Education for Anybody, Anywhere, Anytime concept. The term “Virtual Academy” characterizes an organization that provides education and its learning opportunity on the Internet using computer programming and multimedia technologies to deliver its virtual classes, course modules, interactive tutorials, assignments and finally assessment and examination. It is meant normally but not necessarily only for those who can not pursue the regular course due to some compulsion. Studying on virtual mode is different from studying in a regular formal Conventional university. There are no buildings and no campus to go to because students study on the Internet. In most cases, only a personal computer and an Internet connection are needed. Through this connection students access the virtual university and then do the same as other students do: attend classes, solve exercises, discuss cases, take tests, ask questions, etc. Likewise they communicate with lecturers, tutors, administrative staff, etc., but it happens over the Internet.