Studies type:

Bachelor's Degree Programs

Study mode:

online, full-time, part-time

Study duration:

3 years (6 semesters)



Language of studies:

Polish, English


AFiB Vistula

  • Developing practical skills and educating students willing to find employment in the area of finance and accounting across several specialized fields is central to the Finance and Accounting study programme.

    In the previous years the programme was of general academic character with more practical approach by introducing modifications each year via introduction of new elective subjects.

    Current F&A study programme approved on April 9th, 2018 by the Faculty’s Council was largely modified in order to make it even closer to economic practice and by doing so to adjust it to labour market’s needs.  


    The curriculum of Bachelor`s Degree Studies consists of general courses and major courses in the following economic areas: introduction to economics, micro-economics, macro-economics,

    mathematics and statistics: mathematics 1, financial mathematics, descriptive statistics, mathematical statistics, quantitative methods for business, information and communication technologies for business,

    Finance: introduction to finance, public finance, international finance, banking, insurance, corporate finance – financial management.

    Accounting: Introduction to accounting – Business accountant, Financial accounting, Bank accounting and insurance accounting, Management accounting, SME accounting,

    Others: Introduction to management, Introduction to law, foreign language, entrepreneurship, cross-cultural communication, communication and argument techniques, thesis seminars and advanced techniques of thesis preparation, sport.

    The above courses constitute a set of obligatory subjects for students of all majors studying F&A programme. Those courses allow to gain knowledge of and elaborate ability to use mathematical, statistical, regulatory tools necessary to undertake micro- and macroeconomic analysis, to evaluate business situations, to explore and master skills related to majors.

    The above programme was awarded the ACCA certificate and currently includes 7 courses accredited by ACCA within F&A major. The University applies currently for accreditation of 2 further courses.

    The detailed list of general courses, major courses and specialization subjects are included in the appendix.

    Apart from the above general courses students follow major courses or elective courses listed in the so-called University’s bank.

    • List of obligatory classes for all sub-majors, introducing you to the world of economics

      • economy basics,
      • microeconomics,
      • Macroeconomics,
      • mathematics I,
      • financial mathematics,
      • descriptive statistics,
      • mathematical statistics,
      • quantitative methods in business,
      • ICT in business,
      • foreign language ,
      • entrepreneurship,
      • intercultural communication,
      • communication and argumentation techniques,
      • diploma and advanced seminars with writing techniques,
      • physical education,

    • Classes which are part of the major, introducing aspects of finances and accounting

      • Basics of finance
      • Basics of accounting – accountant in business
      • Finance 1 – Public finances and Finance JST (Local Self-Government Units)
      • Finance 2 – International finance, EU Finance
      • Accounting 1 – Financial Accounting
      • Accounting 2 – Bank Accounting, Insurance Accounting
      • Accounting 3. Management accounting I
      • Banking – basics of banking, banking risk
      • Law in business
      • Buisness finance
      • Insurance

  • In order to enhance practical side of Bachelor degree studies five new specializations were proposed:

    • Entrepreneurship
    • Banking and financial services
    • Accounting and financial reporting
    • Accounting and finance ACCA  
    • Financial market analyst

    Major Entrepreneurship focuses on educating specialist staff able to found and develop their own companies, as well as to promote product innovations, innovative services in the corporate finance management area. An alumnus has knowledge not only in the general financial, accounting and business regulation field but also on companies’ development, including SMEs and their results across several sectors. A graduate is able to appropriately fund its business, in particular its innovative activity, prepare development strategy and to promote it in the form of the business plan. An alumnus is capable to implement his knowledge to found his own company, as well as to share it while working for the consulting firm.

    • List of classes in the entrepreneurship major

      The following issues are considered during the classes :

      • Characteristics of the SME sector in Poland and in the world  
      • Setting up and running a company  
      • Business strategies in the money and capital market   
      • Forms of business financing   
      • Competitiveness and innovativeness of the company
      • Business plan in practice

      A graduate might use the acquired knowledge to start his own business, but also to take a job of a controlling specialist, of an innovative business specialist in a consulting firm, of a business advisor to the board of management in a company, of a specialist in VC/PE funds, of a capital innovations specialist or a credit inspector in banks and investment funds.


