BSc (Hons) Accounting and Management (Industry) Bachelor's degree at Lancaster University

Today, management is everywhere. It shapes businesses, work organisations, and our daily lives. But what does it truly mean to manage? Who is a manager and what do they do? You will be introduced to key theories and practices that define management, exploring how they influence decision-making in all sectors of human activity. Management is not just about control and rational decisions based on established models. It is about solving problems, leading people, and navigating complex organisations. Additionally, it involves understanding change and uncertainty, as well as power, politics, and human behaviour. How do managers tackle difficult decisions, prioritise competing demands, and respond

Operations Management is a core managerial discipline for all types of organisations, from private sector manufacturing to public sector services. This module introduces the role of operations managers. You will cover a variety of topics including: operations design, capacity planning and control, supply chain management, inventory, forecasting quality management.

This module provides a comprehensive introduction to economic principles with a more mathematical approach. It explores the workings of modern economies at both the microeconomic and macroeconomic levels. At the microeconomic level, you will examine the decision-making processes of individuals and firms, investigating concepts such as supply and demand, market structures, and consumer behaviour. At the macroeconomic level, you will explore key national economic indicators, including national income, unemployment rates, inflation, and the implications of economic policy.

Discover how various stakeholders utilise accounting information for decision-making. This module provides a foundation in financial and management accounting. You will begin by exploring the fundamental principles of financial accounting along with the regulatory environment in which accountants operate. You will develop essential skills in preparing basic financial statements and applying key techniques that support financial reporting. You will learn how to interpret financial statements and understand the significance and the limitations of financial reporting, particularly its external focus. The module then introduces key concepts in management accounting. You will explore how strategi

This module provides an engaging introduction to the world of financial markets and trading. You will explore the role of financial institutions and gain an understanding of key markets, including stock, options, futures, and foreign exchange (FX) markets. You will cover fixed income securities, such as bonds, and examine the growing sectors of crypto and non-fungible tokens (NFTs), offering insights into their impact on modern finance. We will discuss commodities and their significance in global trade and investment. Additionally, you will explore how financial institutions and markets are regulated to maintain stability and ensure their proper functioning. Through a practical approach and

The Management School is committed to your professional development. We provide study skills to equip you to learn effectively from day one, along with employability skills to help you in securing placements and jobs during and after your degree. The module is tailored to the needs of Accounting and/or Finance students. In this module, you will develop core academic skills that are important for your success. This module will introduce you to the broader business environment in which accounting and finance professionals operate. You will explore core business functions such as marketing, human resources, and management. This module also emphasises the development of important professional sk

In this module, you will explore the key concerns and strategies of managers in international businesses. Through various examples, you will study the complexities of managing these enterprises, ranging from global manufacturing companies to international service providers. You will explore how international businesses affect economies and societies. By the end of this module, you will gain a clearer understanding of how to manage global operations and the intricate networks that support the production and delivery of goods and services worldwide.

Understand the key financial reporting principles for publicly listed companies that adhere to International Financial Reporting Standards (IFRS). You will gain a thorough understanding of accounting regulations and financial reporting by examining various theoretical and practical issues, including regulatory requirements and their enforcement, the IFRS conceptual framework, taxonomy, and digitalisation. The topics covered will include segmental reporting, leases, impairments and accounting for financial instruments. While exploring the technical aspects of accounting, the module will also emphasise the importance of judgment and management goals in financial reporting. By the end of the mo

Explore the essential concepts of management accounting and control, while understanding the evolving role of management accountants as trusted business advisors. You will develop skills in measuring, analysing, and reporting information to support management decision-making. Specifically, you will learn to apply a range of costing techniques, such as variable, absorption and activity-based costing. This module will also address control systems, including budgeting, variance analysis, and performance measurement. You will look at how these systems affect motivation and the organisation. Additionally, you will study Accounting Information Systems (AIS) which support management accounting proc

