The Department is responsible for accounting and finance teaching at all academic levels, providing teaching on certificate, diploma, undergraduate and postgraduate programmes. Not surprisingly, given the professional community from which its members are drawn, it is the most homogeneous of all the departments in terms of the functional areas in which the members specialise - both in teaching and research.
Contact details: To contact the Department of Accounting and Finance, please email our Department Secretary, Cathy Playle.
Dr Martin Upton and Professor Janette Rutterford contributed to the recent OU/BBC series 'Banker', which looks back over the past five years since the financial crash, covering scandals, bankers' pay, tax-payer bail outs and more.
Staff members are interested in various areas of finance and accounting research, including international accounting, the use of accounting information in decision making, the history of taxation, taxation from an interdisciplinary perspective, public sector issues such as the financial structure of NHS trusts, management accounting and control, pension funds, modern equity analysis techniques, the history on investment, trust relationships in banking and accounting education both through distance learning and in the professions.
The main thrust of the Department is towards empirical research, concentrating primarily on case studies. Use is also made of financial databases to develop more analytic methodologies.
(2013) 'Shareholder wealth creation following M&A: evidence from European utility sectors', Applied Financial Economics, vol. 23, issue 10, pp. 891-900.
Teaching responsibilities include responsibility for or contributions to:
The Head of the Department for Accounting and Finance is Martin Upton, whose teaching and research interests include financial markets, financial risk management and the UK housing sector.

Was recently successful in receiving funding from the CIMA Chartitable Trust to undertake research into the management accounting practices of SMEs.
Dr Michael R Lucas’s funding success from CIMA
Dr Michael R Lucas, Senior Lecturer in Accounting was successful in receiving some funding from the CIMA Chartitable Trust to undertake research into the management accounting practices of SMEs (small, medium-sized enterprises).
This research resulted in the publication of a Report by CIMA entitled Management accounting practices of UK SMEs: improving SME performance through management accounting education. Download this report directly from the CIMA website.
Martin Upton is lecturer in finance and Head of the Department of Accounting and Finance at The Open University Business School. Read his article contributions on OpenLearn. Martin Upton.