Undergraduate Course

BSc Accounting with Economics

BSc Accounting with Economics

Overview

The details
Accounting with Economics
NL41
October 2022
Full-time
3 years
Colchester Campus

How are financial and business decisions influenced by economics? How will the economy recover in a post-pandemic world? What impact will COVID-19 and Brexit have on business spending and growth?

We make financial and economic decisions every day, at home and in the workplace. Although we may be free to make our own choices, we are influenced by the actions of other people and institutions across the world. BSc Accounting with Economics explores how these decisions are made and examines the external forces driving them.

On this course, you learn how to be a more effective accountant, business consultant or manager by combining accounting knowledge with economic theories. By understanding key accounting principles, as well as how the economy functions, fluctuates and impacts organisations, you can make better informed recommendations that positively influence business strategy and performance, skills which will be in high demand from employers over the coming years.

On our accounting with economics course you are encouraged to take on a paid industry placement in your third year to put your knowledge into practice and further develop your professional skills.

You acquire knowledge and practical skills by exploring a broad range of topics such as:

  • financial and management accounting
  • the preparation of financial statements
  • costing, budgeting and performance evaluation
  • micro and macroeconomics
  • international trade

In your first year, we also introduce you to important aspects of marketing, management and finance. These core areas ensure you gain a fully-rounded business education, providing a solid foundation for your second and final years and future career.

In your final year, you have the opportunity to put your knowledge into practice by completing an in-depth, independent research project or dissertation. This will give you the chance to further develop vital employability skills in areas of research, time management and critical thinking.

This course combines expertise from two highly ranked departments, Essex Business School (EBS) and the Department of Economics.

Essex Business School is a signatory of the UN Principles of Responsible Management Education (PRME) and champion business ethics and sustainability. We encourage students to make responsible decisions for the good of business and society. Consequently, your course will explore important issues of management accountability and explore the political, cultural and social implications of corporate actions.

Professional accreditation

Completion of this course gives you accreditation exemptions from up to nine professional examination papers with The Association of Chartered Certified Accountants (ACCA).

Depending on the module options you choose during your studies, you can currently obtain up to seven exemptions from professional examinations awarded by the Chartered Institute of Management Accountants (CIMA).

This course also enables you to take up to five exemptions for certificate level examinations offered by the Institute of Chartered Accountants in England and Wales (ICAEW).

This means that you can gain a professional qualification by taking fewer exams when you graduate, giving your career a head start.

Why we're great.
  • This course gives you exemptions from many professional exams.
  • The Department of Economics is in the UK’s top 5 for research excellence (REF, 2014).
  • We teach you to be accountable, act ethically and make financial decisions that positively impact both organisations and society.
THE Awards 2018 - Winner University of the Year

Study abroad

The four-year version of this course enables you to study abroad during your third year. In all other areas, this version of the course remains identical to the standard three-year variant.

You can study abroad with one of our exchange partners in the United States, Europe, Canada, Australia, New Zealand, Latin America, the Middle East, Hong Kong and Japan. In doing so, you experience other cultures and languages, meet new people, and gain intercultural skills that are sought-after by employers.

Placement year

Alternatively, on a placement year you gain relevant work experience within an external organisation. A work placement can give you a competitive edge in the graduate job market by providing you with key contacts within the industry.

The Student Development Team can offer bespoke support throughout the process of researching, applying and interviewing for placements. However, it is your responsibility to apply, prepare for and secure your own role. Our students have gained placements with organisations such as BMW, Samsung and Cummins.

Our expert staff

You are taught by a highly qualified, enthusiastic team of academics and practitioners with wide-ranging research interests. Their expertise ensures you learn about the issues facing today’s accountants and economists.

Essex Business School is an internationally diverse place to study. You’ll often see our academics talking to the media about contemporary business issues.

Our staff specialise in areas including:

  • accounting and economic development in the public and third sectors
  • regulation and corporate social responsibility
  • finance and banking
  • accounting and finance in developing economies
  • contemporary financial markets and their participants

Lecturer in Accounting Dr Silvia Gaia’s, research covers the fields of corporate governance and financial and socio-environmental reporting. She embeds her learnings in the classes she delivers, particularly related to those covering financial reporting and capital markets so that you benefit from her cutting-edge research.

