Accounting and Finance / Учет и Финансы

Bachelor's studies (university) @ Vytautas Magnus University
1 Jun Application deadline
17 Jan Start date
4 years Study duration full-time
2704€ Tuition fee for Eu citizens

Programme overview

Language of instruction: First study year is taught in Russian, from the second-year language of instruction is English.

The study program allows to develop the general erudition and special abilities, as well as to provide the fundamental and applied knowledge which necessary for accounting, financial management and for further studies at a higher level. Small and medium business organizations dominate in Lithuania, this require a universal specialist, who is a good judge of the principles and methods of accounting organization, management, financial analysis and management; is able independently to formulate and critically evaluate financial and tax accounting policies; to solve the problems of accounting and financial management; is able to plan, organize, control and evaluate the finances of business and public organizations and justify the financial management decisions on an ever-changing environment. Completing of this study program provided Bachelor degree of Business Management.

The main goal of the study programme is to prepare highly qualified specialist in accounting and finance, holding knowledge in the sciences of accounting and finance, knowing the principles and methods of accounting organization and handling, financial analysis and management models, capable of independent formation and critical assessment of the financial and tax accounting policy, deal with financial management problems, plan, organize, control and assess the finances of business, public and non-profit organizations and substantiate the financial management decisions under the constantly changing conditions.

Practice placement opportunities Industrial practice placement is available at business companies, public sector establishments and other organisations. In the course of the practice, the students learn formation of the accounting policy and organization of the accounting and finance at the entity, enhance their theoretical knowledge in accounting and finance, and develop practical skills in accounting and financial management. During the practice, the students become familiarized with the organisational structure, its recent years’ activity, performance, and prospects, procedures at the company and accounting procedures as well as financial and tax reporting. Training practice on accounting information technologies is focused on further development of practical skills acquired by the students as they work with accounting information systems.

Competencies acquired

Following completion of the study programme, the graduates will be able to handle financial, tax and management accounting at organizations, form the accounting policy ensuring effectiveness of the accounting system and validity of the accounting information; control the assets and equity, transactions and performance results of the organizations, identify the accounting and financial management problems and the available solutions; organize and conduct audit and document its results; apply the mathematical and statistical methods and modern information technologies necessary for the analysis and assessment of economic and social phenomena and processes.

Career oppurtunities

Graduates have an opportunity to work as chief accountant, accountant, financial analyst, financial manager, internal auditor in national and international business enterprises, public sector organizations, audit firms; institutions of tax, insurance, controlling, consulting, finance; independently as self-employed to provide accounting, tax and consulting services. Graduates have an opportunity to continue their studies in master degree of accounting, finance, economics, management and business administration, and other social sciences.

Programme structure


Admission Requirements

  • A high school diploma or equivalent degree. Mathematics and English language are mandatory subjects.
  • Proof of English Language: applicant has to present document proving A2 level. After admission, all students have to take English language test at the Institute of Foreign Languages at Vytautas Magnus University. If English level is below B2 students will have to take additional English language courses during the first study year upon their own expenses and reach B2 level.
  • Proof of Russian Language: applicant has to present document proving B2 level if the applicant is not native speaker and/or had not received education in Russian.
  • Admission score is counted based on: Mathematics * 0.4 + English * 0.2 + Russian * 0.2 + Motivation letter and /or interview* 0,2
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