The Essex website uses cookies. By continuing to browse the site you are consenting to their use. Please visit our cookie policy to find out which cookies we use and why.
View cookie policy.
Our BSc Accounting and Finance (Including Foundation Year) could be suitable for you if your academic qualifications do not yet meet our entry requirements for a three-year version of our business and economics courses and you want a programme that improves your skills to support your academic performance.
Open to UK and EU applicants, this four-year course includes a Foundation Year (known as Year Zero) which is delivered by our Essex Pathways Department followed by a further three years of study in our Essex Business School.
During Year Zero you will study on our Business and Economics Pathway which will cover topics such as the basics of business setup; and necessary mathematical and statistical skills. At the end of Year Zero all students who pass the Business and Economics Pathway will have a choice of which course to progress with. As well as BSc Accounting and Finance, students on the Business and Economics Pathway could also study BSc Business Management or BSc Economics.
From Year One of BSc Accounting and Finance, you will have access to our virtual trading floor, where you make use of real-world Bloomberg Market Data Feed (B-PIPE), information and analytics to practice trading stocks and securities in the type of environment found in City finance firms.
You study a wide range of topics and develop your quantitative skills, giving you the flexibility to pursue a career in finance, accounting or business management after graduation. You'll explore areas such as:
the preparation of financial statements and budgets
accounting standards and corporate governance
financial theory
portfolio management
options and futures markets
risk management
BSc Accounting and Finance (including foundation year) includes an introductory first year to familiarise you with wider business topics, such as management and marketing.
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.
The University of Essex is one of just three UK universities to have received Q-Step Affiliate status, including for our BSc Accounting and Finance course, to support the way we develop the quantitative skills of our graduates.
This means we can provide work placement bursaries to develop your skills in evaluating numerical evidence, analysing data and designing research. We also offer the opportunity to follow a specialised degree path, where you graduate with enhanced quantitative skills. These are evidenced on your degree transcript, to help give you the competitive edge in the graduate job market.
BSc Accounting and Finance is taught at Essex Business School. Our finance group is one of the largest and most respected in the country and our students and staff join us from all over the world.
We not only teach you how financial information underpins leadership, strategy and planning, but how financial decisions can impact society and the economy. We develop your understanding of governance and ethics, so you can take actions for the good of organisations and the wider world.
We’re in the top 200 globally for accounting and finance in the QS World University Rankings by Subject 2024.
At Essex Business School, we teach you to be accountable, act ethically and make financial decisions that positively impact both organisations and society.
Small class sizes in year zero allow you to work closely with your teachers and classmates.
Our expert staff
Our Essex Pathways Department is a gateway to the University of Essex, helping students without standard entry requirements to grow in confidence, unlock their potential, and nurture their ambitions so they can progress in academic study.
From Year One of BSc Accounting and Finance, you will learn from academics and industry practitioners whose research continues to have a real-world impact. Many of our highly qualified and enthusiastic team are published in world-leading journals and publications.
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
corporate governance in developing countries
Dr Silvia Gaia, Lecturer in Accounting at Essex Business School, researches the fields of Corporate Governance, financial and social-environmental reporting. She has publications in academic journals such as Accounting, Auditing and Accountability Journal, British Accounting Review, Journal of Business Ethics and International Business Review.
Our staff embed the latest research into your course, so you learn about real-world issues affecting accounting right now.
Specialist facilities
During Year Zero, you will have access to all of the facilities that the University of Essex has to offer, as well as those provided by our Essex Pathways Department to support you, such as:
computer labs for internet research; classrooms with access to PowerPoint facilities for student presentations; AV facilities for teaching and access to web-based learning materials
our new Student Services Hub will support you and provide information for all your needs as a student
a social space stocked with magazines and newspapers, providing an informal setting to meet your lecturers, tutors and friends
Our BSc Accounting and Finance is also based on our Colchester Campus, within the Essex Business School.
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. Surrounding a lush winter garden is a wealth of inspiring teaching and study zones for you to enjoy.
