Exemptions

These are the exemptions available to students for the 2024/25 academic year. Please note that, as the content of our courses is reviewed annually to make sure it's up-to-date and relevant, the exemptions available for 2025/26 are subject to change.

Accounting and Financial Management (including relevant duals)

Association of Chartered Certified Accountants (ACCA)

Our BA Accounting and Financial Management programme (and duals) are mapped with the ACCA modules at the Applied Skills and Applied Knowledge level.

Accreditation of your programme ensures that as a student registering with ACCA, you will receive a level of exemption that matches the knowledge and skills gained from your previous qualifications.

Management modules	Exemptions
On completion of programme	BT: Business and Technology*
On completion of programme	MA: Management Accounting
On completion of programme	FA: Financial Accounting
On completion of programme (except dual programmes)	LW: Corporate and Business Law
MGT322: Taxation in Theory and Practice	TX: Taxation
MGT132: Introduction to Financial Accounting MGT 225: Intermediate Financial Accounting	FR: Financial Reporting
MGT230: Introduction to Corporate Finance and Asset Pricing PLUS MGT250: Financial Management	FM: Financial Management (2024 graduates onwards)

You would also be entitled to the following FIA (Foundations in Accountancy) exemptions:

Management modules	Foundations in Accountancy (FIA)
On completion of programme	FA1 Recording Financial Transactions MA1 Management Information FA2 Maintaining Financial Records MA2 Managing Costs and Finance FBT Business and Technology FMA Management Accounting FFA Financial Accounting
	There are no subject level exemptions for this qualification.

* From 23 September 2020, Accountant in Business (AB) has been renamed to Business and Technology (BT). Business and Technology will teach students how businesses operate effectively, efficiently and ethically and will show the critical role finance professionals play in achieving this.

Chartered Institute of Management Accountants (CIMA)

Exemptions count towards the CIMA Certificate in Business Accounting and the Chartered Global Management Accountant® (CGMA®) Professional Qualification.

Management modules	Exemptions
On completion of programme	BA1 Fundamentals of Business Economics BA2 Fundamentals of Management Accounting BA3 Fundamentals of Financial Accounting BA4 Fundamentals of Ethics, Corporate Governance and Business Law F1 Financial Reporting E1 Managing Finance in a Digital World P1 Management Accounts Operational Case Study Exam

Chartered Institute of Public Finance and Accountancy (CIPFA)

Please note: the below is only applicable to our single honours BA Accounting and Financial Management programme.

There are four qualifications that lead to the CIPFA Professional Accountancy Qualification (PAQ) and the Chartered Public Finance Accountant (CPFA) designation: a certificate and three diplomas. Read about the structure of the qualifications.

Management modules	Exemptions
MGT304: Auditing	Audit and Assurance
MGT143: Foundations in Financial Management MGT250: Financial Management	Business Planning and Financial Management
MGT132: Introduction to Financial Accounting MGT225: Intermediate Financial Accounting MGT355: Advances in Financial Accounting	Financial Accounting
MGT102: Introduction to Management Accounting MGT211: Intermediate Management Accounting MGT217: Budgeting and Control	Management Accounting
MGT132: Introduction to Financial Accounting MGT143: Foundations in Financial Management MGT225: Intermediate Financial Accounting MGT250: Financial Management MGT355: Advances in Financial Accounting	Business Reporting
MGT217: Budgeting and Control MGT227: Corporate Governance MGT354: Advances in Management Accounting	Governance and Risk Management
LAW201: Law for Management MGT322: Taxation in Theory and Practice	Tax and Law (UK)

Certified Practicing Accountants Australia (CPA Australia)

All required knowledge areas and practical experience must be completed before admission as a CPA Australia Associate Member.

Students who completed the required subjects in the table below can be eligible to become our associate member, and be exempted from all six foundation-level exams. Associate members need to pass the six CPA Program exams and fulfil 36 months of work experience in order to become a full CPA Australia member.

