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The mission of the MoA Program is to prepare competent and effective Accounting professionals who will help to give direction to their organizations and to lead them to sustainable success.
A reliable and efficient practice of accounting plays a vital role in the economy of a country. Its benefits include greater economic growth, more efficient allocation of resources, comparability of financial information, and a better investment climate. Like many developing countries, Suriname’s current financial system lacks fundamental aspects of an established accounting institution, such as effective regulation, a strong regulatory professional organization, and skilled financial professionals. This can inhibit the development of a well-functioning financial system, with the result that it impedes economic development.
With this in mind, the curriculum of FHR’s Master of Accounting Program (MoA), integrates knowledge and application of IFRS fundamentals and standards.
The Mission of the Master of Accounting (MoA) program is to prepare highly competent accounting professionals to be capable of applying accounting and business knowledge for the betterment of individuals and the public good. The program is conducted by FHR School of Accounting & Management in cooperation with the University of Maastricht (UM), in the Netherlands.
Internationally Accredited Education for Every Professional:
The foundation modules relate to Management Accounting and form the basic content of the program.
The core modules deal with the decision environment in organizations and are therefore not just the core to the understanding of Management accounting, but important to make use of the context.
The focus modules cover skills that are critical for an effective Management Accountant.
The objective of the Master Thesis is to select and articulate an accounting problem, develop a framework within which to analyze the problem and provide meaningful recommendations for management.
In line with FHR’s vision to be a center of excellence in internationally and nationally accredited postgraduate education, a diverse group of midcareer professionals with various academic and professional backgrounds is admitted to our master programs in business administration, accounting, governance, humanities and law. Each year prospective students are offered the Graduate Leveling Program (GLP) to upgrade and enhance their foundational business, accounting, human resource, governance and law knowledge and to prepare them for participation in the FHR master program of their choice.
The GLP is taught over a period of 3 to 6 months prior to the admission to the master programs. There are on-site courses that are taught by certified teachers as well as online courses from certified educational institutions. Students are guided at all times by the Academic Leveling Courses Program Manager to ensure optimal results.
The Accounting & Business Leveling Program is conducted by FHR School of Accounting & Management and consists of six (6) courses in the areas of academic skills, English, statistics, finance, economics and accounting. In order to be successful in the business and accounting master’s programs, the courses aim to equip all students with the necessary academic skills, basic technical skills, and business knowledge. The academic skills course is taught on-site by certified teachers. The English course is conducted online in cooperation with ‘Hogeschooltaal’. The business courses are also conducted online in cooperation with Peregrine Academic Services. Hogeschooltaal and Peregrine Academic Services are well-known international institutions that grant a certificate for successful completion of their courses.
Course | Description |
|---|---|
Academic skills | The academic skills course lies at the basis of each Master program. The necessary skills needed, are categorized as critical thinking and practical reasoning; complex problem solving; oral and written communication skills; interpersonal and team skills. These skills focus on the development and improvement of students’ basic research skills, professional knowledge, self-regulation skills and effective working practices. |
English Proficiency | The English course improves the basic English grammar, spelling and writing skills that students need. The theory, exercises and tests are based on the Hogeschooltaal B2 and C1 level. |
Quantitative Research Techniques and Statistics | The Quantitative research techniques and Statistics course provides a complete picture of statistical concepts and their practical applications and demonstrate how statistics methods are vital tools for modern business leaders. Students will learn about data collection and sampling, probability, sampling distribution, hypothesis testing, analysis of variance and decision analysis. These skills are aimed at accurate data-driven decision-making. |
Business Finance | This Business Finance course focuses on financial statements and cash flows, planning for growth and control, debt management, financial instruments, capital budgeting, and returns. It is very helpful to students with a non-financial or non-economic background who want to pursue an entrepreneurial career or join the Master of Business program. |
Microeconomics | This Microeconomics course focuses on the areas of consumer choice, supply and demand, market elasticity, and production and costs. This knowledge is crucial for understanding the organizational level of businesses, companies and nonprofit entities. The course gives insight in how consumers and producers interact with each other. |
Accounting | The Accounting course gives insight into the fundamentals of business accounting, including basic financial statement analysis, analytical measures, corporate annual reports, capital investment analysis, internal controls, budgeting, and performance measures. |
Candidates are admitted on a competitive selection basis.
