BSc (Hons) Accounting and Finance
Why do some companies soar and others go bust? How can profits go up while the share price comes down? Accountancy gets to the heart of these questions. If you love numbers and variety, and want a sound technical knowledge and understanding of the business world, accountancy and finance could be your ideal degree. This degree is ranked 8th in the UK by The Times, 2020. The same curriculum is delivered in the Lancaster University Leipzig campus.
Structure and Fees
Lancaster University Leipzig offers merit based scholarships and additional funding options. Please contact us if you have any questions. Learn more about Scholarships and Fees here.
First Year Degree
Second Year Degree
Final Year Degree
Degree: Bachelor of Science
Duration: 3 years
Delivery mode: Full time
A Level: BBB
GCSE: Mathematics grade B or 6, English Language grade C or 4
International Baccalaureate: 30 points overall with 15 points from the best 3 Higher Level subjects (Mathematics AA or AI with at least 4 SL or 5 Math Studies)
BTEC: Distinction, Merit, Merit
We welcome applications from students with a range of alternative UK and international qualifications, including combinations of qualification. All students are expected to provide proof of English language proficiency (see Admission and Visa for more details).
Please contact us if you have any questions!
04 October 2021
07 June 2021 (only 3 semester option)
04 October 2021 (2 and 3 semesters)
We encourage you to pursue your interests, develop your strengths, and move towards your ideal career.
In your first year, you’ll study accounting and finance using real-world data from actual companies. You will also discover more about economic issues such as inflation, costs and pricing. You will also get advice on how to build your CV.
Second year core subjects include auditing, financial accounting, risk, corporate finance and management accounting for business decisions. You can also select from courses such as law, management decision making and advanced finance topics like hedging. Your third year builds on this knowledge while offering specialist options such as ethics, investments and taxation.
Whether it’s a tech start-up or a multinational industrialist, every company needs an accountant. Your studies can also be a route into corporate finance and business. Many Chief Executive Officers (CEOs) began their careers as accountants.
Did you know? Lancaster University Management School (UK) is quadruple-accredited by AACSB, EQUIS, AMBA and the Small Business Charter.
Ask one of our student ambassadors
Year One Core Modules
Introduction to Accounting and Finance
This course provides a comprehensive introduction to the basic concepts and techniques of Accounting and Finance, which include financial accounting, managerial finance, and financial statement analysis. An important element of this course is that it provides exposure to the business and financial environment within which the discipline of Accounting and Finance operates, using real-world financial data for actual companies.The course covers concepts, techniques and interpretive skills that relate to the external financial reporting of companies and their relationship to the stock market, and to the use of accounting information for internal management purposes.
Principles of Economics
Providing a thorough introduction to the discipline of Economics, this module is divided into two parts. The first part covers microeconomic analysis, including the theory of demand, costs and pricing under various forms of industrial organisation, and welfare economics. Many applications of theoretical models are examined. The second part focuses on macroeconomic analysis, including national income analysis, monetary theory, business cycles, inflation, unemployment, and the great macroeconomic debates.
This module will provide you with the opportunity to undertake a personal skills audit as part of the CV assignment. It will enable you to identify your current skills level and begin to collect evidence of skills acquisition. It will cover a detailed analysis of the individual in terms of personality, skills, goals, interests and career ideas, and self-development. It would include organisation recruitment processes, including consideration of what organisations are looking for, the nature of ‘transferable skills’ and how these can be developed, and how organisations can select and train people.
Quantitative Methods for Accounting and Finance
The key aim of this module is to equip you with essential mathematical and statistical skills relevant to the disciplines of accounting and finance. The module aims to prepare you for more quantitatively-focused subjects offered across the whole suite of Accounting and Finance undergraduate programmes.
This is a 40-credit module that spans across three semesters. In Michaelmas term, you will cover the topics in mathematics such as functions, differentiation, integration, matrix algebra. In Lent term, the module will introduce the basic statistics. You will learn some of the features of the financial data, the rules of probability and hypothesis testing. In Summer term, the module will introduce financial markets with some emphasis on risk, efficiency and operation.
Year Two Core Modules
Accounting Information Systems and Auditing
This module provides an overview of the design and main features of accounting information systems (AIS). It introduces methods used by business to meet the financial information needs of external parties and management and includes systems used for collecting, recording and storing transactions data, internal controls and effective design of AIS. It also provides an introduction to auditing, including the regulatory framework, audit planning, systems auditing and substantive testing.
Career Skills in Accounting and Finance 1
This is the second component of three and consists of further employability skills such as applying for graduate jobs or postgraduate study; a 'refresh' of the application process; signposting to extra support, constructing a Personal Career Plan, plus an introduction to and preparation for the third component.
