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BA (Hons) Business Finance and Accounting

 

Overview

Accounting and finance expertise is vital to every business and organization; there will always be a great demand for accounting and finance specialists. However, real excellence in this field comes from the ability to interpret and communicate the insights that can be derived from the numbers. This requires a broader understanding of strategy, governance and ethics, alongside the soft skills that allow you to present, persuade and advocate for your ideas and plans.

We introduced this programme in 2014 to offer you the chance to develop the hard skills to be an accounting and finance specialist, while broadening your understanding of business and building the communication skills needed to become excellent in your profession.

The first two years can be studied full-time or part-time. For more flexible options students can study this programme in a blended format, which combines tutoring, some weekend study, self and distance learning classes. The final year is organized entirely around evening and weekend classes to allow for flexibility for both full-time students and part-time working students.

This undergraduate programme includes two great qualifications, an HND Business (Finance) at the end of the second year and a Business Finance and Accounting Bachelor’s degree at the end of the third year.

Opportunity & Inspiration

  • A highly practical approach to teaching brings you into direct contact with many companies and business leaders.
  • Confidence-building through projects and real-life business contexts.
  • Outstanding lecturers and professional guest lecturers bring their experience and influence directly into the classroom.
  • A solid theoretical and highly practical approach to teaching provides the best of both academic know-how and real-life experience.
  • Applicants with previous university education in business, finance or accounting may apply for entry directly into the second or third year.

Career Success

This degree is the first step into a wide range of finance and accounting career opportunities around the world, including positions in large international organisations, the public sector, as well as family businesses and SMEs. Some students use an applied accounting and business finance degree to launch new businesses and entrepreneurial careers.

 

What you study

Our dedication to practical and experiential learning is underpinned by activities that include practical projects, fieldwork, live projects, internships, business simulations, global and local case studies, ongoing contact with industry and relevant research-based teaching.

YEAR ONE (HND)

  • Study and Communication Skills
    • This module is aimed at Business and Computing students to prepare them for studying at a British Higher Education establishment and to succeed in their courses. Students will learn about the HND education system, and how to research, prepare and present effectively in both written and oral formats.
  • Marketing Principles
    • This module aims to provide students with understanding and skills relating to the fundamental concepts and principles that underpin the marketing process. The module looks at the definitions of marketing, and what is meant by a marketing orientation and the marketing process. Students consider the use of environmental analysis in marketing and carry out their own analyses at both macro and micro levels. They will also investigate the importance of market segmentation and how this leads to the identification and full specification of target groups. Students then consider buyer behaviour and positioning.The module looks at the main elements of both the original and the extended marketing mix. Students will develop their own marketing mixes to meet the needs of different target groups.
  • Business Environment
    • The aim of this module is to provide students with an understanding of different organizations, the influence of stakeholders and the relationship between businesses and the local, national and global environments. Businesses operate in an environment shaped by the government, competitors, consumers, suppliers, and international factors. Students will understand that some influences on the business environment are direct and clear, for example taxation policies on corporate activities. Other influences are less clear, perhaps coming from the international arena and sometimes with only an oblique impact on the national business environment.
  • Organisations & Behaviour
    • The aim of this module is to give students an understanding of individual and group behaviour in organizations and to examine current theories and their application in managing behaviour in the workplace. This module focuses on the behaviour of individuals and groups within organizations. The way in which an organization structures and organizes its workforce will impact on the culture that develops within the organization. This system of shared values and beliefs will determine and shape the accepted patterns of behaviour of an organizations workforce. This module will develop learner understanding of the behaviour of people within organizations and of the significance that organizational design has on shaping that behaviour.
  • Managing Financial Resources & Decisions
    • The module provides students with an understanding of where and how to access sources of finance for a business, and the skills to use financial information for decision making. Students will learn how to evaluate these different sources and compare how they are used. They will learn how financial information is recorded and how to use this information to make decisions for example in planning and budgeting. Decisions relating to pricing and investment appraisal are also considered within the module. Finally, students will learn and apply techniques used to evaluate financial performance.
  • Business Decision Making
    • The aim of this module is to give students the opportunity to develop techniques for data gathering and storage, an understanding of the tools available to create and present useful information, in order to make business decisions. This module gives students the opportunity to examine a variety of sources and develop techniques in relation to four aspects of information: data gathering, data storage, and the tools available to create and present useful information.
  • Working with & Leading People
    • The aim of this module is to develop the skills and knowledge needed for working with and leading others, through understanding the importance of recruiting the right people for the job. This module aims to develop learner knowledge and understanding of the impact of the regulatory framework on the recruitment process. In this module students will have the opportunity to develop their own leadership skills as well as building on the skills and knowledge needed to manage and lead people and teams in an organization. Students will explore ways to manage teams and individuals as well as motivating staff to perform better whilst meeting the aims of the organization.
  • Personal & Professional Development
    • This module aims to help the learner become an effective and confident self-directed employee. This helps the learner become confident in managing own personal and professional skills to achieve personal and career goals. The module aims to develop students’ ability to organize, manage and practise a range of approaches to improve their performance as self-directed students in preparation for work or further career development. The module emphasizes the needs of the individual but within the context of how the development of self-management corresponds with effective team management in meeting objectives.
  • Business Ethics
    • The aim of this module is to introduce students to the concept of business ethics and to examine its relevance when considering business objectives and responsibilities. In this module students will examine the theoretical roots to the background and growth of business ethics. They will look at the different types of ethical issues a business needs to consider and how the development of ethical values impacts on business behaviour. Students will also examine how an individual’s ethical stance impacts on the moral relationship between employer and employee, as well as considering the contractual responsibilities of both parties. This module will give students the opportunity to research how a business responds to ethical concerns and assess the extent to which its activities affect its behaviour, whilst ensuring business objectives are met.

