BSc (Hons) Business Management with Accounting and Finance

Key Information

Duration

Three years (full-time)

Intake dates

October 2023

Location

Leipzig

Tuition Fees 2023/24

International €16,500

EU €9,900

Overview

The overall aim of the programme is to provide students with a thorough grounding in theoretical and practical aspects of business management and accounting and finance, through modules drawn from the Management School departments. The scheme provides a wide variety of options that open up different career choices, providing high expected returns in terms of professional and vocational relevance.

Find out more

The Year 1 establishes the foundations of a broad spectrum of business management and accounting and finance theories and concepts. 

Year 2 builds upon this foundation, through the introduction of more advanced concepts and

operational aspects of business, management and accounting and finance. 

Year 3 draws the previous years’ teaching and learning together through introduction and development of Accounting, Finance and Strategy.

Students’ acquisition of knowledge and understanding is facilitated through the teaching and learning strategies pursued by the various departments from which BSc (Business Management with Accounting and Finance) modules are drawn. Teaching and learning methods used on the programme include lectures and small group teaching via seminars, tutorials, computer workshops, simulations and workshops. Students’ knowledge and skills are developed through taught material, exercises and coursework of increasing challenge and complexity throughout the programme.

Information contained on the website with respect to modules is correct at the time of publication, and the University will make every reasonable effort to offer modules as advertised. In some cases changes may be necessary and may result in some combinations being unavailable, for example as a result of student feedback, timetabling, Professional Statutory and Regulatory Bodies' (PSRB) requirements, staff changes and new research.

Introduction to Management

 

Introduction to Business Analytics

Business analytics focuses on developing new insights and understanding of business performance based on data analysis.

Designed to give you the kind of skills that are sought after in many organisations, this module introduces you to a range of quantitative techniques for collecting, analysing and interpreting data and develops your understanding of how to apply these techniques to management problems to draw practical conclusions. The module provides the foundations for statistical methods in follow-up modules.

The computing side of the module introduces the use of word processing, spreadsheet software for statistical calculations, and writing of management reports.

You will learn not only the fundamental analytical techniques, but also when and how to apply them to management problems and how to interpret the results. This module also involves you working as a junior business analyst on a simple but realistic case study and reporting results and conclusions to a fictional boss.

Principles of Marketing

The aim of this module is to introduce the key elements of marketing as both scientific discipline and organisational practice. The module is designed around three themes which serve as a solid foundation for the second year module MKTG227 marketing Management Essentials and further marketing modules following this.

This module also aims to support students in the transition towards independent learning, and in the development of a critical and analytical approach to ideas and theories.

Introduction to Economics

 

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.

Employability and Careers I

This module is designed to support the first stage in your journey towards securing a future graduate job role which you will enjoy and thrive in doing! In the first year, we combine gaining business insights from visiting employers alongside a focus on two important stages for employability preparation: ‘Opportunity Awareness’, career opportunities available to Business Management graduates and how this knowledge relates to ‘Self-Awareness’, personal interests, motivations, values & skills.

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 Financial Accounting

This module examines some of the main features of financial reporting by UK companies, the associated regulatory requirements and the conceptual bases of these (UK Companies Acts and international accounting standards). Also examined are specific reporting topics of current interest and concern, including the basics of consolidated accounting.

Principles of Finance

This module covers project evaluation methods, risk, return and the cost of capital (including the capital asset pricing model), corporate financing (including dividend policy and capital structure) and an introduction to options.

Accounting Information Systems

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

Introduction to Statistical Methods for Business

 

Entrepreneurial Discovery and Practice

 

Employability and Careers II

In the second year of your Business Management degree, this module supports your journey towards securing a future graduate job role which you will enjoy and thrive in doing! We combine gaining business insights from visiting employers, recent alumni and networking opportunities, alongside a focus on building graduate labour market knowledge and preparation for the graduate recruitment selection process.

And any three of:

  • Management Accounting for Business Decisions
  • Entrepreneurial Mindset
  • Accounting Information Systems and Auditing
  • Marketing Management Essentials
  • Microeconomic analysis
  • Principles of Financial Accounting
  • Social Media marketing

For full description of these modules go to Undergraduate Courses | Lancaster University.

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 (associates and joint ventures), and other aspects of consolidation, foreign currency translation, accounting for leases, all within the context of modern accounting theory.

