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Accounting and Finance |
The BA Accounting and Finance has been introduced as a new degree in 2006, as part of an ongoing expansion and development of accounting and finance at Keele. It is a Single Honours degree that will enable students to specialise in accountancy within the broader context of studying finance. Whilst it is a strongly vocational subject, accounting draws upon principles from a range of the social sciences, including economics, finance and law.
The strength of the accounting and finance course at Keele is that it offers students the opportunity to gain a firm grounding in accountancy and finance whilst allowing them to tailor their studies to their individual requirements and interests through a series of options in the second and third years. The course is seeking exemptions to various professional accounting bodies examinations in order to maximise accreditation for professional accountancy qualifications.
NB. Because of variations in staff availability and research interests from time to time, certain courses may not run in particular semesters. Erasmus, Exchange and Study Abroad students please confirm availability with the Department when applying.
| Semester 1 | C/O | TYP | ECTS | CATS | ||
| ECO-10025 | The British and Global Economy | EP | M | 7.5 | 15 | |
| The British and Global Economy studies the major economic questions we face and how they can be addressed by governments and citizens. | ||||||
| LAW-10027 | Business Law | C | M | 7.5 | 15 | |
| The module aims to develop an understanding of the legal framework that informs contemporary business practice (organisation and transactions). The module focuses on key cases and legal principles in contract law and on central issues in corporate governance as reflected in the Companies Act 2006. It is designed as an introduction to the legal issues and legal skills which are important in a business context, and provides an interesting opportunity to explore a core area in contemporary professional services markets. This module uses a combination of lectures and tutorials, formative and summative assessment to develop a range of transferable abilities and skills: reflective, critical and analytic abilities, essay writing, problem solving and legal research skills. | ||||||
| MAN-10015 | Accounting Principles | C | M | 7.5 | 15 | |
| This module introduces students to the fundamental concepts and key techniques of accounting. Students will develop a knowledge and understanding of the basic principles of accounting, providing them with key transferable employability skills. The module syllabus includes income statements, balance sheets and budgeting. It is delivered through weekly lectures and student-centred tutorials.. | ||||||
| MAN-10018 | Management in Context | C | M | 7.5 | 15 | |
| The market place for goods and services has become increasingly dynamic and competitive. Rather than static models of what it means to be a manager we need individuals who can think critically about managing and organizations and what work means for those who are employed in organizations. Management in Context provides the first step in developing such an understanding of management by locating managers within a wider historical, economic, political and sociological context. | ||||||
| Semester 1-2 | C/O | TYP | ECTS | CATS | ||
| ENL-90003 | Academic English for Business Students (Part 1) | EA | C | 7.5 | 15 | |
| Drawing on business-related themes, these sessions will help students to develop and refine the specific writing, reading and verbal communication skills they need to succeed in their studies. Through a series of workshops, lectures, assignments, online and practical tasks and projects, students will improve their ability to: extract key information from academic texts summarise, paraphrase and synthesise information from a variety of sources identify authorial stance, interpret data and read critically cite sources appropriately and write a bibliography write in an accepted academic style engage in academic discussion prepare and deliver academic presentations | ||||||
| Semester 2 | C/O | TYP | ECTS | CATS | ||
| ECO-10017 | Economics of Financial Markets | C | M | 7.5 | 15 | |
| This module provides an overview of financial systems and is designed to equip students with the basic economic concepts necessary to understand the functioning of modern financial systems. It examines the institutional framework that underpins financial markets and the instruments that are traded by financial institutions and enterprises. The module introduces students to the concepts of discounting, investment appraisal, risk, and arbitrage. | ||||||
| ECO-10023 | Quantitative Methods | C | M | 7.5 | 15 | |
| This module is designed especially to cater for the needs of students taking the Principal Economics, Principal Finance or Accounting and Finance Single Honours programme, and is structured to assist them in understanding the technical and quantitative aspects of the subject. No prior knowledge, above basic school maths, is assumed. The module will introduce and develop students&© understanding of a range of statistical and mathematical methods and techniques. These include basic descriptive statistics (measures of central tendency and dispersion), correlation and interdependence, bivariate regression, linear algebra and functions, solving linear simultaneous equations, basic calculus including the notion of the margin and differentiation, maxima and minima. | ||||||
