PROGRAM DETAIL


Degree Granted: M.F.A.

Qualification Framework: Level 8

Program Duration: 1 Academic Year

Program Level: Graduate

Program Entry: Regular / RPEL

Program Credits: 40 SCU / 40 SCH / 80 ECTS

Mode of Study: Distance Learning

Mode of Learning: Self-Paced with Structured Learning Phases

Mode of Assessment: Quiz, Assignment, Graduation Examination

Language: English

Location: Asynchronous

Total Tuition Fee: $18.000

Scholarships: Up to 90%

Start Date: Anytime

Student Support: 24/7

PROGRAM OVERVIEW

The 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 Objectives

The MFA program aims to:

  • Develop advanced mastery of finance and accounting principles
  • Strengthen analytical and quantitative financial decision-making skills
  • Enhance understanding of financial reporting, governance, and compliance
  • Build capability in strategic financial planning and control
  • Prepare graduates for senior finance, accounting, and advisory roles

 

Learning Outcomes

Upon successful completion of the MFA program, graduates will be able to:

  • Demonstrate comprehensive knowledge of finance and accounting frameworks
  • Analyze financial statements and organizational financial performance
  • Apply quantitative methods to financial planning and investment decisions
  • Evaluate financial risks, controls, and governance mechanisms
  • Communicate financial insights clearly to managerial and non-financial stakeholders

 

Student Profile

The MFA program is designed for:

  • Finance and accounting professionals
  • Auditors, analysts, and financial controllers
  • Managers responsible for financial planning and reporting
  • Consultants in finance, accounting, and corporate advisory
  • Professionals preparing for senior finance leadership roles

Why Choose This Program?

  • Strong integration of finance theory and accounting practice
  • Emphasis on analytical rigor and quantitative reasoning
  • Globally relevant financial and accounting perspectives
  • Flexible self-paced distance learning model
  • AI-supported learning for analytical and conceptual support
  • International accreditation program
  • ISO-certified institution
  • Global recognition and degree verification

Program Structure

The 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 credits
  • Specialization Courses (30%) – 12 credits

Specialization courses are undertaken in the final Learning Phase, following mastery of core finance and accounting foundations.

Learning Phase Framework

  • Phase 1: Foundations of Finance and Accounting
  • Phase 2: Financial Analysis, Reporting, and Control
  • Phase 3: Strategic Finance and Risk Management
  • Phase 4: Specialization Phase

This phased structure ensures analytical progression and professional readiness within a self-paced learning model.

Curriculum and Syllabus

Core Courses (28 Credits)

Course

Credits

Corporate Finance and Financial Strategy

4

Financial Accounting and Reporting Standards

4

Management Accounting and Cost Analysis

4

Financial Statement Analysis

3

Quantitative Methods for Finance

3

Risk Management and Internal Control Systems

3

Corporate Governance and Financial Ethics

3

Financial Planning and Budgeting

4

Total Core Credits

28

Specialization Courses (12 Credits)

To be defined and selected in the final phase of the program.

  • Corporate Finance And Valuation
  • Quantitative Finance And Financial Engineering
  • Financial Reporting And Compliance
  • Investment Analysis And Portfolio Management
  • Risk Management And Financial Control
  • Forensic Accounting And Fraud Investigation
  • FinTech, Digital Payments And Cryptofinance
  • Tax Strategy And International Taxation
  • Strategic Accounting And Advisory
  • Global Economics And Business Management

Specialization will allow students to focus on a specific business domain aligned with career interests and industry needs.

Learning Methodology

  • Self-paced online learning
  • Modular, analytically driven course design
  • AI Teaching Assistant for quantitative and conceptual support
  • Applied financial cases and data-driven assignments
  • Independent and reflective learning approach

Each Course consists of 12 Modules, forming one complete Learning Phase.

Entry Requirements

Applicants must meet the following criteria:

  • Bachelor’s degree or equivalent qualification
  • Background in finance, accounting, economics, or business is recommended
  • English proficiency suitable for graduate-level financial study
  • Eligibility for RPEL and credit transfer may be assessed

Admissions Process

  • Online application submission
  • Academic and professional document review
  • Admission decision by the Academic Committee
  • Enrollment confirmation and onboarding

Admissions operate under a Rolling Admission System.

Assessment and Evaluation Method

All assessments are designed at graduate-level academic rigor, emphasizing quantitative analysis, financial reasoning, and applied professional judgment.

Assessment methods include:

  • Module-based quizzes
  • Analytical and calculation-based assignments
  • Applied financial analysis and reporting tasks

The MFA program is coursework-based and does not require a thesis.

Completion Requirements

To be awarded the MFA degree, students must:

  • Complete all required courses and credits
  • Demonstrate satisfactory academic performance
  • Comply with academic integrity and ethical standards

Career Opportunities

Graduates of the MFA program are prepared for roles such as:

  • Chief Financial Officer (CFO)
  • Finance Director
  • Accounting Manager or Senior Accountant
  • Corporate Finance or Advisory Consultant
  • Financial Controller
  • Investment Banker
  • Audit Manager
  • Portfolio Manager
  • Financial Analyst
  • Tax Consultant
  • Risk Manager
  • Corporate Treasurer
  • Fund Manager
  • Financial Consultant
  • Forensic Accountant
  • Management Accountant
  • Equity Research Analyst
  • Hedge Fund Manager
  • Internal Auditor
  • Compliance Officer
  • Mergers and Acquisitions (M&A) Associate
  • Credit Analyst
  • Quantitative Analyst (Quants)

International Accreditation And Global Recognition

The 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 Notes

The 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)