    A students learn the principles of commercial banking activity at the Banking and Financial services major. An alumnus is able to define a bank system, its participants, their functioning, interconnections, tasks and responsibilities; he/she recognizes financial phenomena in the market economy; understands principles governing banks in the economy; differentiates between bank operations, knows the role of the central bank in the economy in Poland. He\she studies functioning and risk related to bank products; gains deep knowledge on banking sector’s activity.

    Moreover after graduating from the major an alumnus is able to use bank products and services, including e-banking and trading in the capital market. He/she can use the knowledge on banking and financial operations to assess credit risk and to manage it. He/she can also utilize bank products in order to take optimal financial decisions. The course on investment and financial instruments provides knowledge on financial services of investment funds. Additionally the insurance services for banking sector constitute an integral part of the major.

    • List of classes in the banking and financial services major
      • Traditional and innovative banking services and risk
      • Electronic banking and IT systems in banking
      • Investments and financial instruments
      • Banking financial services for enterprises
      • Banking financial services for individuals
      • Insurance services in banking

      Graduates find employment at big commercial banks, in local cooperative banks, insurance companies, investment funds, consulting firms.


    A student gets acquainted with the basic accounting knowledge, its role, types, principles and techniques; international accounting standards. Additionally a student learns fundamentals of taxation, role of taxes in the public budget as well as in the tax-payers budgets, tax strategies, consequences of excessive tax burden; legal aspects. He/she has ability to use accounting principles, as well as to prepare financial reports, record financial events in the books, e.g. to record leasing or consolidate financial reports in case of a merger, to use accounting knowledge in operational and strategic decisions of companies and other organisations (economic entities). A student acquires skills related to analyzing financial position of companies (including liquidity, rentability, efficiency, indebtedness, budgeting), understands threats connected with the excessive budgetary deficit, he/she can analyze relations between public finance, corporates, banks and financial markets, is able to use banking services and investment funds. A student is capable to implement the acquired knowledge in practice in order to prepare SWOT analysis for founding a new business. He/she can also use management accounting tools while administering the company.

    • List of classes in the accounting and financial reporting major
      • Audit and assurance     
      • International accounting standards
      • Analysis of financial reports
      • Financial reporting  
      • Tax system in Poland and introduction to tax accounting
      • Tax accounting

      Graduates may find employment in an accounting office, a real estate agency, consulting firms, corporates, cooperatives’ accounting departments as an accounting specialist, a controlling specialist, a business analyst, a risk analyst and a specialist in investment process optimization.


    A student gets acquainted with an accounting system, standards and regulations, he/she studies specifics of financial accounting, management accounting, bank and insurance accounting. He/she becomes a specialist in financial reporting, as well as financial reports’ analysis, acquires knowledge on tax management in a company, on pre-requisites of starting a new company. All the information and skills are further improved during classes on financial markets, international finance and corporate finance, comprising issues related to financial events, sources of funding, appropriate use of equity and debt in order to achieve strategic goals in business, which lead to success, increase in value and competitive position. The achievement of this goal requires learning financial risk assessment, evaluation of investment and financial effectiveness in the changing uncertain and unstable environment. It requires also a multidisciplinary knowledge gained at various major courses which lead to career of an accounting specialist. The syllabuses are prepared and examinations performed for indicated 8 courses according to recognized ACCA (The Association of Chartered Certified Accountants) certificate.  The University’s graduates are exempt to take examinations on courses accredited by ACCA and taken during their studies.

    • List of classes in the accounting and finance ACCA major
      • Audit and assurance   
      • International accounting standards
      • Analysis of financial reports
      • Financial reporting  
      • Tax system in Poland and introduction to tax accounting
      • Tax accounting

      The ACCA certificate allows to obtain an internationally recognized accounting accreditation enabling employment beyond Polish borders on responsible positions in the accounting departments. The certified accountants with ACCA certificate are sought by companies, big international corporates, in internal and external audit and consulting firms.

