Undergraduate Courses 2014
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Undergraduate Factfile 2014 entry: Accounting and Finance BSc (Hons)
Please note: this information relates to courses starting from September onwards in the 2014/2015 academic year.
Mode of Study: Three years full time or four years with one year spent on industrial placement
Fast fact: Did you know that more chief executives of large UK companies hold a professional accountancy qualification than any other professional qualification?
- Course in depth
- Entry requirements
- Finance / Fees
- Course feedback
- Career prospects
- How to apply
Paula Sancto, Accounting and Finance graduate”
Course at a glance
- Tutors trained at top firms such as Deloitte and Ernst and Young
- Excellent business links with companies as diverse as IBM, Intel, Airbus, Morgan Stanley and Vauxhall
- Option to take a year out in industry or complete the course in three years
- Exemptions from UK professional accountancy qualifications once you graduate
Degree preparation courses for international applicants
LJMU offers international students the option of completing pre-undergraduate programmes at the University’s International Study Centre. These programmes offer progression routes onto a range of degrees at the University. For more details, go to www.ljmu.ac.uk/isc.
Your tutors are highly qualified - a number of them have trained with well-known firms such as Deloitte and Ernst and Young and they have spent many years working in industry. This means they have first-hand experience of relating academic theory to real practice in the workplace.
The team is also actively involved in internationally-recognised research and academic writing, contributing to journals and conferences all over the world.
This combination of blue-chip professional experience and commitment to keeping on top of the latest developments in accountancy and finance ensures that the course provides the ideal balance between academic learning and practical experience.
Your tutors take a proactive role in continually reviewing the Accounting and Finance programme. Working with the main professional bodies (ICAEW, CIMA, ACCA and CPFA), tutors are continually looking to add value and currency to the programme, to aid employability prospects for students and to optimise accreditation possibilities.
This programme develops your practical skills, theoretical knowledge and management techniques to equip you for a career in accountancy or more general business areas. It also gives you a head start on the path to gaining a professional accountancy qualification, as it allows a number of exemptions from UK professional accountancy exams.
One of the benefits of the course is that you will have the option of taking a year out to complete a paid placement in industry in the UK or overseas. However, if you decide that you would prefer not to take a whole year out from your studies, you will have other opportunities for work-related learning.
Teaching is delivered through a combination of lectures, workshops and seminars and you can expect to have a minimum of 12 hours contact time during each teaching week. Plus you'll be expected to complete independent study and group work and participate in online activities and discussions using our virtual learning environment, Blackboard.
A ‘skills’ module at Level 4 (Academic, Professional and Managerial Awareness) and the Level 5 Personal Development modules provide a mechanism through which the necessary personal development, placement and employment search and support activities are provided.
The modules listed below are examples from the last academic year. There may be some changes before you start your course.
- Introduction to Financial Accounting
- Introduction to Management Accounting
- Economics for Accounting and Finance
- Business Mathematics and Statistics
- Academic, Professional and Managerial Awareness
- Introduction to Financial Reporting and Corporate Governance
- Financial Accounting
- Management Accounting
- Corporate Finance and Financial Markets
- Accounting Information Systems
- Personal Development
- Law for Accountants
- Year-long placement
Level 6 (fourth year for sandwich degree students)
- Advanced Financial Accounting
- Advanced Management Accounting
- Financial and Risk Analysis
- Auditing and Assurance
- Advanced Corporate and International Finance
- Corporate Social Responsibility
- Accounting and Finance Project
Assessment and feedback
Approximately 60% of your marks will be derived from exams and the rest from written assignments, IT-based work, group presentations, online trading simulations and multiple-choice tests.
Assignments are designed to help you put financial theory into practice and demonstrate to future employers that you have the practical skills required to work successfully in your chosen field after graduation.
Your marks and feedback will be available within 15 working days of submitting a piece of work. That’s because we believe that constructive feedback is vital in helping you identify your strengths as well as the areas where you may need to develop further.
Your graduate skills and World of Work Skills Certificate details will be published in your Higher Education Achievement Report (HEAR), providing employers with extensive evidence of your development as a professional as well as your academic achievements at LJMU.
