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Monash University

speciality: Accounting & Finance

4.8

What is an Accounting & Finance degree?

An Accounting & Finance degree focuses on the management of monetary resources available to an organization. Such a degree is aimed at students who want to pursue careers in investment analysis, management, banking, auditing, consulting and financial management. It teaches students how to assess the assets and liabilities of an organization financially and manage the financial risk of their activity.

Accounting & Finance covers the core areas of financial accounting, management accounting and finance but also includes other aspects of the business activity, such as financial management and control, corporate finance, company accounts, investment and business law. Optional module options provided by different universities around the world often allow students to specialize in a particular area such as auditing, taxation, etc.

Benefits of an Accounting & Finance degree

The completion of an Accounting & Finance degree comes along with numerous benefits. Students develop strong analytical, critical-thinking and problem-solving skills, which are highly demanded by employers in both the private and the public sector and result in graduates often finding employment in large multinational organizations that offer professional services such as PwC, KPMG and Deloitte. On top of that, established companies around the world offer excellent and well-structured graduate schemes, which help Accounting & Finance graduates to kick-start their careers.

Accounting & Finance degrees are mostly practically oriented. They allow students to put the knowledge and skills they acquire on a daily basis to practice through simulated and real-life business accounts management and work placement opportunities.

Most Accounting & Finance degrees are professionally accredited by professional bodies, such as ACCA, AIA, CIMA, ICAEW and CIPFA, which provides students with the opportunity to become chartered accountants. Students gain professional qualifications in accountancy, which eliminates the need for additional certifications after graduation.

Due to the nature of the Accounting & Finance Degree, which complements business-related subjects, students often have the opportunity to complete a joint honours degree.

Accounting & Finance Degree Structure

An Accounting & Finance degree’s duration varies depending on the country and degree level. In some countries, such as the United Kingdom, Bachelor’s degrees in Accounting & Finance can be completed in three years. However, universities also offer students the option to take a sandwich course, which allows them to undertake a year-long placement between their second and third year, which extends the course to four years. Four years is the regular time of completion of this degree in other countries, such as the United States.

The first year of a Bachelor’s degree in Accounting & Finance introduces the core principles of accounting and finance, including financial accounting, management accounting and finance as well as economics and business law. The second year’s focus is usually on managerial and business economics, financial control, corporate finance and company accounts, but optional modules might enable students to pursue their interests in other aspects of Accounting & Finance such as auditing or strategic business analysis. At this point, students studying at Higher Education Institutions in the UK could choose to take an industry placement in order to apply the theoretical concepts and the acquired knowledge to practice in the professional environment. The next stage of this degree is dedicated to further-developing students’ knowledge of financial and management accounting. Optional modules might enable students to specialize in a particular area of their choice such as auditing or taxation in some countries like the UK.

Masters’ degrees in Accounting & Finance usually take between 12 and 18 months to complete depending on the country that students choose for their studies. 

Research-based degrees, such as MPhil and PhD, can take anywhere between 1 and 7 years depending on the country and type of degree. MPhil degrees in Accounting & Finance in the UK usually take 12 months if it is studied full-time and 24 months for part-time studies. PhD degrees in the UK, on the other hand, take about 36 months to complete if studying full-time and 72 months for a part-time program. In the US, students may be required to dedicate between 4 and 7 years on their degree.

4 Student Reviews

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  • Accounting
    Abel
    international student support

    While at Monash University, I can say that the accommodation provided by the university is top-notch. The on-campus residences are modern, comfortable, and conveniently located near campus facilities. The international student support services are also excellent, providing guidance and assistance with any issues that may arise. the school offers a range of scholarships to support international students, making the cost of studying in Australia more affordable. Sports facilities are state-of-the-art. Life in Australia is exciting and diverse, with opportunities to explore the country’s natural beauty and vibrant culture. The faculty at Monash University is highly experienced and knowledgeable, providing a quality education that prepares students for their future careers. Overall, I am extremely satisfied with my experience at Monash University and would highly recommend it to any prospective students looking for a world-class education in a supportive environment.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2022
    Delivery Type: On Campus
    Campus: Melbourne
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  • Accounting and ...
    Business Finance
    Hari
    My likes and dislikes about Monash University

    My decision to pursue my higher education at Monash University was one of the best choices I’ve ever made. With its exceptional academic programs, multicultural environment, and supportive staff, Monash University has undoubtedly left an indelible mark on my academic and personal growth. My likes are the comprehensive range of academic programs offered, allowing students to explore their interests and passions. The university’s commitment to providing opportunities for experiential learning and internship. Well-structured extracurricular activities and clubs that foster personal growth and development. The Campus has convenient and easy access to public transportation, making it accessible for commuting students. The only thing I dislike about it is the limited parking space on campus, making it challenging for students who rely on their vehicles.

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    Programme: Accounting and Business Finance
    Degree: Master's
    Graduation: 2017
    Delivery Type: On Campus
    Campus: Melbourne
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  • Accounting and ...
    Business Finance
    Rajeev
    Excelletn

    Monash University’s Parkville campus in Australia is truly a remarkable place for higher education. Having had the privilege of studying there, I can confidently say that this institution offers an exceptional academic experience that is second to none.

    One of the standout features of Monash Parkville is its world-class faculty. The professors and instructors are not only experts in their respective fields but are also passionate about teaching and mentoring students. Their dedication to fostering a deep understanding of the subjects they teach creates an engaging and intellectually stimulating learning environment. The accessibility of faculty members for discussions and guidance is something that sets Monash apart.

    The campus itself is a beautiful blend of modern architecture and green spaces. The facilities are top-notch, including state-of-the-art laboratories, libraries, and collaborative spaces that cater to a wide range of academic interests. The emphasis on cutting-edge technology and resources ensures that students have all the tools they need to excel in their studies.

    One of the most remarkable aspects of Monash Parkville is its commitment to research and innovation. The university is at the forefront of groundbreaking research across various disciplines. As a student, being exposed to this vibrant research community is both inspiring and enriching. It offers countless opportunities for students to engage in research projects and gain hands-on experience, which is invaluable for personal and professional growth.

    The diverse student body at Monash Parkville creates a dynamic and inclusive atmosphere. Interacting with peers from different backgrounds and cultures enhances one’s global perspective and fosters a sense of community. The university also offers numerous extracurricular activities and clubs, ensuring that there’s something for everyone to get involved in and make lasting friendships.

    Furthermore, Monash University places a strong emphasis on employability. The career services and internship opportunities provided by the university are excellent, helping students bridge the gap between academia and the professional world. Graduates from Monash Parkville are highly sought after by employers, thanks to the university’s strong reputation and the practical skills students acquire during their time there.

    In conclusion, Monash University’s Parkville campus is a stellar institution that delivers a world-class education in a vibrant and inclusive environment. With its exceptional faculty, cutting-edge facilities, commitment to research, and focus on student success, it is no wonder that Monash consistently ranks among the top universities globally. Whether you’re a prospective student or considering further studies, Monash Parkville is undoubtedly a place where academic dreams can become a reality.

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    Programme: Accounting and Business Finance
    Degree: Master's
    Graduation: 2023
    Delivery Type: On Campus
    Campus: Melbourne
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  • Accounting
    avatar
    Monash university

    I like Monash University , because it has rigorous and responsible teachers and reasonable courses. From theory to practice and assignment arrangement, I have learned a lot of professional knowledge about my major.

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    Programme: Accounting
    Degree: Master's
    Graduation: 2023
    Delivery Type: On Campus
    Campus: Melbourne
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