Introduction

Studying Accountancy and Economics at Aberdeen is a great way to prepare for a sparkling career in international finance, business, politics, media and a variety of other sectors. You will gain a thorough grounding in the theory and practice of accountancy, set within the wider perspective of the global economy. You will be taught by leading international economists whose work influences government policy.

This programme is studied on campus.

You will develop a solid understanding of accountancy and develop the analytical and evaluation skills required to process accounting information in a modern economy.

You will study the microeconomics of business and society, the macroeconomics of the world economy and will learn about economic challenges in a variety of political, social and historical contexts.

You will have access to professional training facilities, such as our virtual Thomson Reuters Eikon trading floor, which is used by major financial service companies across the world. This technology integrates real activity in financial markets directly into our students’ courses.

Your skills will develop in a dynamic learning and research environment, inspired by staff with a wide range of professional backgrounds, both in accountancy and finance. You will be taught by leading international economists, such as Professor Alex Kemp, who is a world authority on oil and gas markets and an adviser to the Scottish Government and health economists, whose work influences Scottish and UK policy decisions on public health issues.

You will thrive in the international, dynamic environment of our Business School with classmates from 45 nationalities creating a truly global experience. You will be supported by teaching staff and dedicated careers advisers, who will help you develop as an individual with the skills and attributes sought by employers in business, government, education and private consulting.

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Key Programme Information

At a Glance

Learning Mode
On Campus Learning
Degree Qualification
MA
Duration
48 months
Study Mode
Full Time
Start Month
September
UCAS Code
NL41

What You'll Study

Accountancy and Economics are two diverse subjects that will provide you with a solid understanding of how the world's largest organisations process financial information. You'll learn about the factors that influence wealth and will study topics such as academic writing, risk and investment, microeconomics, statistics and entrepreneurship. This programme is taught through a selection of compulsory and optional courses totalling up to 120 credits.

Year 1

Year 1

Compulsory Courses

Academic Writing for Business (AW1003)

This compulsory evaluation is designed to find out if your academic writing is of a sufficient standard to enable you to succeed at university and, if you need it, to provide support to improve. It is completed on-line via MyAberdeen with clear instructions to guide you through it. If you pass the evaluation at the first assessment it will not take much of your time. If you do not, you will be provided with resources to help you improve. This evaluation does not carry credits but if you do not complete it this will be recorded on your degree transcript.

View detailed information about this course

Professional Skills Part 1 (PD1001)

This course, which is prescribed for level 1 students and optional for level 2 students, is studied entirely online and covers topics relating to careers and employability, equality and diversity and health, safety and wellbeing. During the course you will learn about the Aberdeen Graduate Attributes, how they are relevant to you and the opportunities available to develop your skills and attributes alongside your University studies. You will also gain an understanding of equality and diversity and health, safety and wellbeing issues. Successful completion of this course will be recorded on your Enhanced Transcript as ‘Achieved’ (non-completion will be recorded as ‘Not Achieved’). The course takes approximately 3 hours to complete and can be taken in one sitting, or spread across a number of weeks and it will be available to you throughout the academic year.This course, which is prescribed for level 1 students and optional for level 2 students and above, is studied entirely online and covers topics relating to careers and employability, equality and diversity and health, safety and wellbeing. During the course you will learn about the Aberdeen Graduate Attributes, how they are relevant to you and the opportunities available to develop your skills and attributes alongside your University studies. You will also gain an understanding of equality and diversity and health, safety and wellbeing issues. Successful completion of this course will be recorded on your Enhanced Transcript as ‘Achieved’ (non-completion will be recorded as ‘Not Achieved’). The course takes approximately 3 hours to complete and can be taken in one sitting, or spread across a number of weeks and it will be available to you throughout the academic year

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Accounting and Accountability (AC1011) - 15 Credit Points

This course introduces the theoretical and contextual foundation of accounting. It does not involve any technical aspects of accounting or bookkeeping but provides an introduction to the political, economic, institutional, professional and managerial context of accounting. The main content includes:

  • Socio-political and economic mechanisms of accountability; theories of accountability.
  • Constitution of organisations and the role of accounting within organisations.
  • Constitution of accounting as a business function: how accounting is organised within organisations.
  • Constitution of Accountancy as a Profession: how accountancy is organised as a profession.
  • Sustainability and accounting: how accounting is reorganised to address sustainability issues.