You will have the option of taking a year out to complete a paid 48-week placement in industry in the UK or overseas.
Placements give you invaluable experience of what it’s really like to work in the finance sector as well as giving you a chance to put skills and knowledge you have learnt in the first two years into practice. Not only that, but the experience helps you develop personal skills, enhances your CV and gives you a year’s break from academic study.
The decision to undertake a placement is made early at Level 5 and Liverpool Business School’s Employability Support Unit will then help you find suitable vacancies, advise on the applications process and help you to arrange interviews. This support continues while you are on placement, and one of your tutors will visit you in your workplace twice during the year.
LJMU’s excellent business connections mean that our students have completed placements with companies and organisations as diverse as IBM, Intel, Airbus, Morgan Stanley, Vauxhall, Saab, Kellogg’s, the NHS, The Ministry of Defence and Pfizer.
Support and guidance
All of your tutors operate an ‘open door’ policy which means you can call in at any time to get advice and guidance on any aspect of your studies that concerns you, whether it be an academic or a more personal matter. Study support classes also provide that extra boost to your study and revision skills.
Application and selection - what are we looking for?
We are looking for students with the potential to:
- Understand and critically evaluate the theory, concepts and principles that underpin the practical techniques of business.
- Demonstrate their understanding by communicating effectively, both orally and in their written work.
- Possess the self-discipline to manage their time and tasks effectively throughout their time here at LJMU.
- Make a difference.
Will I be interviewed?
No interview required (UCAS application form only)
Can this course be deferred?
Yes, please contact us to discuss your options
Course entry requirements
Fees and Funding
To find out more about the student funding available from LJMU as well as government grants and loans and targeted support for students with children/dependants or disabilities, go to: www.ljmu.ac.uk/feesandfunding
Different funding arrangements will apply if you are from Scotland, Wales, Northern Ireland or other countries in the EU. If you normally live in Scotland, Wales or Northern Ireland you will still be eligible for loans for tuition fees as well as grants and/or bursaries plus loans for living costs. It's just that the amounts available may different to those stated here as these apply to applicants who live in England.
LJMU's scholarships are open to all full-time Home and EU undergraduates that are liable to pay tuition fees. These awards are not income assessed, and if successful you will be awarded a scholarship for each year of your course worth between £1,000 and £10,000. This money does not need to be repaid and it's up to you to decide what you want to spend it on.
LJMU Bursaries are means-tested, which means your household income must be below a certain level in order for you to qualify for this funding. In 2014 / 2015, eligible students will receive an annual cash bursary of £5000. The money you receive does not have to be repaid and is intended to help you meet some of the costs associated with being a student. You will receive a bursary for each year of your course providing you still meet the eligibility criteria.
National Scholarship Programme
LJMU's National Scholarships are also means-tested and consist of a £2000 cash bursary. This scholarship is only awarded to new full-time Level 4 (first year) undergraduates. Any money received does not have to be repaid.
LJMU will be charging an annual tuition fee of £9,000 for most of our degree programmes.
The important thing to remember is that you don't have to pay your tuition fees upfront when you enrol. Instead you can take out a tuition fee loan, which doesn't have to be repaid until after you leave LJMU and start earning more than £21,000. Both full and part-time students are eligible for tuition fee loans. For more information on tuition fee loans, go to: www.gov.uk/student-finance
LJMU is committed to ensuring that students understand the full cost of studying at LJMU. Our programmes have no hidden costs and your tuition fee covers all expenses associated with your core modules, including:
- Safety equipment, such as lab coats and goggles
- Uniforms for nurses, paramedics and other professional placement students (if applicable)
- UK field trips
- Educational visits
- Student exchanges
- Criminal Records Bureau checks
- Professional sector regulatory body membership
- Governing body awards
You can also choose to take out a maintenance loan for each year of your course to help you meet the costs of being a student. The money will have to be paid back but only after you leave LJMU and starting earning at least £21,000. Part-time students are not eligible to take out these loans.
In 2014/2015, the maximum amount you can get while studying at LJMU is £5,555 if you are living away from home or £4,418 if you are living in your parental home.