The Department of Economics is rated consistently highly for student satisfaction and is top five in the UK for research, with over 90% of research rated “world-leading” or “internationally excellent” (REF 2014).

Our economics researchers are at the forefront of their field and have even received MBEs. Many also provide consultancy services to businesses in London and other major financial centres, helping us develop research for today's society as well as informing our teaching for the future.

Specialist facilities

Our BSc Accounting with Economics is based at our Colchester Campus.

In our landmark Essex Business School building - the first zero carbon business school in the UK - you’ll see our sustainable approach to business first-hand. Set around a lush winter garden, are a wealth of inspiring teaching and study zones.

Our new building provides you with superb facilities:

  • a virtual trading floor with Bloomberg Terminals offering direct use of Bloomberg data, information and analytics
  • light and spacious lecture theatres with ‘listen again’ recording to aid your study
  • study pods and innovation booths for group working
  • a café with an adjacent sun terrace
  • study skills workshops and advice

Our business school is located on the University’s Knowledge Gateway, where you may be able to take advantage of networking and work experience opportunities with businesses located on site.

You also benefit from the learning resources available within our Department of Economics:

  • extensive software for quantitative analysis, available in computer labs across the university

Your future

Boosting your accountancy degree with the study of economics can make you a unique prospect in the graduate job market. An understanding of macro and micro-economic functions means that you are able to apply your accountancy skills in a global context which will be a benefit to employers with an international outlook.

Many of our graduates go on to work as trainee accountants straight after graduation as Essex Business School prepares you for the world of work from day one.

The BSc Accounting with Economics curriculum taught here embeds transferable employability skills in analysis, critical thinking, presentation and communication across all modules.

The Study Skills module in year one will develop your academic skills, while the Student Success modules in year two will build on what you learned in year one and so that you can easily step up to meet the growing academic demands of your second and final years. The Successful Futures module in year two will foster your professionalism and introduce you to the graduate recruitment process, including practical advice to excel at interviews and assessment centres.

Recent graduate destinations include:

  • Associate at KPMG – the global professional services network
  • Junior Tax Consultant at Deloitte – the multinational and financial services network
  • Treasury Analyst at Hiscox, a multinational business insurance and home insurance provider
  • Junior Consultant - Valuation & Advisory at Cushman & Wakefield – commercial property and real estate consultants
  • Global Finance & Business Analyst at J.P. Morgan – global financial services provider
  • Audit Associate at EY - a multinational professional services firm
  • Executive at PwC - a multinational professional services network

The School will support you with a range of skills and careers opportunities, including: skills development workshops; employer talks; skills events and careers conferences.

BSc Accounting with Economics students can also take advantage of the services offered by the Student Development Team, including: careers advice; work experience; internships; placements; and voluntary opportunities.

"I chose Accounting with Economics because I think these subjects will be important to the future growth and success of my country - Malaysia. The teachers are great at explaining accounting concepts and take their time when demonstrating calculations. I enjoy learning in the trading floor and gaining practical Bloomberg experience. The careers support and help with my CV have been invaluable; I gained a placement as a Finance Assistant with not-for-profit organisation Love Support Unite (LSU Ltd)."

Nur Aqilah Binti Hanisab, BSc Accounting with Economics, 2017

Entry requirements

UK entry requirements

GCSE: Mathematics C/4

A-levels: BBB

BTEC: DDD, depending on subject studied - advice on acceptability can be provided.

IB: 30 points or three Higher Level certificates with 555, including Standard Level Mathematics/Maths Studies grade 4, if not taken at Higher Level.
We are also happy to consider a combination of separate IB Diploma Programmes at both Higher and Standard Level. Please note that Maths in the IB is not required if you have already achieved GCSE Maths at grade C/4 or above or 4 in IB Middle Years Maths. Exact offer levels will vary depending on the range of subjects being taken at higher and standard level, and the course applied for. Please contact the Undergraduate Admissions Office for more information.

