Online Learning – Bachelor in Professional Accounting

Course Information

Accountancy is a profession that enables qualified individuals to pursue an exciting and significant career in providing critical financial information for control, decision making and strategy of private and public organisations. These includes skills in analysing financial performance, audits, capital finance, mergers and acquisition, dissolutions and other diverse but critical activities. Accountants too assume different roles in an organisation including CEOs, Board Directors, Financial advisors working in many diverse Industries and companies.

Our Bachelor in Professional Accountancy is recognised by the French State. The programme complies with accepted standards for Finance and Accountancy studies.

Programme Aims

The programme has the following aims:

To enable the study of the foundation of Accountancy
To acquire skills and knowledge of financial reporting, audit and taxation
To acquire the skills to make informed judgements on financial matters
To transfer these acquired skills into the work place

Programme Learning Outcomes

At the end of the programme the successful student will have the ability to:

Understand how business organisations are organised and managed
Apply financial analytical tools and techniques for the production of financial information
Understand the regulatory frameworks in the production and reporting of financial information

Overall Programme Structure and Modules

Course Structure

Year Semester Module Codes Module Name Level ECTS
1 S1 (ACFI127) Business Economics 4 7.5
(ACFI101) Financial Accounting for Business Decisions 4 7.5
(ACFI111) Business Statistics 4 7.5
(ACFI115) Professional Practices for Accountants 4 7.5
S2 (ACFI151) The Business Environment 4 7.5
(ACFI116) Computer Aided Accounting Practices 4 7.5
(ACFI103) Fundamentals of Finance 4 7.5
 (ACFI102) Management Accounting for Planning, Decision Making and Control 4 7.5
2 S1 (ACFI210) Audit and Assurance 5 7.5
 (ACFI204) Financial Management 5 7.5
(ACFI201) Financial Reporting 1 5 7.5
(PHIL271) Ethical Practices in Accounting 5 7.5
S2 (ACFI202) Theoretical Aspects of Accounting 5 7.5
(ACFI211) Business Law 5 7.5
(ACFI203) Management Accounting 5 7.5
(ACFI212) Tax Compliance 5 7.5
3 S1 (ACFI304) Corporate Finance 6 7.5
(ACFI312) Business Analysis 6 7.5
(ACFI309) Financial Reporting 2 6 7.5
(ACFI342) Financial Risk Management 6 7.5
S2 (ACFI301) Advanced Auditing 6 7.5
(ACFI303) Advanced Taxation 6 7.5
(ACFI302) Corporate Financial Reporting 6 7.5
(ACFI305) Performance Management 6 7.5

Entry Requirements and Advanced Standing

An applicant may be admitted on the basis of evidence to suggest that he/she will be able to fulfill and benefit from the objectives of the programme and achieve the standard required for the award.
A number of criteria are used in considering admissions to the programme including candidates’ language proficiency, academic and professional qualifications.
The entry requirements for the programme will include the following:-

  • A minimum 2 GCE A levels passes, or equivalent qualifications OR
  • A recognized University Foundation or Access programme OR
  • Demonstration of English Language proficiency with a TOEFL paper based test score of 500, Computer based test score of 173 or Internet based test score of 61, overall IELTS score of 5.5 or other English Language test scores and equivalencies
  • Students who are not covered by the above entry criteria will be assessed individually.

Advanced Standing/ Exemptions/ Credits Transfer (APL)

Consideration for the above for students admitted onto the programme may be considered either at the beginning of a programme, or beyond the beginning of a programme, through an assessment of that student’s prior learning, whether certificated or un-certificated. The process for making such a decision is known as the Accreditation of Prior Learning (APL) is a matter of academic judgment exercised by the appointed panel considering applications and approvals of APL.
APL provision allows those suitably qualified students to progress partially or full into either Year1, Year2 of the programme.

