Accounting and Finance and Economics

Finance and Investment with a Year in Industry - BSc (Hons)

UCAS code N300:K

2019

Our Finance and Investment degree teaches you how to apply economic and financial principles to real business situations. It prepares you for a career in a broad range of sectors including financial management, investment banking and equity trading.

Overview

Kent Business School delivers a high standard of business education and is the largest school at the University of Kent. Our academic research and links with global business inform our teaching, ensuring a curriculum that is both rigorous and current.  We are a top 20 UK business school for our academic teaching and student satisfaction.

Our degree programme

This four-year programme prepares you for a career in a broad range of sectors including financial management, investment banking and equity trading. In your first year, you study financial accounting, data analysis, statistics, financial markets and instruments, economics for business and quantitative methods for finance. This gives you a thorough understanding of the core principles of finance and investment.

In your second and final years, you deepen your knowledge and focus on specialised topics. A wide range of options means you can choose modules that interest you: areas covered include corporate finance, investment analysis, financial econometrics, portfolio management, business law and employment rights.

Elements of practical work are carried out in the finance lab with the aid of the Bloomberg virtual trading platform. You can apply the theories you learn in the classroom to real situations, accessing and engaging with market data via case studies and online databases.

Year in industry

As part of this degree, you take a compulsory paid business placement between your second and final years. The placement runs for at least 44 weeks and starts between June and September, following your second-year examinations. Placements help develop your skills and knowledge and aid your final year of study. 

Find out more about the placement year with the Kent Business School.

Extra activities

Kent Business and Kent Enterprise are two of our student-run societies. Their activities have included events with guest speakers from industry and support for budding entrepreneurs.

Kent Business School also puts on special events and schemes. These may include:

  • workshops and seminars
  • business challenges
  • enterprise initiatives, including the Business Start-Up Journey
  • networking events.

Professional network

At Kent Business School, we pride ourselves on the strength of our global connections. These include links with:

  • BBC
  • Barclays
  • Cummins
  • IBM
  • KPMG
  • The Bank of England
  • Kent County Council.

Kent Business School also has excellent links with business schools globally, including in China, Hong Kong, France, Germany, Spain, Finland and Italy.

Independent rankings

In the National Student Survey 2017, over 84% of final-year Accounting students were satisfied with the overall quality of their course.

For graduate prospects, Accounting and Finance at Kent was ranked 8th in The Guardian University Guide 2018.

Of Accounting students who graduated from Kent in 2016, 93% were in work or further study within six months (DLHE).

Teaching Excellence Framework

Based on the evidence available, the TEF Panel judged that the University of Kent delivers consistently outstanding teaching, learning and outcomes for its students. It is of the highest quality found in the UK.

Please see the University of Kent's Statement of Findings for more information.

TEF Gold logo

Course structure

The course structure provides a sample of the modules currently available for this programme. Most programmes require you to study a combination of compulsory and optional modules. You may also have the option to take  ‘wild’ modules from other programmes offered by the University in order that you may explore other subject areas of interest to you or that may  further enhance your employability.

Based on sector research, the following innovative new modules will also be offered on this programme from year two (for 2019 entry students):

Stage 2

CB363 - Economics For Business 2

CB765 - Corporate Finance

CB766 -  Derivatives

CB767 -  Financial Econometrics

CB773 -  Financial Reporting and Analysis

CB774 -  International Banking

CB775 -  Investment Analysis

CB754 - Corporate Social Responsibility

Year in industry

You have the option to take a 12 month placement which is integral to your chosen degree programme between the 2nd and 3rd year of study

You are supported by a dedicated placement team and a programme designed to ensure that you gain experience in the functional areas and industries of your choice.

The placement allows you to experience, first hand, many of the issues addressed in the taught programme and to use the tools, techniques and applications in a real business setting. It will become a vital component of your CV and will give you a distinct advantage over other business graduates.

You need to pass Stage 2 to progress to the Year in Industry. Find out more about the placement year with the Kent Business School.

Stage 3 - Compulsory

CB777  -  Fixed Income Securities

CB772  - Portfolio Management

CB776 - Alternative Investments

CB769  -  Risk Management

Stage 3 - Optional

CB771 -  International Financial Management

CB768 - Behavioural Finance

CB764 - Asset/Liability Management

CB5009 - Contract Law and Consumer Rights 

CB770 – Financial Modelling

CB760 – Business, Law & Employment Rights

CB542 - Business / Management Project

The following modules are offered to our current students. This listing is based on the current curriculum and may change year to year in response to new curriculum developments and innovation:

Stage 1

Modules may include Credits

This module will cover the key concepts of microeconomics and theories related to the individual, firm and industry in the short and long run, underpinned by existing evidence on past and current economic trends in the UK, Europe and the rest of the world.

