Heriot-Watt Management Programme Programme Handbook School of Management and Languages

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Heriot-Watt Management Programme

Programme Handbook

2009 - 2010

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Heriot-Watt Management Programme

School of Management and Languages

Programme Handbook 2009-2010

PAGE NO.

PART A – SCHOOL INFORMATION

SUMMARY OF KEY INFORMATION ... 3

1 WELCOME AND INTRODUCTION... 4

2 GENERAL INFORMATION ABOUT THE UNIVERSITY, SCHOOL AND MANAGEMENT PROGRAMME ... 6

3 OVERVIEW OF THE MANAGEMENT PROGRAMME ... 8

4 STRUCTURE AND MODULES OF THE MANAGEMENT PROGRAMME ... 10

5 EXAMINATIONS, TRANSFERRING ON ON-CAMPUS AND WITHDRAWING FROM THE PROGRAMME ... 44

PART B – UNIVERSITY INFORMATION

1 ACADEMIC SUPPORT ... 62

2 ENROLMENT, ATTENDANCE AND PERIODS OF STUDY ... 63

3 GUIDANCE ON ASSESSMENT ... 65

4 EXAMINATION AND RE-ASSESSMENT PROCEDURES ... 66

5 AWARDS, GRADING AND QUALIFICATIONS ... 70

6 GRADUATION ... 71

7 CONDUCT, DISCIPLINE AND APPEALS... 71

8 DEFERRED PROGRESSION, SUSPENSION AND WITHDRAWAL... 73

9 STUDENT FEES AND CHARGES ... 75

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PART A – SCHOOL INFORMATION

SUMMARY OF KEY INFORMATION

Contacts at Heriot-Watt University

The Principal and Vice-Chancellor is the head of the University and are supported by academic and administrative staff.

Mr Marc A Quinn is the Director of External Programmes, School of Management and Languages (SML) and his remit includes the Heriot-Watt Management Programme. Marc is supported by academic and administrative staff located at Heriot-Watt University, Edinburgh and by the School of Management and Languages’ External Programmes Team.

Key Contacts for Heriot-Watt Management Programme

Director of External Programmes Mr Marc A Quinn Tel: +44 (0) 131 451 3736 E-mail: [email protected] Examinations Co-ordinator Ms Karly McClure Tel: +44 (0) 131 451 8137 E-mail: [email protected] Heriot-Watt Management Programme

External Programmes

School of Management and Languages Heriot-Watt University Edinburgh Scotland, UK EH14 4AS Tel: +44 (0) 131 451 3864 Fax: +44 (0) 131 451 3865 E-mail: [email protected] www.sml.hw.ac.uk/external

Heriot-Watt Management Programme Web-Support Site

E-mail: [email protected]

SIGNIFICANT DATES IN ACADEMIC YEAR

The Heriot-Watt Management Programme operates on a bi-annual examination diet system. For each of the two examination diets (June and December), the key dates are as follows.

IMPORTANT DATES DIET Examination Dates* Examination Registration Deadline Examination Deferral Deadline Examination Results Released June 1st full week

of June 1st March 1st May 31st July December 1st full week

of December 1st September 1st November 31st January

* The days in which the modules are assessed are available from your Approved Learning Partner. LINKS TO FURTHER INFORMATION/

- Heriot-Watt University

Please see the www.hw.ac.uk web-site which contains information about Heriot-Watt University. - School of Management and Languages

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1 Welcome and Introduction

The term ‘Flexible, Distributed and Independent Learning’ is used to refer to educational provision leading to an award of Heriot-Watt University as the awarding institution, but delivered, supported or assessed through means which do not require the student to attend on-campus. This includes distributed learning delivered through an Approved Learning Partner, individual distance learning in which there may be little direct contact with staff and students on campus, and e-learning supported and, where relevant, assessed via the internet. Students may study using a mixture of on-and off-campus mechanisms.

Students in receipt of this handbook are studying through an Approved Learning Partner (an organisation/institution with which Heriot-Watt University has entered into agreement and which is charged with delivery of and learner support for a Heriot-Watt University course of study to students) and should contact the Approved Learning Partner in the first instance for any academic query or assistance.

The Heriot-Watt Management Programme is a supported flexible and distributed learning undergraduate degree programme in mainstream business and management subjects. Students can take one of five undergraduate degrees, each equivalent to the same degrees awarded at Heriot-Watt University in Edinburgh, Scotland (UK).

1.1 Welcome to Heriot-Watt University from the Principal I am delighted to welcome you as a student of Heriot-Watt University.

Heriot-Watt University has a well earned reputation as Scotland's most international and outward-looking University. With three campuses in Scotland (attended by a high percentage of students from across the world), our Campus in Dubai, and Learning Partner institutions across the world, we have a vibrant and diverse learning culture which is unique and unmatched by other universities in the United Kingdom. We are keen to give our students the opportunity to develop an international dimension to their studies which will enhance their opportunities for future growth.

You are an important part of this global community and I very much hope you enjoy your time with us. Professor Steve Chapman

Principal and Vice-Chancellor

1.2 Welcome from Head of School

Welcome to the School of Management and Languages. The School is committed to providing its students with the education and personal development skills required by today’s graduate employers. We take pride in the achievements of both our past and present students and the role the School has played in their success.

Your academic performance is directly related to the amount of effort you put into learning and studying. The more you put in, the more you will get out. This “student-centred” approach to learning places responsibility for how well you do into your own hands.

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1.3 Welcome from the Director of External Programmes

Welcome to the Heriot-Watt Management Programme at Heriot-Watt University.