| MAN-10016 | Financial and Management Accounting | C | M | 7.5 | 15 | |
| The module builds on foundational knowledge acquired in a prior module entitled 'Accounting Principles'. It develops knowledge in financial and management accounting which will facilitate student progression through a professionally accredited undergraduate programme in accounting and finance or an accounting pathway. The module includes the development of skills in the preparation and analysis of key financial statements and the development of problem solving skills in management accounting. Students who are awarded a degree in the areas of accounting and finance will have acquired skills relevant to developing a successful career in accounting, finance or financial management. | ||||||
| Semester 1 | C/O | TYP | ECTS | CATS | ||
| ECO-20041 | Asset Pricing | C | M | 7.5 | 15 | |
| This module provides a conceptual framework that enables a student to discuss and evaluate a wide variety of financial instruments. The unifying principle of the course is the so-called "No Arbitrage Principle". Based on this fundamental idea, methods and models used by financial economists in the analysis of asset prices and portfolio choices in stock markets are discussed. | ||||||
| ECO-20042 | Introduction to Econometrics | C | M | 7.5 | 15 | |
| This module is designed especially to cater for the needs of students taking the Principal Economics, Business Economics Single Honours, Principal Finance or Accounting and Finance Single Honours programme, and is structured to assist them in understanding the technical and quantitative aspects of the subject. The module will introduce and develop students understanding of econometrics and the use of statistical methods to investigate selected economic and financial issues (e.g. consumption functions, household labour supply, CAPM) | ||||||
| MAN-20038 | Accounting and Finance - Study Abroad I | EP | C | 7.5 | 15 | |
| This is a module that is automatically allocated to the records our Keele level II students who are going to Study Abroad at a partner University for a semester of their second year and cannot be selected by any other level II students. | ||||||
| MAN-20040 | Accounting and Finance - Study Abroad III | EP | C | 7.5 | 15 | |
| This is a module that is automatically allocated to the records our Keele level II students who are going to Study Abroad at a partner University for a semester of their second year and cannot be selected by any other level II students. | ||||||
| MAN-20041 | Accounting and Finance - Study Abroad IV | EP | C | 7.5 | 15 | |
| This is a module that is automatically allocated to the records our Keele level II students who are going to Study Abroad at a partner University for a semester of their second year and cannot be selected by any other level II students. | ||||||
| MAN-20049 | Cost and Management Accounting | C | M | 7.5 | 15 | |
| This module draws on the knowledge, understanding and capabilities acquired by students in the Accounting Principles and Financial &Management Accounting modules. It is intended to develop their knowledge and understanding of cost and management accounting techniques with regard to forecasting, budgeting, costing and investment appraisal. By the end of the module, students should be able to apply the principles of costing in relevant practical situations, apply management accounting principles in planning and control scenarios and be aware of limitations in cost and management accounting techniques. | ||||||
| MAN-20054 | Taxation | C | M | 7.5 | 15 | |
| This module will introduce students to the context and operations of the U.K. tax system. It will include developing knowledge of V.A.T. and National Insurance contributions and the preparation of income tax, chargeable gains and corporation tax computations, and tax planning. It will prepare students for further studies in accounting and it will also provide transferable skills. It aims to develop a number of graduate attributes including problem solving, research skills, critical evaluation, teamwork and leadership skills. It aims to develop knowledge and skills to obtain exemptions from professional accounting examinations. | ||||||
| Semester 1-2 | C/O | TYP | ECTS | CATS | ||
| ENL-90003 | Academic English for Business Students (Part 1) | EA | C | 7.5 | 15 | |
| Drawing on business-related themes, these sessions will help students to develop and refine the specific writing, reading and verbal communication skills they need to succeed in their studies. Through a series of workshops, lectures, assignments, online and practical tasks and projects, students will improve their ability to: extract key information from academic texts summarise, paraphrase and synthesise information from a variety of sources identify authorial stance, interpret data and read critically cite sources appropriately and write a bibliography write in an accepted academic style engage in academic discussion prepare and deliver academic presentations | ||||||
| ENL-90004 | Academic English for Business Students ( 2) | EA | C | 7.5 | 15 | |
| Drawing on academic business themes and materials, these sessions will provide opportunities for students to further develop their writing, reading and verbal communication skills. Through a series of lectures, workshops, assignments, on-line and practical tasks, students will improve their ability to: Summarise, paraphrase and synthesise information from a variety of sources Cite sources accurately and write a bibliography Gather, interpret and report on data Identify authorial stance and read critically Write in an appropriate academic style Engage in academic discussion Prepare and deliver academic presentations | ||||||
