MODULE CATALOG Bachelor in Finance and Accounting 2020/2021 Kozminski University - Undergraduate studies Finance and ...
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MODULE CATALOG
Bachelor in Finance and Accounting
2020/2021
Kozminski University
Last update: April 2020The purpose of the program is to produce technically competent professionals with high ethical standards and
a good business sense. Curriculum of the program combines the benefits of traditional accounting with a broad
range of business topics reflecting the expanding needs and responsibilities of finance professionals, allowing
students to face the challenges of an ever-changing global economic environment. Graduates of the bachelor
program can expect to have the widest possible range of career opportunities in all areas of business.
Graduates of the program benefit from exemptions from most of the papers on the Applied Knowledg e and
Applied Skills level ACCA Qualification (AB, MA, FA, LW, PM, FR, FM) and can expect to have a wide range of
career opportunities in all areas of business.
Thanks to the agreement signed between Kozminski University and CIMA based in London, students of Finance
and Accounting program at our University will have the opportunity to obtain an international management
accounting diploma.
Starting from October 2019, students will benefit from a financial laboratory based on Bloomberg’s technology.
They will have access to the full service and additional educational functions of the largest news agency in the
world, specializing in providing financial information. Thanks to this solution, the learning process will be based
on real analyses, indicators and information from all financial markets in the world.
The mobility window during the 5th semester allows students to participate in an international exchange
program (without the need to worry about program differences with the partner institution, due to the fact
that all major courses are taught in other semesters). The out-of-campus educational experience provides the
students with a well-rounded perspective of the teaching process, facilitates the acquaintance with global career
opportunities and expands the students’ professional and personal network of contacts.
During the second and third year, students are prompted to undertake a mandatory extended internship
program in order to hone the acquired knowledge and skills through on-the-job training. The University’s
career office as well as the program council invest their best efforts to facilitate student internship placement
with the track’s and University’s strategic partners like Goldman Sachs, BNP Paribas Securities Services, Citi.
The coursework is predominantly case-based thereby assuring that the acquired knowledge meets the up-to-
date expectations of the industry. Students train their skills in designing and calibrating financial models suited
to tackle computationally-intensive business problems, e.g., budgeting, investment project appraisal, costing,
pricing, valuation etc.
PROGRAM PARTNERS:
✓ Goldman Sachs
✓ BNP Paribas Securities Services
✓ S&P Global Ratings
✓ Crisil GR&A
DOUBLE DEGREE PROGRAMS:
✓ Lisbon School of Economics & Management (ISEG)
✓ Aston University
✓ University of Limerick
✓ Hong Kong Baptist University
✓ IESEG School of ManagementCode according
Code Learning Outcomes to 7 PRK
framework
Have knowledge of the interrelationships between different disciplines of knowledge
F/K1A_W01 P6S_WG
in finance and accounting field and the related disciplines
F/K1A_W02 Identify and define processes occurring within the structures of companies P6S_WG
Is able to define the relations between the state, the society and the economy,
F/K1A_W03 P6S_WK
including international relations
Is able to define and discuss interrelationships between economic entities and their
F/K1A_W04 P6S_WK
regulatory environment, including international regulation
F/K1A_W05 Has basic knowledge about an individual and it's decision making capabilities P6S_WG
Has knowledge of the views presented in the literature on social structures and
F/K1A_W06 P6S_WG
institutions in the area of finance and accounting
Has knowledge of the types of intellectual property and the regulations concerning
F/K1A_W07 P6S_WK
its protection
Has knowledge of the specificity of functioning of financial sector institutions,
F/K1A_W08 P6S_WG
including these in international market
Has knowledge of the position and significance of finance and accounting in economic
F/K1A_W09 P6S_WG
structures
F/K1A_W10 Has knowledge of tools for valuing economic resources P6S_WG
Has knowledge of the law and standards, both local and international, concerning
F/K1A_W11 P6S_WK
finance and accounting
F/K1A_W12 Has knowledge of the structure of financial statements P6S_WG
Has knowledge of the factors causing changes of the financial system structures and
F/K1A_W13 of the financial supervision system in various countries and in the international P6S_WK
market
F/K1A_W14 Has knowledge of the methods for establishing, setting and closing economic entities P6S_WK
Has knowledge of the methods for assessing the financial condition of economic
F/K1A_W15 P6S_WG
entities
Is able to interpret phenomena in finance and accounting taking into account their
F/K1A_U01 P6S_UW
wider context and relationships with other phenomenas of social and economic life
F/K1A_U02 Is able to organize, combine and interpret data from various sources P6S_UW
F/K1A_U03 Is able to locate source materials and other required data, and use it in analyses P6S_UW
Is able to suggest alternative solutions to identified problems in the area of finance
F/K1A_U04 P6S_UW
and accounting
Is able to analyses the causes of changes in the processes and phenomena in the field
F/K1A_U05 P6S_UW
of finance and accounting in national and international market
Is able to assess the impact of economic factors, including international ones, on the
F/K1A_U06 P6S_UW
value of economic resourcesF/K1A_U07 Is able to forecast economic and financial factors in managing business entities P6S_UW
F/K1A_U08 Is able to prepare a set of information useful in solving professional dilemmas P6S_UW
F/K1A_U09 Is able to use the accounting methods to prepare financial documents P6S_UW
Is able to analyse alternative solutions to a given problems in finance and accounting
F/K1A_U10 P6S_UW
and select the preferred alternative on the basis of defined decision criteria
F/K1A_U11 Is able to analyse and assess social phenomena in the area of finance and accounting P6S_UW
Is able to prepare a high quality documents on finance and accounting and current
F/K1A_U12 P6S_UK
problems of economic affairs in study language and other foreign language
Is able to prepare and carry out an oral presentation in the area of finance and
F/K1A_U13 P6S_UK
accounting in study language and another foreign language
Has linguistic skills in the field of finance and accounting in accordance with European
F/K1A_U14 P6S_UK
Language Levels (CEFR) for B2 level
Is able to apply the legal regulations, statutory and ethical norms in business decision
F/K1A_U15 P6S_UW
making process
Understands the need for continued self-development and knows the ways and
F/K1A_K01 P6S_UU
means for developing own skills and abilities
F/K1A_K02 Is able to assign priorities in the process of accomplishing tasks P6S_UO
F/K1A_K03 Is able to take part in social projects, including business ventures P6S_KO
Is able to identify and fill the gaps in stock of knowledge required to solve business
F/K1A_K04 P6S_KK
problems
