Accreditation to Accounting Bodies Update July 2010
(please note this information is subject to confirmation)
Institute of Chartered Accountants in England & Wales (ICAEW)
Nottingham University
BA (Hons) Finance, Accounting and Management
BA (Hons) Management Studies
Summary of Professional Stage Credits
ICAEW
Paper
Awarded on the Basis of passes in
Accounting
N11123 Financial Accounting
N12307 (N1B307) Financial Reporting
N11440 (N1B440) Entrepreneurship
and Business
N11123 Financial Accounting
N11605 Business Finance
N11126 Management Accounting and
Decisions 1
N11130 Accounting Information
Systems
N13505 Auditing, Governance and
Scandals
N13301 Financial Analysis
N11120 (N1A120) Business Law A
N11133 (N1A121) Business Law B
N11126 Management Accounting and
Decisions 1
N12401 (N1B405) Management
Accounting and Decisions 2
N12405 Financial Management
N13306 Corporate Finance
N13313 International Finance
Business
and Finance
Law
Management
Information
Financial
Management
Core/
Optional
in FAM
C
C
C
Core/
Optional
MS
C
O
C
C
C
C
C
O
C
C
O
C
O
C
C
C
C
O
O
O
C
C
C
C
C
O
O
O
O
Minimum pass
mark required
for all modules
To apply for credit
you will need to
have achieved a
minimum mark of
50% in all courses
needed for credit
with at least 40%
in all the assessed
elements
However if you
achieve at least a
2:1 degree then
credit for Business
and Finance Credit
will be awarded to
you upon
application
CIMA ACCREDITATION
The Chartered Institute of Management Accountants (CIMA) awards exemptions from the five
papers on their Certificate in Business Accounting programme. Students who obtain their Honours
degree will be eligible to claim exemptions from the following papers if they have achieved a pass
mark of 40%+ in each of the relevant modules at the first attempt.
Institution name: Nottingham University Business School (UK, Malaysia and China Campuses)
Programme(s): BA Hons Finance, Accounting and Management (all campuses)
Intake: From September 2006
Graduation: From June 2009
Core/Option
Module title upon which exemption is based:
status
(Please include codes)
CIMA Certificate Level
Please state
Please state
C1 Fundamentals of
Management Accounting
Core
Core
C2 Fundamentals of
Financial Accounting
Core
C3 Fundamentals of
Business Mathematics
Core
Core
C4 Fundamentals of
Business Economics
C5 Fundamentals of Ethics,
Corporate Governance and
Business Law
Core
N11126 Management Accounting & Decisions 1
(Malaysia U11126, China P11126)
N1B405 (or N12401) Management Accounting &
Decisions 2
(Malaysia U1B405, China P12405)
N11123 Financial Accounting
(Malaysia U11123, China P11123)
N11127 Quantitative Methods 1B
(Malaysia U11127, China P11127)
N12406 Quantitative Methods 2A
(Malaysia U12406, China P12406)
N 11606 Microeconomics for Business A
(Malaysia Business Economics A U11604, China
Microeconomics for Business A P11606)
Core
N 12615 Microeconomics for Business B OR
N11115 Microeconomics for Business B1 (Malaysia
Business Economics B U12609, China
Microeconomics for Business B P12605)
Core
N11107 Contemporary Economic Policy OR N11114
Macroeconomics for Business
(Contemporary Economic Policy Malaysia U11107,
China P11107)
Core
N1A120 Business Law A
(Malaysia U1A120, China P11120)
Core
N1A121 Business Law B
(Malaysia U1A121, China P11121)
Core
N13601 Business Ethics
(Malaysia U13601, China P13601)
Institution name: Nottingham University Business School (UK, Malaysia and China Campuses)
Programme(s): BA Hons Management Studies (UK and Malaysia)
BA International Business Management (China)
Intake: From September 2006
Graduation: From June 2009
Exemption
chosen
Core/Option
Module title upon which exemption is based:
status
(Please include codes)
CIMA Certificate Level
Please tick
Please state
Please state
C1 Fundamentals of
Management Accounting
X
Core
N11126 Management Accounting & Decisions 1
(Malaysia U11126, China P11126)
Core
N1B405 (or N12401) Management Accounting &
Decisions 2
(Malaysia U12401, China P12405)
N11123 Financial Accounting
(Malaysia U11123, China P11123)
N11127 Quantitative Methods 1B
(Malaysia U11127, China P11127) OR
C2 Fundamentals of
Financial Accounting
X
Core
C3 Fundamentals of
Business Mathematics
X
Core
Core
Option
C4 Fundamentals of
Business Economics
X
Core
Core
Core
C5 Fundamentals of Ethics,
Corporate Governance and
Business Law
X
Core
Core
Option
N11117 Quantitative Analysis for Business
N12406 Quantitative Methods 2A
(Malaysia U12406, China P12406)
N11604 Business Economics A
(Malaysia U11604)
N12609 Business Economics B
(Malaysia U12609)
OR
N11116 Business Economics B 1 (2010 entry
onwards)
N11107 Contemporary Economic Policy (Malaysia
U11107)
For China only
P 11606 Microeconomics for Business 1 OR
Microeconomics for Business B1
P 12615 Microeconomics for Business 2
P11107 Contemporary Economic Policy
N1A120 Business Law A
(Malaysia U1A120, China P11120)
Option
N1A121 Business Law B
(Malaysia U1A121, China P11121)
Core
N13601 Business Ethics
(Malaysia U13601, China P13601)
ACCA ACCREDITATION
The Association of Chartered Certified Accountants (ACCA) award exemptions from Parts 1 and 2 of
their Professional Examination Scheme. Students who obtain their Honours degree will be eligible to
claim exemptions from the following papers if they have achieved a pass mark of 40%+ in each of
the relevant modules at the first attempt.