For more information on student loans, go to: www.gov.uk/student-finance
This means-tested award is available to students whose household income is below a certain level. You don't have to pay this money back and it's up to you to decide what to spend it on. Part-time students are not eligible for this grant.
- your household income has to be £42,620 or less, in order for you to qualify for this funding
- full-time students with a household income of £25,000 or less will receive a full grant of £3,387 per year
- Partial grants will also be available to students with a household income over £25,000 up to (and including) £42,620.
For more information on maintenance grants, go to: www.gov.uk/student-finance
"After I graduated I qualified as a Chartered Accountant with Baker Tilly in Liverpool. I’m now Finance Manager for United Utilities in Warrington. The degree has proved to be an excellent starting point for my career. I graduated with a solid grounding in the subject that was reflected in my remaining professional exams: my average marks at the professional stage were the highest in the region."
Jon Farrelly, Accounting and Finance graduate
"I really enjoyed this degree – a challenging course that sets a first-rate foundation for life in the business world. The lecturers were clear, friendly and knowledgeable, and always made time to deal with any issues or concerns raised. The degree enabled me to gain employment with a UK top ten accountancy firm."
Paula Sancto, Accounting and Finance graduate
“I completed a year-long placement at the Ministry of Defence. The experience I got and the skills I picked up were invaluable – I recommend the sandwich year to anyone. The combination of high quality work experience plus the degree makes me much more employable as a graduate.”
Alistair James, Accounting and Finance graduate
"As a current director at Rosario Exports we continue to have a close relationship with Liverpool John Moores University and in particular students studying on the Accounting and Finance degree programme. As a company we have always been impressed by the calibre of students that do their placement year with us and the level of knowledge and skills they have gained while studying on the Accounting and Finance degree programme.
"In fact I was the first Accounting & Finance placement student that Rosario Exports ever took from Liverpool John Moores University and I secured a permanent position within the company after this placement.
"Every year since then, we have provided a placement opportunity for students in the Liverpool Business School and we are currently planning to offer last year’s placement student a full-time position when he graduates later this year."
Andrew Williams, Rosario Exports Limited
Professional accreditation / links
The BSc (Hons) Accounting and Finance is professionally accredited by two of the main accountancy bodies in England and Wales: the Institute of Chartered Accountants in England and Wales (ICAEW) and the Chartered Institute of Management Accountants (CIMA). This means that once you graduate you will be exempt from many of the professional exams of these bodies; this is partly due to our commitment to continually update our syllabuses in line with professional requirements, ensuring that you are given a head start to becoming a fully qualified accountant.
Students on the Accountancy and Finance programme are encouraged to take the CIMA Accredited Sage Certificate during their studies. The Certificate can be taken at no extra cost and covers the fundamentals of computerised accounting software to very detailed advanced budgeting with forecasting, importing/exporting data, excel integration, foreign trader, e payments, and the ability to design and manipulate detailed management reports.
Your career prospects
A degree in Accounting and Finance opens up a huge range of potential careers because the success or failure of an organisation is ultimately determined by its financial performance. This means accountants and finance professionals will always be in demand.
Most of our Accounting and Finance graduates complete three-year training contracts with professional accountancy firms or private/public sector organisations while studying part time for their remaining professional accountancy exams. Many contracts enable you to specialise in areas such as audit/assurance, tax, corporate finance, and business advice/consulting.
Outside accountancy, graduates have forged successful careers within retail and investment banks, financial services, finance companies, building societies and so on. However, if you do want to work in investment analysis and financial services, we advise you to qualify as a professional accountant first. This respected qualification gives you a solid platform from which to build your career, and once you qualify, there will be plenty of opportunities to move between different roles and industries in the UK and abroad. Recent graduates have found roles within organisations such as Lloyds TSB, Barclays, MBNA, The Bank of New York, Ulster Bank and WGZ Bank.
International funding advice
Studying at LJMU offers international students excellent value for money and the opportunity to secure an internationally-respected qualification plus outstanding career prospects. When you apply for your visa or entry clearance, you will need to provide evidence of having enough money to support yourself for the duration of your programme and to pay for all of your living expenses. The good news is that the cost of living in Liverpool is one of the lowest in England, which means your money will go even further, allowing you to enjoy your student experience to the full.