F/K1A_K05 Is able to identify threats and opportunities in the environment of an economic entity P6S_KO
F/K1A_K06 Is able to work effectively as a team member P6S_UO
Is able to identify moral dilemmas associated with the finance and accounting
F/K1A_K07 P6S_KR
professions and solve them on the basis of moral values and professional regulations
BACHELOR IN FINANCE AND ACCOUNTING FULL-TIME PROGRAM
HOURS PER SEMESTER
COURSES
I II III IV VI VI
GENERAL COURSES 120 150 80 30 0 0
Business English for LCCI and Report Writing 60 60
Foreign language II - German /Polish/Spanish 60 60 60
Sports 30 30
Ethics in Finance and Accounting 20
CORE COURSES 165 195 30 0 0 0
Principles of Management 30
Preparing Financial Statements 30
Introduction to Organisational Behaviour 30
Microeconomics 30
Quantitative Methods I 45
Quantitative Methods II 30
Macroeconomics 30Corporate and Business Law 45
Financial Accounting 45
Principles of Finance 45
Statistics 30
MAJOR COURSES COMMON TO ALL MODULES 0 0 185 290 0 175
Financial and Tax Reporting 45
Managerial Accounting 45
Corporate Finance I 45
Startups and Business Plan 30
Preparation for Professional Qualifications ACCA/CFA/CIMA 20
Business Simulation Games 30
Corporate Finance II 30
Econometrics and Research Methods 45
VBA in Finance and Accounting 40
Auditing and Management Control 40
Performance Management 30
Financial Markets 45
Investments and Funds Operations 30
Financial Data Analytics 30
Valuation & Value Based Management 45
Financial Statement Analysis 30
Banking 30
Business Strategy Planning 30
Diploma Workshop 10
Internship - at least 3 weeks long, after 3rd semester
ELECTIVE COURSES
Opcjon I: Elective Courses 180
Opcjon 2: Extended Internship - minimum 12 weeks long
ECTS
COURSES
I II III IV VI VI
GENERAL COURSES 6 6 5 0 0 0
Business English for LCCI and Report Writing 3 3
Foreign language II - German /Polish/Spanish 3 3 3
Sports 0 0
Ethics in Finance and Accounting 2
CORE COURSES 24 24 4 0 0 0
Principles of Management 5
Preparing Financial Statements 5
Introduction to Organisational Behaviour 4
Microeconomics 5
Quantitative Methods I 5
Quantitative Methods II 5
Macroeconomics 5Corporate and Business Law 4 Financial Accounting 5 Principles of Finance 5 Statistics 4 MAJOR COURSES COMMON TO ALL MODULES 0 0 21 30 6 30 Financial and Tax Reporting 5 Managerial Accounting 5 Corporate Finance I 5 Startups and Business Plan 4 Preparation for Professional Qualifications ACCA/CFA/CIMA 2 Business Simulation Games 2 Corporate Finance II 4 Econometrics and Research Methods 4 VBA in Finance and Accounting 5 Auditing and Management Control 5 Performance Management 3 Financial Markets 5 Investments and Funds Operations 2 Financial Data Analytics 3 Valuation & Value Based Management 6 Financial Statement Analysis 4 Banking 6 Business Strategy Planning 3 Diploma Workshop 8 Internship - at least 3 weeks long, after 3rd semester 6 ELECTIVE COURSES 0 0 0 0 24 0 Opcjon I: Elective Courses 24 Opcjon 2: Extended Internship - minimum 12 weeks long 30
BACHELOR IN FINANCE AND ACCOUNTING FULL-TIME PROGRAM
GENERAL COURSES
Business English for LCCI and Report Writing
Year: 1st
Semester: Fall (1st), Spring (2st)
Number of hours: 60
Number of ECTS Points: 3
MODULE CONTENT
Market competition
Market research
Production
Pricing strategies
Customers choices
Promotion
Advertising
Sales
Management
Motivation theories
Human Resources
Distribution, transport and logistics
Company growth
International trade and globalization
Kinds of money
The Central Bank
Public finance
Corporate Finance
Saving and investing money
Preparation for the oral component of the LCCI exam
Preparation for the written component of the LCCI exam
LEARNING OUTCOMES
F/K1A_W01. understands the specificity of the professional terminology in the area of finance, accounting
and the related disciplines
F/K1A_U02. is able to combine information about a given topic present in a number of sources
F/K1A_U02. is able to obtain relevant information from various sources (handbooks, dictionaries, online
materials, statistics, business journals)
F/K1A_U13. is able to prepare and deliver an oral presentation on a given topic.
F/K1A_U13. is able to use the correct structure and language in a formal presentation
F/K1A_U14. has linguistic skills in English and English for Business and Finance at the B2+ level of the
Common European Framework of Reference
F/K1A_U14. is able to discuss selected topics in finance and accountingF/K1A_U14. is able to write a business report, memorandum, letter, notice, list of points, mails
F/K1A_K01. understands the need for developing better linguistic competence in Business English
F/K1A_K04. is able to find information sources relevant to the identified needs
F/K1A_K04. is able to overcome linguistic problems in the international communication
F/K1A_K04. is able to perform various social roles in a team (e.g. team leader and team member,
coordinator of team project, discussion moderator)
F/K1A_K04. is able to use different sources to file the gap in the competences
F/K1A_K06. can work as a team leader and plan a group project
F/K1A_K06. is able to work in culturally diversified teams
MODE OF ASSESSMENT
Written exam (open-ended questions, tasks) 60%
Presentation 20%
Tasks and discussions during the classes 20%
Spanish Language
Year: 1st, 2nd
Semester: Fall (1st), Spring (2nd), Fall (3rd)
Number of hours: 60
Number of ECTS Points: 3
MODULE CONTENT
Interpersonal communication presentation of an institution/company
Organisational structure of an institution/company
Management: styles principles functions and leadership roles
Oral communication within an organisation/firm: presentations, negotiations, huddles (organisation and participation),
discussions and debates over job-related cases
Written communication within a company/firm: memos, correspondence, reports, articles, announcements
CV, motivation letter, job interview
Intercultural communication. The culture of the countries, where Spanish is spoken as the first language
LEARNING OUTCOMES
F/K1A_W01. Is able to develop their vocabulary and they can refer to different disciplines in Spanish
F/K1A_W01. Knows about the interrelationships between different disciplines of knowledge in finance and
accounting
F/K1A_W01. understands the specificity of the professional terminology in the area of finance, accounting
and the related disciplines
F/K1A_U02. Has linguistic skills in Spanish and Spanish for Business and Finance at the B2+ level of the
Common European Framework of Reference
F/K1A_U02. is able to combine information about a given topic present in a number of sources
F/K1A_U02. Is able to interpret information obtained from a number of sources
F/K1A_U02. is able to obtain relevant information from various sources (handbooks, dictionaries, online
materials, statistics, business journals)
F/K1A_U02. is able to use different sources to study Spanish, they will have to combine materials to prepare
presentations
F/K1A_U02. Knows how to use and interpret the information from newspapers and magazinesF/K1A_U13. is able to prepare presentation in Spanish
F/K1A_U13. Is able to prepare and carry out an oral presentation in the area of finance and accounting in
study language and another foreign language
F/K1A_U13. Is able to prepare oral presentation concerning different subjects
F/K1A_U13. is able to prepare short presentation related to their studies and general life
F/K1A_U13. is able to use different materials to prepare the presentation
F/K1A_U13. is be able to concentrate more on general language skills and are not yet prepare to talk about
more specific areas in the foreign language.
