The objective of the program is to develop good academic citizens with sound moral and ethical principles that are also highly qualified for a professional career in accounting and audit positions. Our program is characterized with a curriculum offering a more personalized learning environment, for the purpose of acquiring advance knowledge and skills in accounting and audit theory and practice. The students will be involved in teaching mix of participative learning, research and practical work.


  • We create professionals who are capable of dealing with modern-day challenges in the areas of accounting and audit.
  • Our courses are carefully designed to tackle some of the most important accounting and audit issues of today.
  • We have a well-balanced combination of theoretical and practical knowledge delivered interactively by professors, experts and career accountants and auditors.
  • We create a vivid environment for continuous interchange of professional experience among international professors, guest speakers and students.
  • We offer an exceptional mix of the best practices of European and American educational systems.
  • We involve our students in international research project and activities.
  • Our students benefit from the opportunity to take part in the Erasmus+ Programme and spend a study semester abroad at one of our partner universities in Europe.

SBEM Course Catalogue


UACS SBEM faculty combines:


  • Ass. Prof. Dushica Stevcevska Srbinoska, PhD – Head of Finance Department
  • Tome Nenovski, PhD – former Deputy Governor of the National Bank of the Republic of Macedonia
  • Nikica Mojsoska Blazhevski, PhD – Staffordshire Alumni, former Head of the Macroeconomics Department at the Ministry of Finance of the Republic of Macedonia
  • Marjan Petreski, PhD – Staffordshire Alumni, Silver medal Japanese Award for Outstanding Research on Development, 2013, EFER EEC Alumni
  • Jadranka Mrshikj, PhD – former CEO of KB Prvo Penzisko Drustvo AD Skopje and previous work experience in Macedonian Stock Exchange and Komercijalna banka AD Skopje
  • Marjan Bojadjiev, PhD – Harvard Business School Alumni, Teacher of the Year Award by ACBSP, 2012

II. PROFESSORS OF MANAGEMENT PRACTICE – with highest ranks and expertise

  • Dragoljub Arsovski, PhD – CEO of TTK Banka AD Skopje
  • Gligor Bishev, PhD – CEO of Sparkasse Bank Macedonia AD Skopje
  • Igor Velichkovski, PhD – Manager of the Payment Systems Department at National bank of the Republic of Macedonia
  • Vladimir Stefanovski – Plant Controller at KSS Macedonia (ACCA Accredited)
  • Kiril Savovski – Auditor (ACCA Accredited)


  • Vittorio de Pedys, PhD from ESCP Europe Business School, Torino, Italy
  • Jeremy Cripps, PhD, Professor Honoris Causa at UACS from Heidelberg University, Ohio, USA


We believe that the instructor’s responsibilities include:

  • Asking the right questions
  • Leading the class discussions
  • Helping the students find their own solution to the problems raised. 


  • We do ask the “WHAT” and “WHY” questions. But we also teach the “HOW”!
  • Apart from teaching theory and facts, our primary goal is applying the knowledge and gaining practical skills.
  • We employ leading-edge teaching techniques, such as: case studies, role plays, problem solving, individual and team projects, and simulations.

By doing this, we have learned from the best – Harvard Business School. So far, we have 16 faculty members holding a teaching certificate according to the Participant-Centered Learning methods.

During the lectures, we use case studies designed by some of the best business schools in the world, as Harvard Business School and Darden School of Business.


After finishing the undergraduate studies and earning the BSc degree at the SBEM Accounting and Audit program, students can experience employment opportunities at a wide spectrum of:

  • State and local institutions, government agencies and public bodies. In the Public Practice Sector, the accountants and auditors provide services for clients, including accounts preparation, taxation, audit and assurance services.
  • In the corporate sector, accountants and auditors assist and support the organization in the process of making decisions through business insight and developing investor and partnering relations. This sector covers many areas including audit and advisory, business consulting, insurance, financial and management accounting and taxation.
  • Accounting and auditing for not-for-profit organizations, institutions and advisory services, where they offer support to organizations to, for instance, reducing their costs; managing their risk and reputation, etc.
  • Financial services sector, where accountants provide services to clients in the banking and financial area including cash, treasury and funds management.


Bachelor of Business Administration (240 ECTS) – Major: Accounting and Audit


Required courses:

  1. Introduction to Management
  2. Introduction to Microeconomics
  3. Business Math 1
  4. Accounting in Business
  5. Introduction to Marketing
  6. Composition 1
  7. Elective Course
  8. Elective Course
  9. Elective Course at University level
  10. Elective Course at University level

Elective Courses in program – students choose 2 of the following courses:

  1. Business Law
  2. Psychology
  3. Sociology

Elective Courses at University level– students choose 2 of the following courses:

  1. ESL 1
  2. History of Art
  3. Computer Application 1

Required Courses:

  1. Statistics for Business
  2. Introduction to Macroeconomics
  3. Organizational Behavior
  4. Taxation
  5. Financial Markets and Institutions
  6. Financial Accounting
  7. Elective Course
  8. Elective Course
  9. Elective Course
  10. Elective Course at University level

Elective Courses in program – students choose 3 of the following courses:

  1. Public Finance
  2. Business Ethics
  3. Principles of Finance
  4. Preventing Fraud and Money laundering

Elective Courses at University level – students choose 1 of the following courses:

  1. EU Economics
  2. Ecology and Sustainable Development
  3. Global Understanding

Required Courses

  1. Business Planning and Analysis
  2. Corporate Finance
  3. Audit 1
  4. Performance Management
  5. Financial Reporting and Financial Statement Analysis (first semester)
  6. Corporate Reporting (second semester)
  7. Elective Course
  8. Elective Course
  9. Elective Course
  10. Elective Course

Elective Courses in program – students choose 2 of the following courses:

  1. Banking
  2. Accounting information systems
  3. Monetary Economics
  4. Entrepreneurship

Required courses:

  1. Business Communication
  2. Advanced Organizational Behavior
  3. Research Methods in Economics and Finance
  4. Advanced Corporate Finance
  5. Managerial Accounting
  6. Banking Management
  7. Elective course
  8. Specialization Project and Internship

Elective Courses in program – students choose 1 of the following courses:

  1. Financial Product and Pricing
  2. Business Ethics and Corporate Governance
  3. Audit 2
  4. Entrepreneurial Finance
  5. Data Analysis