Accountancy is evaluating and interpreting financial data to help businesses understand their financial health and make strategic decisions based on that data. The duty of an accountant may involve the following:

  • Planning investments
  • Preparing budget forecasts and solutions for setbacks
  • Conducting audits
  • Filing month-end accounts and tax returns
  • Staying up to date with regulations, financial laws and their impact on business

An accountancy degree is available at undergraduate or postgraduate level, and may lead to qualifications such as a Bachelor of Science in Accounting or a Master of Accountancy. Some universities also offer specialised accountancy courses, such as a Master of Science in Taxation or a Master of Science in Auditing. Studying accountancy can be challenging but rewarding. It requires strong attention to detail, working with numbers, and understanding accounting principles and financial reporting standards. Those who complete a degree in accountancy may have many career opportunities in various industries, including public accounting, corporate accounting, government, and nonprofit organizations.

Learn more about how to become an accountant in the UK below. If you want to begin your UCAS application, arrange a free consultation with SI-UK London today.

Contact SI-UK about studying accountancy

Accountancy Qualification Required to be an Accountant

Becoming an accountant is a rigorous process that requires a strong foundation in accounting, finance, and business and practical experience in the field. One must complete a bachelor’s or master’s degree in accounting or related subjects with maths as a compulsory subject. After completing their degree, students can apply for higher-level accountancy qualifications awarded by the UK chartered accountancy bodies.

Accounting qualifications include:

  • Associate Chartered Certified Accountant (ACCA )
  • Associate Chartered Accountant (ACA)
  • Chartered Institute of Management Accountant (CIMA )

To become an accountant, a candidate needs at least GCSEs or equivalent accountancy qualifications at grades 4/C or above. Top firms may also ask for As and Bs at A level (or equivalent) and a 2:1 from your degree. To become a certified public accountant, the candidate must be a member of the Certified Public Accountants Association.

How long does it take to become an accountant?

Becoming an accountant in the UK typically takes several years. The specific length of time can vary depending on the individual and their chosen path. If a candidate has studied for the ACCA qualification, it will take three to four years to become a fully qualified accountant. However, if candidates opt for vocational training courses and then apply for professional courses, it might require more time to become an accountant since they need work experience to apply for them.

  1. Obtaining a bachelor’s degree in a relevant field, such as accounting, finance, or business, typically takes 3 to 4 years.
  2. Pass the Association of Chartered Certified Accountants (ACCA) or the Institute of Chartered Accountants in England and Wales (ICAEW) professional examinations, typically taking 2 to 4 years of study and preparation.
  3. Acquire a minimum of three years of practical accounting experience, as ACCA or ICAEW requires. This experience is usually obtained through an apprenticeship or a graduate trainee program.
  4. Become a member of ACCA or ICAEW, which usually involves paying a membership fee and meeting ongoing continuing professional development requirements.

It can take 5 to 10 years to become an accountant in the UK, including the time required for education, examination, work experience, and membership.

Top UK Universities for Studying Accountancy

The top five accountancy degrees in the UK (Guardian University Guide 2024) can be found below.

1. London School of Economics

The Department of Accounting at the London School of Economics is one of the leading accounting groups in the world. It is known for its research and teaching excellence on the economic, institutional, and organisational aspects of accounting management. Accounting courses are available at the London School of Economics at undergraduate and postgraduate levels.

Currently, LSE is the best university in the UK for studying accountancy.

2. University of Warwick

University of Warwick accountancy degrees include a Bachelor of Science in Accounting and Finance, a Master of Science in Accounting and Finance, and a Master of Science in Management. On these degrees, students can expect to learn about the principles and practices of accounting, including financial statement preparation, taxation, auditing, cost accounting, and financial management. The curriculum may include a mix of theoretical coursework and practical experience, such as internships, case studies, and hands-on projects.

3. Durham University

Durham University’s MSc in Accounting fosters a global perspective on finance and business. With state-of-the-art facilities, Durham’s Business School has an international reputation for excellence. Moreover, the programme offers professional exemptions from ACCA and CIMA, adding a valuable edge to your career in accounting.

4. University of Manchester

The University of Manchester has 25 Nobel Prize winners among current and former staff and students, and 91% of Manchester’s recent graduates go straight into employment or continue their studies.

5. Bangor University

The MSc Accounting at Bangor University focuses on decision-making in and out of organisations. The curriculum covers advanced topics like international taxation, financial analysis, and corporate risk management. With a strong emphasis on practical application, Bangor equips you to tackle complex accounting issues effectively.

Study Accountancy in the UK

Book a free consultation with SI-UK London today if you want to learn more about studying accountancy in the UK.

Contact SI-UK about your application