University of Chester

Programme Specification
Banking and Business Finance with Placement Year BSc (Hons) (Single Honours)
2017 - 2018

Bachelor of Science (Single Honours)

Banking and Business Finance with Placement Year

Banking and Business Finance with Placement Year

University of Chester

University of Chester

Queen's Park, Chester

Undergraduate Modular Programme

Full-time and Part-time

Classroom / Laboratory, Work-Based inc.(practice / placement)

4 years

7 Years

Annual - September

N307

N300, N310

No

17a. Faculty

17b. Department

Business and Management Business and Finance

Accounting

Finance

Business and Management

Faculty of Business and Management

Thursday 21st January 2016

  • To provide students with the opportunity to combine the study of banking and business finance knowledge and skills with other elated academic areas
  • To provide a flexible programme of study, that offers students a grounding in the disciplines, and methodologies of banking and business finance, that stimulates a critical awareness of contemporary issues facing managers in the sector and across a variety of organisational contexts
  • To enable all students to develop a management centred approach, within an academic context, that complements and underpins the understanding of other academic areas and disciplines
  • To enable students to identify, develop, scrutinise and challenge a range of business models, frameworks and theories, and to apply them to a broad range of relevant work-related scenarios applicable to their chosen fields of study.
  • To enable students to develop and use a range of generic (transferable), cognitive, intellectual, personal and interpersonal skills which are relevant to their chosen academic fields and necessary for effective undergraduate study and future vocational progression
  • To provide an appropriate base for access to further study or professional qualifications by encouraging the knowledge, skills and attitudes to become life-long learners who recognise the need to engage in Continuous Personal and Professional Development.
  • To foster employability and aid students to gain and document ‘soft’ generic and employability skills to enable them to function effectively as graduate employees in finance and other fields.

Key knowledge of the core areas are identified in section 27. In addition, students should have an understanding of the ways in which financial knowledge has informed practice in banking, business, industry, and government policy.

At level 4 students will be expected to:

  • Test, analyse and interpret financial data arising from a variety of contexts using statistical and financial analysis (BU4010)
  • Develop an understanding of management accounting for decision making (BU4009)
  • Develop an understanding of key economic concepts and methods used in business (BU4006)
  • Understand the underlying principles and concepts of financial accounting (BU4007)
  • Understand the basic and theoretical underpinning of personal and business finance (BU4020)
  • To understand and explore the theoretical underpinnings of business ethics and law to organisations (BU4008)

At level 5 students will be expected to:

  • Develop an understanding of different organisational functions and how they support operational and strategic operations (BU5027)
  • Develop business and accounting skills including commercial awareness and technical accounting skills (BU5006, BU5027)
  • Assess and evaluate the social, political and economic issues facing contemporary organisations (BU5802, BU5027)
  • Evaluate the role of operation management and evaluate the tools and techniques for managing operations (BU5027)
  • Analyse the legal, practical and philosophical aspects of retail banking (BU5801)

At level 6 students will be expected to:

  • Critically evaluate the principal concepts of international financial management and to understand financial strategies through application of relevant analytical tools
  • Critically evaluate the professional ethics and legal regulation in the banking industry (BU6801, BU6802)
  • To synthesise issues relating to the business and corporate banking environment through the application of principles and techniques (BU6802, BU6006, BU6013)
  • Synthesise and consolidate management accounting principles that can be used in decision making (BU6006)
  • Understand, appreciate, record and summarise transactions and other economic events, combined with preparation of financial statements and analysis of the operations of business (BU6013, BU6006)

Demonstrate an ability to apply, theorise and test contemporary theory and empirical evidence in varied contexts, linked with a knowledge of the relevance of major theoretical tools and theories of business and finance and application of these to theoretical and practical problems (BU6002, BU6006, BU6303)

At level 4 students will be expected to:

  • Apply logic and reasoning in relation to management and financial accounting data (BU4007, BU4009)
  • Interpret quantitative techniques for decision making purposes (BU4010)
  • Independently research, investigate and assess accounting and finance, theories, paradigms, principles and concepts (BU4007, BU4009, BU4020, BU4006)
  • Demonstrate commercial awareness of the financial markets and their impact on personal and business finance (BU4020)

