The University of Dundee and global professional accountancy body, ACCA, are set to launch a Master’s degree with embedded professional qualifications which can be completed TWO YEARS quicker than current options.

The innovative new course, combining marketable academic and technical qualifications, has been designed to provide students with the fastest way to obtain a degree along with ACCA’s professional qualifications.

Currently, students studying in Scotland typically take a four-year Bachelor’s degree course to gain their ACCA exemptions, with many then choosing a one-year Master’s to obtain further knowledge.

The bespoke, integrated degree at the University of Dundee will allow them to achieve a Bachelor’s degree, plus a Master’s degree in just three years. It will also allow students to gain exemption from ACCA’s nine knowledge and skills papers, preparing them for further study of ACCA’s professional papers.

The MAcc Accounting Integrated Masters will also cost students less in tuition fees (for students outside of Scotland) due to its reduced number of years’ study.

Students will study for about 45 weeks of the year, rather than a typical figure of around 30 weeks. They will also study more intensively, with 60 hours of teaching per five-week module, and six modules to complete in Year 1.

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Dundee will take the first students for this course in January 2021 and there is expected to be healthy competition for the fast-track places.

Craig Vickery, head of ACCA in Scotland, said: ‘We are delighted to deepen our strong relationship with the University of Dundee. Together, we want to attract international students to experience life at a wonderful Scottish university and to complete their professional accountancy examinations.

‘We have worked together to offer this innovative, fast track option for accountancy students, which will equip them with the academic and technical skills needed by modern businesses.

‘We think it’s going to be extremely popular, but competition will be tough. The university will be looking for the strongest students, who can cope with the demands of a challenging curriculum delivered in a condensed timeframe.’

Professor Morris Altman, Dean of the University of Dundee School of Business, said: ‘We have a strong existing relationship with ACCA, which gives students much wider support. We are very pleased to have developed this course with ACCA, which we believe will prepare students who are highly qualified to be ready for the workplace.

‘We have designed the curriculum to be intensive, although they will still have generous holidays. We think the graduates from this course will be able to adapt quickly to the workplace, having completed studies with more teaching hours and longer semesters.’

ACCA, which has global finance, exams and operations based in Glasgow, already collaborates with the University of Dundee on various initiatives to help accountancy students’ professional development.

Under their Accelerate programme, Dundee undergraduates are offered an exclusive development event at ACCA’s Glasgow headquarters, in addition to skills sessions, employability coaching, placements with employers and even discounts on registration fees.