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University of Toronto - UofT

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.

8 Student Reviews

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  • accountancy
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    A Life-Altering Journey at UofT

    My time at the University of Toronto has been nothing short of life-altering. The exceptional education, world-class faculty, and vibrant campus community have shaped me into a confident and well-rounded individual. From thought-provoking lectures to engaging discussions, every moment in the classroom has expanded my intellectual horizons. The university’s commitment to research and innovation provided me with unparalleled opportunities for growth. Beyond academics, the diverse student body and vibrant extracurricular activities fostered lifelong friendships and personal development. As a graduate of the University of Toronto, I am proud to be part of an institution that has truly transformed my life.

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    Programme: accountancy
    Degree: Bachelor's
    Graduation: 2020
    Delivery Type: On Campus
    Campus: Toronto
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  • Accounting and ...
    Economics
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    Team Work

    The university’s commitment to team work extends beyond its staff and faculty to encompass its student body. By emphasizing teamwork and shared goals, University of Toronto nurtures a sense of unity among its students, empowering them to work together for the common good. This collaborative spirit not only benefits the academic community but also prepares students for future endeavors where teamwork and cooperation are essential for success.

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    Programme: Accounting and Economics
    Degree: Bachelor's
    Graduation: 2027
    Delivery Type: On Campus
    Campus: Toronto
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  • Accounting and ...
    Economics
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    a university that teaches you resilience

    The University of Toronto stands as a beacon of academic excellence, but beyond its scholarly prowess lies an invaluable lesson woven into the fabric of student life: resilience.

    Amidst the bustling metropolis, this esteemed institution becomes a crucible where students forge not just their academic careers but also their resilience in the face of challenges. The rigor of coursework, diverse campus culture, and the vibrant city atmosphere collectively shape a unique educational journey—one that goes beyond textbooks and lectures.

    At U of T, resilience isn’t just a buzzword; it’s ingrained in the student experience. The academic programs, designed to push boundaries and foster critical thinking, challenge students to navigate complexities and emerge stronger. Be it the late-night study sessions at Robarts Library or the discussions in multicultural classrooms, every facet of university life nurtures a tenacity that becomes a defining trait for graduates.

    Furthermore, the university’s commitment to inclusivity and diversity nurtures resilience in a broader sense. Interacting with individuals from various backgrounds and perspectives equips students with adaptability, empathy, and the ability to thrive in a globalized world.

    The support network at U of T is another pillar of this resilience-building environment. Professors, advisors, and peers form a community that rallies around students during both triumphs and setbacks. Whether it’s academic guidance or mental health resources, the university fosters an environment where seeking help is encouraged, reinforcing the idea that resilience isn’t just about individual strength but also about knowing when and how to seek support.

    Beyond the academic realm, Toronto itself becomes a laboratory for resilience. The city’s diversity, pace, and opportunities challenge students to navigate a dynamic urban landscape, fostering adaptability and fortitude crucial for life beyond graduation.

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    Programme: Accounting and Economics
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: On Campus
    Campus: Toronto
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  • Accounting
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    Rigorous But Rewarding

    As a student at the University of Toronto Mississauga campus, I’ve found the Accounting Specialist program to be a rigorous yet rewarding path. The smaller size of the UTM campus has afforded me a more personalized educational experience, where professors are accessible and the community feels tight-knit. My studies have laid a strong foundation in accounting and economics, setting me up for success in advanced courses that mirror the professional accounting world.

    The program has challenged me to think critically and strategically, fostering skills that are crucial for a career in accounting. Courses like Management Accounting and Equity Valuation and Analysis have not only taught me to interpret financial statements but also to understand the underlying business processes. The capstone course in Critical Thinking and Decision Making has been particularly impactful, honing my analytical skills to prepare for real-world financial challenges.

    The campus itself is a blend of vibrant student life and serene natural beauty, which makes coming to class something I look forward to. I’m confident that upon graduation, I will be well-prepared to pursue my Chartered Professional Accountant designation, thanks to the comprehensive education I’ve received at UTM.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2026
    Delivery Type: On Campus
    Campus: Mississauga
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  • Accounting
    avatar
    Opportunities

    This school is very academically challenging and competitive. If you are someone who thrives in these conditions, then this is the place for you. The people here are very kind and helpful. There are many opportunities to gain experience in different areas, but you need to be proactive and seek them out. Classes are large in the first year, but they become smaller as you take more advanced classes and specialize in your studies

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2025
    Delivery Type: On Campus
    Campus: Toronto
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  • Accounting
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    I've made the best decision in my life!

    I have had a great experience in the accounting program at the University of Toronto. The professors are knowledgeable and engaging, and the coursework has been challenging but rewarding. I particularly appreciate the opportunity to participate in case studies and work on real-world projects, as it has helped me to apply the concepts that I have learned in the classroom to practical situations.

    One of the highlights of the program has been the access to a wide range of resources and support services. The Career Center has been particularly helpful in guiding me through the job search process, and I have had the opportunity to attend several networking events and workshops to help me build my professional skills.

    In general, I highly recommend the accounting program at the University of Toronto to anyone interested in pursuing a career in this field. It has provided me with the knowledge and skills that I need to succeed, and I am confident that it will do the same for others.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2022
    Delivery Type: On Campus
    Campus: Toronto
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  • Actuarial Science
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    Resources and the excellent fellows

    I recommence this university for its resources on campus. You can find mental health, career centers and all kinds of support at UofT.
    I am constantly inspired by my fellows. Their creativity and vision motivate me to become a more remarkable person and foster my ambition to change the world.

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    Programme: Actuarial Science
    Degree: Bachelor's
    Graduation: 2025
    Delivery Type: On Campus
    Campus: Toronto
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  • Accounting
    Chelsey
    Amazing adventure and Experience

    The university of Toronto provides students with great opportunities to explore and acquire knowledge and critical skills necessary in the job market. The people I met were sociable and easy to interact with. It offers a rich history that students can learn and get to adventure. The lecturers are outstanding and good at their work

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2018
    Delivery Type: On Campus
    Campus: Toronto
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