
Accounting and Financial Management and Economics BA
Management School
Department of Economics
You are viewing this course for 2021-22 entry.
Key details
- A Levels AAB
Other entry requirements - UCAS code NL41
- 3 years / Full-time
- Accredited
- Find out the course fee
- Dual honours
- Industry placement
Course description

This is a dual honours course, which means you'll spend roughly half your time in the partner department, Economics. You'll get a good grounding in both subjects, plus the chance to study specific areas in more detail. The subjects are given equal weighting.
The way we teach the accounting and financial management side is the same, in principle, as the single honours course (Accounting and Financial Management). You take a lot of the same modules as a single honours student.
Because you're studying two subjects, you don't get to look at accounting, financial management or economics in as much detail as you would on the single honours degrees, but the quality of your education is the same.
The two subjects complement each other, which opens up even more career opportunities.
Degrees with employment experience
We offer you the chance to do a year-long work placement, starting after your second year. This is a great opportunity to get paid work experience with some of the UK's top economics employers who want to recruit the best students from Sheffield.
Recent placements have been with Lloyds Bank, Office for National Statistics and Johnson & Johnson.
Dual and combined honours degrees
This course is accredited by the following bodies for the purpose of eligibility for Associate membership and exemption from some professional examinations.




Modules
The modules listed below are examples from the last academic year. There may be some changes before you start your course. For the very latest module information, check with the department directly.
Choose a year to see modules for a level of study:
UCAS code: NL41
Years: 2021
Core economics modules:
- Mathematical Methods for Economics 1
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The aims of this module are: 1. To give an insight into the importance of mathematical methods in economic analysis. 2. To introduce a range of mathematical techiques. 3. To give an understanding of how and when to apply the techniques. The module will include revision of basic concepts, algebra, equations, exponential and logarithmic functions, differential calculus, optimisation, geometry
20 credits - Mathematical Methods for Economics 2
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The aims of the module are: 1. To provide an insight into the importance of mathematical methods in economics; 2. To introduce and apply a range of mathematical techniques to economic problems. Topics covered in the course include revision of algebra, functions, differential calculus, optimisation, an introduction to dynamic analysis, and an introduction to matrix algebra.
20 credits - Economic Analysis and Policy
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This is a compulsory module for all single and dual honours students in Economics. The module provides students with an introduction to microeconomic and macroeconomic analysis together with examples of their application in order to develop students' understanding of the roles of both in economic policy making.
40 credits
Core accounting and financial management modules:
- Introduction to Management Accounting
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The aim of this module is to establish a firm understanding of the basic techniques of management accounting. The selection of accounting techniques is conditional on purpose; the management accountant¿s role therefore includes attention-directing, score- keeping, and problem-solving.
20 credits - Introduction to Financial Accounting
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Financial Accounting is concerned with the ways in which the financial transactions of a business are recorded and summarised in financial statements. This module provides an introduction to the construction of financial statements and an understanding and evaluation of the principles and concepts on which they are underpinned. Once the principles have been established, the module further develops the practical understanding of the preparation of financial statements and focuses on the preparation, interpretation and limitations of company financial statements and the regulatory framework in which they are prepared.
20 credits - Foundations in Financial Management
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This module aims to create a foundation of knowledge in the subject area of financial management, creating the required framework of skill and knowledge for financial decision making and to provide a base of knowledge for the related modules in levels 2 and 3. This module will achieve this by introducing the essential principles, theories and calculations within financial management. It will also introduce the contemporary issues and developments in financial markets. The module design and content expects to at least cover the contents of foundation level financial management related module syllabus of professional accounting bodies.
20 credits
Core accounting and financial management modules:
- Financial Management
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This unit takes the key themes and techniques that were introduced in MGT141, Introduction to Financial Management, and locates them in their institutional and intellectual setting to enable students to reflect critically on understandings of financial institutions and phenomena. The resulting understanding and skills of critique will enhance students¿ capabilities to reflect on the more specialist bodies of knowledge encountered in financial management and finance units in subsequent semesters. The unit uses a combination of conventional lectures to familiarise students with ideas and tutorials in which students are encouraged to show their understanding of ¿ and critically evaluate ¿ content of lectures.
20 credits - Intermediate Financial Accounting
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This is an intermediate level financial accounting course, building on the level 1 `introductory¿ module (MGT132). It follows that some of the concepts, techniques and skills acquired during the study of that module remain examinable (revision exercises are provided throughout the module). In addition there is examination of a range of accounting standards and underpinning rationales, a review of the major conceptual debates currently preoccupying both accountants and standard-setters, and an exploration of the practical problems associated with the reporting of the results of limited companies and groups.
