About
Aim of the study programme – to prepare qualified specialists in the field of accounting, auditing, taxes, as well as company performance analysis, planning and evaluation, who are able to formulate accounting information and systematically evaluate data; to familiarize students with the mechanisms of organizing and performing of audit, allowing them to creatively apply the gained knowledge
All international applicants must meet the general admission requirements.
Important admission note for non-EU/EFTA applicants: The gap since completing your secondary education must not exceed five years.
For more information please write to the Faculty academic coordinator:
You Will Learn
The programme is multifaceted and focused on financial accounting, management accounting, auditing, taxation, finance analysis and their synergy. It also focuses on subjects which are helping to develop different competencies in management, economics, finance and business.
Study Overview
- The program prepares specialists who are in demand today in both businesses and public sector.
- Upon completion of the studies, all the competencies required for an accountant and auditor are acquired, so one can easily begin working without additional specific training.
- Most students get paid internships and often stay to work in companies afterwards
- Good feedback from employers on alumni - making students more attractive to employers compared to graduates from other universities
- This programme is under the auspices of PWC and EY partners
Lecturers
Rasa Subačienė
Ramunė Budrionytė
Kastytis Senkus
Irma Kamarauskienė
Daiva Raziūnienė
Daiva Tamulevičienė
Živilė Simonaitytė-Vasiliauskienė
Ivanna Podik
Onur Erisen
Syllabus
From the academic year 2023-2024, students enrolled in VU FEBA study programmes will have the opportunity to choose individual studies, which are integrated into each bachelor‘s study programme.
Individual studies are studies freely selected by a bachelor’s degree student.
Individual studies are implemented if the student selects: in-depth courses in a major study field (programme), interdisciplinary courses, courses in another study field, general university courses, minor field studies, courses in a foreign language (other than primary foreign language), partial studies or individual courses according to the harmonised curriculum, studying them in other Lithuanian and (or) foreign higher education institutions.
2 semester
Compulsory courses:
- Business Statistics
- English for Specific Purposes (C1)
- Financial Accounting
- Marketing
- Global Business
Courses of Individual Studies
3 semester
Compulsory courses:
- Business Law
- Cost Accounting and Management
- Corporate social responsibility and ethics
- Fundamentals of Corporate Finance
- Management and Accounting of Financial Instruments
Courses of Individual Studies
4 semester
Compulsory courses:
- Financial Statements
- Fundamentals of Tax Accounting
- International Finance
- Management Audit
Courses of Individual Studies
5 semester
Compulsory courses:
- Business Tax Accounting
- Financial Statements Audit
- Accounting of Different Types of Activities
- Enterprise Budget Management
Courses of Individual Studies
6 semester
Compulsory courses:
- Accounting in the Public Sector
- Information Systems of Financial Accounting
- Financial and Non-Financial Performance Evaluation
Courses of Individual Studies
7 semester
Compulsory courses:
- Strategic Management Accounting Systems
- Course Work
- Fundamentals of Academic Research Methodology
Courses of Individual Studies
Career Opportunities
Graduates of programme will be able to work in various national public and private sector organizations, as well as international companies or organizations, international financial management centres, national and international audit companies.
Every year we select two teams of auditing interns and specialists for „PwC” Auditing department. In 2022/2023 we employed 62 specialists and 18 interns.In a year, the members of our team learn about the performance of 20+ companies and receive 100+ hours of professional methodical auditing training. 1 year at „PwC” amounts to 2-3 years in any other company. „PwC“ values the graduates of Vilnius University Faculty of Economics and Business Administration because of the fundamental knowledge in accounting, auditing, financial analysis and economics that they receive during their studies, and also because during their study projects they learn how to achieve the best results while working in a team.
Accounting and auditing specialists, who grow up in one of the best universities for this study profile, are able to quickly adopt new knowledge, adapt to the dynamic and fast-paced job at „PwC“, as well as navigate the Lithuanian and global business market.
Such skills are very helpful when you are a part of an international company, uniting 295 000 experts, and your projects often exceed the limits of Lithuania and even Europe.”
