The information on this page relates to September 2016 entry. For 2017 information, including grade requirements, please check our prospectus.
In choosing to study the Accounting & Finance Degree and Economics Degree (LN14) at Aberystwyth University you will be taught in a department that has an excellent reputation for the quality of its courses and the success of its graduates. The Accounting & Finance and Economics Degree will enable you to gain a solid base in all key areas of business finance, accountancy and economics along with the essential transferable skills that are highly sought after by employers. When you graduate with your Accounting & Finance and Economics Degree, you will receive exemptions towards professional qualifications from UK accounting bodies. Expand the sections below to discover more...
In this joint honours programme you will divide your time equally between the two disciplines of Accounting & Finance and Economics within the renowned School of Business and Management.
Why study Accounting & Finance and Economics at Aberystwyth?
Our various Accounting and Finance programmes are accredited by the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CIMA), the Institute of Chartered Accountants in England and Wales (ICAEW), the Chartered Institute of Public Finance and Accountancy (CIPFA), the Chartered Insurance Institute (CII), and the Institute of Chartered Secretaries and Administrators (ICSA). This means that, on successful completion of your Accounting & Finance and Economics degree, you will be able to gain exemption from certain examinations and achieve professional qualifications at an earlier stage.
The School of Management and Business has an excellent reputation for the quality of its courses and for the success of its graduates across a wide variety of careers and contexts. We believe in a teaching model which requires active student involvement rather than passive information-gathering, ensuring that you can meet the demands of potential employers on graduation.
100% of our 2014 School of Management and Business graduates were in employment or further study 6 months after graduating (DLHE 2014). This reflects our investment in innovative and strategic, student-focused employability initiatives which encompass all our academic institutes and which we firmly believe are likely to improve our employability ratings still further.
The 2015 National Student Satisfaction survey results show significant improvement in many areas of our students' satisfaction. Students on courses in the School of Management and Business have reported high levels of satisfaction with the quality of teaching they received and with the learning resources to which they have access.
Teaching in the School of Management and Business is underpinned by research. Our academic staff publish their work in leading academic journals and regularly act as consultants to a range of organizations. We have significant strengths in areas such as entrepreneurship, human resource management, international business and operations and supply chain management. In the most recent Research Excellence Framework (2014) assessment the university was placed in the top 50 institutions for research power and intensity. It submitted 77% of eligible staff and 95% of the university's research was of an internationally recognised standard.
Our lecturers are actively engaged in academic and policy-oriented research and consulting. Many have a professional business, as well as an academic, background allowing us to inform you of the latest developments in your subject and pass on a practical awareness of the contemporary business environment. By applying their real-world knowledge to theoretical concepts, your learning experience is firmly located in the context of proper professional practice. Our programmes are supported by visiting speakers who also bring their professional experience to the classroom.
We have arrangements with many partner universities overseas to deliver short academic programmes (2 weeks) to small groups of management and business students (on a self-funding basis), to enable you to experience the impact of the cultural environment when conducting business abroad. We currently have partner universities in India, China, Russia, Japan, the United Arab Emirates and Brazil and our portfolio of countries is rapidly expanding.
Students at the Aberystwyth University School of Management and Business are taught by lecturers and other teaching staff who are active researchers and expert practitioners in their chosen subject area.
Over 75% of full time members of teaching staff are qualified to PhD level. Most are currently research active, meaning that students benefit from being taught ‘new’ knowledge in their chosen field of study as well as recognized literature. The School also employs part-time and full time staff devoted purely to teaching. Many part-time staff combine teaching duties with consultancy and business activities, ensuring that students have access not only to up to date research but the latest applied knowledge.
Please note: The modules listed below are those currently intended for delivery during the next academic year and may be subject to change. They are included here to give an indication of how the course is structured.
