Accounting Subject Guide

The Department, along with the Departments of Finance and Management, was ranked as the UK leader for Business and Management Studies in the most recent National Research Assessment retained earnings Exercise. This kind of skill will require you to master research and analysis, elements of finance and economics, reporting and statistics, business fundamentals, and much more.

Management accounting

These will allow students to effectively match problem-solving techniques to a range of differing scenarios. In doing so, students will be expected to operate in teams, reflect on their practice and recognise aspects for self-development and improvement.

In most cases, accountants use generally accepted accounting principles (GAAP) when preparing financial statements in the United States. GAAP is a set of standards and principles designed to improve the comparability and consistency of financial reporting across industries. Its standards are based on double-entry accounting, a method in which every accounting transaction is entered as both a debit and credit in two separate general ledger accounts that will roll up into the balance sheet and income statement. Just as managerial accounting helps businesses make decisions about management, cost accounting helps businesses make decisions about costing. Essentially, cost accounting considers all of the costs related to producing a product.


Study on a degree accredited by the Chartered Institute of Management Accountants (CIMA), the Institute of Chartered Accountants in England and Wales (ICAEW) and the Association of Chartered Certified Accountants (ACCA). Our BSc Accounting programme is accredited by the Accounting Professional Bodies and is designed to equip you with practical skills and professional confidence for a successful accounting career or in preparation for postgraduate study and research. The Chartered Institute of Management Accountants (CIMA) for the purpose of exemption from some professional examinations through the Accredited degree accelerated route.

Both experiences will strengthen your skills, build your confidence and make you stand out to potential future employers. If you bookkeeping want to work in investment management, qualifying as a Chartered Financial Analyst (CFA) is one way to give your CV the edge.

Financial and Professional Services sectors. Our rounded teaching programmes also provide the broader business acumen and management expertise for future careers.

Three tips for long-term tax confidence

The first area, namely financial accounting, is primarily useful for ascertaining the results of the business on a periodical basis; for example, one year. “AccountingCoach PRO is an exceptional service. It not only provides all the essential material to succeed in learning accounting and finance, but also explains all the relevant details that make the difference when you need to understand the complexity of accounting systems. As a communication trainer and business coach, I had to pick up the language of accounting in no time in order to communicate more effectively with my clients. This website’s benefits have exceeded my expectations. Many thanks for your great support.” – Theirry F. At his first meeting with Marilyn, Joe asks her for an overview of accounting, financial statements, and the need for accounting software.


The areas of study within this module include, the corporate environment, costing techniques for competitive advantage, strategic management accounting and performance measurement, control and behavioural issues. Continue building your knowledge and skills through modules that currently include the Law of Business Enterprises, Taxation Practice, Understanding Financial Statements and Management Accounting Techniques. We have strong links with the UK’s leading professional accounting bodies, including the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CIMA), the Institute of Chartered Accountants in England and Wales (ICAEW) and the Chartered Institute of Public Finances and Accounting (CIPFA).

  • Focuses on the role and importance of corporate governance and the relationship between shareholders and management; the importance of ethics to society, business and the professional accountant; and introduces the topics of contract law, tort law, agency law, employment law and company and insolvency law.
  • This module provides an opportunity for students to obtain a broad awareness of the theoretical and practical influences on international financial reporting and the opportunity to prepare financial statements for groups.
  • Options currently include French, German, Spanish, Mandarin and Japanese.
  • This course is accredited by the Association of Chartered Certified Accountants and the Chartered Institute of Management Accountants.
  • Students will develop the ability to apply knowledge and understanding of accounting to complex issues.
  • The module will cover the reporting, strategy and financial management of companies and link theory to practice through practical exercises and case studies.

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. 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.

Many have also used their degree as the basis for very successful postgraduate study. Past graduates from this course have progressed to our Masters degrees in what are retained earnings and Finance, Marketing, Economics and Finance. This module will further enhance your understanding of tax planning, enabling you to give tax advice to others. The module will also help you to develop the technical skills needed to produce tax computations for companies and individuals.

While basic accounting functions can be handled by a bookkeeper, advanced accounting is typically handled by qualified accountants who possess designations such as Certified Public Accountant (CPA) or Certified Management Accountant (CMA) in the United States. In Canada, the designations are Chartered Accountant (CA), Certified General Accountant (CGA), and Certified Management Accountant (CMA); however, all three will be unified under the designation Chartered Professional Accountant (CPA) in the near future. Professional accountants follow a set of standards known as the Generally Accepted Accounting Principles (GAAP) when preparing financial statements. The faculty offers an MSc Financial Management for those who wish to undertake further study.

You’ll learn a lot of business skills on an accounting degree, but it’ll always relate back to money. You’ll spent the first year focusing on core topics that underpin the subject, after which you’ll specialise in areas that interest you – like auditing, tax, or management. Accounting revolves around the reporting and analysis of how money flows in and out of a business, ensuring that regulations are complied with and challenges are avoided. Finance looks more toward assets, liabilities, and future growth. Practitioners of accounting are known as accountants.

The module is designed to allow you the opportunity to analyse and interpret “real data” from various areas of the business world. In studying this module you will develop your knowledge and skills in conducting survey research within business. The module will provide you with an understanding of the operation of the UK tax system. You will develop online accounting technical skills to produce income and corporation tax computations. Specific areas covered during this module will include corporation tax computations, personal income tax, and computations including employment income, business tax computations including adjusted profit computations, capital allowances, self-assessment, losses and partnerships.

You will study the role of financial reporting and its use to stakeholders and the application of accounting standards in the preparation of financial statements. The module will also focus on the preparation and purpose of group accounts and emerging problem areas in financial reporting. It will enable you to calculate, present and interpret accounting reports with regard to current regulatory requirements and apply current and relevant accounting standards in the preparation of financial statements. At Essex Business School we offer all our students a wide variety of support throughout your time with us.

Should you buy smartphone insurance? When are car insurance premiums too expensive?

Students will gain understanding of various Islamic modes of financing and various financial instruments. The module will also provide knowledge and understanding of Islamic contract and Islamic commercial law.

online bookkeeping principles are essential rules and concepts that govern the field of accounting, and guides the accounting process should record, analyze, verify and report the financial position of the business. We now offer five Certificates of Achievement for Introductory Accounting and Bookkeeping. The certificates include Debits and Credits, Adjusting Entries, Financial Statements, Working Capital and Liquidity, and Payroll Accounting.

On our accredited courses you’ll learn and develop a combination of accounting, finance and other business skills. The Department of Accounting enjoys a pre-eminent reputation for the excellence of their teaching and research, and for their leading role in shaping public-policy issues. They rank alongside the most highly-rated departments in accounting worldwide, with accounting having been taught at LSE since 1896.

IFRS’s will then be studied to examine both how they have been influenced by the IASB’s conceptual framework and how they are applied in practice. The choice of standards to be studied will be influenced by current developments in accounting.

There’s also flexibility to study non-accounting modules through your options. You may decide to opt for a placement year, where you develop your professional skills and build a network of business contacts. A placement year can give you a career advantage by showing future employers that you are a dedicated and experienced professional.