F/K1A_U13. knows which materials should be used to prepare a good presentation in a foreign language
F/K1A_U14. has linguistic skills in Spanish and Spanish for Business and Finance at the B2+ level of the
Common European Framework of Reference
F/K1A_U14. is able to discuss selected business topics in an exam setting
F/K1A_U14. is able to write a business report, memorandum, letter, notice, list of points, mail in an exam
setting
F/K1A_K01. knows how to develop their skills
F/K1A_K01. understands that language study is a process and that they need to be constant to be successful
F/K1A_K01. understands that language study is a process
F/K1A_K01. understands the need for developing better linguistic competence in Business Spanish
F/K1A_K01. Understands the need for developing better linguistic competence in general Spanish
F/K1A_K04. is able to overcome linguistic problems in the international communication
F/K1A_K04. is able to concentrate more on general language skills
F/K1A_K04. is able to find information sources relevant to the identified needs
F/K1A_K04. is able to identify information needs for a given task
F/K1A_K06. is able to collaborate with others
F/K1A_K06. is able to perform various social roles in a team (e.g. team leader and team member,
coordinator of team project, discussion moderator)
F/K1A_K06. is able to work in culturally diversified teams
F/K1A_K06. knows how to collaborate with others
MODE OF ASSESSMENT
Workshop 40%
Written exam (open-ended questions, tasks) 60%
German Language
Year: 1st, 2nd
Semester: Fall (1st), Spring (2nd), Fall (3rd)
Number of hours: 60
Number of ECTS Points: 3
MODULE CONTENT
Interpersonal communication presentation of an institution/companyOrganizational structure of an institution/company
Management: styles principles functions and leadership roles
Oral communication within an organization/firm: presentations, negotiations, huddles (organization and participation),
discussions and debates over job-related cases
Written communication within a company/firm: memos, correspondence, reports, articles, announcements
CV, motivation letter, job interview
Intercultural communication. The Culture of German-speaking countries
LEARNING OUTCOMES
F/K1A_W01. understands the specificity of the professional terminology in the area of finance, accounting
and the related disciplines
F/K1A_U02. has linguistic skills in German and German for Business and Finance at the B2+ level of the
Common European Framework of Reference
F/K1A_U02. is able to combine information about a given topic present in a number of sources
F/K1A_U02. is able to interpret information obtained from a number of sources
F/K1A_U02. is able to obtain relevant information from various sources (handbooks, dictionaries, online
materials, statistics, business journals)
F/K1A_U02. is able to organize, combine and interpret data from various sources and can express it in
German
F/K1A_U12. is able to prepare a proper documents on finance and accounting and current problems of
economic affairs in German
F/K1A_U12. is able to prepare documents on current problems of economic affairs in German.
F/K1A_U13. is able to prepare a proper oral presentation in German about studies using professional
terminology in the field of finance and accounting using multimedia presentation software
F/K1A_U13. is able to prepare and carry out an oral presentation in the area of finance and accounting in
study language and in German
F/K1A_U14. has linguistic skills in German and German for Business and Finance at the B2+ level of the
Common European Framework of Reference
F/K1A_U14. has linguistic skills in the field of finance and accounting in accordance with European Language
Levels (CEFR) for B1+ level
F/K1A_U14. is able to discuss selected business topics
F/K1A_U14. Is able to discuss selected business topics in an exam setting
F/K1A_U14. is able to write a business report, memorandum, letter, notice, list of points, mail
F/K1A_K01. understands the need for continued self-development and knows the ways and means for
developing own skills and abilities
F/K1A_K01. Understands the need for developing better linguistic competence in Business German
F/K1A_K01. Understands the need for developing better linguistic competence in general German
F/K1A_K04. is able to find information sources relevant to the identified needs
F/K1A_K04. is able to identify and fill the gaps in stock of knowlege required to solve business problems
F/K1A_K04. is able to identify information needs for a given task
F/K1A_K04. is able to overcome linguistic problems in the international communication
F/K1A_K06. is able to communicate effectively as a team member
F/K1A_K06. is able to communicate in culturally diversified teams
F/K1A_K06. is able to perform various social roles in a team (e.g. team leader and team member,
coordinator of team project, discussion moderator)
F/K1A_K06. Is able to work in culturally diversified teams
MODE OF ASSESSMENTTasks and discussions during the classes 20%
Test (closed-ended questions) 20%
Written exam (open-ended questions, tasks) 60%
Sports
Year: 1st 2nd
Semester: Spring (2st, 4th)
Number of hours: 30
Number of ECTS Points: 0
MODULE CONTENT
Providing the student with information helpful in assessing their own physical condition.
Developing the skills related to playing football, volleyball, basketball, handball.
Learning the basics of self-defence.
Basics of table tennis and tennis, aerobics.
Safety rules in the gym.
General development exercises outdoors in the gym as well as extending exercises with the use of lifts, athletics
exercises.
