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Business & Management to become an accountant?

Hi, I've applied to do Business & Management at Aston University, on their website they've stated:

"Aston Business School graduates can claim exemptions from the examinations of a number of professional bodies. Exemptions are dependent upon the options you have followed.

At present exemptions are available from:

Association of Chartered Certified Accountants

Chartered Institute of Marketing

Chartered Institute of Management Accountants

Association of International Accountants"



What does this exactly mean? Also, is it possible to become an accountant with a Business and Management degree? The reason I am not doing an Accounting or Finance degree is that I have not studied Accounting, Economics or Maths at A Levels and only have a C in GCSE maths so I wouldn't have got any conditionals however I prefer the financial and economical aspects of business and would like to become an accountant. Is it possible with a Business and Management degree if I chose all financial modules? And what masters will I be eligible to take with this degree?

All feedback is appreciated, and sorry is this is a stupid question. Thanks
Original post by MrChuckNorris
Hi, I've applied to do Business & Management at Aston University, on their website they've stated:

"Aston Business School graduates can claim exemptions from the examinations of a number of professional bodies. Exemptions are dependent upon the options you have followed.

At present exemptions are available from:

Association of Chartered Certified Accountants

Chartered Institute of Marketing

Chartered Institute of Management Accountants

Association of International Accountants"



What does this exactly mean? Also, is it possible to become an accountant with a Business and Management degree? The reason I am not doing an Accounting or Finance degree is that I have not studied Accounting, Economics or Maths at A Levels and only have a C in GCSE maths so I wouldn't have got any conditionals however I prefer the financial and economical aspects of business and would like to become an accountant. Is it possible with a Business and Management degree if I chose all financial modules? And what masters will I be eligible to take with this degree?

All feedback is appreciated, and sorry is this is a stupid question. Thanks


Basically means that if you sit certain modules on the course and score well enough, they will give you exemptions from some exams of those accountancy bodies (ACCA/CIMA in this case). So yes if you go on to study ACCA or CIMA when you graduate you will be able to apply for these exemptions :smile:
Original post by MrChuckNorris
Hi, I've applied to do Business & Management at Aston University, on their website they've stated:

"Aston Business School graduates can claim exemptions from the examinations of a number of professional bodies. Exemptions are dependent upon the options you have followed.

At present exemptions are available from:

Association of Chartered Certified Accountants

Chartered Institute of Marketing

Chartered Institute of Management Accountants

Association of International Accountants"



What does this exactly mean? Also, is it possible to become an accountant with a Business and Management degree? The reason I am not doing an Accounting or Finance degree is that I have not studied Accounting, Economics or Maths at A Levels and only have a C in GCSE maths so I wouldn't have got any conditionals however I prefer the financial and economical aspects of business and would like to become an accountant. Is it possible with a Business and Management degree if I chose all financial modules? And what masters will I be eligible to take with this degree?

All feedback is appreciated, and sorry is this is a stupid question. Thanks


You can become an accountant with any degree. For the big 4 though, concentrate on getting 320-340 UCAS points though. 300 would suffice for certain service lines.

Don't worry about maths- lots of it is simple arithmetic apparently- both in the job and the ACA
Reply 3
Original post by Tactical Nuclear Penguin
Basically means that if you sit certain modules on the course and score well enough, they will give you exemptions from some exams of those accountancy bodies (ACCA/CIMA in this case). So yes if you go on to study ACCA or CIMA when you graduate you will be able to apply for these exemptions :smile:


Great! Thank you!
Reply 4
Original post by Tomatochuckers
You can become an accountant with any degree. For the big 4 though, concentrate on getting 320-340 UCAS points though. 300 would suffice for certain service lines.

Don't worry about maths- lots of it is simple arithmetic apparently- both in the job and the ACA


Ohh I didn't know that, realistically I doubt I'd get 320/340, hopefully I could apply for a lower firm and work my way up, thanks though!
Original post by MrChuckNorris
Ohh I didn't know that, realistically I doubt I'd get 320/340, hopefully I could apply for a lower firm and work my way up, thanks though!


May I ask- what are you on at the moment? 300 is enough for audit and tax and some advisory routes in the big 4 I think

Check this link out:
http://www.pwc.co.uk/careers/student/applying/application-timetable.jhtml
Also don't you need 340 for Aston's course?
Reply 7
Original post by Tomatochuckers
Also don't you need 340 for Aston's course?


Yeah, that's what they're asking for and that's what I've been predicted but I'm not feeling too confident about these exams, I'll give it my best and hope they let me in or just go to my insurance uni..
Original post by MrChuckNorris
Yeah, that's what they're asking for and that's what I've been predicted but I'm not feeling too confident about these exams, I'll give it my best and hope they let me in or just go to my insurance uni..


Well best of luck then. I'm doing the same. Trying to increase 320 to 360! Just go for it.
Reply 9
Original post by MrChuckNorris
Hi, I've applied to do Business & Management at Aston University, on their website they've stated:

"Aston Business School graduates can claim exemptions from the examinations of a number of professional bodies. Exemptions are dependent upon the options you have followed.

At present exemptions are available from:

Association of Chartered Certified Accountants

Chartered Institute of Marketing

Chartered Institute of Management Accountants

Association of International Accountants"



What does this exactly mean? Also, is it possible to become an accountant with a Business and Management degree? The reason I am not doing an Accounting or Finance degree is that I have not studied Accounting, Economics or Maths at A Levels and only have a C in GCSE maths so I wouldn't have got any conditionals however I prefer the financial and economical aspects of business and would like to become an accountant. Is it possible with a Business and Management degree if I chose all financial modules? And what masters will I be eligible to take with this degree?

