Master Accountancy april 2015

INFORMATION EVENING

MScACCOUNTANCY

Ann

ual re

port

of

IKEA

WELCOME

Dr. S. (Stephan) Hollander

Program Director MSc Accountancy

[email protected]

Drs. M.T.H. (Mira) Gorris

Program Coordinator MSc Accountancy

[email protected]

Drs. R.C.W. (Rob) Eken

Program Coordinator Post-Master Accounting

[email protected]

ROAD-MAP

Why MSc Accountancy?

Why Tilburg University?

Career perspectives?

Which tracks?Which courses?

Which teaching methods?

Internships?Guest lectures?Contact w/ companies?Etc.

Which teachers?

WHY ACCOUNTING?

What?

Accounting is the language of business; dealing with generating,

analyzing and communicating information about a company’s

past activities and forecasting its future performance

Why?

If you want to understand a firm’s business or assess

its value, you have to understand accounting!

MSC ACCOUNTANCY

Our program offers a basic understanding of business management,

with a focus on accounting; providing students with background,

deep knowledge, and highly-developed skills in the areas of

financial accounting, management accounting and control, accounting

information systems, and auditing

Professional (RA/RC) track

- Strong focus on role of accounting for internal and external purposes- Excellent preparation for a range of careers including auditing, tax

consulting, management consulting, corporate controller- Stepping stone to (E)PMA, Executive Master of Finance and Control

CFA® track

- Offers a mix of core accounting and finance courses, with an emphasison corporate valuation

WHY TILBURG?

Europe’s No. 1 re accounting research

World-class research/education facilities

- Tilburg University

- Master thesis: library, databases, laboratory

- London Business School- Erasmus University

- INSEAD

- Research-active staff, engaged in public debate

Prof. Dr. J.F.M.G. (Jan) Bouwens on CEO compensation, role of

Dr. S. (Stephan) Hollander on the use of accounting-based

auditors, financial crisis, responsibility of bank managers

covenants in debt contracting

WHY TILBURG?

Tilburg’s MSc Accountancy program = TOP!

- Mix of renowned academics and leading practitioners

Prof. Dr. L. (Leo) van der Tas, EY, ESMAs CorporateReporting Consultative Working Group

Prof. Drs. J. (John) van Kollenburg, BDO

Contemporary topics

Stock-based compensation as incentive tool

New accounting/ disclosure / auditing standards

Use of interactive communication tools (e.g., conference calls)

- Keuzegids 2015: ranked first (after Nyenrode), before

Erasmus (Rotterdam), UVA and VU (Amsterdam)

WHY TILBURG?

Tilburg’s MSc Accounting program = TOP!

- Renowned academics- Leading practictioners

Prof. Dr. L. (Leo) van der Tas, EY, ESMAs CorporateReporting Consultative Working Group

Prof. Dr. J. (John) van Kollenburg, BDO

Contemporary topics

TiU’s MSc. AccountancyPractice Meets Academia

Our teachers:Mix of professionals/academics

Our objective:Problem solving/academic reflection

Our assignments:Real-life cases/academic writing

COURSE STRUCTURE

Program MSc. Accountancy 2015-16

RA/RC (“Professional”) track CFA track

Core courses Management Control Systems1

Master Thesis Proposal2

Corporate Financial Reporting3

Advanced Financial Accounting4

Master Thesis3-4

Compulsory courses Advanced Accounting Information Systems1

Advanced Auditing2

Financial Accounting Theory3

Financial Statement Analysis2

Empirical Methods in Finance1-2,*

Investment Analysis1-2,*

Financial Analysis and Investor Behavior3-4,*

Electives* Incentives and Contracts2

Financial Statement Analysis2

1) Block 1; 2) Block 2; 3) Block 3; 4) Block 4; *) Semester course

TEACHING FACULTY

CAREER PERSPECTIVES

Polic

y m

ake

rs, g

ove

rnm

ent

Tax a

utho

rity

Cre

dit a

naly

st

Mut

ual fu

nd m

ana

ger

Chi

ef

Execu

tive

Off

icer

Chi

ef

Fina

ncia

l O

ffic

er

Loa

n off

icer

Secu

rity

ana

lyst

Aud

itor

(Exte

rnal,

Inte

rnal)

Aud

it c

om

mitte

e

Bus

iness

report

er

Bus

iness

cons

ulta

nt

Corp

ora

te c

ont

rolle

r

M&

A s

peci

alis

t

Inve

stor

Sup

erv

isory

board

(A

FM, SEC

)

Fina

ncia

l m

ana

ger

Bus

iness

valu

ato

r

Inte

rnal a

uditor

Mem

ber

of

Boa

rd o

f D

irect

ors

Inve

stor

rela

tions

off

icer

Treasu

rer

PROFESSIONAL TRACK

Registeraccountant (RA, CPA)

Register controller (RC)

Career?