LEARNING OUTCOMES
F/K1A_K06. is able to cooperate effectively in a team
F/K1A_K06. is able to cooperate in a team, selecting for themselves the appropriate function: the leader,
subordinate
MODE OF ASSESSMENT
Workshop 100%
Ethics in Finance and Accounting
Year: 2nd
Semester: Fall (3rd)
Number of hours: 20
Number of ECTS Points: 2
MODULE CONTENT
Ethical dilemmas
Professional scepticism
External and internal drivers for a more ethical performance. Emerging issues in business and society that relate to
business ethics. Sustainable Capitalism
Bribery and whistleblowing. The function of compliance
The responsibilities of compliance officers. Compliance policies.
Socially responsible investment and ESG (Environmental, social, governance) issues. Sustainability trends in investment.
Do investors care about sustainability? Respect Index, FTSE4GOOD, DJSI.
Responsible Lending Standards in financial institutions. Standards in Project Finance: Equator Principles. Principles of
Sustainable Banking. UN PRI.
Impact Investment market. Principles for Investors in Inclusive Finance. CSR Reports in the Financial Industry
Translating ESG into sustainable business value. SRI Capability. Climate Change ‚ corporate initiatives
LEARNING OUTCOMESF/K1A_W03. is familiar with the different concepts of value: shared value, sustainable value, stakeholder value
F/K1A_W03. is familiar with the relationships of the company with its various stakeholders
F/K1A_W04. is able to discuss interrelationships between long-term corporate strategy on sustainability and
changes in the legal framework
F/K1A_W04. is able to discuss the role of business in society in the frame of regulatory environment
F/K1A_W06. has knowledge about ethical initiatives on the global market
F/K1A_W06. has knowledge about key business ethics concepts
F/K1A_W06. understands the strategic role of ethic in finance and accounting
F/K1A_U13. is able to prepare and deliver a high quality oral presentation in English on a business ethics
topic
F/K1A_U13. is able to use professional terminology in the field of business ethics
F/K1A_U15. is able to apply various instruments to prepare, report and analyze ethical, environmental, social
information
F/K1A_U15. is able to recommend ethical solutions in a turbulent environment
F/K1A_K05. is able to assess the ethical and social impact of the decisions made
F/K1A_K05. is able to present arguments for the necessity of aligning corporate strategy more closely with
the ethical values shared by employees and other stakeholders
F/K1A_K07. is able to identify and evaluate critically moral dilemmas associated with the finance and
accounting professions
F/K1A_K07. is able to solve ethical dilemmas on the basis of moral values and professional regulation
MODE OF ASSESSMENT
Written exam (open-ended questions, tasks) 75%
Presentation 25%
CORE COURSES
Principles of Management
Year: 1st
Semester: Fall (1st)
Number of hours: 30
Number of ECTS Points: 5
MODULE CONTENT
Management functions, roles of managers and leaders.
Formalisation: mechanisms, merits and pitfalls. Bureaucracy.
Structures and structuring of organizations.
Resources and processes. Operations management: key concepts stages challenges.
External and internal, material and social equilibrium in dynamically evolving organisations.
Human side of organisation: people and motivation.
Information, knowledge and wisdom. Knowledge management.
Organisational culture.
Intercultural management.
Change, development and strategy.Innovation and entrepreneurship.
Organisational life cycle
Summary
LEARNING OUTCOMES
F/K1A_W02. is able to describe the role of leadership in management processes
F/K1A_W02. is able to identify and describe basic management processes
F/K1A_W02. is able to identify and describe different organizational structures and their consequences
F/K1A_W05. knows the basic types of human behaviour in organisations
F/K1A_W05. knows the challenges of decision making in organisations
F/K1A_W05. knows the types of motivation that affect human behaviour in organisations
F/K1A_U02. is able to combine information about an organisation from a number of sources
F/K1A_U02. is able to gather data about an organisation from various sources
F/K1A_U02. is able to use a number of sources in the analysis of an organisation
F/K1A_U13. is able to find sources for a high quality oral presentation concerning a specific issue of
management
F/K1A_U13. is able to prepare a high quality oral presentation concerning a specific issue of management
F/K1A_K05. is able to identify opportunities to the organisation arising from its internal or external
environment
F/K1A_K05. is able to identify threats to the organisation arising from its internal or external environment
F/K1A_K05. is able to suggest solutions to strengthen the organisation against the threats and enable it to
exploit the opportunities
F/K1A_K06. is able to collaborate in a group
F/K1A_K06. is able to learn from other group members
F/K1A_K06. is able to reflect on one development and role in the group
MODE OF ASSESSMENT
Tasks and discussions during the classes 20%
Written exam (open-ended questions, tasks) 80%
Preparing Financial Statements
Year: 1st
Semester: Fall (1st)
Number of hours: 7
Number of ECTS Points: 5
MODULE CONTENT
Recording business transactions.
Deferred expenses and deferred revenues. Adjusting and closing entries.
Cash flow
Valuation of assets and liabilities.
Financial statements analysis interpretation of financial information Limitations of financial analysis.
Accounting for merchandising business.Forming a Company, Business Organization and its Structure
Introduction to Company Reports and Accounting
The History and Purpose of Accounting in Business
Specific Functions of Accounting and Internal Financial Control
The Context and Purpose of Financial Reporting
Preparing Basic Financial Statements (P&L account, cash flow statement, balance sheet)
An Introduction to the Use of Double-Entry ‚ Book-keeping Principles.
Recording Transactions and Events. Trial Balance.
Assets, Tangible and Intangible Non-current Assets, and Current Liabilities
Accrual Accounting and Cash Accounting. Accruals and prepayments.
An Introduction to Basic Financial Ratios
Tax reporting
LEARNING OUTCOMES
F/K1A_W01. has in-depth knowledge of the purpose of three basic financial statement, and how they are
used by various stakeholders
F/K1A_W01. has knowledge of principles, methods and tools of preparing a financial statements
F/K1A_W06. has knowledge of the different methods for assessing the financial condition of economic
entities
F/K1A_W06. has knowledge of the methods for assessing the financial conditionof economic entities
F/K1A_W06. understands the history of accounting, and the purpose of financial reporting
F/K1A_W06. understands the history of accounting, and the purpose of financial reporting in the economy
F/K1A_W12. knows what tools are used in preparing financial statements and why
F/K1A_W12. knows what tools may be used in preparing financial statements
F/K1A_W12. understands fundamental principles and concepts of financial statements including preparation
and interpretation, and the conceptual regulatory framework of financial reporting
F/K1A_W12. understands of fundamental principles and concepts of financial statements including
preparation and interpretation, and the conceptual regulatory framework of financial reporting
F/K1A_W15. knows critical role of accounting principles and techniques as a function in running a business
F/K1A_W15. knows critical role of accounting principles and techniques as a function of business evaluation
and control
F/K1A_W15. knows critical role of accounting principles and techniques in the function of a business in an
organization
F/K1A_W15. understands critical role of accounting principles and techniques in the function of a business in
an organization.
