Date post: | 07-Aug-2015 |
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WELCOME
Dr. S. (Stephan) Hollander
Program Director MSc Accountancy
Drs. M.T.H. (Mira) Gorris
Program Coordinator MSc Accountancy
Drs. R.C.W. (Rob) Eken
Program Coordinator Post-Master Accounting
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
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
Drs. M.T.H. (Mira) Gorris
Program Coordinator MSc Accountancy
Drs. R.C.W. (Rob) Eken
Program Coordinator Post-Master Accounting