From 2021, we will accept grade 4 in either Standard Level Mathematics: Analysis and Approaches or Standard Level Mathematics: Applications and Interpretation.

Access to HE Diploma: 45 Level 3 credits at Merit or above

Flexible offers
Eligible applicants that actively choose us as their firm choice will be able to take advantage of a flexible offer. This offer will specify alternative entry requirements than those published here so, if your final grades aren’t what you had hoped for, you could still secure a place with us. Visit our undergraduate application information page for more details.

International & EU entry requirements

We accept a wide range of qualifications from applicants studying in the EU and other countries. Get in touch with any questions you may have about the qualifications we accept. Remember to tell us about the qualifications you have already completed or are currently taking.

Sorry, the entry requirements for the country that you have selected are not available here. Please select your country page where you'll find this information.

English language requirements

English language requirements for applicants whose first language is not English: IELTS 6.0 overall. Different requirements apply for second year entry, and specified component grades are also required for applicants who require a Student visa to study in the UK.

Other English language qualifications may be acceptable so please contact us for further details. If we accept the English component of an international qualification then it will be included in the information given about the academic levels listed above. Please note that date restrictions may apply to some English language qualifications

If you are an international student requiring a Student visa to study in the UK please see our immigration webpages for the latest Home Office guidance on English language qualifications.

If you do not meet our IELTS requirements then you may be able to complete a pre-sessional English pathway that enables you to start your course without retaking IELTS.

Additional Notes

If you’re an international student, but do not meet the English language or academic requirements for direct admission to this degree, you could prepare and gain entry through a pathway course. Find out more about opportunities available to you at the University of Essex International College here.

Structure

Course structure

The course structure is designed to provide you with access to the expertise of both Essex Business School and the Department of Economics.

In the first year our current students cover wider business topics that every manager needs to know. However, we are planning some changes to our first year and we’ll be tailoring it more closely to your chosen course. After that you’ll study compulsory accounting modules with Essex Business School, with a focus both on the numbers and on how managers use accounting information to make decisions, and a small number of compulsory economics modules in the Department of Economics. The rest is up to you as your optional modules can be spread across both departments, and by picking certain modules you’ll be able to maximise the number of exemptions available to you from bodies such as ACCA, helping you on the way to achieving chartered status.

We offer a flexible course structure with a mixture of core/compulsory modules, and optional modules chosen from lists. ?Please be aware that we are planning changes to our first year to make it more relevant to your chosen course.

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field. The course content is therefore reviewed on an annual basis to ensure our courses remain up-to-date so modules listed are subject to change.

Teaching and learning disclaimer

Following the impact of the pandemic, we made changes to our teaching and assessment to ensure our current students could continue with their studies uninterrupted and safely. These changes included courses being taught through blended delivery, normally including some face-to-face teaching, online provision, or a combination of both across the year.

The teaching and assessment methods listed show what is currently approved for 2022 entry; changes may be necessary if, by the beginning of this course, we need to adapt the way we’re delivering them due to the external environment, and to allow you to continue to receive the best education possible safely and seamlessly.

Components and modules explained

Components

Components are the blocks of study that make up your course. A component may have a set module which you must study, or a number of modules from which you can choose.

Each component has a status and carries a certain number of credits towards your qualification.

Status What this means
Core
You must take the set module for this component and you must pass. No failure can be permitted.
Core with Options
You can choose which module to study from the available options for this component but you must pass. No failure can be permitted.
Compulsory
You must take the set module for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.
Compulsory with Options
You can choose which module to study from the available options for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.
Optional
You can choose which module to study from the available options for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.

The modules that are available for you to choose for each component will depend on several factors, including which modules you have chosen for other components, which modules you have completed in previous years of your course, and which term the module is taught in.

Modules

Modules are the individual units of study for your course. Each module has its own set of learning outcomes and assessment criteria and also carries a certain number of credits.

In most cases you will study one module per component, but in some cases you may need to study more than one module. For example, a 30-credit component may comprise of either one 30-credit module, or two 15-credit modules, depending on the options available.

