FACULTY International Economics and Administration Faculty
DEPARTMENT Department of Computer Science and Economics
PROFESSIONAL AREA Economics

Speciality: Finance

Awarded qualification: Economist

Level of qualification: Bachelor

Length of programme: four years

Number of credits: 240

Field(s) of study (ISCED-F): 0311: Economics (14.3 – 314)

Specific admission requirements: Successfully completed secondary/higher education.

Specific arrangements for recognition of prior learning: 
Formal: diplomas and academic transcripts from secondary schools and accredited universities.
Informal: foreign language and computer certificates and other type of competency in line with the study plan of the specialty.
Unofficial: certification exam in foreign language, IT skills or other competency before a commission at Varna Free University.
Procedures for informal and unofficial recognition of competencies from previous study:
1. Allocation of credits on the basis of submitted papers: academic transcript or a diploma for higher degree from previous study; 
- International diplomas and foreign language certificates (English- Cambridge FCE, TOEFL; German - Zertifikat Deutsch, Sprachdiplom, Zweite Stufe; Russian – ТРКИ; French- DELF; Spanish - DELE);
2. Certification of knowledge and skills by means of taking exams in: 
- foreign languages at the Department of Foreign Language Teaching;
- IT skills at the Department of Computer Science and Economics.

Qualification requirements and regulations, including graduation equirements*: 
In order to get their qualification students must be allocated 240 credits - 197 credits from compulsory courses, 21 from elective courses, 12 credits from optional courses and 10 credits from State Examinations (Thesis defence).

Profile of the programme:
Training in the specialty Finance is in line with the European practice and tradition and is based on contemporary knowledge in the area of finance and accounting and pertinent to the discipline information and communication technologies. It leads to the acquiring a Bachelor qualification degree. The specialty aims to introduce fundamental knowledge in the area of economics and law. Other aims include development of an understanding of company finance and accounting regardless of type of ownership and industry.

Programme learning outcomes:
Students who finish this specialty acquire knowledge and skills about recording of current accounts, preparation of finance reports of enterprises, making financial analysis, and build competence in the field of business planning and control of the activities. Students graduate after a complex state exam on the specialty or defend a thesis. Only students with average result from the semester exams Very good 5.00 can work on a thesis.

Programme structure diagram with credits *:

* In Varna Free University, a credit equals 30 lessons, of which 10 contact hours (lectures and seminars) and 20 hours independent work.

Mode of study: full time

Examination regulations and grading scale:

General requirements to the students:
• Thorough knowledge of the discipline: functions, graphs, optimization problems;
• Regular attendance of lectures and seminars. Arrival on time and discipline during the lessons. Late arrival, noise during lectures, or distraction of other students’ attention reduce the effectiveness of the learning and teaching process and shall not be tolerated;
• Carrying out of the assigned tasks on time, participation in class discussions, reviewing the material before the lesson;
• Initiative to solve problems and difficulties;
• Adherence to the principles of academic ethics and collegiality.

Continuous and Final Assessment.

Continuous assessment focuses on students’ individual work and is carried out by means of tests which check knowledge. An alternative form of continuous assessment is control work in class. Results from tests for self study are not taken into consideration when these differ dramatically from the results of tests done in class. The date of the test is announced to the students at least a week earlier.
Final assessment is carried out through an exam during the exam sessions. Students who have sat a test in class and their result is over 60% from the overall number of points for the semester can be freed from the final exam. The condition for finishing the semester is students to have at least 10 points from continuous assessment.

Mark formation:
The table below shows the weight of the continuous and final assessment in the formation of the final mark.

The mark of students who are freed from exam is based only on continuous assessment. The mark of students who sit the exam at the correction and liquidation sessions is based only on the exam at these sessions.

The final mark is formed as follows:

Obligatory or optional mobility windows (if applicable) no

Work placement(s) (if applicable): no

Work-based learning: no

Occupational profiles of graduates: The specialty provides a wide-range and specialized professional realization for the graduates, who can work as chief accountants, financial managers, financial analysts, tax inspectors, controllers, auditors, financial consultants.

Access to further studies: 
students who have successfully completed their Bachelor degree education can continue a Master’s degree programme of the same major, in the two accounting Master’s degree programmes “Finances and accounting” and “Financial auditing” and in every other Master’s degree programmes from professional area “Economics” within one academic year (2 semesters) as full-time or part-time students;  
Those who would like to further their education can apply for all the other Master’s degree programmes oat VFU in compliance with the current terms and requirements

Head of Department “Computer Science and Economics”:
Assoc. Prof. Galina Momcheva, PhD 
VFU “Chernorizets Hrabar” Room D -9
Phone number: +359 52 359-573; mobile: +359 888 793 785
email: galina.momcheva@vfu.bg
gmomcheva@gmail.com

Secretary of Department “Computer Science and Economics”: 
Eng. Pavleta Krasteva
VFU “Chernorizets Hrabar” Room D -8
Phone number: +359 52 359 -572; mobile: +359 878 417 494