What Subjects Are Needed for Accounting and Finance?

What Subjects Are Needed for Accounting and Finance?

Introduction

Accounting and finance are popular degree choices in the UK and worldwide. These subjects open doors to careers in banking, auditing, taxation, consultancy, and corporate finance. However, gaining admission into a good university requires the right academic background.

Understanding the subjects needed for studying accounting and finance helps students plan their A-levels, GCSEs, or equivalent qualifications. Choosing the correct subjects improves application success and builds the right skills for university-level study.

Core Subjects Needed for Accounting and Finance Degree

Most UK universities look for strong performance in subjects that develop numerical, analytical, and critical thinking skills. Some institutions are flexible with entry requirements, while others specify particular subjects.

Mathematics

Mathematics is one of the most important subjects for an accounting and finance degree. It forms the foundation for financial calculations, statistical analysis, and economic reasoning. Many universities either require or strongly prefer mathematics at A-level.

Applicants with strong grades in maths are often viewed as well-prepared for the quantitative aspects of the course.

Accounting (if available)

Some colleges or sixth forms offer accounting as an A-level subject. While not mandatory, taking accounting can demonstrate interest and provide a basic understanding of the field. Students who study it often adapt more easily to university-level coursework.

However, many universities do not require accounting because it is not widely available in all schools.

Economics

Economics teaches principles of markets, supply and demand, inflation, interest rates, and global finance. This subject complements accounting and finance studies. It strengthens analytical and logical thinking and is especially useful in understanding the broader financial environment.

Universities often list economics as a preferred subject but not an essential one.

Business Studies

Business studies introduces students to business operations, marketing, and strategic decision-making. While not a core requirement, it helps students understand the practical side of financial management. Some universities value it as a supporting subject.

Supporting and Alternative Subjects

Besides the core subjects, other A-levels or equivalent qualifications can support a strong application.

Further Mathematics

For students applying to highly competitive universities such as LSE, Warwick, or Oxford, further mathematics is an excellent choice. It develops higher-order thinking and problem-solving skills. Some finance-heavy programmes prefer or recommend it.

Statistics

Although not always offered separately, statistics contributes to understanding financial data, trend analysis, and probability. It is useful in modules like risk management and investment analysis.

English

Strong communication skills are essential in both accounting and finance. English language or literature at GCSE level is usually required. Some universities prefer students who have studied English at higher levels as well.

GCSE Requirements

UK universities also consider GCSE subjects during the application process. Most institutions require:

• Mathematics at Grade 5 or above (equivalent to Grade C or higher)

• English Language at Grade 4 or above

• At least five GCSEs overall at strong grades, including core subjects

Some programmes prefer higher grades in maths if the course is highly quantitative.

International Qualifications

For students outside the UK, the following subjects are commonly accepted:

• Mathematics or Advanced Mathematics (required or preferred)

• Business Studies or Commerce

• Economics

• Accounting

• English language proficiency through IELTS, TOEFL, or equivalent tests

Many universities accept the International Baccalaureate (IB), and require maths at higher or standard level depending on the course.

Choosing the Right Combination

To increase your chances of admission to a top UK university, aim to include:

• Mathematics (essential or highly preferred)

• Economics or Accounting (advantageous)

• A supporting subject like Business Studies, Further Maths, or Statistics

Avoid combinations that lack numerical depth or are considered less academically rigorous. Subjects like Media Studies, Art, or General Studies are less preferred for accounting and finance degrees.

Common Subject Combinations

What If You Don’t Have Maths?

Some universities accept applicants without A-level maths, especially if they have strong grades in related subjects. In such cases, students may need to complete a foundation year or pass an internal numeracy assessment.

Private institutions or universities with flexible entry policies may offer access routes through foundation courses or professional qualifications like AAT.

Professional Qualifications and Subjects

If you’re considering an alternative route into accounting and finance through diplomas or professional certifications (such as AAT, ACCA, or CIMA), the subject requirements are more flexible. You may not need A-levels, but must show strong numeracy skills and pass entry-level assessments.

These qualifications are practical, career-focused, and often combined with part-time work.

Final Thoughts

Accounting and finance degrees require a strong foundation in maths and analytical thinking. Students should focus on subjects like mathematics, economics, and business studies during A-levels or equivalent qualifications. Supporting subjects like English and further maths add value and improve readiness for university study.

Choosing the right subjects not only strengthens your university application but also prepares you for the challenges of the course. Plan early, aim for strong grades, and align your studies with your career goals in finance and business.

Read More: Accounting vs Finance: Which Is Harder?