Course specification and structure
Undergraduate Course Structures Postgraduate Course Structures

UDACFINA - BA Accounting and Finance

Course Specification


Validation status Validated
Highest award Bachelor of Arts Level Honours
Possible interim awards Bachelor of Arts, Diploma of Higher Education, Certificate of Higher Education, Bachelor of Arts
Total credits for course 360
Awarding institution London Metropolitan University
Teaching institutions London Metropolitan University, The Professional Learning Centre Ltd, Mauritius
School Guildhall School of Business and Law
Subject Area Business and Management
Attendance options
Option Minimum duration Maximum duration
Full-time 3 YEARS  
Part-time 4 YEARS 6 YEARS
Course leader Christopher Essien

About the course and its strategy towards teaching and learning and towards blended learning/e-learning

The majority of the programme will be taught through lectures and seminars, where lectures are designed to convey the broad outlines of knowledge pertinent to each module whilst the seminars are built around student activity in response to a set of prepared tasks that require students to apply knowledge, discuss and analyse. Students will be expected to prepare for the seminars using a variety of learning resources that will normally include textbook, module handout/Weblearn site including learning/stimulus materials, references to sources in the learning centre, and materials available on academically reputable internet sites

Technical skills are developed, with guidance from the professional bodies and the subject benchmark. These include, where appropriate, numeracy, technical language and current practices, contemporary theory, technical and qualitative analysis and dealing with empirical analysis of relevant material.

Teaching, study and assessment methods ensure that practical knowledge is developed through lectures and practiced, with guidance in seminars. Direct teaching is supported through text books, journal articles and electronic sources, with every component being supported with its own web site. The knowledge developed and subsequent understanding is assessed in a variety of ways, including reports, essays presentations, group work and unseen examination.

Intellectual skills, identified in the subject benchmarks are developed throughout the courses. These include critical evaluation of arguments and evidence, the ability to analyse and draw reasoned conclusions from a given set of data, the ability to locate, extract and analyse data from multiple sources, including the referencing of sources.

Independent and self-managed learning is encouraged and the capacity to develop these skills is developed from the earliest stages of the courses. Participants are required to develop these essential skills as they are key components to both academic and lifelong learning.

Participants are encouraged to engage in their own learning in the subject. This is achieved by relating as much as possible to the real world. This enables participants to understand the relevance of the subject to their own lives, and to the lives of other.students, and are able to experience a real-world business environment through the compulsory work-related learning element in the second year of their course programme.

About the course and its strategy towards teaching and learning and towards blended learning/e-learning

Accounting is a subject field with a high demand for graduates. Unlike many other universities, the London Metropolitan University, Guildhall School of Business and Law, BA (Hons) Accounting & Finance course has high level of professional exemptions from the accounting bodies with a long tradition of working closely with internationally recognised professional bodies and industries. The course aims to provide students with the opportunity to study the major disciplines in accounting and finance and to relate these to the business environment. It also aims to provide a sound conceptual foundation for a professional, managerial or business career which will help to understand current thinking, analyse current problems in accounting and finance and deal with the rapidly changing business environment. It provides a thorough understanding of the multifaceted and diverse roles and functions that accountants perform in organisational settings.

Completing this stimulating and highly rewarding course will help you to become a qualified accountant or to start working in accounting and/or finance-related profession. The course will help students to access an extensive national and international network of industry contacts with the opportunity of optional work experience placements and projects that will enhance students’ employability. This course is taught by professionally and academically qualified lecturers with vast industry experience in the accounting and finance sectors that includes public audit, taxation, financial reporting, management accounting, quantitative economics and finance, business law, accounting information system, corporate social responsibility and corporate governance, research methods, and accounting theory and regulations. The course places particularly emphasis on employability and the students will be supported to gain work related experience by completing relevant projects and optional work experience placements.

The Accounting and Finance BA (Hons) degree is a three-year course. At each level of the course, students will be exposed to a broader range of professional accounting and finance disciplines including managerial finance, financial accounting, company and employment law, principles of taxation (corporate and income), professional practice for accountants, management information system, business law and ethics, financial management, audit and internal control, project management, data science and research.