The academic year 2009/10 marks the 10th year since the School of Management and Languages launched the Heriot-Watt Management Programme internationally via flexible and distributed learning. Over the last 10 years, we have seen over 1,000 graduates, and the student numbers continue to increase on an annual basis. The School has also developed and strengthened its institutional relationships with Approved Learning Partners through the world, and the HWMP continues to enhance its international reputation of providing high quality graduating students to the business community, in a wide range of fields and developing their careers with a variety of professional bodies.

We are justifiably proud of all our graduates who have found the Heriot-Watt Management Programme to be challenging, but worthwhile and rewarding, and relevant to their chosen profession. The effort that students put into their studies prepares them well for finding new (or boosting existing) careers in the business world, gaining relevant knowledge and being able to apply their skills learned to expand their prospects in a competitive market place.

Our aim is to provide you with a flexible environment, and an interesting and enjoyable approach, to learning the technical and analytical skills of a range of complex and challenging subjects. The study materials you will be using have been developed by key academics who have taught the same subjects here at Heriot-Watt University. The degree to which you will study in your home country (either via an Approved Learning Partner or as an independent learner) is of the same academic standard and equivalence as studying here in Edinburgh, Scotland. Our examinations are rigorous, but students who pass leave with the knowledge that they have gained a rich and rewarding learning experience which stands them ahead of others in boosting their career prospects.

I hope you see the Heriot-Watt Management Programme as a means of fulfilling your personal goals and objectives; and we hope that you will keep in touch with us – not just during your studies, but once you have graduated – and find the following period of study as one which you will look back fondly as having achieved a high quality degree, from a top international University.

Marc A Quinn

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2 General Information about the University, School and Management Programme

2.1 Heriot-Watt University

Heriot-Watt University has four campuses, a parent campus in Edinburgh, the capital of Scotland in the UK, two campuses in the north and south of Scotland, and a Campus in Dubai, as well as a number of overseas centres running University programmes. Heriot-Watt University’s mission is to provide students with the opportunity to study courses which will enable them to contribute immediately to the economy and wellbeing of the region in which they choose to work. This ethos of “doing things that matter” stretches right back to the origins of Heriot-Watt in 1821, when courses were run to suit the needs of developing industries in Scotland.

2.2 School of Management and Languages

The School of Management and Languages has over 2,000 full-time undergraduate students studying at our Edinburgh, Scottish Borders and Dubai Campuses. In addition, there are over 2,000 undergraduate students studying their degrees through Approved Learning Partners worldwide on the Heriot-Watt Management Programme. The School offers a diverse portfolio of degree programmes across a broad range of subjects in Accounting and Finance, Economics, Languages and Management. The flexibility of our undergraduate courses reflects the importance we place upon student choice.

2.3 Heriot-Watt Management Programme

The Heriot-Watt Management Programme (hereafter the Management Programme) is a highly flexible programme. Students can prepare for their examinations using a combination of specially written material, web support and tutor assistance.

Heriot-Watt University staff set and marks the examinations. The examinations are subject to the same independent quality checks required of the whole University. Both the content and the standard of the various subjects (known as modules) are equivalent with those available on-campus.

Students can take up to ten years to complete their degree. This means that students can adapt their study pattern to fit in with their work and family commitments. The study pattern available also means that the course needs only be paid for on a ‘pay as you go' basis. There is no compulsory period of study in the United Kingdom (UK) although it is possible to transfer to a full-time on-campus mode of study after they have completed a particular stage of the course. After completing Stage 3, for example, students can apply to transfer to a full-time one year MA (Honours) degree course available on-campus in Edinburgh. More details about transferring to full-time studies in the UK may be found in Section 5.11.

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2.4 Approved Learning Partners

Approved Learning Partners (ALPs) are educational institutions established in various countries around the world.

The main task of the ALP is to provide the necessary face-face teaching to complement the written course materials and ensure that their students are adequately prepared to sit the examinations successfully. Additionally, the ALPs must also provide adequate learning facilities such as tutorial rooms, study areas, library and computing access, to a level approved by Heriot-Watt University. ALPs are responsible for ensuring that students have a supported learning experience through access to tutorial support, representation, counselling and advice.

As ALPs are in direct contact with students, it is expected that students use their ALP to deal with all first level enquiries. However, the External Programmes team aims to support ALPs as much as possible and will assist with queries as requested. Students can also contact the External Programmes team using the general email address: [email protected]

2.5 Communication

It is essential that the Management Programme and the University are kept informed of any changes to student’s personal details and it is the responsibility of the student to notify the Management Programme.

2.5.1 Contact Details

Students should submit a completed Change of Details form, in order to inform the Management Programme of any change to their address or contact details. This form is available from their ALP or via the Management Programme Web-Support Site.

2.5.2 Heriot-Watt Management Programme Web-Support Site

The Management Programme Web-Support Site provides access to various administrative forms as well as four diets of past examination papers and examiner reports. There are also discussion boards for students to post both module specific questions and general administrative questions.

The site can be accessed via the ‘Current Students - HWMP Resources’ link at

www.sml.hw.ac.uk/external and access for students is via a username and password which will be

provided to students within their matriculation pack.

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3 Overview of the Management Programme

3.1 Degree Pathways Available

The Heriot-Watt Management Programme (hereafter the Management Programme) is made up the following degrees:

• Bachelor of Business Administration (BBA) • Bachelor of Arts (BA) in Accounting

• Bachelor of Arts (BA) in Accountancy and Finance • Bachelor of Arts (BA) in Business and Finance • Bachelor of Arts (BA) in Management

When students have obtained their degree they are entitled to insert the appropriate letters after their name, i.e. either BBA or BA.

