Year 12s: what will be the first way you research your future options? >>

Accounting Finance / Accounting Management

Hey people.

For university I have recieved 2 offers, accounting and finance AND accounting and management. Can someone please tell me the difference between them and are the future careers/jobs the same with both? thanks

Reply 1

ageshallnot

What difference did you think there was when you applied?

Reply 2

originalname1

i thought they were very similar lol

Reply 3

ageshallnot

Well, beyond the obvious point that one deals more with finance and the other with management, how do the courses differ in detail? Which modules are common, which are unique?

Does one or both of the courses confer professional accreditation e.g. if you want to become an accountant?

EDIT: Which university?

Reply 4

originalname1

accounting and management course:

•

Financial Accounting 1

•

Management Accounting 1

•

Professional Competences

•

The Business Context

•

plus an option module available from a range of areas including Economics, Data Analysis or languages

•

Auditing

•

Business Research and Professional Practice

•

Financial Accounting 2

•

Legal Aspects of Business

•

Management Accounting 2

•

plus two option modules from Financial Securities Valuation, Making Management Decisions and other disciplines including languages

•

Advanced Financial

•

Accounting

•

Advanced Management Accounting

•

Strategic Perspectives

•

plus four options from a range of specialist modules in accounting (Auditing, Company Law, Corporate Finance, Financial Strategy, Taxation) and other disciplines including languages

accounting and finance course:
Year 1

•

Business Economics

•

Business Information Analysis

•

Organisational Behaviour

•

Financial Accounting

Year 2

•

Financial Reporting

•

Management Accounting and Finance

•

Law for Accountants

•

One option module

Year 3/4

•

Theory and Practice of Financial Reporting

•

Corporate Finance

•

Advanced Management Accounting

•

One option module

they are the course modules with a few similarities

Reply 5

ageshallnot

More differences that I had anticipated from the course titles! Which uni is this?

Reply 6

originalname1

westminister for accounting management
kingston for accounting and finance

Reply 7

ageshallnot

I had a look at the two uni pages and have to confess I am not expert enough to tell the differences bar the obvious.

However, I did look at the ACCA exemption database and if your aim is to pass accountancy exams, it appears that while both courses exempt you from 4 exams, Westminster gives you more possible exemptions - assuming you choose the right modules.

https://portal.accaglobal.com/accrweb/faces/page/public/accreditations/enquiry/main/EnqInstitutionsTable.jspx

No idea which business school is best. My only opinion on either uni came from limited contact with Kingston - and that they were a disorganised rabble, but that was a completely different department.

Reply 8

maple1736

From reputation point of view you could look at the league tables. But it all depends on what you what to do for your future career!

Since your offers are all accounting related I assume you want to be an accountant...

From this point I suggest the accounting and finance simply it is more related to accounting and will give you the best possible exemptions for you professional exams. If you want to study toward ACCA (there are many more related professional bodies and it might depend on the company you apply for the job in the future), you need minimus 3 years of experience related to accounting. You also need to pass you professional exams (p1-3, and two of p4-7 assume you could be excempted for the foundation level f1-9 as most accounting course should allow some) to be a fully qualified accountant.

However, for management it is probably too "general" as a degree (my personal view) and unless you have a family business I do not suggest you go down the acc&man route. It is more experience based although is the same for most job but accounting is an area which will give you a special edge in the business world! If you want you could also go down the route like corporate finance and possibly investment banking.

In the end it's up to you to pick whichever one you like most! Accounting is not easy subject and don't think it is only numbers you are working with! But you will be handsomely rewarded if you put the work in!

Posted from TSR Mobile

(edited 10 years ago)

Reply 9

ageshallnot

Original post by maple1736

From this point I suggest the accounting and finance simply it is more related to accounting and will give you the best possible exemptions for you professional exams. If you want to study toward ACCA (there are many more related professional bodies and it might depend on the company you apply for the job in the future), you need minimus 3 years of experience related to accounting. You also need to pass you professional exams (p1-3, and two of p4-7 assume you could be excempted for the foundation level f1-9 as most accounting course should allow some) to be a fully qualified accountant.

But that was the point that I was making - Westminster's Accounting & Management degree appears to contain MORE potential exemptions than Kingston's Accounting and Finance

Reply 10

maple1736

Original post by ageshallnot

But that was the point that I was making - Westminster's Accounting & Management degree appears to contain MORE potential exemptions than Kingston's Accounting and Finance

Sorry, I didn't look up the exemptions for both! Depending on professional bodies you could get more or less. All I'm saying is that I think finance might give you more employable skills than management! In the end it's not what you study, it's about how you could bring values to the firm that is hiring you.

Posted from TSR Mobile

Reply 11

Natana

Hi There,

Has anybody been granted an exemption from acca f2 management accounting with certificate from Cima for passing the paper-management accounting?
Thanks a lot in advance!

(edited 9 years ago)