Module Content

Year One
Business Economics

  1. Understanding of the central economic problem and the nature of economics
  2. Supply and demand principles including market price
  3. Market responsiveness and market adjustment
  4. Costs, revenues and profit maximization
  5. Market environments
  6. Theory of the whole economy including national income, aggregate supply and demand,
  7. Short-term fluctuations and economic growth
  8. Inflation and the balance of payments
  9. Global economy including international trade

Business Economics

  1. The context and purpose of financial reporting.
  2. The scope and purpose of financial statements for external reporting.
  3. Users and stakeholders needs.
  4. The main elements of financial reports.
  5. The use of double entry and accounting systems.
  6. The accounting equation.
  7. Double entry book-keeping principles including the maintenance of accounting records and sources of accounting information.
  8. Ledger accounts, books of prime entry and journals.
  9. Recording transactions and events.
  10. Sales and purchases.
  11. Cash Inventory Tangible non-current assets – depreciation & revaluation.
  12. Accruals and prepayments.
  13. Receivables and payables.
  14. Irrecoverable debts and allowances for doubtful debts.
  15. Capital structure and finance costs.
  16. Preparing a trial balance.
  17. Trial balance.
  18. Correction of errors.
  19. Control accounts and reconciliation thereof.
  20. Bank reconciliations.
  21. Suspense accounts.
  22. Preparing basic financial statements.
  23. Statements of financial position and income statements for sole traders, companies and partnerships.
  24. Statements of cash flows for companies.

Business Statistics

  1. Revision of basic mathematic skills: indices, algebra, transposition of formulae, solving simultaneous equations and substitution.
  2. Linear functions, solutions, application of simultaneous equations to points of intersection.
  3. Non-linear functions: quadratics and the quadratic formula, polynomials, exponents, exponentials, logarithmic functions (preceded by revision of common and natural logarithms.
  4. The various rules of differentiation.
  5. Partial derivatives.
  6. The mathematics of finance: time value of money, simple and compound interest and investment growth, application of the exponential to growth formulae and continuous compounding, discounting, present valuing, investment appraisal, annuities and perpetuities, geometric series and their application to the dividend discount model.
  7. Revision of basic statistics and presentation formats (graphs).
  8. Introduction to probability and the related distributions.
  9. The chi-squared distribution, sampling error and estimation.
  10. Correlation and regression.

Professional Practices for Accountants

  1. Teamwork.
  2. Communication.
  3. Commercial Awareness.
  4. Lifelong Learning.
  5. Presenting with Confidence.
  6. Student and Graduate Insights.

The Business Environment

  1. The Business Environment
  2. Business Ownership & Entrepreneurship
  3. Commercial Awareness
  4. Management & Organisation
  5. Human Resources
  6. Marketing
  7. Finance & Investment

Computer Aided Accounting Practices

  1. The functions and purposes of accounting software: Financial Accounting Systems and Management Information Systems (MIS)
  2. Financial accounting software.
  3. VAT: background, rates, basic regulations and accounting.
  4. Accounting for payroll: PAYE income tax, employers’ and employees’ National Insurance (NI).
  5. The imprest system.
  6. The Chart of Accounts.
  7. Coding: key considerations.
  8. Setting up a new company in Sage: setting-up product, supplier, customer and bank details.
  9. Processing transactions using Sage: sales and purchase orders, invoices and credit notes, bank payments and receipts, petty cash, wages, period-end adjustments.
  10. The Fixed Asset Register.
  11. Audit/control considerations: internal controls, reconciliations, data validation, suspense accounts and mispostings.
  12. The correction of errors in Sage.
  13. Incorporation of budget figures.
  14. Producing standard reports: Nominal Activity, Audit Trail, Trial Balance, Income Statement , Balance Sheet.
  15. Financial Modelling.
  16. Introduction to flexible modelling.
  17. Spreadsheet modelling best practice.
  18. Building a spreadsheet model: key considerations.
  19. Navigation and shortcuts using Excel.
  20. Enhancing spreadsheet models using the inbuilt features of Excel: Intermediate and more advanced features.
  21. Modelling mountain approach.
  22. Expanded models with debt, depreciation and dividends.
  23. Dealing with negative bank balances using IF functions.
  24. AVERAGE, MAX and MIN commands
  25. Circularities and iterations
  26. Testing the reliability of a model

Fundamentals of Finance

  1. Goals and governance of the firm
  2. Financial markets and institutions
  3. Time value of money
  4. Valuing bonds
  5. Valuing stocks
  6. Net present value and other investment criteria
  7. Introduction to risk, return and capital budgeting
  8. Cost of capital
  9. Financial Options

Management Accounting for Planning, Decision Making and Control

  1. Introduction to management accounting and the classification of costs
  2. Cost volume profit analysis
  3. Full costing
  4. Other costing approaches
  5. Progress test one
  6. Budgeting
  7. Budgeting continued
  8. Variance analysis
  9. Making capital investment decisions
  10. Managing working capital

Year Two
Audit and Assurance
The concept, process and need for assurance
Internal controls
Gathering evidence on an assurance engagement
Professional ethics
Define the assurance process
Evaluation of results of assurance work
Plan and perform assurance engagements
Define the concept of reasonable assurance.