Year 1 Core (110 Credits) You must pass a minimum of 100 credits overall to proceed to Part 2
Introduction To Management Accounting AC10510
Financial Accounting 1 AC11000
Economic Principles And Skills 1 EC10120
Mathematics For Economics And Finance 1 MA12610
Introduction To Financial Management AC10710
Financial Accounting 1 AC11020
Economic Principles And Skills 2 EC10320
Statistics For Economists EC10910
Mathematics For Economics And Finance 2 MA13610
Year 1 Electives You must take 10 credits
Year 2 Core (100 Credits)
Corporate Finance And Financial Markets AC30500
Financial Accounting 2 AC32900
Management Accounting 2 AC33100
Intermediate Microeconomics; Consumers And Producers EC30220
Corporate Finance And Financial Markets AC30520
Financial Accounting 2 AC32920
Management Accounting 2 AC33120
Macroeconomic Behaviour And Systems EC30320
Year 2 Electives You must take a further 20 credits Accounting and Finance in Part 2
Final Year Core (80 Credits) You must take
Investments And Financial Instruments AC30400
Advanced Topics In Macroeconomics EC31120
Business Law LA30700
Investments And Financial Instruments AC30420
Advanced Topics In Microeconomics EC31020
Business Law LA30720
Final Year Electives You must take a further 40 credits of Economics modules in Part 2
A degree in Accounting & Finance and Economics will prepare you for a specialist career as a chartered accountant, chartered certified accountant, chartered management accountant, chartered public finance accountant or accounting technician. Other career pathways include tax adviser, auditor, investment analyst, financial risk analyst, financial trader, retail banker, economist and actuary. You will alos be suited for employment within the Civil Service, Diplomatic Service or local government.
Studying for a degree in Accounting & Finance and Economics will equip you with a range of transferable skills which are highly valued by employers. These include:
• enhanced numerical skills
• the ability to research, interpret and analyse business and financial data
• the ability to express ideas and communicate information in a clear and structured manner, in both written and oral form
• effective problem-solving
• analytical and creative thinking skills
• the ability to work independently
• time-management and organisational skills, including the ability to meet deadlines
• self-motivation and self-reliance
• team-working, with the ability to discuss concepts in groups, accommodating different ideas and reaching agreement
In addition you will gain:
• an understanding of organisational behaviour and structure
• an appreciation of the causes and effects of economic and other external changes
Year in Employment scheme (YES)
The University operates a Year in Employment Scheme (YES), which offers you a fantastic opportunity to take a year out between your second and third year to work in an organisation in the UK or overseas. YES provides a very rewarding and worthwhile experience, both personally and professionally, and can help you to stand out from the crowd in a very competitive job market. The University’s Career Service will help you to explore your options and secure a suitable work placement.
GO Wales is administered by the University’s Career Service, working with local businesses to create paid work placements of a few weeks’ duration for students. It gives you the opportunity to gain valuable work experience which will enhance your CV and make you more attractive to potential employers.
What will I learn?
In the first year you will lay the foundations for your future studies by learning about the three key areas of financial accounting, management accounting, and financial management. You will also be introduced to quantitative methods, and the fundamental principles underlying microeconomics and macroeconomics. No prior knowledge is assumed or is necessary.
In the second year you will consolidate and build upon your knowledge of financial and management accounting, and will explore investment analysis, portfolio selection and risk management. You will gain a detailed understanding of how the open economy operates, and will look at key concepts in microeconomic theory, consumer behaviour, and welfare economics.
In the third year you will build on your core understanding of microeconomics and macroeconomics, and will be introduced to corporate finance and business law. A choice of optional modules in economics will enable you to focus on the areas of primary interest to you.
How will I be taught?
Core material is delivered through lectures, and reinforced by small-group seminars and tutorials. These will help you to deepen your understanding of the subject matter and develop a range of essential, transferable skills. Group-working and delivering presentations will help you to improve your communication and leadership skills. All modules are backed up by electronic resources to help you study beyond the classroom, and a wealth of printed texts is available in the University library, and the National Library of Wales, which is situated next to the main campus.
You will be assessed by a variety of methods, including examinations, assessed essays, reports, projects and presentations. Coursework will develop your capacity to research, analyse and present data clearly and coherently, while seminars will help you hone your presentation and communication skills.
You will be assigned a personal tutor throughout your degree course, who will help you with any problems or queries, whether these are academic-related or personal issues. You should feel free to contact them at any time for help and advice.
You will also have the opportunity to complete a Personal Development Plan (PDP) at Aberystwyth. This is a structured process of self-appraisal, reflection, and planning, which will enable you to chart your personal, academic and professional development throughout your time at university. By recording your academic performance, and highlighting the skills you already have and those you will need for future employability, the PDP portfolio will equip you with the necessary tools to plan effectively, develop successful approaches to study, and consider your future career options and aspirations.
It provides a vast array of knowledge applicable to business as well as world markets. I find it challenging, but incredibly rewarding at the same time. The tutors are very approachable and always there to talk to and are ready to help whenever you need some guidance. All the careers advice that I have received so far has really helped me to shape the direction that I would ideally like to take in the future. Harry James Geyton
I enjoy learning about how the economy works. How money isn't just printed out at anytime, but is controlled by the government. Economics allows me to understand the fundamental problems that all societies face. Moreover, it focuses on the interaction of the market and people, how economic agents behave or interact, and how the economy works. Fon Yih Young