Course content
Integrative in its design and delivery, this apprenticeship is designed for individuals who are new to the accountancy sector and starting their career journey, or those with varying levels of existing experience in the field who are progressing their career within an organisation.
There are two routes into the programme. For those without a level 4 AAT qualification, the first year of the course will cover this content and you will sit two of the five professional exams whilst being eligible to apply for exemptions (if equivalent modules passed) resulting in gaining the AAT Level 4 Diploma in Professional Accounting and MAAT status. For those with the AAT, they can join through our Accredited Prior Certified Learning (APCL) route and join in year two. Experiential learning may also be considered.
The programme is for those who currently or aspire to manage and implement accounting, finance systems and processes which support decision making inline with strategy by applying technical and technological knowledge and skills to all aspects of accounting and finance within an organisation. Through this programme you will use principles of problem-based and inquiry-led learning to demonstrate effectiveness in applying accounting knowledge and developing relevant skills and behaviours.
Each stage of study is structured to incorporate masterclasses, online learning, academic coaching and workplace mentoring. Assessment is ongoing and is relevant to the work tasks of apprentices, measuring the higher-level thinking skills demonstrated in a variety of problem-based assignments.
Please note, AAT are changing the syllabus for their level 4 Diploma in Professional Accounting in 2026, and as such, this may mean we need to make changes to the programme in order to align it to the new curriculum. Should this be the case, we will inform you as soon as possible about these changes.
Please note that the module information displayed here is subject to change.
120 credits of compulsory modules.
Compulsory modules
| Code | Module | Credits |
|---|---|---|
| Compulsory 1 | ||
| Introduction to Accounting and Financial Management | 30 | |
| Preparing Financial Statements | 30 | |
| Budgeting and Financial Management | 30 | |
| Ethics Governance and Law | 30 | |
BEA1019DAZ: Introduction to Accounting and Financial Management
Accounting is an indispensable tool for all businesses offering a comprehensive and organised approach to managing financial information. Within this module we will explore accounting concepts and standards in UK GAAP and IFRS through the preparation of accounting statements through the principles of double entry bookkeeping, through to the principles and significance of reconciling internal system records with external information sources such as banks and suppliers.
Furthermore, we will provide a comprehensive introduction to tools to aid with financial planning, including costing models and variance analysis. We will introduce the use of technology available for financial reporting and internal controls.
This is the start of your journey where you will evolve into a conscientious and diligent accountant, armed with the skills to navigate the intricate landscapes of accounting and financial management!
This module will provide you with an opportunity to explore the fundamentals of financial and management accounting, allowing you to explore the fundamental principles accounting from double entry bookkeeping to preparing financial statements. It will give an overview of how accounting information can be used to inform management decisions including the fundamentals of budgeting. From this you will gain a clear insight into financial and management accounting.
BEA1020DAZ: Preparing Financial Statements
This module will give you the knowledge and skills to prepare financial statements, or extracts thereof, in accordance with International Financial Reporting Standards (IFRS) and UK Generally Accepted Accounting Practice (GAAP). In doing so you will apply the regulatory framework of financial accounting that applies to sole traders, partnerships, companies, charities, and public sector organisations, and identify and use appropriate digital technology to achieve desired outputs in the context of producing statutory of financial reports.
Furthermore, you will apply the principles and recognise the significance of reconciling internal system records with external information sources such as banks and suppliers.
By the end of this module, you will be able to analyse and interpret the reasons for differences between internal and external source documentation and produce reconciliations that clearly identify those differences and required actions.
You will develop as a conscientious and diligent accountant with a passion for attention to detail striving for completeness and accuracy.
This module will provide you with the skills and knowledge for drafting the financial statements of single limited companies. You will explore the application of international accounting standards when drafting the financial statements, along with the regulatory and conceptual frameworks that underpin the preparation of limited company financial statements.
BEA1021DAZ: Budgeting and Financial Management
The purpose of this module is to provide you with the methods and techniques of budgeting and forecasting required to manage revenue, expenditure and cash flow.
By the end of the module, you will be able to create budgets and forecasts using the most appropriate tools and techniques. Interpret budget reports to evaluate the reliability of forecasts and to identify variances which require further action.
This will result in you being able to compile, manage and report on budgets and be able to apply different approaches used to analyse the financial and non-financial impact of management decisions.
Finally, you will be able to interpret the process of how data is collected, extracted, analysed and reported.
This module explores the role of management accounting in an organisation, and how the information is used to aid decision making, including the principles that underpin management accounting methodology and techniques such as how costs are handled in organisations and reasons for treating costs in different ways.
