Andy Lymer

Professor of Accounting Aston University

  • Birmingham

Professor Lymer is an expert in taxation, personal finance, financial wellbeing, savings policy development and applied business computing.

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1 min

Aston University accounting students recognised by software developers

Students received a certificate and micro-credential from Tim O’Reilly Tim has pioneered the creation of the first auto-marked digital cloud financial skills (DCFS) 50 students voluntarily did the online course and took the final test. Accounting students at Aston University have received prizes from the leader in cloud accounting and financial management software. Tim O’Reilly, accountants partnership manager at Sage, visited the Accounting Department on Tuesday 25 April to meet with them. Tim has pioneered the creation of the first auto-marked digital cloud financial skills (DCFS) course supported jointly by Sage and the Association of Chartered Certified Accountants (ACCA). It gives successful students a certificate and micro-credential. Aston University accounting students used it for the first time in 2022/23 guided by senior teaching fellow, Jonathan Mills. 50 students voluntarily did the online course and took the final test. Professor Andy Lymer, head of the Accounting department at Aston University, said: “Tim was really impressed with the set of results and gave prizes to the three students that performed best overall in the DCFS course and the Accounting in Practice module. “I am really pleased with the success of the first run of this digital skills course and I look forward to inviting Sage representatives to return in the summer to strategise on expanding our work together to enhance employability and digital skills.”

Andy Lymer

4 min

Aston University research to shine a light on the experience of financial uncertainty among UK households

Experts from the Centre for Personal Financial Wellbeing will examine the daily financial struggles of low to moderate income UK households The Real Accounts project will capture day-to-day financial fluctuations, understanding household money management strategies It is hoped the results will help inform policy and market innovation and debate. New research by the Centre for Personal Financial Wellbeing at Aston University will shine a light on the real day-to-day experience of financial uncertainty among UK households and help inform policy and market innovation and debate. The Real Accounts project will build an in-depth understanding of the lived experience of financial uncertainty among low to moderate income households across the country. Believed to be the first of its kind in the UK and in contrast with the snapshot data achieved by annual surveys, this long-term study will provide a fully joined-up view of household finances, capturing the day-to-day, week-to-week ups and downs, working with households to understand the situations they face and the strategies they use to manage their money. The project will be a collaboration with Nest Insight and the Yunus Centre for Social Business and Health at Glasgow Caledonian University. Experts will use a research data collection app that has been custom designed by Moneyhub to capture real-time income and expenditure transaction data over six months for a sample of around 50 low to moderate income households, combined with monthly interviewing. Professor Andy Lymer, director of the Centre for Personal Financial Wellbeing at Aston University, said: “We are really pleased to be part of this innovative project, directly focusing on real experiences of managing financial volatility and the impact that has on broader aspects of wellbeing. Too little is currently known about the scope and scale of income and expense volatility experienced by UK households. This research is really timely given people are currently facing the very significant impact of the cost-of-living crisis and often enormous uncertainty about both their incomes and their expenditures. The outcomes of this work will generate deeper understanding of what it means to experience financial challenges in reality and over sustained periods of time. It will contribute to finding better ways to help people in their everyday lives and is a perfect fit for the focus of our Centre that seeks to deepen our understanding of what matters in creating personal financial wellbeing.” Sope Otulana, head of research at Nest Insight, said: “As the rising cost of living continues to impact households across the country, and levels of household debt climb, this research is more crucial than ever. The project aims to shine a light on exactly what it is like for households today managing volatile income and expenditure, sharing their first-hand stories. While large income and expenditure datasets track individuals and their behaviour out in the world, this research puts individuals back into the contexts where their financial lives play out, focussing on the overall household – partners, parents, siblings, friends and other social connections. It will look beyond the balance sheet to also analyse social, environmental, and health factors, as well as other dynamics that can come into play and affect household finances. The research will identify trends but also capture the variation within households, recognising that there is no ‘average’ household circumstance or experience.” Alex Christopoulos, Aviva Foundation lead and senior strategic adviser and consultant, said: “Millions in the UK are struggling and worried about money. The Real Accounts research provides us with an opportunity to understand how these households are managing to get by day-to-day; the choices they make, the strategies they take and the knock-on effects this has on other areas of their life. In uncertain times, we need to better understand how people deal with fluctuations in their incomings and outgoings – and what kinds of financial support and services might enable them to build a buffer, and a plan, to deal with today’s pressures, as well as what tomorrow may bring. The Aviva Foundation is proud to be supporting Nest Insight and its partners to deliver to the Real Accounts research.” Samantha Seaton, CEO of Moneyhub, said: “It is only when we have in-depth and holistic data on a person's or household’s finances that we can truly know and begin to understand the impact of the rising cost of living. This can only be successfully achieved by bringing all of an individual's or household’s financial data together in one place, from every-day spending to long-term projects such as buying a property and saving for retirement. At Moneyhub, we’re absolutely delighted to be providing our cutting-edge technology to enable Nest Insight and its partners to collect and analyse this crucial data. We know from our own users the pressure that the current economic situation is placing on them, with many unable to save resorting to borrowing to get by each month. Having thorough data and insight will enable any solution to be highly personalised in its approach and have a much more positive impact on those that require it most. Ultimately the more real-time financial data points, the more informed the decisions can be. It has always been our purpose at Moneyhub to improve financial wellness, and this project is just one example of how we’re using Open Finance to do exactly that.” You can find out more about the project here.

