Accounting and Auditing

Accounting and Auditing programme is an internationally acknowledged study programme, providing in-depth theoretical and practical knowledge of accounting and audit for pursuit of prestigious internationally recognised ACCA qualification and becoming a professional accounting or audit specialist, senior accountant, financial director, company’s manager at national or international company of audit, accounting or other business branch, Lithuanian or EU public sector institution.

The programme is run in Vilnius, the capital city, where major international accounting companies are located. Outstanding links with them provides placements, collaborative research and employment. The studies are organised in the way to combine both studies and professional development at the same time.

Code 6211LX037
Location Kaunas
School of Economics and Business
Cycle Second cycle
Field Accounting
Language Lithuanian, English
Study mode and duration Full-time studies - 2 y.
Degree awarded Master of Business Management
  • University of Bologna
  • Athens University of Economics and Business
  • University of Bergamo
  • Tomas Bata University in Zlin

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Why @KTU?

Competences of international accounting standards

It is the only programme in Lithuania which ensures competences of international accounting standards for the work at international companies (University of Edinburgh, 2015).

Why @KTU?

ACCA examinations certificates

It is the only programme in the Baltic States, accredited by the International Association of Accounting Professionals; graduation of this programme provides a credit for 3 ACCA examinations (F5, F7 and F8).

Why @KTU?

Internships in leading accounting companies

The programme is run in Vilnius with the highest concentration of financial and auditing companies in Lithuania to match studies and professional development simultaneously.



Consolidated accounting – financial statements, parent company and subsidiary
Audit – independent verification, methods, procedures, internal audit
Strategic management accounting – distribution of resources, budget planning, control procedures
Value-based management – concepts, methods, their application for assessment of the company's value
Understanding of International Accounting and Standards Understanding of Theoretical Knowledge of Auditing, Practical Situations and Issues Provision of Information for Management Decisions Evaluation of Business and Assets

Master+ is a unique model within a chosen MSc programme

The Master+ model offers either to masterpiece in the chosen discipline by choosing the Field Expert track or to strengthen the interdisciplinary skills in addition to the main discipline by choosing the Interdisciplinary Expert track providing a choice of a different competence to compliment the chosen discipline and achieve a competitive advantage in one’s career.

Students of these study programmes can choose between the path of Field Expert and Interdisciplinary Expert. Selection is made in the academic information system. Each path (competence) consists of three subjects (18 credits) allocated as follows: 1 year 1 semester (autumn) – first subject (6 credits), 1 year 2 semester (spring) – second subject (6 credits), 2 year 3 semester – third subject (6 credits). A student, who chooses a path of the Field Expert, deepens knowledge and strengthens skills in the main field of studies. The one, who chooses a path of the Interdisciplinary Expert, acquires knowledge and skills in a different area or field of studies. Competence provides a choice of alternative additional subjects.

  • Field Expert (profound knowledge and skills in the area, required for solution of scientific research tasks);
  • Interdisciplinary Expert:
    (fields of different knowledge and skills are combined for solution of specific tasks);

Acquisition of the competence is certified by the issue of KTU certificate and entry in the appendix to the Master’s diploma. In addition, students can acquire an international certificate (details are provided next to each competence).

Competences are implemented by KTU lecturers – experts in their area – and high level business and public sector organizations; their employees deliver lectures, submit topics for the student’s theses, placement-oriented tasks for the projects, etc.


Ingrida Šimonytė

Deputy Chairwoman of the Board of the Bank of Lithuania


Who else could tell us – owners and employees, investors and creditors, state and citizens – how things are, if not accounting specialists? And who could confirm that what is said by accounting specialists is true, if not auditors? Both of these professions are vertebra of market economy, they provide the most significant resource – information, required for decision-making.

Gintarė Venckaitytė

UAB "Pricewaterhouse Coopers", Assistant Auditor


I have a very positive approach towards studies of audit and accounting. During the lectures we performed interesting, practical tasks that could be applied in the area of work. Good and competent lecturers, including the ones from the business world, provided us with useful advices, based on science as well as on their life experience. I personally, liked modules of Consolidated Accounting and Analysis of Companies, Evaluation of Assets and Business, Audit, Internal Audit, Value-based Management, which helped me acquire necessary and valuable knowledge, deepen my knowledge of accounting, and acquire basic knowledge of audit; that was useful in my professional career.


Student’s competences:
– Graduate has deep theoretical knowledge of accounting and audit, is able to recognise the problems of accounting and audit at the conceptual level;
– Individually solves the problems of accounting consolidation, performance control, assurance of correctness and transparency of financial reports, reduction of information asymmetry in traditional, global and network-based organisations;
– Able to argue methodologically and conduct accounting and audit applied research, effectively communicate their results.


Student’s skills:
– Able to apply accounting methodology in practical implementation of national and international standards, and while individually solving problems of accounting consolidation, information transparency and reduction of asymmetry;
– Able to plan and conduct financial, internal and social audit using audit methodologies and techniques, and following the principles of professional ethics and social responsibility;
– Able to formulate, assess and prepare an organisation management control system in modern organisations, integrating the latest concepts of accounting, audit, management accounting, intellectual capital, and measurement and management of the company’s value.



You may become

– Consultations on budget, accounting control, accounting policies and systems, their planning and installation;
– Preparation of tax returns, consulting on the amount of taxes;
– Preparation and interpretation of financial accountability and other management reports.

– Targeted collection of accounting data, its processing and analysis, providing information for decision-making in business management.

(after passing of qualification examinations)

– Audit of accounting information and financial reports.

– Assurance of the internal control system’s efficiency.

– Preparation and approval of financial accountability submitted to the management, shareholders and other institutions as required by the law;
– Assessment of the company’s or organisation’s financial situation, preparation of budget and supervision of financial operations.

– Preparation and management of budget, control of expenses and assurance of efficient use of resources;
– Establishment of operational and administration procedures and their supervision.

– Planning and supervision of standard activities;
– Company’s or organisation’s representation while making transactions with other institutions.


Minimum requirements

University bachelor degree certificate

Business and Management or Economics degree

Language CGPA

IELTS ≥6.0, TOEFL ≥85, CEFR ≥C1, or previously completed studies in english language.

Average grade (CGPA) > 60 %

Additional requirements

Often you can get a suitable transcript of bachelor degree from your school. If this is not the case, you will need official translations along with verified copies of the original.

The entry qualification documents are accepted in the following languages: English / Russian.

The documents must be legalised (Apostille) by the Ministry of Foreign Affairs of the country where the documents were issued. This requirement does not apply for the documents issued in the EU and Belarus, Ukraine.


Score structure

Component Coefficient
First component of the competition score

Average grade (CGPA) of University‘s Bachelor’s degree (min. length – 180 ECTS) and its supplement


Second component of the competition score

Research activities


Third component of the competition score

Motivation letter and online interview



Tuition fee

Full-time studies 3800 €
Price per credit 63,33 €
Foreign nationals with Lithuanian origins and EU citizens
Full-time studies 3465 €
Price per credit 57,75 €


Financial support