Basic information
A study programme that will prepare you for a successful career in professional accounting. Not only will you gain knowledge of all the sub-disciplines that make up this broad field, but you will also deepen your expertise in specialized areas such as taxation and business performance management.
The MAcc programme creates a learning environment that will enable students to develop a diverse range of skills in professional accounting and, on graduation, prepare them for a professional career in today’s dynamic world.
The program is designed to equip students with the necessary financial and accounting skills to apply for professional accounting positions not only in the business world, but also in government or public accounting forms. During the course of this program, students will become familiar with public accounting and develop the financial and accounting skills necessary to understand the internal affairs of a business.
Program structure
The MAcc programme prepares you for a successful start in your career or for a career in private or public accounting. Whether you are new to accounting and are just planning your career or have been in the field for a year, studying this course will take your accounting knowledge to another level.
The entire study program is geared towards maximizing your interaction with other students to enable you to build an important network of contacts, as well as improving your communication skills, time management and soft skills in general. Emphasis is also placed on your analytical skills and ability to work in a team.
Acquiring a diverse set of skills that you can combine into a valued skill set will help you gain an edge, stand out and thrive in a professional environment. Graduates of this program will gain the knowledge and skills necessary to perform advanced analytical work in accounting and corporate finance, international accounting standards, auditing, financial analysis or financial planning.
Study modules
- Management accounting
- Payroll accounting
- International Accounting
- Tax systems and optimisation
- Managerial Economics
- International Finance
- Electronic Banking and Financial Instruments
- Corporate Financial Management
- Audit
- Controlling
Why study at EIFM
We want to be your guide on one of the most important journeys you will take in your life. A journey towards your personal growth, career improvement and fulfillment of your goals. Throughout this journey, we will do everything we can to ensure that you reach your full potential and get the most out of your studies at our Institute.
Tuition fee
Are you ready to take the next step?
If you’re ready to take your career and personal life up a notch and want to get an education with an innovative and practical approach, don’t hesitate!
Tuition fee of the program:
€ 7000
The tuition fee for the MAcc programme is € 7000. Payment can be made in one lump sum or spread over up to 5 interest-free instalments.
A first instalment of € 1500 is always required before the start of your studies. Tuition fees include study materials and access to all seminars or online lectures organised by the European Institute of Finance & Management.
Admission procedure
There are no tests, exams or interviews as part of the admissions process. All you have to do is meet the study requirements, which are as follows for the MAcc programme:
- Completion of at least a Bachelor’s degree,
- A CV with sufficient information about your education, volunteer experience, work experience, or extracurricular activities,
- Motivation letter – In case the admissions committee has doubts about accepting you to study, they may require a motivation letter that should reflect your professional goals, strengths, focus, etc.
If you are interested in studying, follow the steps below and start your journey to study at EIFM.
Testimonials
Career
Our Career Services department is ready to provide the best opportunities for students to develop their personality, skills and abilities to achieve the best career. If interested, any student can contact our department during or after graduation.
Our colleagues are not only involved in various activities that connect our study institute with major national and multinational corporations, but also build partnerships with major companies or organizations so that we can subsequently offer diverse career opportunities to our students.
The Career Services staff offers students a range of personalized information, which may include a listing of top employers, trends and process in talent recruitment, statistics on average salaries and wages, or other thought-provoking information to help graduates choose the right career path.
Programme subjects
This course introduces students to current management accounting concepts and techniques. Major topics include the role of accountants in internal decision-making; tools used in the design and development of costing systems; the preparation of budgets and their role as a planning and control tool; other decision-making tools including pricing decisions, inventory and quality cost issues, and fraud. You'll learn how to use accounting to facilitate and align decision making for owners, managers, and employees, and how accountants create, organize, interpret, and communicate information that improves internal processes and enables organizations to identify and exploit opportunities to create value within the supply chain and with customers.
