People Management in the 21st Century (20 credits)
This module will teach students the behavioural aspects of people management in organisations. students will learn effective decision making skills and how to make informed choices to influence organisational action to achieve organisational objectives. By the end of the module students will be able to evaluate objectively and understand organisational behavioural situations and determine the best course of action from a range of perspectives. Students will gain a range of skills and understanding of personality, motivation, group dynamics, communication, conflict management and negotiations, sustainability and ethics and many more.
Contemporary Business Issues (20 credits)
The module will provide the student with an introduction to business concepts and models. Students will learn how to use information sources, research and analyse to apply these concepts to the practice of business. Students will learn about contemporary and emerging business issues, including the structure and organisation of different industry sectors, the changing macro-environment, emergence of new economies and the inter-relatedness of the global trade. Students will gain an understanding of prevailing themes impacting business today, such as, sustainability, enterprise, innovation, corporate social responsibility and globalisation. The module will support the development of students’ study skills for both their academic studies and skills in the modern workplace.
Financial Accounting for Professionals (20 credits)
The aim of this module id to provide an introduction to accounting for students who are majoring in accounting or finance. It provides students with an understanding of accounting with a focus on limited liability companies. Student will develop a firm understanding of accounting topics, including, double-entry, preparation of financial statements for primate limited companies, accounting frameworks and its importance to the users of accounts.
Marketing Principles and Practice (20 credits)
The module is designed to provide students with an introduction to marketing, its fundamental concepts and an overview of marketing practice. Students will learn how marketing differs from the production, product, and sales approaches to business. Student will gain a wider understanding of the differences between the operational role of marketing and how it is applied as an organisational focus and the impact of the marketing environment. The module will define the main core marketing concepts, such as the marketing and services mix, consumer buyer behaviour, product development, market research and strategy, marketing communication, relationship and digital marketing.
Business Analysis (20 credits)
The module will help students develop a range of statistical and computing skills that can be used during the course of their academic program and future careers in business. Students will learn and engage in business and market research, statistics used in business, marketing, economics and finance. Students will engage with published literature and various statistical techniques.
Economics (20 credits)
The aim of the module is to introduce students to the fundamental economic issues stemming from the scarcity of resources. The relationship between business and the economic problem is analysed by means of micro and macro-economic models to equip students with an understanding of decision-making at the levels of the market, the firm and the nation. Students will analyse the operation of the individual market by means of demand and supply models. Students will appraise different markets and the dynamic nature of these markets regarding, perfect competition, monopoly, oligopoly and monopolistic competition. Students will be introduced to macro-economic affairs and will learn how to critically assess current developments in the U.K. and Europe, free market versus government intervention, fiscal and monetary policies and global economies.
Management and Leadership (20 credits)
The module explores the context within which management and leadership takes place; the historical context within which the fundamental principles of management arise; the context of the external environment which impacts on organisational strategy, ambiguity in relation to organisational objectives, policies, working practices, ethical considerations and management approaches. Students will explore a range of different perspectives on management and leadership with particular focus on particular issues.
Research Methods (20 credits)
This module is designed to enable students to develop their skills and expertise in quantitative and qualitative data analysis, and to independently design and conduct an effective piece of research. Students will learn about the nature of academic research and the characteristics of an effective research plan. Students will be introduced to a range of more complex statistical techniques that build on the understanding they developed in Year 1. The use of PASWS to input and analyse data quantitative data will be covered along with techniques for collecting and analysing qualitative data.
Project Management (20 credits)
Students will gain a comprehensive theoretical knowledge of the discipline of Project Management and will examine the role of project management through the application of a range of analytical models and tools as applied to a range of case studies. Student will learn a range of topics in line with various project management methodology, such as the Association of Project Management Body of Knowledge (APM BOK). Student will study a range of topics including, Project Selection Methods, Project Cost Estimating, Project Scheduling, Team-building within Projects, Project Risk Management, Project Quality Management and Project Termination methods. Students will have access to interactive project management software, applications and training programs including, Microsoft Projects and ILX Simulation Program. Additionally, the knowledge gained will enable students to operate effectively in a project oriented environment within any type of business organisation.
