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Academy of Young Economist Children’s Economic University Preparatory Courses in Economics Bachelor Studies Master Studies Post-Graduate Studies Doctoral Studies MBA Studies Language Courses Professional Trainings E-Learning University of Third Age Study in Polish
 

 Programme

 

The studies are in English.

The main areas covered by the syllabus are:

  • Financial Reporting and Analysis under IFRS with comparison to US GAAP
  • Financial Strategies, Valuations, Risk Management and Mergers & Acquisitions
  • Strategic Planning, Monitoring and Controlling

Financial Reporting and Analysis under IFRS with comparison to US GAAP

  • This module will focus on gaining a thorough understanding of how to read, analyse and interpret a set of financial statements in order to assist in decision-making such as whether to lend to or invest in an organization. Skills in identifying weaknesses in an organisation and suggesting possible cures will be an essential part of this module.
  • To do that, the participants will be introduced to the need for financial reporting and why we need financial statements under either IFRS or US GAAP. Then the course will go through accounting techniques such as asset valuation, profit measurement, the requirement for group accounts, financial instruments, leasing and the need for various disclosures.
  • As we go through the accounting techniques, participants will learn the significant differences between international rules (IFRS) and American rules (US GAAP) as the main basis for presenting financial statements. It will then become more apparent how business decisions impact the financial statements whether under IFRS or US GAAP.
  • The course will go further and look at financial assets, such as investments in shares and bonds, and financial liabilities, such as issued bonds and taken loans, and derivatives, to see how they are accounted for, particularly under IFRS 9. We will see how contracts in derivatives, entered into for financial risk management purposes, are presented in the financial statements of a company. We will get acquainted with hedge accounting and learn how it can impact the way derivatives are presented in the financial statements.
  • Finally we will discuss the issue with loans and impairment and how it impacted on the banks after applying IFRS 9.


Financial Strategies

The nature and scope of strategic financial management is seen to be that area of a company’s overall strategy that falls within the scope of the financial managers. We will look at the organisational objectives from the key stakeholders’ point of view in a national but also an international environment especially that of multinationals.

The course will examine investment and financing decisions, looking at the strategic consequences of making such decisions. Candidates are then expected to develop skills in planning strategic acquisitions and mergers and corporate re-organisations.

The existence of risks in business is then analysed and in particular Foreign Exchange and Interest Rate Risks. Attention is given to sophisticated strategies which are employed in order to manage and hedge against such risks.

Strategic Planning, Monitoring and Controlling

This is a case-based module that gives a strong overview of the strategic role of Management Accounting in planning and controlling performance with the aim of meeting strategic goals. Systems that measure performance are looked at closely and analysed.

The case studies are from real life and require participants to apply knowledge, skills and professional judgement, and act as they would do in the workplace. 

Various strategic business models are introduced and used in case studies thus enabling participants to develop the technical and professional skills needed by a strategist. Some of the business models introduced are:

  • SWOT analysis, Value Chain and Porter’s generic strategies.
  • PEST and Porter’s 5 forces, including such areas as political climate and market conditions.
  • Mendelow’s stakeholder mapping matrix.
  • The ‘balanced scorecard’ approach as a way in which to improve the range and linkage between performance measures.
  • Fitzgerald and Moon - Building Block model.

The module is designed to support the candidates in roles as managers but also as advisors to senior management on how to assess and control performance and recognizing early signals if an entity is vulnerable in certain areas.
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International Finance_EN_cohort VI_2021_2022_Brochure.pdfDOWNLOAD THE BROCHURE