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Obafemi Awolowo University - OAU
speciality: Accounting & Finance

4.2

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.

6 Student Reviews

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  • Accounting
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    Obafemi Awolowo University

    I like the school because it’s taught about learning and culture but the dislike is about the hostel accommodation,there’s no enough hostel on campus to accommodate students and I must say OAU is the most beautiful campus in the whole African

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2024
    Delivery Type: Blended
    Campus: Ile-ife
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  • Accounting and ...
    Management
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    Africa's most beautiful campus

    Africa’s most beautiful campus! This university offers stunning campus, engaging classes, passionate professors, and vibrant campus life. Sports and culture thrive here! A holistic education experience that shapes winners. Highly recommended!

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    Programme: Accounting and Management
    Degree: Bachelor's
    Delivery Type: On Campus
    Campus: Ile-ife
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  • Accounting and ...
    Management
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    I would rate OAU 4 of out of 5 stars.

    Generally speaking Obafemi Awolowo University is most times regarded as the Harvard of Africa because of its topmost standard. Thus, in my opinion, I would say Obafemi Awolowo University which is one of the best school in Nigeria is an institution that enshrines learning and culture and offers a conducive learning environment to its students. The Institution is renowned in history for its moral and academic excellence. The lecturers are well equipped, friendly and encourage students to emulate good values.
    Some of my likes include;
    The structure of the faculties the library building, the religious ground, the popular spider building, the amphitheater housing about 5000 students and it’s lecture halls and landscape.

    The beautiful serene campus environment filled with students.

    The strong alumni network and bond, which includes providing of mentorships, opportunities and scholarships.

    Some of my dislikes includes;
    The hectic and beaucratic Procedures which could be worrisome and frustrating.

    The strikes and protests

    Based on my experience as an alumni, I would recommend Obafemi Awolowo University to anyone aspiring to have a qualitative and quantitative education rich in culture, morals, experience, connection and support. While also providing a conducive environment for learning.

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    Programme: Accounting and Management
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: On Campus
    Campus: Ile-ife
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  • Accounting and ...
    Finance
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    Not that bad

    I like the environment, the atmosphere and the friendliness around the campus and yes I’ll recommend it to anyone. The buildings are magnificent. The lecturers are a tough nut to crack.

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    Programme: Accounting and Finance
    Degree: PhD
    Graduation: 2024
    Delivery Type: On Campus
    Campus: Ile-ife
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  • Accounting and ...
    Management
    Michael
    People I met and the environment

    It was a wonderful experience. I met a lot of people and grew myself. The system, in general, was not all encouraging, but enough leeway was given to help students become more independent, outspoken and relevant in society.

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    Programme: Accounting and Management
    Degree: Bachelor's
    Graduation: 2022
    Delivery Type: On Campus
    Campus: Ile-ife
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  • Accounting and ...
    Finance
    Omowumi
    Great Ife!

    I love Obafemi Awolowo University, Ile-Ife because it’s a great citadel of learning and culture. Its dynamism makes it unique. The lecturers are intelligent and the lectures are top-notch. OAU research or thesis is well detailed and results are reliable and useful to end-users.

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    Programme: Accounting and Finance
    Degree: Master's
    Graduation: 2021
    Delivery Type: On Campus
    Campus: Ile-ife
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