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Minor in
Accounting

The Minor in Accounting will give you a valuable insight into financial accounting and management accounting, whilst giving you the flexibility to study other more senior courses in Accounting, at your choice.

Please note, this minor is not available for students majoring in Business Management.

Goes well with

  • Business Management: Entrepreneurship (BA)
  • Digital Marketing (BA)
  • Fashion Management and Marketing (BA)
  • Psychology (BA)

Related minors

  • Minor in Accounting and Finance
  • Minor in Economics
  • Minor in Finance
  • Minor in Mathematics

Programme Structure

An undergraduate may complete the requirements of one major and one minor and receive one US degree. A minor is an optional subject of specialisation within the undergraduate degree, which must be outside of the undergraduate major course of study and consist of at least 18 US /72 UK credits. A minor may not be completed independent of an undergraduate degree.

Undergraduates who add a minor to their major degree programme will normally need to complete more than the minimum 120 US/480 UK credits required for graduation. The normal course load for a full-time undergraduate student is 15-16 US/60-64 UK credits a semester. The minimum full-time undergraduate course load is 9 US/36 UK credits a semester.

Minor in Accounting Programme Specification

US Credits

UK Credits
From this list you must take one Level 4 course and two courses from Level 5/6:
  • ACCT 4101 Managerial Accounting

    This Managerial Accounting course is designed to develop knowledge and understanding of key management accounting techniques that support effective planning, controlling, and monitoring performance in various business contexts. It provides financial and non-financial information to aid management decision-making, covering cost classification, budgeting, variance analysis, and performance measurement. By the end of the course, students will be equipped to use management accounting tools to support strategic objectives and enhance organisational performance.

 4 16
  • ACCT 5103 Performance Management

    The course builds on the principles covered in managerial accounting and develops knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation and control within an organisation.

 4 16
  • ACCT 5101 Financial Accounting

    The Financial Accounting course introduces the basics of the regulatory framework for preparing accounts and the qualitative characteristics of useful financial information. It covers the principles of account preparation, including detailed processes for recording, processing, and reporting business transactions and events. The course also includes reconciliations, trial balance preparation, error correction, and suspense accounts, all of which lead to the creation of financial statements for both incorporated and unincorporated entities.

 4 16
  • ACCT 5102 Financial Decision Making

    The course introduces the role and purpose of financial management within a business organisation. The Financial Decision Making course highlights the importance of the three fundamental financial management decisions: financing, dividend policy and investment. It explores the economic environment within which these financial management decisions are made. The course covers working capital management and the appraisal of long-term investments in detail. The course examines the various funding options for business organisations. Funding decisions include internal and external funding sources. The course considers the cost of capital and the type of capital selected for a business organisation. The principles underlying the valuation of a business and financial assets are also covered. The course then examines risk and the main techniques employed in managing such risk.

 4 16
  • ACCT 6102 Financial Reporting

    The aim of the course is to provide students with an understanding of the principles and concepts underlying financial reporting, and the ability to apply these principles to the preparation and analysis of financial statements.

 4 16
  • ACCT 6101 Audit and Assurance

    The course focuses on the concepts and techniques relating to the provision of audits under the various Companies Acts and investigates the legal and ethical framework surrounding auditing. Students will become familiar with concepts and practices relating to the auditing profession and legal liability. Current issues about auditing will be discussed throughout the course.

 4 16
  • ACCT 6103 Taxation

    The Taxation course provides students with essential knowledge of the UK tax system, focusing on key taxes such as income tax, corporation tax, VAT, and inheritance tax. Students will gain practical skills to compute tax liabilities, apply tax-planning techniques, and address compliance issues for individuals and businesses.

 4 16
Minor Requirements 12 48

The University reserves the right to cancel or replace programmes and/or courses for which there is insufficient enrolment or concerns about academic standards, or for which the University cannot provide adequate teaching resources. Reasonable and appropriate effort is made to ensure that the content of courses corresponds with the descriptions in the University’s Programme and Course Listings.

For more detailed information on each of the course specifications, please visit our webpage here.

What is the Liberal Arts?

We understand that not everyone is familiar with the Liberal Arts education system. That is why we have produced a short guide explaining the structure at Richmond as well as the benefits.

THE LIBERAL ARTS
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What our students say

“I am a rising senior and interned for the Finance Department at The International Transport Workers’ Federation.

Working for the ITF was a revealing experience; I learned about the scope of my interests and if those interests coincide with a future in Finance or Accounting. This internship has provided me with the necessary skills of working efficiently without error and maintaining a strong focus throughout the day that will help me to be successful after Richmond.

I mostly am enjoying the positive relationships that I am building with my co-workers, which I hope will persist after I leave in August.

Working at the ITF is both challenging and comforting, and I am grateful for this experience.”

– Marlene Dieckert, Finance Intern at AGC Partners

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