 At level 5 students will be expected to:

  • Evaluate analytical models of decision making within the boundaries of organisational capabilities (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)  
  • Apply underlying concepts of business in work environment (WB5001)

 At level 6 students will be expected to:

  • Independently conduct a research project which requires analysis and synthesis of ideas and evidence (BU6001) 
  • Critically interpret financial and non-financial data to develop reasoned arguments and to challenge assumptions (BU6006, BU6303)
  • Make informed and ethical judgments relating to the law, ethics and regulation of business (BU6002, BU6801, BU6802)
  • Independently conduct a research project which requires analysis and synthesis of ideas and evidence as they relate to business finance (BU6001, BU6006, BU6303)

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 (BU4006, BU4007, BU4010)
  • Apply quantitative techniques to decision making processes (BU4010)

 At level 5 students will be expected to:

  • Demonstrate the ability to analyse and interpret financial and nonfinancial data (BU5006)
  • Prepare financial statements with reference to international accounting standards (BU5006)
  • Demonstrate commercial awareness and technical accounting knowledge (BU5028)
  • Develop a broad perspective on an organisation, its functions and its relationship with stakeholders (BU5027, BU5029)
  • Analyse management themes, concepts and tools with an organisational context. (WB5101, BU5027)
  • Apply legal, practical and philosophical aspects of the business environment (BU5801, BU5802)

 At level 6 students will be expected to:

  • Apply, analyse, interpret and evaluate financial and non-financial information with a view to formulating solutions to accounting and finance problems (BU6002, BU6006, BU6303, BU6801, BU6802, BU6303)
  • Critically apply appropriate quantitative and qualitative skills including identifying, formulating and solving business problems, including data analysis, interpretation and extrapolation (BU6006, BU6303, BU6802)
  • 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 (BU6002, BU6006, BU6303, BU6802)

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, BU4009)
  • Work with others - effective listening, presentation and persuasion. (BU4001, BU4003, BU4020)

  At level 5 students will be expected to:

  • Communicate in a range of settings, responses relating to the challenges faced by the business, accounting and finance sector ( BU5027, BU5801, BU5802, BU5015)
  • Use appropriate quantitative and qualitative skills including identifying and formulating financial, banking and business problems (BU5801, BU5802)
  • Communicate in a range of settings, responses relating to the challenges faced by the finance and banking sector (BU5801, BU5802, WBL5101)
  • Communicate and present financial and non-financial data relating to specific business scenarios using appropriate information and communication technology (WB5101, BU5027)

 At level 6 students will be expected to:

  • Work effectively with others which will require the development of skills such as effective listening, negotiating, persuasion, presentation, team building and leadership (BU6022, BU6006, BU6303, BU6012)
  • 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)
  • Present a range of solutions and recommendations relating to various case studies live and published (BU6802, BU6002)
  • Have developed and improved own learning and performance - including self-awareness, independence, the skills of reflective, adaptive and collaborative learning (BU6002, BU6006)

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 Banking and Business 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 those areas, as well as, general business.

The structure of the single honours in Banking and Business 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. The Programme is divided into three years with six modules (each worth 20 credits) in the first and second years, five modules, including one double dissertation module in the third year.

The first year does not assume any prior knowledge relevant to either Banking or Business Finance 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 Business Finance from UK and international perspectives. The theoretical and conceptual underpinning of banking and finance will play an essential part of this level of study. Thematically the specialist subjects of Banking, Business Operations, Business Management, Credit and Risk, Compliance and Finance are covered.

Students have the option to undertake WB5007 International Exchange as a replacement year of level 5. This module provides students with an opportunity to replace their second year of study by studying at a different University in an overseas country. It is crucial that the content of the modules offered by the overseas University match those that would have been studied during the student's second year at the University of Chester.

