MQF/EQF Level 5
Foundation Degree in Accountancy and Finance
Knights College
Malta
May / October 2025
Mode
Part Time
Delivery
Class-Based Learning
Duration
18 Months
Location
Malta
Credits
120 ECTS/ECVET
Language
English
Price Early Submission (EU Students)
€6,727
Price Full (EU Students)
€7,400
Up to €5,180 refunded via the Get Qualified Scheme.
Price International (Non-EU Students)
€9,200
Our Foundation Degree in Accountancy and Finance gives the learner the ability to implement and understand fundamental accounting management skills and effectively manage financial teams and businesses. This course delves into the knowledge and skills in understanding and applying the theoretical framework and accounting standards in the preparation of financial statements and will introduce learners to the basic principles of auditing and its role in the world of accounting and finance.
Learners will learn how to:
- Monitor the interactions between business, key stakeholders and the external environment.
- Ensure understanding of the macroeconomic themes and their relevance to the business world.
- Support organisational management in planning, controlling, and monitoring performance in a variety of business contexts.
- Apply cost accounting techniques to assist informative decision-making.
- Monitor laws governing the formation and constitution of organisations, including financing types and insolvency laws.
- Identify the various aspects and sources of the legal system insofar as they impact the field of accountancy and finance.
- Interpret financial statements taking into consideration financial performance, financial position, and cash flows.
- Account for transactions in accordance with international accounting standards.
- Prepare financial statements for single entities and business combinations.
- Manage information derived from financial audits effectively and monitor the outcome of financial audits and audit reports accurately.
- Monitor the role of internal and external stakeholders when it comes to corporate governance and corporate social responsibility.
- Comply with the standards of corporate governance.
By the end of this programme, learners will be eligible to advance their studies by pursuing a BSc in Accountancy and Finance.
Mode of Assessment
This course implements various methods and techniques of assessment, including examinations, assignments and presentations.
Target Audience
This course is intended for those who are aged 21+ and aspire to boost their career in accountancy and finance.
Year 1
The below is an outline of the modules covered in this course
Module
ECTS
Duration
The Business Environment
This module aims at introducing learners, especially those who are not familiar with the business environment, to organisations, which are made up of various systems and people interacting with one another on a continuous basis. Primarily, it will introduce learners to various organisation types, their stakeholders, the competition within which they operate, their functions and structure amongst others. This will serve as preparation for upcoming modules which will make reference to organisations.
12
ECTS
60
hours
Corporate Business Finance
This module aims to provide students with an understanding of, and the ability to, apply the tools and methodologies of business finance theory. It builds on the Management Accounting module to explore the financial decision-making processes of businesses.
12
ECTS
60
hours
Economics and Financial Markets
The module introduces students to the economic environment that impacts the three key financial management decisions of investing, financing and dividend policy. Students will also be introduced to the use of macroeconomic applications to address real-world issues in current economic policy.
12
ECTS
60
hours
Fundamentals of Management Accounting
This module intends to give participants a thorough understanding of the fundamental principles and techniques of management accounting. These principles and techniques are used in business to support informative planning, control and decision making.
12
ECTS
60
hours
Principles of Financial Accounting
This module introduces students to the fundamental principles and practices of financial accounting. It first covers accounting techniques and focuses on the recording, processing and reporting of business transactions and events. The module then requires students to prepare financial statements and perform a high-level analysis of these financial statements. It also covers the preparation of simple consolidated financial statements from the individual financial statements of group incorporated entities
12
ECTS
60
hours
Year 2
The below is an outline of the modules covered in this course
Module
ECTS
Duration
Financial Reporting
This module elaborates on the content of the Management Accounting module and allows students to gain further insight into the measurement and management of performance within organisations.
12
ECTS
60
hours
Maltese Taxation
This module focuses on the Maltese taxation system as it relates to individuals and corporate entities. The aim of the module is for student to develop knowledge and skills relating to the fundamental principles and key technical areas in taxation. The content considers the separate taxes that an accountant would need to have a detailed knowledge of, which would then allow students to compute tax liabilities, undertake the planning and identify compliance issues where necessary.
12
ECTS
60
hours
Corporate Governance and Ethics
This module focuses on the most important corporate governance legal issues arising worldwide and analyses the influence that these theories have exerted on society and the business community. The module focuses on the overall corporate governance debate and the various corporate governance solutions originating from it. The final part of the module deals with several scenarios in which the adoption of unethical corporate governance approaches led to the infringement of fundamental rights and produced adverse effects in the corporate world and broader society.
12
ECTS
60
hours
Accountancy Law
This module specifially covers various laws and regulations which directly and indirectly impact the field of accountancy and finance. These laws and regulations include employment law and the legal framework relating to the establishment and operation of a business.
12
ECTS
60
hours
Performance Management
This module elaborates on the content of the Management Accounting module and allows students to gain further insight into the measurement and management of performance within organisations.
12
ECTS
60
hours
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ECTS
Duration
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Duration
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Total Credits
Core Modules
120
Credits to graduate
120 ECTS/ECVET
Awarding &
Accrediting Bodies
Awarding Body
Validating Body
Knights College
This qualification is awarded by Knights College.
Accrediting Body
Malta Further and Higher Education Authority
This qualification is accredited by the Malta Further and Higher Education Authority.
Entry Requirements
The below are the requested entry requirements
Applicants should hold:
- A Matriculation certificate with an Intermediate Pass in Pure Mathematics and Advanced Pass in Accountancy, or equivalent. OR;
- A recognised MQF Level 4 full qualification in Accountancy and Finance AND
- Learners should be in possession of suitable English qualifications such as IELTS 6.0 or CEFR, or equivalent.
Funding Schemes
Scholarships & Facilitations
Get Qualified Scheme
Governed by the Malta Enterprise, this scheme gives the student up to 70% of the total fees paid for the course in tax credits. Get Qualified is an initiative that supports the personal development of individuals for the achievement of qualifications and certifications required by industry.
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