University of Chester

Programme Specification
Business Finance with Placement BA (Hons) (Single Honours)
2017 - 2018

Bachelor of Arts (Single Honours)

Business Finance with Placement

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, Distance, Work-Based inc.(practice / placement)

4 years

7 Years

Annual - September

N301

N300

No

17a. Faculty

17b. Department

Business and Management Business and Finance

Finance

Business and Management

Business 

Tuesday 16th June 2015

  • To provide students with the opportunity to combine the study of 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 business finance and stimulates a critical awareness of contemporary issues facing managers in a variety of sectors and 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 situations 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 provide a coherent programme of study which will prepare students for post-University employment and careers in a wide variety of organisational settings

 

At level 4 students will be expected to:

  • Develop an understanding of the relationship between organisation and stakeholder (BU4001, BU4010, BU4011, BU4013, BU4020)
  • Develop a familiarisation of risk assessment and a knowledge of impact, business resilience and mitigation(BU4001, BU4010, BU4011, BU4013, BU4020)
  • Analyse and interpret financial data arising from a variety of contexts using statistical and financial analysis (BU4001, BU4010, BU4013, BU4020)
  • Develop an understanding of management accounting in relation to decision making (BU4002)
  • Understand key economic concepts and methods used in business (BU4013)

At level 5 students will be expected to:

  • Assess and evaluate the social, political and economic issues facing contemporary organisation (BU5014, BU5303, BU5029, WB5101)
  • Evaluate the role of operation management and evaluate the tools and techniques for managing operations (BU5016, BU5014, BU5029, WB5101)
  • Apply appropriate analytical and decision making techniques to the theoretical management accounting situations. (BU5016)
  • Analyse the legal, practical and philosophical aspects of managing a business (BU5014, BU5302, BU5029, WB5101)
  • Assess and evaluate the contemporary issues in people management (BU5029, BU5014, WB5101)

 At level 6 students will be expected to:

  • Synthesise and consolidate knowledge of strategic financial management and related decisions (BU6006, BU6303)
  • Critically evaluate the principal concepts of international financial management and to understand financial strategies through application of relevant analytical tools (BU6006, BU6303)
  • Critically evaluate the professional ethics and legal regulation in the business landscape (BU6002, BU6006, BU6019)
  • To synthesise issues relating to the business environment through the application of principles and techniques (BU6001, BU6002, BU6019, BU6303)

At level 4 students will be expected to:

  • Apply financial management to decision making in organisations (BU4002, BU4010, BU4020)
  • Apply concepts and conventions in relation to financial data  (BU4002, BU4010, BU4013)
  • Interpret quantitative and quantitative techniques for decision making purposes (BU4001, BU4011, BU4002, BU4010, BU4020)

 At level 5 students will be expected to:

  • Evaluate analytical models of decision making within the boundaries of organisational capabilities (BU5014, BU5016)
  • Examine the challenges and significance of contemporary issues facing business ((BU5014, BU5029, BU5302, WB5101)
  • Apply the principles and concepts of management accounting (BU5016)

 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)
  • Make informed and ethical judgments relating to the law, ethics and regulation of business (BU6002, BU6019)
  • 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 (BU4002, BU4010, BU4020)
  • Maintain, record and summarise financial data using manual and computerised systems (BU4002, BU4010)
  • Apply quantitative techniques to decision making processes (BU4001, BU4002 BU2010)
  • Apply principles of key business challenges facing managers (BU4002, BU4011, BU4013, BU4020)

 At level 5 students will be expected to:

  • Demonstrate the ability to analyse and interpret financial and non financial data (BU5016, BU5014)
  • Analyse management themes, concepts and tools with an organisational context. (BU5029, BU5016, WB5101, BU5027)
  • Apply legal, practical and philosophical aspects of the business environment (BU5014, BU5302)

 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 (BU6002, BU6006, BU6019, BU6303)

At level 4 students will be expected to:

