Warsaw, Poland

Master in Finance and Accounting

Master's
Table of contents
studentka-finansow-analizuje-raporty-finansowe-przy-biurku

⇑Master in Finance and Accounting at SGH

Language: PolishStudies in Polish
Subject area: economy and administration
Kind of studies: full-time studies, part-time studies
University website: ssl-www.sgh.waw.pl/en

⇑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.
Finance
Nothing in finance is more fatuous and harmful, in our opinion, than the firmly established attitude of common stock investors regarding questions of corporate management. That attitude is summed up in the phrase: "If you don't like the management, sell your stock." [...] The public owners seem to have abdicated all claim to control over the paid superintendents of their property.
Benjamin Graham, World Commodities and World Currencies (1944)
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
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