Management Accounting for Business Decisions
This module provides an introduction to the use of management accounting information for management purposes. This includes an examination of cost-volume profit analysis, the concepts of direct and indirect costs, and various costing methods. The importance of budgets to organisations and their impact on performance are also discussed.
Principles of Finance
This module covers project evaluation methods as well as risk, return and the cost of capital, including the capital asset pricing model. Corporate financing, including dividend policy and capital structure, options, and working capital management will also be investigated.
Principles of Financial Accounting
This module examines the main features of financial reporting by UK companies as well as the regulatory requirements and conceptual bases associated with these, with attention given to the UK Companies Acts and international accounting standards. Time will also be devoted to inflation accounting, group accounts, and problem areas and to specific reporting topics of current interest and concern.
Statistical Methods for Business
The overall objective of this course is to develop students' abilities to describe, analyse and interpret data soundly, making effective use of computer software. These skills will help students demonstrate to prospective employers that they have practical skills that can immediately be put to good use to solve problems for organisations either in the public or private sector. The lecture materials and problems that students are asked to solve in tutorials relate to typical problems that organisations have to solve in practical situations where data analysis skills are required.
Techniques for Management Decision Making
Techniques based on mathematics and statistics can be extremely powerful tools in helping to solve organisational problems and are widely used in practice. This module explains the business situations in which such techniques apply, and shows how to use the techniques and interpret the results to make better business decisions.
Five such techniques will be covered:
- Decision analysis
- Network analysis
- Linear programming
This course is designed to introduce students to key aspects of consumers and firms. The topics selected aim to bridge the gap between the more theoretical aspects of microeconomics and its applications.
Topics that will be covered include:
- Consumer Behavior
- Firms, Production & Costs
- General Equilibrium
- Monopoly, Pricing & Advertising
- Game Theory
- Information Economics
- Business Strategy
- Externalities, Public Goods & Rent Seeking
The overall aim of this course is to develop an appreciation and understanding of the conceptual and descriptive language of marketing, and its utilisation within a business and management context.
Year Three Core Modules
Career Skills in Accounting and Finance 2
The third component of a three part module taught throughout your studies and consists of a project utilising basic skills required by most employers, e.g. report writing, presentations, IT skills, etc. within the context of a topic related to the student's probably employment sector target, e.g. finance, auditing, accounting, etc..
Financial Accounting I
This module deals with accounting for complex entities, addressing concepts, issues and techniques. It examines accounting for business combinations, goodwill and strategic investments, and other aspects of consolidation, foreign currency translation, segmental reporting, and accounting for financial instruments, all within the context of modern accounting theory.
Financial Accounting II
This module develops your ability to critically evaluate advanced financial accounting issues, placing this within the international accounting context. It focuses on International Financial Reporting Standards (IFRS), with appropriate and relevant comparisons to US GAAP. Other topics covered include the accounting treatments of taxation, leases, pensions, provisions and contingent liabilities. The module also looks at empirical research on issues of relevance to accounting practitioners and accounting regulators.
Advanced Management Accounting
Aiming to extend your understanding of management accounting, this module focuses on both specialised techniques and the particular contexts in which they might be applied.
In addition to introducing and explaining the use of quantitative methods such as simple and multiple regression, it covers topics such as advanced activity-based costing and customer profitability analysis, pricing for profitability, and flexible and activity-based budgeting.
This module examines corporate financing and investment decisions, focusing in particular on settings where companies’ assets and liabilities contain embedded options. Topics covered include valuation of options, investment appraisal, valuation of warrants and convertibles, capital structure, and mergers and restructuring.
International Financial Management
This module provides knowledge that is important to those concerned with financial management in a multinational setting. Areas covered include the relationships between exchange rates, interest rates and inflation rates, forward, futures and options markets, and corporate exchange rate risk management.
Financial Statement Analysis
This module covers techniques and literature relating to the question of how markets use accounting information. The topics it introduces include the use of accounting numbers in the valuation of businesses, the properties of accounting ratios, accounting quality analysis, prediction of financial distress, relationships between share prices, and accounting numbers.
Management in the 21st Century
A general understanding of the way in which contemporary management functions and what sorts of issues management and managers are finding to be of central importance. The underlying objectives of this module are to explore how management and business can be treated as a global phenomenon - in other words, that management and business are not merely a collection of techniques from several disciplines, but rather have a coherent cultural core which corresponds to a system of values that have to be grasped and understood if management and business are to make sense at all. Therefore, we will seek to show how management and business are part of the broader cultural and historical nature of contemporary global society.
Lancaster University Degree Award
BSc (Hons) Accounting and Finance students will receive their degrees from Lancaster University in the UK, with accreditations.