Master Program Accounting and Control

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Master Program Accounting and Control

The Master program Accounting & Control concentrates on the variety of questions facing (non) financial information. The program focuses on preparing, controlling, auditing, and analyzing financial information. We do so by offering knowledge and insights into international financial information processes, regulation, theory and practical applications. The department’s instructors draw on their own practical experiences, academic research in which they are involved, recently published literature and current practical developments in the field of accounting, controlling and financial management. The Accounting & Control program deals with financial and non-financial information both internally and externally in an international environment. Accounting & Control students specialize in Accounting, Controlling or Financial Management.

General route

Block 1 Sept-Oct Block 2 Nov-Dec Block 3 Feb-Mar Block 4 April-May Financial Accounting Theory Financial Analysis Financial Information Systems (RA/RC)

or

Corporate Finance A (FM) Advanced Management Accounting & Control * * T H E S I S

THESIS (Sept- Aug)

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Three tracks within the

Master Program Accounting & Control

Accounting track

Students who specialize in Accounting are trained to prepare, audit and present financial company information to external stakeholders. Most of the students find jobs at the Big Four audit and accounting companies or in large multinational firms. Moreover students in accounting have a strong background in financial information systems and international reporting standards. Many of the students enroll in the Post Initial Master Accountancy to become a registered auditor (RA).

Master Program Accounting & Control, Accounting track 2004 - 2005

Block 1 Block 2 Block 3 Block 4

Financial Accounting Theory cc1, 5 ects Financial Analysis cc2, 5 ects Financial Information Systems cc1, 5 ects Advanced Management Accounting & Control cc2, 5 ects THESIS FSB/FMC1 (Financial Process Design and Redesign)

me, 10 ects Auditing theory me, 10 ects Investor relations & communication me, 10 ects Topics in Financial Accounting2 mpe, 10 ects THESIS

Bold: minimum requirements to finish the master program Accounting & Control, Accounting track, Financial Accounting Theory, Financial Information Systems, Financial Analysis, Advanced

Management Accounting & Control, Topics in International Financial Accounting, one Master elective and master thesis.

1

Financial Management & Control

2

Master program elective

mpe = master program elective, me = master elective, cc1 and cc2 = core course 1

and core course 2

More information? Please contact: Program coordinator Accounting & Control, Drs.

B. van den Brand (bbrand@fbk.eur.nl)

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Controlling track

Students who specialize in Controlling are trained to control and analyze financial information and non-financial information in order to support management and CFO. The controller is an important team player in the management team. Most of the students find jobs in multinational firms or in management consulting firms. Moreover students in controlling have a strong background in financial information systems, controlling and international aspects of controlling. The Master Program of the students enrolls in the Post Initial Master Controlling or in the International Post Initial Master Controlling to acquire a title such as registered controller (RC)

Master Program Accounting & Control, Controlling track 2004 – 2005

Financial Accounting Theory cc1, 5 ects Financial Analysis cc2, 5 ects Financial Information Systems cc1, 5 ects Advanced Management Accounting & Control cc2, 5 ects THESIS FSB/FMC1 (Financial Process Design and Redesign)

me, 10 ects Auditing theory me, 10 ects Investor relations & communication me, 10 ects International controlling2 mpe, 10 ects THESIS

Bold: minimum requirements to finish the master program Accounting & Control, Controlling track, Financial Accounting Theory, Financial Information Systems, Financial Analysis, Advanced

Management Accounting & Control, International Controlling, one Master elective and a master thesis.

1 _{Financial Management & Control} 2

Master program elective

and core course 2

B. van den Brand (bbrand@fbk.eur.nl)

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Financial management track

The financial manager route is designed to the role of Chief Financial Officer (CFO) or Chief Investment Officer (CIO). Students who specialize in Financial Management are trained to analyze financial issues in companies. The financial manager is an important team player in the management team, his prime responsibility being analyzing both finance and accounting information. In business life the CFO is held responsible for accounting, control and treasury. The curriculum is a mix of courses from Accounting & Control and Finance & Investments

Master Program Accounting & Control, Financial Management track

2004 - 2005

Financial Accounting Theory cc1, 5 ects Financial Analysis cc2, 5 ects Corporate Finance A cc1, 5 ects Advanced Management Accounting & Control cc2, 5 ects Investor relations & communication* mpe, 10 ects International controlling me, 10 ects Topics in Financial Accounting me, 10 ects THESIS THESIS

Bold: minimum requirements to finish the master program Accounting & Control, Financial Management track, Financial Accounting Theory, Corporate Finance, Financial Analysis, Advanced Management Accounting & Control, Investor relations & communication, one Master elective and a Master thesis.

*Master program elective

and core course 2

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Post Initial Master Accountancy and Controlling

Most of the Dutch Universities offer Post Initial Master Programs in Accountancy and Controlling. The discussion on below refers to EURAC, unless otherwise stated. In all situations we suggest that students have finished their bachelor and master program offered by the Rotterdam School of Management (FBK/IBA).

Post Initial Master Controlling

The EUR offers aPost Initial Master Controlling. The courses are taught in Dutch. For more international oriented students UniMaas and UvA offers the Post Initial Master International Controlling.