Corporate Finance

This course equips students with the knowledge to apply corporate finance theory to real-world situations. It builds on and extends the concepts covered in the basic financial management courses and introduces advanced topics in Corporate Finance. The major topics covered include capital budgeting, capital structure, corporate valuation, real options, equity financing for startups, IPOs, leasing, short term financing, merger and acquisitions, and corporate governance.

Advanced Management Accounting

This module aims to extend students’ understanding of management accounting, focusing on three distinct approaches to the discipline: conceptual, practical and applied. The conceptual material in the course will seek to develop critical thinking skills for students by inviting them to consider the wide range of philosophical and economic theories that fit with the management accounting paradigm. The practical element of the course will introduce students to new management accounting techniques, including the role of uncertainty in management accounting, management control systems and the use of transfer pricing. The applied material will centre on a series of case study classes in which students will be required to engage with case study material and articulate their ideas about how to help the case organisation solve the particular problems that it faces.

International Financial Management

 

Financial Statement Analysis

This module introduces: the use of accounting numbers in the valuation of businesses; the properties of accounting ratios; accounting quality analysis; financial distress prediction; relationships between share prices and accounting numbers.

Financial Accounting II

This module develops students' critical evaluation of advanced financial accounting issues and places this within the international accounting context. Topics covered include the accounting treatments of taxation, pensions and share-based payments. The module also introduces theoretical foundations and empirical research on issues of relevance to accounting practitioners and accounting regulators in topic areas such as earnings management, building on and extending the basics introduced in other modules.

And any three of:

  • Financial Accounting I
  • Principles of Strategic Management
  • Ethical Responsibility in Business
  • Advanced Management Accounting
  • Rethinking Leadership
  • Management in the 21st Century
  • Financial Accounting II
  • Financial Statement Analysis

For full descriptions of these modules go to Undergraduate Courses | Lancaster University.

Teaching is delivered via a combination of small group lectures and group-based tutorial coursework (oral and written presentation).

Assessment is through examinations, essays, projects, and oral presentations at both the individual and group levels.

You will be encouraged throughout to undertake independent study to supplement what is being taught/learnt and to broaden your personal knowledge.

We set our fees on an annual basis.

As a guide, our tuition fees for the academic year 2023/24 are:

  • EU/UK: €9,900
  • International: €16,500

There will be a year-on-year increase of up to 5% for all fees.

At Lancaster University Leipzig we offer a range of scholarships and funding/loan options to our students to help cover the cost of tuition and/or living expenses. 

All BSc (Hons) Business Management students will receive their undergraduate degree from the quadruple-accredited Lancaster University Management School in the UK.

Please click on the link below to visit the full, country specific entry requirements for this programme.

The language of instruction at Lancaster University Leipzig is English. To enter the degree, you must be able to demonstrate you are suitably proficient in English. 

Please note that proof of German language is not required to study in Germany in English.

Visit the link below for information about English entry levels.

Lancaster University ranks 15th in the UK for Business, Management and Marketing

The Times and Sunday Times

Good University Guide (2023)

Careers

A degree in management (with accounting and finance) will place students well for careers in a wide range of businesses. Possible careers could be in the following areas:

  • Accounting: graduates employed as accountants would be responsible for maximizing profitability for their clients or employers. Students could also study further to get ACCA or CIMA qualification and gain chartered accountant status, who would be qualified to deal with tax returns and auditing, as well as offering financial advice.
  • Banking: This degree will provide students with valuable skills to go into banking and economic analysis, in the business/commercial sector and retail.
  • Stock Broking: Accounting and finance career prospects go far beyond digits and analysis. Graduate who enjoy dealing with people (a good negotiator and communicator) coupled with the skills from this degree may selling stocks.
  • Financial Management: Knowledge gained in money management, savings and investments in this degree will place students well to become financial advisors, some specialising in mortgages and pensions.
  • Tax advisors: While the degree does not provide specific knowledge on the extremely varied areas of taxation, graduates will be positioned well to develop these skills.
  • General management and clerical roles: the degree provides insights in to marketing and human resources.

Students who decide not to go down an Accounting or Finance career will be well positioned to apply for positions in general management and clerical positions along with posts in sales and marketing, advertising, human resources and people management.

16th in the UK for Accounting and Finance

The Times and Sunday Times

Good University Guide (2023)

More information

Scholarships

Find out if you are eligible for one of our merit-based scholarships, which could earn you up to €5000 in savings.

Careers and employability

Learn why Lancaster University Leipzig might be the perfect choice for you to kick start an exciting career.

Why choose us

Discover how you can earn a degree from a top UK university while while studying on a modern, urban campus in Germany.