Accounting Courses in UK for Indian Students

The United Kingdom stands as the beacon of academic excellence which draws a number of international students to seek world class education in diverse fields. Among the various course offerings accounting programs outsmarts as an attractive option for students who are interested in number crunching and managing the company accounts.

Universities in the UK offer students with a rich blend of theoretical foundations about basic accounting principles and its applications through various internship opportunities and co-op programs with various Corporations through direct university tie-ups.

Benefits of Choosing Various Accounting Courses in the UK

• Diverse Course Offerings: One of the most attractive aspects of studying accounting in the UK is the wide array of courses available. From undergraduate degrees to postgraduate diplomas and specialized master’s programs, students have the freedom to choose a course that aligns perfectly with their career aspirations and academic interests. Whether it’s financial accounting, management accounting, auditing, or taxation, UK universities provide comprehensive programs tailored to cater to the diverse needs of students.
• Academic Excellence and Accreditation: UK universities are renowned worldwide for their academic excellence and rigorous standards. Many accounting courses are accredited by prestigious professional bodies such as the Association of Chartered Certified Accountants (ACCA), Chartered Institute of Management Accountants (CIMA), Institute of Chartered Accountants in England and Wales (ICAEW), and Chartered Institute of Public Finance and Accountancy (CIPFA). Such accreditations not only enhance the credibility of the qualifications but also ensure that students receive relevant and up-to-date knowledge that is recognized globally.
• State-of-the-Art Facilities and Resources: International students studying accounting in the UK benefit from state-of-the-art facilities and resources provided by universities. Modern campuses are equipped with cutting-edge technology, well-stocked libraries, dedicated accounting laboratories, and access to industry-standard software and databases enable students to gain practical experience and develop essential skills valued by employers. Moreover, universities often organize guest lectures, seminars, and networking events, providing students with invaluable opportunities to interact with industry professionals and gain insights into real-world practices.
• Internship and Employment Opportunities: The UK’s vibrant economy and bustling financial sector offers abundant internship and employment opportunities for accounting students. Major cities like London, Manchester, and Edinburgh are home to numerous multinational corporations, financial institutions, accounting firms, and regulatory bodies, providing students with a fertile ground to kick-start their careers. Many universities have strong links with industry partners, facilitating internships, placements, and graduate recruitment programs, thereby enhancing students’ employability and paving the way for successful careers in accounting.
• Cultural Diversity and Global Exposure: Studying in the UK offers international students a unique opportunity to engage themselves in a rich cultural tapestry of the UK and interact with peers from diverse backgrounds. The multicultural environment fosters cross-cultural understanding, collaboration, and networking, enriching the overall learning experience. Additionally, the UK’s strategic location provides easy access to Europe and beyond, allowing students to get to know about new horizons, broaden their perspectives, and establish international connections that could prove invaluable in their future endeavors.
• Scholarships and Financial Assistance: Recognizing the financial constraints faced by many international students, UK universities offer a range of scholarships, bursaries, and financial aid programs to support their academic journey. These scholarships are often merit-based, need-based, or awarded for specific criteria such as academic excellence, leadership qualities, or extracurricular achievements. Some of the best scholarship opportunities include commonwealth scholarships, Chevening Scholarships, Rhodes Scholarship, International undergraduate scholarship and various others. By alleviating financial burdens, scholarships enable deserving students to pursue their education without compromising on quality or opportunities, making studying accounting in the UK a viable and rewarding option for students from diverse backgrounds.

Eligibility of Accounting Courses in the UK

The entry requirements for accounting and finance courses vary at each UK university. Also, these requirements vary by undergraduate and postgraduate level of education. The generic eligibility criteria for Accounting UG & PG courses includes:

Undergraduate Accounting Eligibility Criteria in the UK

The undergraduate eligibility criteria for studying Accounting in the UK may vary depending on specific university and program for international students. Some of the common eligibility requirements include:

• Candidates must have studied at least one of the subjects like Accountancy, Business or Mathematics.
• A level requirement includes AAB, minimum 60 to 70% in CBSE, ICSE or state board and studying at least one of Accountancy, Business or Mathematics.
• IELTS score of 6.5 overall, with no lower than 6.0 in any component.

Postgraduate Accounting Eligibility Criteria in UK

The postgraduate eligibility criteria in the UK for international students are:

1. Candidates must have 3 to 4 years of graduation degree in a related field.
2. Some universities also require GMAT/GRE scores for admission.
3. Students must also appear for English proficiency tests such as IELTS, TOFEL and PTE, followed by a personal interview which is conducted by some select universities.

Accounting Course Modules Includes:

• Accounting and accountability
• The context of business
• Business Law
• Management Accounting
• Auditing
• Financial Accounting theory
• Understanding statistics
• Commerce, banking and investment
• Taxation
• Reporting Financial Performance

Accountant Degree Qualification

The chartered institute of Management Accountants (CIMA) has partnered with American Institute of Certified Public Accountants and offers its own widely recognized business finance qualification to achieve the CGMA (Chartered Global Management accountant) designation.
It takes almost three to six years to complete the 12 exams required to obtain the CIMA professional qualification and be admitted to the membership of the organization.
A candidate will progress through the following levels:

• CIMA CERT BA (Certificate)
• CIMA Dip MA (Operational)
• Adv Dip MA (Management)
• ACMA CGMA (Professional Qualification)

The Association of Chartered Certified Accounts (ACCA), is a global body that offers the masters level 7 ACCA qualification, the graduate entry route into the industry. Once it’s completed (within three to four years), a candidate will be able to become an ACCA member.

Top Universities Providing Accounting Courses in UK

Conclusion

In conclusion, accounting courses in the UK offer exceptional opportunities for international students seeking quality overseas education and professional growth. With a diverse range of programs tailored to meet varying academic and career objectives, students can benefit from world-class faculty, state-of-the-art facilities, and industry connections. Moreover, the dynamic learning environment and practical training opportunities ensure graduates are well-equipped to excel in the global accounting landscape. By choosing to pursue accounting studies in the UK, international students can embark on a rewarding academic journey that opens doors to a multitude of career prospects and professional success.

FAQs

How many years does it take to study accounting in the UK?

Most accounting and finance degree in the UK last for three years. while masters in accounting courses last 1 to 2 years, depending on if they are taken full or part time.

Which accounting qualification is best in the UK?

The ACCA (Associate Chartered Certified Accountant) offers a broad range of skills and knowledge that is beyond traditional accounting. The average ACCA salary in the UK is £48500, whereas the CIMA UK can earn up to £63,000.

Are accountants in demand in the UK?

Certainly, recently certified accountants with robust technical expertise continue to be highly sought after, given that numerous qualified professionals are pursuing positions in business partnering or commercial sectors. Additionally, there is an expanding requirement for proficiency in data analysis, reflecting organizations’ heightened emphasis on harnessing data for commercial objectives.