Our custom designed 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 and adjacent foyer to enjoy on-site fresh food and drink
study skills support provided by the Essex Business School Learning Team
Discover our trading floor:
Our Colchester building is located on the Knowledge Gateway, an innovation park housing some of the East of England's most exciting science, technology and creative businesses. Parkside Office Village sits on the site, providing potential opportunities for networking, internships and work experience directly on campus.
Your future
Experience of the dual disciplines of accounting and finance means that you will be well suited to sector specific roles in chartered accountancy and management accountancy as well as more generalist roles such as management consultancy or financial management.
We embed a series of core and specific skills into our undergraduate curriculum for BSc Accounting and Finance to ensure that our graduates are suited to careers in finance, accounting and management roles.
All of our taught modules embed elements of our skills map which emulate the skills which are required by employers of business, accounting and finance graduates, these generally include:
Our students have gone on to become financial analysts, accountants, hedge fund managers and insurance trainees, with recent graduate destinations including:
Private Client Tax Senior Associate at PwC - a multinational professional services network
Treasury Analyst at Hiscox, a multinational business insurance and home insurance provider
Junior Tax Consultant at Deloitte – the multinational and financial services network
Global Finance & Business Analyst at J.P. Morgan – global financial services provider
Junior Consultant - Valuation & Advisory at Cushman & Wakefield – commercial property and real estate consultants
Our accounting and finance graduates enjoy successful careers in their fields.
Additional to the skills development offered by Essex Business School, BSc Accounting and Finance students can also take advantage of the University of Essex Careers Service which focuses in particular on supporting the development of undergraduate employability, including: careers fairs, career mentoring, skills development, careers advice and guidance, placement year support, job opportunities, start-up support and more.
I chose to study Accounting and Finance because at sixth form I studied accounting, business, economics, maths and further maths so all my subjects were linked to accounting and finance. I realised I liked the subject and chose to study further at university.
I love maths, however, enjoying and loving maths does not equal being good at maths! But, you’ve got to do something you enjoy. I was doing just BSc Accounting at first but at the end of my first year I changed my degree to BSc Accounting and Finance because I really enjoyed the finance modules in my first year because there was loads of algebra and maths in it so I thought “why don’t I take that up?”. It adds a little more spice to my degree, it’s a dual degree so I can go to both branches and it gives me more options.
All applications for degree courses with a foundation year (Year Zero) will be considered individually, whether you
think you might not have the grades to enter the first year of a degree course;
have non-traditional qualifications or experience (e.g. you haven’t studied A-levels or a BTEC);
are returning to university after some time away from education; or
are looking for more support during the transition into university study.
Standard offer:
Our standard offer is 72 UCAS tariff points from at least two full A-levels, or equivalent.
Examples of the above tariff may include:
A-levels: DDD
BTEC Level 3 Extended Diploma: MMP
T-levels: Pass with E in core
For this course all applicants must also hold GCSE Maths at grade C/4 or above (or equivalent). We may be able to consider a pass in OFQUAL regulated Level 2 Functional Skills Maths where you cannot meet the requirements for Maths at GCSE level. However, you are advised to try to retake GCSE Mathematics if possible as this will better prepare you for university study and future employment.
If you are unsure whether you meet the entry criteria, please get in touch for advice.
Mature applicants and non-traditional academic backgrounds:
We welcome applications from mature students (over 21) and students with non-traditional academic backgrounds (might not have gone on from school to take level 3 qualifications). We will consider your educational and employment history, along with your personal statement and reference, to gain a rounded view of your suitability for the course.
You will still need to meet our GCSE requirements.
International applicants:
Essex Pathways Department is unable to accept applications from international students. Foundation pathways for international students are available at the University of Essex International College and are delivered and awarded by Kaplan, in partnership with the University of Essex. Successful completion will enable you to progress to the relevant degree course at the University of Essex.
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.
Sorry, the entry requirements for the country that you have selected are not available here. Please contact our Undergraduate Admissions team at ugquery@essex.ac.uk to request the entry requirements for this country.
English language requirements
English language requirements for applicants whose first language is not English: IELTS 5.5 overall with a minimum of 5.5 in each component, or specified score in another equivalent test that we accept.
