University of Chester

Programme Specification
Banking and Finance BSc (Hons) (Single Honours)
2016 - 2017

Bachelor of Science (Single Honours)

Banking and Finance

Banking and Finance (UCS) (including a Foundation Year)

University of Chester

University of Chester

Chester (foundation year), University Centre Shrewsbury (levels 4-6)

Undergraduate Modular Programme

Full-time and Part-time

Classroom / Laboratory,

4 years

7 Years

Annual - September




17a. Faculty

17b. Department

Business and Management Business and Finance

Banking and Finance

Learning and Teaching Institute (Level 3); Business and Management (Level 4-6)

Monday 18th January 2016

  • To provide the capacity for the critical evaluation of arguments and evidence in the study of Banking and finance

  • To demonstrate an ability to analyse and draw reasoned conclusions concerning structured and to a more limited extent, unstructured problems from a given set of data and from data which must be acquired by the student

  • To demonstrate the ability to locate extract and analyse data from multiple sources , including acknowledgement and referencing of sources

  • To apply numerical skills, including the ability to manipulate financial and other numerical data and to appreciate statistical concepts at an appropriate level

  • To demonstrate application of skills in communication and information technology through acquiring, analysing and communicating information (including use of spreadsheets, standard statistical package, word processing and databases)

  • To present communication skills including the ability to present quantitative and qualitative information together with analysis, argument and commentary in a form appropriate to different customers/audiences (including experience of group working and both oral and written presentation)

  • To place the academic study of Banking and finance within an applied management centred approach

  • To expand the capacity for independent and self managed learning by encouraging the knowledge, skills and attitudes to become life-long learners and practitioners who recognise the need to engage in Continuous Personal and Professional Development; through a coherent programme of study in Banking and finance, that will prepare students for employment and or further study academically and /or professionally.

At level 4 students will be expected to:

  • Develop an understanding of the relationship between organisation and stakeholder, lending, associated products and securities (BU4801, BU4802)
  • Develop a familiarisation of risk assessment and a knowledge of impact, business resilience and mitigation
  • Analyse and interpret financial data arising from a variety of contexts using statistical and financial analysis (BU4010)
  • Develop an understanding of management accounting in relation to decision making (BU4009)
  • Understand key economic concepts and methods used in business (BU4006)

At level 5 students will be expected to:

  • Assess and evaluate the social, political and economic issues facing contemporary organisation (BU5001, BU5027)
  • Evaluate the role of operation management and evaluate the tools and techniques for managing operations (BU5001, BU5027)
  • Apply and analyse the principles of taxation, role of regulation in financial reporting and role of International Accounting Standards (BU5006)
  • Analyse the legal, practical and philosophical aspects of retail banking (BU5801)
  • Assess and evaluate the contemporary isssues in banking (BU5802)

 At level 6 students will be expected to:

  • Synthesise and consolidate knowledge of strategic financial management and related decisions (BU6006)
  • Critically evaluate the principal concepts of international financial management and to understand financial strategies through application of relevant analytical tools (BU6303)
  • Critically evaluate the professional ethics and legal regulation in the banking industry (BU6801)
  • To synthesise issues relating to the business and corporate banking environment threough the application of principles and techniques (BU6802) 


At level 4 students will be expected to:

  • Apply management accounting to decision making in organisations (BU4009)
  • Apply accounting concepts and conventions in relation to accounting data (BU4007)
  • Interpret quantitative techniques for decision making purposes (BU4010)

At level 5 students will be expected to:

  • Evaluate analytical models of decision making within the boundaries of organisational capabilities (BU5001, BU5027)
  • Examine the challenges and significance of contemporary issues facing the banking industry (BU5802)
  • Apply the principles and concepts of regulation to taxation and financial reporting  (BU5006)

At level 6 students will be expected to:

  • Critically interpret financial and non financial data to develop reasoned arguments and to challenge assumptions (BU6006, BU6303, BU6801, BU6802)
  • Make informed and ethical judgements relating to the law, ethics and regulation of the business and corporate banking industry (BU6801)
  • Independently conduct a research project which requires analysis and synthesis of ideas and evidence (BU6001)



At level 4 students will be expected to:

  • Locate, extract and manipulate financial and non-financial data (BU4009, BU4007, BU4010)
  • Maintain, record and summarise accounting data using manual and computerised systems (BU4007, BU4010)
  • Apply quantitative techniques to decision making processes (BU4010)
  • Apply principles of lending and key risks facing banking professionals ( BU4801, BU4802)

At level 5 students will be expected to:

  • Demonstrate the ability to analyse and interpret financial and non financial data (BU5006, BU5007)
  • Prepare financial statements with reference to international accounting standards (BU5006)
  • Apply legal, practical and philosophical aspects of the retail banking environment (BU5801)

At level 6 students will be expected to:

  • Design and undertake appropriate in-depth research in an elected and related area of study (BU6001)
  • Evaluate and communicate financial and non financial information to stakeholders and decision makers (BU6006, BU6303)
  • Meet the requirements of professional Banking bodies leading to the awarding of exemptions/accreditation of modules at the discretion of the professional bodies (not by the University) (BU6801, BU6802)

At level 3 students should be able to:

  • Communicate the ideas of others and their own ideas in an academic format.
  • Use IT applications effectively for research and presentation purposes.
  • Discuss and debate relevant topics and ideas as part of the learning process.
  • Convert researched information to a summarised form.

At level 4 students will be expected to:

  • Use appropriate quantitative and qualitative skills to analyse financial and non financial data (BU4009, BU4007, BU4010)
  • Communicate financial data to stakeholders through the preparation of reports using appropriate information and communication technology (BU4007)
  • Work with others - effective listening, presentation and persuasion. (BU4006, BU4007, BU4009, BU4010, BU4802, TM4027)

At level 5 students will be expected to:

  • Use appropriate quantitative and qualitative skills including identifying and formulating financial, banking and business problems (BU5027, BU5006, BU5007, BU5801, BU5802)
  • Communicate and present financial and non financial data relating to specific business scenarios using appropriate information and communication technology (BU5027, BU5006, BU5007)
  • Communicate in a range of settings, responses relating to the challenges faced by the finance and banking sector.(BU5801, BU5802)

At level 6 students will be expected to:

  • Solve financial, business and banking problems by applying ideas and knowledge to a range of situations and tasks using appropriate information and communication technology (BU6006, BU6303, BU6801, BU6802)
  • Present a range of solutions and recommendations relating to various case studies live and published (BU6006, BU6303, BU6801, BU6802)
  • Have developed and improved own learning and performance - including self awareness, independence, the skills of reflective, adaptive and collaborative learning (BU6001, BU6006, BU6303, BU6801, BU6802)


The foundation year of the programme is designed to introduce students to topics within Business, Law and Social Sciences undergraduate degrees offered by the University, in conjunction with an academic skills curriculum to support learning and preparation for progression to level 4. There are synergies between the foundation year and the level 4 curriculum that students progress to. This includes module topics and themes that relate to the transference of knowledge and skills to the workplace, and the relevance of differing modes of teaching, learning and assessment.

There is a 20 credit module within the foundation year, University Study Skills, which offers students skills-based learning in preparation for level 4-6 studies to support academic progression, and to provide an introduction to successful undergraduate studentship.

The Banking and Finance programme is designed as a balanced academic and vocationally orientated programme that aims to prepare students to become competent and knowledgeable in the fields of Banking and finance. The aim of the programme is to provide students with the requisite academic, vocational and transferable skills, knowledge and understanding to embark upon careers in Banking and finance. The structure of the programme has been developed based upon the requirements of the professional Banking bodies. The structure of the single honours in Banking and Finance offers a coherent programme within each year of study. This coherence is reinforced by progression between levels allowing the development of thematic strands between levels. Construction of the programme also took cognisance of the latest syllabus developments and requirements of the professional Banking bodies.

The Banking and Finance programme is divided into three years with six modules (each worth 20 credits) in each year. The first year does not assume any prior knowledge relevant to a Banking and Finance degree but will provide a strong underpinning for more detailed academic and technical studies in later years. Modules at year one will concentrate on building and consolidating knowledge and understanding of the fundamental principles of Banking and Finance placed in the context of the UK business environment. The theoretical and conceptual underpinning of Banking and finance will play an essential part of this level of study. Thematically it is the specialist subjects of Banking Operations, Credit and Risk, Compliance and Finance.