    The specialization dedicated to those who would like to be active in investing funds in financial instruments – the ones that are most effective in terms of financial gains. The major’s goal is to deliver knowledge on financial market instruments and capital market analysis, as well as financial instruments valuation.

    • List of classes in the financial market analyst major
      • Business strategies in money and capital markets
      • Forms of business financing
      • Analysis and valuation of financial instruments I – capital and fixed income investmentsAnalysis of compny’s financial and economic position
      • Analysis and valuation of financial instruments II – derivatives and alternative investments
      • Credit risk management

      The major enables students to learn knowledge applicable in the stock exchange, consulting firms, broker’s firms, in companies while working as a capital investment specialist, a controlling specialist, a stock exchange analyst, a valuation specialist at the financial market.  

    • List of classes in the ACCA (The Association of Chartered Certified Accountants) accounting and taxes sub-major
      • Introduction to accounting – business accountant
      • SME accounting (Small and Medium Enterprises)● International accounting
      • Financial reporting
      • Financial report analysis
      • Polish tax system and introduction to tax accounting
      • VAT in accounting and VAT settlements
      • Financial accounting
      • Managerial accounting 1
      • Economic law
      • Company effectiveness management
      • Audits and corporate governance in companies
  • Prof. Dr Hab. Jan Sulmicki - Uczelnia Vistula

    prof. dr hab. Jan Sulmicki

    W latach 1986-1992 oraz 1997-2002 był doradcą prezesa Narowowego Banku Polskiego. W latach 1990-1992 był członkiem rady nadzorczej PBK, z kolei w latach 1992-1997 był przedstawicielem Polski w radzie nadzorczej Banku Światowego w Waszyngtonie, a 1997-2000 wiceministrem w Rządowym Centrum Studiów Strategicznych. Specjalista w zakresie długookresowych zmian w gospodarce światowej, rynku finansowego oraz integracji europejskiej. Autor ponad 100 prac naukowych.

    Bojańczyk Mirosław

    Associate Professor Mirosław Bojańczyk

    Mirosław is a long time lecturer at the Warsaw School of Economics in Warsaw, as well as other universities. He is a veteran economics theorist and practitioner, with more than 20 years of experience. His research tackles the functioning of the capital markets, investment funds, business valuation, controlling, as well as corporate finances and accounting. Mirosław possesses a wealth of practical experience. He has worked, among others, as Head Accountant in a number of companies, the President of one of the National Investment Funds, Vice-Chair of the General Pension Society, and a Member of the Polish Securities Commission. He has been a member of numerous supervisory boards, including the Polish Bank of Development and Isolation in Zduńska Wola. He has also authored more than 70 publications in Polish and English.


    Marek Kulczycki, PhD

    Management Board Member, acting in the capacity of President of the Management Board of FM PBP SA, Doctor of Economics (1976), a graduate of the Faculty of International Trade of the Warsaw School of Economics. From 1971 to 1980, he was a teaching and research fellow at the Warsaw School of Economics. Marek has authored dozens of research papers, text books, and books on economics and finance. He was employed by the United Nations Industrial Development Organisation (UNIDO) in Vienna (1980–1986). He was also Department Head in the Ministry of Foreign Trade (1987–1991), being responsible for Poland’s collaboration with OECD countries. In 1991, he was Under-Secretary of State in the Ministry of Industry and Trade. In May 1992, he was employed by the Polish-American Enterprise Fund, where he led a loan programme for small and medium enterprises.

    Prof. Dr Hab. Juliusz Kotyński - Uczelnia Vistula

    prof. dr hab. Juliusz Kotyński

    W latach 2002-2006 radca generalny w Departamencie Polityki Finansowej, Analiz i Statystyki. Odznaczony Srebrnym Krzyżem Zasługi (1987r.) W działalności naukowej zajmuje się badaniami teoretycznymi i empirycznymi z dziedziny handlu międzynarodowego, finansów, polityki ekonomicznej Polski i Unii Europejskiej oraz europejską integracją gospodarczą i finansową. W marcu 2015 r. został wybrany na członka Komitetu Prognoz „Polska 2000 Plus” przy Prezydium PAN na kolejną kadencję – na lata 2015-2018. W latach 2013-2015 uczestniczy w cyklu badań, debat i publikacji „Forum Myśli Strategicznej” Polskiego Towarzystwa Myśli Strategicznej i Polskiego Towarzystwa Ekonomicznego.