BEA1025DAZ: Ethics Governance and Law
In the dynamic landscape of modern business, where financial transactions weave a complex tapestry of economic interactions, the pillars of ethics, governance, and law stand tall as the guardians of integrity in accounting practices. As custodians of financial information, accountants play a pivotal role in shaping the economic narrative of organisations. However, the mere crunching of numbers is not enough; the ethical compass guiding these financial custodians is equally crucial. This module explores how ethics, governance, and law forms the bedrock upon which the credibility and reliability of financial information rest.
In this intricate dance between numbers and principles, the importance of ethics, governance, and law in accounting emerges as a beacon that not only ensures financial transparency but also safeguards the trust that society places in the financial systems that underpin our global economy. Join us on a journey to unravel the intricate interplay of these forces, where numbers meet morality, and integrity becomes the cornerstone of financial stewardship
Studenst will develop knowledge and skills in the understanding of the general legal framework, and of specific legal areas relating to business, recognising the need to seek further specialist legal advice where necessary.
Please note that the module information displayed here is subject to change.
120 credits of compulsory modules.
Compulsory modules
| Code | Module | Credits |
|---|---|---|
| Compulsory 1 | ||
| Management Accounting | 30 | |
| Accounting Systems and Internal Controls | 30 | |
| Taxation | 30 | |
| UK Financial Reporting | 30 | |
BEA2021DAZ: Management Accounting
Management accounting is a branch of accounting that provides information to help organisations make internal business decisions. Unlike financial accounting, which focuses on providing information to external stakeholders such as investors and regulators, management accounting is primarily concerned with serving the needs of management within the organisation.
Within this module we will explore the main objectives of management accounting including decision-making, planning and budgeting, performance evaluation, costing and internal reporting.
At the end of this module, you will be able to develop, communicate, and deliver operational plans that meet strategic objectives, set targets and Key performance indicators (KPIs), manage resources, and monitor and measure outcomes to establish operations effectively, efficiently and economically.
This module aims to provide you with an in-depth appreciation of strategic planning techniques that are used by organisations to analyse, develop, and implement. Furthermore you will explore various decision-making techniques that are applicable to a wide range of short-term and long-term decisions faced by organisations, contemporary cost management philosophies and performance management. The aim is not to just cover the techniques but to appreciate the context of its application and barriers that may hinder its success.
BEA2025DAZ: Accounting Systems and Internal Controls
Accounting systems and controls are essential components of financial management within organisations. They are designed to ensure the accuracy, reliability, and integrity of financial information, as well as compliance with relevant laws and regulations.
Within this module you will explore the principles and practice of designing, implementing and maintaining internal controls that mitigate risk and prevent issues, such as with quality, accuracy, fraud, cyber-attacks, or other irregularity.
You will be able to document organisational manual and digital internal controls, identify weaknesses, and make practical recommendations for improvement. In doing so you will use a variety of approaches to internal controls for both manual and digital systems and processes, with consideration for the control environment.
The module aims to explore how those working within the accounts department play a pivotal role in guarding against misuse of resources, and will provide you with the tools to evaluate internal controls and to recommend improvements. Within this module you will review accounting systems to identify weaknesses and will make recommendations to mitigate identified weaknesses in future operations. In doing so you will apply several analytical methods to evaluate the implications of any changes to operating procedures.
BEA2026DAZ: Taxation
Within this module we will explore the importance of taxation in society and its impact on government policy and the relationship of UK taxation to the accounting and finance function within organisations.
By the end of this module, you will be able to identify the implications for taxation reporting and obligations of organisational or client decision making and apply the principles of digital technology used to process data and fulfil organisational and HMRC digital taxation reporting requirements.
Finally, you will be able to analyse and summarise organisational or client decision making and the impact on taxation reporting and obligations.
The aim of this module will enable you to develop an understanding of how tax policies are set and react to changes in taxpayer behaviour and other forces. You will also explore the mechanics of how tax policy is administered and governed in the UK and how tax practitioners/accountants approach taxation with their clients and
Finally you will have the opportunity to analyse the impact UK tax rules have on taxpayers of different types (e.g. corporate entities, individuals) both directly and indirectly .
BEA2028DAZ: UK Financial Reporting
UK Financial Reporting refers to the process and framework through which companies in the United Kingdom communicate their financial information to various stakeholders, including investors, creditors, regulatory authorities, and the public. Financial reporting is a crucial aspect of corporate governance and transparency, as it provides a comprehensive view of a company's financial performance and position.
Within this module we will use the regulatory framework of financial accounting that applies to sole traders, partnerships, companies, charities, and public sector organisations through accounting concepts and standards in UK GAAP and IFRS.