This module improves your employability skills within the accounting and finance sector. You will learn about the requirements and expectations of accounting, finance, and audit professionals, such as codes of conduct. You will also gain hands-on experience with practitioner software and financial databases such as Bloomberg, WRDS, CRSP and Compustat. The module's content and delivery format will be tailored to your career aspirations, for example, through opportunities for internships or placements, or study abroad at one of our international partners (subject to availability). Throughout the module, you will reflect on, consolidate, and evaluate your professional development. You will cont

This module introduces you to corporate finance. It focuses on key concepts that drive decision-making in businesses. You will explore the roles and interests of key stakeholders and understand their influence on decision-making within an organisation. You will also explore the core functions of a company, examining how governance structures shape company strategies and support growth and stability. Key topics we will cover in the module include capital structure, investment and financing decisions, and dividend policy, all of which are essential for a company’s financial health. By the end of this module, you will have a solid foundation in corporate finance, preparing you to tackle more co

This module introduces the functioning of the global business environment and the implications for business. It uses relevant conceptual and analytical economic tools grounded in international political economy. You will cover a range of important topics in international economics, including globalisation, the determinants of trade patterns and trade policies, exchange rate determination, the global factory and global supply chains, the growth of emerging economies, international knowledge flows, regionalism, and climate change.

This module develops your knowledge and understanding of the legal framework relevant to business operations, while also equipping you with the skills to identify when specialist legal advice may be required. You will explore key areas of business law and regulation, learning about the distinctions between different types of law and how law shapes business practices. The key content of the module includes topics such as: the law of obligations contract formation and content unfair contract terms breaches of contract available remedies. You will examine the impact of employment law on businesses and corporations, legal personality status, different methods of financing and the scope of direct

Success in every organisation is driven by its people, and Human Resource Management (HRM) is the process that shapes how we work, grow, and succeed. This module goes beyond HR policies and paperwork. We will explore how HRM actively influences our working lives, various workplace cultures, and our perceptions of identity and work itself. You will explore why HRM plays a crucial role in shaping employability and recruitment, performance management, and personal development across all sectors. But HRM isn’t just about policies; it’s about people. You will examine how companies attract talent, keep employees motivated, and navigate the challenges of both human and digital work. Whether you asp

This module provides a comprehensive understanding of audit principles, risk assessment, and internal controls. You will learn how to evaluate financial integrity and regulatory compliance. You will also explore the role of auditors in corporate governance and fraud detection, focusing on how audit functions contribute to stakeholder confidence and corporate accountability. Through examples and real-world applications, you will develop skills to identify audit risks, create effective audit procedures, and use professional judgment in financial statement audits. The module covers key regulatory frameworks and international auditing standards, ensuring you understand the evolving responsibilit

This module evaluates the value chain of global organisations who work together to design, source and deliver products to the end consumer. You will learn how marketers need to understand global market dynamics to ensure that products are produced, transported and sold in ways that deliver maximum value to the end consumer whilst being profitable for all organisations involved. This module will also explore the key ethical and sustainability challenges faced by marketers, organisations and consumers.

Your placement takes place in the third year of your four-year degree. You will spend this year working in a graduate-level placement role. You will be able to connect your academic learning with professional practice by using the workplace as a setting for experiential learning. You will be employed and will apply your theoretical knowledge to real-world situations. You will actively engage in workplace activities, observing and participating in actual processes. The LUMS Placements and Internships team will support and monitor you while you are on placement.

You will examine how management accounting supports strategic decision-making, with a focus on cost management, performance evaluation, and long-term value creation. A range of advanced management accounting techniques such as balanced scorecards, strategic costing, and value-based management will be explored. You will explore how organisations integrate Environment, Society and Governance (ESG) factors into management control systems, sustainability reporting, and performance measurement to ensure responsible and transparent business practices. Using practical examples, you will learn to interpret both financial and non-financial data to support strategic decision-making. Given a range of c

This module explores complex corporate reporting issues, focusing on advanced application of International Financial Reporting Standards (IFRS) along with sustainability reporting. You will critically examine advanced topics such as accounting for complex entities, hedge accounting and foreign currency translation. Other key topics include consolidation techniques, goodwill impairment, and employee benefits, ensuring you can understand complex financial transactions. The module also explores regulatory developments in Environmental, Social and Governance (ESG) reporting, and examines business practices in this area. Focusing on ESG frameworks and emerging topics such as carbon accounting, th