F/K1A_U01. is able to apply accounting principles and techniques to identify flaws in the quality of
information in company accounts
F/K1A_U01. is able to apply the double entry system as applicable under the accounting treatments as
prescribed by IFRS
F/K1A_U05. is able to identify and describe specific functions and use of accounting systems in an
organization
F/K1A_U05. is able to prepare financial statements of single entities and account for their key elements
complying with IFRS
F/K1A_U09. has knowledge about approach Company accounts in a structured way in order to derive useful
information about the company financial position/performance
F/K1A_U09. is able to identify the key trends, reasons and possible implications of these trends
F/K1A_U09. is able to review a set or extracts of financial statements and calculate ratiosF/K1A_U09. is able to review a set or extracts of financial statements and calculate ratios thereby
identifying/ advising on the key trends, reasons and possible implications of these trends
F/K1A_K01. is able to apply modern IT tools in preparing and analyzing financial statements
F/K1A_K01. is able to identify and use the sources for updating knowledge in financial accounting
F/K1A_K01. is able to perform critical thinking
F/K1A_K01. knows different techniques of identifying opportunities
F/K1A_K02. is able to perform effective decision making and problem solving ability
F/K1A_K02. is able to work effectively in teams to solve common tasks while prioritizing
F/K1A_K05. is able to identify and assess dilemmas occurring in organizational management
F/K1A_K05. is able to use financial statements to assess performance
F/K1A_K05. understands advantages and disadvantages of different accounting tools and techniques
F/K1A_K05. understands the limitations of ratio financial analysis
MODE OF ASSESSMENT
Introduction to Organisational Behaviour
Year: 1st
Semester: Fall (1st)
Number of hours: 30
Number of ECTS Points: 4
MODULE CONTENT
Theory of administrative behavior
Task performance and team management: leveraging individual differences for the overall benefit of the organisation
Principles of successful team building in the workplace. Team roles.
Management by objectives: expectancy, self-efficacy, attitudes to work,
Organisational justice performance & pecuniary rewards
Time management
Conflict management. Communication as a key instrument for promoting organisational cohesion.
Continuous improvement. Life-long learning as a key to career progress and employability. Framework, priorities and
routines assuring life-long learning within an organisation
Work-life balance. Job satisfaction
The role of values in organisational behaviour
Perceptions. Groups and individual decision making.
Ethical issues in organisational management: political connections, compliance and CSR
LEARNING OUTCOMES
F/K1A_W02. has essential knowledge of the key theoretical strands in the domain of organisational behavior
F/K1A_W02. is aware of the role of leadership in stimulating the organisational learning, continuous
improvement and team performance
F/K1A_W02. knows how organisational structure impact the company performance scorecard
F/K1A_W05. knows the principles of team building, organisational justice and organisational learning
F/K1A_W05. knows the tenets of motivational theory
F/K1A_W06. knows the principles of team building, organisational justice and organisational learningF/K1A_W06. knows the tenets of motivational theory
F/K1A_U01. is able to identify areas of organisational learning requiring remedial action on the part of
leadership
F/K1A_U01. is able to induce organisational changes aimed at asuring continuous improvement in
organisational practices and routines
F/K1A_U01. is able to manage conflict on the workplace
F/K1A_U11. is able to initiate organisational changes aimed at assuring continuous learning within an
organisation
F/K1A_U11. is able to manage multiple tasks under time pressure and strict deadlines
F/K1A_U11. is able to set priorities and objectives aimed at ameliorating organisational performance
F/K1A_K02. is able to distribute tasks between team members
F/K1A_K02. is able to effectively manage a team
F/K1A_K02. is able to set objectives and monitor their execution
MODE OF ASSESSMENT
Test (closed-ended questions) 65%
Case study 35%
Microeconomics
Year: 1st
Semester: Fall (1st)
Number of hours: 30
Number of ECTS Points: 5
MODULE CONTENT
The economic problem: scarce resources and unlimited wants. Opportunity costs. Production possibility frontier.
Economic systems.
Economic decision makers
Demand, supply and market equilibrium. Demand and supply elasticity: typology of goods. The impact of market
regulations (price limits, taxes, subsidies etc.) on market equilibrium.
Determinants of demand and supply
PART II: Consumer choice analysis
Budget constraint
Indifference curves
Utility theory
Optimal consumer choice. Individual demand for goods.
PART III: Market Structures and Pricing
Production costs analysis: isocosts and isoquants short- and long-term costs total, average and marginal costs.
Profit maximisation
Perfect competition
Monopoly and price discrimination
Market entry and monopolistic competition
Oligopoly and strategic behaviour. Nash equilibrium. Cournot, Bertrand and Stackelberg models of oligopoly.
PART IV: Market failuresExternalities
Public goods
Natural monopoly
Inormation asymmetry
PART V: general equilibrium and welfare. Edgeworth box.
