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University of KwaZulu-Natal - UKZN

speciality: Accounting & Finance

3.6

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.

14 Student Reviews

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  • Accounting
    Zibuyisile 2
    Interesting experience

    UKZN was both good and bad to me, in my first year I struggled with funding yooo🤦🏾‍♀️ that year was tough but after I got funding I won’t say it was smooth but I got a taste of bieng a varsity student and it was amazing really. I never had problems like not getting a res, NSFAS, even small things like not getting help from RMS. I really do believe that UKZN Insipires greatness if you won’t pay much attention to haters.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: Blended
    Campus: Durban
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  • Accounting
    Thando
    Not a good service

    At the moment this university says I have an existing qualification with them and I have never applied to study there or even gone there.I tried to clear my name but they keep on denying it to be true because they don’t want to admit fraudulent actions from their side and when you call they will take you from office to office.
    I struggle to get funding because of this
    Anyone who can help please alert me, please

    This university has bad customer service very bad and all they care about is money while they are running our futures

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: Blended
    Campus: Durban
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  • Accounting and ...
    Finance
    Dube
    Incredible feeling

    The accommodation!! The University of KwaZulu-Natal is one of the universities that has got good residences for students. The facilities are always clean. I feel well taken care of.

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    Programme: Accounting and Finance
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: Blended
    Campus: Durban
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  • Accounting
    Thobeka
    Finance Department

    I have been a student at UKZN since 2015. I owed them R11000. I am still paying. I have never received a statement. The debit orders have been going on for 7 years now. How long are they still gonna deduct money from me?

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: Blended
    Campus: Durban
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  • Accounting
    Nondumiso
    BSc Augumented Student at UKZN

    I am grateful for being given the chance to do a bridging course when I did not qualify to do mainstream. Now I passed my bridge course and I am doing my dream course. UKZN made my dream come true.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: Blended
    Campus: Durban
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  • Accounting
    Mpho
    Finance department is hell

    Very bad service I am receiving from finance. In 2020 and 2021 I made all the efforts to arrange for a financial block to be removed and ended up not registering. I am again this year going through the same pain. Your emails are either ignored or you are asked to submit the same documents you submitted to them already. One cannot even call the finance department because the number is always engaged. This is emotionally draining just to get me to register. I am not happy with them at all. Worse part their process doesn’t even provide any solution or escalation point for someone who is not getting joy from them.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2020
    Delivery Type: Blended
    Campus: Durban
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  • Accounting and ...
    Finance
    Nhlakanipho
    Excellent Services

    I had difficulty with my online application being processed as the document being uploaded wasn’t received. I had the most amazing service from the support staff. She guided me step by step checked in assured and provided timescales. She even came back to me the following day just to let me know the documents has been received. Well done as dealing with online services can be quit troublesome and one isn’t always sure of the progress…

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    Programme: Accounting and Finance
    Degree: Master's
    Graduation: 2023
    Delivery Type: Blended
    Campus: Durban
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  • Accounting
    Molebogeng
    Worst Institution in South Africa

    Worst University. I would not recommend it. Refused to give the results of the module I had written. Spoke to the lecturer and informed me it was not he’s department. I am very saddened by this. UKZN is causing me pain with this

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: Blended
    Campus: Durban
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  • Accounting
    Slindokuhle
    Productive institution

    They will hold your hand but will not spoon-feed. The University of KwaZulu-Natal needs determination and people that know what they want. I highly recommend it and believe it is one of the best universities in South Africa

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: Blended
    Campus: Durban
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  • Accounting and ...
    Finance
    Mpilo
    I love UKZN

    I am a former student at UKZN living in the Netherlands. I am trying to get a copy of my Diploma. The website does not work When I email the University they send an automated reply that I can only get a copy if I submit online forms which do not exist as the site is down. I have called their office and no one answers the calls. Very frustrating, there seems to be no line of communication with the ukzn.

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    Programme: Accounting and Finance
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: Blended
    Campus: Durban
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