Accounting and Finance (Industry) BSc Hons - 2022 Entry

UCAS Code
N401

Entry Year
2022 (2021)

A Level Requirements
AAB see all requirements

Duration
Full time 4 Year(s)

Course Overview

Use your love of numbers to gain a sound technical knowledge and understanding of the business world alongside workplace experience at the heart of the field.

Learning from leading academic researchers and experienced practitioners in the field, and taking that knowledge into your placement, this degree offers the perfect blend of theory and practice, taking you to the heart of key questions such as: ‘Why do some companies excel and others go bust?’ and ‘How can profits go up while share prices fall?

We encourage you to pursue your interests, develop your strengths, and move towards your ideal career, offering flexibility and the opportunity to specialise your studies based on your strengths and interests.

Your third-year industrial placement provides you with a positive, practical experience in a graduate role, gaining priceless business skills. You will have the chance to see how well academic theories work in real-life situations, and gain insight into where your talents and interests lie for your future career.

The degree is accredited by globally-recognised accountancy bodies (the Association of Chartered Certified Accountants (ACCA), Institute of Chartered Accountants in England and Wales (ICAEW), Institute of Chartered Accountants of Scotland (ICAS) and Chartered Institute of Management Accountants (CIMA) and CPA Australia). This provides graduates with exemptions from many core professional examinations, depending on your module choices, and means, on graduation, you will be further along the route to qualifying as an accountant than many of your contemporaries. 

In your first year, you study accounting and finance using real-world data from actual companies, and discover more about economic issues such as inflation, costs and pricing.

Second year core subjects include auditing, financial accounting, risk management, corporate finance and management accounting for business decisions. You can also select from courses such as law, management decision making and advanced finance topics.

Our careers team will provide you with expert support and guidance in securing a third-year industry placement. Past students have worked with companies such as Deloitte, Lloyds Bank, PwC and Samsung in roles ranging from finance, auditing and accounting to operations, consulting and risk.

Your final year builds on this knowledge and experience, while offering specialist options such as ethics, investments and taxation. Throughout, you learn from academics whose global perspectives inform government and regulators, and from practitioners with experience of running businesses and working in accounting and finance.

Specialist accounting and finance careers events put you in contact with potential employers, and our expert careers team help you develop practical skills and assets highly-valued in the world of work. Modules prepare you for interviews and assessment centres, build your CV and make you attractive to potential employees, placing you in a strong position to start your future career.

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.

The University will make all reasonable effort to support you in finding a suitable placement for your studies. While a placement role may not be available in a field or organisation directly related to your studies or career aspirations, all roles offer valuable experience of working at graduate level, gaining a range of professional skills.

If you are unsuccessful in securing a suitable placement, you will be able to transfer to the equivalent non-placement degree scheme and would continue with your studies at Lancaster, finishing your degree after your third year. The University offers a range of shorter placement and internship opportunities for which you would be welcome to apply.

Entry Requirements

Grade Requirements

A Level AAB

GCSE Mathematics grade B or 6, English Language grade C or 4

IELTS 6.5 overall with at least 5.5 in each component. For other English language qualifications we accept, please see our English language requirements webpages.

Other Qualifications

International Baccalaureate 35 points overall with 16 points from the best 3 Higher Level subjects

BTEC Distinction, Distinction, Distinction

We welcome applications from students with a range of alternative UK and international qualifications, including combinations of qualification. Further guidance on admission to the University, including other qualifications that we accept, frequently asked questions and information on applying, can be found on our general admissions webpages.

Contact Admissions Team + 44 (0) 1524 592028 or via ugadmissions@lancaster.ac.uk

Course Structure

Lancaster University offers a range of programmes, some of which follow a structured study programme, and others which offer the chance for you to devise a more flexible programme to complement your main specialism. We divide academic study into two sections - Part 1 (Year 1) and Part 2 (Year 2, 3 and sometimes 4). For most programmes Part 1 requires you to study 120 credits spread over at least three modules which, depending upon your programme, will be drawn from one, two or three different academic subjects. A higher degree of specialisation then develops in subsequent years. For more information about our teaching methods at Lancaster please visit our Teaching and Learning section.

The following courses do not offer modules outside of the subject area due to the structured nature of the programmes: Architecture, Law, Physics, Engineering, Medicine, Sports and Exercise Science, Biochemistry, Biology, Biomedicine and Biomedical Science.

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.

Year1

    Core

Year2

    Core

    Optional

Year3

    Core

Year4

    Core

    Optional

Careers

Careers

All our Accounting and Finance degrees prepare you for a wide variety of careers in business, with many of our graduates working with professional firms and financial institutions, as well as large commercial and local government organisations. Roles include trainee accountants, finance managers and banking advisors.