LEARNING OUTCOMES
F/K1A_W02. is able to identify, define and understand the core processes (managerial, decision-making,
organizational, production etc.) taking places within companies
F/K1A_W02. is able to think critically how to adapt the companies' core processes according to the specific
industry sector
F/K1A_W04. is able to understand, interpret and explain how the price system determines the production
and consumption of goods and services, as well as the allocation of resources
F/K1A_W04. is familiar with the relationships within different market structures
F/K1A_W04. knows the regulatory constraints faced by companies
F/K1A_W05. has knowledge about the concept of homo oeconomicus
F/K1A_W05. has knowledge how decisions are made on the basis of the rational selfinterest principle
F/K1A_W09. has knowledge of the firm-level decision making patterns under diverse market environments
F/K1A_W09. is aware of the financial/budgetary constraints faced by firms
F/K1A_W10. has knowledge about resource markets, including labour market
F/K1A_W10. is familiar with how economic factors deal with limited resources to satisfy unlimited needs
F/K1A_W14. has knowledge of the firm-level decision making patterns under diverse market environments
F/K1A_W14. is aware of the financial/budgetary constraints faced by firms
F/K1A_U03. is able to analyze, collect and synthesize information from different sources including mass
media and internet
F/K1A_U03. is able to examine and interpret basic economic data, including the variety of graphical
representations
F/K1A_U06. is able to apply analytical tools as participants in the political process in order to anticipate
effects of proposed economic policies
F/K1A_U06. is able to compare and contrast price and quantity determination under different market
structures such as Perfect Competition and Monopoly
F/K1A_U06. is able to determine the profit maximizing price and quantity for firms
F/K1A_U06. is able to present and analyze the microeconomic situation of a single market using economics
models, including those describing the markets of production factors
F/K1A_U13. is able to clearly communicate the outcome of economic analysis in an oral presentation
F/K1A_U13. is able to use appropriate presentation techniques
F/K1A_K06. is able to effectively manage a team project
F/K1A_K06. is able to take part in a team effort
MODE OF ASSESSMENT
Written exam (open-ended questions, tasks) 60%
Written assignment (project, report, essay, review) 20%
Presentation 20%Quantitative Methods I
Year: 1st
Semester: Fall (1st)
Number of hours: 45
Number of ECTS Points: 5
MODULE CONTENT
Use of calculus for one-variable functions (differentiation, elasticity, marginal changes, and turning points)
Optimisation using calculus. Graphical solutions.
Matrices. Definition of a matrix. Operations with matrices.
Definite and indefinite integration
Determinant of a matrix. Definition, methods of calculation, properties.
Application of calculus to economic modeling
Inverted matrix
Markov chains, Markov processes: application in economics and management
Solution of simultaneous equations
Single variable functions: definition, graphs and properties
Series and progressions. Reference to simple and compound interest
LEARNING OUTCOMES
F/K1A_W10. has basic knowledge in the measurement of relationship between mathematically described
parameters characterising the business environment
F/K1A_W10. knows the fundamental mathematical tools relevant for finance and accounting
F/K1A_W15. knows which mathematical tools are useful for specific business decisions
F/K1A_W15. understands the role of mathematical methods in analysing and interpreting the results of
business model calculations
F/K1A_U02. is able to collect quantitative information relevant to the problem at hand
F/K1A_U02. is able to define business problems in a manner that allows them to be solved with
mathematical tools
F/K1A_U02. is able to take into account the impact of uncertainty on the solution to a pre-specified
problem
F/K1A_U10. is able to determine the preferred solution to a business problem with the use of quantitative
methods
F/K1A_U10. is able to interpret the results of quantitative methods in a defined business setting
F/K1A_U10. is able to select mathematical tools appropriate for a given business problem
F/K1A_K01. is familiar with the ways and means for developing knowledge and skills in mathematics and
quantitative methods
F/K1A_K01. understands the need for continued self-development in the area of mathematical an
quantitative skills
F/K1A_K02. is able to analyse and evaluate business data using mathematical apparatus
F/K1A_K02. is able to and communicate the result of the analysis in the appropriate logical form
F/K1A_K02. is able to assign priorities in the process of solving a quantitative problem
F/K1A_K04. is able to identify the information lacking in the solution of a business problem
F/K1A_K04. is able to recognise the ethical issues related to distinguishing between the results of the
analysis and their interpretation
MODE OF ASSESSMENTCase study 100%
Quantitative Methods II
Year: 1st
Semester: Spring (2nd)
Number of hours: 30
Number of ECTS Points: 5
MODULE CONTENT
Partial differentiation
First-order differential equations
Modeling the behavior of heterogenous agents
Utility functions. Optimisation of agents choices
LEARNING OUTCOMES
F/K1A_W10. has essential knowledge of multivariable calculus
knows how to account for uncertainty in the models of intertemporal decisions of
F/K1A_W10. heterogenous economic agents
F/K1A_W10. knows the algorithms of optimisation of agents choices
F/K1A_W15. knows the properties of first-order differential equations
understands the role of calculus in modeling the behavior of heterogenous economic agents
F/K1A_W15. under conditions of uncertainty
is able to define business problems in a manner that allows them to be solved with
F/K1A_U02. mathematical tools
F/K1A_U02. is able to take into account the impact of uncertainty on the behavior of economic agents
F/K1A_U02. is able to use multivariable calculus for the purposes of economic modeling
is able to determine the preferred solution to a business problem with the use of quantitative
F/K1A_U10. methods
is able to interpret economic models of intertemporal decision making of heterogenous agents
F/K1A_U10. under conditions of uncertainty
F/K1A_U10. is able to select mathematical tools appropriate for a given business problem
is familiar with the ways and means for developing knowledge and skills in mathematics and
F/K1A_K01. quantitative methods
understands the need for continued self-development in the area of mathematical an
F/K1A_K01. quantitative skills
F/K1A_K02. is able to analyse and evaluate business data using mathematical apparatus
F/K1A_K02. is able to and communicate the result of the analysis in the logical, appropriate form
F/K1A_K02. is able to assign priorities in the process of accomplishing a quantitative task
F/K1A_K04. is able to identify the information lacking in the solution of a business problem
is able to recognize the ethical issues related to distinguishing between the results of the
F/K1A_K04. analysis and their interpretation
MODE OF ASSESSMENT
Written exam (open-ended questions, tasks) 100%Macroeconomics
Year: 1st
Semester: Spring (2nd)
Number of hours: 24
Number of ECTS Points: 5
MODULE CONTENT
National accounts. Ways of measuring national income. Purchasing power parity.
Determinants of national income
Function of aggregated demand. AD/AS model. Determinants of aggregate demand and aggregate supply.
Role of fiscal policy and foreign trade for aggregated demand
Theory of multiplier in open and closed economy
Money and banking system
Central bank and its role in financial system
Monetary policy ‚ goals, institutions, instruments
Non-conventional monetary policy. Quantitative easing.
Inflation ‚ theory and counter inflation policy
Labour market, theory of unemployment
Inflation and unemployment - short and long term Philips curve
Open economy, balance of payments, exchange rate theory
Mundell-Fleming model
IS-LM model. General market equilibrium
Theory of business cycle in market economy. Economic growth. Stabilisation policies.