The majority of the modules will be taught through lectures and seminars, where lectures are designed to convey the broad outlines of knowledge pertinent to each module whilst the seminars are built around student activity in response to a set of prepared tasks that require students to apply knowledge, discuss and analyse. Students will be expected to prepare for the seminars using a variety of learning resources that will normally include textbook, module handout/Weblearn site including learning/stimulus materials, references to sources in the learning center, and materials available on academically reputable internet sites

Technical skills are developed, with guidance from the professional bodies and the subject benchmark. These include, where appropriate, numeracy, technical language and current practices, contemporary theory, technical and qualitative analysis and dealing with empirical analysis of relevant material.

Teaching, study and assessment methods ensure that practical knowledge is developed through lectures and practiced, with guidance in seminars. Direct teaching is supported through text books, journal articles and electronic sources, with every component being supported with its own web site. The knowledge developed and subsequent understanding is assessed in a variety of ways, including reports, essays presentations, group work and unseen examination.

Intellectual skills, identified in the subject benchmarks are developed throughout the courses. These include critical evaluation of arguments and evidence, the ability to analyse and draw reasoned conclusions from a given set of data, the ability to locate, extract and analyse data from multiple sources, including the referencing of sources. Independent and self-managed learning is encouraged and the capacity to develop these skills is developed from the earliest stages of the course. Students are required to develop these essential skills as they are key components to both academic and lifelong learning.

Students are encouraged to engage in their own learning in the subject. This is achieved by relating as much as possible to the real world. This enables participants to understand the relevance of the subject to their own lives, and to the lives of other. Students, and are able to experience a real-world business environment through the professional practice modules and the work-related learning element embedded throughout the course.

Course aims

To deliver an academically rigorous programme of study, which provides students with the opportunity to study the major disciplines in accounting and finance and to relate these to the business environment.

To provide a sound conceptual foundation for a professional, managerial or business career and to help students understand current thinking, analyse current problems in accounting and finance and help them deal with the rapidly changing business environment. It will enable students to enhance their employability and/or gain admission to a masters programme or study for a professional qualification. The core modules of the course satisfy some of the requirements of the Chartered Association of Certified Accountants (ACCA), Chartered Institute of Management Accountants (CIMA) the Institute of Chartered Accountants of England and Wales (ICAEW), the Chartered Institute of Public Finance and Accountancy (CIPFA) and the Association of International Accountants ( AIA ). Students can use the Level 5 and 6 option modules on the course to gain further exemptions.

The programme promotes the use of a range of teaching, learning and assessment methods, which develop the students’ intellectual abilities, self-confidence and ability to study independently.

The course has been devised with reference to the subject benchmark statement for Accounting (2016) developed by the Quality Assurance Agency for Higher Education.

Course aims

The course aims to deliver an academically rigorous programme of study, which provides students with the opportunity to study the major disciplines in accounting and finance and to relate these to the business environment.

The course provides a sound conceptual foundation for a professional, managerial or business career and to help students understand current thinking, analyse current problems in accounting and finance and help them deal with the rapidly changing business environment. It also enables them to understand and practice how the design, operation and use of accounting systems; information and traditions; techniques and regulations of accounting affect, and being affected by, the internal and external business environment.

The course also provides knowledge and understanding of the role of accounting and finance as to how it effects the business and organisational key decisions to achieve effective and ethical management and its impact on the system and the society at large.

It will enable students to enhance their employability and/or gain admission to a Masters programme or study for a professional qualification. The core and option modules of the course provide exemptions to the relevant requirements (partial) of the Association of Chartered Certified Accountants (ACCA), Chartered Institute of Management Accountants (CIMA) the Institute of Chartered Accountants of England and Wales ( ICAEW ), the Chartered Institute of Public Finance and Accountancy ( CIPFA ) and the Association of International Accountants (AIA) as well as the award of full membership of the Institute of Financial Accountants (IFA).

The programme promotes the use of a range of teaching, learning and assessment methods, which develop the students’ intellectual abilities, self-confidence and ability to study independently.

