File 2 - EMFSS Programme Specification and Regulations

7/27/2019 File 2 - EMFSS Programme Specification and Regulations

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Programme Specification

and Regulations20122013

Important document please read.This document contains important information that governs your

registration, assessment and programme of study.

Individual courses Economics, Management,Finance and the Social Sciences Programme(New Regulations)


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University of London International Programmes Regulations forthe provision of individual courses related to the fields ofEconomics, Management, Finance and the Social Sciences(EMFSS) (New Regulations)Contents page

Important information regarding theProgramme Summary and Regulations ............ 2Summary of provision for individual courses2012-2013 .............................................................. 4

Brief summary of provision for individualcourses ............................................................... 4Entrance requirements ....................................... 5

Detailed regulations for the provision ofindividual courses ............................................... 8

1 Individual courses available for study ona stand-alone basis ............................................ 82 Registration ................................................ 83 Assessment ............................................. 124 Number of attempts permitted at anexamination ...................................................... 175 Assessment offences and penalties ........ 186 Progression from individual courses ........ 197 Marks ....................................................... 218 Receiving the Certificate of Registrationand Certificate of Achievement ....................... 219 Fees and refunds ..................................... 2210 Students with specific accessrequirements .................................................... 2311 Complaints, suspension and terminationof registration ................................................... 24

Appendix A Individual courses ..................... 25Appendix B Syllabuses for Economics,Management, Finance and the SocialSciences ............................................................. 28Appendix C Assessment Criteria .................. 85Glossary of terms .............................................. 87Related documents and other sources ofinformation ......................................................... 95


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Important information regarding the Programme Summary andRegulations

1

This document contains all the regulations for a specific programme(s) and the associated regulations forindividual courses that can be taken on a stand-alone basis as follows:

Regulations concerning provision for individual courses is divided in to a Summary of provision forindividual courses and theDetailed regulations for the provision of individual courses (which mayinclude relevant Appendices).

The document also contains a Glossary which defines certain terms used within the document and a sectionwith details about related documents and sources of informationto which a student is likely to need torefer at different times in their studies.

2

Some regulations are general regulations, which means that they apply to all University of LondonInternational Programmes at a given level of study. These regulations are marked with (GR) next to theparagraph number.

3

Students registered for any of the programmes covered by this programme specification and detailedregulations are required to comply with procedures, deadlines and instructions issued by the University,including the University of London Regulations. The University is not responsible for any consequencesarising from a students failure to comply with the regulations, procedures, deadlines or instructions.

See the section on related documents and sources of information.

4

On all matters where the regulations need to be interpreted, or are silent, the Universitys decision is final.

5

For the duration of a students registration for a specific programme, core elements (set out in the ProgrammeSpecification) of that programme will remain unchanged unless appropriate consultation with students hastaken place. However, the Programme Specification and Regulations are reviewed and published annually,and certain programme details are subject to change. Each years programme specification and detailedregulations replace those of the previous year, and students must ensure that they always refer to the currentversion. Changes for registered students will be introduced as follows:

Two years notice will be given when a course is withdrawn, when a course is substantially amended,when a prerequisite for a course is introduced, and when the assessment method for a course ischanged.

Five years notice will be given if the University decides to withdraw the programme.

All other regulations may be amended without notice. If a change to the regulations is considered tohave an adverse effect on students, appropriate student consultation will take place prior tointroducing the change to a current student cohort. Normally, major changes to a programme will onlybe introduced for a new cohort of students.

Examples of changes to the regulations which can be considered to have an adverse effect for registeredstudents are significant changes to the structure of the programme, changes to the progression rules in the

programme, changes to the weighting of courses and changes to pass marks or the classification of theaward.

6

Students registered for the programmes covered by this programme specification and regulations areregistered with the University of London International Academy. The Colleges of the University of London andthe University of London International Academy collaborate to deliver the University of London InternationalProgrammes.

7

All University of London International Programmes adhere to the Universitys agreed policies for academic

programmes and awards.


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8

Every effort is taken to ensure the accuracy of the material produced by the University of London InternationalProgrammes and likewise, the content contained within the pages of this document. This document containslinks to third-party sites; the University of London International Programmes is not responsible for the contentof these sites. Likewise, references and links to any such websites should not be taken as an endorsement bythe University of opinions expressed or services provided at those sites.


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Summary of provision for individual courses 2012-2013

For prospectus details about the programme, please seewww.londoninternational.ac.uk/prospectus/emfss_prospect.pdf

Brief summary of provision for individual courses

See Glossary for an explanation of terms.

The courses available as individual courses are drawn from the same set of courses that are available in thestructures of the related degrees and diplomas in Economics, Management, Finance and the Social Sciences.A student completing these degrees and diplomas in the minimum registration period by taking four coursesper year would need to devote at least 35 hours of study per week on a regular basis.

See Detailed regulations for the provision of individual courses.

Students may, over time and subject to the regulations, take any number of courses as individual courses.

See the Entrance Requirements for the number of individual courses a student may apply for in one year.SeeAssessment in the Detailed Regulations for the number of examinations that may be attempted in one

year.

Credit may be given for these individual courses on the related EMFSS degrees and Diplomas for Graduates.

See Progression from individual courses in Section 6, for the maximum number of courses for which a studentmay receive credit towards a degree or Diploma for Graduates.

The great majority of individual courses are assessed by an unseen written examination only. A small numberof courses include assessment by coursework or are assessed by project only.

Level of individual courses

The FHEQ forms part of the UK Quality Code for Higher Education of the Quality Assurance Agency forHigher Education (QAA).

The courses are placed at the following Levels of the Framework for Higher Education Qualifications (FHEQ):

Levels 4, 5 and 6

Relevant QAA subject benchmarks group(s)

See the QAA website for information.

Not applicable

Awarding body

Individual courses do not automatically lead to a University of London award

University of London

Registering body

www.londoninternational.ac.uk/

University of London International Academy

Lead College

See Glossary for an explanation.

The London School of Economics and Political Science (LSE)


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Language of study and assessment

English

Mode of study

Find further details about student support in the student handbook.

Distance and flexible study

Entrance requirements

For details of the application process and English language requirements refer towww.londoninternational.ac.uk

Students with specific access requirements should refer to Section 10 of the Detailed regulations for theprovision of individual courses.

An applicant must satisfy the relevant entrance requirements given in this Section. In order to be consideredfor registration for individual courses, applicants must also submit an application that is in accordance with theprocedures and deadlines set out in the appropriate prospectus.

Applicants may apply for no more than eight full courses or the equivalent in one year (two half courses areequivalent to one full course). If an offer is made, students may registerfor no more than fourfull courses orthe equivalent in one year (two half courses are equivalent to one full course).

Age

An applicant must normally be at least 17 years of age at the time of registration.

University of London general entrance requirements:

An applicant must have passes in:

eithertwo subjects at GCE A level, and at least three further subjects at GCSE or GCE O level (at notless than grade C or a pass if taken prior to 1975)

orthree subjects at GCE A level (with one A Level at not less than grade D) orthree subjects at GCE A level, and one further subject at GCSE or GCE O Level (at not less than

grade C)

ortwo subjects at GCE A Level, and two further subjects at AS Level.

The University may, at its discretion, accept other qualifications in place of those above.

English language proficiency

For awards at FHEQ levels 4, 5 or 6, applicants must provide satisfactory evidence showing that they have:1. Passed acceptable examinations equivalent to GCSE/GCE O level English Language at grade C or

above; or2. Demonstrated fluency in academic English gained through either:

a) Five years secondary schooling taught solely in English and/or passed GCE A levels or IB inessay based subjects; or

b) Passed an International Foundation programme for UK HEI entry with a unit in English forAcademic purposes (EAP) or its equivalent; or

c) A full Postgraduate award, or a full first degree or Associate degree taught and examined inEnglish from an institute that is acceptable to the University; or

d) Have, within the past three years, passed a Diploma awarded by any of the polytechnics inMalaysia, Singapore or Hong Kong that is acceptable to the University; or

e) Have, within the past three years, passed a test of proficiency in English language from anorganisation acceptable to the University as outlined in the English Proficiency Schedule that ispublished by the University.