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The Economics of Business and Society (EC1006) - 15 Credit Points

This course is an introductory course in microeconomics where we study the decision making of individual actors (consumers, employees, firms, governments, etc.) in an economy. Actors must make decisions about behaviours because they face scarce resources, but often they find that trading with other actors in markets can increase the wellbeing of all parties. This course models and examines the nature of these interactions, highlighting when they work well and when they fail to increase wellbeing and what might be the solution to these failures.

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Finance 1: Finance, Risk and Investment (FI1004) - 15 Credit Points

This foundation course in finance, risk and investment is the requisite for several degree programmes and for level 2 real estate and finance courses. The module considers the nature and operation of investment markets, focusing on three asset classes; shares, bonds and real estate. It looks at the characteristics of these investment options in terms of their risks and returns. The module introduces basic financial mathematics: time value of money, calculation of present values and investment rates of return. Finally, it considers the role of financial institutions and regulatory bodies in personal finance, where consumers and financial markets interact.

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Accounting and Entrepreneurship (AC1515) - 15 Credit Points

This is an introduction to accounting which aims to provide an understanding of how organisations – particularly small and medium sized businesses – capture, create and use accounting information both to guide their activities internally within the management function and to communicate their financial performance and position to external users of the accounts. This course allows students to develop practical and analytical skills through a problem-solving approach to accounting-related aspects of business performance reporting and control, particularly in relation to bookkeeping, accounts preparation, budgeting and management accounting.

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The Global Economy (EC1506) - 15 Credit Points

This course is an introductory course in macroeconomics where we study the behaviour of the economy as a whole. Whereas microeconomics focuses on individual markets, macroeconomics addresses the “big issues” such as unemployment, inflation, economic growth, and financial crises. Macroeconomics is a lively subject, full of discussion and debate, as economists and policymakers take different views on macroeconomic issues, their causes and appropriate policy responses. Issues such as: Is the economy growing? What causes unemployment and how can we reduce it? How can we avoid recessions? When is inflation a problem? Are banks lending too much?

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The Context of Business (MS1509) - 15 Credit Points

In The Context of Business, you will be introduced to the external context in which businesses operate. The course is designed to explore the political, economic, sociocultural, technological, ethical and market influences on business. It examines the role and place of business in an increasingly globalized world by looking at the ways in which businesses respond to their environment through innovation, strategy, operations and marketing. The aim of the course is to give an overview of issues that are relevant to the modern business environment and to prepare you for further study by stressing learning skills relevant across disciplines.

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Optional Courses

  • Select a further 30 credit points from courses of choice.

Year 2

Year 2

Compulsory Courses

Management Accounting 2 (AC2031) - 15 Credit Points

This course extends the operational tools and techniques introduced in AC1514. It develops more complex problem-solving techniques in the planning, control and decision-making process. It shows how quantitative methods and analytical techniques can be applied in management accounting solutions to management problems. It also emphasises the diverse industrial, commercial and not-for-profit settings in which management accountants work. It seeks to develop in students an understanding the organisational context as well as the nature of management accounting information. The focus is to enhance students’ problem-solving and communication skills, and develop their ability to select and apply appropriate techniques in specific contexts.

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Finance 2: Business Finance (FI2004) - 15 Credit Points

The main aim of this course is to develop a sound understanding of fundamental principles underlying the theory and practice of finance, thereby providing a strong basis for further study of advanced finance theory and cognate disciplines. The course introduces students to important concepts in finance: principles of assets pricing, concept of risk and return, theory of interest rates and pricing fixed income securities, evaluation of investment project with a focus on embedded real options. It equips students with good analytical skills in order to understand the implications of financial decisions by understanding the fundamentals that govern them.