Students are advised to choose a degree pathway that contains modules that are of the greatest interest to them. Experience suggests that students are more likely to do well in their examinations if they are really interested in a subject. Study materials for the Management Programme are packaged as either synoptically-linked modules (i.e. two modules in a particular subject area linked together for assessment purposes) or stand-alone modules, as appropriate. Within each module there are specific learning outcomes for the subject material covered in the syllabus. Students intending to complete one of the degree pathways should endeavour to complete the eight mandatory linked modules at Stage One (Certificate Level) before commencing the synoptically-linked modules at Stage 2 (Diploma Level). Students should then complete synoptically-synoptically-linked modules at Stage 2, appropriate to their chosen degree pathway, before commencing the required synoptically-linked or stand-alone modules at Stage 3 (Degree Level).

The degree pathways are explained in detail below. It is possible to transfer to a different degree pathway, subject to the synoptically-linked/stand-alone modules already taken and any exemptions awarded. Students are required to complete a Degree Transfer form (as discussed in Section 4.4).

3.2 Approaches to Teaching and Learning

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3.3 Assessment Policies

The assessment policy for the Management Programme is through a formal examination only (i.e. there is no assessed coursework element).

Synoptically-linked modules (i.e. Introduction to Management 1/Introduction to Management 2) have a three-hour examination to cover both modules and stand-alone modules (i.e. Employment Law) have a two-hour examination.

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4 Structure and Modules of the Management Programme

4.1 Programme Structure 4.1.1 Semesterisation

The following programme, course and module structures are the new structures introduced for 2009/2010. The new structures are now aligned with the on-campus programmes structures following semesterisation in the same academic areas and align the Heriot-Watt Management Programme (hereafter the Management Programme) and the on-campus together in offering high quality business degrees from Heriot-Watt University.

All students should refer on a regular basis to the Management Programme Web-Support Site (accessed via the Student Resources web-site at http://www.sml.hw.ac.uk/external)) for further information about structure and any changes introduced.

For new students, you will be matriculated onto the new degree structures as presented below and do not need to concern yourselves with previous arrangements and modules.

Heriot-Watt University reserves the right to update materials from time to time and will ensure that advance notification concerning changes to materials is provided to students on the relevant section of the Management Programme Web-support Site (see Section 2.5.2). It is the responsibility of students to check the web-site, particularly if they are returning to studies after a period during which their studies have been in abeyance.

4.1.2 Stages, Modules and Credits

The Management Programme is divided into three stages: Stage 1, Stage 2 and Stage 3. These are equivalent to the three years of on-campus full-time study. However, unlike on-campus, students can take more than one year to study for each stage provided that they complete their degree within a ten year period. Each stage contains a number of modules.

Currently, all modules in Stages 1 and 2 are ‘synoptically-linked modules’. Synoptically-linked modules are two modules in a particular subject area which are studied and assessed together by a single 3-hour written examination. Stage 3 contains a combination of synoptically-linked modulesand stand-alone modules. Stand-alone modules are assessed by a single 2-hour written examination. Each module is worth 15 Scottish Credit Qualification Framework (SCQF) credits, with synoptically-linked modules having a combined total of 30 SCQF credits.

Stage 1 contains eight synoptically-linked modules and they are all mandatory for all degree pathways; Stage 2 contains twelve synoptically-linked modules, of which two (Quantitative Methods 1/Quantitative Methods 2) are mandatory and Stage 3 has twelve synoptically-linked modules and six stand-alone modules.

Therefore, there is some choice available to students at Stage 2 and Stage 3, subject to the specific structure requirements of the student’s chosen degree pathway.

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4.1.3 The Management Programme Modular Structure

Module 1 Module 2

Introduction to Accounting 1 Introduction to Accounting 2 Introduction to Economics 1 Introduction to Economics 2 Introduction to Banking and Financial Services Introduction to Finance 1

Stage 1 (SCQ

F

level 7)

Introduction to Management 1 Introduction to Management 2

Commercial Law 1 Commercial Law 2

Finance Theory and Markets 1 Finance Theory and Markets 2 Financial Accounting Management Accounting Introduction to Marketing 1 Introduction to Marketing 2 Organisational Behaviour Human Resource Management

Stage 2

(SCQ

F level 8)

Quantitative Methods 1 Quantitative Methods 1

Auditing Contemporary Issues in Financial Accounting Corporate Finance 1 Corporate Finance 2

Operations Management1 Operations Management 2 Securities Markets 1 Securities Markets 2

Strategic Management International Strategic Management Consumer Behaviour *

Employment Law *

International Financial Markets *

Management Accounting Techniques and Decisions * Project Management *

Stage 3

(SCQ

F level 9)

Taxation *

* Stand-alone module worth 15 credits

4.1.4 Pre-requisites

Students will find that as they progress through Stages 2 and 3 there is a progressive development of key concepts and ideas in the various subject areas contained within the syllabus of each module. In some modules it is considered necessary that they have demonstrated a sound grasp of the underlying principles before progressing to the next stage of a particular subject area. In such cases, the module containing the necessary underlying or related principles and concepts is specified as a ‘pre-requisite’.

For example:

If students are planning to take the Stage 2 Financial Accounting/Management Accounting synoptically-linked modules then they must have passed at Grade D or above, or be exempt from, the Stage 1 Introduction to Accounting 1/Introduction to Accounting 2 synoptically-linked modules before they will be permitted to apply for the Stage 2 Financial Accounting/Management Accounting synoptically-linked examination.