| Semester 2 | C/O | TYP | ECTS | CATS | ||
| ECO-20044 | Portfolio Choice | C | M | 7.5 | 15 | |
| The aim of this module is to provide you with a sound understanding of the economic theories that are used to make well-founded portfolio recommendations to investors. The module builds on the earlier module Eco-20011 Asset Pricing. Students are assessed at the end of the year in a final unseen exam. During the semester students are expected to collect a portfolio on the investment strategies they will implement using a financial market simulation. | ||||||
| ECO-20045 | Banking | EP | M | 7.5 | 15 | |
| This module provides students with an understanding of the specific role played by banks and non-bank financial intermediaries in the financial system; of recent developments that have occurred in the banking industry; of methods to manage the risks to which banks are subjected and of the regulatory environment in which banks operate. | ||||||
| MAN-20042 | Accounting and Finance - Study Abroad V | EP | C | 7.5 | 15 | |
| This is a module that is automatically allocated to the records our Keele level II students who are going to Study Abroad at a partner University for a semester of their second year and cannot be selected by any other level II students. | ||||||
| MAN-20043 | Accounting and Finance - Study Abroad VI | EP | C | 7.5 | 15 | |
| This is a module that is automatically allocated to the records our Keele level II students who are going to Study Abroad at a partner University for a semester of their second year and cannot be selected by any other level II students. | ||||||
| MAN-20044 | Accounting and Finance - Study Abroad VII | EP | C | 7.5 | 15 | |
| This is a module that is automatically allocated to the records our Keele level II students who are going to Study Abroad at a partner University for a semester of their second year and cannot be selected by any other level II students. | ||||||
| MAN-20045 | Accounting and Finance - Study Abroad VIII | EP | C | 7.5 | 15 | |
| This is a module that is automatically allocated to the records our Keele level II students who are going to Study Abroad at a partner University for a semester of their second year and cannot be selected by any other level II students. | ||||||
| MAN-20051 | Intermediate Financial Accounting | C | M | 7.5 | 15 | |
| The module builds on the knowledge acquired in the two prior accounting modules: Accounting Principles and Financial and Management Accounting. It is designed as an intermediate study of financial accounting considering international financial reporting. The module provides students with the knowledge and skills to help them apply current accounting standards, and critically appraise the underlying concepts and financial reporting methods. This module uses a combination of lectures and tutorials, formative and summative assessment to develop a range of transferable abilities and skills: reflective, critical and analytic abilities, essay writing, problem solving and accounting research skills. Students who are awarded a degree in the areas of accounting and finance will have acquired skills relevant to developing a successful career in accounting, finance or financial management. | ||||||
| MAN-20052 | Green Accounting | EP | C | 7.5 | 15 | |
| This module aims to give students an understanding and knowledge of the nature, purpose and scope of alternative mechanisms of corporate accountability. The aim is to provide students with an understanding of the relationship between corporate performance, accountability, and ethical, social and environmental impact, and to acquire the knowledge to critically appraise ethical, social and environmental reports and recognize their limitations; to understand the basis and objectives for Eco audits as an independent validation process. | ||||||
| MAN-20057 | Corporate Social Responsibility | C | M | 7.5 | 15 | |
| The aim of the module is to provide critical understanding about the changing relationship between business and society in the context of globalisation. This course provides a broad introduction to and an opportunity to deliberate upon some of the ethical challenges which firms encounter, and to examine the theoretical frameworks available in order to resolve or discuss these challenges. | ||||||
| Semester 1 | C/O | TYP | ECTS | CATS | ||
| ECO-30038 | Corporate Finance | C | M | 7.5 | 15 | |
| The aim of this module to introduce the necessary theoretical and practical background in finance that is used to assess financial decisions within corporations. The module will explain what defines a corporation and how they are financed. It covers investment decisions and techniques for capital budgeting and examines risk management techniques and their applications. The impact of taxation of corporations and dividend payout policies are also examined. | ||||||
| ECO-30040 | Options and Futures | O | M | 7.5 | 15 | |