Irrational exuberance on the financial markets as a determinant of business cycles
The impact of macroeconomic policies on asset prices
Schools of thought: Keynesian, neoclassical, monetarist, supply-side macroeconomics, structuralist theory
Recent developments in macroeconomic theory
LEARNING OUTCOMES
F/K1A_W03. is able to use the forecasts of macroeconomic variables for the purposes of predicting the
financial standing and performance of a company
F/K1A_W03. knows how the national economy works
F/K1A_W03. knows professional terminology in the domain of macroeconomics
F/K1A_W09. is able to describe the trends and phenomena shaping the development of the contemporary
global economy
F/K1A_W09. is familiar with the recent developments in macroeconomic theory
F/K1A_U02. is able to apply the knowledge in the area of macroeconomics for the purposes of normative
policy analysis
F/K1A_U02. is able to interpret major macroeconomic variables
F/K1A_U06. is able to determine the impact of macroeconomic variables on specific financial parameters of
a company
F/K1A_U06. is able to explain how macroeconomic variables evolve over time
F/K1A_U06. is able to explain the link between macroeconomic variables and financial situation of a business
F/K1A_U08. is able to obtain forecasts of core macroeconomic variablesF/K1A_U08. is able to use professional materials like reports or data bases
F/K1A_K06. is able to take part in a professional discussion
F/K1A_K06. is able to use professional materials like reports or data bases
Corporate and Business Law
Year: 1st
Semester: Spring (2nd)
Number of hours: 45
Number of ECTS Points: 4
MODULE CONTENT
The law of tort
Principles of administrative and regulatory law
Corporate Law legal forms of business
International trade: regulatory framework and potential conflict of laws dispute resolution mechanisms in international
trade agreements
International trade transactions: contracts trade credit documentation
Transportation and insurance: freight jurisdiction-specific regulations incoterms
Constitution of a company: share capital, loans, dividend law
Company meetings and resolutions
Liability of directors and officers
Agency law
Mergers & acquisitions: legal framework key players documentation
The typology of taxes
Tax avoidance and tax evasion: Optimisation of tax burden
Joint Ventures: advantages and possible complications from the legal perspective
Publicity in business transactions: Non-Disclosure Agreements and due diligence processes
Employment law: contract types termination anti-discrimination provisions regulations related to work agencies
protection of employees’ rights by means of legal action
LEARNING OUTCOMES
F/K1A_W07. has knowledge on application of contractual concepts in situations customary for managers, like
the conclusion of NDAs, LOIs and preliminary agreements
F/K1A_W07. knows fundamental legal concepts like contractual obligations, ‚Äúprecontractual‚ÄĚ
obligations, representation etc.
F/K1A_W11. is familiar with the classification and specificity of various legal forms of business
F/K1A_W11. is familiar with the legal regulations associated with mergers & acquisitions and joint ventures
F/K1A_W14. has knowledge of legal regulations associated with establishing a business entity
F/K1A_W14. is familiar with the concept of a corporation, the rights and duties of its shareholders, directors
and officers
F/K1A_W15. is aware of the key provisions of employment regulations
F/K1A_W15. is familiar with the legal issues inherent in international business transactions
F/K1A_W15. knows the fundamentals of agency law
F/K1A_U09. is able to improve managerial decisions by appropriately accounting for the impact of legal
aspectsF/K1A_U09. is able to structure an international trade deal and identify the legal issues arising thereof
F/K1A_U09. is able to understand the mechanism and the importance of due diligence
F/K1A_U15. is able to avoid the common pitfalls of legal nature in the international business transactions
F/K1A_U15. is able to combine economic and legal analysis, acknowledging their close interaction
F/K1A_U15. understands the principle of limited liability
F/K1A_K07. is able to identify and solve the problems of legal nature inherent in the international business
transactions
F/K1A_K07. is able to interpret the regulations applicable within specific business settings
F/K1A_K07. is familiar with the dispute resolution mechanisms applicable in a specific business transaction
MODE OF ASSESSMENT
Oral exam 40%
Oral exam 60%
Principles of Finance
Year: 1st
Semester: Spring (2nd)
Number of hours: 45
Number of ECTS Points: 5
MODULE CONTENT
Types of financial markets. Markets for loanable funds. Intermediated and direct lending.
Time value of money
Simple interest and its applications in finance
Valuation of money market instruments
Annuity and its applications (savings accounts, retirement planning, investment products, asset valuation)
Perpetuities.
Personal finance and wealth management: an overview of financial instruments
Introduction to the valuation of financial instruments: valuation of plain vanilla capital market instruments
The notion of arbitrage and its role in asset pricing
The notion of risk topology of risks introduction to financial risk management
Introduction to derivatives: types of contracts, transacting parties, mechanisms of the derivatives markets.
Introduction to portfolio theory. The benefits of diversification
Introduction to public finance.
LEARNING OUTCOMES
F/K1A_W08. is able to discuss financial issues with other members of the group
F/K1A_W08. is familiar with the types of financial sector institutions and their functions
F/K1A_W13. has knowledge about the different supervision systems around the world
F/K1A_W13. has knowledge about the supervision issues in the international markets
F/K1A_W13. is familiar with the macroeconomic factors that cause changes in the financial system structures
in different countriesF/K1A_U02. is able combine and interpret the collected data and use them in financial analysis and financial
instruments valuation
F/K1A_U02. is able to analyse and interpret fundamental financial data in valuation and risk assessment
F/K1A_U02. is able to identify professional data sources needed in analysis of financial markets and
instruments
F/K1A_U03. is able to locate the sources of capital markets information and use it in analyses of capital
markets instruments
F/K1A_U03. is able to locate the sources of money market information and use it in analyses of money
market instruments
F/K1A_K06. is able to discuss financial issues with other members of the group
F/K1A_K06. is able to participate in case studies analysis as a team member
MODE OF ASSESSMENT
Case study 20%
Test (closed-ended questions) 80%
Statistics
Year: 2nd
Semester: Fall (3rd)
Number of hours: 30
Number of ECTS Points: 4
MODULE CONTENT
Statistical survey.
Grouping data.
Graphs and charts. Data visualisation.
Measures of Central Tendency /mean, mode, median, lower and upper quartiles/.