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The tables below show the various pre-requisites, where applicable, for Stage 2 and 3 modules:

Stage 2: Pre-requisites

Module(s) Pre-requisite Module(s)

Commercial Law 1

Commercial Law 2 None

Finance Theory and Markets 1

Finance Theory and Markets 2 Stage 1:

Introduction to Banking and Financial Services Introduction to Finance 1

Financial Accounting

Management Accounting Stage 1:

Introduction to Accounting 1 Introduction to Accounting 2 Organisational Behaviour

Human Resource Management None Introduction to Marketing 1

Introduction to Marketing 2 None Quantitative Methods 1

Quantitative Methods 2 None

Stage 3: Pre-requisites

Module(s) Pre-requisite Module(s)

Auditing

Contemporary Issues in Financial Accounting

Stage 2: Financial Accounting Management Accounting Corporate Finance 1

Corporate Finance 2 Stage 2:

Finance Theory and Markets 1 Finance Theory and Markets 2 Operations Management 1

Operations Management 2 None Strategic Management

International Strategic Management Stage 1:

Introduction to Management 1 Introduction to Management 2 Securities Markets 1

Securities Markets 2 Stage 2:

Finance Theory and Markets 1 Finance Theory and Markets 2 Consumer Behaviour

Stage 2: Introduction to Marketing 1 Introduction to Marketing 2

Employment Law None

International Financial Markets None Management Accounting

Techniques and Decisions Stage 2:

Financial Accounting Management Accounting

Project Management None

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4.2 Degree Courses Available

4.2.1 Bachelor of Business Administration (BBA)

The Bachelor of Business Administration offers the greatest flexibility to students and allows those students to select from a wide range of possible modules, subject to rules on pre-requisites. In order to attain this qualification, the eight synoptically-linked modules from Stage 1, the two mandatory synoptically-linked modules (i.e. Quantitative Methods 1/Quantitative Methods 2) and fourteen other modules, be they synoptically-linked or stand-alone, from Stage 2 and Stage 3 are required.

4.2.1.1 Aims and Objectives

The Bachelor of Business Administration degree aims to allow students to study a wide range of business, management, finance, accounting and economics modules to a high level through Heriot-Watt University. The course is integrated and structured so that students will study the fundamentals of accounting, economics, finance and management at Stage 1. Later in the course students can select from a wide choice of specialist subject areas. Graduates with a BBA degree will be equipped to work in a variety of general management and professional positions.

4.2.1.2 Educational Aims of the Course The course aims to enable learners to:

• Develop knowledge, understanding and subject skills in areas of accounting, finance and business management for employment in a variety of careers in commerce, industry, education and public administration.

• Attain professional qualifications by maximising opportunities for exemptions awarded by professional accountancy bodies.

• Develop subject interests by allowing selection from a range of specialist module sets.

• Gain a firm foundation, through the Heriot-Watt Management Programme common structure in Stage One, in key areas of accountancy and finance, economics and management to give flexibility of choice in selecting a course to suit their interests and career aspirations.

• Develop personal abilities (and attitudes for employment in a variety of careers and prepare for lifelong learning and personal development.

4.2.1.3 Learning Outcomes Subject Mastery:

(a) Understanding and Knowledge, the learner will be able to:

• Attain the ability to evaluate the main functional and activity areas of management: Marketing, Organisational Behaviour, Human Resource Management, Operations Management, Quantitative Methods, Business Policy, International Strategic Management, Aspects of Law, Financial Management.

• Attain the necessary knowledge, understanding and transferable skills to build valuable careers in industry or commerce, or to set up their own business.

(b) Subject- Specific skills, the learner will be able to:

• Compile and synthesise data from a variety of sources internal and external to the corporate situation.

• Critically analyse and evaluate subject material and prevailing business and management paradigms.

• Formulate personal opinions and conclusions supported by evidence.

• Apply principles and concepts to practical corporate, commercial and managerial problems and situations.

• Plan, conduct and report on an individual investigation of business issues and business strategies.

Personal Abilities:

(a) Cognitive skills, the learner will be able to:

• Transfer theoretical and practical problem skills to a variety of situations. • Critically review and assess material.

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(b) Core skills, the learner will be able to:

• Communicate and present ideas effectively by written means. • Work independently.

• Plan and organise own learning through self-management. (c) Professional Awareness, the learner will be able to:

• Demonstrate an interest in both current and past management issues.

• Take responsibility for personal, professional and social awareness development. 4.2.1.4 Structure

See pages 15 and 16. 4.2.1.5 Award Requirements

The award of Degree requires 360 credits and a minimum of Grade D in at least four Stage 3 modules, all at SCQF level 9.