The Qualifications for Entrance schedule can be found at:www.londoninternational.ac.uk/how_to_apply/qualified.shtml


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Where an applicant does not meet the prescribed English language proficiency requirements but believes thatthey can demonstrate the requisite proficiency for admission the University may, at its discretion, consider theapplication.

Internet access

All students are required to have regular internet access, allowing them to access the following resources:

The student portal

The University of London email address Details of their student records

Programme resources on the VLE (as applicable)

Programme resources on the University of London International Programmes website

The Programme Specification and Regulations for their programme of study

The University Regulations and the University of London International Programmes Student Charter

Additional entrance requirements for specific courses

Most courses (marked P in the list of courses inAppendix A) are designed to be taken after one year ofundergraduate study and assume an appropriate level of subject knowledge. Applications will be consideredon an individual basis and evidence of more advanced knowledge in the subject area may be required (inaddition to the entrance requirements that apply to all courses).

Some courses (marked M in the list of courses inAppendix A) require a knowledge of mathematics.Competence at least equivalent to a pass at GCSE/GCE O level in a Mathematical subject at Grade C orabove is an entrance requirement for these individual courses (in addition to the entrance requirements thatapply to all courses).

Students with Specific Access Requirements

Students with specific access requirements should refer to section 10 of the Detailed Regulations.

The University of London International Programmes welcomes applications from students with disabilitiesand/or specific access requirements. It aims to provide the appropriate support to enable students withspecific access requirements to have the same chance as all other students to successfully complete theirstudies.

Every reasonable effort will be made to ensure that both the application procedure and the programme itselfare organised and delivered to offer all students the opportunity to participate fully. Students with a disability orothers who may need special arrangements to assist in taking examinations (such as separate room orspecial aids) should complete the relevant section of the application form, or contact the Inclusive PracticeManager. Requests will be considered by a University panel, which aims to ensure that students with specificaccess requirements are neither advantaged nor disadvantaged when compared with other students.

Progression and credit

Refer to section 6 of the Detailed regulations for the provision of individual courses.

Progression

It is possible for a student who has passed an individual course(s) to apply to register for the related degree orDiploma for Graduates programmes and to be credited with the courses.

Credit value of courses

Where credits are assigned to each course of a programme, credit indicates the amount of learningundertaken, and a specified credit level indicates the relative depth of learning involved.

The credit value indicates the amount of learning in terms of notional study hours, and the level of learning interms of depth, complexity and intellectual demand.

For the Economics, Management, Finance and the Social Sciences suite of programmes, credits are assignedto the courses as follows:

30 UK credits for a full course unit at FHEQ level 4, or 15 UK credits for a half course unit at FHEQ

level 4 30 UK credits for a full course unit at FHEQ level 5, or 15 UK credits for a half course unit at FHEQ

level 5


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30 UK credits for a full course unit at FHEQ level 6, or 15 UK credits for a half course unit at FHEQlevel 6

Some courses are compulsory others can be selected from lists of options called selection groups.

The total credit value for the award of BSc (Hons) is 360 credits.

Further information about the credit systems used by universities in the UK and Europe is available in:

The Higher Education Credit Framework for England,

www.qaa.ac.uk/Publications/InformationAndGuidance/Pages/Higher-education-credit-framework-for-England-guidance-on-academic-credit-arrangements-in-higher-education-in-England-Augu.aspx

The Framework for Higher Education Qualifications in England,www.qaa.ac.uk/Publications/InformationAndGuidance/Documents/FHEQ08.pdf

The European Credit Transfer and Accumulation System, http://ec.europa.eu/education/lifelong-learning-policy/doc48_en.htm


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Detailed regulations for the provision of individual courses

1 Individual courses available for study on a stand-alone basis

Appendix A gives course outlines.

1.1

All courses available as individual courses in this programme are listed inAppendix A.

1.2

Some courses are half courses. Two half courses are equivalent to one full course.

1.3

All courses accommodate approximately 300 notional study hours. All half courses accommodateapproximately 150 notional study hours.

All credit bearing courses will accommodate no less than 50 notional study hours. Refer to Glossary fordefinition.

1.4

Students may, over time and subject to the regulations, take any number of courses as individual courses.

There are maximum limits in the following circumstances:

For the maximum number of courses for which a student may submit an application in one year, see theEntrance Requirements in the Programme Summary.

For the maximum number of courses for which a student may register in one year, see Registration, Section2.

For the maximum number of courses for which a student may sit examinations in one year, see Assessmentin Section 3.

For the maximum number of courses for which a student may receive credit towards a degree or Diploma for

Graduates, see Progression from individual courses in Section 6.

1.5 (GR)

A student may apply to take any course available in the current year unless they have already been awardeda related award, in which case they may not normally offer a course which is the same as, or equivalent to, acourse previously taken.

1.6 (GR)

Availability of courses may vary from year to year.

1.7

A student who has passed an individual course(s) may apply to register for the related degree or Diploma forGraduates programmes (New Regulations) and to be credited with the courses.

Full details are in section 6

2 Registration

Eligibility to register

2.1

Students may register for an EMFSS individual course if they:

have never registered for an EMFSS programme

have previously registered for an EMFSS programme for which they are no longer registered

are currently registered for an EMFSS degree or Diploma for Graduates programme (subject to the

conditions given in these Regulations).


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2.2

Students who are registered for the Diploma in Economics, the Diploma in Social Sciences or the Accessroute may not register for an EMFSS individual course.

Effective date of registration

2.3 (GR)

A student registered for an award after 1 March 2012 and prior to 30 December 2012 will be given an effectivedate of registration of 30 November 2012.

Students should note that prior to the 2011-12 Programme Specifications and Regulations coming into effect,a student who registered for an award was automatically given an effective date of registration as follows:

1 September, if registering between 1 September and 31 December

1 January, if registering between 1 January and 30 April

1 May, if registering between 1 May and 31 August

As from when the 2011-12 Programme Specifications and Regulations come in to effect, all students effectivedate of registration will be 30 November

2.4 (GR)

A student whose effective date of registration is 30 November in any year will be eligible to enter forexaminations in the following calendar year for the first time.

Period of registration

2.5

The maximum and minimum periods of registration will be:

Minimum Maximum

Credit bearingindividual courses

1 year 2 years

2.6 (GR)

A student who is permitted to proceed from a credit bearing individual course to the related award will be

given a new period of registration as an International Programmes student, effective from the date ofregistration for the related award. The maximum period of registration permitted will be the same as for allother students registered for the same award.

2.7 (GR)

A student who has not completed all the requirements of the individual course within the maximum period ofregistration may apply to extend their registration for one further year or may apply to renew their registrationfor a further maximum period for the individual course(s) for which they are registered. Extension andrenewal of registration is at the discretion of the University which will take into account the progressmade by the student during any previous registration. If the students application for extension or renewal isapproved, the subsequent registration will be subject to the regulations that apply at the time of renewal. A feewill be payable.

Procedures for renewal and extension of registration can be found on www.londoninternational.ac.uk.

Number of courses

Details of the number of examinations that may be attempted can be found in the section 3 Assessment.

2.8

Students may register for a minimum of one half course and for a maximum offourfull courses (or theequivalent) as individual courses in one year. Two half courses are equivalent to one full course. Studentsintending to take individual courses at the same time as an EMFSS degree or Diploma for Graduatesprogramme should note before registering that a maximum limit applies to the total number of examinations astudent may take in one year.


