Undergraduate Course

BSc Accounting and Finance

(Including Foundation Year)

BSc Accounting and Finance

Overview

The details
Accounting and Finance (Including Foundation Year)
NN43
October 2020
Full-time
4 years
Colchester Campus
Essex Pathways

Our BSc Accounting and Finance (including foundation year) is open to Home and EU students. It will be suitable for you if your academic qualifications do not yet meet our entrance requirements for the three-year version of this course and you want a programme that increases your subject knowledge as well as improves your academic skills.

This four-year course includes a foundation year (Year Zero), followed by a further three years of study. During your Year Zero, you study four academic subjects relevant to your chosen course as well as a compulsory English language and academic skills module.

You are an Essex student from day one, a member of our global community based at the most internationally diverse campus university in the UK.

After successful completion of Year Zero in our Essex Pathways Department, you progress to complete your course with Essex Business School.

Our BSc Accounting and Finance degree provides access to our virtual trading floor, where you make use of real-world Bloomberg Market Data Feed (B-PIPE), information and analytics to practice trading stocks and securities in the type of environment found in City finance firms.

You study a wide range of topics and develop your quantitative skills, giving you the flexibility to pursue a career in finance, accounting or business management after graduation.

You explore areas such as:

  • the preparation of financial statements and budgets
  • accounting standards and corporate governance
  • financial theory
  • portfolio management
  • options and futures markets
  • risk management

BSc Accounting and Finance includes an introductory first year to familiarise you with wider business topics, such as management, marketing and economics.

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.

Essex is one of just three UK universities to have received Q-Step Affiliate status, including for our BSc Accounting and Finance course, to support the way we develop the quantitative skills of our graduates.

This means we can provide work placement bursaries to develop your skills in evaluating numerical evidence, analysing data and designing research. We also offer the opportunity to follow a specialised degree path, where you graduate with enhanced quantitative skills. These are evidenced on your degree transcript, to help give you the competitive edge in the graduate job market.

BSc Accounting and Finance is taught at Essex Business School, ranked 25th in the UK for research quality (The Times and Sunday Times Good University Guide 2019). Our finance group is one of the largest and most respected in the country and our students and staff join us from all over the world.

We not only teach you how financial information underpins leadership, strategy and planning, but how financial decisions can impact society and the economy. We develop your understanding of governance and ethics, so you can take actions for the good of organisations and the wider world.

Essex Business School is an Investment Management Certificate (IMC) Advantage Partner and this course is aligned to the IMC syllabus, the industry’s benchmark entry-level qualification.

Why we're great.
  • We equip you with the necessary knowledge and skills to succeed at Essex and beyond.
  • Guarantee your place on your chosen course if you successfully complete your foundation year at Essex.
  • Small class sizes allow you to work closely with your teachers and classmates.
THE Awards 2018 - Winner University of the Year

Our expert staff

You learn from academics and industry practitioners whose research continues to have a real-world impact. Many of our highly qualified and enthusiastic team are published in world-leading journals and publications.

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 emerging economies
  • corporate governance in developing countries
  • contemporary financial markets and their participants

Our staff embed the latest research into your course, so you learn about real-world issues affecting business right now.

Professor of Banking and Finance, Claudia Girardone, leads the way in finance research as Director of the Essex Finance Centre (EFiC), our long-established and world-renowned teaching excellence and research centre in finance and banking. Professor Girardone is also Director of Research for Essex Business School and leads on embedding EFiC group research in the curriculum. You will benefit from her application of banking sector performance indicators and corporate governance in our finance programmes.

Specialist facilities

Our BSc Accounting 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 custom designed building provides you with superb facilities:

  • a virtual trading floor with Bloomberg Terminals offering direct use of Bloomberg data, information and analytics
  • access to X_TRADER, industry-leading software for trading multiple markets from a single screen
  • light and spacious lecture theatres with ‘listen again’ recording to aid your study
  • study pods and innovation booths for group working
  • a café and adjacent foyer to enjoy on-site fresh food and drink
  • study skills support provided by the Essex Business School Learning Team

Discover our trading floor:

Our Colchester building is located on the Knowledge Gateway, an innovation park housing some of the East of England’s most exciting science, technology and creative businesses. Parkside Office Village sits on the site, providing potential opportunities for networking, internships and work experience directly on campus.

Your future

The dual disciplines of accounting and finance means that you will be well suited to sector specific roles in chartered accountancy and management accountancy as well as more generalist roles such as management consultancy or financial management.

The financial services sector is highly competitive but it also a huge employer of graduates and the skills you will gain in quantitative analysis, accountancy practices, commerce and market analysis will make you an attractive prospect.

Many of our graduates go on to graduate accountancy or financial associate roles straight after graduation as Essex Business School prepares you for the world of work from day one.

