UNDERGRADUATE PROGRAMME SPECIFICATION Programme Title: Accounting & Finance Awards Awarding Body: Staffordshire University Teaching Institution: Staffordshire University LondonSAM (Level 6 only) Final Awards: BA (Hons) Accounting & Finance Intermediate Awards: N/A Mode of Study 3 years full time (Fast Track – 2 years full time) UCAS Codes: QAA Subject Benchmarks: Accounting Professional/Statutory Body: 1. Chartered Institute of Management Accountants 2. Association of Chartered Certified Accountants 3. Chartered Institute of Public Finance Accountants Date of Production: June 2007 Date of Revision: June 2011 If you require this document in a larger text or a different media please contact us. 1 BA (Hons) Accounting & Finance Revised June 2011 EDUCATIONAL AIMS OF THE PROGRAMME The accounting suite of awards is designed to develop up-to-date competent and adaptable accounting graduates who will be suitable for a range of chosen professions. The suite also provides opportunities for students to engage in management, law, or computing specialisms. Throughout each of the programmes students will be encouraged to develop an analytical and enquiring mind in order that they will be able to respond creatively to problems facing professionals in a dynamic environment. There is a key focus on the development of students as progressive intellectuals and independent life-long learners. A particular design feature of the suite of awards has been the accreditation from professional bodies (CIMA, ACCA & CIPFA) Aims To enable students to select from a range of awards within the Accounting and Finance areas in accordance with their interests and ambitions To enable students with different abilities and different educational experiences to benefit intellectually and vocationally from their education in Accounting and Finance. To provide a stimulating and accessible course of study that gives students a sound grasp of analysis and contemporary Accounting and/or Finance issues which the student can develop and apply in their future employment. To develop skills in problem solving and decision making. To facilitate progression, both academic and vocational, by means of developing knowledge and a capacity for independent and lifelong learning. To encourage the development of a range of skills, both discipline specific and more general, which will enhance career opportunities. To provide students with an opportunity to undertake a year of work experience through the placement, with support from the Placements Office. What is distinctive about this programme? The award covers both financial and managerial aspects of accounting. Both theoretical and applied areas of both disciplines will be covered during the award. It covers the in-depth knowledge of the core areas for those intending to move into the Accounting profession. 2 BA (Hons) Accounting & Finance Revised June 2011 PROGRAMME OUTCOMES What will this programme teach me to do? At the end of your studies you should be able to: Knowledge and Understanding Demonstrate a systematic understanding and critical evaluation of key aspects of Accounting or Finance including acquisition of coherent and detailed knowledge, at least some of which is at or informed by, the forefront of defined aspects of Accounting or Finance. Learning Demonstrate an understanding of the uncertainty and ambiguity associated with the study of Accounting or Finance. Enquiry Deploy accurately established techniques of enquiry and initiate and carry out a project within an aspect of Accounting or Finance. Analysis Describe and comment on the conflicting, contradictory concepts embedded within the current regulatory financial reporting framework and critically evaluate arguments, assumptions, abstract concepts and data (that may be incomplete) to make judgements. Problem Solving Demonstrate the ability to analyse appropriate approaches to solving problems and use decision making in complex and unpredictable contexts including the measurement of business risk, organisational value and return on investment. Communication Communicate and analyse information, ideas, problems, complex issues and solutions to both specialist and non-specialist audiences. Application Apply the methods and techniques learnt to review, consolidate and apply knowledge and understanding to devise and sustain arguments. Reflection Demonstrate a high level of competence in independent learning and personal responsibility. 3 BA (Hons) Accounting & Finance Revised June 2011 PROGRAMME STRUCTURE, MODULES AND CREDITS BA (Hons) Accounting & Finance Sandwich - 08N40000 BA (Hons) Accounting & Finance Full Time - 08N41000 Three Year Delivery Level 4 TB1 BSB00173-4 Financial Accounting TB2 BLB00002-4 People Prices and Profits BLB10114-4 Business Skills 1 Legal Environment of Business BSB00130-4 Financial Services BLB10115-4 Business Skills 2 General Option BLB10107-5 Managing People & Performance BSB00140-5 Applied Accounting Software BLB00046-5 Tax General Option Level 5 TB1 BLB00043-5 Advanced Financial Accounting BSB00131-5 Management Accounting Techniques TB2 Optional Placement – BLB10102-P Level 6 TB1 BSB00133-6 Financial Reporting & Audit BLB00015-6 Research Methods BSB10183-6 Project TB2 BSB00123-6 Strategic Management Accounting BSB00124-6 Corporate Finance BSB00122-6 Financial Decision Making BSB00169-6 Corporate Governance 4 BA (Hons) Accounting & Finance Revised June 2011 BA (Hons) Accounting & Finance, Fast Track - 08N34200 Two year delivery Year 1 TB1 BLB00002-4 People Prices and Profits BLB10114-4 Business Skills 1 Legal Environment of Business BSB00130-4 Financial Services BLB10115-4 Business Skills 2 General Option BSB00147-5 Personal Finance (FTA) BSB00144-5 Taxation (FTA BSB10210-5 Independent Learning and Critical Thought (FTA) BSB00149-5 Research Methods (FTA) BLB00043-5 Advanced Financial Accounting BSB00131-5 Management Accounting Techniques BSB00133-6 Financial Reporting & Audit BSB00173-4 Financial Accounting TB2 TB3 Year 2 TB1 BSB00122-6 Financial Decision Making BSB00139-6 Applied Accounting Software TB2 Optional Placement TB3 BSB00170-6 