Warsaw, Poland

Master in Finance and Accounting

Master's
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⇑Master in Finance and Accounting at Kozminski University

Language: EnglishStudies in English
Subject area: economy and administration
Kind of studies: full-time studies, part-time studies
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⇑Test: Is Master in Finance and Accounting the right fit for you?

finance-graduates-checking-figures-with-a-calculator

10 questions · two minutes

1. You’re analysing a company’s financial statements and notice that profit is rising while cash keeps falling. What do you do?

2. On a finance internship you’re asked to reconcile two statements that differ by a small amount. How do you approach it?

3. How would you describe your experience of accounting and finance so far?

4. On this Master’s you’ll analyse financial statements, write reports and defend investment recommendations in English, in an international environment with classmates from different countries. How does that sound?

5. Your manager suggests ‘moving’ some costs into the next period so the quarter looks better. How do you react?

6. The company is weighing up a major investment in a new production line. How do you help with the decision?

7. How comfortable are you with spreadsheets?

8. Tax rules or reporting standards change. How do you respond?

9. Where do you see yourself after your Master’s?

10. What motivates you most to pursue a Master’s degree in Master in Finance and Accounting?

⇑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.
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
Accounting reveals the state of the business. It is a kind of thermometer of its condition and its health. One must consult it continually. Every employee in the enterprise, from the lowest up to the Director, must know the results for that part of the service for which he is responsible.
Henri Fayol (1908). "L’exposee des principles generaux d’administration". Unpublished paper, translated by J.D Breeze. published in: Daniel A. Wren, Arthur G. Bedeian, John D. Breeze, (2002) "The foundations of Henri Fayol’s administrative theory", Management Decision, Vol. 40 Iss: 9, p. 910.
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
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

Contact:

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