YEAR TWO (HND)

  • Aspects of Contracts & Negligence for Business
    • The aim of this module is to provide students with an understanding of aspects of the law of contract and tort and the skill to apply them, particularly in business situations. The module introduces the law of contract, with a particular emphasis on the formation and operation of business contracts. Students are encouraged to explore the content of these agreements and then develop skills relating to the practical application of business contracts, including offer, acceptance, intention, consideration and capacity. Relevant case law examples will be covered.
  • Financial Accounting & Reporting
    • In this module students will prepare financial statements for different types of business, complying with relevant legal and regulatory provisions and the basic principles of group accounts. Students will also develop tools for the interpretation of financial statements. Students will use records to complete financial statements. They will consider various categories of business income and expenditure and use cash flow forecasts, monitoring and adjusting for the effective management of cash flow. They will measure financial performance using a profit and loss account and balance sheet and analyse the profitability, liquidity and efficiency of a business through the application of ratio analysis.
  • Business Strategy
    • The aim of this module is to give students the knowledge and understanding of how a business unit can strategically organize and plan for likely future outcomes in order to be successful. Students will be introduced to further analysis tools needed for the process of strategic planning. They will be able to explain the significance of stakeholder analysis and carry out an environmental and organizational audit of a given organization. Students will learn how to apply strategic positioning techniques to the analysis of a given organization and prepare a strategic plan based on previous analysis. They will also learn how to evaluate possible alternative strategies (such as substantive growth, limited growth or retrenchment) and then select an appropriate future strategy for a given organization. Finally, students will compare the roles and responsibilities for strategy implementation and evaluate resource requirements for the implementation of a new strategy for a given organization. Students will then be able to propose targets and timescales for implementation and monitoring of the strategy in a given organization.
  • Research Project
    • The purpose of the project is to develop students’ skills of independent enquiry and critical analysis by undertaking a sustained research investigation of direct relevance to their Higher Education programme and professional development. To complete the module satisfactorily, students must also understand the theory that underpins formal research. The module draws together a range of other areas from within the programme to form a holistic piece of work that will make a positive contribution to the learner’s area of interest. Students should seek approval from their tutors before starting their research project.
  • Management Accounting: Costing & Budgeting
    • The aim of this module is to provide students with the understanding and ability to use cost information for budgeting and forecasting purposes in the management of business. This module looks at the cost information, both current and future, of businesses. It looks at how cost data is collected, compiled and analysed, and processed into information that is useful for business managers. The module then deals with budgetary planning and control. The module considers different costing and budgetary systems and the causes of resulting variances, together with the possible implications and the corrective action the business will need to take.
  • Human Resource Development
    • This module will develop the skills and understanding needed for planning and designing training and development, through understanding how people learn and the suitability of different training methods and initiatives. Students need to appreciate that successful organizations recognize that their training programmes need to be planned and managed. Students will examine how to identify training needs across the organization, as well as understand how government-led vocational and general training initiatives contribute to the emphasis on lifelong learning and continuous development.
  • Business Economics
    • Economics is the study of how society responds to the basic problem of scarcity of resources, from both an individual and societal approach. It also helps to explain and address a wide range of economic phenomena such as a financial crisis. This unit will explore market equilibrium as well as compare the behaviour of individual firms which operate within the four main market structures; perfect competition, monopolistic competition, oligopoly as well as perfect and statutory monopolies. It will also examine domestic and transnational macroeconomic policies which governments pursue, including the effects of fiscal and monetary policy, and the theory behind comparative advantage and international trade.
  • Taxation
    • During the delivery of this module students will understand the need for taxation and may already be familiar with the calculation and collection of income tax through the Pay as You Earn system applied to employees. The unit introduces learners to the UK tax environment and explores the administration and collection of taxation in the UK and the duties of the tax practitioner. It provides learners the skills needed to understand and compute the calculation of income tax for both individuals and businesses Learners will then consider the liability for and computation of corporation tax and capital gains tax.

