Undergraduate Course

BSc Accounting with Economics

BSc Accounting with Economics

Overview

The details
Accounting with Economics
NL41
October 2018
Full-time
3 years
Colchester Campus

How are financial and business decisions influenced by economics? How will the current economic crisis, Brexit and the US Election outcome impact pension schemes? How will they affect 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 professionally accredited 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.

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 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.

EBS 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.

Our accounting courses have 90% student satisfaction and our Economics Department is ranked in the top 25% nationally. (NSS, 2017).

Professional accreditation

Completion of our course provides you with accreditations and exemptions from the following professional bodies:

  • The Association of Chartered Certified Accountants (ACCA)
  • The Institute of Chartered Accountants in England and Wales (ICAEW)
  • The Chartered Institute of Management Accountants (CIMA)

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

Why we're great.
  • Gain exemptions from some ACCA, ICAEW and CIMA exams.
  • We're ranked in the UK's top 25 for research excellence (REF 2014).
  • The Department of Economics is in the UK’s top 5 for research excellence (REF, 2014).

Study abroad

We enable you to study abroad for a year with the four-year version of this course. In all other areas, your course remains the same as the three-year BSc Accounting with Economics.

Studying abroad allows you 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. We have exchange partners in the United States, Europe, Canada, Australia, New Zealand, Latin America, the Middle East, Hong Kong and Japan.

If you spend a full year abroad you'll only pay 15% of your usual tuition fee to Essex for that year. You won't pay any tuition fees to your host university

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 Essex Business School Placements Manager 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.

If you complete a placement year you'll only pay 20% of your usual tuition fee to Essex for that year.

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.

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

EBS academics 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

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. Our landmark zero carbon Essex Business School building is set around a lush winter garden. The Eden-style dome gives the building its own micro-climate.

Our new building provides you with excellent facilities:

  • a virtual trading floor with Bloomberg Terminals offering direct use of Bloomberg data, information and analytics
  • light and spacious lecture theatres
  • study pods and innovation booths for group working
  • a café with an adjacent sun terrace
  • study skills workshops

Our Colchester building is located on the Knowledge Gateway, the University’s research and technology park. Parkside Office Village is situated on the site, providing potential networking and work experience opportunities with a range of exciting businesses.

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
  • the lively Economics Society, an active and social group where you can explore your interest in your subject with other students

Your future

In 2016, 80% of Essex Business School undergraduates were in professional employment or postgraduate study within six months of graduating (DLHE 2016).

Our recent graduates enjoy rewarding careers at large organisations and dynamic SMEs such as:

  • AVIVA
  • IBM
  • EY
  • WeFarm, a social enterprise helping farmers out of poverty
  • Footprint Digital, a fast-growing digital marketing agency

Many have also started their own successful businesses. Recent examples include:

We understand the skills and knowledge employers want and ensure you develop them throughout your studies by including modules in career development and professional skills as part of your course. We give you the opportunity to take part in employability opportunities, such as employer talks. The University’s Employability and Careers Centre provides further advice on securing 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 (to be awarded 2017)

Entry requirements

UK entry requirements

A-levels: BBB
GCSE: Mathematics C/4

IB: 30 points, including Standard Level Mathematics 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. 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. 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.

Entry requirements for students studying BTEC qualifications are dependent on units studied. Advice can be provided on an individual basis. The standard required is generally at Distinction level.

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.

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 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 listed above. 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

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

Example structure

We offer a flexible course structure with a mixture of compulsory and optional modules chosen from lists. Below is just one example structure from the current academic year of a combination of modules you could take. Your course structure could differ based on the modules you choose.

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 compulsory modules and full list of optional modules currently on offer, please view the programme specification via the link below.

Introduction to Accounting

Discover the nature and role of accounting, discussing who uses accounting information and for what purposes. You learn about the processes used to record, summarise and present accounting data, using the computerised accounting package MyAccountingLab. You also investigate the development and role of regulation in governing accounting practice.