After completion of Level 5, Banking and Business Finance with Placement Year students will have two options: they can undertake an industrial placement year through the module BU5000 or a full year at an international university via WB 5008 The Study Abroad Experience. BU5000 offers students an opportunity to further develop the vocational, practical and experiential aspects of the taught modules during level 5.  Students will be placed in a range of organisations, and engaged in management activities.  This is viewed as extremely valuable, providing students with excellent opportunities to apply theory to practice, learn practical skills, network, enhance employment and careers prospects. It will also be useful in enabling further develop their understanding of theoretical input on return to the classroom. Alternatively, students have the opportunity to undertake WB 5008 The Study Abroad Experience. This study abroad module offers an international study opportunity for students in addition to their University of Chester degree. It is an excellent opportunity to learn about the culture of another country whilst following an academic study programme that complements their home-based programme of study. This study abroad placement year includes study at a partner university or via the International Student Exchange Programme. New opportunities may become available from time-to-time.

NB. Students will have completed all the criteria for progression into Level 6 of their programme prior to embarking on their placement year.

The BSc (Hons) in Banking and Business Finance is particularly suited to students interested in careers either banking, business finance or in a general business role. This programme has been designed to provide students with a strong foundation in key aspects of both banking and 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. The table below details the development of key areas over the three years of study

Mod-Code Level Title Credit Single
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
BU4020 4 Personal and Business Finance 20 Comp
BU5000 5 Business Placement Year 120 Optional
BU5006 5 Financial Accounting 2- financial operations 20 Comp
BU5015 5 Business Technology and Customer Service 20 Comp
BU5027 5 Organisational Management 20 Comp
BU5801 5 Retail Banking 20 Comp
BU5802 5 Contemporary Issues in Banking 20 Comp
WB5007 5 International Exchange Module – Full academic year 120 Optional
WB5008 5 The Study Abroad Experience 120 Optional
WB5101 5 Enhancing your Employability through Work Based Learning 20 Comp
BU6001 6 Business Dissertation 40 Comp
BU6002 6 Strategic Management 20 Optional
BU6006 6 Strategic Finance and Accounting 20 Comp
BU6303 6 International Financial Management 20 Optional
BU6801 6 Law, Ethics and Banking Regulation 20 Optional
BU6802 6 Business and Corporate Banking 20 Comp
TM6023 6 Preparing for Professional Success 20 Optional

  • Level 4 :120 credits  - exit award Certificate of Higher Education
  • Level 5 :120 credits - exit award Diploma of Higher Education
  • Level 5 :120 credits placement year
  • Level 6 :120 credits - Bachelor's Degree
  • Total   : 480 credits

 

 

This programme is available to anyone capable of reaching the required entry standards. The typical applicant will have reached one of the following:

UCAS points:

A minimum of 112 UCAS points from GCE A levels or equivalent. Typical offer is BCC/BBC

GCSE grade C (or above) in Mathematics is also required

BTEC:

Extended diploma requirement is DMM

BTEC diploma requirement is D*D*

Irish/Scottish Highers:

B in 4 subjects

International Baccalaureate:

26 points

Access:

Access to HE Diploma, to include 45 credits at Level 3, 30 of which must be at Merit or above

OCR:

OCR National Extended Diploma: Merit 2

OCR Cambridge Technical Extended Diploma - DMM

OCR Cambridge Technical Diploma - D*D*

Additional information:

Maximum of 20 points accepted from GCE AS Levels. Welsh Baccalaureate (core) an General Studies A level will be recognised. Also a combination of A levels and BTECs/OCRs will be accepted.

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.

Applications from non-standard candidates for direct entry or overseas applications for entry at levels 5 and 6 will be considered on the basis of individual merit, matching prior experience to course entry requirements

The design of this programme was informed by the subject benchmark statements for Accounting (2007), Finance (2007) and Business and Management (2015).  

Accounting

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.

The key knowledge and skills are for the students to learn:

Some of the contexts in which accounting can be seen as operating (examples of contexts include the legal, ethical, social and natural environment; the accountancy profession; the business entity; the capital markets; the public sector), (BU4007, BU4008, BU4009, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6006, BU6303).

The main current technical language and practices of accounting (for example, recognition, measurement and disclosure in financial statements; managerial accounting; auditing; taxation) in a specified socio-economic domain, (BU4007, BU4008, BU4009, BU5006, BU5802, WB5001, BU6801, BU6802, BU6006, BU6303).