    Effective systems of control;
    Fundamental principles of effective control systems;
    The components of internal control in both manual and IT environments
  2. Preventative and detective controls;
    Internal audit;
    Identify and compare the different methods of obtaining evidence
  3. Strengths and weaknesses of the different methods of obtaining evidence;
    Compare the reliability of different types of assurance evidence;
    Select appropriate methods of obtaining evidence from tests of control and from substantive procedures for a given business scenario
    The role of ethical codes and their importance to the profession;
    Rules based ethical code and one based upon a set of principles;
    Identify the key features of the system of professional ethics adopted by IFAC (International Federation of Accountants)
  5. The fundamental principles underlying the IFAC and the ICAEW code of ethics;
    integrity and objectivity to professional accountants, identifying situations that may impair or threaten integrity and objectivity;
    The importance of
  6. Threats to the fundamental ethical principles and the independence of assurance providers:
    Safeguards to eliminate or reduce threats

Financial Management

  1. Introduction to equity markets Arnold
  2. Risk versus Return
  3. The Capital Asset Pricing Model and Factor Models
  4. The time value of money
  5. Dividend discount model and the market
  6. Valuation of bonds
    Capital Structure and the weighted average cost of capital
  7. Valuation and Investment Decision Rules
  8. Dividend Policy
  9. Market Efficiency
  10. FX markets, risk, hedging using forward, futures, trading and hedging
  11. Equity options, fx options
  12. Hedging using fx options

Financial Reporting 1

  1. The regulatory structure of the International Accounting Standards Board (IASB);
  2. Preface to IFRS IASB conceptual framework for financial reporting;
  3. Presentation of Financial Statements
  4. Property, Plant and Equipment
  5. Impairment of Assets
  6. IFRS5 Non Current Assets held for sale and discontinued operations (excluding disposal groups);
  7. Inventories
  8. Provisions, contingent liabilities, and contingent assets
  9. Events after the Reporting Period
  10. Revenue
  11. Construction Contracts
  12. Accounting Policies, changes in accounting estimates and errors
  13. Income tax (current tax adjustments only);
  14. Accounting for Government grants and disclosure of government assistance;
  15. Effects of foreign exchange rates (individual companies only);
  16. Financial Instruments (basic concepts);
  17. Statement of Cash Flows;
  18. Earnings Per Share (excluding diluted EPS).

Ethical Practices in Accounting

  1. Business ethics and theoretical perspectives
  2. Business ethics theories, including stakeholder and stockholder theory;
  3. Small business ethics: examples of ethical decision making in context
  4. International business ethics: global examples
  5. Ethical issues and functional areas: challenges and practices
  6. The ethical organisation: organisational ethics;

Business Law

  1. Introduction to English Law, the English legal system and European Law
  2. Elements of contract law, including formation considerations and electronic contracts
  3. Terms and conditions of contracts
  4. Breach of contract and remedies for breach
  5. The law of agency and an introduction to the tort of professional negligence
  6. Employment law, including unfair dismissal and redundancy considerations
  7. Business organisations, including partnerships, limited liability partnerships and the different types of company
  8. The formation, administration and regulation of companies, and in particular the duties of directors;
  9. The different types of company capital and finance;
  10. Insolvency, the different types of insolvency and the remedies available in the event of insolvency;
  11. The company and the criminal law, including considerations of fraud, money-laundering, bribery and whistle-blowing, and the regulation of personal data

Management Accounting

  1. Process costing systems
  2. Activity-based costing (ABC)
  3. Financial information for pricing decisions
  4. Dealing with risk and uncertainty in decision-making
  5. Scarce resources and use of linear programming techniques
  6. The use of ‘relevant costs’ for decision-making
  7. Budgeting processes and purposes, an introduction to behavioural aspects, andalternative budgeting techniques
  8. Further standard costing and variance analysis (including fixed overhead variances, and mix and yield/quantity variances)
  9. Divisional financial performance measurement and transfer pricing

