Master of Finance And Accounting PROGRAM DETAILDegree Granted: M.F.A.Qualification Framework: Level 8Program Duration: 1 Academic YearProgram Level: GraduateProgram Entry: Regular / RPELProgram Credits: 40 SCU / 40 SCH / 80 ECTSMode of Study: Distance LearningMode of Learning: Self-Paced with Structured Learning PhasesMode of Assessment: Quiz, Assignment, Graduation ExaminationLanguage: EnglishLocation: AsynchronousTotal Tuition Fee: $18.000Scholarships: Up to 90%Start Date: AnytimeStudent Support: 24/7PROGRAM OVERVIEWThe Master of Finance and Accounting (MFA) at Enigma Business School is an applied and analytically rigorous graduate program designed to develop advanced expertise in financial management, accounting systems, and strategic financial decision-making.The program integrates financial theory, accounting standards, quantitative analysis, and real-world financial practice to prepare professionals for complex financial roles in corporate, public, and international contexts. Unlike general management programs, the MFA emphasizes financial precision, analytical depth, regulatory awareness, and evidence-based financial judgment.Delivered through a flexible distance learning model, the MFA is ideal for professionals seeking to advance into finance leadership, accounting strategy, financial analysis, or advisory roles in a global environment. Program ObjectivesThe MFA program aims to:Develop advanced mastery of finance and accounting principlesStrengthen analytical and quantitative financial decision-making skillsEnhance understanding of financial reporting, governance, and complianceBuild capability in strategic financial planning and controlPrepare graduates for senior finance, accounting, and advisory roles Learning OutcomesUpon successful completion of the MFA program, graduates will be able to:Demonstrate comprehensive knowledge of finance and accounting frameworksAnalyze financial statements and organizational financial performanceApply quantitative methods to financial planning and investment decisionsEvaluate financial risks, controls, and governance mechanismsCommunicate financial insights clearly to managerial and non-financial stakeholders Student ProfileThe MFA program is designed for:Finance and accounting professionalsAuditors, analysts, and financial controllersManagers responsible for financial planning and reportingConsultants in finance, accounting, and corporate advisoryProfessionals preparing for senior finance leadership rolesWhy Choose This Program?Strong integration of finance theory and accounting practiceEmphasis on analytical rigor and quantitative reasoningGlobally relevant financial and accounting perspectivesFlexible self-paced distance learning modelAI-supported learning for analytical and conceptual supportInternational accreditation programISO-certified institutionGlobal recognition and degree verificationProgram StructureThe MFA program consists of 40 credits, structured into sequential Learning Phases that progressively develop financial and accounting expertise.The curriculum is composed of:Core Courses (70%) – 28 creditsSpecialization Courses (30%) – 12 creditsSpecialization courses are undertaken in the final Learning Phase, following mastery of core finance and accounting foundations.Learning Phase FrameworkPhase 1: Foundations of Finance and AccountingPhase 2: Financial Analysis, Reporting, and ControlPhase 3: Strategic Finance and Risk ManagementPhase 4: Specialization PhaseThis phased structure ensures analytical progression and professional readiness within a self-paced learning model.Curriculum and SyllabusCore Courses (28 Credits)CourseCreditsCorporate Finance and Financial Strategy4Financial Accounting and Reporting Standards4Management Accounting and Cost Analysis4Financial Statement Analysis3Quantitative Methods for Finance3Risk Management and Internal Control Systems3Corporate Governance and Financial Ethics3Financial Planning and Budgeting4Total Core Credits28Specialization Courses (12 Credits)To be defined and selected in the final phase of the program.Corporate Finance And ValuationQuantitative Finance And Financial EngineeringFinancial Reporting And ComplianceInvestment Analysis And Portfolio ManagementRisk Management And Financial ControlForensic Accounting And Fraud InvestigationFinTech, Digital Payments And CryptofinanceTax Strategy And International TaxationStrategic Accounting And AdvisoryGlobal Economics And Business ManagementSpecialization will allow students to focus on a specific business domain aligned with career interests and industry needs.Learning MethodologySelf-paced online learningModular, analytically driven course designAI Teaching Assistant for quantitative and conceptual supportApplied financial cases and data-driven assignmentsIndependent and reflective learning approachEach Course consists of 12 Modules, forming one complete Learning Phase.Entry RequirementsApplicants must meet the following criteria:Bachelor’s degree or equivalent qualificationBackground in finance, accounting, economics, or business is recommendedEnglish proficiency suitable for graduate-level financial studyEligibility for RPEL and credit transfer may be assessedAdmissions ProcessOnline application submissionAcademic and professional document reviewAdmission decision by the Academic CommitteeEnrollment confirmation and onboardingAdmissions operate under a Rolling Admission System.Assessment and Evaluation MethodAll assessments are designed at graduate-level academic rigor, emphasizing quantitative analysis, financial reasoning, and applied professional judgment.Assessment methods include:Module-based quizzesAnalytical and calculation-based assignmentsApplied financial analysis and reporting tasksThe MFA program is coursework-based and does not require a thesis.Completion RequirementsTo be awarded the MFA degree, students must:Complete all required courses and creditsDemonstrate satisfactory academic performanceComply with academic integrity and ethical standardsCareer OpportunitiesGraduates of the MFA program are prepared for roles such as:Chief Financial Officer (CFO)Finance DirectorAccounting Manager or Senior AccountantCorporate Finance or Advisory ConsultantFinancial ControllerInvestment BankerAudit ManagerPortfolio ManagerFinancial AnalystTax ConsultantRisk ManagerCorporate TreasurerFund ManagerFinancial ConsultantForensic AccountantManagement AccountantEquity Research AnalystHedge Fund ManagerInternal AuditorCompliance OfficerMergers and Acquisitions (M&A) AssociateCredit AnalystQuantitative Analyst (Quants)International Accreditation And Global RecognitionThe Master of Finance and Accounting at Enigma Business School is internationally accredited by SEAAC (South East Asian Accreditation Council), ICDLA (International Commission for Distance Learning Accreditation), EDLC (European Distance Learning Commission), GABDE (Global Accreditation Board for Distance Education), and IAHRM (International Association of Human Resources Management). All of these institutions are highly respected accreditation bodies in ASEAN, EU and the USA.Program NotesThe Master of Finance and Accounting at Enigma Business School represents a rigorous, applied, and globally relevant graduate program that prepares professionals to manage financial complexity, ensure accountability, and drive strategic value creation through sound financial and accounting expertise.Program Director,Master of Finance And Accounting (MFA) Apply Here Get a Scholarships or Financial Aid