Accounting and Finance

Kingston University

This module builds on the second-year module BA5803 Management Accounting and is designed to give undergraduate accounting students an advanced course exploring the provision and use of accounting information in management decision-making. Students will be involved in an active learning approach and will be expected to reflect on the purpose and uses of management accounting information, evaluate case study scenarios, discuss theoretical accounting concepts and use a range of practical techniques to solve advanced management accounting related issues.

In this module you will be introduced to the process that corporations undertake to acquire money and allocate it to optimise investment decisions and maximise shareholders' wealth. The module delves into the realm of managing the cost of financing and forecasting future cash flows and returns of different projects. It takes a thorough approach when looking into the various risks which affect corporations, and it will help you analyse and reflect on the interrelationship between interest rates, inflation and taxes and their effect on the viability of different finance sources and investments. You will learn about the relationship between risk and return, investment strategies, different asset classes and their associated benchmarking and valuation methods.

This module focuses on the financial reporting requirements of companies and builds on concepts already studied in the first-year Financial Accounting module. In this module students will consider the concepts and principles that govern the practices of financial accounting, and examine their application through a variety of financial reporting standards across a number of different accounting areas, from non-current assets to contingent liabilities, from inventories to pensions.

Through this module you will develop an understanding of the operational, practical and theoretical issues in auditing. You will also develop an awareness of the audit process, its limitations and the influence of regulation on audits. In order to balance theory with practice, the module covers relevant international standards on auditing and relevant statutes such as the Companies Acts, Fraud Act, Money Laundering Act and Bribery Act. Case law, in so far as it affects auditing practices, will also be discussed. Ethics, corporate governance, environmental and social issues, fair values and information technology will also form part of the course curriculum.

The importance of companies in economic, social and personal life is indisputable and whatever role students will have in a company it is important to understand the nature of its economic decisions. This module builds on the foundations of BA5804 Finance to provide a comprehensive and thorough study of contemporary corporate finance. It incorporates the most recent theoretical and empirical developments in corporate finance and explores the traditional theoretical principles in force alongside the most recent developments. Students will be expected to get involved in discussions and debates of theoretical issues and their application in corporate life and they will be encouraged to develop and adopt a critical approach. 

Students of this module will develop an understanding of the operational, practical and theoretical issues in personal and business taxation. They will develop skills of analysis and interpretation of information and communication of recommendations in a professional manner appropriate to the intended audience (e.g. clients and HMRC).

This capstone module considers financial reporting in a wider business and social context and brings together different threads from the previous modules across the range of subjects studied. The theoretical ideas unpinning financial regulation and reporting are evaluated, as are alternative methods of accounting. The wider business context is considered, such as the role of financial reporting within corporate governance and the importance of ethics and ethical behaviour. This module also widens the scope of financial reporting to larger reporting entities and considers in detail the ideas underpinning, and the reporting requirements for, reporting for a group of companies. The module encourages students to consider current issues which are debated by the media and professionals, in order to build an up-to-date knowledge base of the subject area. The assessment strategy demonstrates a strong focus on developing students' employability skills and graduate attributes through a series of presentations with individual feedback and support.

This module develops your applied understanding of the legal frameworks that shape business activity and professional accountancy practice. You will learn how the English legal system operates, how contractual and tortious obligations arise in commercial relationships, and how companies are formed, financed, and held accountable.

This module gives you a dedicated opportunity to develop your Future Skills Graduate Attributes. At the start of the module, you will be supported to self-assess your current skills profile. You will determine which attributes and skills you need to develop to support your career ambitions. In this process, you will be supported by a dedicated career coach, helping you explore a range of options that includes self-employment/freelancing, starting your own business, higher level study, and other professional graduate-level opportunities. Throughout the module, you will be given opportunities to engage with external mentors, to support reflection and to develop a professional network. You will undertake a tailored series of activities and projects, aligned to your goals, from a menu of development options. This could include short courses, enrichment activities and experiential learning options such as micro-placements. You will also be able to reflect on activities outside the University that develop your graduate attributes, such as work or volunteering.