Cracow, Poland

Global Finance and Accounting

Bachelor's
Table of contents
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⇑Global Finance and Accounting at UEK

Language: EnglishStudies in English
Subject area: economy and administration
Kind of studies: full-time studies, part-time studies
University website: uek.krakow.pl

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

finance-students-analysing-financial-charts-on-a-laptop

10 questions · two minutes

1. A friend’s small café keeps its receipts in a shoebox and has no idea whether it makes a profit. Would you help?

2. A company buys goods from a supplier abroad and pays in another currency. A month later the exchange rate has moved. What interests you?

3. How do you feel about reading a company’s balance sheet and income statement?

4. The total in your spreadsheet is slightly off, and the report is due tomorrow. What do you do?

5. A manager asks you to adjust the figures slightly so the quarter looks better. How do you react?

6. The programme is taught in English, and you’ll work on case studies with students from many countries. How do you feel about that?

7. Two companies follow different accounting rules, and you have to compare their results. Does that sound interesting?

8. You have some savings and can choose between a savings account, bonds and shares. How do you decide?

9. How would you feel about spending a few weeks helping auditors check a company’s accounts?

10. What motivates you most to study Global 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
It’s simply to say that managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
Warren Buffett 1982 Chairman's Letter
Finance
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
Accounting
There are only two things as complicated as insurance accounting and I have no idea what they are.
Andrew Tobias Chapter 2, By Popular Demand: A very Short Chapter On Insurance Accounting, p. 26.
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