The BSc Accounting and Finance 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 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:

  • 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
  • Private Client Tax Senior Associate at PwC - a multinational professional services network
  • Global Finance & Business Analyst at J.P. Morgan – global financial services provider

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 and Finance 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 to study Accounting and Finance because at sixth form I studied accounting, business, economic, maths and further maths so all my subjects were linked to accounting and finance. I realised I liked the subject and chose to study further at university.

I love maths, however, enjoying and loving maths does not equal to being good at maths! But, you’ve got to do something you enjoy. I was doing just BSc Accounting at first but at the end of my first year I changed my degree to BSc Accounting and Finance because I really enjoyed the finance modules in my first year because there was loads of algebra and maths in it so I thought “why don’t I take that up?”. It adds a little more spice to my degree, it’s a dual degree so I can go to both branches and it gives me more options.

Fia Almanda, BSc Accounting and Finance, 2019

Find out more about Fia's story.

Entry requirements

UK entry requirements

UK and EU applicants should have, or expect to have:
72 UCAS tariff points from at least two full A-levels, or equivalent.

Examples of the above tariff may include:

  • A-levels: DDD
  • BTEC Level 3 Extended Diploma: MMP

All applicants must also hold GCSE Maths at grade C/4 or above.

Essex Pathways Department accepts a wide range of qualifications from applicants. If you are unsure whether you meet the entry criteria, please get in touch for advice.

Essex Pathways Department is unable to accept applications from international students. Foundation pathways for international students are available at the University of Essex International College and are delivered and awarded by Kaplan, in partnership with the University of Essex. Successful completion will enable you to progress to the relevant degree course at the University of Essex.

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 5.5 overall. Specified component grades are also required for applicants who require a Tier 4 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 required. Please note that date restrictions may apply to some English language qualifications

If you are an international student requiring a Tier 4 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

Our Year 0 courses are only open to UK and EU applicants. If you’re an international student, but do not meet the English language or academic requirements for direct admission to your chosen 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.

Structure

Example structure

The structure of this course provides you with an in depth look at key areas of both accounting and finance. As well as modules focussing mainly on the numbers you’ll also put these into perspective and learn how managers use accounting and financial information to make decisions.

Year zero provides with you the necessary skills and knowledge in order for you to progress onto your chosen area of study. Successful completion of year zero guarantees you entry to the first year of your undergraduate degree course.

In the first year you’ll also cover wider business topics that every manager needs to know. In second and third year you’ll have optional modules and by picking certain modules you’ll be able to maximise the number of exemptions available to you from bodies such as ACCA.

The structure shown below is just one example from the current academic year of how the degree could look, including some popular optional modules.

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore all modules listed are subject to change. To view the full programme structure and lists of available optional modules currently on offer please click on the link below.

Introduction to Business Management

What are the key concepts in business management today? Explore core elements within the field of business management, covering topics in banking, finance, management and accounting. Apply theoretical concepts to key organisations, companies and institutions. Develop your analytical skills and practical knowledge of this dynamic sector.

View Introduction to Business Management on our Module Directory

Introduction to Economics

What is economics? And what are the main economic theories and principles? Build your understanding, studying topics in microeconomics and macroeconomics. Develop your knowledge of economic implications and build your analytic skills in using simple mathematical techniques and economic diagrams.

View Introduction to Economics on our Module Directory

Mathematics and Statistics for Economics and Business

Want to use mathematical techniques to solve problems? And to calculate basic statistical measures? Develop mathematical skills like number work, algebra, geometry, probability and statistics that can be used on any course requiring mathematics above Higher GCSE standard. Learn to solve relevant problems and know how to present data clearly.

View Mathematics and Statistics for Economics and Business on our Module Directory

Research and Academic Development Skills

Academic Skills covers the key areas that you will experience during your degree, preparing you for aspects of academic study at undergraduate level. The module enables you to develop and enhance your existing abilities by focusing on the core skills of reading, writing, listening and speaking in an academic context. It does this with both generic texts and also, crucially, those related to your subject area. Academic Skills provides strategies for successful communication and interaction through independent and collaborative learning offering opportunity to further enhance your research skills. The content is designed to ensure that you acquire a range of transferable employability and life skills.

View Research and Academic Development Skills on our Module Directory

Introduction to Accounting

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

Quantitative Methods and Finance

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

Introduction to Management and Marketing

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

Economics for Business

Join experts from our Department of Economics for your essential introduction to economics that business managers and leaders need to know. How are firms organised? What are the economic implications of this? And how does it affect the markets in which they operate? Develop an understanding of the central concepts of economics, then learn how to apply these principles to economic problems.

View Economics for Business on our Module Directory

Research and Study Skills for Professional Development

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

Student Success Tutorial

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

Financial Reporting and Analysis

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

Management Accounting I

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

Management Accounting II

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

Corporate Finance

Explore how financial theory can aid financial decision-making in corporations. You discover how to apply the value maximization principle to corporate decisions, such as investment decision, borrowing decisions, and dividend decisions.