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Availability of courses

Students should note that the availability of courses may vary from year to year. See section 1

2.9

A student registered for an EMFSS degree or Diploma for Graduates may not register for a course as anindividual course if the course is compulsory on that degree or Diploma for Graduates.

2.10A student may apply to take any individual course available in the current year unless they have already beenawarded a related degree/diploma, in which case they may not normally offer an individual course which is thesame as, or equivalent to, a subject previously taken.

2.11

A student may not register for a course as an individual course which they have failed at the second attempt.

2.12

A student may not normally register for an individual course in a course which they have already passed.

Prerequisites and other required courses

2.13Prerequisites, and other rules requiring courses to be taken before or at the same time as the course chosen,apply to courses taken within a degree but not to courses taken as individual courses. If credit is to be giventowards degrees for courses with prerequisites and other required courses, further rules will apply (refer tosection 6).

Exclusions

2.14

Where two courses are described as exclusions, students may register for one of the courses as an individualcourse whether or not they have taken the other course as individual course. Students may not however enterthe examination for an individual course in the same year as a course with which it is excluded, asexaminations for these courses are timetabled together. Exclusions are listed below (and are also noted with

the course syllabus inAppendix B). It is the students responsibility not to attempt to register for a course asan individual course in a year when they may need to sit or resit an examination for a course with which it isexcluded.

2.15

The following pairs of courses are exclusions. Students may not enter for examinations in both courses in thesame year, as examinations for these courses are timetabled together. Not all of the courses listed below willbe available under these regulations (seeAppendix A for full course listings).

AC3059 Financial management and FN3092 Corporate finance

DV2169 Economic policy analysis in international development and EC3044 Economics of

development

EC2066 Microeconomics and MN3028 Managerial Economics

IS1060 Introduction to information systems and IS2136 Information systems and organisations

IS1129 Introduction to programming and IS3103 Elements of information and communication

technologies

IS1168 Introduction to computer systems architecture and programming, and IS1129 Introduction to

programming

IS2138 Information and communication technologies: principles and perspectives, and IS3103

Elements of information and communication technologies

MN3027 The law of business organisations and LA3021 Company law

MT105A Mathematics 1 and MT1173 Algebra

MT105A Mathematics 1 and MT1174 Calculus

MT105B Mathematics 2 and MT2076 Management mathematics


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MT105B Mathematics 2 and MT1173 Algebra

MT105B Mathematics 2 and MT1174 Calculus

MT2116 Abstract mathematics and MT3095 Further mathematics for economists

MT2176 Further calculus and MT3095 Further mathematics for economists

MT2175 Further linear algebra and MT3095 Further mathematics for economists.

MT3095 Further mathematics for economists and MT2116 Abstract mathematics PS1114 Democratic politics and the State and PS1172 Introduction to political science

Confirmation of continuing study

The continuing registration procedure is sent out annually to students.

2.16 (GR)

To maintain their registration with the University, a student must confirm their continuing study annually andpay the appropriate fees by the given deadlines.

2.17

A student whose effective date of registration is 30 November in any year will be eligible to enter forexaminations in the following calendar year for the first time.

Cancellation of registration

2.18 (GR)

A student may cancel their registration at any time.

Section 9 gives refund information.

Registration of former students of the University

2.19 (GR)

In addition to satisfying the entrance requirements given in the Summary of provision for individual courses,an applicant who was previously either registered as an International Programmes student or enrolled at aCollege of the University of London must have paid the University or College all due fees and accounts. Anapplicant who fails to satisfy this condition will not be permitted to register, or to register again, for anindividual course.

2.20 (GR)

An applicant who has previously received a University of London award, or whose registration with theUniversity was terminated because they had exhausted the permitted number of attempts at an examination,may apply to register again as an International Programmes student for a programme of study in a differentsubject or field of study.

2.21 (GR)

A student who is permitted to register again will be required to pay a new registration fee. The student will

receive a new maximum period of registration.

2.22 (GR)

Registration of an applicant who has previously received a University of London award, or whose registrationwith the University was terminated due to exhausting the permitted number of attempts at an examination, fora programme of study in the same subject or field of study, is at the discretion of the University and maynot be permitted for all programmes. All applications will be considered on an individual basis.

2.23 (GR)

It is at the Universitys discretion to determine whether a student who registers again for an award underparagraph 2.22 can receive credit for any courses previously passed.

2.24 (GR)

A student who receives credit for subjects previously passed will not be permitted to re-enter the examinationfor those courses.


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2.25 (GR)

A student who is permitted to register again will be required to pay a new registration fee. The student willreceive a new maximum period of registration.

3 Assessment

3.1 (GR)

See the Important Information in this document for information on changing regulations.

An examination is governed by the regulations in force at the time of the examination and not at the time thata student was initially registered or first attempted the examination concerned, except where the conditions forchanging regulations with notice apply.

3.2 (GR)

A student may choose whether or not to be formally assessed in the individual courses for which they areregistered. Students who choose to be formally assessed will be examined to the same standard as thatrequired by students registered for the related degree, diploma or certificate.

3.3 (GR)

Credit bearing individual courses will be assessed using the forms of assessment associated with theappropriate level of study.

3.4 (GR)

A student sitting an examination must comply with the rules given in the Notice to Candidates, whichaccompanies the Admission Notice in addition to those given in this Section and in the Assessment Offencesand Penalties section and the Progression from individual courses section.

See section 5 and section 6 for information.

3.5 (GR)

All examinations will be based on the course outlines/syllabuses that are current for the year of theexamination concerned. A student must ensure that they have studied the correct syllabuses.

Method of assessment

3.6

Each full course is examined by one three-hour unseen written examination; each half course is examined byone two-hour unseen written examination.

The exceptions are:

AC1025 Principles of accounting, AC3091 Financial reporting and AC3097 Management accounting:these three courses are each examined by one three-hour and 15 minutes unseen writtenexamination, that includes reading time.

GY3157 Independent geographical study: this course is examined by a final project report of between8,000 and 10,000 words

IS3159 Research project in information systems: this course is examined by a project report andevaluation form.

IS1060 Introduction to information systems and IS3139 Software engineering: theory and application:the assessment for each of these courses involves the submission of coursework in addition tounseen written examinations.

See the Glossary for the definition of examination and written paper examination.

Details on each courses assessment methods can be found inAppendix B

Further information on the coursework and project requirements is in the subject guides and the Completingand submitting coursework booklet.

3.7

The completed coursework or project must be submitted direct to the Student Assessment Office at theUniversity of London, to be received by 1 May in the year of the examination.


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3.8

Students entering examinations must be examined in all elements of the assessment prescribed for thatcourse in the same year. Students who fail to submit the required coursework for a course but sit the writtenpaperorwho fail to sit the written paper for a course but submit the required coursework will normally bejudged not to have completed the assessment and will receive a result ofattempt incomplete for the courseconcerned. Receiving a result ofattempt incomplete will count as an attempt at the examination.

A student submitting coursework late may be issued with a penalty.

Further information can be found in the Completing and submitting coursework booklet.

3.9 (GR)

Where necessary, Examiners may change the format or rubric of a written paper examination, from that of theprevious year, without giving prior notice to students.

3.10 (GR)

Examinations by written paper are held at established examination centres worldwide. In countries wherethere is an established examination centre, a student must use the facilities provided by that centre. TheUniversity will not establish an alternative centre in those countries but will endeavour to assist those studentsrequiring special examination arrangements where possible.

See the website for the list of examination centres: www.londoninternational.ac.uk/exams

3.11 (GR)

Oral and aural examinations, if applicable, are normally held only in London. Permission to take oral/auralexaminations at an examination centre other than London is dependent on the ability of the examinationcentre to make arrangements acceptable to the University for the conduct of the examinations. A student forwhom arrangements to take the oral/aural examinations outside of London cannot be made may apply forpermission to take these examinations in London and the written paper examinations elsewhere in the UnitedKingdom and Ireland or overseas.

