In a technical sense, accounting provides a conceptual framework for preparing financial statements and accounts. The issues which arise in accounting are related to the difficulty of establishing a true and fair value of an enterprise and its assets, the moral basis of disclosure and discretion and the standards and laws required to satisfy the political needs of investors, employees, suppliers and other stakeholders in taking decisions broadly related to the economy. In this sense, accounting is a concept - and yet it is more than this. It is also a decisive part of a mechanism and a crucially important instrument in establishing and maintaining a market-based transaction system.

Accounting measures the heartbeat of the economy !

The Master in Financial and Managerial Accounting (MA FAMA) takes an international approach to combining theory and practice in providing broad business administration skills focused on international financial reporting standards as well as on managerial accounting.

It concentrates on the role of information in a market economy, and especially its importance in developing sound financial systems. To achieve the goal of skills and expertise on the level of the individual stakeholder, the FAMA Masters Programme curriculum and content not only provides core knowledge on external and internal information systems, but also addresses some key integrative multi-disciplinary aspects. In addition, the programme includes a broad selection of electives on various aspects of management, ethics, law and politics to meet the specific knowledge needs beyond pure accounting.

In line with the developing cooperation between the Federal Republic of Germany and the Socialist Republic of Vietnam the programme is jointly offered by the IMB Institute of Management Berlin and two Vietnamese universities as :

"Study in Vietnam - Obtain a Master Degree from a German University"