• Key microeconomic concepts such as opportunity cost and equity versus efficiency

• Supply and demand; elasticity

• Cost and revenues

• Profit maximisation under different market structures

• Input markets; labour and capital

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15

The aim of this module is to give students a solid grounding in key statistical techniques required to analyse effectively business data and data relevant for business. The content includes:

• Maths and statistical skills for business; revision of algebra and basic mathematical functions.

• Summarising data with histograms, bar charts, frequency distributions, measures of central tendency and dispersion.

• Spreadsheets: features and functions of commonly-used spreadsheet software including: workbook, worksheet, rows, columns, cells, data, text, formulae, formatting, printing, graphics and macros, charts and graphs, data management facilities, data validation, spreadsheet security and documentation.

• Probability: The relationship between probability, proportion and percent, addition and multiplication rules in probability theory and Venn diagrams.

• Common Probability Density Functions.

• Sampling and its use in inference, and applications of sampling in business management.

• Regression and correlation: scatter plots; simple regression; interpreting computer output.

• Forecasting using spreadsheets.

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15

Topics the module will cover include:

• Orientation to studying at university: including time management, learning styles and making sense of feedback.

• Cognitive development: writing essays and reports in higher education; referencing and plagiarism; how to construct a reasoned argument, and an introduction to critical and analytical thinking.

• Research skills: understanding what is meant by business and/or management research, including in brief its process from generating a hypothesis to data collection, sampling and analysis; how to develop a literature review, and the differences between quantitative and qualitative research and primary and secondary sources.

• The theories underlying the personal skill development needed to achieve success at university and in the workplace, including: effective communication skills; group and team working; problem solving; creative and innovative thinking, and presentation skills.

• Personal Development Planning for Employability: including career exploration, CV writing, and making sense of employers' skills requirements.

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15

This module builds on knowledge gained from CB367: Introduction to Data Analysis and Statistics for Business. The module is designed to provide a sound mathematical and statistical foundation for studying finance. Students will learn the key mathematical and statistical tools necessary to analyse effectively financial data.

Topics covered include:

• Basics: algebra, linear equations

• Solving simultaneous linear equations

• Rates of change and Differentiation

• Optimization (minimisation-maximisation)

• Introduction to matrix algebra

• The classical simple and multiple linear regression model (estimation – inference)

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15

This module begins by looking at the role of investments and finance in an organisational context. It then considers the role of financial markets and the links between investors and businesses. Students will learn different investment appraisal techniques used in capital budgeting decisions, such as NPV and IRR. The module also covers the basics of any investment decision, such as the relation between return and risk. In the second part of the module, student will learn about short and long term sources (i.e. capital structure) of finance available to businesses and how to determine the cost and value of each source of long-term finance.

Topics covered include:

- Short-term and long term investment appraisal and capital budgeting techniques

- Estimation of return and risk in the context of portfolio theory

- Short-term finance and working capital management

- Long-term finance and the cost of each source of finance

- Capital structure and weighted average cost of capital

- Interaction of investment and financing decisions

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15

This module introduces students to different financial markets and their role in the economy. These markets include equity, bond/debt/interest rate, foreign exchange and derivative markets. In this module, students will also learn about the trading instruments used in these markets. Moreover, the module offers an exploration of current developments in the world's financial markets and institutions, including innovation, globalization, and deregulation, with a focus on the actual practices of financial institutions, investors, and financial instruments.

Topics covered include:

• The development of financial markets and instruments and their role in the economy

• Money, interest and bond markets and their major instruments

• Equity markets, their functions and instruments

• Derivative markets and their instruments

• Foreign exchange markets

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15

The module will cover various aspects of the changing international business environment, and their impact upon business operations and strategy. It will give students an appreciation of the business difficulties faced; the variety of factors influencing the choices and compromises that have to be made in international businesses, and the implications of those for the future viability and effectiveness of the organisations concerned.

An indicative list of topics is given below:

• Globalisation: Definition, Evolution, Implications for countries, firms and people

• The International Business Environment: World Institutions, Patterns of International Trade and FDI Activities

• The Triad: European Union, United States, Japan - Investment, Trade, Relations

• Developing and Emerging Economies: Opportunities and Challenges

• Cultural Frameworks for International Business

• Entry Modes: Theory and Practice

• Internationalisation Theories

• International Expansion Strategies

• International Stakeholders – Ethical Issues

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15

This module aims to give students a better understanding of the importance of accounting in the modern world, and how accounts are produced and regulated to produce meaningful information to all stakeholders in a business.