In order to be eligible for admission to the MoA program, an applicant needs to fulfill to the following requirements:
All letters and documents must be submitted in Dutch or English.
| Application Fee | € 300,- |
| Program Tuition Fee | € 12.500,- |
Payment of the Program tuition Fee (incl. E-Books and study material):
We expect each participant to arrange their own funding of the tuition fee or through sponsorship of his/her employer
*The above-mentioned fees may be converted to Surinamese dollars based on the Centrale Bank Exchange sales rate on the day of payment.
Accounts in the name of FHRHO:
| Hakrinbank | DSB | Republic Bank |
|---|---|---|
| SRD: 20.649.85.23 | SRD: 96.50.350 | SRD: 1000506875 |
| EURO: 20.698.14.02 | EURO: 96.50.377 | EURO: 1000506891 |
| USD: 20.698.13.99 | USD: 96.50.369 | USD: 1000506905 |
After payment, we ask you to email proof of transfer to finance@fhrinstitute.sr.
Chief Financial officer (CFO)
CFO’s are responsible for ensuring the financial operations of a company are running smoothly and efficiently. They oversee different finance departments, provide leadership for those departments and ensure they are always in compliance with company policies and any laws that may apply. Becoming a CFO requires years of experience in the financial industry.
Financial advisor
Financial advisors help individuals and companies manage their finances and provide financial advice on a variety of topics such as investments, mortgages, college savings, estate planning, taxes, insurance and retirement.
Financial analyst
When working with businesses they oversee financial movements within the company and help make well-informed financial decisions. They do this by tracking the company’s financial performance against a plan, analyzing business performance and market conditions to create forecasts.
Financial Manager
Financial managers can work in a variety of industries and are overall responsible for the financial health of the company. They create plans and set goals as well as produce financial reports for the company, thus helping senior management make tactical and strategic decisions by providing periodic reports.
| Application Fee | € 300,- |
| Program Tuition Fee | € 12.500,- |
National accreditation by NOVA International accreditation by IACBE. Partner based accreditation by AACSB, EQUIS and AMBA.
The mission of the MoA Program is to prepare competent and effective Accounting professionals who will help to give direction to their organizations and to lead them to sustainable success. The program is conducted by FHR School of Accounting & Management in cooperation with The University of Maastricht (UM) in the Netherlands.
Roeafsha Hansildaar
MoA Program Manager
Telephone:
+597 422532
E-mail: pm.moa@fhrinstitute.sr
Accounting professionals that hold a master’s degree earn more and grow faster in their career than those with a bachelor’s degree. When it comes to ensuring you have the best of landing your ideal position in the finance industry receiving a master of accounting can help you stand out against other applicants.
Chief Financial officer (CFO):
CFO’s are responsible for ensuring the financial operations of a company are running smoothly and efficiently. They oversee different finance departments, provide leadership for those departments and ensure they are always in compliance with company policies and any laws that may apply. Becoming a CFO requires years of experience in the financial industry.
Financial advisor:
Financial advisors help individuals and companies manage their finances and provide financial advice on a variety of topics such as investments, mortgages, college savings, estate planning, taxes, insurance and retirement.
Financial analyst:
When working with businesses they oversee financial movements within the company and help make well-informed financial decisions. They do this by tracking the company’s financial performance against a plan, analyzing business performance and market conditions to create forecasts.
Financial Manager:
Financial managers can work in a variety of industries and are overall responsible for the financial health of the company. They create plans and set goals as well as produce financial reports for the company, thus helping senior management make tactical and strategic decisions by providing periodic reports.