Rasa Radzevičienė, „PwC“ Partner, Head of the Auditing Department
„If you’re looking for a challenging and exciting career that will unlock new opportunities and allow you to make a real impact on the world, I encourage you to consider the exciting potential of a career in accounting and auditing. This field offers an opportunity to make a meaningful contribution to the growth and development of the finance industry while building a successful and fulfilling career. As businesses continue to grow and become more complex, the demand for skilled professionals in this field only increases. Therefore, studying accounting and audit can open a wide range of career opportunities, ensuring job security and stability in times of economic uncertainty.
We are the market leaders in Lithuania and in the Baltics, and we take to audit and assurance services into a new era in which technology and data analytics play an even more critical role. As the result, there is a growing need for auditors who possess strong technical skills and the ability to leverage technology to deliver insights and value to their clients. Studying accounting and audit will equip you with the skills and knowledge to navigate through changes and stay ahead of the curve.
We are proud of our partnership with Vilnius University as we share the common goal – to unlock new opportunities for you and build a better working world. We believe that the audit profession is essential to achieving this goal, and we are committed to working with institutions like Vilnius University to help develop the next generation of accountants and auditors who will help to shape the future of our profession.
There are great opportunities in the current working environment to create a more effective, more purposeful profession that better serves the public interest. I invite you to check out our internships and job offerings. When you join in, together we will work on different projects and continue creating long-term value.“
Jonas Akelis, EY Baltics Managing Partner
„EY is a global leader in the professional service market, through our services - assurance, accounting tax, strategy, and transactions and consulting - we help our clients capitalize on transformative opportunities. We appreciate Vilnius University Accounting and Audit program graduates since they are not only well equipped with the knowledge required to start an accounting and audit career but also curious and ready for a lifetime growth journey.
At EY, we facilitate growth in the following ways: continuous learning with multiple training programs, access to global learning and moreover support on the job development while participating in challenging international engagements. At EY, we don’t just focus on who you are now, but on whom you can become. We create an environment where our employees are encouraged to develop not only professionally but also develop leadership and emotional intelligence abilities to become future accounting and finance leader who is able to lead teams in changing environment and advise company management on strategic business decisions. This is achieved by creating a friendly atmosphere and providing the possibility to lead the team after a couple of years spent at our company. Each year we provide the exceptional EY experience for 50 – 70 students in accounting, audit and tax.“
Andrius Jūrelė, EY, Partner
„Significant technological development and globalization has led to businesses becoming increasingly innovative. Accounting is progressively viewed not merely as a technical function, but rather as a crucial business process, encompassing functions ranging from accounting organization to business analytics. Accounting professionals are increasingly seen as important business partners, who contribute with significant value. As a result, there is a growing demand for specialists capable of organizing and managing this process. Vilnius University teaches a systematic approach to accounting, trains confident and creative thinkers, who understand the philosophy and logic behind the accounting processes, and educates future accounting mentors and leaders. It is therefore not surprising that the most senior people in our organization are graduates of this university. At Finance United, continuous growth is encoded in our DNA, so ongoing development with us is guaranteed. Each year we offer at least 5 students paid internships giving them the opportunity to combine work and study..“
Sigitas Ertmanas, "Finance United" Partner
Study Programme Graduates Work:
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Testimonials
Programme Student
Deputy Auditor General, National Audit Office of the Republic of Lithuania
"I will admit - when graduating from high school, like most of my peers, I was not sure about the field of study - I fluctuated between economics, law, political science, management. However, the fact that I graduated from the Faculty of Economics and Business Administration with a bachelor's and a master's degree and later defended my dissertation only confirms that I made the right choice.
In the first weeks of my studies, I realized that I like science, and the flexibility of the faculty and the opportunities for additional activities ensure my full development. I will never forget the first session when a math teacher evaluated my efforts during the semester, waived an exam, and wrote a ten. I also will never forget the first days of the faculty event „Mercury days“ together with the student representative office - how we flew around the dormitory of Saulėtekis in order to make the letters VU EF shine in its windows.