View Corporate Finance on our Module Directory

Portfolio Analysis

What is the appropriate measure of risk for a particular security? How might an investor decide on the weightings of different assets in his/her portfolio? How can we identify mispriced stocks? Should you invest your savings in an actively managed fund or in a passive fund? You consider the main theories of risk and return and explore the implications of these theories for investors' decisions.

View Portfolio Analysis on our Module Directory

Financial Modelling

Making extensive use of Excel spreadsheets, you use real data to analyse different financial models. Applications will include models of portfolio selection, asset pricing and risk management, as you learn to use basic statistical concepts to test hypotheses relating to financial models.

View Financial Modelling on our Module Directory

Successful Futures

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

Quantitative Foundations of Finance

Would you play the lottery? Should you buy smartphone insurance? When are car insurance premiums too expensive? This module further examines key concepts in modern finance theory and explores how they help to make better investment decisions. You explore probability concepts and learn how they are used to describe the risks and consequences of financial decisions. You explore how individuals decide whether risks are worth taking and how investment companies use software to minimise financial risks and maximise rewards. You explore important concepts used by investment banks and fund managers, including mean-variance analysis, net present value and pricing models.

View Quantitative Foundations of Finance on our Module Directory

Current Issues in Financial Reporting

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

Advanced Management Accounting

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

Options and Futures

In this module you study the derivative market, in particular, futures and options markets. You explore various futures markets including the stock index, FX, commodities and interest rate contracts, how they are priced and hedged, and different trading strategies; as well as considering different option positions, the relationship between call and put option prices, and trading strategies.

View Options and Futures on our Module Directory

Risk Management and Financial Institutions

The (mis)use of financial derivatives can potentially have catastrophic consequences for those who acquire them. And yet in recent years derivatives have become increasingly important, both for the financial sector and for the wider economy. On this course you discover how risk can be managed with the use of derivative instruments.

View Risk Management and Financial Institutions on our Module Directory

The Pricing of Securities in Financial Markets

Investigate the theoretical foundations of some widely used pricing models for securities traded in financial markets – equities, options and bonds. You gain an understanding of the theoretical foundations of these models so that you can appreciate both the usefulness and/or the weakness of these models.

View The Pricing of Securities in Financial Markets on our Module Directory

International Finance

Gain a thorough understanding of the basic international arbitrage relationships of some basic models of exchange rate determination. You then explore topics in economics such as models of currency crisis, and the South American and East Asian Crisis, and investigate international markets from the perspective of a multinational firm, where topics such as the international cost of capital and foreign direct investment are covered.

View International Finance on our Module Directory

Applying E-Commerce in Business

This module evaluates the opportunities and challenges of conducting businesses online. You develop your critical and analytical skills by exploring key concepts in ecommerce and electronic business and examining their effects on society and the economy. Topics include e-business infrastructure, online revenue, payment systems, digital marketing and online security. You also debate the ethical, moral and legal issues of trading online, including areas such as spatial unboundedness, ‘the digital divide’, privacy and security breaches.

View Applying E-Commerce in Business on our Module Directory

Teaching

  • Your teaching mainly takes the form of lectures and classes, the latter involving about 20 students
  • You can contribute and interact in lectures through the use of smart technology
  • A typical timetable includes a one-hour lecture and a one-hour class for each of your four modules every week
  • Any language classes involve language laboratory sessions
  • Our classes are run in small groups, so you receive a lot of individual attention

Assessment

  • Your assessed coursework will generally consist of essays, reports, in-class tests, individual or group oral presentations, and small scale research projects

Fees and funding

Home/EU fee

£9,250

International fee

£16,050

Fees will increase for each academic year of study.

Home and EU fee information

International fee 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.

2019 Open Days (Colchester Campus)

  • Saturday, October 26, 2019

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 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 applicants 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

Please note that this course is not open to international applicants.

Applicant Days and interviews

Resident in the UK? If your application is successful, we will invite you to attend one of our applicant days. These run from January to April and give you the chance to explore the campus, meet our students and really get a feel for life as an Essex student.

Some of our courses also hold interviews and if you’re invited to one, this will take place during your applicant day. Don’t panic, they’re nothing to worry about and it’s a great way for us to find out more about you and for you to find out more about the course. Some of our interviews are one-to-one with an academic, others are group activities, but we’ll send you all the information you need beforehand.

If you’re outside the UK and are planning a trip, feel free to email applicantdays@essex.ac.uk so we can help you plan a visit to the University.

Colchester Campus

Visit Colchester Campus

Home to over 13,000 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.

The University makes every effort to ensure that this information on its course finder 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 a change of law or regulatory requirements, industrial action, lack of demand, departure of key personnel, change in government policy, or 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 prospective 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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