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Intermediate Microeconomics (EC2003) - 30 Credit Points

This course builds on and is a natural extension of EC 1006. By examining in a more rigorous way concepts introduced in EC 1006 students will develop further their analytical skills and they will obtain a better understanding of consumers and producers behaviour, market structure as well as the effectiveness of economic policy. The course is designed to appeal to all students interested in economics. This includes students who may wish not to enter into any further studies of economics, as well as students who may wish to continue studying economics at the honours level.

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Financial Accounting 2 (AC2530) - 15 Credit Points

The objective of FA2 is to build upon material introduced in first year in order to develop students' technical skills in financial statement preparation. Students will gain an appreciation of the regulatory framework for financial reporting. They will examine the usefulness of financial statement information, by looking at the form and content of accounts produced by partnerships and public limited companies. Students will explore how to account for basic transactions through the implementation of current accounting standards and apply their knowledge in both the manual and the computerised environment, the latter through the SAGE accounting package.

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Understanding Statistics (PO2508) - 15 Credit Points

This course aims to provide students with an understanding of statistical concepts and methods relevant to accounting, management, finance, real estate and economics. The course is intended to enable students

i) To understand the principles of descriptive statistics, index construction, statistical inference, correlation, regression and time series analysis

ii) To apply statistical techniques to the analysis of accounting, business and economic issues and interpret findings

iii) To identify important sources of data in accounting, business and economics

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Intermediate Macroeconomics (EC2503) - 30 Credit Points

This course focuses on macroeconomic policy in a global economy. The first part builds an open-economy Keynesian model to investigate what determines the effectiveness of fiscal and monetary policies, and how exchange rate regimes and capital mobility impact on policy effectiveness. The second part investigates what determines the level of macroeconomic activity and its growth over time. The final part looks at what determines inflation and unemployment. This intermediate level course uses live lectures to develop your analytical skills evaluating economic policy in a rigorous and technical way to equip you with the skills needed for honours level study.

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Year 3

Year 3

Compulsory Courses

Financial Accounting 3 (AC3049) - 15 Credit Points

This course builds upon the material in Financial Accounting 2. The aim of the course is to strengthen practical and analytical accounting skills through the study of accounting problems and to develop the ability to critically appraise conventional accounting practice through an understanding of alternative accounting theories and their application to topical issues in financial accounting.

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Management Accounting 3 (AC3054) - 15 Credit Points

Building upon the material in Management Accounting 2, the course examines in greater detail behavioural, managerial, and strategic aspects of management accounting and management control. The course content includes management accounting issues pertaining to:

  • Strategic management accounting
  • Operational management issues including quality management
  • Performance evaluation and management systems
  • Management control systems, and
  • Advance decision making techniques such as decision-trees, learning curves and project evaluation and review techniques

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Auditing (AC3557) - 30 Credit Points

The objective of the course is to allow students to develop an understanding of financial statement audit processes and the role of auditors in society. Students will gain an understanding of the history, and legal and professional frameworks within which audit operates. They will gain an appreciation of audit techniques , the role of judgment and ethical requirements and will explore current developments in the profession. There is regular interaction with local accountancy firms. The course requires a high degree of personal study and students will be required to prepare individual and group presentations which are key audit skills.

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Optional Courses

Select a further 60 credit points from Level 3 courses in Economics.

Year 4

Year 4

Compulsory Courses

Accounting Theory (AC4033) - 30 Credit Points

The content is organised into three main areas covering mainstream, positive and critical theoretical literature in accounting related to:

• Financial reporting practices and regulations

• Management accounting practices and history

• Accounting research methodologies

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Optional Courses

One of the following options:

  • Dissertation in Accountancy (AC4528)
  • Select further credit points from level 4 Economics courses to gain a total of 60 credits in the discipline
  • Select further credit points from level 4 Business School courses to gain a total of 120 credits.

