Finance and Accounting
Finanse i rachunkowość
Subject area: economy and administration
Kind of studies: full-time studies, part-time studies
MA in Finance and Accounting is a truly unique two-year study program conducted in English and it has been above all else created to meet most sophisticated needs and challenges of global market of tomorrow. The Accounting and Finance Department’s mission is to educate finance professionals and accountants who are prepared for a dynamic and changing world. Finance studies prepare students for careers focused on financial analysis, including careers as a stock broker, securities analyst, investment banker, financial planner, or in the finance department of a corporation. This program is designed for students with a strong interest in learning about investments in the stock market, securities analysis, derivatives, corporate finance, international finance, and similar topics. Accounting students take classes in all the major accounting disciplines. This concentration is ideal for students interested in understanding the language of business, planning to explore entrepreneurial opportunities, or looking for a career in business accounting.
Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.
Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
The best scheme of finance is, to spend as little as possible; and the best tax is always the lightest.
Jean-Baptiste Say A Treatise On Political Economy (Fourth Edition) (1832) Book III, On Consumption, Chapter VIII, Section I, p. 449
Accounting for the most part, remains a legalistic and traditional practice, almost immune to self-criticism by scientific methods.
Kenneth Boulding (1958, p. 95) as cited in: Edward Stamp, Michael J. Mumford, Ken V. Peasnell (1993) Philosophical Perspectives on Accounting. p. 147.
There’s no longer any reason to believe that the wizards of Wall Street actually contribute anything positive to society, let alone enough to justify those humongous paychecks. ... It’s hard to think of any major recent financial innovations that actually aided society, as opposed to being new, improved ways to blow bubbles, evade regulations and implement de facto Ponzi schemes.
Paul Krugman, "Money For Nothing," The New York Times, April 26, 2009