| This course deals with the valuation and hedging of options, forward contracts, swaps and other derivatives. The pricing of options and other derivatives depends on three key factors: 1. the volatility of the underlying assets; 2. the extensive use of arbitrage arguments to price assets as discussed in ECO-20041 (Asset Pricing) and 3. the present value and discounting procedures to value streams of returns as analysed in ECO-10017 (Economics of Financial Markets) and ECO-20044 (Portfolio Choice). Bringing these three elements together and deepening the understanding of each, it will be shown how complex derivatives, like index options, swaps and forward contracts can be analysed. Derivatives type securities such as warrants, convertibles and rights issues are used by companies and are part of the analysis of Corporate Finance. | ||||||
| ECO-30040 | Options and Futures | EP | M | 7.5 | 15 | |
| This course deals with the valuation and hedging of options, forward contracts, swaps and other derivatives. The pricing of options and other derivatives depends on three key factors: 1. the volatility of the underlying assets; 2. the extensive use of arbitrage arguments to price assets as discussed in ECO-20041 (Asset Pricing) and 3. the present value and discounting procedures to value streams of returns as analysed in ECO-10017 (Economics of Financial Markets) and ECO-20044 (Portfolio Choice). Bringing these three elements together and deepening the understanding of each, it will be shown how complex derivatives, like index options, swaps and forward contracts can be analysed. Derivatives type securities such as warrants, convertibles and rights issues are used by companies and are part of the analysis of Corporate Finance. | ||||||
| MAN-30041 | Advanced Financial Reporting | EP | M | 7.5 | 15 | |
| The module is designed as an advanced study of financial accounting considering international financial reporting. The module provides students with the knowledge and skills to apply current accounting standards, and critically appraise the underlying concepts and financial reporting methods. Students will also acquire knowledge and understanding of the complex theoretical frameworks applied in the financial reporting. The module uses a combination of lectures and tutorials, formative and summative assessment to develop a range of transferable abilities and skills: reflective, critical and analytic abilities, essay writing, problem solving and accounting research skills. | ||||||
| MAN-30041 | Advanced Financial Reporting | O | M | 7.5 | 15 | |
| The module is designed as an advanced study of financial accounting considering international financial reporting. The module provides students with the knowledge and skills to apply current accounting standards, and critically appraise the underlying concepts and financial reporting methods. Students will also acquire knowledge and understanding of the complex theoretical frameworks applied in the financial reporting. The module uses a combination of lectures and tutorials, formative and summative assessment to develop a range of transferable abilities and skills: reflective, critical and analytic abilities, essay writing, problem solving and accounting research skills. | ||||||
| MAN-30045 | Management Accounting | C | M | 7.5 | 15 | |
| This module will develop the knowledge and understanding of management accounting concepts and techniques acquired in the Level 2 module: Cost and Management Accounting. Students will learn to apply key principles and techniques of management accounting to decision making situations. These include: Multiple breakeven charts and profit volume charts. Decisions involving limiting factors. External pricing decisions. Internal charging and transfer pricing. Relevant costs for decision making. Risk, uncertainty and sensitivity. Advanced aspects of investment appraisal. Behavioural and social aspects of management accounting. In addition, students will acquire knowledge to critically appraise the nature of decision making and evaluate the roles of accounting in decision making. The module aims to develop knowledge and skills to obtain exemptions from professional accounting examinations. Transferable skills and graduate attributes will be fostered. | ||||||
| Semester 1-2 | C/O | TYP | ECTS | CATS | ||
| ENL-90003 | Academic English for Business Students (Part 1) | EA | C | 7.5 | 15 | |
| Drawing on business-related themes, these sessions will help students to develop and refine the specific writing, reading and verbal communication skills they need to succeed in their studies. Through a series of workshops, lectures, assignments, online and practical tasks and projects, students will improve their ability to: extract key information from academic texts summarise, paraphrase and synthesise information from a variety of sources identify authorial stance, interpret data and read critically cite sources appropriately and write a bibliography write in an accepted academic style engage in academic discussion prepare and deliver academic presentations | ||||||
| ENL-90004 | Academic English for Business Students ( 2) | EA | C | 7.5 | 15 | |
| Drawing on academic business themes and materials, these sessions will provide opportunities for students to further develop their writing, reading and verbal communication skills. Through a series of lectures, workshops, assignments, on-line and practical tasks, students will improve their ability to: Summarise, paraphrase and synthesise information from a variety of sources Cite sources accurately and write a bibliography Gather, interpret and report on data Identify authorial stance and read critically Write in an appropriate academic style Engage in academic discussion Prepare and deliver academic presentations | ||||||
| Semester 2 | C/O | TYP | ECTS | CATS | ||