Corporate Governance (FTA) BSB00146-6 Corporate Finance (FTA) BSB00145-6 Strategic Management Accounting (FTA) BSB10215-6 Project (FTA) 5 BA (Hons) Accounting & Finance Revised June 2011 HOW WILL I BE TAUGHT AND ASSESSED? Teaching and Learning A wide variety of delivery methods will be employed. Modules will employ, for example, some of the following methods: Lectures Tutorials Structured directed learning Computer Based Workshops Case Study Workshops Group Based Activities Blended learning Independent learning In addition to this, most modules have a dedicated web site that contains additional practice questions, exercises and suggested answers. Past exam papers and assignments are also provided as are multiple links to additional resources such as study skills and accounting glossary. Throughout the Accounting and Finance awards, consideration has been given to how to enrich the learner’s experience and enhance the teacher’s contribution. The emphasis is on the learner as manager of his/her development with the teacher as the catalyst and facilitator in the process. The assumption is that learning is not only for personal growth but also for employability and that the learner is also taking on the responsibility for self-managing his/her career. Given the career aspirations of Accounting and Finance undergraduate students, the assumption is that motivation to develop will be high and the learning experience should reflect this by making demands on the learner to challenge his/her own values, ideas and experiences and to be active rather than passive in his/her development. This will be achieved by creating learning opportunities which will, increasingly as the student progresses, require the learner to demonstrate greater independence as his/her personal growth aspirations are fulfilled. Students will not be expected to simply seek reinforcement of the technical and common sense understanding of traditional training, rather they will be required by the honours level to challenge and explore the subject area from a more critical and reflective perspective. Students’ learning is further enhanced by the inclusion of explicit opportunity to develop, apply and reflect upon a range of relevant personal skills. For example, at level 4 a 30CATS ‘Business Skills’ module, involving a range of transferable skills, is included as core. At level 5 in the module ‘Applied Accounting Software’, students are required to put into practice, within a real IT-based accounting system, many of the concepts and principles learned in level 4, including setting up company details, through to month and year end routines. Each week the students are guided in performing a set of real life instructions which mimic the processing of key, everyday financial transactions. At level 6, prior learning is consolidated within the framework of an individual project, which draws upon their research and communication skills. The level 4 ‘Business Skills’ module also introduces students to the aims of the Personal Development 6 BA (Hons) Accounting & Finance Revised June 2011 Portfolio (PDP) which they then complete throughout the award. At level 4 learning relates predominantly to foundation concepts, principles and techniques, which are then developed further in subsequent levels. At level 5, learning becomes more focused upon the application and extension of level 4 knowledge and skills, with a critical and analytical perspective being required at level 6. Also, as the award progresses, students’ will be expected to develop as independent learners. To this end, the prescribed contact time at levels 4 and 5 is more than for level 6. Independent learning will be further reinforced by the Research Methods module at level 5 and the Project modules at level 6. The 2-Year Mode In order to complete in 2-years, this mode utilises a third teaching block over each summer period. At the beginning of teaching blocks 3 in each year, there are 2 weeks of directed learning followed by an ‘Accelerated Learning Stage’ (ALS). Each ALS consists of a compulsory 2-week learning block of 60 contact hours. The ALS’s are each followed by an 8 week blended learning period incorporating tutor directed materials to facilitate greater use of directed and independent learning for this new mode. This approach ensures that support materials are accessible to the students in a more flexible way, whilst retaining some face-to-face contact. Following the ALS, students will complete their modules via learning support materials on the University virtual learning environment, Blackboard. During this period of study, students may use the resources within the University or choose to study elsewhere, such as at home. Tutors responsible for the delivery of the blended learning modules may, for example, log on to Blackboard to monitor student discussion and queries and will provide support via e-mail and telephone, subject to availability during office hours. The modules common to both the 3-year and 2-year Accounting and Finance awards will continue to be delivered via a standard lecture/tutorial programme. Equally, assessment of these modules will continue to be the same. For the blended learning modules in teaching block 3, these will have the same learning outcomes as the versions delivered in other teaching blocks, but will be adapted to ensure that the teaching and learning strategies facilitate student learning in this ‘fast-track’ mode. In order to provide a more advantageous learning environment, cohort size with be around 25 students. This allows a higher staff-student ratio during the intensive ALS’s of the course. Whilst the course will be an intensive experience for the students, it is acknowledged in the report ‘Accelerated Learning Programmes’ (compiled by Sheffield Hallam University, commissioned by the HEA on behalf of the Department for Education and Skills and the Higher Education Funding Council for England, May 2007) that: “Some research suggests that learners retain knowledge better without long gaps between study and application of knowledge…. intensive learning can offer retention benefits for all students: longer, more intense sessions can stimulate deeper understanding, and in student surveys it was found especially beneficial for higher order learning.” 