Some of the alternative technical languages and practices of accounting (for example, alternative recognition rules and valuation bases, accounting rules followed in other socio-economic domains, alternative managerial accounting approaches to control and decision-making), (BU4007, BU4008, BU4009, BU5006, BU6801).

Skills in recording and summarising transactions and other economic events; preparation of financial statements; analysis of the operations of business (for example, decision analysis, performance measurement and management control); financial analysis and projections (for example, analysis of financial ratios, discounted cash flow analysis, budgeting, financial risks), (BU4006, BU4007, BU4009, BU4020, BU5006, BU5801, BU5015, BU6802, BU6006, BU6303).

Contemporary theories and empirical evidence concerning accounting in at least one of its contexts (for example, accounting and capital markets; accounting and the firm; accounting and the public sector; accounting and society; accounting and sustainability) and the ability to critically evaluate such theories and evidence), (BU4006, BU4007, BU4008, BU4009, BU4020, BU5027, BU5006, BU5801, BU5802, WB5001, BU6801, BU6802, BU6006, BU6303).

Theories and empirical evidence concerning financial management, risk and the operation of capital markets (in cases of degrees with significant finance content), (BU4006, BU4020, BU5006, BU5801, BU5802, BU6801, BU6802, BU6006, BU6303).

A capacity for the critical evaluation of arguments and evidence, (BU4008, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001, TM6023).

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, , (BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001, TM6023).

Ability to locate, extract and analyse data from multiple sources, including the acknowledgement and referencing of sources, (BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001).

Numeracy skills, including the ability to manipulate financial and other numerical data and to appreciate statistical concepts at an appropriate level, (BU4006, BU4007, BU4009, BU4010, BU4020, BU5015, BU5006 BU6006, BU6303).

Skills in the use of communication and information technology in acquiring, analysing and communicating information (these skills include the use of spreadsheets, word processing software, standard statistical packages; electronic financial databases; the internet and email), (BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001, TM6023).

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, (BU4006, BU4007, BU4009, BU4010, BU4020, BU5027, BU5006, BU5015, WB5001, BU6006, BU6303, BU6001, TM6023).

Capacities for independent and self-managed learning, (WB5001, BU6001, BU6006, BU6303, BU6801).

Normally, experience of working in groups, and other interpersonal skills, and in presenting the results of their work orally as well as in written form, (WB5001, BU6006, BU6002,BU5000, WB5007, WB5008).

Finance

The relevant benchmark were applied to clarify the scope of the new programme through definitions of the role of 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.

The key knowledge and skills are for the students to learn:

An appreciation of the nature of the contexts in which finance can be seen as operating, including knowledge of the institutional framework necessary for understanding the role, operation and function of markets and financial institutions (eg the economic, legal, regulatory and tax environment, both national and international; the firm; the capital markets and the public sector), (BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5006, BU5801, BU5802, WB5001, BU6801, BU6802, BU6006, BU6303, BU6001)

A knowledge of the major theoretical tools and theories of finance, and their relevance and application to theoretical and practical problems (eg concept of arbitrage and examples of its use; financial mathematics and capital budgeting criteria; informational efficiency; optimal risk sharing; portfolio theory; asset pricing models and the valuation of securities; cost of  risk signalling; Fisher separation and capital budgeting criteria; behavioural finance; management; information asymmetry; principal agency relationships; capital; derivative pricing; term structure and the movement of interest rates; determination of exchange rates and financial intermediation).An ability to interpret financial data including that arising in the context of the firm or household from accounting statements and data generated in financial markets. The interpretation may involve analysis using statistical and financial functions and procedures such as are routinely available in spreadsheets (eg Microsoft Excel) and statistical packages. It may assume the skills necessary (eg estimation and interpretation of asset pricing models; financial modelling and projections; event studies and residuals analysis; elements of time series analysis, such as serial correlation mean reversion, and stochastic volatility), (BU4006, BU4007, BU4009, BU4010, BU4020, BU5006, BU6006, BU6303)

An understanding of the relationship between financial theory and empirical testing, and application of this knowledge to the appraisal of the empirical evidence in at least one major theoretical area. The appraisal should involve some recognition of the limitation and evolution of empirical tests and theory (eg the efficient markets hypothesis; anomalies; pricing of securities; bond portfolio management; exchange rates; raising capital and derivatives and other capital structure), (BU4006, BU4007, BU4009, BU4020, BU5006, BU6802, BU6006, BU6303).

