An arithmetic unit for selectively implementing one of a multiply and multiply-accumulate instruction, including a multiplier, addition circuitry, a result register, and accumulator circuitry. The multiplier arranged to receive first and second operands and operable to generate multiplication terms. The addition circuitry for receiving multiplication terms from the multiplier and operable to combine them to generate a multiplication result. The result register for receiving the multiplication result from the adder. The accumulator circuitry connected to receive a value stored in the result register and an accumulate control signal which determines whether the arithmetic unit implements a multiply or a multiply-accumulate instruction.