Modules may be taught at different times of the year and by a different department or school to the one your course is primarily based in. You can find this information from the module code. For example, the module code HR100-4-FY means:

HR 100  4  FY

The department or school the module will be taught by.

In this example, the module would be taught by the Department of History.

The module number. 

The UK academic level of the module.

A standard undergraduate course will comprise of level 4, 5 and 6 modules - increasing as you progress through the course.

A standard postgraduate taught course will comprise of level 7 modules.

A postgraduate research degree is a level 8 qualification.

The term the module will be taught in.

  • AU: Autumn term
  • SP: Spring term
  • SU: Summer term
  • FY: Full year 
  • AP: Autumn and Spring terms
  • PS: Spring and Summer terms
  • AS: Autumn and Summer terms

COMPONENT 01: CORE

Introduction to Accounting
(30 CREDITS)

Accounting has a lot to do with numbers, however it isn’t just about keeping track of money coming into and out of a firm. In this introductory module you’ll discuss the true nature and role of accounting and will consider who uses accounting information and for what purpose. You’ll also be introduced to the role of regulation in governing accounting practice. This module provides essential skills and information you need to know whether you want to become an accountant, be a manager or start your own company.

View Introduction to Accounting on our Module Directory

COMPONENT 02: CORE

Quantitative Methods and Finance
(30 CREDITS)

Throughout your career you’ll likely need to make use of a wide variety of quantitative techniques, particularly those related to accounting, finance and management. In this module you’ll revise your previous maths knowledge whilst also considering the time value of money, rates of change, probability and statistics and making extensive use of Excel for applying statistical techniques. You also study the financial system, instruments and markets and ideas about finance concepts and problems. The topics covered include investment companies, return and risk, and behavioural finance.

View Quantitative Methods and Finance on our Module Directory

COMPONENT 03: CORE

Introduction to Management and Marketing
(30 CREDITS)

When studying management and marketing you’ll often find out that it is all about people. An organisation isn’t made up of buildings and equipment, but of individual people. In this introductory module you’ll consider a wide variety of important management issues, and in line with our Essex beliefs, you’ll consider ethical implications and the responsibilities which organsiations have to society and other stakeholders. You’ll also begin to consider how there may be significant gaps between management theory and real life.

View Introduction to Management and Marketing on our Module Directory

COMPONENT 04: CORE

Introduction to Economics
(30 CREDITS)

How do consumers make decisions? Or firms conduct different market strategies? What impact does government policy have on inflation? Or unemployment? Develop your knowledge of economics in relation to a range of contemporary issues. Learn how to apply both micro and macroeconomic principles to the analysis of such problems.

View Introduction to Economics on our Module Directory

COMPONENT 05: COMPULSORY

Research and Study Skills for Professional Development
(0 CREDITS)

Studying at university may be very different to your previous experiences. This module encourages you to become an active, independent learner, with the ability to reflect on business situations and form your own opinions, ensuring you can perform to your full academic and professional potential. We explore the importance of referencing, constructing a coherent argument and developing writing skills for a variety of purposes, such as academic essays, exams and reports. We develop your analytical skills, critical thinking, presentation and communication skills to help you get the most from your time at university.

View Research and Study Skills for Professional Development on our Module Directory

COMPONENT 06: COMPULSORY

Student Success Tutorial
(0 CREDITS)

At Essex Business School we offer all our students a wide variety of support throughout your time with us. In this module we’ll introduce you to effective study techniques and tools, including letting you know about the study skills support and resources available to you. You receive guidance on your academic progress, as well as your personal and professional development. These sessions offer you the opportunity to meet and develop networks and connections within the School and provide key support throughout your first year by helping you to develop the skills and learning strategies needed throughout your degree.

View Student Success Tutorial on our Module Directory

COMPONENT 01: COMPULSORY

Financial Reporting and Analysis
(30 CREDITS)

Extend your knowledge of financial accounting by mastering the preparation and analysis of the published financial statements of limited companies operating on their own, or within group structures. You investigate the regulation of financial reporting, the function and content of the main published statements, and problems connected with the treatment of taxation, depreciation, and specific aspects of the asset-expense distinction.