The course has been devised with reference to the subject benchmark statement for Accounting (2019) developed by the Quality Assurance Agency for Higher Education.

Course learning outcomes

On successful completion of this course students will be able to :


1. Evaluate the nature and problems of traditional costing methods and activity-based costing (ABC), calculate and evaluate budgets including functional budgets and critically appraise alternatives to traditional budgeting techniques and their behavioural implications.

2. Demonstrate knowledge and understanding of the basic principles of the English legal system, relevant legal institutions and the principal areas of law, which relate to business. Analyse the legal issues which arise in a given business context and demonstrate knowledge and understanding of the basic legal principles of employment law and an ability to analyse and critically interpret legal issues which arise in an employment context.

3. Have developed a knowledge and critical understanding of the theoretical models, analytical methods and practical aspects of financial decision making, management accounting, financial reporting, taxation and auditing in competitive business environments and dynamic capital markets.

4. Understand the basic theory of finance, develop the skills of valuing investment instruments and critically evaluate the conceptual frameworks for pricing securities.

5. Have a critical understanding of the corporate social reporting, corporate governance and ethical issues involved in accounting.

6. Perform a range of advanced techniques in the context of current international financial reporting practice and articulate the current debates on issues and controversies in reporting in the UK and internationally.

These course learning outcomes have been mapped to the QAA Subject Benchmark Statement for Accounting ( 2016 ) and both course and module learning outcomes have been mapped to the professional body exemption requirements of the ACCA and CIMA.

Course learning outcomes

The University learning outcome that cuts across the entirety of the London Metropolitan University provision, and thus, the BA (Hons) Accounting and Finance, is
On completion of this course, students will be able to: demonstrate confidence, resilience, ambition and creativity and will act as inclusive, collaborative and socially responsible professionals in their discipline (ULO)
Thus, upon graduating with an honors degree in Accounting and Finance, students will typically:
LO1: Have the confidence needed to take leadership decisions in challenging situations

LO2: Possess the necessary communication skills that will help them adopt a global and multicultural perspective in their professional context

LO3: Be cognisant of the effects of the social and environmental of their decisions and will
remain active citizens of the places they live and work

LO4: Demonstrate application of creative thinking skills to practical problems, and possess the analytical and organizational skills to translate creative ideas to operational solutions.

LO5: Have a wide knowledge and understanding of the broad range of areas of business and management and the detailed relationships between these and their application to practice relevant to the Accounting & Finance.

LO6: Consistently demonstrate a command of subject-specific skills as well as proficiency in generic skills and attributes.

LO7: Have a view of business and management that is relevant to Accounting & Finance and influenced by a wide range of learning sources, based on a proactive and independent approach to learning

LO8: Be distinguished from the basic standard (threshold) of achievement 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 Accounting/Finance theory and practice in a wide range of situations.

Course learning outcomes / Module cross reference

Module Title Module Code


Fundamentals of Accounting AC4004
MIS and Ethics AC4006
Professional Skills for Accounting AC4005
Business Law BL4051
The Economic Environment FE4054
Financial Accounting and Company Law AC5005
Managing Finance AC5006
Key Principles of Taxation AC5007
Advanced Financial Accounting AC6006
Financial Management AC6007
Issues and Controversies in Accounting and Finance AC6P08

Learning Outcomes 1 - 6

Course learning outcomes / Module cross reference

Module Title Module Code


Fundamentals of Accounting AC4004
MIS and Ethics AC4006
Professional Skills for Accounting AC4005
Business Law BL4051
The Economic Environment FE4054
Financial Accounting and Company Law AC5005
Managing Finance AC5006
Key Principles of Taxation AC5007
Advanced Financial Accounting AC6006
Financial Management AC6007
Issues and Controversies in Accounting and Finance AC6P08

Learning Outcomes 1 - 6

Principle QAA benchmark statements

QAA Accounting Subject Benchmark Statement ( 2016 )

Principle QAA benchmark statements

QAA Subject Benchmark Statement, Accounting (2019)

Assessment strategy

There are a variety of assessment tools used in the core modules. Students will be provided with the opportunity to demonstrate their writing skills by writing essays and reports. They will demonstrate their presentation skills in a number of modules, which in turn will prepare them for the employment market on completion of the course. Some modules use more traditional methods of assessment, such as closed book examinations in order to gain professional body exemption.

