Exemptions

Some of our undergraduate programmes are accredited and approved by professional associations, each with exemptions towards particular qualifications.

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These are the exemptions available to students for the 2023/24 academic year. Please note that, as the content of our courses is reviewed annually to make sure it's up-to-date and relevant, the exemptions available for 2024/25 are subject to change.

Accounting and Financial Management (including relevant duals)

Association of Chartered Certified Accountants (ACCA)

Our BA Accounting and Financial Management programme (and duals) are mapped with the ACCA modules at the Applied Skills and Applied Knowledge level.

Accreditation of your programme ensures that as a student registering with ACCA, you will receive a level of exemption that matches the knowledge and skills gained from your previous qualifications.

Management modules Exemptions
On completion of programme BT: Business and Technology*
On completion of programme MA: Management Accounting
On completion of programme FA: Financial Accounting
On completion of programme (except dual programmes) LW: Corporate and Business Law
MGT322: Taxation in Theory and Practice TX: Taxation

MGT132: Introduction to Financial Accounting AND

MGT 225: Intermediate Financial Accounting

FR: Financial Reporting

* From 23 September 2020, Accountant in Business (AB) has been renamed to Business and Technology (BT). Business and Technology will teach students how businesses operate effectively, efficiently and ethically and will show the critical role finance professionals play in achieving this.

Chartered Institute of Management Accountants (CIMA)

Exemptions count towards the CIMA Certificate in Business Accounting and the Chartered Global Management Accountant® (CGMA®) Professional Qualification.

Management modules Exemptions
On completion of programme

BA1 Fundamentals of Business Economics

BA2 Fundamentals of Management Accounting

BA3 Fundamentals of Financial Accounting

BA4 Fundamentals of Ethics, Corporate Governance and Business Law

F1 Financial Reporting

E1 Managing Finance in a Digital World

P1 Management Accounts

Operational Case Study Exam

Chartered Institute of Public Finance and Accountancy (CIPFA)

Please note: the below is only applicable to our single honours BA Accounting and Financial Management programme.

There are four qualifications that lead to the CIPFA Professional Accountancy Qualification (PAQ) and the Chartered Public Finance Accountant (CPFA) designation: a certificate and three diplomas. Read about the structure of the qualifications.

Management modules Exemptions
MGT304: Auditing Audit and Assurance

MGT143: Foundations in Financial Management AND

MGT250: Financial Management

Business Planning and Financial Management

MGT132: Introduction to Financial Accounting AND

MGT225: Intermediate Financial Accounting AND

MGT355: Advances in Financial Accounting

Financial Accounting

MGT102: Introduction to Management Accounting AND

MGT211: Intermediate Management Accounting AND

MGT217: Budgeting and Control

Management Accounting

MGT132: Introduction to Financial Accounting AND

MGT143: Foundations in Financial Management AND

MGT225: Intermediate Financial Accounting AND

MGT250: Financial Management AND

MGT355: Advances in Financial Accounting

Business Reporting

MGT217: Budgeting and Control AND

MGT227: Corporate Governance AND

MGT354: Advances in Management Accounting

Governance and Risk Management

LAW201: Law for Management AND

MGT322: Taxation in Theory and Practice

Tax and Law (UK)
Certified Practicing Accountants Australia (CPA Australia)

All required knowledge areas and practical experience must be completed before admission as a CPA Australia Associate Member.

Students who completed the required subjects in the table below can be eligible to become our associate member, and be exempted from all six foundation-level exams. Associate members need to pass the six CPA Program exams and fulfil 36 months of work experience in order to become a full CPA Australia member.

Management modules Exemptions
MGT132: Introduction to Financial Accounting TCA1: Accounting Systems and Processes

MGT355: Advances in Financial Accounting AND

MGT225: Intermediate Financial Accounting AND

MGT302: Accounting and Accountability: Theory and Practice

TCA2: Financial Accounting and Reporting
MGT304: Auditing TCA3: Audit and Assurance*
LAW201: Law for Management TCA4: Business Law*
MGT11002: Business Economics in Contemporary Society TCA5: Economics

MGT143: Foundations in Financial Management AND

MGT321: Corporate Finance AND

MGT3009: Company Analysis and Valuation

TCA06: Finance and Financial Management

MGT102: Introduction to Management Accounting AND

MGT211: Intermediate Management Accounting

TCA7: Management Accounting

MGT137: Analysis for Decision Making A OR

MGT138: Analysis for Decision Making B

TCA8: Qualitative Methods
MGT322: Taxation in Theory and Practice TCA9: Taxation

MGT143: Foundations in Financial Management AND

MGT227: Corporate Governance AND

MGT354: Advances in Management Accounting

TCA11: Business Acumen

MGT354: Advances in Management Accounting AND

MGT355: Advances in Financial Accounting

PCA01: Intellectual skills
MGT120: Introduction to Behaviour at Work PCA02: Interpersonal and communication skills

MGT11001: Futures First: Professional Self-Management AND

MGT243: Career Management Theory and Practice AND

MGT227: Corporate Governance

PCA03: Personal skills

MGT302: Accounting and Accountability: Theory and Practice AND

MGT322 Taxation in Theory and Practice AND

MGT304: Auditing

PCA04: Ethics

* Students have the option to complete the required knowledge areas in Auditing and/or Taxation.

Institute of Chartered Accountants in England and Wales (ICAEW)

ICAEW exemptions are available for the Certificate in Finance, Accounting and Banking (CFAB) level. The minimum pass mark required for all modules is 50%.

Based on your Undergraduate degrees from Sheffield University, you might be eligible to apply for the following credit(s):

Management modules Exemptions*

MGT132: Introduction to Financial Accounting AND

MGT225: Intermediate Financial Accounting

Accounting

MGT225: Intermediate Financial Accounting AND

MGT250: Financial Management AND

MGT11002: Business Economics in a Contemporary Society

Business Technology and Finance
LAW201: Law for Management Law

MGT102: Introduction to Management Accounting AND

MGT211: Intermediate Management Accounting

Management Information
MGT322: Taxation in Theory and Practice Principles of Taxation

* Credit will be awarded to students who obtain an award of 2:1 or above in a related degree, i.e. Business, Finance or Accounting. Or alternatively 50% is required in all of the modules listed.

Business Management

Chartered Institute of Management Accountants (CIMA)
Management modules Exemptions
On completion of programme BA1 Fundamentals of Business Economics
BA2 Fundamentals of Management Accounting
BA3 Fundamentals of Financial Accounting
BA4 Fundamentals of Ethics, Corporate Governance and Business Law
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