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Accounting and Auditing

Language of instruction

english, lithuanian

Qualification degree and (or) qualification to be awarded

Master of Business Management

Place of delivery

Kaunas, K. Donelaičio g. 73, LT-44249

Institution that has carried out assessment

Studijų kokybės vertinimo centras

Institution that has performed accreditation, accreditation term

Studijų kokybės vertinimo centras, 9/1/2020

Data provided or updated (date)

5/22/2024

Order on accreditation

SV6-19
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Summary of the Profile

General Description: Objective(s) of a study programme: To provide competencies to solve the problems of consolidation of accounting, international taxation, performance control, ensuring genuine and transparency of financial reporting, reducing asymmetry of information in traditional and network based organisations, develop a complex system for evaluating the organization's performance. Learning outcomes:

Knowledge and its Application: A1 Demonstrates knowledge of economics, management, finance, tax, accounting and auditing based on the latest fundamental and applied research and applies it in a dynamic business environment in traditional and global network based organizations. A2 Deeply understands accounting theories and methodology and their application to ensure transparency of information and to reduce asymmetries in traditional and global organisations, as well as in organisations based on network logic. A3 Deeply understands methods and techniques of financial and internal audit and the context in which they can be applied to ensure information transparency and reduce information asymmetries in traditional, global and network-based organisations. A4 Deeply understands the latest concepts in finance, management accounting and value-based management and their practical application in traditional, global and networked organisations. A5 Knows methods, conditions and limitations of qualitative and quantitative research application while arguing methodology of accounting, auditing and cross disciplinary studies.

Research Skills: B1 Independently and innovatively solves business management problems by integrating the latest fundamental and applied research-based theories in economics, management, finance, accounting and auditing, and an interdisciplinary holistic approach. B2 Critically assess the alternatives, arguments and implications of long- and short-term solutions to business management problems, integrating the latest theories of economics, management, finance, accounting and auditing based on fundamental and

applied research as well as an interdisciplinary holistic approach. B3 Applies the latest quantitative and qualitative research methodologies in applied accounting, auditing and interdisciplinary research. B4 Integrates knowledge to argue for applied research methodology, consultancy or expertise in accounting, auditing and interdisciplinary fields. B5 Is able to present the results of research at a scientific conference or seminar.

Specific Skills: C1 Applies methodology of accounting while realizing national and international accounting standards into practise and solving consolidation of accounting, information transparency and its asymmetry problems. C2 Is able to carry out various types of audit using audit methodologies and techniques and in accordance with the principles of professional ethics and social responsibility. C3 Is able to assess the management control framework in modern organisations, integrating the latest concepts in accounting, auditing, management accounting, and enterprise value measurement and management. C4 Integrates the latest accounting, auditing, enterprise value measurement and management concepts, data analysis techniques and information technology in complex performance evaluation and management decision-making situations. C5 Applies digital technologies to collect, organise and analyse data, to carry out complex performance assessments. C6 Applies the knowledge acquired in the field of accounting in research, professional activities or technological innovations related to accounting.

Social Skills: D1 Communicates effectively in writing and orally with professionals and other stakeholders in the field, providing advice or expertise on scientific and practical accounting and auditing issues. D2 Is able to carry out applied and scientific research work individually and in groups, to evaluate the effectiveness of a working group, and to analyse the principles of group formation, delegation and management, guided by professional ethics and citizenship.

Personal Skills: E1 In his/her professional activities, he/she shall be guided by the principles of professional ethics for accountants and auditors, and shall act with an awareness of his/her moral responsibility for the impact of the results of his/her activities on the development of the society, the economy, the culture, the well-being and the environment. E2 Independently carries out empirical accounting and interdisciplinary research. E3 Demonstrates critical, creative, socially responsible, ethical thinking and acting skills in professional activities. Activities of teaching and learning: The studies include classroom work (lectures, practical work, laboratory work, consultation seminars, outgoing visits to enterprises, etc.) and individual work for mastering theoretical material, preparation for classroom work, intermediate and final assessments and performing other activities. The studies of each study module are completed by the assessment of the student’s knowledge and skills – an examination or another final assessment; the study programme is completed by the final degree project and its defence. The study methods of active learning, such as design (programming), design thinking, challenge-based learning,

creative workshops, group work, experiential learning, discussion, problem-based learning, reflective learning, idea (mind) mapping, etc. are applied to encourage the active participation and creativity of students in the study process. The achievements are assessed using the traditional assessment methods, such as laboratory examination, assignments, laboratory or project report, as well as other methods: work or competency file (portfolio), problem-solving task, engineering project, reflection on action, self-assessment, etc. Methods of assessment of learning achievements: The applied cumulative assessment system of the learning outcomes ensures constant and involving work of students during the entire semester of studies; the final evaluation of the study module consists of the sum of the grades of intermediate assessments and the final assessment multiplied by the weighting coefficients (percentages of components). The number of intermediate assessments and their expression in percentage are chosen by the study module’s coordinating lecturer. Besides the usual forms of assessment (for example, examination, oral presentation, project report, laboratory examination), an additional form of assessment “Assessment of student activity (level)” may be applied (up to 10% of the final grade) for the assessment of the student’s preparation for case analysis, an active discussion, participation in debates, etc. Framework: Study subjects (modules), practical training: Audit 1, Audit 2, Ethics and Social Responsibility, Financial Reporting 1, Financial Reporting 2, Internal Auditing, International Taxation and Transfer Pricing, Master’s Degree Final Project, Property and Business Valuation, Research Project, Scientific Research Design, Strategic Management Accounting, Value Based Management. Specialisations: - Optional courses: Electives: Business Model Innovation, Strategic Management, Quantitative Research Methods, Quantitative Methods and Financial Modelling, Qualitative Research Methods, Project Management, Challenge-Based Project 2, Challenge-Based Project 1. Distinctive features of a study programme: A graduate has comprehensive knowledge of accounting and audit, is able to coordinate accounting processes, solve the problems of consolidation of accounting, international taxation, performance control, ensuring genuine and transparency of financial reporting, reducing asymmetry of information, develop a performance evaluation system in traditional and network based organisations, perform accounting and audit applied and scientific research and communicate their results. Access to professional activity or further study: Access to professional activity: The graduate can work as head of the accounting/financial department, provider of accounting solutions and services, senior accountant/financier, audit specialist, business and financial analyst; can perform research, work as an analyst, consultant or expert in business and public organisations. Access to further study: S/he has access to the third cycle studies.