Andy Lymer

3 min

Aston University teams up with nationwide accountancy firm to boost audit practices with data analytics

The management Knowledge Transfer Partnership (mKTP) with Beever and Struthers will help drive the firm’s digital transformation The 30-month programme will specifically aim to develop, embed and exploit smart data driven technologies It will enable the business to increase quality, productivity and capacity. Aston University has begun a management Knowledge Transfer Partnership (mKTP) with nationwide accountants and business advisors Beever and Struthers to help drive the firm’s digital transformation. A management Knowledge Transfer Partnership is built around identifying strategic management-based initiatives to increase business effectiveness and improve management practices. As part of the mKTP, led by Aston University in collaboration with Professor Brian Nicholson and Dr Sung Hwan Chai (Alliance Manchester Business School), Dr George Moyenda Salijeni (Aston Business School) and the team will conduct a comprehensive evaluation of Beever and Struthers' existing data systems. Following the assessment, specific methodologies will be proposed to ensure alignment between the mKTP and the firm's ongoing data systems. The 30-month programme will aim to develop, embed and exploit smart data driven technologies within the audit function, enabling the business to increase the quality, productivity and capacity to deliver additional insight and value to clients. Dr George Salijeni, a lecturer in accounting at Aston Business School and an expert in data analytics tools used in external audits and knowledge base supervisor in the mKTP, said: “This mKTP offers an opportunity to share and utilise knowledge and technical exposure which academics at Aston University and Alliance Manchester Business School have gained and generated over the years through undertaking multi-disciplinary research and engagements with practitioners and audit regulators on data driven technologies which include artificial intelligence. Potentially, this project generates insights, workflows which could impact and transform the way audits are performed by leveraging data driven analytics tools and models.” Michael Tourville, partner at Beever and Struthers, said: “Given that the business has been around for up to 125 years it is quite traditional in its approach, but we are now keen to embrace the opportunities that a truly digital transformation could offer. Although we are a firm with a long history, we are also an entrepreneurial business and are keen to grasp opportunities when we see them. This mKTP is all about giving our clients more insight and helping us navigate data far better too. The main improvements for us will come from increased efficiency and insight, but we will also be able to further improve the quality of the service we offer.” Professor Andy Lymer, head of the Accounting Department at Aston University, said: “Digital approaches to accounting are increasingly at the heart of how the accounting industry works – and therefore increasingly at the heart of what we teach and research related to this industry and its practices. This extremely innovative project will enable us to work with the partners in this programme to go in depth into an organisation exploring how the use of the latest developments in the use of digital tools such as advanced data analytics can further enhance the processes of audit. The experience and knowledge gained in this work will be brought back into the classroom for our students to benefit from also.”

Andy Lymer
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Biography

Andy joined the Accounting Department, Aston University in March 2021 and prior to this had an extensive career at the University of Birmingham Business School where he worked for over 25 years, working in a variety of roles including the Director of Business Development. He was also the Director of the Research Centre on Household Assets and Savings Management (CHASM). From 2012 - 2016, he was the Deputy Head (Associate Dean) of the School, was Interim Head of School during 2012. For the four prior years he was the Head of the Department of Accounting and Finance. He researches and teaches in the fields of taxation (UK, comparative and international taxation), of personal finance (financial education/literacy/capability and financial wellbeing) and information systems (particularly the use and impact of the internet). He has held visiting positions at various institutions in the USA and in Australia. For three years he led the Tax Development Programme of HM Treasury.

He currently holds positions of Honorary Professor at the University of South Africa and is an Honorary Research Associate bot of the Fin-Ed Centre at Massey University in New Zealand and of the Centre for Household Assets and Savings Management (CHASM) at the University of Birmingham. He is the current Chair of the Tax Research Network (TRN).

Areas of Expertise

Financial Literacy
Applied Business Computing
Business Reporting
Higher Education
Taxation
Personal and Family Finances
Savings Policy Development
Financial Wellbeing
Pensions and Later Life Finances

Education

University of Wales - Aberystwyth

M.Phil

Accounting & Computer Science

1991

University of Wales - Aberystwyth

B.A.

Accounting & Computer Science

1990

Media Appearances

Aston University financial wellbeing expert helps launch new website on social care funding

Health Matters  online

2022-02-15

An Aston University financial wellbeing expert has helped launch a new website which aims to help people understand and navigate the social care system.

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Aston University welcomes financial wellbeing expert to Aston Business School

Aston University  online

2021-03-30

Aston University is delighted to welcome Professor Andy Lymer to Aston Business School. Andy’s research interests lie in the areas of taxation, personal and small business financial wellbeing and of business computing...

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Neighborhood Wellbeing and a Sense of Community is at the Heart of a Good Home, Say Researchers

Science Daily  online

2018-03-16

Professor Andy Lymer, Centre on Household Assets and Savings Management, University of Birmingham, explained: ‘There’s an affordability crisis in the housing system and financial challenges are driven by government policy (the loss of grant and changes to how developers can discharge their Section 106 obligations), as well as the cost of land in the ever-rising housing market....

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Articles

Personal Savings for Those on Lower Incomes: Towards a New Framework for Assessing the Role of the State in Relation to Savings Schemes

Social Policy and Society

2021-01-21

This article explores the role of the state in helping households to save. Using the UK as an example of challenges faced in other developed countries, it develops a framework for comparing saving schemes along two dimensions: apparent normative motivation for the scheme and likely impact on savers of varying income levels.

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‘Tenant’s Journey’–Social Housing and Subjective Wellbeing Research work with EDDC and LiveWest–Final Report

EDDC and LiveWest

2020
Social housing in England has often been treated as a tenure of last resort. As a result, much of the political and policy debate about social housing has revolved around negative narratives of dependency and social disadvantage, with social tenants labelled and stigmatised.

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Improving Tax Literacy and Tax Morale in Young People

Chartered Institute of Taxation

2019
This research considers socio-demographic influences and the impact enhancements to financial and tax literacy may have on young adults’ tax morale. It also considers the subjects’ perceptions of tax compliance and tax administration.

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