Accounting and finance are what?
Simply said, accounting and finance combine the concepts of money and business with those of management. Together, they encompass a variety of institutional and organisational reporting, calculation, and assessment processes.
What is the difference between finance and accounting?
Accounting focuses on information analysis and the documentation of financial activities. While finance focuses on the management of a business’s money and funds.
Why study finance and accounting?
There are numerous reasons to study accounting and finance in college, ranging from the very useful transferrable skills you will acquire to the professional options it affords. Here are the top five advantages of accounting and finance studies:
1. an adaptable career path
With a degree in accounting and finance from a university, you will have a range of employment options available to you. You may pursue a career as a chartered accountant, stockbroker, or forensic accountant, or you could apply what you’ve learned to become a business development manager, data analyst, or mortgage consultant.
2. high earning capacity
Depending on the job route they choose, accounting and finance graduates have the opportunity to earn lucrative incomes. If you decide to pursue a career as a public or private accountant, you can anticipate a starting salary of approximately £18,000. With additional experience and the appropriate credentials, you can aspire to make up to £100,000 per year (National Careers Service).
Every sector requires accountants
Choosing a career in accounting and finance will provide you with the abilities to work in a field that is in constant demand. All types of businesses require accountants and financial experts to handle their finances. The high demand for accounting and finance graduates ensures your employment security.
4. Graduate programmes and instruction
A degree in accounting and finance leads to a plethora of graduate training programmes. If you wish to pursue a profession in accounting, you will be able to follow a predetermined path after graduation. You can join a well-established organisation as a graduate trainee and pursue a planned training programme with clear career advancement.
5. Transferable skills
A degree in accounting and finance will provide you with numerous transferable abilities that will strengthen your resume and make you desirable to a variety of employers. You will gain sophisticated analytical and problem-solving skills along with superior numerical and quantitative expertise. You will acquire skills that are often in high demand by employers, including:
Time management and organisation
Awareness and knowledge of business organisations
Competence in arguing a case and negotiating
Why study accounting and finance at Aberdeen University?
Accountancy degrees at the University of Aberdeen, which is recognised as the best university in the United Kingdom for accountancy and finance by The Complete University Guide 2021, offer a high-quality and practical education that will prepare you for the future.
Possibility to pursue a combined honours degree
Aberdeen offers the opportunity to pursue a dual honours degree in two fields. You can combine accountancy with company management, economics, finance, and legal studies, among others. Employers will be pleased by your passion and distinctive skill set, as a combined honours degree is tailored to your interests.
Actual employers and situations
In a dynamic learning and research environment, you will study from accounting practise specialists and benefit from the integration of real-world businesses and scenarios into your curriculum.
If you graduate from the University of Aberdeen with a degree in accounting, you will obtain a globally recognised credential. You will not only receive certification from the Institute of Chartered Accountants of Scotland (ICAS), but also from the Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA), which are accepted in the majority of countries worldwide, allowing you to pursue a career internationally.