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University of Calabar - UNICAL

speciality: Accounting & Finance

3.0

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.

5 Student Reviews

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  • Accounting
    Emmanuel
    Not good enough

    The University has a lot of flaws, ranging from the bad WiFi to the terrible lecture venues and the unkept library. The lecturers don’t do much when it comes to student understanding courses. They just teach and don’t bother explaining.

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    Programme: Accounting
    Degree: Short Course
    Graduation: 2023
    Delivery Type: On Campus
    Campus: Calabar
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  • Accounting
    Brenda
    About the University of Calabar

    The University of Calabar is one of the best universities in Nigeria and can offer direct entry through jupeb and pre-degrees. The infrastructure is good. The space is clean with a cafeteria and hygienic bathrooms. Overall the college is good and well maintained.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2022
    Delivery Type: On Campus
    Campus: Calabar
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  • Accounting
    avatar
    Mediocre standards

    Final year student here!. To be honest, it’s not a poor school; rather, it’s just mediocre and has the potential to be much better. The school is operated by extremely unreliable individuals, and money is frequently misappropriated and embezzled by these individuals, with occasionally negative effects on the students, programs, building structures, and amenities. However, it’s a well-liked school that attracts students from the neighborhood. Student life is always active in Calabar since it is a beautiful city with wonderful residents and a vibrant environment. Since accountants are required in all occupations and walks of life, the job prospects for my field of study are currently very good.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2022
    Delivery Type: On Campus
    Campus: Calabar
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  • Accounting
    Amanda
    Inadequate Facilities

    UNICAL is a messed-up institution. It’s as though the instructors go out of their way to irritate pupils. There are more professor offices than there are lecture halls.
    Due to a scarcity of venues, students are crammed into hallways during sessions.

    We have few practical gear, pay practical dues every semester, yet there is no new practical equipment.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2022
    Delivery Type: On Campus
    Campus: Calabar
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  • Accounting
    avatar
    Manner of approach

    The school just enlist students into it without even caring about what they want to study for e.g me studying accounting left to the teachers it’ll be very smooth cause they turn up for classes and make sure to get everyone in sync too but now the university as a whole will be your hindrance to a smooth education…the university has so many payment schemes for students which are unnecessary like you have to register for your courses at the bank even exams you’ll still pay in the bank before you can sit for exams and since this whole exercise is carried out by the students of the school the school’s microfinance bank is usually filled up daily cause even till the end of the semester some people don’t get to pay these dues set up by the school and it’s so annoying….. wish they could focus More in teaching than making up excuses to collect money from students everytime.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2026
    Delivery Type: On Campus
    Campus: Calabar
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    12 Jul, 2022
    Chara
    Chara
    Does Unical have any rules regarding dressing for accounting students?

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