An understanding of the financing arrangements and governance structures of business entities, and an appreciation of how theory and evidence can be combined to assess the effectiveness and efficiency of such arrangements (eg decisions as to sources of finance and financial structure; the pricing of corporate securities; the market for corporate control; corporate governance structures and mechanisms; financial planning and international dimensions of finance), (BU4006, BU4008,  BU4020, BU5027, BU5006, BU5801, BU6802, BU6002, BU6006, BU6303).

An understanding of the factors influencing the investment behaviour and opportunities of private individuals (bonds, equities, and derivatives; risk aversion; risk/return trade-offs; portfolio management and performance measurement; pensions and long term savings; the tax treatment of savings and investments; international diversification; forex risk; objectives of and constraints on institutional investors and advisors), (BU4020, BU6006, BU6303).

An understanding of financial service activity in the economy, and an appreciation of how finance theory and evidence can be employed to interpret these services (for example, information asymmetry, adverse selection and moral hazard could be employed to analyse the fundamental nature of services, such as insurance, pensions, bank lending and consumer credit, and also explore fundamental problems arising in such financial service provision. Efficient market hypothesis could be used to explore evidence for fund manager performance and the effectiveness of equity and bond saving services), (BU4006, BU4020, BU6802, BU6006, BU6303).

An ability to understand financial statements, and a basic appreciation of the limitations of financial reporting practices and procedures (eg financial statement analysis; the relation between cash flow accounting and accrual accounting; discretionary accounting practices; and the nature of accounting measures of financial performance), (BU4007, BU4009, BU5006, BU5801, BU5015, BU5802, BU6801, BU6802, BU6006, BU6303).

Skills as above.

Both of the above benchmarks 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. 

Business

The purpose of general Business and Management Programmes is threefold; increasing understanding of organisations, their management, the economy and business environment in which they operate, preparation for and development and a career in business and management; enhancement of a wide range of skills and attributes which equip graduates to become effective global citizens.

'Organisations' in the context of this Programme should be taken to include a wide range of different types including, for example, public, private and not for profit, together with a comprehensive range of sizes and structures of organisations.

The key knowledge and skills are for the students to learn:

Demonstrate relevant knowledge and understanding of organisations, the business environment in which they operate and their management. Programmes emphasise understanding, responding and shaping the dynamic and changing nature of business and the consideration of the future of organisations within the global environment, including the management of risk, (BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001, TM6023).

The interrelationships among and the integration between business areas are very important within the overall student learning experience, (BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001, TM6023).

Organisations - this encompasses the internal aspects, functions and processes of organisations including their diverse nature, purposes, structures, governance, operations and management, together with the individual and corporate behaviours and cultures which exist within and between organisations and their influence upon the external environment, (BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001, TM6023).

The business environment - this encompasses the fast pace of change within a wide range of factors, including economic, environmental, ethical, legal, political, sociological and technological, together with their effects at local, national and international levels upon the strategy, behaviour, management and sustainability of organisations, (BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001, TM6023).

Management - this encompasses the various processes, procedures and practices for effective management of organisations. It includes theories, models, frameworks, tasks and roles of management together with rational analysis and other processes of decision making within different organisations, (BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001, TM6023).

Demonstrate knowledge and understanding in the following areas: markets - the development and operation of markets for resources, goods and services; marketing and sales – different approaches for targeting and service design; customers - customer expectations, service and orientation; finance - the sources, uses and management of finance; the use of accounting and other information systems for managerial applications; people - the management and development of people within organisations; Organisational behaviour – design, development of people including cross-cultural issues; operations - the management of resources and operations; information systems - the development, management and exploitation of information systems and their impact upon organisations; information and business intelligence – the development, management, application and implementation of information systems; communication and information technology - the comprehension and use of relevant communications for application in business and management, including digital tools; Digital Business – the development of strategic priorities to deliver business at speed in an environment where digital technology has reshaped traditional revenue and business models; business policy and strategy - the development of appropriate policies and strategies within a changing environment, to meet stakeholder interests; business innovation and enterprise – taking innovative business ideas to create new products  and services; social responsibility  - the need for individuals to manage responsibly and behave ethically in relation to social, culture, economic and environmental issues, (BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001, TM6023).

