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lse.ac.uk/accounting
lse.ac.uk/finance
UCAS code: NN34
Programme requirement: GCSE pass at grade A or above in Mathematics, or A level at grade A or above in Mathematics (or equivalent). No specific subjects are required at A level, although candidates normally have A level Mathematics (or equivalent). Candidates offering A level(s) in the humanities are encouraged to apply. Those candidates who do not have A level Mathematics (or equivalent) should be prepared to develop their mathematical skills, and will take tailored first-year courses in mathematics and statistics
Usual standard offer: A level: grades A A A
International Baccalaureate: Diploma with 38 points including 6 6 6 at Higher level
Other qualifications are considered
For further details, see lse.ac.uk/ug/apply/acc
Applications 2015: 1,851
First year students 2015: 120
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First year:
(* half unit)
† Choice will depend on your previous level of mathematics.
Second year:
Third year:
Please note that not every course is available each year and that some courses may only be available with the permission of the course convenor and/or may be subject to space.
You can find the most up-to-date list of optional courses in the Programme Regulations section of the current School Calendar.
You must note however that while care has been taken to ensure that this information is up to date and correct, a change of circumstances since publication may cause the School to change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to exceptional circumstances or events outside of its control. You must also note that places are limited on some courses or programmes of study and/or subject to specific entry requirements. The School cannot therefore guarantee you a place. You should visit the School’s Calendar, or contact the relevant academic department, for information on the availability and/or content of courses and programmes of study. Certain substantive changes will be listed on the lse.ac.uk/cal/ug/updates page.
Programme details
First year
The first-year specialist introductory course, Elements of Accounting and Finance, will bring you into contact with students from other departments who can take it as an option. The aim of the course is to introduce students to the preparation, uses and limitations of accounting information and to some issues in finance and investment. You will take Economics A or Economics B, depending on your economics background. Economics B is only for students with A level Economics or equivalent.
Your choice of quantitative methods courses will depend on your background in mathematics. Those without A level mathematics or equivalent take Statistical Methods for the Social Sciences, a foundation in elementary statistical methods, theory and statistical reasoning. Those with A level mathematics or equivalent take either Quantitative Methods (Mathematics) and Quantitative Methods (Statistics), which together develop the basic mathematical and statistical tools necessary for further study in economics, finance and related disciplines, or Elementary Statistical Theory, which provides a precise treatment of introductory probability theory, statistical concepts, methods and techniques.
If you have selected Elementary Statistical Theory in the first year, you must take Mathematical Methods as your fourth course. This is an introductory-level course for those who wish to use mathematics seriously in social science, or in any other context. If you have selected Statistical Methods for the Social Sciences in the first year, you must take Basic Quantitative Methods as your fourth course. This is designed to provide students who do not have A level Mathematics or equivalent with the elementary mathematical tools that are needed to study economics and finance. If you have chosen Quantitative Methods (Mathematics) and Quantitative Methods (Statistics) in the first year, you choose your fourth first-year course as an outside option from a wide range taught in other departments in subject areas including anthropology, economic history, geography, law, mathematics, philosophy, politics, psychology and sociology.
Second year
There are two core accounting and finance courses in the second year. Managerial Accounting focuses on planning and control in organisations and operational and strategic decision-making, including an assessment of emerging topics. Principles of Finance examines companies' longer term investment decisions, and the ways in which these may be financed in the financial markets. You take a further course in economics, either Microeconomic Principles or Macroeconomic Principles. These are intermediate courses in microeconomic and macroeconomic analysis.
You will select a fourth course from a range of options including Introduction to Econometrics, Organisational Theory and Behaviour and Operational Research Methods. Alternatively, you may choose another approved course. If you wish to gain exemptions from professional accountancy examinations you will normally need to take Commercial Law as an option.
Third year
A compulsory core course, Financial Accounting, Analysis and Valuation, provides an insight into the theory and practice of corporate financial reporting to investors and other interested parties, and the use of accounting information in business analysis and valuation.
You take two further accounting and finance courses, one in accounting and one in finance, in your third year. The accounting course is chosen from either Management Accounting, Financial Management and Organisational Control (financial control, organisational structure, performance measurement and incentive systems, budgetary control and financial management in public sector and not-for-profit organisations), or Auditing, Governance and Risk Management (the theory and practice of auditing, its role in corporate governance and risk management, and its legal and social environment).
There is a choice of finance courses covering areas such as corporate finance, investments, portfolio management, financial risk analysis, financial risk management and derivatives pricing. Your fourth option allows you to take a further course in accounting and finance, or another course from a wide range offered by other LSE departments.