Details of English language requirements, including component scores, and the tests we accept for applicants who require a Student visa (excluding Nationals of Majority English Speaking Countries) can be found here
If we accept the English component of an international qualification it will be included in the academic levels listed above for the relevant countries.
English language shelf-life
Most English language qualifications have a validity period of 5 years. The validity period of Pearson Test of English, TOEFL and CBSE or CISCE English is 2 years.
If you require a Student visa to study in the UK please see our immigration webpages for the latest Home Office guidance on English language qualifications.
Pre-sessional English courses
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.
Pending English language qualifications
You don’t need to achieve the required level before making your application, but it will be one of the conditions of your offer.
If you cannot find the qualification that you have achieved or are pending, then please email ugquery@essex.ac.uk.
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
Structure
Course structure
The structure of this course provides you with an in depth look at key areas of both accounting and finance. As well as modules focussing mainly on the numbers you'll also put these into perspective and learn how managers use accounting and financial information to make decisions.
Year zero provides with you the necessary skills and knowledge in order for you to progress onto your chosen area of study. Successful completion of year zero guarantees you entry to the first year of your undergraduate degree course.
In the first year our current students cover wider business topics that every manager needs to know. However, we are planning some changes to our first year and we'll be tailoring it more closely to your chosen course. In the second and third year you'll have optional modules and by picking certain modules you'll be able to maximise the number of exemptions available to you from bodies such as ACCA.
We offer a flexible course structure with a mixture of core/compulsory modules, and optional modules chosen from lists. Please be aware that we are planning changes to our first year to make it more relevant to your chosen course.
Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field. The following modules are based on the current course structure and may change in response to new curriculum developments and innovation.
We understand that deciding where and what to study is a very important decision for you. We'll make all reasonable efforts to provide you with the courses, services and facilities as described on our website and in line with your contract with us. However, if we need to make material changes, for example due to significant disruption, we'll let our applicants and students know as soon as possible.
Components and modules explained
Components
Components are the blocks of study that make up your course. A component may have a set module which you must study, or a number of modules from which you can choose.
Each component has a status and carries a certain number of credits towards your qualification.
Status
What this means
Core
You must take the set module for this component and you must pass. No failure can be permitted.
Core with Options
You can choose which module to study from the available options for this component but you must pass. No failure can be permitted.
Compulsory
You must take the set module for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.
Compulsory with Options
You can choose which module to study from the available options for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.
Optional
You can choose which module to study from the available options for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.
The modules that are available for you to choose for each component will depend on several factors, including which modules you have chosen for other components, which modules you have completed in previous years of your course, and which term the module is taught in.
Modules
Modules are the individual units of study for your course. Each module has its own set of learning outcomes and assessment criteria and also carries a certain number of credits.
In most cases you will study one module per component, but in some cases you may need to study more than one module. For example, a 30-credit component may comprise of either one 30-credit module, or two 15-credit modules, depending on the options available.
Modules may be taught at different times of the year and by a different department or school to the one your course is primarily based in. You can find this information from the module code. For example, the module code HR100-4-FY means:
HR
100
4
FY
The department or school the module will be taught by.
In this example, the module would be taught by the Department of History.
Mathematics and Statistics for Economics and Business
(30 CREDITS)
Want to use mathematical techniques to solve problems? And to calculate basic statistical measures? Develop mathematical skills like number work, algebra, geometry, probability and statistics that can be used on any course requiring mathematics above Higher GCSE standard. Learn to solve relevant problems and know how to present data clearly.
Academic Skills covers the key areas that you will experience during your degree, preparing you for aspects of academic study at undergraduate level. The module enables you to develop and enhance your existing abilities by focusing on the core skills of reading, writing, listening and speaking in an academic context. It does this with both generic texts and also, crucially, those related to your subject area. Academic Skills provides strategies for successful communication and interaction through independent and collaborative learning offering opportunity to further enhance your research skills. The content is designed to ensure that you acquire a range of transferable employability and life skills.