Therefore, students must obtain by formal assessment (i.e. examination not exemption) a Grade D, or above, in four (i.e. 60 credits) of the following synoptically-linked or stand-alone modules (indicated by * below):

• Auditing/Contemporary Issues in Financial Accounting • Corporate Finance 1/Corporate Finance 2

• Operations Management 1/Operations Management 2 • Securities Markets 1/Securities Markets 2

• Strategic Management/International Strategic Management • Consumer Behaviour*

• Employment Law*

• International Financial Markets*

• Management Accounting Techniques and Decisions* • Project Management*

• Taxation*

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Bachelor of Business Administration (BBA)

Arrangement of Modules Awards, Credits and

Levels Mandatory Modules Optional Modules Elective Modules

Stage 1

(SCQ

F level 7) 8 mandatory

Introduction to Accounting 1 and Introduction to Accounting 2

Introduction to Economics 1 and

Introduction to Economics 2

Introduction to Banking and Financial Services and Introduction to Finance 1

Introduction to Management 1 and Introduction to Management 2 Certificate of Higher Education 120 credits, all at SCQF level 7 Stage 2 (SCQ F level 8) 2 mandatory + 6 elective

Quantitative Methods 1 and

Quantitative Methods 2 Minimum of 60 credits (selected from Table 2)

Diploma of Higher Education

240 credits, at least 90 of which are at SCQF level

8

Stage 3

(SCQ

F level 9) 8 elective

Minimum of 120 credits (selected from Tables 2 and

3) with a minimum of 90 credits from Table 3.

Ordinary Degree

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Elective Modules

Table 2 (Stage 2) Notes

Commercial Law 1 and Commercial Law 2 Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits) Finance Theory and Markets 1 and Finance Theory and Markets 2 Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits) Financial Accounting and Management Accounting Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits) Introduction to Marketing 1 and Introduction to Marketing 2 Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits) Organisational Behaviour and Human Resource Management Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits)

Auditing and Contemporary Issues in Financial Accounting Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits) Corporate Finance 1 and Corporate Finance 2 Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits) Operations Management 1 and Operations Management 2 Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits) Securities Markets 1 and Securities Markets 2 Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits) Strategic Management and International Strategic Management Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits)

Consumer Behaviour SCQF level 9 (15 credits)

Employment Law SCQF level 9 (15 credits)

International Financial Markets SCQF level 9 (15 credits) Management Accounting Techniques and Decisions SCQF level 9 (15 credits)

Project Management SCQF level 9 (15 credits)

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4.2.2 Bachelor of Arts (BA) in Accountancy

In order to attain this qualification, the seventeen mandatory modules (eight synoptically-linked at Stage 1, six synoptically-linked at Stage 2, two synoptically-linked and one stand-alone at Stage 3) plus seven further synoptically-linked or stand-alone modules (chosen from a list of elective modules) are required.

The BA Accountancy degree aims to provide a balance of education in accountancy and finance related topics with supporting subjects such as finance statistics, marketing, law, and operations management available in the intermediate years. It maintains its traditionally established aim of providing a sound base for those students looking to a career in the accountancy professional or the financial services industry.

• Develop knowledge, understanding and subject skills in areas of accounting (and finance) for employment in a variety of careers in commerce, industry, education and public administration. • Attain professional qualifications by maximising opportunities for exemptions awarded by

professional accountancy bodies.

• Gain a firm foundation, through the Heriot-Watt Management Programme common structure in Stage One, in key areas of accountancy and finance, economics and management to give flexibility of choice in selecting a course to suit their interests and career aspirations.

• Develop personal abilities and attitudes for employment in a variety of careers and prepare for lifelong learning and personal development.

• Develop knowledge and understanding of accountancy (and finance) in the context of existing and emerging issues at national and international level.

• Develop knowledge and understanding of financial accounting, external reporting and practices and problems of reporting to external users of accounting information; the principles and practice of preparation of accounts, theory of statute and case law in an accountancy and finance context.

• Develop knowledge and understanding of management accounting: theories, concepts and techniques, role in various organisational environments, contribution to organisational decision-making and performance measurement.

• Acquire knowledge and understanding of statistical techniques appropriate to accountancy and finance.

• Acquire knowledge and understanding of the principles of management and economics. (b) Subject- Specific skills, the learner will be able to:

• Compile and synthesise accountancy and business data from a variety of sources. • Critically analyse and evaluate subject material and prevailing accountancy paradigms. • Formulate personal opinions and conclusions supported by evidence.

• Apply principles and concepts of accountancy and finance to practical situations. Personal Abilities:

• Transfer theoretical and practical problem-solving skills to a variety of contexts. • Apply statistical and numerical skills.

• Critically review and assess material.

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• Demonstrate an interest in current developments in accountancy and cognate areas • Take responsibility for personal, professional and social-awareness development

• Respond proactively to the changing societal role of the accountant and specialists in cognate areas

4.2.2.4 Structure

The award of Degree requires 360 credits and a minimum of Grade D in all three mandatory modules at Stage 3 plus an additional module or modules (if synoptically-linked), so that at least four modules at SCQF level 9 are passed at Grade D or better.

Therefore, students must obtain by formal assessment (i.e. examination not exemption) a Grade D, or above, in the following modules:

• Auditing/Contemporary Issues in Financial Accounting • Management Accounting Techniques and Decisions

Plus, students must obtain by formal assessment (i.e. examination not exemption) a Grade D, or above, in a minimum of one (i.e. 15 credits) of the following synoptically-linked or stand-alone modules (indicated by * below):

• Corporate Finance 1/Corporate Finance 2

• Employment Law*

• International Financial Markets* • Project Management* • Taxation*

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Bachelor of Arts in Accountancy

Arrangement of Modules Awards, Credits

and Levels

Mandatory Modules Optional Modules Elective Modules

Stage 1

(SCQF leve

l 7)

8 mandatory

Introduction to Economics 1 andIntroduction to Economics 2

Introduction to Finance 1 and Introduction to Banking and Financial Services

Introduction to Management 1 and Introduction to Management 2 Certificate of Higher Education 120 credits, all at SCQF level 7 Stage 2 (SCQF leve l 8) 6 mandatory + 2 elective

Finance Theory and Markets 1 and Finance Theory and Markets 2

Financial Accounting and Management Accounting

Quantitative Methods 1 and Quantitative Methods 2

Minimum of 30 credits (selected from Table 2)

Diploma of Higher Education 240 credits, at least 90 of which are at SCQF level 8 Stage 3 (SCQF leve l 9) 3 mandatory + 5 elective

Auditing and Contemporary Issues in Financial Accounting

Management Accounting Techniques and Decisions

Minimum of 75 credits (selected from Tables 2 and 3)

with a maximum of 30 credits from Table 2.