In the subsequent courses, the opportunity to combine studies and work was very important, and during the lectures to analyze the practical situations I encounter at work. There were no major problems here either, and as one of the most interesting master's projects, I remember a study by myself and several group members about myself as a "brand": the teacher gave us the task of choosing and analyzing how a brand works, and we are we decided that it would be very interesting to analyze ourselves - after all, each of us has a certain education, experience, knowledge, skills, which we "sell" in the labor market. Maybe it's possible to measure? We wanted to know that and, of course, try our "brands".
Later, while already studying for a doctorate, I saw another aspect of the faculty more clearly - scientific. Just at that time, VU MKIC (the new library) opened its doors, where I spent a lot of time with monographs, scientific articles and databases. And what about the development of public speaking skills by teaching students and attending conferences!
Programme Student
I am happy to have an opportunity to be a part of Vilnius University. Here you can not only acquire knowledge about accounting and auditing, but also the skills needed later in life. Although I haven't finished my studies yet, I have already been able to get advice from really great lecturers, get involved in the events organized by the Vilnius University Student Representation. I have many opportunities to combine my studies and even traveling. If I could go back to the past, I would certainly not hesitate to choose this university. I recommend it to others!
Programme Student
During my first year in Vilnius University I have acquired knowledge in economics and it’s effects on businesses and our everyday lives, the basics of finance and the principles of accounting which has made me understand the value of money and financial planning, and various sectors of business including management, global business and entrepreneurship. I have gained a great understanding in the tools needed to be able to work in a business environment such as how to use IT and the discipline of statistics to analyse specific data and help build a business.
Vilnius University has a huge student community and makes sure to help integrate new students by organising various events in the faculty and providing easily accessible help and support.
The accounting and audit programme at Vilnius University has given me the fundamentals needed to dive deeper into the study of accounting and become a professional in this field.
Programme Student
Programme Student
Fee & Finances
Annual tuition fee: 3660* Eur
Tuition fee might be postponed, but no later than December 1 in the Autumn semester and May 1 in the Spring semester; or can be payed in installments no less than 30 % of the semester tuition fee before the first month of each semester and dividing the remaining sum to one or two instalments which have to be paid before December 1 in the Autumn semester and May 1 in the Spring semester.
*Tuition fee might change insignificantly due to state regulations.
STATE FUNDED PLACES AND LOANS
State-Funded Places for Bachelor Students
Citizens of the Republic of Lithuania or other member states of the European Union (EU), European Free Trade Association (EFTA), persons (non-EU/EFTA) granted a right of permanent residence in the Republic of Lithuania, children, grandchildren and great-grandchildren of the Diaspora and people of Lithuanian origin, can apply for the State-Funded Place in the programme.
For more information, please follow this link or contact us by e-mail at
State-Supported Loans
Students are granted the possibility to apply for State-Supported Loans that are issued through a selected bank for one academic year. Loans can be given in these cases:
– To cover the tuition fee. The maximum amount equals the yearly tuition fee for the study programme you attend. This loan is paid directly to the account of the University;
– To cover living expenses. The maximum amount currently is 2000,00 EUR per year. This loan is paid in equal monthly instalments until 1 July to the borrower's personal account (for last year students until graduation);
– For partial studies abroad. The maximum amount currently is 2400 EUR, to be paid all at once to the borrower's personal account.
The loan repayment period begins no later than 12 after graduation, or termination of studies and is repaid within no more than 15 years from the beginning of the repayment period.
The applications and disbursements of the study loans are carried out by the State Studies Foundation. Please note that there are requirements that you must meet in order to be able to apply for the loan. More information
TUITION FEE POSTPONEMENT/PAYMENT BY INSTALMENT
Students who pay for their studies can apply for:
– Postponement of tuition fee for the semester for no later than December 1 in the Autumn semester and May 1 in the Spring semester;
– Semester tuition fee payment by instalments – paying no less than 30 % of the semester tuition fee before the first month of each semester and dividing the remaining sum to one or two instalments which have to be paid before December 1 in the Autumn semester and May 1 in the Spring semester.
Applications for both of the options are only available form the second year of the studies for those admitted via the admission system at apply.vu.lt. Applications are welcome during the first month of each semester via the eStudent environment.
TUITION FEE REDUCTION & COMPENSATION
– For students actively engaged in scientific research at the University, for one semester.
