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Accounting and Financial Management

Language of instruction

lithuanian

Qualification degree and (or) qualification to be awarded

Master of Business Management

Place of delivery

Vilnius, Universiteto g. 3, LT-01131

Institution that has carried out assessment

Studijų kokybės vertinimo centras

Institution that has performed accreditation, accreditation term

Studijų kokybės vertinimo centras, 5/30/2030

Data provided or updated (date)

10/25/2022

Order on accreditation

SV6-28
More about programme

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Programmes granting same qualifications

Summary of the Profile

Summary of the Profile of a Study Programme
General Description:
Objective(s) of a study programme:
To develop highly qualified accounting, auditing and financial management professionals with a modern approach to accounting and financial management, who are able to conduct research in accounting, auditing, corporate finance and management, to evaluate accounting indicators of the enterprise according to the level of international standards, analyse and forecast business activity, shape the internal control system of the enterprise, to understand the process of auditing, and professionally apply international level knowledge as well as provide insights on accounting, auditing and financial management.
Learning outcomes:
1. Will be able to collect, process, analyse and critically evaluate data to identify accounting and financial problems.
2. Will be able to work in an understandable, ethical and tolerant manner with his/her or other professionals communicating information in a clear and reasoned way, giving advice, and working independently or in a team.
3. Will be able to demonstrate analytical, systematic, critical, creative, socially responsible and ethical thinking and acting skills, with independent knowledge and critical appreciation of new developments in the field of accounting and finance, and in the context of a constantly changing national market and global environment.
4. Will be able to undertake continuous self-directed learning, initiate and carry out empirical research and take responsibility for implementing financial management solutions.
5. Will be able to demonstrate research-based, up-to-date knowledge of accounting, finance, economics, management, auditing and the ability to apply it in a changing business environment in traditional and global and networked organisations.
6. Will be able to understand the content of financial processes and policies in the context of the management of government, financial institutions and non-financial organisations and understand the processes and factors influencing strategic financial management decisions and formulate strategic financial management decisions.
7. Will be able to apply quantitative and qualitative research methods and conduct research in the field of accounting and finance and interdisciplinary issues.
8. Will be able to analyse, synthesise and evaluate research data relevant to accounting and finance studies, research, professional activity and innovation, present research findings, and prepare and review scientific publications.
9. Will be able to carry out complex financial analysis and evaluation of a business, organisation or project, applying modern analytical methods and adhering to the principles of professional ethics and social responsibility.
10. Will be able to critically evaluate the applicability of financial theories and concepts, identify complex financial management problems, and argue the appropriateness and necessity of proposed financial management solutions when critically evaluating alternatives for both long and short term solutions.
11. Will be able to design and evaluate management control systems in organisations, integrating the latest research-based knowledge.
Activities of teaching and learning:
Student-oriented traditional and interactive lectures, discussions, case studies, project preparations, presentations and evaluations, search for information, devoted for students’ independent work, and its generalization, analytical tasks, individual and group work, consultations.
Methods of assessment of learning achievements:
The examination is the main assessment method. Final grade might be comprised of intermediate tests and various activities (written tests, critical analysis of the event, case studies, project preparation and presentations, activity during the classes and peer assessment, etc.). Exams are conducted in written form. During exams, students’ knowledge is evaluated from 1 (insufficient) to 10 (excellent).
Framework:
Study subjects (modules), practical training:
70 credits are allocated for compulsory courses and 20 credits for elective courses in the study programme.
The preparation of Master Thesis begins in the second semester with the preparation of the first part of the Final Thesis Project, which cover 5 credits as well as the second part of the Final Thesis Project, prepared in the 3 semester. The fourth semester is devoted to the completion of Master Thesis, which is worth 20 credits.
Major study field units:
Audit and Assurance I/III, Financial Reporting I/II, Financial Management I/III, Investment Management and Analysis, Audit and Assurance II/III, Financial Reporting II/II, Financial Management II/III, Tax System, Audit and Assurance III/III, Financial Management III/III, Neurofinance, Research Methods, Seminar: Accounting and Financial Management, Thesis Project I, Thesis Project II, Final Master Thesis (Field: Finance).
Major study field elective units:
Financial Ethics (in Lithuanian language), Financial Ethics (in English language), Company Valuation (in Lithuanian language), Company Valuation (in English language), Company‘s Risk Management, Corporate Governance, Alternative Investments (in Lithuanian language), Alternative Investments (in English language).
Specialisations:
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Optional courses:
In the 1st semester, students choose one subject out of three (Financial Ethics (in Lithuanian language), Financial Ethics (in English language), Organizational Psychology).
In the 2nd semester, students choose one subject out of four (Business Process Management, International Project Management, Company Valuation (in Lithuanian language), Company Valuation (in English language).
In the 3rd semester, students choose one subject out of three (Change Management, Company‘s Risk Management, Corporate Governance).
In the 4th semester, students choose one subject out of four (Cross-Cultural Management, Strategies of Business Negotiations, Alternative Investments (in Lithuanian language), Alternative Investments (in English language).
Distinctive features of a study programme:
The duration of the programme is 2 years. Part of the study programme is conducted in English. "Accounting and Financial Management" study programme focuses on the fields of accounting, auditing, tax, finance analysis, management and their synergy.
Access to professional activity or further study:
Access to professional activity:
"Accounting and Financial Management" study programme is designed for students who seek to improve and develop their general and professional competences, who intend to work at international, foreign, or large Lithuanian private and state enterprises as financial directors, chief accountants, financial analysts, board members, heads of internal audit departments, etc., in positions that usually require a master's degree in financial/accounting/auditing.
The contents of main subjects (Financial Reporting, Financial Management, Audit and Assurance) is in line with the requirements of the Qualification Examination Programmes of the Lithuanian Chamber of Auditors, and will be beneficial for graduates of the programme in seeking the certificate of an auditor.
Access to further study:
Graduates willing to do research or academic work may continue their studies on doctoral level or deepen their knowledge and professional skills independently.
Data provided or updated (date) 2022-10-24