There are a range of formative assessments on all modules designed to enhance student skills development and prepare them for the summative assessments. Feedback will be provided on drafts of coursework prior to submission and assessment feedback provided on Weblearn based coursework. Generic feedback will be provided on examination performance prior to the exam period.

A sample of assessed work will be second marked in line with the University’s policies and student performance on the modules benchmarked against the University’s module pass rate expectations and action plans developed.

Assessment strategy

There are a variety of assessment tools used in the core and option modules. Students will be provided with the opportunity to demonstrate their writing skills by writing essays and reports. They will demonstrate their presentation skills in a number of modules, which in turn will prepare them for the employment market on completion of the course. Some modules use more traditional methods of assessment, such as closed book examinations in order to gain professional body exemption.

There are a range of formative assessments on all modules designed to enhance student skills development and prepare them for the summative assessments. Feedback will be provided on drafts of coursework prior to submitting their final work. The feedback can be provided in various forms: verbal (face to face), written on the draft work, Weblearn based and by email. All other forms of providing feedback will also be used based on accessibility and student circumstances to ensure that students receive the feedback and update their work to produce a better-quality coursework. Furthermore, individual and generic feedback (common errors identified from previous exam papers and mock exams) will be provided prior to the exam period.

Assessed work will be internally and externally moderated in accordance with the University’s policies and regulations as applicable.

Organised work experience, work based learning, sandwich year or year abroad

Level 5 core 15 credit module Learning Through Work 1, Autumn semester. Optional 30 credit Professional Experience Year Placement taken between Levels 5 and 6.

Organised work experience, work based learning, sandwich year or year abroad

The Level 4 core module (Learning through Organizations) provides the opportunity to deliver relevant skills that enhance their competence to become a business professional. This module will support them to start preparing them for future career by encouraging them to develop, put into practice and evidence the skills and behaviors that employers want to see. Furthermore, this module will help them to gain skills and understanding of the expected workplace knowledge, competencies and attitudes to become business professionals.

The course draws on external links with accounting and finance practitioners in the City and elsewhere in the UK. These links give rise to University and GSBL guest lectures, external speaker seminars and other meetings of interest to undergraduate students. These events throughout the course provide opportunities for students to gain knowledge and experience from outside the University.

After completing level 5, students have the option to take Professional Experience Year Placement taken between Levels 5 and 6. This is a sandwich placement module that is undertaken as an additional 30 credits before commencing their study at level 6. The module aims to develop student employability and career prospects upon graduation. If approved by our placements office, this sandwich placement year requires learners to undertake a minimum of full-time employment which is developmental and relates to their graduate career goals. Pre-placement preparation workshops and one to one support will be provided by Placement Officers. The officers provide guidance and assist students in their search for an appropriate placement relevant to their area of study. The work placement will help students to develop professionalism and transfer their learning from the classroom, and any previous employment to the placement workplace. During the placement year, students will be supported in applying theoretical knowledge in a practical context, analysing business problems and proposing solutions, and identifying and articulating transferable skills and knowledge developed during the placement. Students will be expected to demonstrate improved understanding of their abilities and career goals, knowledge of the workplace organisation and professional awareness through reflective and reflexive learning. Students will receive briefings prior to the placement and a post-placement debriefing. They will be supported remotely by a Placement Tutor who will provide guidance with assessment.

Course specific regulations

At Levels 4, 5 and 6 in order to pass the course the following modules must be passed and with a minimum overall mark of 40% and a minimum mark of 35% in each component of assessment. This is to meet the exemption requirements of CIMA.

Level 4 - Fundamentals of Accounting; Management Information Systems and Ethics ; Business Law ; The Economic Environment
Level 5 - Financial Accounting and Company Law ; Managing Finance ; Key Principles of Taxation ;
Level 6 - Advanced Financial Accounting ; Financial Management ;

Course specific regulations

Modules are required to be taken as indicated in the course structure. Where a student is taking no more than 90 credits in an academic year within the maximum permissible time limit, they may be designated as Part Time.