International students are liable to pay a minimum of 50% of their tuition fees when they complete their enrolment at the University. The outstanding balance must be paid in full within 4 months of your enrolment date. Confirmed fees for 2013/14 are available on the LJMU website: www.ljmu.ac.uk/international
In addition to academic fees, you must budget for living costs such as accommodation, food, clothing, books, local travel and entertainment. The UKBA requires that students studying outside London must have £7,200 to pay for their living costs (or £800 per month). LJMU’s undergraduate courses run over an academic calendar of nine months so you will need to show that you have at least £7,200. If your course lasts 6 months you will need to demonstrate you have £4,800.
Confirmation of Acceptance for Studies (CAS)
Before you can apply for permission to enter or remain in the UK under Tier 4 you will require a valid Confirmation of Acceptance for Studies or CAS. LJMU will only assign a CAS once you have satisfied the conditions of any offer made to you and you satisfy the University’s obligations as a Tier 4 Highly Trusted Sponsor. For more details, go to: www.ljmu.ac.uk/international
Academic Technology Approval Scheme Certificate (ATAS)
If you have applied to study an Enhanced Undergraduate Degree (such as an MEng) course at LJMU, you should check if you require an Academic Technology Approval Scheme or ATAS certificate.
You can find out more on the British Foreign and Commonwealth Office (FCO) website: www.fco.gov.uk/en/about-us/what-we-do/services-we-deliver/atas/who-atas/
Alternatively, contact LJMU’s International Admissions Team (email@example.com) for guidance.
Your visa application
As soon as you have received an offer of a place at LJMU you should contact the Entry Clearance Office at the British Embassy, British High Commission or Consular Office in your own country to check whether you need a visa for entry into Britain. You are advised to do this as soon as you can as the visa application process can take a long time.
Please Note: To obtain an Entry Visa you should go to the British Embassy or High Commission in your own country, and present the following documents:
- A valid LJMU Confirmation of Acceptance for Studies (CAS)
- Evidence of financial support for the programme
- Two recent photographs of yourself (passport-size)
- All relevant educational diplomas and certificates (as stated in your CAS)
- A declaration of your intent to return home on completion of your course of study
English language qualifications
All international applicants must have an internationally recognised English language qualification, such as IELTS (International English Language Testing Service) or TOEFL (Test of English as a Foreign Language). Your English language qualification must have been certified within the last two years for verification purposes. LJMU will accept other UKBA-recognised English language tests providing you attain the appropriate level.
This table summarises the minimum scores required by LJMU.
Please note: your specific course requirements may differ.
|Type of Programme||IELTS||TOEFL (CBT)||TOEFL (IBT)|
|International Foundation Programme||4.5||150||52|
For up-to-date details on all courses and entry requirements please go to: www.ljmu.ac.uk/courses
To find out what qualifications are applicable in your country go to: www.ljmu.ac.uk/international
English language support to improve IELTS
If your English language level does not meet the required entry requirements for your course you may still be offered a place on the condition that you successfully complete a pre-sessional English course. LJMU offers pre-sessional English language courses to undergraduate and postgraduate students to help develop your English language ability ahead of starting your course. Before completing the online application form, please contact the International Study Centre and talk to one of our multi-lingual Student Enrolment Advisers (www.studygroup.com/isc/ljmu/) or email: firstname.lastname@example.org
Degree preparation courses
LJMU offers international students the option of completing pre-undergraduate programmes at the University’s International Study Centre. LJMU’s degree preparation courses are managed and taught by Study Group, a world leader in education and training for international students. For more details on the International Study Centre, go to www.ljmu.ac.uk/isc
How to apply
All applicants should apply online through the Universities and Colleges Admissions Service (UCAS) system at www.ucas.ac.uk. If you need help or advice on your individual application, you should contact your careers adviser or call the UCAS Customer Service Unit on 0871 468 0468, open Monday to Friday, 08:30-18:00 hrs (UK time)
If you are calling from outside the UK and are unable to use the number above, please contact them on 0044 871 468 0 468
Please Note: The University reserves the right to cancel, suspend or modify this information at any time.