| ECO-30037 | International Finance | O | M | 7.5 | 15 | |
| This module is designed to familiarize students with the structure and operation of the foreign exchange market, the determinants of the foreign exchange rate and the characteristics of international financial markets. The module will introduce the principle international parity conditions and consider the question of whether international markets are efficient or not. | ||||||
| ECO-30037 | International Finance | EP | M | 7.5 | 15 | |
| This module is designed to familiarize students with the structure and operation of the foreign exchange market, the determinants of the foreign exchange rate and the characteristics of international financial markets. The module will introduce the principle international parity conditions and consider the question of whether international markets are efficient or not. | ||||||
| ECO-30043 | Economic and Business Forecasting - ISP | EP | C | 7.5 | 15 | |
| The ability to analyse quantitative information and produce and evaluatate forecasts is a highly prized skill in business and industry. This module is designed to familiarize you with a variety of methods and techniques used for forecasting economic and business data and their use in economic and business decision-making. The module will consider, in turn, applications and merits of various smoothing methods, time series decomposition, univariate time series and structural modelling forecasting methods. Methods of forecast evaluation will also be examined. The module is hands-on and students will learn how to apply the various forecasting techniques using real data. The module will develop further IT skills associated with the use of Stata and other software packages. Module assessment is based upon completion of a report comprising of three forecasts produced independently. | ||||||
| ENL-90005 | Advanced Business English Communication | EA | C | 7.5 | 15 | |
| In this highly competitive climate you need something to set you apart from others. This module will provide you with the specialist language and professional communication skills you will require if you wish to pursue a career in business. This highly practical module will build upon and complement your existing language skills by working on themes such as negotiating strategies and presenting visual information. Revision of essential grammatical structures and functional areas of language as well as building a subject-specific bank of key words will provide you with the confidence to engage fluently and competently in a variety of business contexts. | ||||||
| MAN-30038 | Corporate Governance | EP | M | 7.5 | 15 | |
| The issue of how to improve the way in which organisations are managed in terms of their obligations to their various stakeholders has been salient for some time, in the wake of a series of 'accounting scandals'. This module considers the issues around corporate governance from both theoretical and practical perspectives and examines the relationship between corporate governance and internal audit. The aim is to build on the knowledge and understanding acquired in previous modules, particularly in financial accounting and reporting, and in the Audit Framework module. | ||||||
| MAN-30039 | The Audit Framework | C | M | 7.5 | 15 | |
| This module draws upon knowledge, understanding and capabilities derived from study of previous business law, financial accounting and reporting modules in the accounting programmes. It develops knowledge and understanding of the roles of the external and internal auditor, the regulatory framework and the theory and practice of external and internal audit. Key techniques in auditing will be introduced. By the end of the module, students should appreciate the need for and and nature of the audit process. This will apply to both external and internal audit, in the private and public sectors. They will also have developed a critical awareness of the roles of auditors within organisations and society. | ||||||
| MAN-30046 | Advanced Management Accounting | EP | M | 7.5 | 15 | |
| This module draws on the knowledge, understanding and capabilities acquired by students on the Cost &Management Accounting and Management Accounting modules. It is intended to develop their knowledge and understanding of advanced management accounting concepts and techniques with regard to budgeting, costing, investment appraisal and performance evaluation; particularly at the strategic level. By the end of the module, students should be able to apply the principles of management accounting in respect of issues at the forefront of current research and debate.They will also be able to demonstate an understanding of the uses and limitations of advanced management accounting techniques. | ||||||
| MAN-30046 | Advanced Management Accounting | O | M | 7.5 | 15 | |
| This module draws on the knowledge, understanding and capabilities acquired by students on the Cost &Management Accounting and Management Accounting modules. It is intended to develop their knowledge and understanding of advanced management accounting concepts and techniques with regard to budgeting, costing, investment appraisal and performance evaluation; particularly at the strategic level. By the end of the module, students should be able to apply the principles of management accounting in respect of issues at the forefront of current research and debate.They will also be able to demonstate an understanding of the uses and limitations of advanced management accounting techniques. | ||||||