OR

  • Economics Dissertation (EC4526)
  • Select further credit points from level 4 Economics courses to gain a total of 60 credits in the discipline
  • Select further credit points from level 4 Business School courses to gain a total of 120 credits.
Dissertation in Accountancy (AC4528) - 30 Credit Points

All Accountancy and Finance students must undertake a dissertation. Students taking a joint degree may undertake the dissertation in either discipline, but not both. It is designed to show that you are able to:

Carry out a substantial piece of research on a chosen subject without close supervision

Critically analyse and evaluate work carried out by others

Reach your own conclusions based upon your analysis and evaluation of relevant evidence, whether this is prior research only or prior research coupled with your own research.

Write-up the results of your work in a clear, coherent and logical way.

View detailed information about this course

Economics Dissertation (EC4526) - 30 Credit Points

The dissertation presents students with the opportunity to apply their knowledge and research skills of Economics to an individual piece of research, focusing on a topic which has been chosen by the student and approved by the Dissertation coordinator and Dissertation supervisor. Over the course of the Dissertation, with guidance from the supervisor, the student will study a particular topic, conduct a literature review of relevant material, select appropriate theoretical and/or empirical methods to address the topic and write a final analysis in the form of the Dissertation of up to 10,000 words.

View detailed information about this course

Course Availability

We will endeavour to make all course options available; however, these may be subject to timetabling and other constraints. Please see our InfoHub pages for further information.

How You'll Study

We employ a range of teaching methods, emphasising transferable skills such as group work, presentation techniques and IT skills, in order to produce highly skilled graduates for the accountancy and related professions. Teaching methods include lectures, seminars, tutorials, workshops and student presentations.

Learning Methods

  • Individual Projects
  • Lectures
  • Tutorials

Assessment Methods

Students are assessed by any combination of three assessment methods:

  • coursework, such as essays and reports completed throughout the course;
  • practical assessments of the skills and competencies they learn on the course; and
  • written examinations at the end of each course.

The exact mix of these methods differs between subject areas, years of study and individual courses.

Honours projects are typically assessed on the basis of a written dissertation.

Further Information

View detailed learning and assessment information for this programme

How the programme is taught

The typical time spent in scheduled learning activities (lectures, tutorials, seminars, practicals), independent self-study or placement is shown for each year of the programme based on the most popular course choices selected by students.

How the programme is assessed

The typical percentage of assessment methods broken down by written examination, coursework or practical exams is shown for each year of the programme based on the most popular course choices selected by students.

Year 1

Learning Method
scheduled: 23%
independent: 77%
placement: 0%
Assessment
written: 67%
coursework: 32%
practical: 1%

Year 2

Learning Method
scheduled: 18%
independent: 82%
placement: 0%
Assessment
written: 69%
coursework: 31%
practical: 0%

Year 3

Learning Method
scheduled: 22%
independent: 78%
placement: 0%
Assessment
written: 72%
coursework: 28%
practical: 0%

Year 4

Learning Method
scheduled: 12%
independent: 88%
placement: 0%
Assessment
written: 48%
coursework: 52%
practical: 0%

Why Study Accountancy and Economics?

  • Upon successful completion of this degree programme, you will gain accreditation from the Institute of Chartered Accountants of Scotland.
  • Through analysis and evaluation, you will develop the intellectual skills required to work in the accounting and financial sectors.
  • You will learn how to measure, process and communicate financial information to businesses and investors.
  • You will develop practical skills to enable you to read and understand financial reports and prepare financial statements.
  • You will be taught by staff from a range of professional and academic backgrounds and will have access to the world-class teaching and research facilities that the University offers.
  • At Aberdeen, you will be right at the heart of Europe's oil and gas industry, where the need for accountants and financial services are in high demand.
  • The University is the first academic institution to subscribe to Thomson Reuters Eikon, a unique analytics technology that provides real-time financial news and data.
  • The joint Masters programme will help you develop a professional network of contacts that will benefit you in your future career. The access that you will have to teaching staff and Aberdeen's oil and gas industry will improve your career prospects.
  • At Aberdeen, we adopt a range of teaching methods to ensure that you learn in a way that suits your style, helping you achieve the highest grade you can.
  • The Scottish Higher Education Funding Council rated the Accountancy and Economics teaching programme as ‘Highly Satisfactory’.