View Introduction to Accounting on our Module Directory

Quantitative Methods and Finance

Discover the applications of quantitative techniques in accounting, finance and management. You explore maths revision, the time value of money, rates of change, probability and statistics, 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

Explore the most significant issues in management theory and practice. You draw out some of the connections and disjunctures between management theory and management practice. You also consider the ethics of managing, and how to balance a business’s priorities with the organisation's wider responsibilities to society and other stakeholders.

View Introduction to Management and Marketing on our Module Directory

Introduction to Economics

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

Research and Study Skills for Professional Development

This module encourages you to become an active, independent learner, with the ability to reflect on business situations and form your own opinions. We cover areas designed to help you adjust to a university business education so 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

This compulsory module aims to help you excel in your academic studies by introducing you to effective study techniques and tools, including the study skills support and resources available to you within Essex Business School. 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

Microeconomics (Intermediate)

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

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

Introduction to Econometric Methods (optional)

Which econometric methods can analyse economic data? How do you critically assess applied economic literature? Learn how to carry out statistical and econometric calculations, plus gain experience of using the Stata software package. Demonstrate your subsequent understanding of the linear regression model with your own investigation on an empirical issue.

View Introduction to Econometric Methods (optional) on our Module Directory

Audit Principles and Practice (optional)

This module focuses on the practice of auditing and will be of specific interest if you intend to take professional accounting examinations after you graduate. You cover basic auditing concepts, including the tests and procedures auditors undertake to accumulate evidence. You explore the importance of independence in auditing and how auditors evaluate internal control systems. You examine the verification of assets and liabilities and learn about the different types of audit reports.

View Audit Principles and Practice (optional) on our Module Directory

Student Success Tutorial

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

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

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

Issues in Management Accounting

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 Issues in Management Accounting on our Module Directory

Economic Development in a Global Perspective (optional)

Familiarise yourself with the economic and social problems faced by developing countries, and discuss possible policy recommendations. This module combines economic theory with real-world situations, and also promotes external awareness, in particular social responsibility, whilst developing academic skills through enhancing analytical reasoning and critical evaluation. Upon completion of the module, you will be able to have a good understanding of the challenges faced by developing countries, demonstrate an awareness of the main current debates in development economics, and will be able to critically discuss policy implications.

View Economic Development in a Global Perspective (optional) on our Module Directory

Environmental Economics (optional)

Can economic analysis be applied to environmental issues? And to environmental policies? Understand the strengths and weaknesses of economic analysis when applied to the environment. Learn to design policies that result in positive environmental outcomes in the modern world.

View Environmental Economics (optional) on our Module Directory

Corporate Finance (optional)

Using your existing knowledge of microeconomics, you will develop your understanding of the methods used in the study of Corporate Finance, and how they are applied to real-world situations in today’s corporate world. You will look at concepts of asset pricing, in particular the Capital Asset Pricing Model, will learn the basics of valuation techniques and their practical applications, and will explore and asses the theorems of ‘Capital Structure’. And ‘Corporate pay-out policy’.

View Corporate Finance (optional) on our Module Directory

Accounting Project

This module gives you the chance to apply the knowledge and skills gained on your course by undertaking an independent research project on an accounting topic of interest to companies, organisations, government or society. Topics may include areas such as: accounting standards, audit and risk; regulation; governance; financial markets; taxation and financial management. Workshops guide you towards the selection of a problem or question to investigate and you attend two one-day Accounting Project Conferences to learn how to prepare, plan and complete your research. By undertaking the project, you develop research skills, competencies and knowledge vital for the professional world of accounting post-graduation.

View Accounting Project on our Module Directory

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/EU fee

£9,250

International fee

£14,020

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.

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.

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 visit@essex.ac.uk so we can help you plan a visit to the University.

Colchester Campus

Visit Colchester Campus

We want you to throw yourself in at the deep end, soak up life and make the most of those special Essex moments.

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.

 

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.

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