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 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);
- 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 4 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