Your degree will also equip you with highly desirable transferable skills which have helped recent graduates find work in the fields of financial customer service, IT support and marketing and communications. Several graduates have also continued their academic studies and embarked on Masters Degrees. 

Lancaster University is dedicated to ensuring you not only gain a highly reputable degree, but that you also graduate with relevant life and work based skills. We are unique in that every student is eligible to participate in The Lancaster Award which offers you the opportunity to complete key activities such as work experience, employability/career development, campus community and social development. Visit our Employability section for full details.

Lancaster Management School has an award winning careers team to provide a dedicated careers and placement service offering a range of innovative services for management school students. Our high reputation means we attract a wide range of leading global employers to campus offering you the opportunity to interact with graduate recruiters from day 1 of your degree.

Fees and Funding

Fees

We set our fees on an annual basis and the 2022/23 entry fees have not yet been set.

As a guide, our fees in 2021 were:

UK International
£9,250 £21,900

Applicants from the Channel Islands and the Isle of Man

Some science and medicine courses have higher fees for students from the Channel Islands and the Isle of Man. You can find more information about this on our Island Fees page.

Additional course costs and information

There may be extra costs related to your course for items such as books, stationery, printing, photocopying, binding and general subsistence on trips and visits. Following graduation, you may need to pay a subscription to a professional body for some chosen careers.

Specific additional costs for studying at Lancaster are listed below.

College Fees

Lancaster is proud to be one of only a handful of UK universities to have a collegiate system. We have nine colleges in total, and every student belongs to a college, whether you live on campus or choose to commute. All students pay a small college membership fee, which supports the running of college events and activities. Once you have been accepted into a college, you will receive confirmation and be required to pay a college membership fee.

For students starting in 2020, the fee is £40 for undergraduates and research students and £15 for students on one-year courses. Fees for students starting in 2021 have not yet been set.

Computer Equipment and Internet access

To support your studies, you will also require access to a computer, along with reliable internet access. You will be able to access a range of software and services from a Windows, Mac, Chromebook or Linux device. For certain degree programmes, you may need a specific device, or we may provide you with a laptop and appropriate software - details of which will be available on relevant programme pages. A dedicated IT support helpdesk is available in the event of any problems.

The University provides limited financial support to assist students who do not have the required IT equipment or Broadband support in place.

Funding

For full details of the University's financial support packages including eligibility criteria, please visit our fees and funding page

Students also need to consider further costs which may include books, stationery, printing, photocopying, binding and general subsistence on trips and visits. Following graduation it may be necessary to take out subscriptions to professional bodies and to buy business attire for job interviews. 

ICAS Foundation Bursary

The ICAS Foundation is pleased to offer a bursary award to potential undergraduates who wish to study this programme at LUMS. Our bursary scheme aims to support students from family backgrounds that have limited resources, who wish to attend Lancaster University but may not have the means to do so without additional financial support. The ICAS Foundation will consider making an additional award to those who are eligible for the Lancaster £1,000 Bursary.

Read More
ICAS logo

Contact hours

The amount of time you spend in lectures, seminars and other learning activities will differ from year to year and vary depending on the module options you choose. These figures are averages from the most recently available data for this course, the academic year 2018-2019, and are based on 1,200 study hours per year. The figures apply to single honours degrees. Joint honours degrees will vary from the percentages below depending on the combinations studied.

Year 1

  • 26%

    Scheduled contact hours

  • 74%

    Independent study

Year 2

  • 25%

    Scheduled contact hours

  • 75%

    Independent study

Year 3

  • 100%

    Placement or Study Abroad

Year 4

  • 24%

    Scheduled contact hours

  • 76%

    Independent study

Assessment

Most of our degrees use a broad range of assessments methods. These figures are averages based on the most recently collected data for this course, and are given as a guide.

Year 1

  • 52%

    Coursework

  • 48%

    Written exams

Year 2

  • 23%

    Coursework

  • 77%

    Written exams

Year 3

  • 100%

    Coursework

Year 4

  • 25%

    Coursework

  • 75%

    Written exams

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Important Information

The information on this site relates primarily to 2022/2023 entry to the University and every effort has been taken to ensure the information is correct at the time of publication. The University will use all reasonable effort to deliver the courses as described, but the University reserves the right to make changes to advertised courses.

In the event of a course being withdrawn or if there are any fundamental changes to your course, we will give you reasonable notice and you will be entitled to withdraw your application. You are advised to revisit our website for up-to-date information before you submit your application. Further legal information.

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