This capstone module provides you with the opportunity to apply everything you have learned throughout your accounting and finance journey to a real-world project and enhance your employability profile further. You will choose a topic from key areas such as control systems and accountability, Environmental, Social and Governance (ESG), financial markets, corporate finance, and investments. You will conduct an in-depth analysis that reflects current trends and challenges in the fields of accounting and finance. You will be encouraged to think critically, research, and apply accounting and finance theories to contemporary issues. Guided by expert lecturers, you will develop your analytical ski

Strategic management involves making deliberate choices that shape an organisation’s direction and scope, ultimately enhancing its ability to create value and achieve long-term success. In today’s rapidly changing business environment, the ability to strategise, process complex information, think creatively, and persuade others, is an essential skill. These abilities influence a firm’s short-term performance and long-term survival, impacting a wide range of stakeholders. This module provides you with an in-depth understanding of strategy. You will learn to critically analyse real-world business decisions using contemporary strategic management thinking. Through interactive lectures, case analy

This module helps you develop as a responsible and effective leader. You will learn to make decisions that balance the concerns of all stakeholders, including employees, society and the environment. You will engage with responsible leadership theories to gain a deeper understanding of your own approach to leadership. A critical element of leading responsibly is the ability to recognise the arguably “Western” and gender-blind theoretical concepts that underpin leadership, gender and business. You will develop a critical perspective to support your entrepreneurial leadership practice beyond your home borders. Additionally, you will explore and identify the impact of leadership on gender and di

This module explores advanced topics in audit and assurance, equipping you with the skills to navigate complex audit environments. Through real world examples, you will develop expertise in detecting financial misstatements, assessing fraud risks, and evaluating internal controls. You will also consider how recent financial scandals have changed the auditing industry and examine the implications for auditor liability and independence. By examining the evolving regulatory frameworks and professional ethics, as well as corporate governance challenges, the module prepares you to critically assess the role of auditors in maintaining financial integrity. By integrating theory with real-world scen

This comprehensive module provides a foundational and applied understanding of taxation. You will explore corporate and personal tax systems, focusing on: income tax corporate tax Value Added Tax (VAT) capital gains tax international tax issues Through case studies and problem-based learning, you will analyse tax planning strategies, compliance requirements, and ethical considerations in tax decision-making. The module also examines the economic and policy implications of taxation, including the role of tax in government revenue, business decision-making, and global tax regulation. By the end of the module, you will be able to apply tax principles to real-world scenarios, assess the impact o

This advanced module equips you with the skills to interpret and analyse financial statements for evaluating corporate performance, valuation, and making investment decisions. You will apply financial ratios, cash flow analysis, and forecasting techniques to assess financial health, profitability, and risk. Through real-world examples, you will develop the ability to critically evaluate corporate reports, applying analytical frameworks to investment, credit, and strategic business decisions. The module will also explore the growing connectivity between financial and non-financial reporting, highlighting how Environment, Social and Governance (ESG) and other non-financial data are increasingl

This module provides a solid foundation in Environmental, Social, and Governance (ESG), climate and energy finance by exploring the financial aspects of transitioning to a sustainable future. You will explore how businesses integrate ESG factors into strategy and operations, addressing investor expectations, regulatory demands, and societal pressures. The module covers: ESG data collection measurement reporting frameworks, including TCFD, GRI, and national regulations It also examines the challenges of incorporating ESG into risk management, supply chains, and corporate performance assessments. Additionally, you will study how financial markets, investment strategies, and policy decisions al

Can global sustainable development be effectively managed? If so, who should be responsible for it? The UN Sustainable Development Goals represent the most recent effort to balance environmental, social, and economic priorities in a world experiencing rapid change in both ecological and material conditions. You will explore various perspectives and positions regarding sustainable development: what it is, how it is distributed, what it could become, and what kind of sustainability we can realistically achieve. We will examine how businesses and management interact with nature, while critically assessing the political, ecological, social, and economic interconnections and their implications. T