An understanding of business and finance is an essential prerequisite for those who intend to pursue a career in commerce, industry or public administration. Operating in international markets requires an understanding of international accounting standards, taxation, mergers and acquisitions, corporate finance, and exchange and interest rates. It is not surprising that there is a continuing demand for graduates who have specialised in these subjects. Professional bodies will offer substantial examination exemptions and reduced periods of pre-qualifying service to approved graduates. The Heriot-Watt programme in Business and Finance is a joint degree programme with equal emphasis on the subject areas of management and finance. The aim of the programme is to encourage the development of cognitive skills so that as students progress they develop knowledge and understanding, learn to apply that knowledge and understanding, and become versed in the deeper approach to learning as evidenced by powers of analysis, synthesis and evaluation.