMC ‘Bridging’ modules:
- Advanced Financial Accounting
- Cost and Management Accounting
- Investment & Planning Techniques
- Business Law
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