Entry Requirements

You will find all the information you require about entry requirements on our dedicated 'Entry Requirements' page. You can also find out about the different types of degrees, changing your subject, offers and advanced entry.

Qualifications

The information below is provided as a guide only and does not guarantee entry to the University of Aberdeen.

SQA Highers - AABB
A Levels - BBB
National 5/ S Grade/ GCSE - Maths
IB 32 points, including 5,5,5 at HL
ILC - 5H with 3 at H2 AND 2 at H3 OR AAABB, obtained in a single sitting. (B must be at B2 or above)

Advanced Entry - Available only with experiential or other qualifications at post A Level or Advanced Higher Standard.

Further detailed entry requirements for Arts and Social Sciences degrees.

English Language Requirements

To study for a degree at the University of Aberdeen it is essential that you can speak, understand, read, and write English fluently. Read more about specific English Language requirements here.

Fees and Funding

You will be classified as one of the fee categories below.

Fee Waiver

For international students (all non-EU students) entering in 2017/18, the 2017/18 tuition fee rate will apply to all years of study; however, most international students will be eligible for a fee waiver in their final year via the International Undergraduate Scholarship.

Most RUK students (England, Wales and Northern Ireland) on a four year honours degree will be eligible for a full-fees waiver in their final year. Scholarships and other sources of funding are also available.

Fee information
Fee category Cost
Home / EU £1,820
All Students
RUK £9,250
Students Admitted in 2018/19 Academic Year
International Students £14,600
Students Admitted in 2018/19 Academic Year

Additional Fees

  • In exceptional circumstances there may be additional fees associated with specialist courses, for example field trips. Any additional fees for a course can be found in our Catalogue of Courses.
  • For more information about tuition fees for this programme, including payment plans and our refund policy, please visit our InfoHub Tuition Fees page.

Our Funding Database

View all funding options in our Funding Database.

Careers

Accountancy and Economics graduates work in many roles across the business and financial sectors. Our graduates have gone on to work in careers such as financial management, statistics and auditing for regional and national public sector bodies. With the University's strong focus on employability, you will have a wide range of career options. In Aberdeen itself, the unemployment rate is one of the lowest in the UK.

Career options with your Accountancy and Economics degree

Accreditation

Courses at the University of Aberdeen are accredited by the Institute of Chartered Accountants of Scotland (ICAS), CIMA (Chartered Institute of Management Accountants), and ACCA (Association of Chartered Certified Accountants, all of which can form part of a direct path to being granted exemptions from the examinations necessary to get professional qualification status.

This degree holds accreditation from

Our Experts

Information About Staff Changes

You will be taught by a range of experts including professors, lecturers, teaching fellows and postgraduate tutors. Staff changes will occur from time to time; please see our InfoHub pages for further information.

Thomson Reuters Eikon Accreditation

The first academic institution in Scotland to subscribe to Thomson Reuters Eikon.

Facilities

Image for Thomson-Reuters Eikon Trading Room
Thomson-Reuters Eikon Trading Room

Thomson-Reuters Eikon Trading Room

You will have access to the UK's first university trading room. This world class facility is home to the University's Thomson-Reuters Eikon​ technology, which will support your understanding of finance in practice.

Unistats

Unistats draws together comparable information in areas students have identified as important in making decisions about what and where to study. You can compare these and other data for different degree programmes in which you are interested.

Get in Touch

Contact Details

Address
Student Recruitment & Admissions Service
University of Aberdeen
University Office
Regent Walk
Aberdeen
AB24 3FX