There are no course specific regulations.

Modules required for interim awards

No combinations required.

Modules required for interim awards

Modules are required to be taken as indicated in the Course Structure

Arrangements for promoting reflective learning and personal development

The arrangements for promoting reflective learning and PDP are delivered through the Level 4 Learning through Organizations, the Level 5 Research and the level 6 Dissertation modules that incorporate issues and controversies in Accounting and Finance. All have formative and summative assessments requiring varying degrees of critical self- evaluation and reflection in the context of accounting and finance professional practices.

Other external links providing expertise and experience

Professional accountancy body requirements for specific exemptions.
QAA Framework for Higher Education Qualification (FHEQ) 2014

Career, employability and opportunities for continuing professional development

Employability and workplace skills are developed in a number of ways throughout the courses. The introduction of a core Level 4 Learning through Organisations module where each student will do a short work placement activity will assist in developing skills for the workplace. Career management is encouraged through reference to the relevant professional bodies, work experience and careers advice. Each year we have a professional accountancy body panel briefing for final year students and presentations for all students integrated in to lectures throughout the year.

The University provides talks from guest speakers from both national and international organisations and career skill development specialists. These sessions give students the opportunity to learn more about future career paths and strategies to pursue their own career aspirations. Additionally, these sessions boost students’ confidence, further their personal development and improve their key employability skills.

In addition, students are encouraged to participate in extra-curricular activities including involvement in peer coaching of students, receiving academic mentoring, volunteering in the not-for-profit sector, joining or setting up student society and national competitions such as the Universities Business Challenge.

The Student Enterprise team based at the University’s specialist off-campus business incubator, Accelerator, provides students with all the advice, support, networks, knowledge and resources to get started. Through one-to-one advice sessions, support and a number of programmes that run throughout the year, Accelerator has helped to launch student businesses and support student entrepreneurship.

Professional Statutory and Regulatory Body (PSRB) accreditations & exemptions

This course qualifies you for exemption from the Association of Chartered Certified Accountants (ACCA)’s fundamental exam papers, F1 to F9.

The core modules of the course satisfy many of the requirements of the Institute of Chartered Accountants of England and Wales (ICAEW), the Chartered Institute of Public Finance Accountants (CIPFA), the Association of International Accountants (AIA) as well as the award of full membership of the Institute of Financial Accountants (IFA) and Chartered Institute of Management Accountants (CIMA).

Career opportunities

Accounting is a subject field with a high demand for graduates.

Opportunities for qualified accountants are extensive, and our graduates have found work with companies such as Angel Finance, BBC, Grant Thornton, Hays Agency, Hartley Fowler LLP, The Courtauld Institute of Art and The Royal Opera House.

Entry requirements

In addition to the University's standard entry requirements, you should have:

  • a minimum of grades CCC in three A levels (or a minimum of 96 UCAS points from an equivalent Level 3 qualification, eg BTEC National, OCR Diploma or Advanced Diploma)
  • English Language and Mathematics GCSEs at grade C/grade 4 or above (or equivalent)

If you don't have traditional qualifications or can't meet the entry requirements for this undergraduate degree, you may still be able to gain entry by completing our Accounting and Finance (including foundation year) BA (Hons) degree.

To study a degree at London Met, you must be able to demonstrate proficiency in the English language. If you require a Tier 4 student visa you may need to provide the results of a Secure English Language Test (SELT) such as Academic IELTS. For more information about English qualifications please see our English language requirements.

If you need (or wish) to improve your English before starting your degree, the University offers a Pre-sessional Academic English course to help you build your confidence and reach the level of English you require.