Entrance criteria (for EURAC)

- Two years of relevant experience -

- Bachelor elective: Introduction to taxation (Belastingrecht) -

- Master program Accounting and Control - CC1 + CC2 + International Controlling

- Master elective: FSB (Financial Process Design and Redesign)

Post Initial Master Accountancy

The EUR offers a Post Initial Master Accountancy. The courses are taught in Dutch. The Post Initial Master Accounting consists of two parts; the theoretical part (two years) and the audit-practice part (three years). To start with the theoretical part, students must fulfill only the Master Criteria. The audit-practice (praktijkopleiding) could start when ACI-2 (see Entrance Criteria) has been finished.

Entrance Criteria, students started at September 2004: Master criteria:

- Master program Accounting and Control - CC1 + CC2

- Master Elective: FSB/FMC (Financial Process Design and Redesign) - Master Elective: Auditing Theory

- Master Elective: Topics in Financial Accounting (dispensation for Werkcollege required at EURAC)

- Master thesis preferable in the field of financial reporting/accounting, containing a practical/empirical part to fulfill the requirements of Business Process Design/Ontwerp, to writing a thesis (referaat) for the Post Initial Master.

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Bachelorcriteria (first two not necessary to enter the Post Initial Master Accountancy, but necessary to finish)

- Bachelor elective: Financial Calculations (Financiële rekenkunde) - Bachelor elective: Introduction to taxation (Belastingrecht) - Bachelor elective: FIS (Voortgezetboekhouden)

Additional EURAC requirements

Compared to the Post Initial Master Accountancy of UvA (Amsterdam) and UvT (Tilburg), EURAC requires some additional courses (not sponsored, organized, recognized and taught by FBK/RSM). These courses can be done during the first year of Post Initial Master Accountancy.

- ACI 2 (Boekhouden, FIS II, previous ACI2a en 2b). - Fiscaal Concernrecht

- Fiscaal Ondernemerschap

To start with the Post Initial Master Accountancy minimum requirements are CC1 + CC2, Master elective: FSB (Financial Process Design and Redesign), Auditing Theory, Topics in International Financial Accounting and the Master thesis.

Accounting track, advised route

Financial Accounting Theory 5 Financial Statement Analysis 5 Topics in Financial Accounting 10 Financial Information Systems 5 Advanced Management Accounting & Control 5 Voortgezet Boekhouden I (bachelor elective) 5 Financial process design and redesign

(FSB/FMC)10 Auditing Theory 10 (Week 2-11) THESIS T H E S I S

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Finally…

Bachelor electives: (all taught in Dutch)

The courses Voortgezet Boekhouden I and II (English name: Financial Information Systems / Bookkeeping) will be offered from 2004-2005.

The course Belastingrecht (English name: Introduction to Taxation) will be offered. The course Financiële rekenkunde (English name Financial Calculations) will not be offered as a Bachelor Elective in 2004-2005.

Students who did not pass Financiële rekenkunde (English name Financial Calculations) have to follow the course Voortgezet Boekhouden I (English name Financial Information Systems / Bookkeeping), also advised route of the Accounting Track.

Bachelor electives: changes

Bachelor electives 2003 – 2004 Bachelor electives 2004-2005

Bachelor

electives

Financiële rekenkunde 5 Belastingrecht 5 Belastingrecht 5 Voortgezet boekhouden I 5 Voortgezet Boekhouden II 5

Master program Accounting and Control changes

Advanced Financial Accounting & Financial Accounting Theory (previous published letter)

This announcement is ONLY relevant for those students who did "Advanced Financial Accounting" last year (all others may ignore this announcement!!) One of the most frequently asked questions is: Is Financial Accounting Theory a substitute for Advanced Financial Accounting?

Answer: NO! As you noticed the content and organization of the two courses are completely different.

The general rule is that students who registered for the Master in Accounting & Control before January, 1st 2004 (Major Accounting) are required to pass the "Advanced Financial Accounting" exam for their Master's

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Degree. For these students an extra re-exam will be organised. In addition, we plan to organize one or two sessions "Advanced Financial Accounting" during which you can ask questions in relationship to the preparation for the exam. All dates will be communicated via SIN.

There is one important exception to the general rule: Students who failed for 3 or 4 of the courses of CC1 and CC2, are considered "newly registered students". These students have to take "Financial Accounting Theory". Finally, students who enrolled in the program during Master Elective 1 or Master Elective 2 in 2004 have to take the course "Financial Accounting Theory".

Auditing Theory & Fiscaal ondernemerschap

This announcement is ONLY relevant for those students who did "Auditing Theory & Fiscaal ondernemerschap" last year and did not pass their exam (all others may ignore this announcement!!)

Due to changes in the Master program of FEW, this may be relevant for you. Failed for Auditing Theory 5 ects, and or Fiscaal ondernemerschap, 5 ects (Master elective 1 & 2) could be replaced by:

- Topics in Financial Accounting (2004 – 2005) 10 ects - Or Auditing Theory (2004 – 2005) 10 ects.

Financial Information Systems, Corporate Finance A, Financial Analysis, Advanced Management Accounting & Control, Investor Relations & Communication and International Controlling

Students who did not pass the exam on one of these courses have to participate actively in one or more of these courses completely, including

cases/papers/assignments (no dispensation for cases/papers/assignments of last year).

FMC/FSB