We will produce financial statements including: Income Statement (Profit and Loss Accounts), and Statement of Financial Position (Balance Sheets) using the accounting equation.
We will also explore how financial reporting and standards evolve and the importance for accountants to maintain up to date knowledge of the regulations surrounding financial reporting in the UK.
Please note that the module information displayed here is subject to change.
120 credits of compulsory modules.
Compulsory modules
| Code | Module | Credits |
|---|---|---|
| Stage 3 | ||
| Audit and Assurance | 30 | |
| Financial Management | 30 | |
| EPA Portfolio | 30 | |
| EPA Project | 30 | |
BEA3042DAZ: Audit and Assurance
Audit and assurance are not just about numbers on a spreadsheet; they are about unravelling the narratives woven within financial statements, dissecting risks, and illuminating the path to transparency. As we embark on this exploration, we will delve into the art and science of safeguarding financial information, understanding the significance of audits in bolstering investor confidence, and unravelling the symbiotic relationship between auditors and the organisations they scrutinise.
By the end of this module, you will gain an understanding of the importance of the internal and external audit function and the significance of providing information requested from the audit teams to fulfil their duties. In doing so you will be able to analyse financial and non-financial internal data and compare with benchmark data such as from competitors, stakeholders, and market trends.
Finally, you will produce the information required by internal and external auditors in a clear format applying rigorous and empirical approach to the analysis of data and research the facts and gathering expert opinion before recommending action.
Most importantly, you will be able to act with professional scepticism including a questioning mind, being alert to conditions which may indicate a possible misstatement due to error or fraud and a critical assessment of evidence.
BEA3043DAZ: Financial Management
Financial Management is designed to equip you with the necessary knowledge and skills to manage financial resources effectively within an organisation. The module emphasises developing a comprehensive understanding of financial decision-making and strategic management in the context of business operations. The course aims to build the skills required for financial analysis, investment appraisal, financial planning, and risk management, preparing you for senior roles in financial management.
The aim of the module is to develop your knowledge and skills expected of a finance manager responsible for the finance function of a business, in relation to investment, financing, and dividend policy decisions.
The role and purpose of the financial management function within a business is introduced to you. The economic environment in which management decisions are made is explored. The module includes the three key financial management decisions of investing, financing, and dividend policy. The module also looks at investing decisions, including investment in (and the management of) working capital and the appraisal of long-term investments.
BEA3044DAZ: EPA Portfolio
Throughout your programme you will collate an evidence portfolio. This portfolio will contain work product that will showcase your application of knowledge in your workplace and mastery of the skills and behaviours. Within this module you will be given the tools to gather evidence which will enable you to demonstrate your competency against the knowledge, skills and behaviours (KSBs) outlined in the Accounting Finance Manager Integrated Degree Apprenticeship Standard.
BEA3045DAZ: EPA Project
Accounts and finance managers need to present accounts and financial data and recommendations communicating clearly in writing, and to plan, deliver and evaluate discrete projects putting organisational requirements into practice. They must be able to devise, apply and explain the rationale behind methods for solving problems, testing ideas and setting out options for stakeholders. They need to demonstrate a practical understanding of the impacts of digital technologies in their organisation.
This capstone module provides you with the opportunity to undertake a significant and defined project that has a real business application and benefit. The project must meet the needs of the employer’s business and be relevant to the apprentice’s occupation and apprenticeship
AAT - the Association of Accounting Technicians, a globally recognised professional body that offers qualifications in accounting and finance. Our programme has exemption from all but 2 exams. Students can take two AAT exams and achieve the Level 4 Diploma in Professional Accounting & MAAT status.
ACCA - the Association of Chartered Certified Accountants, a global body for professional accountants. It's a leading accountancy qualification for aspiring financial professionals. Our programme has exemptions from 9 exams if criteria are met, these include 3 Applied Knowledge and 6 Applied Skills exams.
CIMA - the Chartered Institute if Management Accounts, a globally recognised professional credential which focuses on management accounting. Our programme has exemptions from 8 exams if criteria are met, 4 at Certificate level and 4 at Operational level.
Joint 3rd for Accounting and Finance graduate prospects
Triple accredited Business School
AMBA, AACSB, EQUIS
Online/Hybrid Learning
Apprentices earn a salary and pay zero tuition fees, meaning they’ll graduate debt-free and enhance their career
Entry requirements
| Qualification | Typical offer | Required subject |
|---|---|---|
| A Level | BBB UBS only ABB |
|
| IB | 30/555 | |
| BTEC | DDM | |
| T-level | Merit | |
| Contextual offers | BCC | Find out more about contextual offers |
| Equivalences | View other grade equivalences | |
Additional entry requirements
As an apprenticeship funding requirement, all apprentices aged 16-18 studying for a level 3 apprenticeship or higher are required to evidence achievement at level 2 in Mathematics and English before their gateway to endpoint assessment.