Management modules	Exemptions
MGT132: Introduction to Financial Accounting	TCA01: Accounting Systems and Processes
MGT355: Advances in Financial Accounting MGT225: Intermediate Financial Accounting MGT302: Accounting and Accountability: Theory and Practice	TCA02: Financial Accounting and Reporting
MGT304: Auditing	TCA03: Audit and Assurance*
LAW201: Law for Management	TCA04: Business Law*
MGT11002: Business Economics in Contemporary Society	TCA05: Economics
MGT143: Foundations in Financial Management MGT250: Financial Management MGT3009: Company Analysis and Valuation	TCA06: Finance and Financial Management
MGT102: Introduction to Management Accounting MGT211: Intermediate Management Accounting MGT354: Advances in Management Accounting	TCA07: Management Accounting
MGT137: Analysis for Decision Making A OR MGT138: Analysis for Decision Making B	TCA08: Qualitative Methods
MGT322: Taxation in Theory and Practice	TCA9: Taxation
MGT132: Introduction to Financial Accounting MGT218: Business Intelligence	TCA10: Information and communication technology
MGT143: Foundations in Financial Management MGT227: Corporate Governance MGT354: Advances in Management Accounting	TCA11: Business Acumen
MGT354: Advances in Management Accounting MGT3009: Company Analysis and Valuation	PCA01: Intellectual skills
MGT120: Introduction to Behaviour at Work MGT11001: Futures First: Professional Self-Management	PCA02: Interpersonal and communication skills
MGT11001: Futures First: Professional Self-Management MGT227: Corporate Governance	PCA03: Personal skills
MGT302: Accounting and Accountability: Theory and Practice MGT322 Taxation in Theory and Practice MGT304: Auditing	PCA04: Ethics

* Students have the option to complete the required knowledge areas in Auditing and/or Taxation.

Institute of Chartered Accountants in England and Wales (ICAEW)

On completion of the modules listed below, as part of the BA Accounting and Financial Management single honours course, you will be awarded credit for prior learning (CPL) which covers the full certificate stage of the ACA qualification with the ICAEW.

ICAEW exemptions are also available to Accounting and Financial Management single and dual honours students for the Certificate in Finance, Accounting and Banking (CFAB) level. The minimum pass mark required for all modules is 50%.

Based on your Undergraduate degrees from Sheffield University, you might be eligible to apply for the following credit(s):

Management modules	Exemptions*
MGT132: Introduction to Financial Accounting MGT225: Intermediate Financial Accounting	Accounting
MGT225: Intermediate Financial Accounting MGT250: Financial Management MGT11002: Business Economics in a Contemporary Society	Business Technology and Finance
LAW201: Law for Management	Law
MGT102: Introduction to Management Accounting MGT211: Intermediate Management Accounting	Management Information
MGT304: Auditing	Assurance
MGT322: Taxation in Theory and Practice	Principles of Taxation

* Credit will be awarded to students who obtain an award of 2:1 or above in a related degree, i.e. Business, Finance or Accounting. Or alternatively 50% is required in all of the modules listed.

The Institute of Chartered Accountants of Scotland (ICAS)

Management modules	Exemptions
MGT132: Introduction to Financial Accounting MGT225: Intermediate Financial Accounting MGT355: Advances in Management Accounting MGT304: Auditing (Optional) OR MGT357: Corporate Social Responsibility (Optional)	Reporting and Performance (RP1)
MGT143: Foundations in Financial Management MGT11002: Business Economics in Contemporary Society OR ECN130: Economic Analysis and Policy MGT250: Financial Management	Business Management and Finance (BMF)
MGT322: Taxation in Theory and Practice	Taxation (TAX)
MGT304: Auditing (Optional)	Assurance (ASR)

Note: for 2022/23 the assessment for MGT11002: Business Economics in a Contemporary Society is an Individual assessment 100%, but for 2024/25 it will be an Exam 100% (this has been approved at the committee level (November 2023).

Business Management

Chartered Institute of Management Accountants (CIMA)

Management modules	Exemptions
On completion of programme	BA1 Fundamentals of Business Economics BA2 Fundamentals of Management Accounting BA3 Fundamentals of Financial Accounting BA4 Fundamentals of Ethics, Corporate Governance and Business Law