Elective: Financial Statement Analysis

Elective: Incentives and Contracts

FINANCIAL STATEMENT ANALYSIS

Why pay $104 billion* for Facebook?

*) IPO offering price on May 18, 2012

INCENTIVES AND CONTRACTS

Latest scientific insights on:

- Executive compensation (options, bonus)

- Subjective performance evaluation

- Designing business units

- Promoting cooperation between units

- $1 CEO salaries

- Recruitment practices in family firms

- Et cetera

ADVANCED ACCOUNTING INFORMATION SYSTEMS

Employees are self-interested; how doget them act in the interest of the firm?Completeness

revenues?

MANAGEMENT CONTROL SYSTEMS

Employees are self-interested; how do youget them act in the interest of the firm?

CFA TRACK

Financial professional

E.g., equity analyst, bond analyst, M&A specialist, investment banking

Certified Financial Analyst

- A self-study curriculum with three levels of examinations- Relevant education based on practitioner-driven global body of

investment knowledge- Emphasis on ethical and professional standards- Worldwide examination locations (including Amsterdam)

What do we offer?

- Excellent preparation for CFA-Level 1 exam (cover 70% of CBOK)

- Possibility to participate in Global Challenge

- Chance to win one of five scholarships

- Admission to TiU’s CFA events

EDUCATION

Education tailored to your needs

- Two tracks, Professional and CFA track, each with electives

Teaching methods

- Teaching-award winning instructors

- Guest lectures

- Company in-house days

- Ideal mix of practitioners and academics

- Interactive classes

Meet practice

- Real-life cases, writing consulting proposals, analyst report, etc.

Develop your skill set

- Critical mind, problem solving ability (how?), academic reflection (why?)

- Soft skills: presentation, discussion

POST-MASTER

Post-Master Accountancy (PMA)

- Three years, part-time on Fridays- No classes in January-April (“busy season”)

- Language? Dutch

- Where? Tilburg

European PMA

- Two-year program, blocks of 2 weeks- RA title + (e.g., Spain, USA)

- Where? May (Netherlands), July (Spain), November(Romania)

- Language? English

- www.tilburguniversity.edu/pma

- www.tilburguniversity.edu/epma

RESEARCH MASTER

Top students

- Develop analytical skills, econometric/statistical skills

- Economics of business and accounting- Academic reflection on corporate valuation, management accounting

and the role of accounting

Career opportunities

- Prepare for Ph.D, Professor of Accounting- Top position at (international) company

- Big data analyzing skills (much wanted!)

- Personal approach: one-on-one supervision

Placements

- In business: Duff & Phelps, Philips, De Nederlandsche Bank- In academics: University of Chicago, Nanyang Technological University

CAREER SUPPORT

Student Career Center and Alumni Services

Guiding you in your career planning process:

- Career workshops

- Individual career advice

- www.tilburguniversity.edu/careercenter

- TiSEM Career Mentor Program

Contact

- Build your CV: internships, board positions

- www.tilburguniversity.edu/alumni-tisem

Meet us

At the Master Fair from 6:15-7:30 PM in the Restaurant(R building on the map)

ADMISSION

All students

www.tilburguniversity.edu/education/masters-

programmes/admissionprocedure/feb/

You can enroll using Studielink

Non-TiSEM students

Non-TiSEM students, who want to enroll in a(pre-) Master program also need to submit anapplication for admission

More information?

QUESTIONS?

Dr. S. (Stephan) Hollander

Program Director MSc Accountancy

[email protected]

Drs. M.T.H. (Mira) Gorris

Program Coordinator MSc Accountancy

[email protected]

Drs. R.C.W. (Rob) Eken

Program Coordinator Post-Master Accounting

[email protected]