Home > Departments > Accounting and Finance > Undergraduate Programmes > ICAS Accreditation

Accreditation - Institute of Chartered Accountants of Scotland (ICAS)

The ICAS examinations are completed at three stages/levels.  Lancaster has applied and gained exemptions for the first stage Test of Competence papers.  The following summarises the latest position for our graduates from 2008.

Test of Competence

Exemptions are available in respect of the Test of Competence to candidates attaining honours standard (i.e. class III or above) in the following degree programmes:-

The specific exemptions which were available in respect of the ICAS syllabus were as follows. Some exemptions are option specific.

Available exemption / Syllabus Paper Title Lancaster option course required to be taken and passed in order to obtain exemption (further conditions in brackets)
Financial Accounting

AcF 100: Intro to Accounting and Finance
AcF 212: Principles of Financial Accounting
AcF 301: Financial Accounting I
AcF 311: Financial Accounting II
Business Management

AcF 100: Intro to Accounting and Finance
AcF 213 a/b: Management Accounting for Business Decisions
MNGT 212: Statistical Methods for Business (or ECON 204 for Finance/ joint majors)
MSCI 224: Techniques for Management Decision Making (or MSCI 102/103)
AcF 303: Advanced Management Accounting
Business Law Subject to ongoing review of syllabus, for 2009 graduates onward.
Finance

AcF 100: Intro to Accounting and Finance
AcF 213 a/b: Management Accounting for Business Decisions
AcF 214 a or b: Principles of Finance
ECON 101 or ECON 102: Principles of Economics
Plus One Finance-related module is required to be completed in in Year 3
Auditing

AcF 212 or 222: Principles of Financial Accounting
AcF 211: AIS and Auditing
AcF 307: Auditing (students must achieve a mark of 60% or greater for the Auditing module)

To view the ICAS web page, please click here.

The EY Degree

Ernst & Young logo

The Ernst & Young Degree (BSc in Accounting, Auditing and Finance) is a unique degree scheme run in partnership with Ernst & Young. It's a fast-track route to qualifying as a Chartered Accountant.

Find out more.

Graduate Profiles

The infrastructure and facilities at Lancaster are truly spectacular and convinced me to join this highly prestigious university.

Poonkhothai Pillay
BA Accounting & Finance, 2009

Accounting & Finance News

A triple-accredited business school Association of MBAs | AACSB | EQUIS