3.12 (GR)

All examinations are held at the discretion of the examination centre and are subject to any conditions theymay impose.

Number of examinations in an examination period

3.13

A student who is not registered on an EMFSS programme may enter, as new individual courses in one year, aminimum of one half course and up to a maximum of four full new courses (or the equivalent).

3.14

A student who is registered on an EMFSS programme may take a minimum of one half course and amaximum of five courses in any examination period in any combination of new courses and resits (i.e. coursesfailed at a previous examination).

3.15

For students taking individual courses while registered on an EMFSS degree or Diploma for Graduates

programme, a limit applies to the total number ofnew courses for the programme and individual coursecombined which a student may enter in one year. This total may be from a minimum ofone half course up to amaximum offournew full courses (or the equivalent), unless the student is entering in order to complete theirdegree or Diploma for Graduates in the same year, in which case the maximum is five new fullcourses (or theequivalent).

A failed course must be retaken at the next occasion that a student takes examinations unless a student isable to discard the failed course for an alternative course. See section 4, Number of attempts.

3.16

A student who is registered for an EMFSS degree or Diploma for Graduates may take an individual course intheir final year provided they do not take more than four other courses.


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Date of examinations

3.17

Written paper examinations take place in May/June each year.

3.18 (GR)

At any examination session, all students will be examined by the same written paper examination, on thesame date, at the same time, except where there are unavoidable delays in the arrangement. However, the

University reserves the right to set different papers in the same subject in separate countries and in differenttime zones.

3.19 (GR)

Where delays are unavoidable in countries other than the United Kingdom, the examination centre willarrange for the relevant examinations to be taken with as little deviation as possible from the original datesand times assigned to them. A student must abide by these revised arrangements. The University reservesthe right not to mark an examination taken at a different time from that prescribed.

Credit

3.20

An individual course will only be credit bearing if the student successfully completes the formal assessment for

the programme.

Sitting examinations

The full examination entry procedure is in the student handbook.

Or for the full examination entry procedure refer towww.londoninternational.ac.uk/current_students/general_resources/exams/index.shtml

3.21 (GR)

A student who wishes to sit an examination in any given year must:

have registered with the University as an International Programmes student for the individual coursesconcerned by 30 November of the previous yearand

have entered for the examination in accordance with the instructions and deadlines of the Universityand the appropriate examination centre and paid all relevant fees

3.22 (GR)

A student is required to apply to the relevant examination centre for permission to sit the examination. TheUniversity cannot accept responsibility for making examination arrangements on behalf of a student. It isentirely at the examination centres discretion to accept or refuse an entry to an examination.

3.23 (GR)

A fee is normally charged by all examination centres. This fee is payable by a student each time they make anexamination entry. The University is not responsible for this fee and cannot influence the level of fee charged.

A student will be charged 50 per examination paper when using the University of London as an examinationcentre.

3.24 (GR)

A student must write the answers to all examinations in English, except where the syllabus or rubric for awritten paper examination for a particular course indicates otherwise.

3.25 (GR)

The University reserves the right to require a student sitting a written paper examination to remain in theexamination room or its precincts for the duration of the relevant examination.

3.26 (GR)

All examination scripts are the property of the University and will not be returned to students. All questionpapers will be retained by the University.


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3.27 (GR)

A student who finds handwriting difficult due to medical or learning difficulties must apply to the University forspecial arrangements to be made. The University will not transcribe illegible scripts. Any script deemedillegible by the Board of Examiners will be assigned a mark of zero and a fail result will be given. This willcount as an examination attempt.

In order to apply for special examination arrangements, contact [email protected]

See also section 10, Students with special access requirements

Materials and aids permitted within the examination room

Aids permitted in examinations are noted under the syllabuses inAppendix B

3.28 (GR)

Examinations must be completed without aids, unless indicated otherwise in the course outlines/syllabuses. Adefinitive list of materials permitted in the examination room will also be sent to students who have entered anexamination with the Admission Notice/timetable.

3.29

For certain courses, students will be given materials with the question paper, such as graph paper, accounting

paper or statistical tables, for use in the examination. The provision and permitted use of these materials issubject to change.

3.30 (GR)

Without exception, electronic devices with communication capability are forbidden in the examinations. Thisincludes personal digital assistants (PDAs) and mobile phones.

3.31 (GR)

The use of calculators in the examination is strictly controlled. Calculators may only be used in examinationswhere indicated in the course description for the course concerned.

3.32 (GR)

Calculators will not be provided by the University. A student is responsible for providing their own calculatorand for ensuring that it is in working order for the examination. A student must ensure that they have analternative means of calculation in case their calculator fails during the examination (i.e. a second calculatorwhich must also comply with the specification below) or must be prepared to continue the examination withouta calculator. Borrowing another students calculator during the examination is not permitted. If a student usesan electronic calculator in an examination, they must indicate on their examination script the name and type ofmachine used.

3.33 (GR)

Where calculators are permitted, the specifications listed below will apply, unless otherwise indicated in thecourse description and on the Notice for candidates for the course concerned.

Calculators must:

be hand held, compact and portable

be quiet in operation

have no external wires be non-programmable

not be capable of receiving, storing or displaying user supplied non-numerical data

The use of a calculator that communicates or displays textual, graphical or algebraic information(other than error messages) is strictly forbidden.

3.34 (GR)

If a student uses a calculator that does not comply with the above specification, they will be considered tohave made an assessment offence and will be subject by the rules governing such offences.

See section 5 for assessment offences and penalties.


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3.35 (GR)

It is an examination offence to take into, or use in, the examination room any unauthorised materials or aids. Astudent must not take into the examination room, or consult during the examination, any books, notes,instruments or other materials or aids that are not permitted. All such materials or aids must be given to theInvigilator before the examination starts. A student who takes any unauthorised materials or aids into theexamination room must hand them to the Invigilator when requested to do so.

Statutes (for students studying MN3027)A definitive list of statutes and other materials permitted in the examination hall is sent out with the admission

notice/timetable.

See also the notes with the syllabuses inAppendix B.

3.36

The University will not provide statutes or other documents in the examination room. A student will, however,be permitted to bring into the examination room the statutes and other materials listed in the subjectsyllabuses. A student is permitted to use any edition of the permitted statutes, although they are stronglyadvised to use the most recent one.

Where statutes or statutory instruments are listed at the end of individual syllabuses this means a QueensPrinter copy of the statute or statutory instrument or a photocopy of a Queens Printer copy or a Print (PDF)copy (but not a Web (HTML) copy) downloaded from the Office of Public Sector Information website and aQueens Printer copy of any later statute amending or repealing those statutes. Queens Printer copies mustbe of the full original statute or statutory instrument and not of the statute or statutory instrument as reprintedin a case book or statute book.

The details of statutes and other documents given in the syllabuses are subject to revision by the Board ofExaminers and will be superseded by the consolidated list of statutes and other materials which will becirculated to students with the timetable.

3.37

A student may underline and/or highlight passages with a coloured pen in the materials, but all other forms ofpersonal annotation on statutes and other materials permitted to be taken into the examination room arestrictly forbidden. A student may highlight different passages with different coloured pens. Students are

forbidden to attach self-adhesive notelets or index tags or any other paper to the pages of statute books orother permitted materials.

Illness during examinations

3.38 (GR)

A student who thinks that illness or other circumstances may have affected their performance in anexamination must immediately inform the Student Assessment Office ensuring that notification is receivedwithin three weeks of their last examination. A supporting medical certificate or other certification obtained atthe time of illness must be provided at the same time. Notification received more than three weeks after thedate of the last examination will not be taken into account.

Contact details for the Student Assessment Office can be found at www.londoninternational.ac.uk/contactus.

Administrative re-check of marks

See the resources section in the student portal: http://my.londoninternational.ac.uk/.

Students can request an administrative re-check of marks online, or contact [email protected].

