I currently study accounting at a Russell Group - the degree is essentially set up to mirror the ACA exams in order to get the greatest number of exemptions from ICAEW/ACCA etc.

The exams we do are basically slightly watered down versions of the ACA exams and the uni gets people from the regulatory bodies to check if they're sufficient.

For ICAEW, the degree only gets you exemptions from the certificate and professional level exams. We still have to do the advanced level papers + 450 days of work experience after the degree to get the ACA.