If the apprentice is aged 19+ when they begin their apprenticeship training, and they do not already hold a suitable equivalent qualification, English and / or maths is an optional part of the programme under the funding rules. However, L2 English remains a standard entry requirement for University of Exeter programmes.
Find out more about how we support Functional Skills.
Applicants must also have a valid and eligible residency status to gain entry onto the apprenticeship – please see the Department for Education website for further information.
Accreditation of Prior Experiential Learning (APEL) and Accreditation of Prior Certified Learning (APCL)
Candidates can fast track and join in year 2 of the programme if they already hold the AAT Level 4 diploma or similar qualification.
Existing employees can apply if they have a minimum of 2 years of relevant work experience in accountancy. You must also be in a role that supports the gathering of evidence required for the Accounting Finance Manager IfATE standard. Candidates will be required to complete an Experiential Reflection form ( 1200-2000 words) to demonstrate why they should join straight into year 2. This will be assessed by the Programme Director.
Other relevant or prior experience may also be considered as an alternative so we would encourage applicants with non-standard qualifications to contact us to discuss their eligibility.
How to apply
Accounting Finance Manager Degree Apprenticeship does not follow the standard UCAS application process. To gain a place candidates must apply directly to one of our employer partners’ vacancies.
Candidates can apply to this programme in addition to making applications to any institution through UCAS. When vacancies are open they will be advertised by our employer partners and on University of Exeter Degree Apprenticeship website.
Please be aware that employers start their recruitment at different times of the year so please be sure to check regularly.
- Vacancies are advertised by employers and promoted through our current vacancies page when they become available.
- Candidates should apply through their chosen company's website via the links which are available on this page once vacancies become live.
- Candidates are welcome to apply for more than one vacancy.
- Please be aware that each company will have their own recruitment process, the stages and timelines may vary.
- If applicants are successful they will be offered a position as an apprentice with the company.
- An apprenticeship place on the programme will be confirmed by University of Exeter, and we will send further information about how to enrol as a student.
- If candidates have not been successful this time, do not worry! Keep an eye out for other opportunities on our vacancies page.
Fees and Funding
Full programme cost: £27,000
This apprenticeship is entirely funded through an Employers’ Apprenticeship Levy. Your employer fully covers the cost of the apprenticeship; apprentices do not pay for any of the eligible training costs. The apprentice will be an employee of the organisation, gaining a University of Exeter award alongside working and earning a salary.
Employers who pay the Apprenticeship Levy will pay for the apprenticeship fees directly through that contribution. See further information about the Apprenticeship Levy funding.
Employers who do not pay the Levy will be able to claim 95 per cent of the cost of the apprenticeship from the Government. Up to 100 per cent Government contribution may be available if the employer has fewer than 50 employees and:
- Recruits an apprentice aged 16-21
- OR an apprentice aged 22-24 who has previously been in care or who has a local authority education, health and care plan
Employers must pay their apprentices a salary at least consistent with national legislation.
Funding eligibility criteria
To be eligible for funding the apprentice must meet the criteria listed in the Department for Education guidance.
The apprentice must have a valid and eligible residency status to gain entry onto the apprenticeship.
Learning and teaching
Approximately 20 per cent of an apprentice's contractual working time will be given over to study (6 hours minimum per week). Our model is designed to be flexible around the needs of apprentices and workloads to minimise undue disruptions to their daily role and ensuring maximum flexibility to gain new knowledge and develop skills and behaviours.
This programme will be assessed by:
- Knowledge and skills assessment
- Behavioural assessment
- Module assessments
- Structured competency-based interview
- Assessment of portfolio of evidence
- Assessment of the work-based project followed by a presentation on work-based project – with Q&A session.
Our dedicated partnerships team liaise closely with employers throughout the programme. Alongside a team of world-leading academics with rich industry experience, apprentices will also have dedicated mentors to support and guide both them and their employer throughout the entire course of the apprenticeship.
Your future
Solid industry experience is what employers look for when recruiting. As a graduate of a degree apprenticeship programme apprentices will be working in an exciting and relevant job from day one of their studies, meaning when they’ll have the both the professional and academic experience sought after by employers to drive impact within their organisation.
This undergraduate programme allows apprentices to gain exemptions for all nine ACCA Applied Skills and Knowledge papers (available if graduates passed the appropriate modules at 40%) leaving the strategic level to complete in order to attain Chartered status.
Find out more about our Accounting Finance Manager degree apprenticeship
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