Accounting provides students with a sound basis for progression to careers in accounting or with an accounting bias, as well as for careers in general management; it also affords a good preparation for professional accounting qualifications; accounting as a major subject provides subject exemptions from the examinations of 2 of the UK professional bodies: the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Management Accountants (CIMA); through the study of economics, students gain insights into decision making and problem solving in a business context; students have the ability to participate in economic debate and gain a thorough grounding in the ways in which economic policy can help in the understanding formulation and execution of public policy.