Cracow, Poland

Global Finance and Accounting

Master'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?

young-professionals-discussing-global-finance-reports-at-a-meeting-table

10 questions · two minutes

1. A subsidiary abroad reports in a different currency and under different accounting rules. How do you approach consolidation?

2. How do you feel about international financial reporting standards and how they differ from local rules?

3. A sudden exchange rate change hits the group’s profits. What would you propose?

4. Classes are in English, with classmates from many cultures. How do you feel?

5. How would you feel about analysing how a multinational shifts profits between countries and whether it is legal?

6. An investor asks you to compare two listed companies from different regions. What do you do?

7. How do you feel about working with auditors from several countries during a group audit?

8. New sustainability reporting requirements are introduced. How do you react?

9. How do you see your career after this Master’s?

10. What motivates you most to pursue a Master’s degree in 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
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
Accounting
… without idealism, politics becomes a form of accounting, a management of purely material interests.
Ian Buruma What’s Left After 1989?
Accounting
Si inaequalibus aequalia addas, omnia erunt inequalia.
If you add like to unlike you will always end up with unlike. Latin Adage, cited in Dialectic of Enlightenment, p. 4 Latin Adage, cited in Dialectic of Enlightenment, p. 4
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