  • Use appropriate quantitative and qualitative skills to analyse financial and non financial data (BU4002, BU4010, BU4011, BU4020)
  • Communicate financial data to stakeholders through the preparation of reports using appropriate information and communication technology (BU4002)
  • Work with others - effective listening, presentation and persuasion. (BU4001, BU4020, BU4013)

  At level 5 students will be expected to:

  • Use appropriate quantitative and qualitative skills including identifying and formulating financial and business issues and challenges (BU5011, BU5014, BU5016)
  • Communicate and present financial and non financial data relating to specific business scenarios using appropriate information and communication technology(BU5011, BU5014, BU50106, WB5101)
  • Communicate in a range of settings, responses relating to the challenges faced by business managers (BU5029, BU5002, WB5101)

 At level 6 students will be expected to:

  • Solve financial and business problems by applying ideas and knowledge to a range of situations and tasks using appropriate information and communication technology (BU6002, BU6006, BU6303)
  • Present a range of solutions and recommendations relating to various case studies live and published (BU6001, BU6002)
  • Have developed and improved own learning and performance - including self awareness, independence, the skills of reflective, adaptive and collaborative learning (BU6002, BU6019)

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 Business 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 Business and finance.  The structure of the single honours in 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. Construction of the Programme also took cognisance of the latest syllabus developments and requirements of the professional bodies.

The Programme is divided into three years with six modules (each worth 20 credits) at Levels 4 and 5, five modules, including one double dissertation module at Level 6. Level 4 does not assume any prior knowledge relevant to a Business Finance degree but will provide a strong underpinning for more detailed academic and technical studies in later years. Modules at Level 4 will concentrate on building and consolidating knowledge and understanding of the fundamental principles of Business and Finance from UK and international perspectives. The theoretical and conceptual underpinning of Business and finance will play an essential part of this level of study. Thematically the specialist subjects of Business Operations, management, Credit and Risk, Compliance and Finance are covered.

Students have the option to undertake WB5007 International Exchange as a replacement 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, Business Finance with Placement 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 WB5008 The Study Abroad Experience. BU5000 offers students the 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 as extremely valuable, providing students with excellent opportunities to apply theory to practice, learn practical skills, network, enhance employment and career prospects. It will also be useful in enabling further develop their understanding of theoretical input on return ot the classroom.

Alternatively, students have the opportunity to undertake WB5001. 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.

The BA (Hons) in Business Finance is particularly suited to students interested in careers in Business, and will 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 Business and Finance. The table below details the development of key areas over the three years of study

BSc Hons Business Finance development of core areas

Core areas

Year 1

Level 4 Module

Year 2

Level 5 Module

Year 3

Level 6 Module

Key aspects of Business Finance

BU4020

Personal and Business Finance

BU5016

Financial Decision Making

BU6006

Strategic Finance and Accounting

Business Management 

BU4002

Finance for Managers

BU5302

Globalisation and Business

BU6303

International Financial Management

Entrepreneurial endeavour and enterprise

 

 

BU4011

Operations and Quality Management

BU5014 Operational Decision Making 

BU6019

Sustainable Entrepreneurship

The programme is divided into three years with six modules (each worth 20 credits) in each year. The programme offers all core modules and does not assume any prior knowledge relevant to a Business Finance degree but will provide a strong underpinning for more detailed academic and technical studies in later years. Modules at Level 4 will concentrate on building and consolidating knowledge and understanding of the fundamental principles of Finance placed in the context of a business environment. The theoretical and conceptual underpinning of business finance will play an essential part of this level of study. Thematically it is the specialist finance modules and a broad approach and understanding of Enterprise that form the core of study through this and subsequent levels. At Level 4 the modules, include an introduction to financial dynamics and business management, with modules offering a grounding in entrepreneurial thinking, managing information, employability enhancing competencies such as utilising spreadsheets. Other modules at this level will include quantitative methods for finance, Business Environment in the International Context, Operations and Quality Management and personal and business finance. 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.