View Financial Reporting and Analysis on our Module Directory

COMPONENT 02: COMPULSORY

Management Accounting I
(15 CREDITS)

Management accounting enables you to provide three key areas of information to any business: costing, decision-making, and planning and control. In this module you focus on costing, but also see how this area overlaps with the other two, as all three areas always interact. You also develop your knowledge and understanding of management accounting and the context in which it operates.

View Management Accounting I on our Module Directory

COMPONENT 03: COMPULSORY

Management Accounting II
(15 CREDITS)

Develop your understanding of the role of management accounting in organisational decision-making and control. You explore the uses of management accounting information in facilitating planning, control and decision making by managers.

View Management Accounting II on our Module Directory

COMPONENT 04: COMPULSORY

Microeconomics (Intermediate)
(30 CREDITS)

How do consumers behave in a competitive market? And what about producers? How do various imperfections affect the outcome of decentralised markets? Study the fundamental concepts and methods in microeconomics. Understand the tools and methods of analysis for economic reasoning, and develop your critical approach to economic issues and policies.

View Microeconomics (Intermediate) on our Module Directory

COMPONENT 06: COMPULSORY

Successful Futures
(0 CREDITS)

This module links subject understanding to employability, ensuring you’re prepared to take advantage of graduate opportunities at the point they’re advertised. You gain an understanding of the graduate labour market and recruitment processes, as well as timelines for recruitment and interview and assessment centre techniques. You also learn about options for postgraduate study.

View Successful Futures on our Module Directory

COMPONENT 07: COMPULSORY

Student Success Tutorial
(0 CREDITS)

This compulsory module equips you with effective study practices to excel in your second year at Essex Business School. It gives your guidance on how to use feedback effectively to improve and develop your academic skills and improve your performance. It provides the opportunity to create an action plan for your personal and professional development whilst at university.

View Student Success Tutorial on our Module Directory

COMPONENT 01: COMPULSORY

Current Issues in Financial Reporting
(30 CREDITS)

What does accounting do and why, and what is done in the name of accounting but might <i>not</i> be accounting? Does accounting enable us to talk or does it erect barriers around issues so that the debate is silenced or limited? Who should make accounting standards? Should it be the state, professional bodies or some private interests? These are some of the key issues facing producers, consumers, and regulators of corporate financial reports.

View Current Issues in Financial Reporting on our Module Directory

COMPONENT 02: COMPULSORY

Advanced Management Accounting
(15 CREDITS)

Management accounting serves the purpose of identifying, measuring and communicating economic information to permit management and workforce make informed judgements and decisions. Investigate the technical issues in cost management and performance measurement systems, and wider issues concerning the role of management accounting in shaping management structures and decisions in manufacturing and service contexts.

View Advanced Management Accounting on our Module Directory

COMPONENT 03: COMPULSORY

Critical Debates in Accounting
(15 CREDITS)

In this module, you evaluate contemporary developments and research in the field of management accounting, using real-life business case studies. You explore management accounting within economic, political, social and cultural contexts, exploring issues such as deregulation, globalisation and increasing customer demands. You examine strategic issues such as cost management, performance measurement and management controls and explore how organisational and technological changes are impacting the discipline both nationally and internationally.

View Critical Debates in Accounting on our Module Directory

COMPONENT 04: COMPULSORY WITH OPTIONS

BE936-6-FY or CS316-6-FY
(30 CREDITS)

COMPONENT 05: OPTIONAL

Economics option(s) from list
(30 CREDITS)

COMPONENT 06: OPTIONAL

EBS or Economics option from list or outside option
(15 CREDITS)

Placement

On a placement year you gain relevant work experience within an external business or organisation, giving you a competitive edge in the graduate job market and providing you with key contacts within the industry. The rest of your course remains identical to the three-year degree.

Year abroad

On your year abroad, you have the opportunity to experience other cultures and languages, to broaden your degree socially and academically, and to demonstrate to employers that you are mature, adaptable, and organised. The rest of your course remains identical to the three-year degree.