This module begins with the realm of management, exploring decision-making at individual, firm, and market levels. It covers essential management topics including models of management, corporate responsibility, communication, and innovation. Subsequently, the module transitions into examining economics perspectives on the role of market in determining prices and resource allocation, offering diverse viewpoints on decision-making to address economic challenges. It then extends into interactions between sectors such as household, firm, financial institution, government and foreign trade.
There is no assumption of prior knowledge of management or economics. It aims to equip students with a holistic understanding of economic and managerial dynamics. Real-life events, case studies and examples, combined with theories and concepts in management and economics, will be explored to foster deeper understanding.
This module introduces financial accounting and basic principles and techniques needed to analyse and interpret financial statements. Although the module is intended as an introduction for students majoring in accounting it will also benefit students who wish to gain some insight into the practices of accounting.
You’ll look at the nature and role of accounting and consider who uses accounting information and for what purposes. You’ll discuss the contents of annual reports, especially the narrative sections, and the qualitative characteristics of accounting information. Finally, the module will be concerned with key elements and the format of financial statements. You’ll earn to prepare company financial statements using trial balance and cover the techniques that can be used to analyse and interpret financial statements.
This module is intended for students majoring in accounting and those who have a keen interest in gaining an understanding of elementary financial accounting. Learn the basic principles and techniques for preparing and constructing a set of comprehensive financial statements.
The module commences with an introduction to double-entry booking keeping and accounting equations that govern the recording of business transactions. You’ll then discuss the recognition and measurement principles for accounting for some key items in financial statements, including inventory, accruals, prepayments, long-term assets, and long-term finance, using International Financial Reporting Standards as reference. Finally, the preparation of financial statements from the trial balance for various types of entities, incorporating a variety of simple adjustments.
Quantitative Methods and Finance is an introduction to the subject of quantitative methods and their applications in finance, accounting and management. The module is designed to provide a sound foundation for your future studies in finance, accounting or management. The topics covered include maths revision, the time value of money, rates of change (calculus), statistics, probability distributions and simple regression.
Introduction to Finance is designed to give you an introduction to the wider finance subject area ass well as firm foundation for further studies in finance. You’ll gain a overview of 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.
You’ll develop and be able to transmit knowledge about the financial system, instruments and markets and ideas about finance concepts and problems at an introductory level; be aware of, at an introductory level, different ways of thinking about and analysing financial phenomena; and, reflecting the principles of how we approach Finance at Essex Business School, you’ll gain an appreciation of the role that finance plays in society as whole.
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.
Introduction to Management is a broad-ranging module intended to provide a foundation in the most significant issues in management theory and practice, as well as to prepare you for related modules in subsequent years of your degree course.
Because theoretical explanations – i.e., academic interpretations of what managers do and even of what they say they do – and what managers actually do in real organisations on a day-to-day basis may differ, we will also draw out some of the connections and dis-junctures between management theory and management practice. Our teaching also emphasises the ethics of managing and how to balance the bottom line of the business with the organisation's wider responsibilities to society and other stakeholders.
Professional and Academic Development (Accounting)
(15 CREDITS)
A key module across all our Accounting coursers; Professional and Academic Development (Accounting) is a foundation in core academic skill requirements with the intention of improving the standard of work across all first-year modules. The module will also enable you to begin to focus on career planning and employability skills and establishing a career path. In addition, this module ensures all students have adequate access to their personal tutor on a regular basis.
The primary aim of this module is to deliver a range of study skills and introduce professional development at the start of Essex Business School students’ undergraduate programmes.
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.
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.
Explore how financial theory can aid financial decision-making in corporations. You discover how to apply the value maximization principle to corporate decisions, such as investment decision, borrowing decisions, and dividend decisions.
This module introduces students to quantitative methods that can be used to empirically analyse some of the theories introduced during other finance modules on their programmes, including asset pricing, portfolio analysis and corporate finance. With extensive use of appropriate quantitative software (EViews) students will be able to use real data to analyse financial models. An important component of the module involves using classical statistical concepts to test hypotheses relating to financial models.
What is the appropriate measure of risk for a particular security? How might an investor decide on the weightings of different assets in his/her portfolio? How can we identify mispriced stocks? Should you invest your savings in an actively managed fund or in a passive fund? You consider the main theories of risk and return and explore the implications of these theories for investors' decisions.