Ordinary Degree

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Elective Modules

Commercial Law 1 and Commercial Law 2 Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits) Introduction to Marketing 1 and Introduction to Marketing 2 Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits) Organisational Behaviour and Human Resource Management Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits)

Table 3B (Stage 3) Notes

Corporate Finance 1 and Corporate Finance 2 Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits) Operations Management 1 and Operations Management 2 Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits) Securities Markets 1 and Securities Markets 2 Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits) Strategic Management and International Strategic Management Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits)

International Financial Markets SCQF level 9 (15 credits)

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4.2.3 BA Accountancy and Finance

In order to attain this qualification, the seventeen mandatory modules (eight synoptically-linked at Stage 1, six synoptically-linked at Stage 2, two synoptically-linked and one stand-alone at Stage 3) plus seven further synoptically-linked or stand-alone modules (chosen from a list of elective modules) are required.

The BA Accountancy and Finance degree aims to provide a balance of education in accountancy and finance related topics with supporting subjects such as statistics, marketing, law, and operations management available in the intermediate years. It maintains its traditionally established aim of providing a sound base for those students looking to a career in the accountancy professional or the financial services industry.

• Develop knowledge, understanding and subject skills in areas of accounting and finance for employment in a variety of careers in commerce, industry, education and public administration. • Attain professional qualifications by maximising opportunities for exemptions awarded by

professional accountancy bodies.

• Develop personal abilities and attitudes for employment in a variety of careers and prepare for lifelong learning and personal development.

(c) Understanding and Knowledge, the learner will be able to:

• Develop knowledge and understanding of accountancy and finance in the context of existing and emerging issues at national and international level.

• Develop knowledge and understanding of financial accounting, external reporting and practices and problems of reporting to external users of accounting information; the principles and practice of preparation of accounts, theory of statute and case law in an accountancy and finance context.

• Develop knowledge and understanding of finance: capital markets and corporate finance and control issues within an UK and international context.

• Develop knowledge and understanding of management accounting: theories, concepts and techniques, role in various organisational environments, contribution to organisational decision-making and performance measurement.

• Acquire knowledge and understanding of statistical techniques appropriate to accountancy and finance.

• Acquire knowledge and understanding of the principles of management and economics. (d) Subject- Specific skills, the learner will be able to:

• Compile and synthesise accountancy and finance data from a variety of sources.

• Critically analyse and evaluate subject material and prevailing accountancy and finance paradigms.

• Formulate personal opinions and conclusions supported by evidence.

• Apply principles and concepts of accountancy and finance to practical situations. Personal Abilities:

(d) Cognitive skills, the learner will be able to:

• Transfer theoretical and practical problem-solving skills to a variety of contexts. • Apply statistical and numerical skills.

• Critically review and assess material.

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(e) Core skills, the learner will be able to:

• Plan and organise own learning through self-management. (f) Professional Awareness, the learner will be able to:

• Demonstrate an interest in current developments in accountancy and finance and cognate areas.

• Take responsibility for personal, professional and social-awareness development.

• Respond proactively to the changing societal role of the accountant and specialists in cognate areas.

4.2.3.4 Structure

The award of Degree requires 360 credits and a minimum of Grade D in all three mandatory modules at Stage 3 plus an additional module or modules (if synoptically-linked), so that at least four modules at SCQF level 9 are passed at Grade D or better.

• Auditing/Contemporary Issues in Financial Accounting • Management Accounting Techniques and Decisions

Plus, students must obtain by formal assessment (i.e. examination not exemption) a Grade D, or above, in a minimum of one (i.e. 15 credits) of the following synoptically-linked or stand-alone modules (indicated by * below):

• Corporate Finance 1/Corporate Finance 2

• Employment Law*

• International Financial Markets* • Project Management* • Taxation*

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Bachelor of Arts in Accountancy and Finance

Stage 1

(SCQF leve

l 7)

8 mandatory

Introduction to Management 1 and Introduction to Management 2 Certificate of Higher Education 120 credits, all at SCQF level 7 Stage 2 (SCQF leve l 8) 2 mandatory + 6 elective

Financial Accounting and Management Accounting

Minimum of 30 credits (selected from Table 2)

Diploma of Higher Education

240 credits, at least 90 of which are

at SCQF level 8 Stage 3 (SCQF leve l 9) 3 mandatory + 2 optional + 3 elective

Auditing and Contemporary Issues in Financial Accounting

Management Accounting Techniques and Decisions

Minimum of 30 credits (selected from Table

3A)

Minimum of 45 credits (selected from Tables 2,

3A and 3B), with a maximum of 30 credits

from Table 2

Ordinary Degree

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Optional Modules

Table 3A (Stage 3) Notes

Corporate Finance 1 and Corporate Finance 2 Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits) Securities Markets 1 and Securities Markets 2 Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits)

Elective Modules

Organisational Behaviour and Human Resource Management Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits) Introduction to Marketing 1 and Introduction to Marketing 2 Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits) Commercial Law 1 and Commercial Law 2 Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits)

Operations Management 1 and Operations Management 2 Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits) Strategic Management and International Strategic Management Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits)

International Financial Markets SCQF level 9 (15 credits)

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4.2.4 BA Business and Finance

In order to attain this qualification, eight modules from each stage are required. Seventeen modules are mandatory and seven can be chosen from a group of elective modules.