Teaching

  • Teaching includes a combination of lectures, seminars and computer-based lab sessions
  • Modules delivered by experts in the field as well as guest speakers
  • Contribute and interact in lectures through the use of smart technology
  • Lecture presentations and notes are uploaded online beforehand to help you prepare in advance
  • Optional support classes in Economics
  • Complete your final-year project in consultation with a personal supervisor

Assessment

  • Assessed through traditional methods of end-of-year exams and multiple choice questions in class tests and essays
  • Plus more innovative and creative assessments include laboratory work, poster presentations, real-business case problems and group presentations
  • Your first year marks do not count towards your final degree

Fees and funding

Home/UK fee

£9,250

International fee

£18,600

Fees will increase for each academic year of study.

Home/UK fees and funding information

International fees and funding information

What's next

Open Days

Our events are a great way to find out more about studying at Essex. We run a number of Open Days throughout the year which enable you to discover what our campus has to offer. You have the chance to:

  • tour our campus and accommodation
  • find out answers to your questions about our courses, student finance, graduate employability, student support and more
  • meet our students and staff

Check out our Visit Us pages to find out more information about booking onto one of our events. And if the dates aren’t suitable for you, feel free to book a campus tour here.

2021 Open Days (Colchester Campus)

  • Saturday, November 13, 2021

Applying

Applications for our full-time undergraduate courses should be made through the Universities and Colleges Admissions Service (UCAS). Applications are online at: www.ucas.com. Full details on this process can be obtained from the UCAS website in the how to apply section.

Our UK students, and some of our EU and international students, who are still at school or college, can apply through their school. Your school will be able to check and then submit your completed application to UCAS. Our other international applicants (EU or worldwide) or independent applicants in the UK can also apply online through UCAS Apply.

The UCAS code for our University of Essex is ESSEX E70. The individual campus codes for our Loughton and Southend Campuses are 'L' and 'S' respectively.

For information on transferring from another university, applying when you are not at school or college, and applying for readmission, please see How to apply and entry requirements

Applicant Days and interviews

If you are an undergraduate student who has received an offer from us to study with us from October 2022, you will be invited to attend a Virtual Applicant Day so that you can get to know us from the comfort of your own home. Our Virtual Applicant Days will run until June 2022 and give you the chance meet academics online from the department you’ve applied to, and attend live talks and Q&A’s on our Virtual Applicant Day platform.

Some of our courses also require a compulsory interview. If you have applied to one of these courses you will receive an invite to a Zoom interview via email, along with further details about the interview process.

Colchester Campus

Visit Colchester Campus

Home to 15,000 students from more than 130 countries, our Colchester Campus is the largest of our three sites, making us one of the most internationally diverse campuses on the planet - we like to think of ourselves as the world in one place.

The Campus is set within 200 acres of beautiful parkland, located two miles from the historic town centre of Colchester – England's oldest recorded town. Our Colchester Campus is also easily reached from London and Stansted Airport in under one hour.

 

Virtual tours

If you live too far away to come to Essex (or have a busy lifestyle), no problem. Our 360 degree virtual tours allows you to explore our University from the comfort of your home. Check out our Colchester virtual tour and Southend virtual tour to see accommodation options, facilities and social spaces.

Exhibitions

Our staff travel the world to speak to people about the courses on offer at Essex. Take a look at our list of exhibition dates to see if we’ll be near you in the future.

At Essex we pride ourselves on being a welcoming and inclusive student community. We offer a wide range of support to individuals and groups of student members who may have specific requirements, interests or responsibilities.


Find out more

The University makes every effort to ensure that this information on its programme specification is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to courses, facilities or fees. Examples of such reasons might include, but are not limited to: strikes, other industrial action, staff illness, severe weather, fire, civil commotion, riot, invasion, terrorist attack or threat of terrorist attack (whether declared or not), natural disaster, restrictions imposed by government or public authorities, epidemic or pandemic disease, failure of public utilities or transport systems or the withdrawal/reduction of funding. Changes to courses may for example consist of variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses. The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications.

The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.

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