Toruń, Poland

Finance and Accounting

Bachelor's

Table of contents

Finance and Accounting at Merito Toruń »
Why study Finance and Accounting at WSB Merito University in Toruń? »
Test: Is Finance and Accounting the right fit for you? »
Definitions and quotes »

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⇑Finance and Accounting at Merito Toruń

Language: English Studies in English

Subject area: economy and administration

Kind of studies: full-time studies

Description:
pl

Specialities:

Accounting and Corporate Finance

University website: www.merito.pl/english/torun

⇑Why study Finance and Accounting at WSB Merito University in Toruń?

Why study it:

Programme: subjects you will meet
Specialisation: the only specialisation
Placements: how classes are run
After graduation: from the back office to your own practice

WSB Merito University in Toruń offers Finance and Accounting as a three-year bachelor's degree of six semesters, delivered in English. Full-time students attend on weekdays, mostly three or four days a week, so weekends stay free, while the hybrid mode adds online sessions on MS Teams to classes held in lecture rooms. It suits anyone leaving secondary school who pictures a future among ledgers, balance sheets and bank products.

Programme: subjects you will meet

The idea is to show how money behaves in a firm and on the market, so the timetable is built from these blocks:

financial analysis and corporate finance, which teach you to judge a company's asset position and weigh its risks against its profits
financial accounting, followed by the foundations of cost accounting and management accounting
banking and insurance, set beside public finance and international finance
taxes in business activity and the simplified forms of record-keeping
contracts in business dealings, plus a business game in which several subjects meet

Specialisation: the only specialisation

Accounting and Corporate Finance is the one specialisation attached to the programme, so there is no choice to agonise over.

Placements: how classes are run

Learning by doing

Teacherspractitioners from banks, firms and public offices
Methodsgroup projects, simulated market decisions and case studies
Toolscurrent technology of the kind real businesses use
Employersinternships and study visits that you can add to your CV

After graduation: from the back office to your own practice

Some graduates open their own accounting office or advisory business and sell services in finance, taxes and management. Others choose financial analysis and controlling, where the figures they prepare feed strategic decisions. A company or corporation will take you into its accounting department to handle documents, cost records and balance sheets, and banks and financial institutions look for people who can work with financial data, loans, investment and customers. Tax offices and public administration use knowledge of public finance and taxes, while audit firms and accounting offices want analysts who review documents, write reports and support controls.

Based on the programme pages at merito.pl.

⇑Test: Is Finance and Accounting the right fit for you?

⇑Definitions and quotes

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.

Wikipedia

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.

Wikipedia

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.

Wikiquote

Accounting

Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished; many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun.

Warren Buffett 1988 Chairman's Letter

Wikiquote

Accounting

… without idealism, politics becomes a form of accounting, a management of purely material interests.

Ian Buruma What’s Left After 1989?

Wikiquote