Up to 100 % of the semester tuition fee could be reduced for the students who are champions or prize winners of the world or European student research contests, co-authors of inventions patented by the European Patent Office (EPO), the United States Patent and Trademark Office (USPTO), or the Japan Patent Office (JPO).
From 30 % to 90 % of the tuition fee could be reduced for students, who are champions or prize winners of Lithuanian research contests.
– For students actively engaged in cultural activities at the University for the period no less than two years, for one semester.
From 30 % to 90 % of the fee could be reduced for students, who as members of the University’s performance art groups, have represented the University and become winners of awards and prizes at international and national music, theatre, choir, folklore contests or festivals.
– For students actively engaged in sports and so representing the University, for one semester.
Up to 100 % of the fee could be reduced for sportsman students if they are members of or candidates to the national Olympic team, world champions and prize winners in adult or youth competitions of their chosen branch of sport, European champions and prize winners, champions and prize-winners of world student championships.
From 30 % to 90 % of the fee could be reduced for students, who are champions and prize winners of Lithuanian championships, SELL (Baltic Student Games) champions and prize winners, champions of Lithuanian student games, members of Lithuanian national adult and youth teams, members of the University teams.
– For employees of the University (with the possibility to distribute the payments within semesters).
Up to 70 % of the tuition fee could be reduced for employees of the University who have been working at the University part-time or full-time for at least 10 months.
More information regarding the reduction of tuition fees could be found at the Description of the Procedure of Payment, Reimbursement, and Recovery of Tuition Fees at Vilnius University.
Tuition Fee Compensation
– Be eligible for State-Funded study places at Lithuanian higher education institutions (Citizens of the Republic of Lithuania or other member states of the European Union (EU), European Free Trade Association (EFTA) or the United Kingdom (UK), persons (non-EU/EFTA/UK) granted a right of permanent residence in the Republic of Lithuania, children, grandchildren and great-grandchildren of the Diaspora and people of Lithuanian origin);
– Have no academic debts;
– Have reached the excellent or typical level of learning achievements.
The list of students who have achieved the best learning outcomes is provided to the State Studies Foundation by the University. Tuition fees are compensated every year. Students granted tuition fee compensation are informed personally and are ought to submit an application for the compensation to the State Studies Foundation. You can get more information by contacting the State Studies Foundation.
TRANSFER TO SATE-FUNDED PLACES
– They are eligible for State-Funded places at Lithuanian higher education institutions (Citizens of the Republic of Lithuania or other member states of the European Union (EU), European Free Trade Association (EFTA) or the United Kingdom (UK), persons (non-EU/EFTA/UK) granted a right of permanent residence in the Republic of Lithuania, children, grandchildren and great-grandchildren of the Diaspora and people of Lithuanian origin);
– They comply with the criteria of good study performance;
– There is an available State-Funded place after a student at the same study same field of study, the same form and the same course is expelled from the University, or terminates the studies. In cases like this transfer is proceeded twice a year, during the first month of each semester;
– There is an available State-Funded place after a student in the same field of study, the same form and the same course loses their State-Funded place during rotation. In cases like this, State-Funded places are filled once a year, after the rotation – before 15 October.
Information regarding available State-Funded places is announced by the Academic Core Unit on their website and on the eStudent environment.
The transfer of students to and from State-Funded places is proceeded by each of the Academic Core Units following the temporary Description of the Procedure for the Rotation and Ranking of Vilnius University Students Based on their Learning Outcomes.
More information regarding assessment and rotation could be found here
SCHOLARSHIPS
VU FEBA Admission Scholarship
Ten one-off Scholarships equal to 1000,00 EUR each will be awarded for the most motivated and competent international students applying to the Bachelor's and Master‘s programmes of Faculty of Economics and Business Administration.
The Scholarship is payable directly to the successful applicant after their arrival to study at Vilnius University Faculty of Economics and Business Administration.
Eligibility:
Candidate from any foreign country will be awarded after successful admission procedure and motivation interview to any Bachelor's and Master‘s study programme at Vilnius University Faculty of Economics and Business Administration. The ranking of best students will be made after motivation interview where students get points depending on their grades, motivation to study in Lithuania, Vilnius University and chosen study programme. If different students get same score, then grades average is compared, if also coincides the higher motivation score will be evaluated. To get the scholarship students must pay first tuition fee for their studies.
