Warsaw, Poland

Finance and Accounting

Finanse i rachunkowość

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

  • pl

Bachelor Program in Finance and Accounting


Learning objectives for the Bachelor Program in Finance and Accounting have been formulated on the basis of corresponding EQUAL recommendations for this Programme. They were based on the intention to integrate theories, empirical research and economic practice which has been reflected in the Programme structure, both in its earlier version offered under the name of Finance and Banking as well as, to even greater extent, in the present version. The Programme comprises theoretical and practical classes run at the University as well as students apprenticeships offered by various enterprises outside the University, all of which deal with accounting and financial matters.

The Bachelor's Programme lasts six terms. The number of hours of instruction realized on full time and part time basis exceeds the minimums required by the document entitled Standards of Teaching for Finance and Accounting Programmes. The Programme includes the following subjects: general, primary, core and specialization as well as preparation for the Bachelor's Examination.

General courses include two foreign languages (6 terms of English and 4 terms of the second foreign language), Physical Education, management (at the 1st term) as well as philosophy (at the 5th term). The number of foreign language instruction, especially English, significantly exceeds the minimums recommended by the above mentioned Standards which differentiates our University from other schools offering Finance and Accounting programmes.

The first, the second and partly the third terms concentrate on general and primary courses whose aim is to teach the most essential economic issues and tools which contribute to the skills of a modern finance professional (i.e. law, economics, mathematics, statistics, econometrics, IT) and gradually lead to the core issues of the Programmes (i.e. finance and accounting).

The third and the fourth terms are devoted to studying the core theoretical and empirical courses which aim at developing the primary courses material (i.e. financial mathematics, financial accounting, corporate finance, financial analysis, public finance) or at expanding it (i.e. banking, insurance, financial markets, business ethics).

During the fourth and the fifth term students will follow the curricula of one of the two specializations offered by the University: accounting, finance and taxation or Finance and Banking which they select at the end of term III. It should be stressed that offering the students various specializations at undergraduate level is not a common procedure at Polish universities. Specializations were not included in the curriculum of the undergraduate Finance and Banking Programme either.

The Programme ends with a Bachelor's examination which replaced the defence of the Bachelor's thesis. The students will demonstrate the knowledge of the finance and accounting theory as well as the skills typical of the professionals working in these two disciplines.

The exam shall be composed of two parts. During the first one the student will deliver a Power Point presentation prepared under the supervision of the experienced academic. The presentation will demonstrate the essence of a selected economic problem, its solution and the tools used for this purpose. During the second part the student will draw and answer three questions: one primary subject and two core subject questions.

On completing the fourth term the students will attend 4-week compulsory apprenticeship. They may apply for the exemption from the apprenticeship to the Apprenticeship Coordinator if their current job and duties correspond with the aims of the apprenticeship syllabus of Finance and Accounting Programme. During the apprenticeship the students will be familiarized with the financial aspects of operations of various entities and prepared to fulfil appropriate roles in their professional lives.
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 problem is not that this optimistic view is wrong. By economic accounting, the optimistic view is mostly right.
Didier Sornette Why Stock Markets Crash - Critical Events in Complex Systems (2003) Ch. 10, 2050: The End Of The Growth Era?, p. 390.
Accounting
The accounts of money, supplies and provisions should then be considered. The overseer should report what wine and oil has been sold, what price he got, what is on hand, and what remains for sale. Security should be taken for such accounts as ought to be secured. All other unsettled matters should be agreed upon. If any thing is needed for the coming year, it should be bought; every thing which is not needed should be sold. Whatever there is for lease should be leased.
Cato the Elder. De Agri Cultura, about 160 BC. Of the duties of the owner.
Finance
The real reason that physicians are rotten investors is that it never occurs to them that finance is a science, just like medicine.
William J. Bernstein The Four Pillars of Investing (2002), Introduction, p. ix.

Contact:

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