The key topics of the module are:

1) Role and evolution of accounting

2) Single entry accounting; double entry bookkeeping

3) Financial reporting conventions

4) Recording transactions and adjusting entries

5) Principal financial statements; monetary items; purchases and sales, and bad and doubtful debts

6) Stock valuation; fixed assets, and depreciation methods

7) Liabilities and provisions

8) Accounting for sole traders and Limited Companies

9) Cash flow statements

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15

Stage 2

Modules may include Credits

This module will cover the basic principles of macroeconomics; such as the definition and measurement of key macroeconomic variables. Students will consider competing theories related to the macro economy in the short and long run. This will be underpinned by existing evidence on past and current levels of macroeconomic indicators in the UK, Europe and the rest of the world.

• The Macro economy – as a system: the circular flow (including injections and withdrawals), national income measurement, economic growth and international comparisons

• Macroeconomic variables: GDP, unemployment, inflation, money supply and balance of payments

• The open macro economy; including imports and exports; the role of exchange rates and an introduction to trade.

• Macroeconomic theories: including the classical approach, the Keynesian demand management approach and monetarism

• Macroeconomic policies: demand versus supply side economic management

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15

The aim of the module is to develop an understanding of corporate social responsibility (CSR) and sustainability informed by ethical theory and stakeholder perspectives. Students will have the opportunity to familiarise with essential readings and cases in CSR to enable them to recognise key issues that are raised by stakeholder groups such as shareholder activism; socially responsible investment; employee discrimination; working conditions; ethical issues in marketing; management; consumer protection; gifts/ bribes; accountability; collaboration with civil society organisations, and corruption of governmental actors. The module will therefore contribute in building an understanding on contemporary social issues in business by highlighting the importance of a collaborative approach with internal and external stakeholder groups.

  1. Business Ethics

  2. Corporate Social Responsibility

  3. Sustainability

  4. Social responsibilities of sectors and industries

  5. Implementation of socially responsible and sustainable programmes and initiatives

  6. Stakeholders of organisations, including:

      Consumers

      Employees

      Suppliers

      Competitors

      Shareholders

      Civil society

      Government

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15

Stage 3

Modules may include Credits

The law affects the commercial world in many ways. This module focuses on how businesses fulfil their legal obligations to customers, suppliers and their workforce. As well as exploring how businesses are structured and the duties on directors and partners it also considers the legal obligations individuals and organisations have over those to whom they have a duty of care. The module further covers the main laws governing the employment of staff and contractors. By applying the law to real-world business situations students are able to fine-tune their problem solving skills and their ability to construct well-reasoned and persuasive arguments.

The module covers the following topic areas:

• The English Legal System, Legal Process and Dispute Resolution;

• Law of Negligence – including general principles and negligent mis-statement

• Law of Business Organisations - classification of business organisations; main principles applying to general and limited liability partnerships and registered companies, and directors' duties

• Employment Law - the general scope of the legal obligations owed by employers to employees, including the employment contract, discrimination and dismissal

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15

The law affects the commercial world in many ways. This module focuses on the importance of law in governing transactions between individuals and businesses; what is required for legally compliant contracts; what the law expects of organisations in terms of protecting the consumer, and how businesses manage and avoid disputes. By enabling students to become familiar with those parts of the law they are most likely to encounter in their careers and in business the module helps them better understand the obligations that parties have to each other in law.

The module covers the following topic areas:

• The English Legal System

• The Legal Process and Dispute Resolution

• Law of Contract – including:

• Formation

• Contract terms

• Vitiating elements, such as misrepresentation and economic duress

• Performance and discharge of contract, including frustration

• Common law and equitable remedies, including damages

• Consumer Protection

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15

A synopsis of the curriculum

• Introduction to Business/Management Projects

• Research Methodologies

• Literature search and Literature Review

• Data collection and questionnaire

• Structuring a Project Report

• Data Analysis

• Presentations

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Teaching and assessment

In a typical week, you spend eight hours in lectures and four hours in seminars. Some modules have workshops or sessions in the micro-computer labs. You also spend considerable periods on individual study using the library resources.

