2020 applicants
Undergraduate Course

BSc Accounting with Economics

Now In Clearing
BSc Accounting with Economics

Overview

The details
Accounting with Economics
NL41
October 2020
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 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.

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

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.

For students who commence their course in 2020, if you spend a full year abroad you’ll pay no tuition fees to Essex for that year. You won't pay any tuition fees to your host university either.

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.

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

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 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

Clearing entry requirements

Specific entry requirements for this course in Clearing are not published here but for most of our degree courses you will need to hold a Level 3 qualification. If you are interested in applying and have already received your results, use our Clearing application form to apply for 2020 entry and find out if you are eligible. You will be asked to provide details of your qualifications and grades.

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

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 you’ll also cover wider business topics that every manager needs to know. 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.

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 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

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

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

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

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 on our Module Directory

Audit Principles and Practice

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 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

Contemporary Debates in 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 Contemporary Debates in Accounting on our Module Directory

Market Structure and Strategic Behaviour (optional)

How do firms make decisions? And how do these decisions impact on the prices you pay? What role does game theory play? Understand strategic interaction among firms, using theoretical tools to examine real-world examples. Analyse the main economic forces behind firm behaviour, adapting economic models to study particular challenges.

View Market Structure and Strategic Behaviour (optional) on our Module Directory

Econometric Methods (optional)

In this module you will explore a range of methods used in the modern application of econometric techniques to economic and financial data. The course will enable you to practise the relevant methods, rather than to derive estimators or tests, or to prove the theorems upon which these are based.

View Econometric Methods (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

£16,860

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.

How to apply during Clearing

Once you’ve checked that we have the right course for you, applying couldn’t be simpler. Fill in our quick and easy Clearing application form with as much detail as you can. We’ll then take a look and get back to you with a decision. There’s no need to call us to apply; just do it all online.

Find out more about Clearing

Interviews

We don’t interview all applicants during Clearing, however, we will only make offers for the following course after a successful interview:

  • BA Multimedia Journalism
  • BSc Nursing (Adult)
  • BSc Nursing (Mental Health)
  • BA Social Work

The interview allows our academics to find out more about you, and in turn you’ll be able to ask us any questions you might have. Further details will be emailed to you if you are shortlisted for interview.


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