The BA Business and Finance degree aims to allow students to study both business and finance to a high level at Heriot-Watt University. The course is structured for students to study the core Stage 1 module sets and later to specialise in business and finance subjects at higher levels. Students who graduate with a degree in Business and Finance will pursue a wide range of potential careers in industry; commerce; the financial sector, including banking, capital markets and financial services and with international agencies requiring a knowledge of business and financial affairs. Among the many possible occupations would be business management, marketing, personnel management, banking, commodity dealing and broking; and financial and investment analysis.

• Develop knowledge, understanding and subject skills in the areas of finance and those related to the principles and practice of modern business management for employment in a variety of careers in commerce, industry (particularly banking and finance), education and public administration.

• Develop subject interests.

• Develop personal and attitudes for employment in a variety of careers and preparedness for lifelong learning and personal development.

• Develop knowledge and understanding of the main areas of management: Marketing, Organisational Behaviour, Human Resource Management, Operations Management, Quantitative Methods, Business Policy, and International Strategic Management.

• Develop knowledge and understanding of the main theories and practice of modern finance including: capital markets, corporate finance, and control issues within a UK and international context.

• Develop specialist knowledge and understanding in areas of finance as chosen from a wide range of options including Security Analysis and Derivatives Applications, Securities Markets, Security Topics and Issues, Corporate Governance and Control, Corporate Issues in Finance, Advanced Corporate Finance.

• Acquire knowledge and understanding of the statistical techniques that are appropriate to business and finance analysis.

• Acquire knowledge and understanding of the principles of economics and accountancy. (b) Subject- Specific skills, the learner will be able to:

• Critically analyse and evaluate subject material and prevailing business and finance paradigms.

• Compile and synthesise business and finance data from a variety of sources. • Formulate personal opinions and conclusions supported by evidence. • Apply principles and concepts to practical business and finance situations. Personal Abilities:

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• Demonstrate an interest in both current and management affairs.

• Take responsibility for personal, professional and social awareness development. 4.2.4.4 Structure

The award of Degree requires 360 credits and a minimum of Grade D in at least four Stage 3 modules, all at SCQF level 9.

Therefore, students must obtain by formal assessment (i.e. examination not exemption) a Grade D, or above, in a minimum of four (i.e. 60 credits) of the following synoptically-linked or stand-alone modules (indicated by * below):

• Auditing/Contemporary Issues in Financial Accounting • Corporate Finance 1/Corporate Finance 2

• Employment Law*

• International Financial Markets*

• Management Accounting Techniques and Decisions* • Project Management*

• Taxation*

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Bachelor of Arts in Business and Finance

Stage 1

(SCQF leve

l 7)

8 mandatory

Organisational Behaviour and Human Resource Management

Diploma of Higher Education 240 credits, at least 90 of which are at SCQF level 8 Stage 3 (SCQF leve l 9) 4 mandatory + 2 optional + 2 elective

Operations Management 1 and Operations Management 2

Strategic Management and International Strategic Management

Minimum of 30 credits (selected from Table

3A)

Minimum of 30 credits (selected from Tables 2,

3A and 3B)

Ordinary Degree

360 credits, at least 90 of which are at SCQF

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Optional Modules

Table 3A (Stage 3) Notes

Corporate Finance 1 and Corporate Finance 2 Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits) Securities Markets 1 and Securities Markets 2 Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits)

Elective Modules

Commercial Law 1 and Commercial Law 2 Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits) Financial Accounting and Management Accounting Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits) Introduction to Marketing 1 and Introduction to Marketing 2 Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits)

Auditing and Contemporary Issues in Financial Accounting Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits)

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4.2.5 BA in Management

In order to attain this qualification, eight modules from each stage are required. Eighteen modules are mandatory and six can be chosen from a group of optional and elective modules.

The BA Management degree aims to provide a firm foundation in the field of management and develops understanding key functional areas of business, (e.g. marketing, organisational behaviour, human resource management, and law). A graduate, with a BA in Management will be able to work in general and specialist management positions within a wide range of business organisations.

• Develop understanding, knowledge and subject skills relating to the principles and practices of modern business management.

• Develop personal abilities (and attitudes for employment in a variety of careers and prepare for lifelong learning and personal development.

• Develop knowledge and understanding of the structure and performance of a variety of organisations.

• Develop knowledge and understanding of the main areas of management: Marketing, Organisational Behaviour, Human Resource Management, Operations Management, Business Policy, Strategic Management, Law, and, Project Management.

(b) Subject- Specific skills, the learner will be able to:

• Critically analyse and evaluate subject material and prevailing business and management paradigms.

• Formulate personal opinions and conclusions supported by evidence. • Examine the logic and consistency of arguments by others.

• Apply principles and concepts to practical corporate, commercial and managerial problems and situations.

Personal Abilities:

• Recognise, evaluate and comment upon alternative points of view. (b) Core skills, the learner will be able to:

• Demonstrate an interest in current developments in business and management and cognate areas.

• Take responsibility for personal, professional and social-awareness development. 4.2.5.4 Structure

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4.2.5.5 Award Requirements

The award of Degree requires 360 credits and a minimum of Grade D in all four mandatory modules at Stage 3 modules.

