Presentation on theme: "Accounting & Finance Options 1 May 2013 – Penny Young."— Presentation transcript:
Accounting & Finance Options 1 May 2013 – Penny Young
The Story so far….. Fundamentals of Financial Reporting Financial Decision Making Fundamentals of Management Accounting …….
Why would I choose Accounting & Finance Modules? Careers (why are we thinking about employability now?) Important to choose modules which you enjoy and will get a good mark in, rather than because of what you think an employer wants to see
So….Possible careers Chartered Accountant Management Accountant Certified Accountant Financial Controller Finance Manager General Management All A&F modules give you an insight
Recruitment – what are they looking for? Ability / aptitude for things commercial Training contract – they will teach you what you need to know Much easier to satisfy the “commercial awareness” / “commitment to chosen career” criteria if your transcript already shows you have chosen A&F modules
Financial Accounting v Management Accounting Historic v forecasting External v internal Rules-based v budgeting
So which modules should I do? Industry focused – management accounting modules e.g. BMAN23000 Foundations of Finance & BMAN21040 Intermediate Management Accounting Practice focused – financial reporting modules e.g. BMAN21020 & BMAN20081 Undecided – one of each
Will I get exemptions? What are exemptions? Can we get them? Are they useful?
What will I get exemptions from? CIMA / ICAEW / ACCA If you can demonstrate that you have the required knowledge Useful for career
Not the end of the world if you don’t get exemptions “they” will teach you what you need to know Better to get a better class of degree than focus on exemptions
What will an A&F module be like? Ex-practitioner faculty staff Real-life examples and application Industry experts Members of the profession
Think about third year Any idea what you want to study? E.g. Financial Analysis of corporate performance, Advanced Corporate Finance, Financial Derivatives, Contemporary Issues in Financial Reporting and regulation Make sure you check whether there are any second year modules which are prerequisites e.g. Foundations of Finance opens up many A&F courses for final year
So what happens next…? Go away and do some research Think about career Think about what you are good at Read the programme structure Talk to current 2 nd years Drop-in Session 2 May Course Choices opens 7 August