Scholarships To Get During the Study Period
All students of the University can apply for different scholarships during the study period. The way these scholarships are disbursed is stipulated by the Vilnius University Scholarship Regulations and the Lithuanian Law. More information
Incentive Scholarship – a monthly scholarship for students with excellent learning outcomes. The scholarship is granted for students every semester for the results of the previous semester – in March for the results of the Autumn semester and in October – for the results of the Spring semester.
The provided amount (60,00 EUR or 100,00 EUR) depends on the learning outcomes (the student's place in the rank of students each semester). Around 10 % of the course students get the incentive scholarship.
One-Off Social Scholarship – a scholarship, provided in the case of financial problems caused by such unfortunate events as the illness of the student or a family member, the death of a relative, natural disaster and so on. Applications for the scholarship can be filled at the eStudent environment anytime throughout the study period.
The size of the scholarship (from 80,00 EUR to 480,00 EUR) highly depends on how difficult the situation is to the applicant.
One-Off Earmarked Scholarship – a scholarship granted for students with relevant achievements in sports, cultural and scientific/social activities. The application for the scholarship with the required documents could be submitted to the eStudent environment until 25 March in the Spring semester and until 25 October in the Autumn semester.
The size of the scholarship (form 40,00 EUR to 600,00 EUR) depends on the achievements.
Nominal Scholarship – a scholarship granted for students based on certain fields of activity for their achievements or contributions in these fields. The grounds and principles of granting nominal scholarships are established in the regulations of a specific nominal scholarship and/or support agreement. Please contact the Academic Core Unit where you study to find out your options.
Social Scholarship – a scholarship (260,00 EUR) provided by the State Studies Foundation granted for students who meet at least one of these requirements:
– If they come from a family with a difficult financial situation;
– If their working ability is reduced to 45 % or more;
– If they are not older than 25 and have been granted guardianship before their full legal age.
You can only be granted the social scholarship if you as well are a citizen of a European Union (EU) of European Free Trade Association (EFTA) member country, or if you are an international student (citizen of non-EU or non-European Economic Area country) and have been granted permanent residency in Lithuania (not applicable for foreigners of Lithuanian origins).
The applications for social scholarships have to be submitted to the State Studies Foundation from the 15 September until 10 October in the Autumn semester and from 20 January until 20 February in the Spring semester. Please contact the State Studies Foundation for more detailed information.
Support for Foreigners of Lithuania
Social Scholarship – provided for students in a tender row based on the study programme and the year of studies, the form of the studies and the achievements. The scholarship (130,00 EUR) is granted each semester and is disbursed every month.
Social Disbursement – granted for foreigners of Lithuania who meet one of these requirements:
– Students of age 26 and under, whose both parents or guardians are dead (319,00 EUR);
– Students of age 26 and under, whose one of parents or guardians is dead (261,00 EUR);
– Students of age 26 and under, whose one of parents or guardians has a disability (232,00 EUR);
– Students of age 26 and under, who come from large families where at least 3 underage children or young adults (of age 26 and under) are enrolled on formal education programs (203,00 EUR).
The applications for social scholarships and social disbursements have to be submitted to the State Studies Foundation until September 30 in the Autumn semester and February 20 in the Spring semester. Please contact the State Studies Foundation for more detailed information.
State Scholarship for the Lithuanian Language and Culture Courses
Education Exchanges Support Foundation takes pleasure in offering Lithuanian state scholarships for students, lecturers and researchers of foreign countries to attend Lithuanian language and culture courses.
More information.
Contact Us
Programme coordinator
Miglė Gerčaitė
Head of study programme
Daiva Tamulevičienė
Head of Department of Accounting and Audit
Rasa Subačienė
Programme student
Agnė Kazlauskaitė
Programme student
Ieva Lipskytė
For Students
Students of this program choose their own places for internships, but the faculty, in cooperation with various business companies and state institutions, offers the opportunity to carry out internships according to signed partnership agreements. In the table you will find information about the opportunities for this study program and contacts where students can apply for internships directly.
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