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Heriot-Watt University - HW

speciality: Accounting & Finance

4.1

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.

54 Student Reviews

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  • Financial Management
    Becky
    Flexible and Excellent standards

    eriot-Watt University is a reputable institution known for its academic excellence and flexible learning options. It has a strong emphasis on research and practical application, making it an excellent choice for students pursuing postgraduate studies. The university has a diverse student population and a welcoming campus community, with top-notch facilities and resources to support student learning. Overall, Heriot-Watt University is a great choice for students seeking a high-quality education with flexible options.

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    Programme: Financial Management
    Degree: Master's
    Graduation: 2019
    Delivery Type: Online
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  • Business and ...
    Finance
    Yash
    Great education

    The professors were great at explaining concepts and helping students understand the questions and answer them properly. Student life was pretty good people were pretty humble and outgoing which helped a lot.

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    Programme: Business and Finance
    Degree: Bachelor's
    Graduation: 2022
    Delivery Type: Blended
    Campus: Dubai
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  • Business and ...
    Finance
    avatar
    Academics

    The college is really good in terms of the academic materials provided. The group assignments and individual assignments also possess a potent challenge on students individual analytical and critical skills.

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    Programme: Business and Finance
    Degree: Bachelor's
    Graduation: 2022
    Delivery Type: Blended
    Campus: Dubai
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  • Accounting and ...
    Finance
    avatar
    Good

    The university has some good professors.
    However not much support is provided if u want to do extra academic things. Rest all the clubs and activities are nice. Could have more parking space. Good community though.

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    Programme: Accounting and Finance
    Degree: Bachelor's
    Graduation: 2021
    Campus: Dubai
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  • Business and ...
    Finance
    Ayesha
    Dubai Campus Needs Improvements and Facilities like Edinburgh

    The overall experience was good but I was in love with the Edinburgh campus due to its size and focus on world-class equipment, space, and diversity. Dubai campus was very small and lacked diversity which does not give provide an overall, world-class experience. The faculty is great here though. Accommodation was very small as well.

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    Programme: Business and Finance
    Degree: Bachelor's
    Graduation: 2020
    Campus: Dubai
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  • Accounting and ...
    Business Finance
    avatar
    Quality of Studies

    I would recommend improving its Food Court & adding trips for students. The good thing about the university is that the quality of studies in Accountancy & Finance is pretty good with the lecturers being extremely supportive

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    Programme: Accounting and Business Finance
    Degree: Master's
    Campus: Dubai
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  • Accounting and ...
    Finance
    Amna
    A Place For All

    Heriot-Watt Edinburgh Campus is a place that welcomes all. Hosting multiple nationalities from all over the world, the university always feels like home away from home. Be it the breathtaking beauty of the campus or the people at the university, at heriot watt you will always find yourself discovering new things every single day.

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    Programme: Accounting and Finance
    Degree: Bachelor's
    Graduation: 2021
    Campus: Edinburgh
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  • Accounting and ...
    Business Finance
    avatar
    University that brings diversity together.

    The university is very good. The education is very good, the professors are very helpful. The courses provide both theoretical and practical knowledge. Also, we get an international degree.

    Besides this, there are also enough number of extra curricular activities that enhance the student life at university.
    By enough I mean , there is a proper balance between the education and the extra curricular activities.

    Because of the above reasons, I recommend this university.

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    Programme: Accounting and Business Finance
    Degree: Master's
    Graduation: 2021
    Campus: Dubai
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  • Accounting and ...
    Business Finance
    avatar
    1st rank university in Scotland

    Heriot is ranked 1st in Scotland. Heriot location is also very nice; campus is very large we got all facilities inside the campus like sport, gym, student union, restaurant. Heriot-Watt accommodations inside the campus are also nice & are nearby like 10 mint walk to university. They also got a great education system & great teachers who are very experienced & helpful

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    Programme: Accounting and Business Finance
    Degree: Master's
    Graduation: 2021
    Campus: Edinburgh
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  • Accounting and ...
    Business Finance
    avatar
    First year glimpse

    I started Heriot watt university in the Accounting and Business Finance course (year 2) in hopes that it would help me understand the field I was in a bit more and so far it’s going well. The university has experienced and knowledgeable professors who use examples and different methods of teaching to explain the topic as clearly as possible. They give us opportunities to clear doubts and ask our queries.
    What I liked most about the University is how there is always something or the other going on. Events where we celebrate our heritage, welcome new students, sports events, but the most important fact that makes me as a student feel welcome here, is the respect that is given to each and every student regardless of who they are and where they’re from.

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    Programme: Accounting and Business Finance
    Degree: Bachelor's
    Campus: Dubai
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