TMC Academy

Awarded by: University of Greenwich

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 Finance 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

Audit 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

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Bridging Information:

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

University of Greenwich

How to Apply

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Other Programmes of Interest

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