The BSc (Hons) Banking and Finance is particularly suited to students interested in careers in Banking and finance but will also appeal to students seeking opportunities in financially based organisations or in general management roles. This programme has been designed to provide students with a strong foundation in key aspects of Finance. The structure of the single honours degree offers the introduction of key aspects in first year study coupled with thematic progression and development through the three years of study, addressing the fundamental structure of Banking and Finance.

Mod-Code Level Title Credit Single
FP3002 0 University Study Skills 20 Comp
FP3003 0 Independent Project 20 Comp
FP3101 0 Introduction to Business 20 Optional
FP3102 0 Introduction to the Social Sciences 20 Comp
FP3103 0 Introduction to Law 20 Comp
FP3104 0 Foundation Maths 20 Comp
FP3105 0 Global Perspectives 20 Optional
BU4006 4 Business Economics 20 Comp
BU4007 4 Financial Accounting 1 20 Comp
BU4009 4 Management Accounting 1 20 Comp
BU4010 4 Quantitative Methods in Finance 20 Comp
BU4801 4 Banking Operations 20 Comp
BU4801 4 Banking Operations 20 Comp
BU4802 4 Banking, Credit and Risk 20 Comp
BU5001 5 Management Decision Making 20 Comp
BU5006 5 Financial Accounting 2- financial operations 20 Comp
BU5027 5 Organisational Management 20 Comp
BU5801 5 Retail Banking 20 Comp
BU5802 5 Contemporary Issues in Banking 20 Comp
WB5101 5 Enhancing your Employability through Work Based Learning 20 Comp
BU6001 6 Business Dissertation 40 Comp
BU6006 6 Strategic Finance and Accounting 20 Comp
BU6303 6 International Financial Management 20 Comp
BU6801 6 Law, Ethics and Banking Regulation 20 Comp
BU6802 6 Business and Corporate Banking 20 Comp

Level 3: 120 credits

Level 4: 120 credits

Level 5: 120 credits

Level 6: 120 credits

Total: 480 credits

Graduates of the programme who wish to attain membership of the Chartered Institute of Management Accountants (CIMA) can claim exemption from five papers (C01 – C04 plus F1), meaning these do not have to be studied for. Candidates must apply for these exemptions directly to CIMA.

  • 180 UCAS points from GCE A Levels
  • BTEC Extended Diploma: MMP-MPP
  • BTEC Diploma: MM
  • Access Diploma – Pass overall
  • International Baccalaureate: 24 points
  • Irish / Scottish Highers - CCCC

GCSE Maths at grade C required.

Other vocational qualifications at Level 3 will also be considered, such as NVQs.

Mature students (21 and over) that have been out of education for a while or do not have experience or qualifications at Level 3 (equivalent to A-levels) will be considered on a case-by-case basis.



The design of this programme was informed by the subject benchmark statements for Accounting (2007) and Finance (2007). The two relevant benchmarks were applied to clarify the scope of the new programme through definitions of the role of accounting and finance. The definitions identified the nature and extent of finance as an activity being concerned with capital markets and the interaction between such markets and economic units. This leads to exploration of the design and operation of financial systems, structures and instruments which extends to understanding of financial asset pricing, issues of risk and value maximising behaviour. From the accounting benchmark the definition informed construction of the programme by addressing the design, operation and validation of accounting systems and their impact on individuals, organisations, markets and society. This benchmark also identified other areas to include requiring the provision and analysis of information for a variety of uses - decision-making, accountability, managerial, regulatory and resource allocation purposes. The perspective adopted in the creation of the programme aimed to incorporate some aspects of the behavioural, economic, political and sociological. Additionally, the benchmarks have been applied to establish the cognitive abilities and generic skills required by a degree incorporating accounting and finance. The subject specific knowledge and skills identified by both benchmarks have also been incorporated into the construction of the programme.

The methods of learning and teaching are geared to progression and integration through the levels of the programme. The individual module descriptors provide details of learning outcomes as well as methods of teaching and learning. The major forms of teaching methods will be lectures, seminars and workshops. Other methodologies will be employed as appropriate. These may include; field trips, masterclasses, workshops, visits, directed reading, interactive learning via the University computer network, case study analysis, individual research, group learning activities, reflective log/portfolio (e.g. utilising student progress files in relation to personal development planning) and presentations. Industry practitioners will also be used wherever possible, as repositories of up to date, expert knowledge in their specialist or functional areas.

