Accounting, Finance and Economics Foundation Year
Option for Placement Year
Option for Study Abroad
Option for Placement Year
Option for Study Abroad
96 UCAS Tariff points
From a combination of acceptable Level 3 qualifications which may include: A level, T Level, BTEC Diplomas/Extended Diplomas, Scottish and Irish Highers, Access to HE Diplomas or the International Baccalaureate
Find out how many points your qualifications are worth using the UCAS Tariff calculator: www.ucas.com/ucas/tariff-calculator
Northumbria University is committed to supporting all individuals to achieve their ambitions. We have a range of schemes and alternative offers to make sure as many individuals as possible are given an opportunity to study at our University regardless of personal circumstances or background. To find out more, review our Northumbria Entry Requirement Essential Information page for further details www.northumbria.ac.uk/entryrequirementsinfo
Subject Requirements:
There are no specific subject requirements for this course
GCSE Requirements:
Students will need Maths and English Language at minimum grade 4 or C, or the equivalent.
Additional Requirements:
There are no additional requirements for this course
International Qualifications:
We welcome applicants with a range of qualifications from the UK and worldwide which may not exactly match those shown above. If you have taken qualifications outside the UK you can find out how your qualifications compare by visiting our country page www.northumbria.ac.uk/yourcountry
English Language Requirements:
International applicants are required to have a minimum overall IELTS (Academic) score of 6.0 with 5.5 in each component (or approved equivalent*).
*The university accepts a large number of UK and International Qualifications in place of IELTS. You can find details of acceptable tests and the required grades you will need in our English Language section. Visit www.northumbria.ac.uk/englishqualifications
UK Fee in Year 1: £9,250
* The maximum tuition fee that we are permitted to charge for UK students is set by government. Tuition fees may increase in each subsequent academic year of your course, these are subject to government regulations and in line with inflation.
International Fee in Year 1:
ADDITIONAL COSTS
There are no Additional Costs
* At Northumbria we are strongly committed to protecting the privacy of personal data. To view the University’s Privacy Notice please click here
Module information is indicative and is reviewed annually therefore may be subject to change. Applicants will be informed if there are any changes.
AF3000 -
Professional Practice for Accounting, Finance and Economics (Core,20 Credits)
This module is designed to develop your understanding of professional practice in accounting, finance and economics. It will empower you to develop a commercial mind-set and will give you the opportunity to find out about what it means to work in accounting, finance and economics sectors. You will become more confident in generating and implementing new ideas and will begin to develop your own network of business contacts.
You will deepen your understanding of what it means to work in accounting, finance and economics through a series of lectures and seminars. You will engage with experienced professionals working in accounting, finance and economics through guest lectures and round table discussions that will enable you to deepen your understanding of what it is like to work in your chosen field.
The module centres on collaboration and teamwork, and your team will be required to secure, conduct and record an interview with an established professional and share your experience with the rest of the group (50%). You will also be required to prepare an individual reflective journal mapping your own personal development and experiences (50%). This will enable you to develop group work skills, project management skills, communication skills and reflective practice.
AF3001 -
Practical Mathematics and Statistics (Core,20 Credits)
This module provides you with the knowledge and skills of applying a variety of practical mathematical and statistical methods that are used to analyze and interpret financial data. On the side of mathematics, you will be introduced to a range of subject specific formulas, and related operations such as factoring, grouping, and transposition. This will be used as an opportunity to review key notation and basic mathematical operations. Subsequently, linear and some important non-linear functions will be examined in the context of main theories from economics and finance. In particular, supply and demand theory and the time value of money concepts will be used as key contexts in the example of how important formulas are derived. On the side of statistics, you will be exposed to formal descriptive statistics and introduced to the key probability distribution functions such as Binomial, Poisson and Normal. You will use the named probability distribution functions to learn how to formally formulate hypotheses.
More informationAF3002 -
Navigating the Financial World (Core,20 Credits)
This module will to introduce you to key concepts of corporate finance, theories and practice in a business environment. The module covers core aspects ranging from organisational goals, adding value to shareholders to raising finance. Specifically, you will study financial objectives of the corporation, shareholder vs. stakeholders interests, capital structure, decision-making and, the basics of mergers and acquisitions.
Responsible financial management is at the heart of business decision making. This includes how firms raise finance and the relationship between the business and its stakeholders. This module will develop your awareness of contemporary financial issues and academic literature surrounding such issues through a research rich approach to teaching. The module explores case studies alongside interactive lectures designed to develop analytical thinking skills. In addition, this will cultivate your business curiosity regarding commercial and professional activity in accounting, finance and economics. Lectures will be supported by seminars, which enable students to examine the cases and lecture topics in greater detail.