YEAR THREE

  • Advanced Financial Accounting
    • This module builds upon second level of financial accounting module and records and reports more complicated events and develops knowledge and understanding by analysing and interpreting financial information. It covers the use of techniques to analyse financial risk and performance. The development of accounting standards and external reporting is also discussed.
  • Ethics, Governance & Accountability
    • This module examines the role of ethics, corporate governance, and risk management in the context of business management. Ethics theories will be explored and a theoretical framework will be applied to deal with ethical problems. Corporate governance functions and mechanisms will be evaluated and the role of the accountant will be examined in identifying, assessing, controlling and mitigating risk.
  • International Finance
    • This module examines the financial sector of an economy and introduces students to the principal concepts used in the analysis of financial markets and the operation of financial and monetary policy. It covers three main areas: the operation and development of financial markets and institutions; policy towards financial markets, including regulation, the role of central banks and the operation of monetary and exchange rate policy; and finally the derivatives markets and the management of risks.
  • Business Research Methods
  • Undergraduate Business Project
    • The module, worth 40 credits, comprises a learner-managed business project, the topic area of which will be associated with the learner’s programme area of study. The project will provide the learner with an opportunity to demonstrate their capability to undertake an individual piece of research within a business context. The project may be an investigation of a relevant issue of academic interest, an investigation of a practical business issue, or a live problem-solving project.

 

Entry requirements

1. High school or previous college education, which could be one of the following:

  • a Czech high school diploma (maturita)
  • two A-level passes or LCCIEB equivalent
  • a Prague College Diploma
  • equivalent education from other countries, assessed individually

Students with experience or equivalent education in some subjects of the programme may be granted advance credit towards the HND after completing the required Assessment of Prior Learning or Experience documentation.

2. Proof of English level upon entry, which could be one of the following:

  • ELSA score of at least 380, administered at Prague College or elsewhere in the world
  • TOEFL iBT score of at least 79, IELTS score – 6.0 or FCE (A)

If you need to improve your language skills, you can take one of our access programmes.

3. A letter of motivation (300 words) that identifies why you want to study at Prague College and in this particular programme.

4. Final interview – a formal discussion with the applicant and final confirmation of the application process.

 

Tuition & Payment

Please click here for the latest tuition fees

 

The Prague College academic year has two semesters starting late September and mid-February. An intensive summer semester runs in June.

Prague College Scholarships

All applicants are eligible to apply for scholarships which may be awarded in consideration of academic excellence, social engagement in school activities or generally in society, financial need and special circumstances. We also have a special fund to support students coming from Czech-language and Slovak-language secondary schools and universities

Successful scholarship winners can have from 5% up to 30% of their tuition covered for either a single academic year or the duration of the programme.

Apply early. The number of scholarships is limited. Ask us for details!

Financing

Czech students are eligible for Gaudeamus student loans from Komercni Banka. Some students from other countries have received funding from their home countries to study at Prague College, and if you think you may be eligible for funding from your home country do not hesitate to ask for our advice and support.

When to pay

A deposit on tuition ensures new students a place on the programme. Full tuition for the first semester is due two weeks before starting the programme, except in the case of late registrations.

International students pay the first semester, relevant registration fees and the first semester rent for accommodation before starting the visa application process.

Continuing students pay the next semester tuition two weeks before the end of the current semester.

Early payment discounts 

You can save up to 8% if you pay the academic year in advance. The discount is calculated as 1% per month for each month the individual semester payments are paid early.

New students do not receive a discount on their first semester, but if they choose to pay the first year up front, then they would receive the discount for the second semester.

Payment plans

Students who have finished the first semester, and who make all their payments by the due date, can apply for a payment plan for an administrative fee of 700 Czk per semester plus 1% surcharge for each installment.

Contact us now if you have any question regarding tuition deadlines, early payment discounts or your eligibility for a payment plan.

acca-3.jpgAs of 2016 Students are able to register with the ACCA while completing their BA in Business Finance & Accounting, get 5 exemptions from The ACCA Foundation Exam papers and get generous financial benefits during their first year of ACCA membership.

 

Faculty


Teaching Faculty

  • Bruce Gahir

    Bruce Gahir

    Associate Head of School of Business / Programme Leader

  • Stefano Cavagnetto

    Stefano Cavagnetto

    Head of the School of Business

  • Sherrihan Radi

    Sherrihan Radi

    Principal Lecturer

  • Larry Koch

    Larry Koch

    Associate Lecturer

  • Thomas Draper

    Thomas Draper

    Associate Lecturer

  • Dave Gannon

    Dave Gannon

    Associate Head of School of Business

  • Joel Imhoof

    Joel Imhoof

    Principal Lecturer

  • Veronika Douchova

    Veronika Douchova

    Head of School of IT & Computing

  • Tuck MacRae

    Tuck MacRae

    Associate Lecturer

  • Tamara Ayrepetova

    Tamara Ayrepetova

    Associate Lecturer

  • Marie Silondi

    Marie Silondi

    Associate Lecturer

  • Arshad Hayat

    Arshad Hayat

    Associate Lecturer

  • Gillian Pritchett

    Gillian Pritchett

    Associate Lecturer

  • Alena Foustkova

    Alena Foustkova

    Associate Lecturer

  • Sylvia Vondrackova

    Sylvia Vondrackova

    Associate Lecturer

  • Anna Boguszakova

    Anna Boguszakova

    Associate Lecturer