3.39 (GR)

A student may apply to the University for their results to be re-checked if they think a mark received is due toan administrative error.

3.40 (GR)

A student who wishes to apply for an administrative re-check of marks must do so by specific deadlines andby following the procedure set out on the University of London International Programmes website.

A request for an administrative re-check of marks received after the given deadlines cannot be processed.


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5 Assessment offences and penalties

5.1 (GR)

It is an examination offence for a student to take into, or use in, the examination room any unauthorisedmaterials, aids, instruments or equipment which may be used to their advantage. A student must not take intothe examination room, or consult during the examination, any books, notes, instruments or other materials oraids that are not permitted. This includes the use of unauthorised programmable calculators or the use ofpermitted materials that have been personally annotated such as statutes. All such materials or aids must bedeposited with the Invigilator before the examination starts. A student who takes any unauthorised materials,aids, instruments or equipment into the examination room must surrender them to the Invigilator on request.Failure to comply with a reasonable request from an Invigilator constitutes an examination offence.

For further rules on materials and aids permitted in the examination, see section 4.

For fuller details on assessment offences and how to avoid them see the student handbook.

5.2 (GR)

A student must not pass any information between themselves and another student during an examination of awritten paper. This includes written, verbal and gestural communication. A student may not act in collusionwith another student or any other person, nor copy from another student, their books, notes, instruments,computer files, other materials or aids, nor engage in any similar activity. Any of these activities constitutes an

examination offence.5.3 (GR)

It is an examination offence to remove from the examination hall stationery or other materials that have beensupplied by the University or examination centre for examination purposes.

5.4 (GR)

Plagiarism is the copying and use of someone elses work, whether intentionally or unintentionally, as if it werethe students own. Another persons work includes any source that is published orunpublished includingwords, images, diagrams, formulae, audio recordings, computer code, ideas and judgements, discoveries andresults. Plagiarism is an examination offence.

5.5 (GR)

All work submitted as part of the requirements for any examination must therefore be expressed in the

students own words and incorporate their own ideas and judgements.

5.6 (GR)

Software may be used, at the discretion of the University, to assist with the detection of plagiarism in individualelements or the whole part of a students assessment 9for example assignments, projects, reports ordissertations).

5.7 (GR)

Direct quotations from the published or unpublished work of another person must always be clearly identifiedas such and a full reference to the source must be provided in the proper form. A series of short quotationsfrom several different sources, if not clearly identified as such, constitutes plagiarism in the same way as anunacknowledged quotation from a single source. Equally, if another persons ideas or judgements aresummarised, students must refer to that person in the text and give details of the work to which reference is

made.5.8 (GR)

It is an examination offence to submit work which has been written jointly by two or more persons, unlessexpressly permitted in section 4 of this booklet.

5.9 (GR)

Assignments, essays, projects, reports, dissertations and other similar work must therefore be the studentsown work and must be written without the assistance of other people, except where expressly permitted insection 3 of this booklet. A student will be required to submit a signed declaration for all such work submitted,stating that they understand what is meant by plagiarism, and confirming that the work submitted is entirelytheir own and that the use of published or unpublished works of other people has been acknowledged inaccordance with the Universitys requirements.

5.10 (GR)It is the responsibility of the student to safeguard their assignments, essays, projects, reports, dissertationsand other similar work and to prevent them from being copied by other students.


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5.11 (GR)

The examination offences listed above will be treated as cheating or irregularities of a similar character underthe provisions of the Procedures for the Consideration of Allegations of Examination Offence of theUniversitys Regulations (Regulation 1 Annex 6 and, as appropriate, Annex 7). Under these Regulations,students found to have committed an offence may have the results of their examinations withheld and may beexcluded from all future examinations of the University.

For the Universitys Regulations, see www.london.ac.uk

6 Progression from individual courses

Registration for an EMFSS programme

6.1

Students who wish to progress from an EMFSS individual course to an EMFSS degree or Diploma forGraduates cannot transfer their individual course registration, but must apply for admission to the programmefollowing the normal procedure for new applicants and must meet the normal entrance requirements for theprogramme.

6.2 (GR)

All applications for progression from an individual course to a certificate, diploma or degree will be consideredon an individual basis and permission to progress, and, where appropriate, to receive credit, will be at thediscretion of the University.

6.3 (GR)

A student who does not successfully complete the formal assessment for an individual course will bepermitted to proceed to an award provided they satisfy the entrance requirements for that award. Suchstudents may be required to cancel their existing registration and submit a fresh application for registrationand comply with the Programme Regulations for the award.

6.4

Students may register for or complete an individual course during their period of registration for a degree, butmay not receive credit for the course towards the degree or Diploma for Graduates concerned.

Credit for individual courses: all programmes

6.5 (GR)

The mark achieved for a credit bearing individual course may contribute to a related award(s), refer to thescheme of award for this/these programme(s).

Please also refer to section 8 andAppendix C

Students wishing to receive credit for EMFSS individual courses should note 6.4 and 6.10.

6.6

Students who have successfully completed an individual course or courses and who subsequentlysuccessfully apply and register for an EMFSS degree or Diploma for Graduates may receive credit for courses

taken as individual courses within the previous three years, provided the courses are available at the degreefor which they register.

6.7

Credit may only be given for individual courses where the course has been successfully completed by formalassessment.

6.8

Under no circumstances can a course taken as an individual course after a degree or diploma has beenawarded affect the marks or result of that degree or diploma.

6.9

Credit for an individual course may only be given towards an EMFSS degree or Diploma for Graduates. Nocredit is available for individual courses towards the Diploma in Economics, the Diploma in Social Sciences or

the Access route.


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6.10

Credit may only be given for individual courses towards a degree or Diploma for Graduates if the individualcourse is successfully completed before registering for an EMFSS degree.

6.11

Students who have accumulated as individual courses all the courses equivalent to the structure of anyEMFSS award programme or of the Access route may not claim the award or claim successful completion ofthe Access route for these courses.

6.12

Students who have accumulated as individual courses the courses equivalent to the structures of the Diplomain Economics, the Diploma in Social Sciences or the Access route may not transfer directly to a degreeaccording to the procedure available on successful completion of these programmes. Students who wish toprogress from an EMFSS individual course to an EMFSS degree programme must apply for admission to theprogramme following the normal procedure for new applicants and must meet the normal entrancerequirements for the programme.

Maximum number of courses for which credit may be given

6.13

The maximum number of courses for which credit may be given is:

eight full courses (or equivalent) for degrees through the Standard Route

six full courses (or equivalent) for degrees through the Graduate Entry Route

two full courses (or equivalent) for the Diploma for Graduates.

6.14

The maximum numbers of courses for which credit may be given apply to the total number of courses thatmay be imported into an award programme, including:

any individual courses the student has passed, for which credit is to be given

any courses the student has failed, but will resit as part of programme

any course for which credit or accreditation of prior learning is to be given.6.15

Two half courses are equivalent to one full course. Where credit is to be given towards a degree or Diplomafor Graduates for a half course completed as an individual course, the student must take another half coursewith which it may be paired at that degree or Diploma for Graduates to make up a full course.

Exclusions

6.16

Where two courses are described as exclusions, credit for only one of the courses may be given at a degreeor Diploma for Graduates.

Credit for individual courses: degreesPrerequisites

6.17

If a student has taken an individual course which has prerequisites when within a degree, then credit for thecourse may only be given towards a degree if:

eitherthe prerequisite has already been passed, and credit is also given for the prerequisite course(s)within the degree structure

orthe student takes and passes the prerequisite course(s) as part of the degree.

If any prerequisite rules apply for a course these are indicated with the syllabus inAppendix B.


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Other required courses

6.18

Where a course may only be taken within a degree after or the same time as another course, then credit forthe course may only be given towards a degree if:

eitherthe required course has already been taken, and credit is given for both courses within thedegree structure

orthe student takes the other required course as part of the degree.