Tax Compliance

  1. Ethics and law
  2. Capital gains tax
  3. Income tax
  4. Inheritance tax
  5. National insurance contributions
  6. Corporation tax
  7. VAT and stamp taxes

Theoretical Aspects of Accounting
coming soon

Year Three
Corporate Finance

  1. Bond & stock valuation; term structure of interest rates; raising finance
  2. Capital budgeting and risk; theory and empirical evidence
  3. Capital structure and dividend policy: theories and empirical evidences
  4. Fundamentals of portfolio risk and return
  5. Asset pricing (CAPM and APT) – theories and empirical evidence
  6. Portfolio management and performance evaluation
  7. Leasing Contracts; mergers and acquisitions
  8. Understanding and Valuing Options
  9. Application of Options

Business Analysis

  1. Introducing strategy
  2. The environment
  3. Strategic capabilities
  4. Strategic purpose
  5. Business level strategy
  6. Corporate strategy and diversification
  7. Mergers, acquisitions and alliances
  8. Managing risk
  9. Evaluating strategies
  10. Leadership and changes

Financial Reporting 2

  1. IAS17 Leases (lease accounting only but including sale and leaseback)
  2. IAS 23 Borrowing Costs
  3. IAS 24 Related Party Disclosures
  4. IFRS 10 Consolidated Financial Statements (replaces IAS 27)
  5. IAS 28 Investments in Associates
  6. IFRS 11 Joint Arrangements (replaces IAS 31)
  7. IAS 36 Impairment of Assets (emphasis on intangibles)
  8. IAS 38 Intangible Assets
  9. IFRS 3 Business Combinations
  10. IFRS 12 Disclosure of Interests in Other Entities
  11. IFRS 13 Fair Value Measurement

Financial Risk Management

  1. Introduction to Risk Management
  2. Measuring Risk
  3. Interest Rate Risk I
  4. Interest Rate Risk II
  5. Market Risk I
  6. Market Risk II
  7. Credit Risk I
  8. Credit Risk II
  9. Liquidity Risk
  10. Sovereign Risk
  11. Capital Adequacy

Advanced Auditing

  1. The nature and purpose of the audit function
  2. Auditing postulates
  3. Positive auditing theory
  4. The auditor and the law
  5. Auditing standards
  6. The approach to audit work & audit planning
  7. Internal controls
  8. Auditing procedures and audit evidence
  9. Audit reports
  10. Other audit procedures required by ISAs
  11. Ethics and independence
  12. Assurance

Advanced Taxation

  1. Communication Skills
  2. Taxation of Business and Corporate Entities
  3. International Aspects of Corporate Entities
  4. Taxation of Business and Corporate Entities
  5. International Aspects of Corporate Taxation
  6. Financing and Investing
  7. Employment Income abd /r/emuneration Packages
  8. Personal Taxation and Overseas Taxation
  9. Trusts
  10. Ethics and Law
  11. Tax Planning

Corporate Financial Reporting

  1. Analysing and interpreting financial statements
  2. Limitations of financial statements and interpretation technique;
  3. IFRS 8 Operating Segments
  4. IAS 33 Earnings Per Share (including diluted EPS);
  5. Advanced Group Accounting to include:
  6. IAS 12 Income Taxes (Deferred Tax);
  7. IAS 19 Employee Benefits;
  8. IFRS 2 Share Based Payments;
  9. Current Issues in Corporate Reporting

Performance Management

  1. Management Accounting Control Systems – Development, control types and effectiveness
  2. Management Accounting Control Systems – Effective incentives + rewards
  3. Performance Management – traditional approaches
  4. Performance Management – Balanced perspectives
  5. Introduction to the assignment
  6. Strategic Management Accounting – Activity based environments
  7. Strategic Management Accounting – Investing for future capabilities
  8. Strategic Management Accounting – Managing a total quality approach
  9. Strategic Management Accounting – approaches to pricing
  10. S&TI in PM – Behavioural + ethical issues , social responsibility + sustainability
  11. Future Role of Management Accounting Control Systems