Bachelor of Science in Accounting and Finance

Undergraduate

Prog Card

Bachelor of Science in Accounting and Finance

Bachelor of Science in Accounting and Finance

Course Fee

MVR 3,750 per month x 36 months

Awarding Body
Villa College
Intake
January / May / September
Duration
3 Years
MNQF
Level 7
Mode
Face to face / E-learning
Code
BScAF-VC

Programme Details

Introduction

Bachelor of Science in Accounting and Finance programme is aimed at working practitioners and future professionals who wish to forge a career in the finance sector. The programme ensures that participants develop a deep understanding of the wide range of topics in finance, giving them an in-depth understanding of how financial and economic concepts are connected with the business reality in financial markets. The programme is designed to align with the changes and implementation of IFRS, taxation policies, statutory audit and assurance, internal control, governance ethics, computerised accounts and financial decision-making.

The programme incorporates knowledge and practical skills. Individuals who successfully complete the programme will have a competitive edge in the market with opportunities in the public and private sector, such as banking institutions, insurance companies, investment firms and other financial institutions.

This programme is tailored for both existing and potential practitioners in the accounting and finance field.

General Entry Criteria

  • 2 passes in A Level/HSC (At GCE A/L, a pass is considered E and above. HSC pass is considered C and above.) OR

  • Attainment of a Level 4 qualification in a related field OR

  • Attainment of a Level 4 Foundation Study Program approved for the specific Diploma program.

Alternative Entry Criteria

  • Completion of a Level 4 qualification (unrelated), and successful completion of an MQA-approved University Preparation Program OR

  • 20 years old, completion of secondary school, 2 years of relevant work experience, and successful completion of an MQA-approved University Preparation Program

Core Modules

Year 1

  1. Principles of Accounting

  2. Foundations of Economics

  3. Introduction to Management Accounting

  4. Professional skills for Accountants

  5. Principles of Finance

  6. Statistics and Data Management

  7. Introduction to Business Law

  8. Financial Accounting

Diploma in Business Accounting and Finance awarded after the completion of the first year

Year 2

  1. Financial Reporting

  2. Advanced Management Accounting

  3. Principles of Taxation

  4. Computer Applications in Accounting

  5. Business Communication

  6. Corporate Finance

  7. Corporate Governance

  8. Islamic Banking and Finance

Advanced Diploma in Business Accounting and Finance awarded after the completion of the second year

Year 3

  1. Strategic Corporate Reporting

  2. Financial Management

  3. Business Operation and Strategy

  4. Advanced Taxation

  5. Audit and Assurance

  6. Strategic Management Accounting

  7. Business Case Study

Optional Module (15 credits)

  • Risk Management

  • Forensic Accounting

  • Business Financing for SMEs

  • International Financial Management

The broader goals of the programme are as follows:

  • Demonstrate broad and integrated knowledge of the theoretical and professional disciplines in accounting and finance in the Maldives.

  • Demonstrate a critical understanding of a selection of the principal theories, principles, concepts and terminology in the area of accounts and finance.

  • Relate their accounting and finance knowledge to a range of practical accounting applications and use a range of accounting skills and advanced techniques to undertake operations in the accounting and finance sector.

  • Undertake critical analysis, evaluation and synthesis of ideas, concepts and information to address issues arising in accounting and finance operations.

  • Understand the basic tenets of academic and social principles for a successful career in accounting and finance.

  • Acquire specialised skills required to recognise and analyse problems related to accounts and finance, and to take appropriate decisions using suitable tools and techniques.

  • Work collaboratively with others to solve problems in a range of professional-level contexts by applying relevant theories and techniques.

  • Apply high standards of conduct and ethical values in engaging in the accounts and finance sector.

Course fee: MVR 3,750 per month x 36 months
(MVR 1,908 per month under the government free first degree scheme)

Upon successful completion of this programme participants will be able to:

  • Demonstrate a critical understanding of the functions in the accounting system in management accounting, taxation, financial management and strategic management accounting and the importance of conduct on professionalism in accounting.

  • Demonstrate a broad and integrated understanding on how to apply the concepts and tools in accounting in corporate finance, Islamic banking and finance, and finance in solving problems in the key areas of accounting and finance.

  • Apply the concepts and tools in accounting and finance, and produce/analyse and interpret financial statements/reports and compose to do various extensive accounting calculus. 

  • Demonstrate a critical understanding of information systems management in accounting and finance, and apply theories and concepts by using relevant knowledge and skills.

  • Demonstrate research skills and data analysis by applying statistical and analytical tools in the related field using acquired knowledge and skills.

  • Demonstrate an ability to apply knowledge of accounting, finance and taxation.

  • Demonstrate an ability to identify and understand major commercial trends both locally and globally.

  • Enable each graduate to be a critical thinker and strong decision-maker.

  • Enable each graduate to be an effective and professional communicator.

  • Demonstrate an understanding of professional and ethical responsibility.

  • Display knowledge of contemporary issues.

  • Demonstrate a recognition of the need for and an ability to engage in life-long learning.

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