The following courses may only be taken after or the same time as another course. Credit may only be giventowards a degree for a course listed if the student also receives credit for the course in brackets or takes it aspart of the degree.

FN3023 Investment management [FN3092 Corporate finance]

FN3142 Quantitative finance [FN3092 Corporate finance]

MT105B Mathematics 2 [MT105A Mathematics 1]

ST104B Statistics 2 [ST104A Statistics 1]

ST3134 Advanced statistics: statistical inference [ST3133 Advanced statistics: distribution theory]

Courses taken in incomplete programmes

6.19

Students who have taken and passed courses as part of an EMFSS degree or diploma programme which theyhave not successfully completed may not claim credit for these courses as individual courses.

6.20

Students who have taken a course as part of an EMFSS degree or diploma programme which they have notsuccessfully completed may cancel their registration for the programme and apply to retake the course as anindividual course provided they have not already failed two attempts at the course.

7 Marks

7.1

The Examiners will determine a numerical percentage mark for each course attempted on a scale of 0 to 100.7.2

The pass mark for courses taken as individual courses is 40.

SeeAppendix C for information on how to achieve a particular mark.

7.3

Where a student has already taken a course as an individual course and credit is later given for the coursetowards a degree or Diploma for Graduates, the Scheme of Award for the degree or Diploma for Graduateswill be applied as if the course had been taken as part of the degree or Diploma for Graduates.

7.4 (GR)

A mark or grade awarded for an individual course will not replace any mark or grade for an award already

awarded.

7.5

Students may request a transcript of their marks for courses taken as individual courses. A fee may bepayable for this.

8 Receiving the Certificate of Registration and Certificate ofAchievement

8.1 (GR)

All students registered with the University as an International Programmes student for individual courses willreceive a certificate of registration provided that:

they have complied with the Regulations in all respects and have made satisfactory payment to the University of all due fees.


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Refunds

9.7 (GR)

Students can request a cancellation of any service and a full refund of the corresponding fees paid to theUniversity by sending a request in writing (by email, fax or post) that is received by the University within 7working days of the original request for the service.

9.8 (GR)

After the 7 working day period described in 9.7, application handling fees and examination entry fees, asapplicable, are not refundable. Examination entry fees cannot be transferred from one examination to another.

9.9 (GR)

After the 7 working day period described in 9.7, registration and continuing registration fees, as applicable, arenot refundable except in the most exceptional circumstances. In these cases, a proportion of the registrationand any continuing registration fees, as applicable, which have been paid may be refunded at the discretion ofthe University, provided that:

the application is made within two years of the effective date of registration

the student has not already entered an examination

any required medical or other evidence is submitted.

9.10 (GR)

In the event that a decision is taken by the University to withdraw a programme, any applicant who has not yetaccepted an offer will be given a full refund of all fees within 30 days of their request for a refund. Allregistered students will be permitted to complete the programme according to the regulations on the noticeperiod that applies for withdrawal of all University of London International Programmes.

See paragraph 5 in Important information regarding the Programme Specification and Regulations.

9.11 (GR)

A student who registers for a programme for the first time may, at the discretion of the University, request afull refund of any fees paid for that programme for a period of up to 3 weeks after the publication of newProgramme Specification and Regulations that will apply for the academic year in which the student initiallyregistered to commence study.

9.12 (GR)

In the event that there is a maximum quota of students for admission to a programme, registration fees andcourse fees (if applicable) will be refunded in full if a student attempts to register and is unable to do sobecause the quota for that year is full.

10 Students with specific access requirements

10.1 (GR)

The University has an Inclusive Practice Policy for students with specific access requirements.

Specific access requirements include students with a disability or learning difficulty, students who are currentlyin prison and students who have legally imposed travel restrictions. For a full definition, see the Inclusive

Practice Policy, www.londoninternational.ac.uk

10.2 (GR)

As part of its policy for students with specific access requirements, the University will make every reasonableeffort to accommodate the requirements of a student with a disability and/or specific access requirements by,wherever possible, providing any study materials in a different format (e.g. large print) or another medium,and/or by making special examination arrangements. If the University is unable to provide the study materialsin the format that has been requested, the University will endeavour to make an alternative suggestion.

Special examination arrangements

10.3 (GR)

The University has a panel which considers special examination arrangements for students with a disabilityand/or specific access arrangements. The aim of the panel is to make sure that a student who has a special

examination requirement is neither disadvantaged nor advantaged when compared to other students. TheUniversity cannot guarantee that special examination arrangements will be possible in every case.


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[email protected]

10.4 (GR)

Applications for the use of special aids or for extra time in written paper examinations from students with adisability and/or specific access requirements may be considered.

10.5 (GR)

Special arrangements for written paper examinations at an ad hoc examination centre may be made in veryexceptional circumstances and then only in the United Kingdom. Arrangements cannot be made for oral orpractical examinations to be held at an ad hoc centre, although (in exceptional cases) it may be possible topermit the use of special aids. Arrangements for written paper examinations to take place in a students homecannot be made. Additional fees may be payable for arrangements at an ad hoc centre.

An ad hoc examination centre is an examination centre which is not listed as a formally approved centre. Anad hoc examination centre can be arranged in certain circumstances, subject to the Universitys approval of a

students request.

11 Complaints, suspension and termination of registration

Complaints

For more information refer to:

www.londoninternational.ac.uk/currentstudents/generalresources.

11.1 (GR)

If a student has a complaint against the University they should follow the Procedure for University of LondonInternational Programmes Student Complaints.

Suspension and termination of registration by the University

11.2 (GR)

If a student fails to pay the appropriate fees or breaches any relevant disciplinary or conduct code, the

University reserves the right to apply the Code of Student Discipline and Suspension and Termination ofRegistration of Students in Debtprocess as described in the University of London Ordinances (Ordinance 17and 18 respectively).

11.3 (GR)

A students registration may be terminated where a student is found to have obtained an offer of registrationon the basis of a fraudulent, dishonest or incomplete statement.


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Appendix A Individual courses

Notes on different types of course

H indicates half courses. Two half courses are equivalent to one full course.

P indicates courses designed to be taken after one year of undergraduate study. Minimum entrancerequirements are the same as for other courses, but applications are considered on an individual basis (seethe entrance requirements in the Programme Summary)

M indicates courses where competence in Mathematics at least equivalent to a pass at GCSE / GCE Olevel in a Mathematical subject at Grade C or above is an entrance requirement (see the entrancerequirements in the Programme Summary)

C indicates courses where coursework (or a project) forms all or a part of the assessment. For IS1060Introduction to information systems and IS3139 Software engineering: theory and application coursework or aproject counts towards the assessment in addition to a written exam. Courses GY3157 Independent

geographical study and IS3159 Research project in information systems are assessed by coursework or aproject only. Coursework must be submitted by 1 May in the year of examination.