20 credits - Intermediate Management Accounting
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This unit builds on the basic skills acquired in MGT102, viewing the management accountant as an important internal corporate communicator and provider of information for management decision and control purposes. Particular emphasis is placed on the management accountant's various methods of analysing and presenting different kinds of information, drawn from both internal and external sources.The unit distinguishes between the provision of management accounting services at policy, executive and operational levels. On the basis of this distinction, the management accountant is seen as centrally involved in the evaluation and implementation of alternative courses of action in organisations.The unit also examines the development of management accounting techniques in processes of sustainable organisational performance appraisal, analysis and reporting and considers such as strategic marketing, corporate social responsibility and ethics. Finally, the unit considers the developing contribution to be made by management accountants in the creation, evaluation and control of sustainable organisations.
20 credits
Core economics module:
Statistics and Econometrics
Economics option modules - choose two:
International Economics
Labour Economics
Intermediate Finance
Public Economics
Industrial Organisation
Economic Decision-making
Macroeconomic Policy
Intermediate Microeconomics
Intermediate Macroeconomic
Core economics module:
Economics in Action
Core accounting and financial management modules:
- Advances in Financial Accounting
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The module follows on from the financial accounting modules taken at levels one and two. It extends students' technical competency in financial accounting and allows for a deeper analysis of financial reporting issues in a number of key areas. Included on the module is the study of segmental reporting, consolidated balance sheets, consolidated profit and loss accounts, vertical group balance sheets, associated company accounts, joint ventures, the effects of changing prices in accounting, foreign currency translation, capital instruments, financial instruments, related- party transactions and the international harmonisation of accounting standards.
20 credits - Advances in Management Accounting
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The module builds on MGT102 and MGT211 and concentrates on the application of techniques using a number of case studies. In addition, the module deals with the changing role of Management Accounting within organisations and new developments reflected by current issues in research.
20 credits
Accounting and financial management option modules - choose one:
- Auditing
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The aim of this module is to consider how successfully auditing carries out the roles that are assigned to it. An audit is the independent examination of, and expression of an opinion on, the financial statements of an enterprise. Audit has crucial roles to play in the processes of corporate and social governance, relating especially to the transmission of information to financial markets and individual/groups to whom organisations are accountable. In the `audit society¿, the meaning of audit has broadened to embrace diverse forms of inspection and non-financial performance reporting. This course is designed to introduce students to the major issues in auditing theory and practice, making reference to current contexts.
20 credits - Case Studies in Accounting and Consultancy
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As the accounting & finance academic discipline has developed, the repeated contrast between theory and practice has been held-up as a classic illustration of the value of studying accounting & finance in the contexts in which it operates. From such viewpoints, the case study has emerged as a valuable research and teaching method, a way of enabling researchers and students alike to better understand the practical role of accounting & finance in organisations & society. Rather than relying on abstract text books or normative theories, the case study permits the development of more `grounded¿ knowledge.MGT 329 is a course based upon the analysis of case studies. It aims to allow students to handle complex information sets, undertake their own research, apply accounting and finance knowledge gain elsewhere on the degrees programme, make judgements as to the relevance of various data sources and empirical findings. Through the analysis of case studies, this module aims to offer a rich context for the use of different approaches, varied and contradictory data sources, and original & creative approaches to problem solving.
20 credits - Company Analysis and Valuation
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This module is aimed at those students wanting to move into fund management / trading within global equity markets and who are targeting leading investment banks and fund managers as a career destination. The module will develop skills and understanding of a Bloomberg terminal and how to analyse and value companies using a range of techniques. The module will focus on using predominantly numerical techniques however these will be blended with other considerations which impact the value and performance of global listed companies. A wide range of global case studies will be used to demonstrate advanced valuation techniques and investment principles, thus giving students a sound grounding to take future professional qualifications with bodies such as the CFA. Tutorials will be based in a trading room enabling students to utilise a wide range of practical data sources and trading platforms, such as Bloomberg within the setting of a small and supportive class.
20 credits - Taxation in Theory and Practice
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A nation's taxation system affects its resource allocation, the distribution of its income, its standard of living and its general economic performance. Everyone in an economy is affected directly or indirectly by taxation and the nature of the tax system goes to the heart of social, moral, political as well as economic questions. The subject is highly topical and embraces such important policy issues as the effect of taxes on incentives, the control of the environment, local autonomy and its place in economic management. The unit is in two parts: part one provides an economic analysis of taxation and uses this analysis to evaluate the British tax system; part two deals with practical problems within the British tax system.
