ACCA | Career Insights: Accounting for the Music Industry

Get Career Ready

Complete work that simulates life on the job. 1-2 hours and self-paced.

Stand out in your application to ACCA. Show us you're a motivated candidate.

Get Career Ready

Complete work that simulates life on the job. 1-2 hours and self-paced.

Stand out in your application to ACCA. Show us you're a motivated candidate.

Why complete this job simulation

A risk-free way to experience work on the job with us at ACCA. Practice your skills with example tasks and build your confidence to ace your applications.

Self-paced1-2 hoursNo gradesNo assessmentsIntermediate

Welcome to the ACCA Career Insights: Accounting in the Music Industry virtual job simulation! We are thrilled to have you here.

ACCA's forward-looking qualifications, continuous learning and insights are respected and valued by employers in every sector. They equip individuals with the business and finance expertise and ethical judgment to create, protect, and report the sustainable value delivered by organisations and economies.

During this program, you will get the opportunity to experience what it's like to be an accountant in the music industry. Step into the shoes of an accountant and complete tasks that replicate the work that our team does every day. You’ll learn key skills in:

Basic Accounting Principles
Data Analysis
Critical Thinking
Commercial Awareness
Communication

We hope this program provides a great resource for you to upskill and strengthen your resume.

Skills you will learn and practice:

Data Analysis

Critical Thinking

Accounting Fundamentals

Presentation Skills

Data Mining

Communication

Commercial Awareness

How it works

Introduction from ACCA

Hear Lorna Williamson, Early Careers Manager at ACCA, introduce the program.

Tasks in this program

Intro & Scenario

Meet your team members and learn about your project goals.

Your role

You are working as an accountant at Universal Music Group (UMG).
You will be rotating between the Commercial Pricing and Cost Management teams at UMG.
The day-to-day responsibilities of these roles include:
- In the Commercial Pricing team, you will be responsible for analysing pricing strategies, costs, and market trends to optimise revenue and profit margins for music products and services.
- In the Cost Management team, you will be responsible for analysing production and operational costs, identifying cost-saving opportunities, and assisting in budgeting and financial forecasting efforts to ensure efficient resource allocation.
Your team has been assigned to the following two new projects:
- Calculating pricing for a new key artist special edition vinyl.
- Carry out detailed expense analyses to distinguish between compliant and non-compliant expenses and identify fluctuations in expense data.

Your goal

Assist the finance teams at UMG in pricing their new key artist special edition vinyl for the Commercial Pricing team and monitor operational expenses for the Cost Management team.

Reviews

Over 200

5 Star Reviews

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"This program was very beneficial for understanding the practical scenario of accounting role. It has build my confidence to understand and perform the requirements to complete a task."-- Student from My institution is not listed

"Doing this program confirmed that I really enjoy working on pricing and cost management, and I'm excited to apply these skills in finance teams at a company like Universal Music Group."-- Student from Indira Gandhi National Open University

"This program helped me in analytical thinking and introduced me to the cost concepts in a realistic context. While doing this program, I really enjoyed working on pricing and cost management and I'm excited to apply these skills in finance teams at a company like Universal Music Group. Students like us really appeciate and find it helpful to learn..."-- Student from My institution is not listed

"Practical skill over the excel functions such as VLOOKUP, SUMIFS, etc. Dealing with data and illustrate them in a clear and understandable pattern is very important for decision making process."-- Student from Sunway University College

"The program was constructed really well and it is easy to follow. They have some very helpful insight so that you can reference to it with the information you've uploaded."-- Student from University of Hawaii System

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