AIM University Group

Professional Certificates, Higher National Diplomas, Postgraduate Diplomas, And Bachelor's And ​Master's Degrees

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AIMsters eClassroom
​​FALL 2020

​BUSINESS STUDY

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• INSTRUCTORS
• UNIT 1
• UNIT 5
• UNIT 7

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Your Program Success Managers are Chris-Ann Hunter and Sasha-Lee Sommers.​
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• Judith holds a Master's in Business Administration from the University of Leicester, a Diploma in Business Administration from Excelsior Community College, and she is a certified Chartered Accountant from The Association of Chartered Certified Accountants (ACCA).

 

• Chris-Ann holds a certificate from Harvard University in teaching at Higher Education, a master's degree from University Of Northampton in Business Administration, and undergraduate qualifications in Business and Tourism from University of Worcester, BTEC, and Cambridge International respectively.​


• Sasha-Lee Sommers holds a certificate from Harvard University in teaching at Higher Education, a master's degree from University Of Northampton in Business Administration, and undergraduate qualifications in Business and Tourism from University of Worcester, BTEC, and Cambridge International respectively.

Unit Title: The Business and the Business Environment
Unit Index: 1
​Level: 5
Credit Value: 15 (UK) 
Credit Value: 3   (US)
Program: Business Study

Course Description
​The aim of this unit is to provide students with background knowledge and understanding of business, the functions of an organisation and the wider business environments in which organisations operate.

Students will examine the different types of organisations (including for profit and not for profit), their size and scope (for instance, micro, SME, transnational and global) and how they operate. Students will explore the relationships that organisations have with their various stakeholders and how the wider external environments influence and shape business decision-making.

The knowledge, understanding and skill sets gained in this unit will help students to choose their own preferred areas of specialism in future studies and in their professional career.


Expected Student Learning Outcomes
By the end of this unit you will be able to: 

• 1. Explain the different types, size and scope of organisations.
  
• 2. Demonstrate the interrelationship of the various functions within an organisation and how they link to organisational structure.
  
• 3. Use contemporary examples to demonstrate both the positive and negative influence/impact the macro environment has on business operations.
  
• 4. Determine the internal strengths and weaknesses of specific businesses and explain their interrelationship with external macro factors. 
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LESSONS AND ASSIGNMENTS

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Unit Title: Management Accounting
Unit Index: 5
​Level: 5
Credit Value: 15 (UK) 
Credit Value: 3   (US)
Program: Business Study


Course Description
The overall aim of this unit is to introduce the fundamentals of management accounting which apply to the wider business environment and the organisations which operate within that environment. Students will explore how management accounting uses financial data to aid planning decisions, and the monitoring and control of finance within organisations.

On successful completion of this unit students will be in a position to present financial statements in a workplace context and be able to assist senior colleagues with financial business planning. In addition, students will have the fundamental knowledge and skills to progress onto a higher level of study.

Student Learning Outcomes
By the end of this unit you will be able to:

• 1. Demonstrate an understanding of management accounting systems.
• 2 Apply a range of management accounting techniques.
• 3 Explain the use of planning tools used in management accounting.
• 4 Compare ways in which organisations could use management accounting to respond to financial problems.

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CLASSES AND ASSIGNMENTS

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Unit Title: Business Law
Unit Index: 7
​Level: 5
Credit Value: 15 (UK) 
Credit Value: 3   (US)
Program: Business Study


Course Description
The aim of this unit is to enhance students’ understanding of how business law is applied to the running of a business organisation. Students will gain knowledge of business law and examine the impact of the law on business operations and decision-making. Throughout the unit students will identify legal solutions available to business owners and assess their suitability. Their experiences in this unit will help them better understand the different areas of law that apply. They will be able to illustrate the impact of the law on normal business operations and when registering a company and inviting shareholders to invest in it. They will gain an understanding of the law in relation to market abuse and director responsibilities. Students will be able to recognize the application of employment law between employers and employees.


Student Learning Outcomes 
By the end of this unit you will be able to:

• 1. Explain the nature of the legal system.
• 2. Illustrate the potential impact of the law on a business.
• 3. Examine the formation of different types of business organisations.
• 4. Recommend appropriate legal solutions to resolve areas of dispute.

Credit Accumulation 
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​The credit level is an indicator of the relative complexity and/or depth of learning.  Credit is awarded once you have successfully completed a course unit. The credit value of the unit considers the amount and depth of learning which you achieved. The diagram above shows an example of the credit structure for a bachelor's degree with honours. Using credit, this would be expressed as a total of 360 credits, with 120 credits at level 6.  
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 A number of credits are normally assigned to each course unit, which indicates the amount of learning undertaken, and a specified credit level indicates the relative depth of learning involved. Together, these are known as the credit value. As you progress through the program you will start to gather credit for course units that you successfully complete. This is called credit accumulation.  
 Credits are then accumulated towards the total credit required for a program of study/qualification (for example, a minimum of 240 credits is required at levels 4&5 to top-up the BA (Hons); and a minimum of 120 credits at level 7 to advance to the Master's degree top-up, and so on).

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