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What do exemptions mean?

  • Exemptions mean that it will take you less time once graduated to become a qualified accountant.
  • Every exemption means one less exam that you have to sit with a professional accounting body. For example, 10 exemptions with CIMA (Chartered Institute of Management Accountants) means that you would only have to sit 5 exams out of the 15 exams to become qualified with them.

Why are exemptions so important?

  • They are important as the more exemptions a course can offer the less time it will take you to qualify as an accountant.
  • They also show how aligned the course is to the professional accounting industry requirements, which can be important as you look for a job.

Will these exemptions help me find a job once I have graduated?

  • If you are looking for an accounting role, employers will like the fact that you could be qualified in less time.
  • If you are thinking of a career in finance or business, the fact that you have graduated from a highly accredited course will show that your degree was professional and has equipped you with many relevant employability skills.

Which accounting bodies award exemptions to this course?

Exemptions are available from all the major accounting bodies. Below is a list and the exemptions/accreditation currently available:

ACCA – Association of Chartered Certified Accountants 9 exemptions (maximum available)
CIMA – Chartered Institute of Management Accountants 11 exemptions (maximum available)
ICAEW – Institute of Chartered Accountants in England and Wales 8 exemptions ( maximum available)
CIPFA – Chartered Institute of Public Finance and Accountancy 7 exemptions available
AAT – Association of Accounting Technicians Membership available once graduated
IFA – Institute of Financial Accountants Associate membership once graduated

    What is the difference between each of the qualifications and accounting bodies?

    • Each of the accounting bodies offer you a route to becoming a qualified accountant.
    • We discuss the difference between all the accounting bodies and their specific qualifications throughout your time at the University of Chester, with external speakers and careers advice along the way. This will prepare you for making a decision between qualifications once graduating.
    • Very often an employer will steer you towards one specific accounting body to study with. Therefore it is of benefit to you that this course offers maximum exemptions from all the main accounting bodies.

    How do I become a qualified accountant?

    • Once you have graduated you will look for a job as an accountant with a company.
    • A lot of companies offer study packages where exam and study fees are paid and study time offered.
    • Either the company will have a preferred accounting body for you to study with or you can choose which route to take.
    • You apply for the exemptions due to you and then you sit the remaining exams.
    • Each accounting body also requires that you have a number of years of experience before you can become fully qualified.

    How long will it take me to become a qualified accountant?

    • This will vary very much depending on the qualification that you choose to do.
    • It will also depend on the job that you take once graduated and how much time you have to study.

    Which careers could I go into with an Accounting degree?

    Whilst this course has been set up with significant professional exemptions and accounting accreditation it can also lead you to jobs in many different fields.

    • Accountancy – e.g. management accountant, financial accountant, tax adviser
    • Finance – e.g. stockbroker, financial adviser, retail banker
    • Business e.g. business consultant, marketing analyst