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University of Portsmouth - UoP

speciality: Accounting & Finance

3.3

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 and ...
    Finance
    avatar
    Great social life

    I am currently studying at UOP. I started studying here the year COVID-19 started, so for almost a year and a half, I was studying fully online. The university was very accommodating, and considering the situation the world was in, teaching online was good. Lectures were recorded for ease of study which I really appreciated. The only thing that students suffered from, like most students around the world, is the lack of social life. The courses prepare you to be exempt from the applied skills level of the ACCA, which is an important accounting certificate. Now social life is much much better, especially if you live in student accommodations. It’s also an international place, attracting students from all around the world. Portsmouth is w small city, with not much to do other than shopping and partying. Relative to the rest of the UK, it’s a cheap city to live in.

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    Programme: Accounting and Finance
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: Blended
    Campus: Portsmouth
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  • Accounting and ...
    Finance
    avatar
    Accounting and Finance Bachelors

    I studied for 4 years in UOP – First-year foundation and 3-year bachelor’s. The university buildings are spread around the city which means a typical day would be attending classes in different parts of the city – depending on the lectures you take. The degree program includes several interesting modules that contain knowledge that is applicable in your everyday life. One particular module I enjoyed was Financial markets and Institutions – which generally discusses the money markets and institutions and how they interact with each other. One key skill I picked up from the latter was the ability to analyse and make an educated judgement on investing in the stock market. Other key modules include Financial Reporting, Taxation, and Management Accounting – if you plan on pursuing a career in accounting and attempt the Acca, these three modules in addition to others give exemptions to several topics in the first 2 levels of the ACCA. Generally, I did not find the lectures and seminars at the university engaging therefore the motivation to attend them was not there. However, I found that attending the lectures and getting good grades are linked.

    The student life in UOP consists mainly of nights out – there is minimal to do in the city and few events throughout the year. On the other hand, the close-knit community of students (which is due to the many student accommodation buildings) makes you feel very welcome as an international student. There is a very diverse sum of students from all over the world.

    All in all, I would recommend the university to others.

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    Programme: Accounting and Finance
    Degree: Bachelor's
    Graduation: 2021
    Delivery Type: Blended
    Campus: Portsmouth
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  • Accounting and ...
    Finance
    Esther
    My Experience in Accounting

    Overall my three years in Portsmouth was challenging but I really enjoyed it. My favourite modules were economics and corporate governance, it was taught really well and I was always interested in subjects like that so those were my strongest. The ones I struggled with the most was a module called OMA, personally I was never able to understand the concept and it was an overwhelming module, this was the same with auditing, there was a lot of information giving in such little time it made it harder to revise it for exams, it was hard to gain help with these subject as lecturers didn’t want to give too much away. The business faculty was the highlight of Portsmouth, they were always helpful, sending emails about events and extra help if needed which was nice. Being from London made Portsmouth a very different location with very limited things to do outside university however the beach is beautiful

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    Programme: Accounting and Finance
    Degree: Bachelor's
    Graduation: 2020
    Campus: Portsmouth
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