This unit will develop the understanding of conceptual frameworks and accounting theories and their application in the current business environment. It will develop your knowledge of accounting standards, group reporting and corporate analysis in complex environments. You will develop and appreciation of the common ethical, professional judgement and governance scenarios in which a professional accountant operates.
Corporate Finance and Tax 2
This unit builds upon the introductory financial management concepts in "Corporate Finance & Tax 1". The course covers advanced Investment Appraisal, cost of capital and business valuations using commercial examples. New topics introduced include risk management, focusing on the use of financial instruments to manage exchange rate index; commodity and interest rate risk and option pricing using the BSM model and the use of real options. The tax aspect of this unit develops previous knowledge gained to look at the tax consequences of real-world scenarios for both individuals, businesses and corporations and the mitigation of tax liabilities through tax planning.
Business Acquisitions and Transnational Auditing
This unit aims to developing your understanding of globalisation on multinational businesses and theories in corporate reporting. The unit will also address key accounting issues and how to recommend resolutions. Core themes covered in this unit will include conceptual framework and other regulatory requirements relating to acquisitions, ethical reporting practices, international financial reporting standards, harmonisation of reporting practices, emerging reporting issues, report writing and current developments in transnational auditing.
Financial Planning for Individuals
This unit aims to develop your personal financial planning skills such as tax planning, pension planning and protection issues and your understanding of the impact of these on individuals at both a theoretical and practical level. Core themes include the six stage planning process, tax planning, estate planning, protection and retirement planning, saving and investments.
Risk Management in Banking and Insurance
This unit has been designed to specifically to consider the risk management challenges faced in the banking and insurance sectors. We will survey the regulatory environment and consider recent developments. Consideration will be given to techniques and specifics that can be utilised to identify, assess, report on, manage and monitor risk. The unit covers the following topic areas; the financial crisis, risk measurement (VaR), EWRM, banking regulation (Basel III & Vickers Report), securitisation, types of risk (credit, operational, liquidity, interest rate), derivative products, insurance company risks, investment of insurance funds, underwriting and pricing, and insurance regulation (Solvency II).
Banking, Financial Markets and Institutions
This unit will provide you with an examination and critical evaluation of the institutions, markets and mechanisms in place for the transfer of money in an economy. The financial system is examined in detail and the banking and economic crisis is explored in terms of causation and lessons for the future. As well as traditional theory, you will gain an appreciation of behavioural economics and an advanced understanding of the contemporary financial system, located nationally, globally and on the web.
Business Environment and Operations
This unit provides you with a holistic view of management across the organisation in particular the role of the management accountant. The unit builds on important concepts from management account studies and ethics, and includes strategic options, skills and issues the accountant would be exposed to in an organisational environment. Your studies will cover topics such as identifying types of competitive environment, developing strategies, CSR and ethics, the marketing environment, developments in strategic management; you will be learning the tools and techniques of project management including the role of a project manager. In addition to the competitive environment and project management you will also learn the concepts associated with the effective operation of an organisation and the various approaches of management and leadership, including the activities associated with managing people.
International Financial Management
This unit will provide you with an understanding of the forms of international finance and the workings of international capital markets. It will introduce and build on the theory of foreign exchange and provide detailed knowledge of the management of international financial risks.
Current Issues in Management Accounting
Building upon the Management Accounting and Internal Systems unit at Level 5, you will develop a strategic insight into management accounting and performance management. Your studies will cover topics such as: The elements of Management Accounting, competitive strategies and how they influence management accounting practices, traditional and modern performance management techniques, transfer pricing, reward systems and behavioural aspects of management accounting, ethical issues in management accounting, quality management (including practices of continuous improvement) and how they impact management accounting and contemporary issues in management accounting.
Assurance and Corporate Governance
This unit aims to develop your understanding of the concepts, principles and theories relating to corporate audit, assurance and corporate governance. Core themes the unit will cover include legal, ethical and other regulatory requirements relating to audit, assurance and corporate governance. The nature, process and management of audit and assurance services and current developments affecting audit, assurance and corporate governance.