Official use and codes

Approved to run from 2013/14 Specification version 1 Specification status Validated
Original validation date 10 Apr 2012 Last validation date 10 Apr 2012  
Sources of funding HE FUNDING COUNCIL FOR ENGLAND
JACS codes N400 (Accounting): 50% , N300 (Finance): 50%
Route code ACFINA

Course Structure

Stage 1 Level 04 September start Offered

Code Module title Info Type Credits Location Period Day Time
AC4052 Financial Accounting Core 15 NORTH AUT FRI AM
          NORTH AUT WED PM
          NORTH AUT WED AM
          NORTH AUT FRI PM
          NORTH AUT TUE AM
          NORTH AUT MON PM
          NORTH AUT MON AM
          NORTH AUT TUE PM
AC4053 Management Accounting Fundamentals Core 15 NORTH SPR WED AM
          NORTH SPR WED PM
          NORTH SPR TUE AM
          NORTH SPR TUE PM
AC4054 Management Information Systems Core 15 NORTH AUT FRI PM
          NORTH AUT FRI AM
AC4055 Data Science, Research and Analysis Core 15 NORTH SPR TUE PM
          NORTH SPR TUE AM
          NORTH SPR FRI AM
AC4056 Business Law and Ethics Core 15 NORTH AUT WED AM
          NORTH AUT WED PM
          NORTH AUT TUE AM
          NORTH AUT TUE PM
FE4051 Introduction to Financial Markets and Institutions Core 15 NORTH AUT MON AM
          NORTH AUT MON PM
FE4055 Understanding the Business and Economic Environ... Core 15 NORTH SPR WED PM
          NORTH SPR THU PM
          NORTH SPR MON PM
          NORTH SPR MON AM
          NORTH SPR WED AM
MN4W50 Learning Through Organisations Core 15 NORTH SPR FRI AM
          NORTH SPR FRI PM
          NORTH SPR WED AM
          NORTH SPR TUE AM
          NORTH SPR TUE PM

Stage 1 Level 04 January start Offered

Code Module title Info Type Credits Location Period Day Time
AC4052 Financial Accounting Core 15        
AC4053 Management Accounting Fundamentals Core 15 NORTH SPR WED AM
          NORTH SPR WED PM
          NORTH SPR TUE AM
          NORTH SPR TUE PM
AC4054 Management Information Systems Core 15        
AC4055 Data Science, Research and Analysis Core 15 NORTH SPR TUE PM
          NORTH SPR TUE AM
          NORTH SPR FRI AM
AC4056 Business Law and Ethics Core 15        
FE4051 Introduction to Financial Markets and Institutions Core 15        
FE4055 Understanding the Business and Economic Environ... Core 15 NORTH SPR WED PM
          NORTH SPR THU PM
          NORTH SPR MON PM
          NORTH SPR MON AM
          NORTH SPR WED AM
MN4W50 Learning Through Organisations Core 15 NORTH SPR FRI AM
          NORTH SPR FRI PM
          NORTH SPR WED AM
          NORTH SPR TUE AM
          NORTH SPR TUE PM

Stage 2 Level 05 September start Offered

Code Module title Info Type Credits Location Period Day Time
AC5062 Financial Reporting Core 15        
AC5063 Principles of Finance Core 15        
AC5064 Taxation - Income Tax Core 15        
AC5065 Taxation - Corporate Tax Core 15        
AC5066 Management Accounting Core 15        
BL5055 Company and Business Law Core 15        
FE5056 Problem Solving: Methods and Analysis Core 15        
AC5061 Audit and Internal Control Option 15 NORTH SPR THU AM
MN5074 Sustainability, Business and Responsibility Option 15        
MN5076 Fundamentals of Project Management Option 15        

Stage 3 Level 06 September start Offered

Code Module title Info Type Credits Location Period Day Time
AC6062 Audit and Assurance Services Core 15 NORTH AUT THU PM
AC6064 Advanced Financial Reporting Core 15        
AC6065 Financial Management Core 15        
AC6066 Advanced Management Accounting Core 15        
FE6P04 Dissertation Core 30        
AC6067 Accounting Theory and Regulations Option 15        
FE6052 Personal Finance Option 15 NORTH SPR THU PM
FE6053 International Trade and Finance Option 15 NORTH AUT WED PM
FE6057 International Banking Option 15        
FE6059 Financial Instruments Option 15        
FE6060 Financial Engineering Option 15        
MN6071 Practising Business Strategy (with simulation) Option 15        
MN6W04 Professional Experience Year Placement Option 30 NORTH AUT+SPR NA