Courses available as individual courses

Coursecode

Course title H P M C

AC1025 Principles of accounting M

AC3059 Financial management P M

AC3091 Financial reporting P M

AC3093 Auditing and assurance P MAC3097 Management accounting P M

AC3143 Valuation and securities analysis P M

DV1171 Introduction to international development

DV2169 Economic policy analysis in international development P

DV3162 Complex emergencies and humanitarian responses P

DV3165 Development management P

DV3166 Global environmental problems and politics P

EC1002 Introduction to economics M

EC2020 Elements of econometrics P M

EC2065 Macroeconomics P MEC2066 Microeconomics P M

EC2096 Economic history in the 20th century P

EC3015 Economics of labour P M

EC3016 International economics P M

EC3022 Public economics P M

EC3044 Economics of development P M

EC3099 Industrial economics P M

EC3115 Monetary economics P M

EC3120 Mathematical economics P M

FN1024 Principles of banking and finance MFN2029 Financial intermediation P M

FN3023 Investment management P M


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FN3092 Corporate finance P M

FN3142 Quantitative finance P M

GY1009 Human geography

GY1147 Physical geography: fundamentals of the physical environment

GY1148 Methods of geographical analysis H

GY2109 Geographies of development P

GY2149 Biogeography P

GY2150 Geomorphological processes P

GY2151 Environmental change P

GY2152 Hydrology P

GY2164 Economic geography P

GY3068 Society and the environment P

GY3153 Space and culture P

GY3154 Geomorphological applications P

GY3155 Biodiversity P

GY3156 Tropical land management P

GY3157 Independent geographical study P C

IR1011 Introduction to international relations

IR1034 World history since 1917

IR2084 Nationalism and international relations P

IR2085 International institutions P

IR2137 Foreign policy analysis P

IR3026 International political economy P

IR3083 International political theory P

IR3140 Security in international relations P

IS1060 Introduction to information systems C

IS1168 Introduction to computer systems architecture and programming

IS2062 Information systems development and management P

IS2136 Information systems and organisations P

IS2138 Information and communication technologies: principles andperspectives

P

IS3139 Software engineering: theory and application P C

IS3159 Research project in information systems P C

IS3167 Management and innovation of e-business P

MN1107 Introduction to business and management

MN2079 Elements of social and applied psychology P

MN3027 The law of business organisations P

MN3028 Managerial economics P M

MN3032 Management science methods P M

MN3075 Human resource management P

MN3077 Management: international and comparative perspectives P

MN3119 Strategy P M

MN3127 Organisation theory: an interdisciplinary approach P

MN3141 Principles of marketing P

MT105A Mathematics 1 H M

MT105B Mathematics 2 H M

MT1173 Algebra H M

MT1174 Calculus H M


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MT2076 Management mathematics P M

MT2116 Abstract mathematics P M

MT2175 Further linear algebra H P M

MT2176 Further calculus H P M

MT3040 Game theory H P M

MT3041 Advanced mathematical analysis H P M

MT3042 Optimisation theory H P M

MT3043 Mathematics of finance and valuation H P M

MT3071 Discrete mathematics and algebra P M

MT3095 Further mathematics for economists P M

PS1114 Democratic politics and the State(1)

PS1130 Introduction to modern political thought

PS1172 Introduction to political science

PS2082 Comparative politics P

PS3086 Democracy and democratisation P

PS3088 Politics and policies of the European Union P

PS3108 Political analysis and public choice P M

SC1021 Principles of sociology

SC1158 Reading social science H

SC2145 Social research methods P

SC2163 Sociological theory and analysis P

SC3057 Social policy P

SC3144 Historical sociology P

SC3160 Population and society P

ST104A Statistics 1 H M

ST104B Statistics 2 H M

ST3133 Advanced statistics: distribution theory H P M

ST3134 Advanced statistics: statistical inference H P M

(1)May only be chosen by a student whose effective date of registration is before 30 November 2012.

To be examined for the last time in 2014 except for a re-sit in 2015.


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statements; international framework. Economic and accounting concepts of income, capital and value withparticular reference to Hicks income concepts.

Strengths and weaknesses of historical cost accounting. Bases of asset valuation. Capital maintenanceconcepts. Current purchasing power accounting. Current value accounting systems, including combinedcurrent value/current purchasing power accounting.

Accounting for investments and groups of companies. The merger and acquisition methods. Associatedcompanies and joint ventures. Accounting for foreign currency transactions, foreign subsidiaries and

branches: the temporal and closing rate/net investment methods of foreign currency translation.Accounting for tangible and intangible assets: fixed assets and depreciation; stocks and long term contracts;research and development; goodwill. Accounting for leases. Accounting for liabilities. Accounting for taxation,including deferred taxation.

Analysis and interpretation of corporate financial reports; introduction to international differences in financialreporting.

AC3093 Auditing and assurance

Prerequisites (applies to degree students only)

AC1025 Principles of accounting.

Syllabus

Reasons for auditing. The concept of accountability. Economic demand for auditing. Auditing as a monitoringdevice.

Principles and postulates of auditing. Conditions for auditing to be possible. The concept of independence.

The legal and professional environment. Approaches to the regulation of auditing practice, in particular legalrules and professional guidelines. International regulation of auditing. (Note: candidates will be expected to beaware of the range of different approaches to auditor regulation and the general content of such regulationsbut will not be expected to know the detailed requirements of any specific countrys audit regulations.)

The duties of auditors. The changing responsibilities of auditors for fraud detection and financial statementattestation. The extent of auditors duties to primary clients and third parties. The expectations gap betweenwhat users of financial statements believe the audit provides and what the audit is capable of offering. Auditorliability and the case for and against limiting liability. Different levels of assurance that may be expressed.

Audit planning. Initial assessment of the client. The engagement letter. Risk-based approaches. Identificationof key areas of audits and assurance services. Analytical procedures.

Conduct of audits and assurance services. The concept of evidence. Compliance and substantive testing. Theconcept of internal control. Identifying key controls and testing them. Statistical and other samplingapproaches to testing. Specific audit techniques, such as observation, directional testing, cut-off tests, third-party confirmations. The application of techniques in the context of the main revenue and cost activities of theenterprise. Auditing the balance sheet. The significance of management representations. Assessment oferrors and weaknesses. Documenting the audit or assurance service, preparation and review of workingpapers.

Computer-based systems. Auditing round and through the computer. Internal control in a computerenvironment. Computer-assisted audit techniques. The use of computers in conducting the audit or assuranceservice, in particular spreadsheets, word-processing and automated working papers.

The report of the auditors or assurance service providers. The form and content of the auditors report. Thequalified auditors report.

Current developments in auditing and assurance services. Audit committees. Internal audit. Managementaudit. The economic value of auditing to society. The spread of auditing and other assurance services intonon-financial contexts: the Audit Society.


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AC3097 Management accounting

Notes

This course will be examined by one unseen written paper of three hours and 15 minutes.

Students may bring into the examination hall their own hand held electronic calculator. If calculators are usedthey must satisfy the requirements listed in Section 3 Assessment.

Accounting paper will be provided.


AC1025 Principles of accounting.

Syllabus

This course is designed to give students a grounding in the key concepts and techniques of managementaccounting, and to prepare them for the use of recent innovations in the management accounting function.

Traditionally concerned with the recording and measurement of costs, management accountants haveincreasingly become concerned with supporting the management of organisational strategy. This entailed theinclusion of non-financial information in management accounting reports that are becoming increasinglytailored to organisational circumstances. Underlying this work of information provision is a core of economicprinciples, to which reference is made throughout the course.

The syllabus is arranged in three parts. The first section introduces traditional and contemporary functions ofmanagement accounting and some of the key economic concepts underlying management accounting. Thesecond section covers costing principles and costing systems, with some recent managerial applications, suchas Activity Based Management. The third section puts costing principles and systems into context byexplaining what roles they would play as part of an organisations performance measurement and strategicmanagement accounting systems.

Section 1

Modern management accounting: Overview; Definition; Traditional management accounting; Ongoingchanges; The new management accounting function.

Decision-making: Economic foundations; Uncertainty; The value of information; Relevant information andrelevant costs.

Section 2

Cost behaviour: Cost terminology; Cost behaviour; Fixed & variable costs; CVP (cost-volume-profit analysis);Cost estimation.

Costing and pricing: Direct vs indirect costs; Short-term decisions with one scarce resource; Linearprogramming; Shadow prices and opportunity costs.

Budgeting and control: Budgets; Control; Direct and indirect cost variances; Variance analysis; BeyondBudgeting.

Traditional cost systems: Systems in accounting; Job, batch & process costing; Overhead allocation;Overhead absorption; Accounting for inventory; FIFO; Weighted average method.