Management Accounting (20 credits)
Management Accounting introduces and develops an understanding of the fundamental concepts and techniques of management accounting and applies these techniques in an appropriate way. It also develops students’ ability to critically evaluate the strengths and limitations of these techniques. The module demonstrates how management accounting information may be used for the purposes of planning, decision making, performance measurement and control within organisations, in order to further the organisation's strategic objectives.
International Financial Reporting (20 credits)
International Financial Reporting (NFR) extends the scope of Financial Accounting for Professionals to more advanced topics in financial accounting. It aims to develop knowledge and skills in understanding and applying accounting standards particularly in the preparation of financial statements of entities, including groups. Understanding the theoretical framework and how to analyse and interpret financial statements are essential. Financial reporting deals with the preparation of financial statements. These provide information about the financial performance and financial position of the business to which they relate. They are of value to a wide range of users. This module explains the rules that govern the preparation of financial statements for organisations that comply with international standards.
Corporate and Business Law (20 credits)
Corporate & Business Law (CBL) develops knowledge and skills in the understanding of the general legal framework, and of specific legal areas relating to business, recognising the need to seek further specialist legal advice where necessary; and of compliance with the codes of ethics for professional accountants. This module develops knowledge and skills in the understanding of the general legal framework. It examines specific legal areas relating to business, and develops an appreciation of the legal environment, particularly promoting the ability to recognise the need for further specialist legal advice where necessary.
Contemporary Accounting Issues (20 credits)
Contemporary Accounting Issues develops a critical perspective of the developments in company accounting and disclosure. It explores the evolution of international accounting standards and their implications for users. The module reviews controversial issues in the treatment of accounting transactions and develops the skills required for the interpretation of accounting and other relevant information. The module will build on students existing knowledge of the preparation and analysis of financial reports for business entities. It will contextualise the role of the accountant as a professional steward and analyst by exploring the professional and ethical duties and responsibilities of the accountant to the stakeholders of an organisation. The financial reporting framework and financial reporting requirements in accordance with generally accepted accounting practice and relevant standards will be examined. The accountant’s role in assessing and advising on the implications of accounting regulation will be discussed. The module will critically evaluate current developments in corporate reporting.
Financial Management (20 credits)
The aim of this module is to develop an understanding of corporate financial issues and an understanding of the treasury function and corporate financial strategy. The module will consist of a review of financial techniques which will need to be employed in assessing corporate performance, and introduce new methods of assessing corporate success. The consideration of financial risk management and the various instruments and techniques that are available to business executives will be covered in some depth e.g. portfolio theory, interest rate exposure, currency rate exposure etc. Another key area of study will be the workings and implications of the stock exchange, both in relation to the shareholders and to the business organisations and financial markets. Sources of appropriate funds will be identified and evaluated. The cost of equity capital will be calculated using the weighted average cost of capital (WACC) and the capital asset pricing model (CAPM).
Audit and Assurance (20 credits)
Audit and Assurance plays a vital role in accounting. This module introduces you to key auditing techniques. The importance of the audit function with regard to the independent examination of financial information of any entity, whether profit oriented or not, and irrespective of its size or legal form, is explained. The skills necessary to carry-out such an examination are applied, with a view to developing the knowledge necessary to express an opinion thereon.
Taxation (20 credits)
Taxation plays an important role in society. This module provides an introduction to the most common taxes in the UK; income tax, corporation tax, VAT and capital gains tax. The basic rules are explained, and the taxes are discussed in the context of government policy.
Dissertation (40 Credits)
The aim of the module is to provide students with the opportunity for the practical application of theory to a business oriented problem and to develop research skills and the principles of research design. Student will learn how to produce a brief research proposal. Student will benefit from individual and group tutorial support giving students the opportunity to discuss the nature, scope and suitability of the proposed study before it receives approval. Students will undertake an extended research project in the area of their choice under the supervision of a member of the University Centre.