    Dr Hab. Michał Kruszka - Uczelnia Vistula

    dr hab. Michał Kruszka

    Zastępca dyrektora Departamentu Analiz i Współpracy z Zagranicą Urzędu Komisji Nadzoru Finansowego, członek Kapituły Konkursu o Nagrodę Przewodniczącego KNF za najlepszą pracę doktorską z zakresu rynku finansowego. Były członek prezydium zarządu Polskiego Towarzystwa Ekonomicznego w Poznaniu. Specjalista z zakresu analizy rynków finansowych, interakcji rynków finansowych ze sferą realną oraz międzynarodowego świadczenia usług.

    Dr Hab. Ryszard Michalski - Uczelnia Vistula

    dr hab. Ryszard Michalski

    Dyrektor Instytutu Badań Rynku, Konsumpcji i Koniunktur. Absolwent Wydziału Handlu Zagranicznego SGPiS/SGH. W latach 1988-1995 był wiceministrem finansów. Od lipca 2002 r. do maja 2004 r. był w Ministerstwie Finansów odpowiedzialny za negocjacje finansowe z Unią Europejską, zarządzanie długiem publicznym i współpracę z Narodowym Bankiem Polskim.

    Dr Hab. Krzysztof Rybiński - Uczelnia Vistula

    dr hab. Krzysztof Rybiński

    Były rektor Akademii Finansów i Biznesu Vistula, obecnie rektor i profesor New Economic University w Ałma Acie w Kazachstanie. Były wiceprezes Narodowego Banku Polskiego, członek Komisji Nadzoru Finansowego, unijnego Komitetu Ekonomiczno – Finansowego i wicegubernator Banku Światowego. Autor publikacji w Financial Times, The Economist i Wall Street Journal. W minionych 5 latach prof. Rybiński przeprowadził ponad 100 wykładów gościnnych dla przedstawicieli z otoczenia społeczno-gospodarczego w kraju i za granicą.

    Dr Hab. Oskar Kowalewski - Uczelnia Vistula

    dr hab. Oskar Kowalewski

    Należy do czołówki światowych ekspertów z zakresu ekonomii. Profesor AFiBV, wykładający również gościnnie na zagranicznych Uniwersytetach. Autor wielu artykułów naukowych. W 2012 r. jako pierwszy Polak został zaproszony do kolegium redakcyjnego czasopisma Family Business Review. Laureat wielu nagród, w tym w 2014 r. otrzymał po raz pierwszy w historii konkursu I nagrodę Prezesa Narodowego Banku Polskiego za rozprawę habilitacyjną. Biegle posługuje się językiem angielskim, niemieckim i hiszpańskim.

    Dr Inż. Barbara Karlikowska - Uczelnia Vistula

    dr inż. Barbara Karlikowska

    Absolwentka SGGW. Ukończyła również Polsko – Brytyjskie Studia Ubezpieczeniowe oraz uzyskała uprawnienia Brokera Ubezpieczeniowego. Od 1998 r. jest nauczycielem akademickim. Autorka i współautorka wielu publikacji naukowych z zakresu zarządzania ryzykiem. Uczestnik grantu MNiSW – Innowacyjna Polska w Europie 2020 r.

    Dr Krystyna Mościbrodzka - Uczelnia Vistula

    dr Krystyna Mościbrodzka

    Zastępca kierownika Katedry Finansów i Rachunkowości oraz przewodnicząca Komisji ds. Programów Kształcenia i Zapewnienia Jakości w Akademii Finansów i Biznesu Vistula. Specjalizuje się w zakresie form finansowania przedsiębiorstw oraz ocenie projektów inwestycyjnych i kondycji finansowej banków i przedsiębiorstw. Od wielu lat zajmuje się badaniami naukowymi w Instytucie Finansów, z którym związała się od 1996 r. Prace dyplomowe jej studentów były wielokrotnie nagradzane.