7 BA (Hons) Accounting & Finance Revised June 2011 Assessment A range of assessment methods are used throughout the three levels to assess the learning outcomes. These include: Time constrained unseen examinations, both written and computerised. Time constrained examinations with pre-issued questions. Short answer tests. Essay based assignments. Short answer assignments. Presentations. Literature reviews. Investigations. Group activities. Formative Assessment and Feedback In order to provide formative assessment and feedback, award modules will employ one or more of the following: Multiple choice tests Quizzes Class presentation Exercises Peer assessed discussion Case study discussions Work shop activities Self assessment tests Class tests Also, when a module has multiple summative assessments then the early assessments will also be formative in nature. All modules will have formative feedback linked to learning outcomes and this will be detailed within the module handbook. Formative feedback is important to give the students a measure of how they are performing on the award; this is particularly the case for the 30 credit core modules that operate across the year and for students on the two year Fast Track version. 8 BA (Hons) Accounting & Finance Revised June 2011 ADDITIONAL INFORMATION Entry Requirements (including IELTS score) All students whose first language is not English will also need a minimum of IELTS 6.0 What qualifications would I need to join this programme? Admissions Criteria 3 GCE/VCE A levels: Normally BCC or CCE plus 40 points from 3 Advanced GCE/ VCEs or a VCE double award or combination. 2 GCE/VCE A levels: Normally a BC or CC plus 40 points from two advanced GCE/ VCEs or a VCE double award or combination GCSE Grade C or above (or equivalent) required for Maths and English. At A-level, 40 points may come from Key Skills level 3, AS or other units For entry on to the 2-year mode: 3 GCE/VCE A levels: Normally BCC GCSE Grade C or above (or equivalent) required for Maths and English. Applicants with non-standard entry qualifications are encouraged to apply. In addition to the above, applicants for the 2-year award will be interviewed. In the case of international applicants where attending a face/face interview may not be practical, a telephone interview will be used. In all cases, the purpose of the interview is to ensure that the student fully understands the rigours of this mode and is motivated to succeed. Disability Statement Staffordshire University operates a policy of inclusive teaching and learning to ensure that all students have an equal opportunity to fulfil their educational potential. Details about how to apply to have your needs assessed can be found at: http://www.staffs.ac.uk/study_here/disabled_students/index.jsp Further information about the award can be found in the relevant Student Handbook and on the University Website. This includes information about optional modules, learning outcomes at levels below honours, student support, and academic regulations. ==================================== 9 BA (Hons) Accounting & Finance Revised June 2011 Programme specification addendum for delivery at London School of Accountancy & Management (LondonSAM) Name and location of partner London School of Accountancy & Management, London. Partnership Context The awards listed below are part of a franchise arrangement with Staffordshire University. Awards to be offered at partner BA (Hons) Accounting & Finance, Level 6 only. Aims / Learning Outcomes See Main Programme Specification, Level 6 only Curricula See Main Programme Specification for Level 6 only In addition students will need to study BSB00140-5 Applied Accounting Software (or by APL from a London SAM course, ie. Sage Line 50) Teaching and Learning See Main Programme Specification Assessment See Main Programme Specification, Level 6 only 10 BA (Hons) Accounting & Finance Revised June 2011 Admissions Criteria Professional Accounting Qualifications Students who have completed the following stages of the professional accounting qualifications will be eligible to progress to Level 6 of the B.A.(Hons) Accounting and Finance award. Association of Certified Chartered Accountants (ACCA) ACCA Part 2 ACCA is made up of three stages/parts - the students must have passed the first 9 modules i.e. Stage 1 - the Knowledge Modules Stage 2 - the Skills Modules Chartered Institute of Management Accountants (CIMA) CIMA Part 2 CIMA is made up of three stages/parts - the students have passed the first 11 modules i.e. Stage 1 - the Certificate Level Stage 2 - the Managerial Level Accounting Software Module In addition to the above qualifications students would need to study the Applied Accounting Software (BSB00140-5) module, which focuses on the main functions of the ‘Sage’ software. Students with a prior qualification in accounting software (eg. LondonSAM Sage 50), will be eligible for the Accreditation of Prior Certified Learning under the University’s AP(E)L Policy. London SAM Graduate Advanced Diploma Students who have passed the LondonSAM Graduate Advanced Diploma in Business Management will be eligible to progress to Level 6 of the B.A.(Hons) Accounting & Finance award. In addition to the above qualification students would need to study the Applied Accounting Software (BSB00140-5) module, which focuses on the main functions of the ‘Sage’ software. Students with a prior qualification in accounting software (eg. LondonSAM Sage 50), will be eligible for the Accreditation of Prior Certified Learning under the University’s AP(E)L Policy. All students whose first language is not English will also need a minimum of IELTS 6.0 Specific Regulations Level 6 only plus BSB00140-5 Applied Accounting Software (or by APL from a London SAM course, ie. Sage Line 50) Two intakes: - September and January Date of completion January 2009 11 BA (Hons) Accounting & Finance Revised June 2011