Activity Based Costing (ABC): Overhead creep; Product diversity and accounting uniformity; Cost attribution;Cost pools; Cost drivers; Activity analysis; Implications for pricing; Activity Based Management (ABM);Problems with ABC.

Inventory costing: Standards; Actual, normal & standard costing; Standard costing systems; Output levels andprofits; Production volume variance; Absorption (or full) costing; Marginal (or direct) costing; Over and under-applied overheads; Income effects.

Section 3

Performance measurement systems: Divisional performance measurement; Components of the performancemeasurement system; Responsibility centres; Financial measures; Transfer prices; Shareholder valueconcepts; Non-financial performance measures.

Strategic management accounting: Introduction to strategy; Target costing; Life cycle costing; Cost of quality;The Balanced Scorecard; The future of management accounting.


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AC3143 Valuation and securities analysis

Note

Students may bring into the examination hall their own hand held electronic calculator. If calculators are usedthey must satisfy the requirements listed in Section 3 Assessment.


AC1025 Principles of accountingandFN1024 Principles of banking and finance.

Syllabus

This course covers three broad topics: financial analysis, securities valuation, and returns to fundamental andtechnical analysis.

Introduction

Introduction to the analysis framework using financial statements: The setting: investors, firms, securities, andfinancial markets. The framework for analysis. Business strategy analysis. Accounting analysis. Financial

analysis. Prospective analysis.Introduction to stylised financial statements: Stylised profit and loss, balance sheet, and cash flow statements.Accounting relations governing the stylised financial statements.

The Framework for Analysis: Industry analysis. Competitive strategy analysis. Sources of competitiveadvantage. Achieving and sustaining competitive advantage.

Financial analysis: performance evaluation: Concept of comprehensive earnings. Earnings and stock returns.Bottom line profitability. Cost of equity capital. Concept of residual earnings. Business profitability. Economicvalue added. Link between business and bottom line profitability. Accounting rates of return and stock rates ofreturn. Determinants of business profitability. Business profitability and free cash flows.

Accounting analysis: Overview of the institutional framework governing financial reporting. Factors influencingaccounting quality. Assessing the quality of accounting.

Prospective performance evaluation and valuation: Forecasting: simple forecasting and full information

forecasting. Empirical evidence on the behaviour of accounting rates of return, residual earnings, economicvalue added, financial leverage, and determinants of business profitability. Present value of expected residualearnings.

Securities valuation

Securities valuation: Introduction to valuation methods based on dividends, free cash flows, residual earnings,and economic value added. Inferences on valuation accuracy. Comparison of valuation methods: empiricalevidence.

Implications for price-to-earnings and price-to-book ratios: Determinants of price-to-book ratios. Residualearnings growth. Determinants of price-to-earnings ratios. Empirical evidence. Strategic taxonomy.Implications of strategic taxonomy for price-to-book and price-to-earnings ratios. Empirical evidence on thejoint distribution of price-to-book and price-to-earnings ratios.

Financial Information and Stock Prices: Usefulness of earnings to investors: the empirical evidence fromcapital markets research. Earnings response coefficients. The Lev critique. Competing hypotheses to explainthe earnings response conundrum. Relevance of financial versus non-financial information. Application tointernet stocks.

Applications

Mergers and acquisitions:Motivation for mergers and acquisitions. Strategic and financial analysis of mergersand acquisitions. Acquisition pricing. Accounting issues. Acquisition financing. Acquisition outcome.

Credit analysis and distress predictions:The market for credit. The credit analysis process. Financial analysisfor credit evaluation. Prospective analysis for credit analysis. Financial analysis and public debt. Predictions offinancial distress and turnaround.

Empirical Evidence on Returns to Fundamental and Technical Analysis

Measuring returns to active investment strategies:Introduction to common performance measures. Conceptsof abnormal return. Measures of market timing ability


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Returns to fundamental analysis:Contrarian strategies. Implications of current earnings for future earnings. Dostock prices fully reflect information in accruals and cash flows about future earnings? Earnings managementand the long run performance of IPOs.

Returns to technical analysis:Contrarian strategies. Momentum strategies. Reconciliation of empiricalevidence.

DV1171 Introduction to international development

Syllabus

Part 1: A framework for the courseIdeas of development: Enlightenment origins; academic specialisation and colonialism; ideas ofdevelopment after 1945.

Part 2: Theories of developmentTheories of the State and market: Founding theories of the state; theorizations since 1945; founding theoriesof the market; theorizations since 1945.Theories of institutions and civil society: Founding theories of institutions; recent theorizations; foundingtheories of civil society; theorizations since 1945.The origins of Capitalism and the rise of the West: Why Europe?; the non-European world and early Europeanimperialism; the age of empire.The rise and fall of the era of national development: The Cold War and the Long Boom; political independenceand Third Worldism; the crisis of the 1970s and its consequences.

Part 3: Key themes in development policy and practiceLate development and industrial policy: Industrialisation meaning and early approaches; implications forother aspects of development; late industrial policies; managing trade and investment.Agrarian change and rural development: Land reform and agrarian reform; the Green Revolution; newerapproaches to rural development.Governance and public policy: Governance; Governance and corruption; understanding democracy;democracy and economic growth; democracy and poverty.The international order: Understanding globalisation; how old is globalisation?; how does globalisation affectdevelopment?; has globalisation affected poverty and inequality?; understanding the international system

the United Nations, World Bank and International Monetary Fund.

DV2169 Economic policy analysis in international development

Exclusions

May not be taken with EC3044 Economics of development


DV1171 Introduction to international development.

Syllabus

Introduction and course overview

Introduction to quantitative analysis of development policiesOverview designed to give students a nontechnical but operational ability to read and comprehend empiricalanalysis commonly used in the quantitative evaluation of development policies. Each chapter will assign atleast one empirical paper.

Economic Growth: Basic concepts, ideas and theories.Neoclassical (Solow) growth and Endogenous growth models; aggregate economic growth and globalinequality, poverty traps. Evidence for alternative mechanisms driving growth.

New directions in growth theory.The implications of firm heterogeneity and weak links in intermediate goods sectors. Economic Geography.


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Biodiversity:Biodiversity; summary of key issues and the difficulty of measurement and control; theemergence of CITES and CBD as examples of biodiversity policy.

Forests: Why forests are different from biodiversity; timber and logging; the problem of logging and illegallogging; the role of peoples groups in forest politics; connections with climate change policies

Conclusion: rethinking global environmental politics: The role of states, non-states, and expertise inenvironmental policy; the dilemmas of following models of global governance; where next

EC1002 Introduction to economics

Syllabus

Introduction

The Economic Problem; production possibility frontiers, specialisation and trade, comparative advantage.

Microeconomics

The Theory of Consumer Behaviour: rationality, revealed preferences and utility, indifference curves, utilitymaximisation, demand functions, substitution and income effects, substitutes and complements, demandelasticity.

The Theory of the Firm: technology and production functions, returns to scale, returns to factor of production,the law of diminishing marginal return, iso-qants and iso-cost, profit maximisation, cost functions, thedistinction between the long and the short run, fixed and variable costs, behaviour of the firm in the long and inthe short run, the firms supply function.

Markets: demand and supply, equilibrium, competitive industry (the competitive firm, entry and exit, short-runand long-run equilibrium, some comparative statistics), monopoly (the firm, monopoly and competitiveequilibrium compared, natural monopoly), monopolistic competition (the different nature of the market, thefirms behaviour, the role of entry).

Factors Market: demand and supply of labour (utility maximisation and the supply of labour, profitmaximisation and the demand for labour), factors affecting labour market equilibrium (unions).

Coordination and Welfare: General equilibrium of a competitive economy, Pareto optimality, market failures,government interventions in a partial equilibrium context (indirect taxation, its inefficiency and the burden oftaxation), the problems of social choice, consume

File 2 - EMFSS Programme Specification and Regulations

Documents

Transcript of File 2 - EMFSS Programme Specification and Regulations