University of Chester

Programme Specification
Accounting and Finance BSc (Hons) (Single Honours)
2014 - 2015

Bachelor of Science (Single Honours)

Accounting and Finance

Accounting and Finance (Dimensions)

University of Chester

Dimensions International College


Undergraduate Modular Programme

Full-time and Part-time

Classroom / Laboratory,

3 years

7 Years





17a. Faculty

17b. Department

Business and Management Business and Finance

Accounting (2007)

Finance (2007)


Sunday 1st April 2012

  • To provide the capacity for the critical evaluation of arguments and evidence in the study of accounting 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 intended audiences (including experience of group working and both oral and written presentation) 
  • To place the academic study of accounting 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 who recognise the need to engage in Continuous Personal and Professional Development; through a coherent programme of study in accounting and finance, which will prepare students for employment and or further study academically and /or professionally 

Knowledge and Understanding

  • Acritical understanding and appreciation of the business context in which accounting and finance operate including knowledge of the insitutional framework necessary for understanding the role, operation and functions of markets and financial institutions
  • Acritical understanding of the main current and alternative languages and practices of accounting in specified socio-economic domains
  • Adeveloped application of ability to understand, appreciate, record and summarise transactions and other economic events, combined with preparation of financial statements and analysis of the operations of business
  • An ability to apply, theorise and test contemporary theory and empirical evidence in relation to accounting in varied contexts, linked with a knowledge of the relevance of major theoretical tools and theories of finance and application of these to theoretical and practical problems
  • An ablity to test, analyse and interpret financial data arising from a variety of contexts using statistical and financial analysis including the behaviour of economies, organisations and individuals

Thinking or Cognitive Skills

  • Demonstrate an appreciation of the intellectual skills required at each level of study by the QAA benchmarks and acceptance of responsibility for own learning and continuing professional development
  • Independently research, investigate and assess accounting and finance specific facts, theories, paradigms, principles and concepts
  • Critically assess and evaluate evidence and argument to reach considered view
  • Critical interpretation of financial and non financial data to develop reasoned arguments and to challenge assumptions

Practical Skills

  • Ability to locate, extract and manipulate financial and non financial data
  • Ability to analyse, interpret, evalute and communicate financial information to users
  • Ability to apply of principles and techniques to formulate solutions to accounting and finance related problems
  • Ability to apply accounting and finance related software to accounting and finance related issues

Key Skills
  • Communication
  • Application of Number
  • Information Literacy and Technology
  • Improving own learning and performance
  • Working with others
  • Problem solving

  • Communication - oral and in writing, using a range of media which are widely used in business, for example, the preparation and presentation of business reports
  • Application of Number - using appropriate quantitative and qualitative skills including identifying, formulating and solving business problems, including data analysis, interpretation and extrapolation
  • Information Literacy and Technology through use of appropriate information and communication technology - generic e.g. Word, databases and specific e.g. software accounting packages and spreadsheets
  • Improving own learning and performance - including self awareness, independence, the skills of reflective, adaptive and collaborative learning
  • Working with others - leadership, team building, project management skills, plus effective listening, negotiating, persuasion and presentation
  • Problem solving - the ability to create, evaluate and assess a range of options together with the capacity to apply ideas and knowledge to a range of situations and tasks/problems

Transferable Professional Skills

  • Meeting the requirements of professional accounting bodies leading to the awarding of exemptions/accreditation of modules at the discretion of the professional bodies (not by the University)

The 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 accounting 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 accounting and finance. The structure of the programme has been developed based upon the requirements of the professional accounting bodies and directly informed by QAA benchmarks in Accounting (2007) and Finance (2007). The structure of the single honours in Accounting 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.

Construct of the programme also took cognisance of the lastest syllabus developments and requirements of the professional accounting bodies to optimise exemptions from the professional accounting bodies.

The programme is divided into three years with six modules (each worth 20 credits) in each year. The first year offers all core modules and does not assume any prior knowledge relevant to an Accounting 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 accounting and finance. The theoretical and conceptual underpinning of accounting and finance will play an essential part of this level of study. Thematically it is the specialist accounting subjects of Financial Accounting, Management Accounting and Management which form the core of study through this and subsequent years. In the first year this is represented by all core modules including  financial and management accounting which offer a grounding in accounting and finance supported by incorporating exposure to accounting packages and introduction to spreadsheets as part of the knowledge and skills development.  Other modules at this level will include quantitative methods for finance, law and ethics, economics and the management of people and organisations. Skills will be embedded at all levels with particular focus on information technology to assist in the development of employability and professional attitudes to work. 

The BSc (Hons) Accounting and Finance is particularly suited to students interested in careers in accounting 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 accountancy. 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 accounting and finance. The three core areas being identified as crucial for a degree in accounting and finance are financial accounting, management accounting and management. 

 The table below details the development of the core areas over the three years of study

 Table 1 BSc Hons Accounting and finance development of core areas

Core area

Year 1

Level 4 module

Year 2

Level 5 module

Year 3

Level 6 module

Financial accounting


Financial accounting 1


Financial accounting 2 -financial operations


Financial accounting 3-

 Financial management

Management accounting


 Management accounting 1


Management accounting 2- Performance operations


Management accounting 3-

 Performance management



Quantitative methods in finance

BU5005 Enterprise operations


Strategic Enterprise Management

The second year is comprised of core modules and will build upon the first year foundation and consolidate areas studied  in the first year. Specifically modules in financial and management accounting will be expanded and developed .  The modules studied in year two will reflect an operational theme - focusing upon the operationalisation of financial and management accounting (allowing development of IT spreadsheets skills). Other modules will focus on management issues including  enterprise operations (incorporating operational management, information systems and the global business environment),  human resource management and marketing . These modules will offer exposure to other major functional areas of organisations.