BA Finance, Accounting and Management Programme Graduates from 1-Jan 2005 – 31
Dec 2010
Completion of the Programme provides exemptions from the following papers:
F1
F2
F3
Accountant in Business
Management Accountant
Financial Accounting
In addition the paper listed below will be exempted on the basis of the corresponding accredited
modules
F4
Corporate and Business Law on the bases:
Business Law A and Business Law B
BA Management Studies Graduates from 1-Jan 2005 – 31 Dec 2010
Completion of the Programme provides exemptions from the following papers:
F1
Accountant in Business
In addition the paper listed below will be exempted on the basis of the corresponding accredited
modules
F1
Accountant in Business on the basis of:
Management Accounting & Decisions I (N11126) and Management
Accounting & Decisions II (N1B405)
F2
Management Accountant on the basis of:
Financial Accounting (N11123) and Financial Reporting (N1B307)
F4
Corporate and Business Law on the bases of:
Business Law A and Business Law B
Helping you with a career in insurance
With over 93,000 members in more than 150 countries, the Chartered Insurance Institute
(CII) is the world’s largest professional body for insurance and financial services and one of
the UK’s largest professional bodies in any sector. Along with two qualification frameworks
in insurance and financial services, it works with employers to support continuous
professional development (CPD) and has a national network of local institutes to provide a
comprehensive support service to members. The CII also works to lobby government and
authorities on best practice and developments looking ahead for the insurance industry.
Your degree at The University of Nottingham can exempt you from several CII
examinations. To understand how, we need to explain the stages of qualification.
What are the stages of qualification?
There are three levels which you pass by gaining credits from passing examinations; while
you have choices of which subjects to take, there are some mandatory papers at each
stage:



Certificate in Insurance (1 mandatory paper, 40 credits in total)
Diploma in Insurance (3 mandatory papers, 110 credits in total)
Advanced Diploma in Insurance (2 mandatory papers, 290 credits in total)
When you pass each level, you can use designatory letters Cert CII, Dip CII and ACII
respectively. To keep these letters you will need to take part in CPD activity.
Next steps include Fellowship and Chartered titles.
What if I have a degree in Industrial Economics, Management Studies or Finance,
Accounting and Management?
You can claim 55 credits. This means that, to gain the Certificate in Insurance, you only
need pass the one mandatory Certificate-level unit (IF1 Introduction to Insurance, Legal
and Regulatory Practice).
You can then carry 30 credits towards the additional 70 required for Diploma in Insurance.
However, if you have taken some or all of the University’s risk/insurance specialist modules
as part of your degree, you can apply to the CII, who can assess if more than 55 credits
can be claimed.
What if I have a degree in Industrial Economics with Insurance?
You can claim a minimum of 80 credits. This means that, to gain the Certificate in
Insurance, you only need pass the one mandatory Certificate-level unit (IF1 Introduction to
Insurance, Legal and Regulatory Practice).
You can then carry a minimum of 55 credits towards the additional 70 required for Diploma
in Insurance.
What if I have an MA degree in Insurance Studies or Risk Management?
You can claim a minimum of 60 credits. This means that, to gain the Certificate in
Insurance, you only need pass the one mandatory Certificate-level unit (IF1 Introduction to
Insurance, Legal and Regulatory Practice).
You can then carry a minimum of 35 credits towards the additional 70 required for Diploma
in Insurance.
How do I take the IF1 exam?
Certificate-level exams are available online and on-demand at a network of centres around
the country – the nearest exam centre is in Beeston. You do not need to be a member of
the CII to take the exam, although being a member does reduce the cost of the exam from
£119 to £87. The standard cost of the accompanying course book is £122 for nonmembers, £104 for members.
To make an entry for the exam, please contact Jennifer Howis
(Jennifer.howis@nottingham.ac.uk) at the University, or visit www.cii.co.uk
How do I get more information?
For more information on membership of the CII visit www.cii.co.uk/membership
For more information on the unit and CII’s other programmes, please contact Caspar
Bartington, the CII’s Relationship Manager for Higher Education by email
caspar.bartington@cii.co.uk
Note: information about fees is subject to change from time to time.
Christopher O’Brien
Director, Centre for Risk and Insurance Studies
Nottingham University Business School
May 2009