Programme aims

The programme aims to:

  • Develop students’ appreciation of the nature of the contexts in which finance can be seen as operating, including knowledge of the institutional framework necessary for understanding the role, operation and function of markets and financial institutions. 
  • Provide students with a knowledge of the major theoretical tools and theories of finance, and their relevance and application to theoretical and practical problems
  • Develop students’ understanding of the relationship between financial theory and empirical testing, and application of this knowledge to the appraisal of the empirical evidence in at least one major theoretical area. The appraisal should involve some recognition of the limitation and evolution of empirical tests and theory.
  • Develop students’ ability to interpret financial data including that arising in the context of the firm or household from accounting statements and data generated in financial markets. The interpretation may involve analysis using statistical and financial functions and procedures such as are routinely available in spreadsheets (e.g. Microsoft Excel) and statistical packages (e.g. Eviews). It may assume the skills necessary to manipulate financial data and carry out statistical and econometric tests. 
  • Develop students’ understanding of the financing arrangements and governance mechanisms and structures of business entities, and of how theory and evidence can be combined to assess the effectiveness and efficiency of such arrangements.
  • Develop students’ understanding of the financial service activity in the economy and the factors influencing the investment behaviour and opportunities of private individuals.
  • Develop students’ ability to understand financial statements, and the limitations of financial reporting practices and procedures.
  • Develop students’ cognitive abilities and intellectual and transferrable skills.
  • Develop an understanding of key concepts, skills and techniques within the field of finance studies and appreciate how these are applied in the world of work.
  • Encourage the development and attainment of our students by providing a highly supportive environment.
  • Maintain high standards of academic rigour, currency and innovation.
  • Develop key transferable skills in the areas of numeracy, communication, financial and computer literacy.
  • Widen participation in HE among mature students, ethnic minorities and those without standard entry qualifications.
  • Prepare students for employment or further study.
  • Provide high quality teaching in supportive environments with appropriately qualified and trained staff. Meet the requirements for accreditation by CFA on successful completion of the programme.

Learning outcomes

Knowledge and understanding

You gain knowledge and understanding of:

  • The institutional framework necessary for understanding the role, operation and function of markets and financial institutions.
  • The major theoretical tools and theories of finance, and their relevance and application to theoretical and practical problems.
  • The relationship between financial theory and empirical testing, and the application of this knowledge to the appraisal of the empirical evidence in at least one major theoretical area, recognising the limitation and evolution of empirical tests and theory. 
  • The interpretation of financial data including that arising in the context of the firm or household from accounting statements and data generated in financial markets.
  • The use of statistical and financial functions and procedures such as those available in spreadsheets (e.g. Microsoft Excel) and statistical packages (e.g. Eviews) to interpret financial data.
  • The financing arrangements and governance mechanisms and structures of business entities, and of how theory and evidence can be combined to assess the effectiveness and efficiency of such arrangements.
  • The financial service activity in the economy and the factors influencing the investment behaviour and opportunities of private individuals.
  • Financial statements, and the limitations of financial reporting practices and procedures. 
  • Some of the areas specified for the common core from a practical business perspective.

Intellectual skills

You gain the following intellectual abilities:

  • Critically evaluate arguments and evidence
  • Capacities for independent and self-managed learning.
  • Analyse and draw reasoned conclusions concerning structured and, to a more limited extent, unstructured problems
  • Ability to locate, extract and analyse data from multiple sources, including the acknowledgement and referencing of sources 
  • Numeracy skills, including the ability to manipulate financial and other numerical data and to appreciate statistical concepts at an appropriate level 
  • Apply skills in the use of communication and information technology in acquiring, analysing and communicating information (these skills include the use of spreadsheets, word processing software, standard statistical packages)
  • Acquire experience of working in groups, and other interpersonal skills, and in presenting the results of their work orally as well as in written form

Subject-specific skills

You gain the following subject-specific skills:

  • Understand the relationship between financial theory and empirical testing, and application of this knowledge to the appraisal of the empirical evidence in at least one major theoretical area. 
  • Interpret financial data including that arising in the context of the firm or household from accounting statements and data generated in financial markets. 
  • Use statistical and financial functions and procedures such as those available in spreadsheets and statistical packages.
  • Understand the financial service activity in the economy and the factors influencing the investment behaviour and opportunities of private individuals. 
  • Apply some of the subject-specific skills specified for the common core from a practical business perspective

Transferable skills

You gain transferable skills in the following:

  • A capacity for the critical evaluation of arguments and evidence. 
  • Capacities for independent and self-managed learning.
  • An ability to analyse and draw reasoned conclusions concerning structured and, to a more limited extent, unstructured problems from a given set of data.
  • Numeracy skills, including the ability to manipulate financial and other numerical data. 
  • Communication skills including the ability to present quantitative and qualitative information together with analysis. 
  • Apply some of the transferable skills specified for the common core from a practical business perspective.