Measures of Variations /standard deviation, variance, quartile deviation/.
Skewness and measures of asymmetry.
Statistical methods in solving problems from different areas (management, finance, banking, HR, economics).
Comprehensive analysis of the population in respect of one variable.
Comparative analysis of two different populations in respect of one variable.
Correlation.
Paired data and scatter diagrams. The Pearson correlation coefficient and the Spearman (rank) coefficient.
Correlation in the table.
Linear regression model, predictions, standard error of estimate.
Time series analysis.
Measures of dynamics. Individual and aggregate indexes.
Some economic indexes /price, quantity and value index/.
Laspeyres, Paasche and Fisher indexes.
Linear trend function. Standard error of estimate.
Solving the statistical problems using computer software
Predictive analytics. Business analytics.
Written testLEARNING OUTCOMES
F/K1A_W15. knows how to assess the condition of an enterprise using different descriptive parameters with
taking into account time series analysis
F/K1A_W15. knows the most frequently used measures of central tendency and measures of variability
F/K1A_U02. is able to analyse and interpret descriptive statistics
F/K1A_U02. is able to make relevant conclusions relying on the outcomes of statistical analysis
F/K1A_U03. is able to gather the proper materials and use them to make a comparative analysis of two or
more populations/samples
F/K1A_U03. is able to locate source materials and other required data
F/K1A_U03. is able to make a comprehensive analysis of the given population/sample
F/K1A_U10. is able to collect and analyse the data, which is needed to support the decision making process
in finance and accounting
F/K1A_U10. is able to use the computer software to facilitate the data analysis in decision making process
F/K1A_K01. knows the ways and means for developing own skills and abilities in analyzing different sets of
data in finance and accounting
F/K1A_K01. understands the need for continued self-development
F/K1A_K06. is able to conduct a statistical survey and work on it in a team as a leader or a member
F/K1A_K06. is able to define an appropriate problem, analyse it and discuss the results of statistical analysis
in a team
MODE OF ASSESSMENT
Written exam (open-ended questions, tasks) 50%
Written assignment (project, report, essay, review) 30%
Workshop 20%
MAJOR COURSES COMMON TO ALL MODULES
Financial and Tax Reporting
Year: 2nd
Semester: Fall (3rd)
Number of hours: 45
Number of ECTS Points: 5
MODULE CONTENT
Presentation of financial statements
Impairment of assets
Statement of financial position- Inventory and biological assets- Financial instruments- Leasing
Statement of property, plant and equipment- Tangible non-current assets- Intangible assets. Revaluation and disposal
of non-current assets.
Statement of financial performance- Reporting financial performance Revenue
Statement of cash flows
Group financial statements- The concepts and principles of groups and consolidated financial statements- Preparation
of consolidated financial statements including an associate
Notes and disclosures to financial statements- Provisions and events after the reporting period
Corporate income tax. Calculation of tax liabilities.VAT in business transactions. Calculation of VAT liabilities. Tax refunds.
LEARNING OUTCOMES
F/K1A_W11. is familiar with the specific IFRS standards concerning the preparation of financial statements
F/K1A_W11. is familiar with the structure of the IFRS and their development process
F/K1A_W12. is familiar with the assumptions applied in constructing financial statements
F/K1A_W12. understands financial statements published by companies
F/K1A_K07. is able to discuss alternative judgements and decisions concerning the accounting treatment of
transactions
F/K1A_K07. is able to identify moral dilemmas in the application of the IFRS
F/K1A_U09. is able to access the impact of transactions on financial statements
F/K1A_U09. is able to prepare financial statements using accounting inforrmation in accordance with IFRS
F/K1A_U12. is able to prepare short texts discussing the treatment of transactions in financial statements
with reference to the IFRS
F/K1A_U12. is able to prepare the elements of financial statements
F/K1A_U15. is able to apply the IFRS to the preparation of consolidated financial statements
F/K1A_U15. is able to apply the IFRS to the preparation of the elements of financial statements
F/K1A_K07. is able to discuss alternative judgements and decisions concerning the accounting treatment of
transactions
F/K1A_K07. is able to identify moral dilemmas in the application of the IFRS
MODE OF ASSESSMENT
Case study 20%
Presentation 20%
Written exam (open-ended questions, tasks) 60%
Managerial Accounting
Year: 2nd
Semester: Fall (3rd)
Number of hours: 32
Number of ECTS Points: 5
MODULE CONTENT
Nature and purpose of management accounting
Financial Vs Managerial accounting
Expanding and changing role of management accounting
Product costing and pricing: an overview of the key concepts
Introduction to Activity Based Costing ‚ A tool to Aid Management Decision Making (ABC)
Identifying appropriate cost drivers, and computing cost per driver & per unit under ABC
ABC and traditional methods of overhead absorption based on production units, labour hours and machine hours
Cost behavior, Analysis and Use
Variable and Fixed cost, and Mixed cost analysis
Methods for separating mixed costs into Fixed and Variable Components
The contribution formatTarget Costing and cost plus pricing Target costing in manufacturing and service industries Closing target cost gap Life-Cycle Costing Life cycle costing in manufacturing and service industries Identifying costs at different stages of the life cycle and assessing benefits Throughput Accounting Computing and interpreting throughput accounting ratio and how to improve it Use of throughput accounting in multi-product setting for decision making Cost Volume Profit Analysis (CVP) Break Even Analysis, and margin of safety Limitations of CVP analysis Impact of Risk, uncertainty and changing variables of CVP Operating Leverage, and Target Profit Analysis System Design: Job Order Costing Measuring direct materials cost, Job-order cost sheet Measuring direct labour & Application of manufacturing overhead Choice of an allocation base for overhead cost Problems of overheard application Predetermined overhead rate and capacity System Design: Process Costing Comparison of Job-order and process costing Process costing Materials, labor and overhead cost entries Service/ operation costing Profit Reporting Under Variable Costing and Absorption Costing Variable Costing Absorption costing Marginal costing. Reconciliation of absorption and marginal costing. Unit cost computations and profit comparisons Profit Planning and the Role of Budgeting. Cash and profit budgets Objective, Nature and purpose of budgeting The basic framework of Budgeting Types of Budget Functional Budgets Preparing the Master Budget Quantitative analysis in budgeting Performance analysis Standard Costing and Variance Analysis
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