The Department seeks to deliver varied, high-quality learning experiences, teaching and assessment in order to develop appropriate knowledge and understanding, and to enhance a variety of key/transferable skills. This is facilitated through the outcome-directed nature of learning, teaching and assessment, in a student-centred environment, which provides incremental opportunities for independent and autonomous learning. The assessment strategy for this degree will serve three purposes: To test the level of knowledge and skills acquired, measured against the specified learning outcomes and applied within the fields of Banking and Finance To provide the vehicle for modular integration throughout the programme To promote teaching and learning, that will assist students in the achievement of academic goals and imbue them with skills and attitudes which will assist in life-long learning. Assessment will follow the university model of a 4,000 word equivalency per module. Each module will be summatively assessed by a minimum of two assessments, with formative assessment also employed throughout. Student assessment will employ rigorous, objective testing to ensure that learning outcomes are met. Assessment tasks will grow in sophistication and complexity as a student progresses on the programme. For example: at Level Four a student may be asked to describe, discuss, compare, and outline; at Level Five a student may be asked to evaluate, analyse, justify, and differentiate; at Level Six a student may be asked to criticise, synthesise, appraise, formulate. However, it is expected that students will begin to use and develop critical skills from the beginning of the programme. Students will be assessed in a number of ways, including essays, industry-related reports, presentations, assessed seminars, reflective reports, examinations. The departmental assessment strategy has been created in accordance to the University's Teaching, Learning & Assessment strategy. As a consequence of the desire to seek optimum exemptions/accreditation to be awarded at the discretion of the professional accountancy bodies (not the University)- all modules to which exemption/ accreditation could be applied will carry a minimum 70% unseen examination as a part of the assessment strategy at all levels. The reaching of 70% will necessitate a three hour exam, which is in line directly with the exams conducted by the professional bodies.

Students undertaking the BSc single honours route in Banking and Finance will have the core knowledge and skills relating to Banking and the world of finance, placed within a management context that are crucial to successful business operations, whether profit or non profit orientated. The significance of the need to study Banking and Finance has been demonstrated by the turmoil in the financial sector and the implications of this for all organisations on a local, national and global level. We anticipate that the appeal of this programme will extend to knowledgeable and aware graduates with strong skills (numeric and non numeric). Students could choose to develop careers within banking, finance and management in financially orientated organisations e.g banking or financial services or to apply their skills and knowledge within more generic management roles. It is anticipated that the programme will contribute to the University’s employability strategy by producing students with sound and well-articulated skills for the workplace and supplying suitably prepared graduates to meet the needs of the local, regional and national economy. This is particularly significant in the light of recent government reports emphasising vocationalism in higher education. The curriculum, through carefully planned modules, will respond to the needs of individual students seeking rewarding employment as well as employers seeking to employ graduates with relevant, generic, transferable and specialist skills. In accordance with the QAA Framework for Higher Education Qualifications descriptor, typical holders of the BSc single Honours Banking and Finance should be able to: apply the methods and techniques that they have learned to review, consolidate, extend apply their knowledge and understanding initiate and carry out projects; critically evaluate arguments, assumptions, abstract concepts and data (that may be incomplete), to make judgements frame appropriate questions to achieve a solution - or identify a range of solutions - to a problem communicate information, ideas, problems, and solutions to both specialist and non-specialist audiences display qualities and transferable skills necessary for employment requiring the exercise of initiative and personal responsibility decision-making in complex and unpredictable contexts the learning ability needed to undertake appropriate further training of a professional or equivalent nature.

Consistent with the University’s commitment to widen access and participation, the Department has a flexible admissions policy, and encourages applications from mature students and from groups normally under-represented in higher education. The general policy is to look for a good level of literacy, together with proven interest and/or experience in an appropriate subject. The Department has considerable experience in successfully addressing the practical and learning needs of a wide range of students. This include mature students, those entering education with a non-standard academic background and those with a wide range of disabilities. Equality and diversity issues are embedded and addressed in all departmental modules.

This BSc Programme in Banking and Finance has been developed to facilitate progression for students into the Banking profession by creating modules which aim to enhance employability in the relevant sectors. Formulation of the construct of this Programme took cognisance of the Banking environment nationally and internationally together with the need to consider the long-term aspirations of students undertaking study in Banking and Finance. The professional Banking Bodies offer currency as they reflect the knowledge and skills required by individuals to operate in the fields of Banking and Finance.

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