• Operations Management 1/Operations Management 2 • Strategic Management/International Strategic Management

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Bachelor of Arts in Management

Stage 1

(SCQF leve

l 7)

8 mandatory

Introduction to Marketing 1 and Introduction to Marketing 2

Organisational Behaviour and Human Resource Management

Diploma of Higher Education 240 credits, at least 90 of which are at SCQF level 8 Stage 3 (SCQF leve l 9) 4 mandatory + 4 elective

Operations Management 1 and Operations Management 2

Strategic Management and International Strategic Management

Minimum of 60 credits (selected from Tables 2

and 3)

Ordinary Degree

360 credits, at least 90 of which are at SCQF

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Elective Modules

Commercial Law 1 and Commercial Law 2 Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits) Finance Theory and Markets 1 and Finance Theory and Markets 2 Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits) Financial Accounting and Management Accounting Modules synoptically linked for assessment purposes – both SCQF level 8 (30 credits)

Auditing and Contemporary Issues in Financial Accounting Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits) Corporate Finance 1 and Corporate Finance 2 Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits) Securities Markets 1 and Securities Markets 2 Modules synoptically linked for assessment purposes – both SCQF level 9 (30 credits)

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4.3 The Modules

Students should refer to http://www.sml.hw.ac.uk/external/courses/modules/index.html for full Module Syllabus and Descriptors for the Management Programme modules detailed in Sections 4.3.1 to 4.3.3.

4.3.1 Stage 1 Modules

4.3.1.1 Introduction to Accounting 1 / Introduction to Accounting 2

Module Codes: C87AT / C87AU

Stage: One Pre-requisite: None Degree(s) for which

Mandatory:

• Bachelor of Business Administration (BBA) • Accountancy

• Accountancy and Finance • Business and Finance • Management

Aims of Synoptically-linked Modules:

• to introduce students to the nature and purpose of financial and management accounting.

• develop understanding of the methodology underlying the preparation of financial statements

• to understand the key components of the audit process and audit reporting. • To develop an awareness of the regulation of the audit process

Assessment Methods:

Method: Examination

Length: 3 hours

Weighting: 100%

4.3.1.2 Introduction to Economics 1 / Introduction to Economics 2

Module Codes: C87EN / C87EO

Mandatory:

• to introduce students to the principles and concepts of microeconomics • students able to apply knowledge to the analysis of microeconomic problems • to introduce students to the principles and concepts of macroeconomics • students able to apply knowledge to the analysis of macroeconomic problems • to provide students with an understanding of the world economy

Length: 3 hours

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4.3.1.3 Introduction to Banking and Financial Services / Introduction to Finance 1

Module Codes: C87BF / C87FI

Mandatory:

• to provide an understanding of the operational aspects of banking and provide an in-depth analysis of bank account operations and inform students of the main investment and international services made available to bank customers.

• to enable students to understand the marketing and delivery of bank services to the general public.

• to introduce students to the financial sector of an economy via the study of the role and service provided by the main financial institutions and markets in most countries • to introduce students to the key concepts applied to financial decision-making, the role of

capital markets, financial mathematics, models and information used to value and analyse financial securities and the objective functions of corporate finance managers

Length: 3 hours

Weighting: 100%

4.3.1.4 Introduction to Management 1 / Introduction to Management 2

Module Codes: C87MT / C87MU

Mandatory:

• to introduce students to the role of the manager and some of the major tasks which a manager will encounter

• to introduce students to the major schools of thought concerning management and demonstrate continuity of such thinking

• to introduce students to the differences between enterprise, management and the entrepreneur

Length: 3 hours

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4.3.2 Stage 2 Modules

4.3.2.1 Commercial Law 1 / Commercial Law 2

Module Codes: C88CL / C88CM

Stage: Two Pre-requisite: None Degree(s) for which

Mandatory:

None

• Acquire knowledge and understanding of the basic principles and legal rules that regulate commercial life

• Appreciate the application of the law in the context of everyday business transactions and activity

• Acquire knowledge and understanding of the legal principles and rules that regulate the formation and operation of business entities

• Understand the practical application of the law in the context of the everyday activities of business entities

• Acquire the skills necessary for planning the operation of business activities so as to avoid legal problems

Length: 3 hours

Weighting: 100%

4.3.2.2 Finance Theory and Markets 1 / Finance Theory and Markets 2

Module Codes: C88FT / C88FU

Stage: Two

Pre-requisite: Introduction to Banking and Financial Services / Introduction to Finance 1 (C87BF/C87FI)

Degree(s) for which Mandatory:

• Accountancy

• Accountancy and Finance • Business and Finance

• to introduce students to modern portfolio theory and them to acquire and develop understanding, knowledge and skills related to investment and portfolio theory • to introduce students to the key principles applied to financial decision-making, the role

of capital markets, financial mathematics, models and information used to value and analyse financial securities and the objective functions of corporate finance managers • to introduce students to the mechanics, operations and regulation of capital markets

and the financial system.

Length: 3 hours

Weighting: 100%

4.3.2.3 Organisational Behaviour / Human Resource Management

Module Codes: C88OB / C88HM

Stage: Two Pre-requisite: None Degree(s) for which

Mandatory:

• Business and Finance • Management

• to introduce students to the field of study know as Organisational Behaviour • to enable students to develop an understanding of human behaviour at work, at the

individual, group and organisational level

• to provide students with a working appreciation of how work and working conditions can affect health, safety and performance

• to encourage a critical understanding of current thinking and approaches in the field • to enable students to apply their knowledge to practical case examples

• to enable students to develop an understanding of key human resource systems and techniques

Length: 3 hours