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.
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.
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.
This module looks to deconstruct what accounting and regulation is, and the role of international standard setters and politics in standard setting. You will look at accounting theory which forms the foundations for the approaches to accounting that are currently taken in society, we will look at the way that this forms the conceptual framework and the discuss the measurement approaches that are taken. It continues with a more in-depth look at corporate social responsibility (CSR) reporting, including discussions about recent initiatives as well as academic findings. You’ll then look at fair value accounting in terms of its valuation measurements, its strengths and weaknesses in comparison with historical cost accounting and its relationship with the global financial crisis.
Other issues covered are of foreign currency translation - to compare the different methods which can be used to account for it. And issues related to Off-balance Sheet accounting with a particular focus on lease contracts and the role that these tools have played in encouraging opportunistic behaviours that lead to the bankruptcy of global companies and to the recent global financial crisis. Finally, you’ll discuss the accounting treatment of goodwill and other intangible assets.
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.
In this module you study the derivative market, in particular, futures and options markets. You explore various futures markets including the stock index, FX, commodities and interest rate contracts, how they are priced and hedged, and different trading strategies; as well as considering different option positions, the relationship between call and put option prices, and trading strategies.
The (mis)use of financial derivatives can potentially have catastrophic consequences for those who acquire them. And yet in recent years derivatives have become increasingly important, both for the financial sector and for the wider economy. On this course you discover how risk can be managed with the use of derivative instruments.
Your teaching mainly takes the form of lectures and classes, the latter involving about 20 students
You can contribute and interact in lectures through the use of smart technology
A typical timetable includes a one-hour lecture and a one-hour class for each of your four modules every week
Any language classes involve language laboratory sessions
Our classes are run in small groups, so you receive a lot of individual attention
Assessment
Your assessed coursework will generally consist of essays, reports, in-class tests, individual or group oral presentations, and small scale research projects
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.
Our UK students, and some of our EU 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 applicants 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.
For information on transferring from another university, applying when you are not at school or college, and applying for readmission, please see How to apply and entry requirements
Please note that this course is not open to international applicants.
Offer Holder Days
If you receive an undergraduate offer to study with us in October 2025 and live in the UK, you will receive an email invitation to book onto one of our Offer Holder Days. Our Colchester Campus Offer Holder Days run from February to May 2025 on various Wednesdays and Saturdays, and our Southend Campus events run in April and May. These events provide the opportunity to meet your department, tour our campus and accommodation, and chat to current students. To support your attendance, we are offering a travel bursary, allowing you to claim up to £150 as reimbursement for travel expenses. For further information about Offer Holder Days, including terms and conditions and eligibility criteria for our travel bursary, please visit our webpage.
If you are an overseas offer-holder, you will be invited to attend one of our virtual events. However, you are more than welcome to join us at one of our in-person Offer Holder Days if you are able to - we will let you know in your invite email how you can do this.
Visit Colchester Campus
Set within 200 acres of award-winning parkland - Wivenhoe Park and located two miles from the historic city centre of Colchester – England's oldest recorded development. Our Colchester Campus is also easily reached from London and Stansted Airport in under one hour.
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.
At Essex we pride ourselves on being a welcoming and inclusive student community. We offer a wide range of support to individuals and groups of student members who may have specific requirements, interests or responsibilities.
The University makes every effort to ensure that this information on its programme specification is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to courses, facilities or fees. Examples of such reasons might include, but are not limited to: strikes, other industrial action, staff illness, severe weather, fire, civil commotion, riot, invasion, terrorist attack or threat of terrorist attack (whether declared or not), natural disaster, restrictions imposed by government or public authorities, epidemic or pandemic disease, failure of public utilities or transport systems or the withdrawal/reduction of funding. Changes to courses may for example consist of variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses. The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications. The University would inform and engage with you if your course was to be discontinued, and would provide you with options, where appropriate, in line with our Compensation and Refund Policy.
The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and
Ordinances and in the University Regulations, Policy and Procedures.