20 credits
Economics option modules - choose two:
Education Economics
Political Economy
International Trade
Monetary Economics
Development Economics
Health Economics
Economic Analysis of Inequality and Poverty
Economics of Gender and Race
Behavioural Economics
Environmental Economics
Economics of Innovation
The content of our courses is reviewed annually to make sure it's up-to-date and relevant. Individual modules are occasionally updated or withdrawn. This is in response to discoveries through our world-leading research; funding changes; professional accreditation requirements; student or employer feedback; outcomes of reviews; and variations in staff or student numbers. In the event of any change we'll consult and inform students in good time and take reasonable steps to minimise disruption. We are no longer offering unrestricted module choice. If your course included unrestricted modules, your department will provide a list of modules from their own and other subject areas that you can choose from.
Learning and assessment
Learning
This dual honours course gives you a good grounding in both Accounting and Financial Management and Economics. You’ll spend roughly half your time in each department. The two subjects complement each other, which opens up even more career opportunities.
Our multidisciplinary approach means that you will learn practical skills to help you land the right job, as well as gaining the rigorous academic knowledge that you require to progress throughout your degree.
You'll attend lectures, seminars, workshops, computer labs and other programme level teaching with small group sizes and a supportive learning environment to see you achieve your full potential.
You will also develop an advanced understanding of economics. You'll learn through attending lectures, online videos, interactive workshops, tutorials and computer labs.
You'll be supported throughout your degree by your module leaders, tutors, personal tutors and our wider learning and teaching support such as the 301 Academic Skills Centre.
Our courses are based on world-leading research and our staff, many of whom have extensive industry experience, produce impactful research that influences policy and informs public debate.
We were ranked in the top 5 in the Russell Group for our research impact and 14th overall in the UK in the most recent Research Excellence Framework (2014), a periodic assessment of all university research in the UK. This gives you access to degrees that combine real-world application with cutting-edge business thinking.
You’ll be taught by some of the top economic experts in their fields, who care passionately about their subject. Our staff advise government departments in the UK such as the Department for Work and Pensions, the Department for Education and the Low Pay Commission. Their expertise helps shape government policies and aims to improve people’s lives.
Assessment
Your lecturers are here to support your development which is why you’ll be given extensive feedback on your work. We use a range of assessment methods including, exams, online tests, group/individual presentations and coursework. You will also get lots of formative and summative feedback to help you progress and reach your potential.
Programme specification
This tells you the aims and learning outcomes of this course and how these will be achieved and assessed.
Entry requirements
With Access Sheffield, you could qualify for additional consideration or an alternative offer - find out if you're eligible
The A Level entry requirements for this course are:
AAB
The A Level entry requirements for this course are:
ABB
A Levels + additional qualifications | ABB + A in a relevant EPQ; ABB + A in Core Maths ABB + A in a relevant EPQ; ABB + A in Core Maths
International Baccalaureate | 34 33
BTEC | DDD in a relevant subject DDD in a relevant subject
Scottish Highers | AAAAB AAABB
Welsh Baccalaureate + 2 A Levels | B + AA B+AB
Access to HE Diploma | 60 credits overall in a relevant subject with Distinctions in 36 Level 3 credits and Merits in 9 Level 3 credits 60 credits overall in a relevant subject with Distinctions in 30 Level 3 credits and Merits in 15 Level 3 credits
Mature students - explore other routes for mature students
You must demonstrate that your English is good enough for you to successfully complete your course. For this course we require: GCSE English Language at grade 4/C; IELTS grade of 6.5 with a minimum of 6.0 in each component; or an alternative acceptable English language qualification
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GCSE Maths grade 6 or grade B
We also accept a range of other UK qualifications and other EU/international qualifications.
If you have any questions about entry requirements, please contact the department.
Management School
We are a leading business school with Triple Crown accreditation (AACSB, AMBA and EQUIS). These awards have been achieved through the outstanding quality of our programmes, research output, support for students and alumni, and links with industry. We have a world-class reputation for high quality teaching, ground-breaking research and cutting-edge thinking.
You’ll be part of a dynamic and engaging business school that puts you and your future at the heart of everything it does. We balance a rigorous academic foundation with practical skills to ensure you are ready for the world of work.
We want you to develop skills so you can apply course content in a company setting. Our close links with organisations keep us in tune with the changing demands of the workplace. We know what employers are looking for.
You'll learn from experts - many are former industry professionals and they work closely with businesses. Because our academics are world-leading researchers, your education will draw on the most current management theories.
We want you to engage with the academic content, be conscientious and take an independent approach to study. We want you to be informed, innovative and proactive and do everything we can to support and enhance your career, steering you in the right direction with all the knowledge and skills you require. You'll benefit from tailored on-site and online professional careers support, dedicated skills sessions and events with experts from world-leading organisations and professional bodies. These activities will help guide your personal and professional development to help you secure your dream placement, internship or graduate role.
Management School students are based in our building on Conduit Road which accommodates learning facilities such as lecture theatres, seminar rooms, trading and computer rooms, our academic and professional staff, the Courtyard Café, and our Futures First Employability Hub and Student Experience Office. Teaching takes place at various venues across campus.