All feedback is appreciated, and sorry is this is a stupid question. Thanks


What does this exactly mean?

Exemptions will be available depending on your module choices (and at your future firms discretion). If you go on the ICAEW website for example, you'll be able to check which modules available through Aston given exemptions and from which ACA exams. Ordinarily you'll need a combination of several modules with marks above a set level in order to receive the exemption.

Also, is it possible to become an accountant with a Business and Management degree?

Yes, it is. As degrees go it's quite relevant, and I would actually actively advise those considering becoming an accountant to study something a bit different beforehand, as you'll spend the first couple of years of your professional career sitting accountancy exams either way. Accountancy & Finance students are at no particular advantage.

Is it possible with a Business and Management degree if I chose all financial modules?

Yes, and there's no need to choose finance related modules. I certainly didn't. Employers will look at your apptitude, commitment and competencies, but they don't expect subject specific theoretical knowledge. You'll often find graduates from varying backgrounds including sciences, law, history, economics etc on training contracts.

Either way, you can't choose all financial modules. The Aston degree splits in to two streams in your second year so you gain two specialisms.

And what masters will I be eligible to take with this degree?

Many depending on your result, although if your goal is to become an accountant I wouldn't advise pursing a masters this early on in your career. Those with masters join the larger firms in the exact same capacity as those with bachelors, so save that wild card for later on in your career IMO! An MBA is always a nice thought as well.


As it happens I did this same degree at Aston and now work at one of the big four firms, so I'm probably ideally positioned to answer any questions you might have. Feel free to PM me :smile:
(edited 11 years ago)
Original post by M1011
What does this exactly mean?

Exemptions will be available depending on your module choices (and at your future firms discretion). If you go on the ICAEW website for example, you'll be able to check which modules available through Aston given exemptions and from which ACA exams. Ordinarily you'll need a combination of several modules with marks above a set level in order to receive the exemption.

Also, is it possible to become an accountant with a Business and Management degree?

Yes, it is. As degrees go it's quite relevant, and I would actually actively advise those considering becoming an accountant to study something a bit different beforehand, as you'll spend the first couple of years of your professional career sitting accountancy exams either way. Accountancy & Finance students are at no particular advantage.

Is it possible with a Business and Management degree if I chose all financial modules?

Yes, and there's no need to choose finance related modules. I certainly didn't. Employers will look at your apptitude, commitment and competencies, but they don't expect subject specific theoretical knowledge. You'll often find graduates from varying backgrounds including sciences, law, history, economics etc on training contracts.

Either way, you can't choose all financial modules. The Aston degree splits in to two streams in your second year so you gain two specialisms.

And what masters will I be eligible to take with this degree?

Many depending on your result, although if your goal is to become an accountant I wouldn't advise pursing a masters this early on in your career. Those with masters join the larger firms in the exact same capacity as those with bachelors, so save that wild card for later on in your career IMO! An MBA is always a nice thought as well.


As it happens I did this same degree at Aston and now work at one of the big four firms, so I'm probably ideally positioned to answer any questions you might have. Feel free to PM me :smile:


Wow that was very detailed! Thank you very much, it's actually helped me a lot and especially the fact that you went to the same uni and did the same degree, thanks!
Reply 11
Original post by MrChuckNorris
Wow that was very detailed! Thank you very much, it's actually helped me a lot and especially the fact that you went to the same uni and did the same degree, thanks!


No problem. Just drop me a mail if you have questions about the course, placements or career prospects etc.
Original post by M1011
No problem. Just drop me a mail if you have questions about the course, placements or career prospects etc.


Hey

Just a question about the ACA

I'm going to study either A+F, or FAM and I will get a number of exemptions. I was wondering whether you still had to sit the exams during your ACA (like a 'mock test') or if you could just skip them, laugh and point at your peers having to sit the exam
Reply 13
Original post by Tomatochuckers
Hey

Just a question about the ACA

I'm going to study either A+F, or FAM and I will get a number of exemptions. I was wondering whether you still had to sit the exams during your ACA (like a 'mock test') or if you could just skip them, laugh and point at your peers having to sit the exam


It's down to the firm you join. Most will have a selection of papers which you have to sit even if you have an exemption, as that area is considered to be of importance towards the role you are carrying out. So for example, don't expect to receive exemptions in the accounting knowledge stage or financial account professional stage exams etc. However exemptions that have been obtained that aren't key to your role (things like law and business strategy for example) can usually be taken. Smaller firms may be more lenient on exemptions, simply because it avoids the cost of tuition and exam fees.

The firms don't tend to publish which exemptions they allow (and I imagine in varies by service line), so your best bet is to ask people who work at whichever firms you are applying to.

If you do get the exemption, then in my experience you won't need to sit a mock exam or anything like that. However it is important to know the content of your exempt areas well, as nobody is exempt from the advance stage papers which bring together knowledge from all the other papers.
(edited 11 years ago)
Reply 14
Hi, I’ve just read through your comment, very helpful! I am a Business Management graduate but haven’t done well with my education. The college I attended was terrible and basically ruined my education. I am currently a Change Coach where I help and mentor people getting back to work. The job is rewarding but I’ve realised this isn’t what I want to do long term. I earn a good wage and was promoted to the role, originally being an Assistant. One thing I’ve always loved and was keen on was numbers and Maths! I took a few practise AAT exams online and passed them! I want to ask, from having a second lower division in my degree and only getting MM from my extended diploma in Business (the college was sooo bad!), how can I pursue the career of my dreams! I want to become an accountant 😓😓 I was suffering from mental health conditions during my time in Uni hence why I didn’t do as well as I could’ve. I am fairly disappointed in myself but want to redeem myself. Any advise on how to become an accountant would be heavily appreciated. Thank you

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