Guys I'm curious to know. At the time I was studying, LAN was the body to determine whether a college is good or not. I think they r called in MQA nowadays?

Ok, so I've been offered to study in a college, they told me that the course are world recognized. But from what I know a course must be accredited to be recognized by the world? What are the consequences and how bad it is if it's not MQA accredited?

Can anybody tell me what are the requirements for a good university? I'm pursuing a MBA course BTW. Does it mean that MQA accredited=got government chop/stamp/seal of approval?