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Financial Audit

FACULTY OF INTERNATIONAL ECONOMICS AND ADMINISTRATION
DEPARTMENT COMPUTER SCIENCE AND ECONOMICS
PROFESSIONAL AREA ECONOMICS

 

SpecialityFinance and accounting


SpecializationFinancial Audit

 

Awarded qualificationMaster in Economics

Level of qualificationMaster

 

Length of programme: two years

 

Number of credits: 120

 

Field(s) of study (ISCED-F): 0411: Accounting and Taxation

 

Specific admission requirementsA degree with an average mark "Good" and an entry exam.

 

Specific arrangements for recognition of prior learning: The head of front office "Master’s degree programmes" Nevena Atanasova and the technical assistant to the Master's degree program Svetlana Georgieva provide initial information about the application and enrollment: phone numbers- 052/359-525, 052/359-513; e-mail: svetlana.georgieva@vfu.bg
Procedures:
- university diploma and a set of papers submitted duly and within the prescribed period;
- accession examination - a test;
- candidate ranking and enrollment.

 

Qualification requirements and regulations, including graduation equirements*The duration of study for: 
- Bachelor’s degree holders in non-economic majors - 3 semesters plus equivalency module for full-time and part-time courses - 120 credits.
- Bachelors’ degree holders in other economic fields other than Accounting and Control, Finance and Accounting and Finance, and for Bachelors’ degree holders in professional area Administration and Management - 3 semesters for full-time and part-time courses - 90 credits.
- Bachelors’ degree holders in Accounting and Control, Finance and Accounting and Finance - 2 semesters for full-time and part-time courses - 60 credits. 
Part-time courses are 50% of the number of lectures and seminars for full-time trainees.


Profile of the programme: The Master's degree program in Financial Audit provides an in-depth and specialized broad-based training in finance, accounting and audit; the focus is on the finances of the European Union; development of financial markets; financial statements; business combinations, investments and consolidated accounts; analysis of financial statements, tax and fiscal control and more. 
During the training, students acquire knowledge about the organization and methodology of financial audit, tax control, preparation of financial statements, performing internal audit, justification and proposing effective management decisions resulting from the analysis and evaluation of the economic conditions, necessary legal culture in the field of commercial law.

 

Programme learning outcomes: The curriculum and syllabi enable  the acquisition of skills for independent work on the organization and implementation of the financial audit.

Programme structure diagram with credits *:

 

ECTS Code

Course Title

Lectures and seminars

Out-of-class workload

Number of credits

1

LAW3250

Commercial Law

30

60

3

2

ACC3118

Financial Accounting

60

120

6

3

ACC3127

Management Accounting

45

90

4,5

4

ACC3121

Financial Statements

45

90

4,5

5

LAW3346

Labour and Social Security Law

45

90

4,5

6

 

Optional course I semester

45

90

4,5

7

 

Elective course I semester

30

60

3

Total for semester I

300

600

30

1

FIN3294

Taxation and Fiscal Control

45

90

4,5

2

ACC3129

Audit Approach and Audit Practice

45

90

4,5

3

ACC3131

Project Audit and Audit Related Services

45

90

4,5

4

ACC3133

Analysis of Financial Statements

45

90

4,5

5

FIN3295

Public Sector Audit

45

90

4,5

6

 

Optional course IІ semester

45

90

4,5

7

 

Elective course IІ semester

30

60

3

Total for semester II

300

600

30

 

 

Total for year 1

600

1200

60

1

FIN3229

Business Combinations, Investments and Consolidated Accounts

45

90

4,5

2

FIN3231

Internal Audit

30

60

3

3

 

Optional course IІІ semester

45

90

4,5

4

 

Elective course IІІ semester

30

60

3

Total for semester IІІ

150

300

15

Total for year 2

150

300

15

Master's Thesis Defence

 

300

15

Total for the entire course of study :

750

1800

90

 

 

 

Optional courses, choose 3 from 9

 

 

 

1

FIN3217

Finances of the European Union

45

90

4,5

2

FIN3223

Commercial Bankruptcy

45

90

4,5

3

ACC3147

Calculation Accounting

45

90

4,5

4

FIN3221

Capital Budgeting and Investment Choice

45

90

4,5

5

FIN3225

Systems for Financial Management

45

90

4,5

6

FIN3241

Independent Financial Audit

45

90

4,5

7

FIN3227

European Financial Area

45

90

4,5

8

PHI3062

Professional Ethics

45

90

4,5

9

INF3135

Accounting Software

45

90

4,5

 

 

 

Elective courses, choose 3 from 7

 

 

 

1

FIN3235

Fundamentals of Financial Control

30

60

3

2

LAW3252

Financial Law

30

60

3

3

ACC3148

Globalization of Accounting

30

60

3

4

FIN3312

Insurance and Social Security 

30

60

3

5

 

Master class

30

60

3

6

FIN3313

Financial Mathematics

30

60

3

7

FIN3239

Money and Banking

30

60

3

 

Equivalent module for Bachelor's degree holders in non-economic majors

1

FIN3215

Corporate Finance 

60

120

6

2

ACC3125

General Theory of Accounting

75

150

7,5

3

ECO3187

Microeconomics

60

120

6

4

ECO3189

Macroeconomics

60

120

6

5

 

Optional  course , choose 1 from 3

45

90

4,5

 

FIN3292

Public Finance

 

 

 

 

FIN3311

Securities and Exchanges

 

 

 

 

PSY3270

Psychology of Management

 

 

 

                         Total for the equivalent module:

300

600

30

 

 

* 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

 

Examination regulations and grading scaleEach discipline ends with sitting a semester examination. During the process of study, tests, assignments and case studies are prepared and done. Some disciplines require the development of project assignments and reports. The precise evaluation criteria are indicated in the syllabi. It’s common to use the scoring system to evaluate the ongoing assessment and conduct semester exam as well as to determine the final grade. Postgraduates need to become familiar with the criteria and concrete evaluation methodology in the relevant discipline in advance.

 

Obligatory or optional mobility windows (if applicable): None

 

Work placement(s) (if applicable): None

 

Work-based learning: The course in Accounting Software recreates the working environment through the accounting program AJUR 7 ERP. Real case are solved in all accounting and audit disciplines.

 

Occupational profiles of graduates: The students who have finished the Master’s degree program can work in managerial and executive positions in labour, business and contractual relations in all sectors of the national economy and state structures: commercial entities; banks and non-bank financial institutions; insurance, social security and non-profit enterprises and institutions; specialized auditing companies; ministries, departments, agencies, unions, public organizations, regional administrations, municipalities, budget enterprises and foundations; in the subdivisions of the tax administration, NSSI, NHIF and others.

 

Access to further studiesThe students who have finished the Master’s degree program in Finance and Accounting have the opportunity to continue their education in a PhD program in Accounting, Control and Analysis of Business Activity.

 

Head of Master’s Degree ProgrammeAssoc. Prof. Iva Moneva, PhD 
e-mail: ivamoneva@abv.bg


Technical assistant: Svetlana Georgieva
tel.: 052/ 359-513
e-mail: svetlana.georgieva@vfu.bg