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Covenant University

speciality: Accounting & Finance

5.0

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.

3 Student Reviews

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  • Accounting
    avatar
    Education in Covenant

    Covenant University’s accounting program excels in providing students with a comprehensive understanding of financial principles and practices. With a rigorous curriculum designed to meet industry standards, students are equipped with the necessary skills to excel in various accounting roles. The program emphasizes critical thinking, problem-solving, and ethical considerations, ensuring graduates are not only proficient in accounting techniques but also ethical decision-makers in the business world.

    One notable aspect of the program is its integration of practical experiences through internships and industry partnerships, allowing students to apply classroom knowledge to real-world scenarios. The faculty comprises experienced professionals and academics who are committed to student success, offering personalized guidance and mentorship throughout the program. Additionally, Covenant University fosters a supportive learning environment with state-of-the-art facilities and resources conducive to academic excellence. Overall, Covenant University’s accounting program stands out for its commitment to producing skilled, ethical, and successful accounting professionals poised to make meaningful contributions to the field.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: On Campus
    Campus: Ota
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  • Banking and ...
    Finance
    Uzornne
    My time at the center of Excellence

    My experience attending Covenant University has been a mix of unique attributes that have shaped my educational journey. On the positive side, the university stands out for its unwavering commitment to academic excellence. The institution offers a challenging academic environment that has pushed me to strive for excellence in my chosen field. The state-of-the-art facilities, including modern classrooms, well-equipped laboratories, and an extensive library, have significantly enhanced my overall learning experience.

    Another standout feature of Covenant University is its strong emphasis on Christian values and ethics. This faith-based approach fosters a close-knit community among students and has played a pivotal role in my moral and character development. It’s reassuring to be part of an institution where education is seamlessly interwoven with spiritual growth.

    Moreover, I appreciate the university’s focus on entrepreneurship. Covenant University actively supports and encourages students to develop their entrepreneurial skills, providing opportunities to explore and launch their businesses. This practical aspect of education aligns well with the demands of today’s rapidly evolving job market.

    The university’s active engagement with the local community is also worth highlighting. Covenant University’s involvement in various community development initiatives has given me a chance to make a meaningful impact beyond the campus. This exposure to real-world challenges has been instrumental in my personal growth and career development.

    However, it’s essential to consider some potential drawbacks when attending Covenant University. The institution is known for its strict rules and regulations, covering aspects of student life such as dress codes and curfews. While these rules align with the university’s values, they can feel restrictive to some students, impacting their personal freedom.

    Furthermore, the university’s strong Christian focus can result in a somewhat homogenous student body. This emphasis may limit exposure to diverse perspectives and backgrounds, which could be a concern for those seeking a more diverse and inclusive college experience.

    Lastly, Covenant University is a private institution with relatively higher tuition fees compared to public universities in Nigeria. This financial aspect can be challenging for some students and their families to navigate.

    In conclusion, my time at Covenant University has provided me with a unique blend of academic excellence, Christian values, and a focus on entrepreneurship. The institution has equipped me with a strong educational foundation and opportunities for personal and spiritual growth. However, the strict rules, limited personal freedom, and higher costs are important factors to consider when evaluating whether Covenant University aligns with one’s educational and personal values.

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    Programme: Banking and Finance
    Degree: Bachelor's
    Graduation: 2018
    Delivery Type: On Campus
    Campus: Ota
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  • Accounting
    avatar
    My Exprience in a four year Program at Covenant University

    My program at Covenant University is Accounting, a four-year program. I started on 24th September 2019 and will be graduating in 2023. The lectures here are held regularly by professors and Ph.Ds. holders and other degree holders. The student life here is great and I would fully recommend it to individuals who would like to solidify their relationship with God. The university is open to international students with four colleges and a variety of programs. Check our website for more information.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: On Campus
    Campus: Ota
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    Internationality
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