Careers

Graduate destinations

Our graduates move into a range of careers within the world of business. Many go on to become chartered, certified or management accountants. The degree can also prepare you for a career in financial services (such as banking, insurance and investment) or in general management.

Help finding a job

Kent Business School has good links with businesses globally. This network is very useful when looking for work in industry.

Our friendly Careers and Employability Service can also give you advice on how to:

  • apply for jobs
  • write a good CV
  • perform well in interviews.

Career-enhancing skills

You graduate with an excellent grounding in the main concepts and practical methods of finance and investment.

To help you appeal to employers, you also learn transferable skills that are useful in any career. These include the ability to:

  • think critically
  • communicate your ideas and opinions
  • manage your time effectively
  • work independently or as part of a team.

You can also gain extra skills by signing up for one of our Kent Extra activities, such as learning a language or volunteering.

Independent rankings

Accounting and Finance at Kent was ranked 18th in the UK for graduate prospects in The Times Good University Guide 2017.

Entry requirements

Home/EU students

The University will consider applications from students offering a wide range of qualifications. Typical requirements are listed below. Students offering alternative qualifications should contact us for further advice. 

It is not possible to offer places to all students who meet this typical offer/minimum requirement.

New GCSE grades

If you’ve taken exams under the new GCSE grading system, please see our conversion table to convert your GCSE grades.

Qualification Typical offer/minimum requirement
A level

ABB

GCSE

Mathematics grade B (or 6) and English grade C (or 4)

Access to HE Diploma

The University will not necessarily make conditional offers to all Access candidates but will continue to assess them on an individual basis. 

If we make you an offer, you will need to obtain/pass the overall Access to Higher Education Diploma and may also be required to obtain a proportion of the total level 3 credits and/or credits in particular subjects at merit grade or above.

BTEC Level 3 Extended Diploma (formerly BTEC National Diploma)

The University will consider applicants holding BTEC National Diploma and Extended National Diploma Qualifications (QCF; NQF; OCR) on a case-by-case basis. Please contact us for further advice on your individual circumstances.

International Baccalaureate

34 points overall or 16 points at HL, including Mathematics 4 at HL or SL (Mathematics Studies 5 at SL)

International students

The University welcomes applications from international students. Our international recruitment team can guide you on entry requirements. See our International Student website for further information about entry requirements for your country.

If you need to increase your level of qualification ready for undergraduate study, we offer a number of International Foundation Programmes.

Meet our staff in your country

For more advice about applying to Kent, you can meet our staff at a range of international events.

English Language Requirements

Please see our English language entry requirements web page.

Please note that if you are required to meet an English language condition, we offer a number of 'pre-sessional' courses in English for Academic Purposes. You attend these courses before starting your degree programme. 

General entry requirements

Please also see our general entry requirements.

Fees

The 2019/20 tuition fees have not yet been set. As a guide only, the 2018/19 annual tuition fees for this programme are:

UK/EU Overseas
Full-time £9250 £15200

For students continuing on this programme, fees will increase year on year by no more than RPI + 3% in each academic year of study except where regulated.* 

Your fee status

The University will assess your fee status as part of the application process. If you are uncertain about your fee status you may wish to seek advice from UKCISA before applying.

General additional costs

Find out more about accommodation and living costs, plus general additional costs that you may pay when studying at Kent.

Funding

University funding

Kent offers generous financial support schemes to assist eligible undergraduate students during their studies. See our funding page for more details. 

Government funding

You may be eligible for government finance to help pay for the costs of studying. See the Government's student finance website.

Scholarships

General scholarships

Scholarships are available for excellence in academic performance, sport and music and are awarded on merit. For further information on the range of awards available and to make an application see our scholarships website.

The Kent Scholarship for Academic Excellence

At Kent we recognise, encourage and reward excellence. We have created the Kent Scholarship for Academic Excellence. 

For 2018/19 entry, the scholarship will be awarded to any applicant who achieves a minimum of AAA over three A levels, or the equivalent qualifications (including BTEC and IB) as specified on our scholarships pages

The scholarship is also extended to those who achieve AAB at A level (or specified equivalents) where one of the subjects is either Mathematics or a Modern Foreign Language. Please review the eligibility criteria.