These theoretical and practical modules are designed to address the FHEQ requirements that students develop a sound understanding of principle, are able to apply these principles and are able to evalute the appropriateness of different approaches linked with a vocationally orientated experience.

The three year degree will again focus on development of both financial and management accounting. In financial accounting, there is a focus on analytical elements and the evaluation and synthesis of knowledge and in management accounting the focus is on decision-making.  IT skills will continue to be expanded through use of spreadsheets and financial modelling. Strategic enterprise management will offer the Management contextualisation.

The other modules consist of auditing, strategic finance and accounting, and international finance.

By this level of study students will  be able to demonstrate an understanding of the complex body of knowledge relating to accounting and finance, will have the ability to apply analytical techniques and problem solving skills and be able to evalute evidence to reach sound judgements which can be communicated effectively.

Mod-Code Level Title Credit Single
BU4001 4 Managing People and Organisations 20 Comp
BU4006 4 Business Economics 20 Comp
BU4007 4 Financial Accounting 1 20 Comp
BU4008 4 Law and Ethics 20 Comp
BU4009 4 Management Accounting 1 20 Comp
BU4010 4 Quantitative Methods in Finance 20 Comp
BU5003 5 Human Resource Management 20 Comp
BU5005 5 Enterprise Operations 20 Comp
BU5006 5 Financial Accounting 2- financial operations 20 Comp
BU5007 5 Management Accounting 2 - performance operations 20 Comp
BU5302 5 Globalisation and Business 20 Comp
TM5008 5 Essentials of Marketing 20 Comp
BU6006 6 Strategic Finance and Accounting 20 Comp
BU6012 6 Auditing 20 Comp
BU6013 6 Financial Accounting 3 - financial management 20 Comp
BU6014 6 Strategic Enterprise Management 20 Comp
BU6015 6 Management Accounting 3- performance management 20 Comp
BU6303 6 International Financial Management 20 Comp

Level 4:120 credits
Level5:120 credits
Level 6:120 credits
Total :360 credits

This programme is available to anyone capable of reaching the required entry standards. The typical applicant will have a minimum of 260 UCAS points, of which 220 points must be obtained from GCE A2 Level or Vocational A Level (6 or 12 unit) awards, including a Grade C in one subject. The remaining points may be achieved from GCE A2/AS Level, Vocational A/AS Level awards , or from Level 3 certification. BTEC National Certificate/Diploma applicants will have a minimum of a Merit profile.  Applicants will be expected to hold a GCSE Mathematics qualification at grade C or above. Irish and Scottish Highers: a minimum of BBCC 30 points for applicants studying on the International or European Baccalaureate.  Applications will be considered on an individual basis.

Applications from non standard candidates from direct entry or overseas at levels 5 and 6 will be considered on the basis of individual merit, matching prior experience to course requirements. Such entrants would receive appropriate support from the programme team to assist in their studies.

 In Singapore, the typical applicant will have the following:

  • International Baccalaureate
  • Completion of Grade 11

Academic requirement: -  3 subjects PASS with “D” grade or above at GCE A-Level Exam including Mathematics; or -  Successful completion of DIMENSIONS’ Foundation Programme for University Degree Studies (Level 3) or-  Dimensions’ Level 3 Diploma in related business areas or-  Successful completion of 3-year Senior Higher School Diploma in business related discipline or other Level 3 equivalent qualification in business related area.

English Proficiency: GCE O-level English Language at grade C or above; or IELTS 6.0 or DIMENSONS CAE Level 5 or equivalent.


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 with a strong emphasis on computer based skills and knowledge development e.g accounting packages and spreadsheets.  Other methodologies will be employed as appropriate.  These may include; field trips, visits, directed reading, interactive learning via the insititution's 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 insitution 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 accounting and  finance
  • To provide the vehicle for modular integration throughout the programme 
  • To promote teaching to learning, which 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 insitution's 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

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.

Students undertaking the BSc single honours route in accounting and finance will have the  core knowledge and skills relating to financial and management accounting, placed within a management context which are crucial to the successful operation of all organisations, whether profit or non profit orientated. The significance of the need to study of accounting 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. The demand  can be expected to expand for knowledgeable and aware graduates with strong skills (numeric and non numeric) in all organisations . Students could choose to develop careers within the accounting professions (with professional accounting bodies offering at their discretion  exemptions / accreditation), 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 insitution'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. 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 Accounting and Finance should be able to:

Apply the methods and techniques that they have learned to review, consolidate, extend and apply their knowledge and understanding, and to initiate and carry out projects; critically evaluate arguments, assumptions, abstract concepts and data (that may be incomplete), to make judgements, and to 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; and
  • The learning ability needed to undertake appropriate further training of a professional or equivalent nature  

Consistent with the insitution's commitment to widen access and participation, the institution 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 institution 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.  

Formulation of this programme considers the long-term aspirations of students undertaking study in accounting and finance.  The professional accounting bodies offer currency as they reflect the knowledge and skills required by individuals to operate in the fields of accounting and finance.

The structure of the programme was also informed by the need for the academic aspirations of the programme to be matched with technical and vocational aspects. As a consequence specific modules at each level will incorporate development of IT skills linked directly to academic activity.

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