Facilities
The Management School has invested in an impressive, fully-equipped financial trading room, built around Bloomberg and Refinitiv Eikon.
These terminals are used by traders, banks and multinational companies to trade financial securities, gain market insights and undertake research. Students will also have the opportunity to gain certification that demonstrates competence in these systems, which will add real value to your CV.
Management SchoolDepartment of Economics
We have an international reputation for practical and real-world economics. You'll be taught by some of the top economic experts in their field and you'll receive the latest cutting-edge teaching from people that care passionately about their subject. Our staff advise government departments in the UK such as the Department for Work and Pensions, the Department for Education and the Low Pay Commission. Their expertise helps shape government policies and aims to improve people's lives.
We're one of the few stand alone economics departments in the north of England. Our graduates are in demand by some of the country's top economics employers such as the Bank of England, PwC, IBM and HM Treasury. We're large enough to offer a wide variety of optional specialised modules, but small enough so that you will get to know your tutors personally and build life-long friendships with the other students on your course.
Department of Economics students are based in the heart of the campus in 9 Mappin Street. You'll have some of your tutorials in the small classrooms in this building and lectures in locations across the campus.
Facilities
Our state-of-the-art classrooms are in the same building as our staff offices. You'll also have your own social space with computer access.
Department of EconomicsWhy choose Sheffield?
The University of Sheffield
A Top 100 university 2021
QS World University Rankings
Top 10% of all UK universities
Research Excellence Framework 2014
No 1 Students' Union in the UK
Whatuni Student Choice Awards 2019, 2018, 2017
Management School
AACSB, AMBA and EQUIS
Department of Economics
National Student Survey 2019
Student profiles
Studying this programme means I have developed skills in areas such as accounting, data analytics, and statistics. I hope to work in investment banking after graduation, so these are all practical skills that I'll be able to use in the workplace, and essential to gaining my graduate role!
Katrina Leung,
BA Accounting and Financial Management and Economics
Graduate careers
Management School
We have a dedicated Employability Hub where you can access careers support, find job or placement opportunities, and develop essential skills through workshops with industry experts. You're supported throughout your course and for up to three years after you graduate. We work with businesses and organisations to ensure the content of our courses are up-to-date and relevant, and that the skills and experience you'll gain meet the demands of future employers.
Sheffield University Management School careers
Department of Economics
Some of our graduates become professional economists in government, industry or the City. Others enter related professions - banking, insurance, accountancy, sales and marketing and retail management.
Recent graduates are now working for the Bank of England, HM Treasury, the European Parliament, PwC, Deloitte, IBM and Rolls Royce. Some prefer to advance their knowledge by studying economics at postgraduate level.
Add a placement year
Placement years can be taken between the second and final year of your degree. You'll choose whether you want to do this after you begin your course with us.
We'll add 'Degree with Employment Experience' to the end of your degree title to reflect your time spent in industry. All of our undergraduate courses offer the flexibility to add a placement year.
A placement year is an excellent opportunity to apply what you've learnt in your course and gain invaluable workplace experience. You'll develop a range of transferable skills and become more commercially aware.
You'll be paid a salary on average £13,000 - £25,000. Some big corporates are starting to see it as an extended selection process for their graduate training schemes.
Previous students have undertaken placements at Accenture, Aldi, Boots, BMW, L'Oreal, IBM, Morgan Stanley, PwC, Rolls-Royce, Marks and Spencer, Microsoft, Nissan and Walt Disney, as well as less well-known companies.
Fees and funding
Fees
Additional costs
The annual fee for your course includes a number of items in addition to your tuition. If an item or activity is classed as a compulsory element for your course, it will normally be included in your tuition fee. There are also other costs which you may need to consider.
Funding your study
Depending on your circumstances, you may qualify for a bursary, scholarship or loan to help fund your study and enhance your learning experience.
Use our Student Funding Calculator to work out what you’re eligible for.
Visit us
University open days
There are four open days every year, usually in June, July, September and October. You can talk to staff and students, tour the campus and see inside the accommodation.
Taster days
At various times in the year we run online taster sessions to help Year 12 students experience what it is like to study at the University of Sheffield.
Applicant days
If you've received an offer to study with us, we'll invite you to one of our applicant days, which take place between November and April. These applicant days have a strong department focus and give you the chance to really explore student life here, even if you've visited us before.
Campus tours
Campus tours run regularly throughout the year, at 1pm every Monday, Wednesday and Friday.
Apply for this course
Make sure you've done everything you need to do before you apply.
How to apply When you're ready to apply, see the UCAS website:
www.ucas.com
Contact us
Telephone: +44 114 222 3349
Email: management-admissions@sheffield.ac.uk
The awarding body for this course is the University of Sheffield.