Level 5 is comprised of all core modules and will build upon Level 4 foundation and consolidate areas studied in the first year. Specifically modules in finance and business management systems will be expanded and developed. The modules studied at Level 5 will reflect an operational theme i.e. focusing on the operationalization of financial and management systems. Other modules will focus on enterprise issues including  organisational management (incorporating operational management, information systems and the global business environment), human resource management and marketing. The opportunity to develop IT spread sheet and database skills and a practical exposure to case studies will be embedded in the modules at this level. These modules will also offer exposure to other major functional areas of organisations. It is also compulsory that students undertake a work based learning module which provides an opportunity to apply knowledge, skills and technical understanding to a real organisation. This will provide the opportunity to transfer the theoretical to the practical context.

Level 6 will again focus on the development of both financial and management issues. There will be a focus on analytical elements and the evaluation and synthesis of knowledge and management of decision making in relation to finance. A module in sustainable entrepreneurship will continue and develop the core enterprise theme. Students will have the opportunity to develop specific interests through subject specialisation within a 40 credit dissertation module. 

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

Mod-Code Level Title Credit Single
BU4001 4 Managing People and Organisations 20 Comp
BU4002 4 Finance for Managers 20 Comp
BU4010 4 Quantitative Methods in Finance 20 Comp
BU4011 4 Operations and Quality Management 20 Comp
BU4013 4 Global Business Environment 20 Comp
BU4020 4 Personal and Business Finance 20 Comp
BU5000 5 Business Placement Year 120 Optional
BU5011 5 Research in Context 20 Comp
BU5014 5 Operational Decision Making 20 Comp
BU5016 5 Financial Decision Making 20 Comp
BU5029 5 Principles of Marketing and Human Resource Management 20 Comp
BU5302 5 Globalisation and Business 20 N/A
BU5303 5 International Business Operations 20 N/A
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 Comp
BU6006 6 Strategic Finance and Accounting 20 Comp
BU6019 6 Sustainable Entrepreneurship 20 Comp
BU6303 6 International Financial Management 20 Comp

Level 4: 120 credits

Level 5: 120 credits

Level 5: 120 credits (Placement Year)

Level 6: 120 credits

Total: 360 credits

N/A

This Programme is available to anyone capable of reaching the required entry standards.  The typical applicant will have a minimum of 112 UCAS points of which 112 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 maybe 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.  

BTEC :

Extended Diploma requirement is DMM.

BTEC Diploma requirement is D*D*.

ACCESS - Access to HE Diploma, to include 45 credits at level 3, 30 of which must be at Merit

OCR

OCR National Extended Diploma: Merit 2

OCR Cambridge Technical Extended Diploma: DMM

OCR Cambridge Technical Diploma: D*D*

Applicants will be expected to hold Grade C GCSE Mathematics Qualification.  Irish and Scottish Highers; a minimum of BBBB. 26 points for applicants studying on the International or European Baccalaureate.  Applications will be considered on an individual basis.

Applications from non-standard candidates for direct entry or overseas applications for entry levels 5.  Level 6 direct entry will only be considered where there is comprehensive mapping to the contents of this Programme at Levels 4 & 5.  Each application for direct entry with be dealt with on the basis of individual merit and matching prior experience to course entry requirements.

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

Finance

The relevant benchmarks 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. 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. 

Business

The purpose of general Business and Management Programmes is threefold; study of organisations, their management and the changing external environment in which they operate, preparation for and development and a career in business and management; enhancement of lifelong learning skills and personal development to contribute to society at large.

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

Additionally, the benchmarks has been applied to establish the cognitive abilities and generic skills required by a degree incorporating Business and Finance. 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 Business 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 with the University's Teaching, Learning & Assessment strategy. 

Students undertaking the BA single honours route in Business Finance will have the core knowledge and skills relating to Business 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 Business 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 business, finance and management in financially orientated organisations e.g. the financial services sector, 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 BA single Honours in 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 BA 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 will be a graduate student who is 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.  

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