Warsaw, Poland

Finance and Accounting

Finanse i rachunkowość

Master's
Language: PolishStudies in Polish
Subject area: economy and administration
Kind of studies: full-time studies, part-time studies
  • Description:

  • pl

Master Program in Finance and Accounting

Finance and Accounting teaching is based on provisions addressed to this course by EQUAL. The construction of the programme is subject to the intent of integration of theory, empirical research and practical experience.

Graduate studies last four semesters and the number of class hours within the programme is higher than minimums for this course determined in Education Standards in Finance and Accounting. The programme comprises: basic, major courses, courses toward major, specialization courses and others.

Courses constituting the group of basic courses are determined by the Ministry of Higher Education and by the University. Acquisition of their contents is the condition required to understand forthcoming, more advanced course contents.

Major courses, some of them also determined by the Ministry, comprise contents more related to the course of studies, constituting the starting point to closer recognition of its specific character, pointing the direction of further part of the programme.

The aim of the group of courses toward major, realized mostly in the first semester, is to deepen and broaden knowledge and skills acquired within the framework of the two above mentioned groups of courses as well as preparation for making a good choice of one specialization out of the variety offered by the University. They deliver tools essential to every financier, no matter what sphere of accounting and finance he/she will participate in and what group of subjects he/she will serve.

The group of other courses comprise lectures to select in Polish and in foreign language, and Master's seminar. The choice of particular lectures by students is generally determined by the will to seek knowledge often beyond the fundamental programme contents offered by the course in Finance and Accounting. A considerable part of students select courses from the disciplines less formalized, connected with such courses - also offered by the University - as Management, Sociology, Law. Many students decide therefore to undertake in one of the further semesters parallel studies in other course or to choose additional specialization in Finance and Accounting. To the described group of courses belongs also three-semester Master's seminar, in which students prepare their Master's thesis.

The expression of proper substantial maturity is the well-chosen specialization out of those offered by the University. All specializations prepare for work in professions demanded on the labor market and enable to gain skills and to develop attitudes improving chances for success in professional life and business conducted by the alumni. The spectrum of specializations is so wide that every student, according to his/her professional interest, may find one, which programme contents are most accurate.

Specializations offered by the University have in their contents courses connected both with accounting dominated courses and other that accounting aspects of finance and which constitute a successful combination of all the above mentioned courses. The first group form: Accounting and Audit and control in business, the second one: Finance management, Banking, Insurance and Investment and capital strategies, and the third one - Corporate finance and accounting.

The studies finish with Master's exam, during which the student answers three questions: the first one is general, related to the realities of surrounding economic reality, the second one is specialization-oriented, connected with programme contents of completed specialization and seminar's topics and the third one, in direct relation to the content of prepared thesis.

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
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.
Accounting
The swift victory of the railway over the waterway resulted from organizational as well as technological innovation. Technology made possible fast, all-weather transportation; but safe, regular, reliable movement of goods and passengers, as well as the continuing maintenance and repair of locomotives, rolling stock, and track, roadbed, stations, roundhouses and other equipment, required the creation of a sizable administrative organization. It meant the employment of an administrative command of middle and top executives to monitor, evaluate, and coordinate the work of managers responsible for the day-to-day operations. It meant, too, the formulation of brand new types of internal administrative procedures and accounting and statistical controls. Hence, the operational requirements of the railroads demanded the creation of the first administrative hierarchies in American business.
Alfred D. Chandler, Jr. The Visible Hand (1977) p. 87.
Accounting
… without idealism, politics becomes a form of accounting, a management of purely material interests.
Ian Buruma What’s Left After 1989?
Finance
Nothing in finance is more fatuous and harmful, in our opinion, than the firmly established attitude of common stock investors regarding questions of corporate management. That attitude is summed up in the phrase: "If you don't like the management, sell your stock." [...] The public owners seem to have abdicated all claim to control over the paid superintendents of their property.
Benjamin Graham, World Commodities and World Currencies (1944)

Contact:

Jagiellonska St. 57/59
03-301 Warsaw, Poland
phone: +48 22 519 22 69
admission@kozminski.edu.pl
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