Warsaw, Poland

Finance, International Investment and Accounting

Bachelor's
Table of contents
global-economy-concept-with-world-globes-currency-notes-coins-financial-setting

⇑Finance, International Investment and Accounting at UW

Language: EnglishStudies in English
Subject area: economy and administration
Kind of studies: full-time studies
University website: en.uw.edu.pl

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

finance-students-analysing-investment-charts-with-a-calculator-test

10 questions · two minutes

1. A company publishes its financial report. Which part do you open first?

2. How do you feel about reconciling a set of accounts down to the last cent?

3. A friend asks whether to put their savings into one company’s shares or into a broad investment fund. What do you say?

4. You hear that a central bank has raised interest rates. What comes to mind?

5. You need to compare three investment projects in a spreadsheet. How do you go about it?

6. The programme is taught in English, and your classmates come from many countries. How do you feel about that?

7. A company operates in several countries and earns money in different currencies. What interests you about it?

8. While checking documents, you notice that the same invoice has been booked twice. What do you do?

9. Which of these jobs appeals to you: auditor, investment analyst or financial controller in an international company?

10. What motivates you most to study Finance, International Investment 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.
International
International mostly means something (a company, language, or organization) involving more than a single country. The term international as a word means involvement of, interaction between or encompassing more than one nation, or generally beyond national boundaries. For example, international law, which is applied by more than one country and usually everywhere on Earth, and international language which is a language spoken by residents of more than one country.
Investment
In general, to invest is to allocate money (or sometimes another resource, such as time) in the expectation of some benefit in the future – for example, investment in durable goods, in real estate by the service industry, in factories for manufacturing, in product development, and in research and development. However, this article focuses specifically on investment in financial assets.
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.
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.
Accounting
These experiences are not 'religious' in the ordinary sense. They are natural, and can be studied naturally. They are not 'ineffable' in the sense the sense of incommunicable by language. Maslow also came to believe that they are far commoner than one might expect, that many people tend to suppress them, to ignore them, and certain people seem actually afraid of them, as if they were somehow feminine, illogical, dangerous. 'One sees such attitudes more often in engineers, in mathematicians, in analytic philosophers, in book keepers and accountants, and generally in obsessional people'.
The peak experience tends to be a kind of bubbling-over of delight, a moment of pure happiness. 'For instance, a young mother scurrying around her kitchen and getting breakfast for her husband and young children. The sun was streaming in, the children clean and nicely dressed, were chattering as they ate. The husband was casually playing with the children: but as she looked at them she was suddenly so overwhelmed with their beauty and her great love for them, and her feeling of good fortune, that she went into a peak experience . . .
Colin Wilson in New Pathways In Psychology, p. 17
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