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Finance and Accounting

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

 

Speciality: Finance and Accounting
 
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 requirementsSuccessfully 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);
- International diplomas and ECDL (The European Computer Driving Licence) certificates.
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 Studies.
 
Qualification requirements and regulations, including graduation equirements*:
In order to get their qualification students must be allocated 240 credits -191 credits from compulsory courses, 24 from elective courses, 12 credits from optional courses, 3 credits from pre-graduation internship and 10 credits from State Examinations (Thesis defence).
 
Profile of the programme:
Training in the specialty Finance and Accounting 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 *:
 
 

 
ECTS Code Course Title Lectures and seminars Out-of-class workload Number of credits
1. INF1474 Computer Studies 30 60 3
2. MAN 1301 Introduction into management 30 60 3
3. МАN 1303 Introduction into entrepreneurship 30 60 3
4. MAN1434 Online positioning of organization 30 60 3
5. ЕСО 1195 Microeconomics 60 120 6
6. LAW 1053 Fundamentals of Law 30 60 3
7. FLE 1002 Foreign Language 60 120 6
8. SPO 1015 Sport 30 60 3
Total for semester I 300 600 30
1. MAN1425 Visualization and interaction 45 90 4,5
2. ECO 1053 Globalization of Economy and Development 45 90 4,5
3. ACC 1030 Financial mathematics 60 120 6
4. ЕСО 1197 Macroeconomics 60 120 6
5. FLE 1002 Foreign Language 60 120 6
6. SPO 1015 Sport 30 60 3
Total for semester I I 300 600 30
    Total for year 1 600 1200 60
1. ECO 1064 International Economics 30 60 3
2. ECO 1048 Investment Project Management 60 120 6
3. FIN 1017 Public Finances 60 120 6
4. АСС 1010 Fundamentals of Accounting 60 120 6
5. FLE 1003 Foreign Language 60 120 6
6.   Elective course 30 60 3
Total for semester I II 300 600 30
1. ACC 1031 Organization of Financial Accounting 60 120 6
2. FIN 1007 Corporate Finances 60 120 6
3. ЕСО 1011 European Economic Integration 30 60 3
4. FLE 1004 Foreign Language 60 120 6
5. QMS 1014 Economic statistics 60 120 6
6.   Elective course 30 60 3
Total for semester I V 300 600 30
    Total for year 2 600 1200 60
1. FIN 1012 Money and Banking 60 120 6,0
2. ACC 1042 Fundamentals of financial control 45 90 4,5
3. ACC 1040 Financial Accounting 90 180 9
4. FIN 1010 International Finance 45 90 4,5
5.   Elective course 30 60 3
6.   Optional Course 30 60 3
Total for semester V 300 600 30
1. FIN 1029 Monetary and Financial Operations 30 60 3
2. LAW 1072 Trade law 30 60 3
3. ACC 1014 Financial Reports 45 90 4,5
4. FIN 1148 Finance Management 45 90 4,5
5. ACC 1032 Bank Accounting 60 120 6
6.   Elective course 30 60 3
7.   Elective course 30 60 3
8.   Optional Course 30 60 3
Total for semester VI 30 0 600 30
    Total for year 3 600 1200 60
1. ACC 1003 Budget Accounting 45 90 4,5
2. INF 1075 Accounting software 60 120 6
3.   Pre-graduation internship   90 3
4. FIN 1135 Independent Financial Audit 45 90 4,5
5. FIN 1027 Analysis of Financial Statements 60 120 6
6.   Elective course 30 60 3
7.   Optional Course 30 60 3
Total for semester VII 300 600 30
1. ACC 1023 Management Accounting 60 120 6
2. FIN 1026 Financial Markets and Investment 30 60 3
3. SPO 1015 Sport 20 40 2
4.   Elective course 30 60 3
5.   Elective course 30 60 3
6.   Optional Course 30 60 3
7   State exam and thesis defense 100 200 10
Total for semester VIII 300 600 3 0
    Total for year 4     6 0
    Total for the entire course of study : 2400 4800 240
    Elective courses choose 8 from 16      
1 POL 1119 Political systems and regimes 30 60  
2 PHI 1006 Philosophy 30 60  
3 MAR 1004 Marketing 30 60  
4 PSY 1002 Social Communication 30 60  
5 ADM 2015 State power and state administration 30 60  
6 ACC 1132 Globalization of accounting and contemporary accounting schools 30 60  
7 FIN1145 Financing international trade 30 60  
8 ECO 1224 International Business 30 60  
9 ACC 1021 Trade and tourism accounting 30 60  
10 FIN 1002 Financial Management and Control Systems 30 60  
11 ACC 1135 Accounting of insurance enterprises 30 60  
12 ECO 1063 Economic theories 30 60  
13 FIN 1139 Capital Budgeting and Investment Choice 30 60  
14 ECO 1221 International economic centers 30 60  
15 FIN 1080 Investment Evaluation 30 60  
16 MAN 1070 Planning and prognosis 30 60  
    Optional courses , choose from 8      
1 PHI 1003 Ethics 30 60  
2 SOC 1025 Sociology 30 60  
3 ECO 1024 Labour Economics 30 60  
4 INF 1092 Information Systems for Financial Risk Management 30 60  
5 INF 1490 Electronic Business 30 60  
6 ACC 1033 History of Accounting 30 60  
7 FIN 1091 Taxation and tax control 30 60  
8 MAN 1463 Mergers and acquisitions 30 60  
9 MAN 1049 Human Resource Management 30 60  
10 MAN 1464 Intellectual and industrial property valuation 30 60  
11 LOW 1199 Labour and Social Security Law 30 60  
 
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, part time, distance learning.
 
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.

Type of control
Points
Continuous assessment 40
Exam during the sessions 60

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:

 

Points
Mark
90.00 - 100.00 Excellent 6
80.00 - 89.99 Very good 5
70.00 - 79.99 Good 4
60.00 - 69.99 Satisfactory 3
0.00 - 59.99 Failed 2
 
Obligatory or optional mobility windows (if applicable) no
 
Work placement(s) (if applicable) Pre-graduation internship – 90 hours
 
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
Програмен директор: 
Head of Department International Economics and Politics:
Assoc. Prof. Galina Momcheva, PhD