Target population
The program is aimed at accounting practitioners, future managers and controllers who are in need of knowledge and development in the area of accounting. The students of the MOA program belong to the best potentials in the organization.
Mode of Delivery
In-class lecturing is from Monday till Friday from 18.00 – 21.30 hrs.
and on Saturdays from 09.30 – 15.00 hrs.
In-class exams are on Saturdays from 09.30 – 12.30 hrs.
Class attendance is compulsory.
Program Structure
The modules are characterized as Foundation, Core, Focus and Master Thesis Trajectory.
Title upon completion
Upon completion, graduates will receive a Master of Accounting (MoA) title granted by FHR Institute for Higher Education and Certified by Maastricht University School of Business and Economics.
The FHR School of Accounting and Management at FHR Lim A Po Institute for Higher Education has received specialized accreditation for its business program(s) through the International Accreditation Council for Business Education (IACBE) located at 11960 Quivira Road in Overland Park, Kansas, USA. For a list of accredited programs please view our IACBE member status page. National (pending) accreditation by the Nationaal Orgaan voor Accreditatie (NOVA).
Accounting professionals that hold a master’s degree earn more and grow faster in their career than those with a bachelor’s degree. When it comes to ensuring you have the best of landing your ideal position in the finance industry receiving a master of accounting can help you stand out against other applicants.
| Block | Description | Course | ECTS |
|---|---|---|---|
| Admission Required Leveling Courses | The Leveling courses serve to provide you with basic skills required for successful participation in the program. | Business English | 0 |
| Academic Skills | 0 | ||
| foundations of Business Finance | 0 | ||
| Foundations of Micro-Economics | 0 | ||
| Foundations of Accounting | 0 | ||
| Foundations of Quantitative Research Techniques and Statistics | 0 | ||
| Foundation | The foundation modules relate to Management Accounting and form the basic content of the program. | Management & Financial Accounting | 5 |
| Strategy, Leadership and Organization | 5 | ||
| Corporate Governance | 5 | ||
| Data Analytics | 3 | ||
| Core | The core modules deal with the decision environment in organizations and are therefore not just the core to the understanding of Management accounting, but important to make use of the context. | Strategic Management Accounting and Control | 5 |
| Internal Control and Accounting Information Systems | 5 | ||
| Financial Reporting and Analysis | 5 | ||
| Advanced Financial Accounting | 5 | ||
| Focus | The focus modules cover skills that are critical for an effective Management Accountant. | Behavior, Ethics and Decision-making | 3 |
| Auditing and Assurance Services | 5 | ||
| Financial Risk Management | 5 | ||
| Research Method | 3 | ||
| Thesis Trajectory | The objective of the Master Thesis is to select and articulate an accounting problem, develop a framework within which to analyze the problem and provide meaningful recommendations for management. | Thesis writing workshop 1 | 16 |
| Thesis writing workshop 2 | |||
| Thesis writing workshop 3 |
Admission requirements
Candidates are admitted on a competitive selection basis.
In order to be eligible for admission to the MoA program, an applicant needs to fulfill the following requirements:
a completed and duly signed application form providing the candidate’s personal data, educational record and employment record
copies of certificates and academic transcripts
curriculum vitae
personal motivational letter
Two (2) reference letters from employers or other professionals
copy of a valid ID and passport
one passport size picture
Proof of payment of the application fee of €300 and a payment plan for the tuition fee of €12.500.
All letters and documents must be submitted in English.
Application Fee
The admission fee is € 300 and should be paid before the start of the required leveling courses.
Program tuition Fee
The tuition fee amounts to € 12.500 (including costs of textbooks and other study material).
Funding
Payment of the Program tuition Fee (incl. books and study material) :
We expect each participant to arrange own funding of the tuition fee or through sponsorship of his/her employer.
*The above-mentioned fees may be converted to Surinamese dollars based on the Centrale Bank Exchange sales rate on the day of payment.
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