The FASTER project aims to develop an innovative and viable on-line platform with the ability to facilitate the flow of existing practical knowledge produced in the daily routine of financial services of enterprises, banks & public sector. Scientific theoretical knowledge generated in higher educational systems is often not directly linked to the practical needs met in a real-time job environment. FASTER provides accumulated knowledge in forms suitable to non-formal, practical learning, intending to server both Erasmus and Leonardo Da Vinci strategic objectives. This process will be facilitated by the use of information and communications technologies (ICT) and particularly interactive web-based educational applications, hands-on computer applications and case studies on real situations. Acceptable practical experience is extremely important in all areas of accounting. It is this experience which distinguishes graduates with any accounting qualifications in the job market. FASTER will foster long-term career advancement and international mobility ensuring that the professional development of certified general accountants remains a lifelong experience, supporting improvements in quality and innovation in vocational accounting education and relevant training systems, institutions and practices. It will also be designed to provide graduates with degrees in disciplines other than accounting, or people employed in business, with the foundation studies to become a professional accountant. The online programme will meet standard academic requirements to obtain industrial recognition. The project target group emphasizes on natural and legal entities, private companies and accounting firms, banks, financial services of public authorities, students in pursuit of practical application of their theoretical background, graduates in search of employment and professional accountants who wish to keep their knowledge level up to date.