The module will engage you with reading and analysing key stories, cases and events in the business press over the last few years, particularly in the Financial Times (which you will have a free university subscription to). In addition, the module introduces you to the Newcastle Business School Trading Room, a high tech platform specialist software that gives you access to financial and market data and, global news and insights.
AF3003 -
Ethics and Social Responsibility (Core,20 Credits)
This module aims to develop your curiosity and interest of ethical decision making in business, and to help you understand what ethics means from both an individual and organisational perspective. The module will enable you to develop an awareness of ethical dilemmas in business and challenge you to discuss and debate ethical decision-making as a future employer or employee.
The module further engages you in collecting, reading and reflecting on past business news, events and case studies where ethical dilemmas have been prominent, and will encourage you to use the knowledge you will gain from interactive lectures to contribute to wider discussion and critical debate about ethical issues in business. In particular, this module will support you in developing a strong commercial awareness around ethics in business today, and leave you with the skills needed to foster good ethical understanding needed throughout your degree and future.
At the end of the module, students will also be able to understand and critically discuss the concepts and topics of corporate social responsibility, as well as business’ responsibility towards sustainability and the United Nations Sustainable Development Goals.
AF3004 -
Business Intelligence and Analytics (Core,20 Credits)
This module is designed to develop your understanding of the role that data and data analytics plays in organisations. The module will introduce you to various data sources. It will empower you to build an understanding of how to collect and analyse data. You will become confident in locating data, interpreting and analysing it to facilitate business decisions.
What and where?
You will consider the different forms of data and learn to recognise data, examining fields, records and tables and carry out searching, filtering and querying. You will receive an introduction to specific databases that are available in the economic arena including an initial introduction to (indicative examples) the Newcastle Business School Trading room, Eurostat, FAME (Financial Analysis Made Easy) and OSIRIS in addition to data sources (including electronic journals) available within the library at Northumbria so you can use these throughout your career. You will learn how to locate company, industry, market and country reports.
Analysing the data
You will also build simple models in Excel to facilitate the simple analysis of trading and profitability for different organisations. You will receive a basic introduction to Excel covering simple functions such as =COUNT, =MAX, =MIN, =AVERAGE etc. and build formulas to manipulate data. You will learn how to make valid comparisons and recommend appropriate business decisions.
Presenting the data
You will learn how to present to an audience in such a way that they can understand the key findings you have discovered. You will learn about different graphs/charts and how to present them appropriately.
Employment in data
This section briefly considers employment roles/tasks within the data and analytics fields e.g. being a Data Officer and how data is handled within organisations in line with data protection legislation such as GDPR.
AF3005 -
Contemporary Issues in Accounting, Finance and Economics (Core,20 Credits)
In this module you will explore the contemporary issues that are impacting the world of Accounting, Finance and Economics today. You will be able to understand and critically apprise the issues in order to demonstrate how these contemporary issues are likely to shape the future of the Accounting, Finance and Economics landscape. For example:
Accounting
The rise of Artificial Intelligence and changing nature of the Accounting profession
Global Accounting standard harmonisation
Governance and its impact on companies
Finance
COVID-19 (Global Pandemics) and market volatility
Open Banking
Development of FinTech
Development of RegTech
Economics
Global financial crisis
China/USA trade war
Brexit for macroeconomics
You will be assessed my means of a continuous professional development (CPD) event. You will be expected to prepare a professional briefing paper and present (in your group) to a panel of academics and industry experts. In this event you will present on your chosen contemporary issue, providing a critical appraisal to demonstrate your understanding of how the issue will impact the Accounting, Finance or Economics landscape. This will involve you carrying out research on a topic and being able to find innovative and interesting ways to disseminate that research to the experts and your peers during the event.
To start your application, simply select the month you would like to start your course.
Our Applicant Services team will be happy to help. They can be contacted on 0191 406 0901 or by using our Contact Form.
Full time Courses are primarily delivered via on-campus face to face learning but could include elements of online learning. Most courses run as planned and as promoted on our website and via our marketing materials, but if there are any substantial changes (as determined by the Competition and Markets Authority) to a course or there is the potential that course may be withdrawn, we will notify all affected applicants as soon as possible with advice and guidance regarding their options. It is also important to be aware that optional modules listed on course pages may be subject to change depending on uptake numbers each year.
Contact time is subject to increase or decrease in line with possible restrictions imposed by the government or the University in the interest of maintaining the health and safety and wellbeing of students, staff, and visitors if this is deemed necessary in future.
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