BSc (Hons) in Accounting & Finance
What is the Course About?
This specialised degree concentrates on the practical application of accounting and finance theory. The content is designed to allow you to gain major exemptions from the examinations of the key professional accounting bodies in the UK (ICAEW/ CIMA/ACCA/CIPFA).
Lecturers at UCM are members of the professional bodies for their specialist subject and have had experience working here in the island or further afield, bringing the real- world application of theories into the classroom. Close working relationships with the University of Chester and local organisations provide students with varied opportunities for work-based learning.
What subjects will I study?
Two key themes - Financial Accounting and Management Accounting run through each of the three years of study. In addition to this you will study other subjects which are important in understanding how the finance function interacts with other parts of business. Theseinclude:
Business Economics, Law & Ethics, Financial Accounting 1, Law and Ethics, Management Accounting 1, Quantitative Methods in Finance.
Financial Accounting 2- financial operations, Management Accounting 2, Managing Finance in a Digital World, Accounting Software and Information Systems, Corporate Finance, Enhancing your Employability through Work Based Learning.
Financial Accounting 3, Management Accounting 3
Strategic Finance and Accounting, Auditing
Taxation, Business Research Project, Managing Business Performance.
What are my progression and career options?
Whether you decide to continue your studies to a professional accountancy qualification or you choose to pursue a more broad business career, the skills gained by accounting and finance graduates are highly valued in the workplace, and a degree in this field will open up a world of employment possibilities. Recent graduates have entered training contracts with local accounting practices, joined fiduciary and trust providers and property investment management businesses. It will also equip you to undertake further academic study, either at UCM or other universities.
Through your studies you will acquire not only specific knowledge and skills relating to accounting & finance and business in general, but also the general transferrable skills which are highly valued and sought by employers. These include problem solving, analytical and interpretive skills, intellectual rigour and critical thinking, independence and creativity, presentational and communication skills (both oral and written), computing and IT skills, and effective time management.
Employability skills are built into the degree at every level. In the second year, you will undertake a five-week work placement, in an organisation of your choosing, on the Isle of Man or further afield. Studying on the Isle of Man also enables you to develop connections with potential local employers.
Group-work will help you to develop important skills in team-working and in project development andmanagement.
How will I be assessed?
You will be assessed by a combination of assignments including examinations, essays, business reports and oral presentations.
The variety of assessments enables you to develop a wide range of different skills throughout your degree. Due to the exemptions available, module results are heavily weighted towards a 3 hour exam for most modules.
You will need 96 UCAS points or equivalent. Alternatively, applicants who are over the age of 21 may present a more varied profile of achievement that might include relevant work experience or other qualifications.