The close interdependence of management and economics has led to the development of managerial economics. Economic analysis is required for various concepts such as demand, profit, cost and competition. Managerial economics is thus considered as economics applied to "choice problems" or alternatives and allocation of scarce resources by firms. Managerial economics is a discipline that combines economic theory with managerial practice. It helps to bridge the gap between problems of logic and problems of policy. This course offers effective tools and techniques for managerial policy making.
Students will learn about the structure of individual taxes included in the tax system. Students will learn the basic terminology and skills needed to understand common tax issues and problems, as well as the knowledge needed to solve simpler tax problems. Students will be able to prepare direct tax returns for simpler tax cases.
The increasing reliance on closely integrated foreign operations has opened up a parallel world of finance in every multinational firm that has been overlooked until now. This course therefore examines many aspects of financial decision-making in global firms that have triggered these changes. It briefly explains the overall structure of global finance, outlining an analytical framework that serves as a guide for critical financial decisions regarding financing, investment, risk management, and incentive management in the multinational firm. This framework emphasizes the need to align opposing forces in order for multinational firms to gain a competitive advantage in their internal capital markets.
The aim of the course is to familiarize the student with all phases of the audit process. The audit process can be divided into 5 audit phases (preparation, execution, summary of the result, reporting and monitoring of corrective actions). The course describes all the phases in detail, so the student is introduced to the audit process from the selection of the audit number, audit team and auditee, through the subject matter of the audit, the start date of the on-site audit, the expected number of days of on-site audit (at the discretion of the AO), to the scope of the audit, the general objectives of the audit and information regarding the submission of the report.
Payroll accounting is essentially the calculation, administration, recording and analysis of employee compensation. It includes any basic pay that an employee receives, along with other types of payments that accrue in the course of their work. This course prepares the student with the basic knowledge needed for payroll accounting. We will begin with a brief overview of payroll accounting. We will discuss debits, credits, liabilities, and assets. We will then review an example of posting payroll transactions and accruals to the journal for one month.
This course provides an opportunity to gain real-world experience of accounting in an international context. It introduces the context of accounting information with respect to the wider social, political, economic, natural and cultural environment. Upon completion of this course, you will be able to describe the causes and nature of differences in international financial reporting, explain accounting regulation, explain and evaluate the conceptual framework of financial reporting, understand the theory and practice of consolidated group financial statements, and synthesize and effectively use accounting information and knowledge, describe and discuss some key international accounting standards, understand the nature of financial statement interpretation in an international context, identify, evaluate and critically assess alternative accounting techniques, numerical and quantitative skills applied to international accounting scenarios. You will also be able to demonstrate high personal effectiveness, apply critical self-awareness and personal resource management in the context of a diverse business environment.
The development of information technology has led to a new form of banking. Traditional banking, based on the physical presence of the customer, is only a part of banking activities. In the last few years, e-banking has emerged, adopting new distribution channels such as the Internet and mobile services. The main objective has been to enable businesses to improve service delivery and reduce transaction costs and customer demand for anytime, anywhere services. However, it has increased vulnerability to fraudulent activities such as spamming, phishing and credit card fraud. The main challenge facing e-banking, then, is ensuring banking security. In this context, the objective of this course is to provide an overview of e-banking services with emphasis on various aspects, explore the various challenges and risks, and discuss some proposed solutions.
This course introduces students to current financial concepts and tools for managing money in organizations involved in the local and global economy. It examines current best practices in financial analysis and planning through the application of financial concepts. These include financial performance indicators, time value of money, financial markets and institutions, securities and corporate valuation, cost of capital, risk and return, long-term financial budgeting, and working capital management. In addition, topics related to lease financing, hybrid securities and derivatives, trusts, mergers and acquisitions, and international corporate finance also appear throughout the course of study.
The aim of the course is to build on and deepen knowledge of business economics, management, marketing, financial and managerial accounting and financial management. Emphasis is placed on understanding the importance of controlling tools for managerial work as well as their quality provision with economic information based on financial and management reporting and accounting. Particular attention is paid to the precise definition of the interface between strategic and operational controlling, qualitative and quantitative performance measurement tools, and managerial responsibilities associated with controlling activities.