 

Skills

People Management: to include communications, team building, leadership and motivating others, (BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001, TM6023).

Problem solving and critical analysis: analysing facts and circumstances to determine the cause of the problem and identifying and selecting appropriate solutions, (BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001, TM6023).

Research: the ability to analyse and evaluate a range of business data, sources of information and appropriate methodologies, which includes the need for strong digital literacy, and to use that research for evidence-based decision-making, (BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001, TM6023).

Commercial acumen: based on an awareness of the key drivers for business success, causes of failure and the importance of providing customer satisfaction and building customer loyalty, (BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001, TM6023).

Innovation, creativity and enterprise: the ability to act entrepreneurially to generate, develop and communicate ideas, manage and exploit intellectual property, gain support and deliver successful outcomes, BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001, TM6023).

Demonstrate skills and attributes in the following: Ability to work collaboratively both internally and with external customers and an awareness of mutual interdependence: Ability to work with people from a range of cultures: Articulating and effectively explaining information: Building and maintaining relationships: Communication and listening including the ability to produce clear, structured business communications in a variety of media: Emotional intelligence and empathy: Conceptual and critical thinking, analysis, synthesis and evaluation: Self-management – a readiness to accept responsibility an flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time: Self-reflection - self-awareness and sensitivity to diversity in terms of people and cultures. This includes a continuing appetite for development, BU4006, BU4007, BU4008, BU4009, BU4010, BU4020, BU5027, BU5006, BU5801, BU5015, BU5802, WB5001, BU6801, BU6802, BU6002, BU6006, BU6303, BU6001, TM6023).

Additionally, the benchmarks has been applied to establish the cognitive abilities and generic skills, together with improved self-awareness and self-development for graduates to be able to pursue a career in Banking, Business Finance, or general Business.

The subject specific knowledge and skills identified by the 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 an experiential learning opportunity taking place at Level 5.  Other methodologies will be employed as appropriate. These may include; field trips, master classes, 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 Business 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. Assessment tasks will ensure that the learning objectives have been met and 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 with the University's Teaching, Learning & Assessment strategy. 

Students undertaking the BSc single honours route in Banking and Business Finance will have the core knowledge and skills relating to Banking and the world of Business Finance, placed within an every changing sector both for the institutions themselves but for the business that interface with them. Financial management being at the heart of successful business operations, whether profit or non-profit orientated.

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 or the financial services sector, business finance, 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 vocational aspects in higher education. The curriculum, through carefully planned modules, and the options available 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 in Banking and Business 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 judgments 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.

Students completing the BSc Banking and Business Finance Single Honours Programme will meet the QAA’s Benchmark document’s standards on knowledge and understanding, skills and the assessment strategies.  The outcome of level six should be a graduate student who will be able to offer added value to the market place by meeting the expectations of employers via the application of acquired transferable, integrated skills, and the developed body of knowledge gained from the Programme.   In addition the graduate will have amassed valuable life skills such as self-awareness, creative problem solving, and autonomy, which could be applied in a wide variety of circumstances which they will face. They will have been instilled with a positive attitude towards reflection, self- awareness and will possess openness towards seeking out life-long learning opportunities, which may be translated into the pursuit of professional qualifications.  A typical Banking and Business Finance student will:

  • have a wide knowledge and understanding of the broad range of areas of business and finance and the detailed relationships between these, their application and their importance in an integrated framework
  • consistently demonstrate a command of subject-specific skills including application of knowledge, as well as proficiency in intellectual skills
  • have a view of banking and business finance which is influenced by a variety of learning sources including guided learning, team work and independent study

be distinguished by their enhanced capacity to develop and apply their own perspectives to their studies, to deal with uncertainty and complexity, to explore alternative solutions, to demonstrate critical evaluation and to integrate theory and practice in a wide range of situations.

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