    Dr Hab. Maciej Dudek - Uczelnia Vistula

    dr hab. Maciej Dudek

    Profesor nadzwyczajny Akademii Finansów i Biznesu Vistula oraz Instytutu Nauk Ekonomicznych Polskiej Akademii Nauk. Stopień doktora w dziedzinie nauk ekonomicznych uzyskał w Massachusetts Institute of Technology w 1999 r. W 2010 r. otrzymał stopień doktora habilitowanego w SGH w Warszawie. Pracował w Narodowym Banku Polskim, w University of South Florida czy na Purdue University. Reprezentował Polskę w Europejskim Banku Centralnym we Frankfurcie. Autor wielu książek poświęconych makroekonomii i polityce gospodarczej.

    dr hab. Leszek Morawski

    W 1999 r. uzyskał stopień doktora nauk ekonomicznych, a w 2014 r. stopień doktora habilitowanego na Wydziale Nauk Ekonomicznych Uniwersytetu Warszawskiego. Jest współautorem mikrosymulacyjnego modelu podatkowo-zasiłkowego SIMPL oraz modułu dla Polski europejskiego modelu podatkowo-zasiłkowego EUROMOD realizowanych wspólnie z naukowcami z University of Essex (ISER), IZA i DIW. W latach 1999-2001 współpracował z Ministerstwem Łączności oraz Urzędem Regulacji Telekomunikacji w zakresie oceny polityk cenowych operatorów sieci komórkowych. W latach 2005-2010 współpracował z Ministerstwem Pracy i Polityki Społecznej w zakresie oceny efektów dystrybucyjnych polityk podatkowo-zasiłkowych. Autor wielu publikacji naukowych. Członek komitetu redakcyjnego czasopisma „Studia Ekonomiczne”.

    Dr Zdzisław Rapacki - Uczelnia Vistula

    dr Zdzisław Rapacki

    Ekonomista i absolwent Wydziału Handlu Zagranicznego SGPiS /SGH/. Specjalny Przedstawiciel Dyrektora Międzynarodowej Organizacji Pracy ds. Gruzji. W latach 1996-2004 Dyrektor Biura Spraw Międzynarodowych w Kancelarii Prezydenta RP a w latach 2004-2010 Ambasador i Stały Przedstawiciel RP przy Biurze NZ w Genewie. Minister Pełnomocny Ambasady PR w Londynie, Stały Przedstawiciel Polski przy Międzynarodowej Organizacji Turystyki w Madrycie i II Sekretarz w Tokio. Odznaczony Komandorią Francuskiej Legii Honorowej, Wielkim Krzyżem Zasługi Chile, Komandorią Pogoni i Orderem Wielkiego Ks. Gedymina, Komandorią Orderu Wschodzącego Słońca Japonii.

    Dr Hab. Jolanta Zombirt - Uczelnia Vistula

    dr hab. Jolanta Zombirt

    Specjalistka w zakresie nowych technik finansowych, zarządzania ryzykiem bankowym w kontekście ewolucji regulacji bankowych i strategii banków w dobie golobalizacji rynków finansowych. W latach 1976-1991 związana z Centralą Handlu Zagranicznego Budownictwa BUDIMEX. W 1993 r. była doradcą ministra (Jana Krzysztofa Bieleckiego) w Biurze ds. Integracji Europejskiej oraz Pomocy Zagranicznej. W 1994 r. była doradcą prezesa Powszechnego Banku Kredytowego, a w 1996 r. prezesa Banku Handlowego w Warszawie. W latach 2002-2007 pracowała jako główny specjalista ds. Rozwoju Rynków Finansowych w Departamencie Systemu Finansowego Narodowego Banku Polskiego. Jest również kierownikiem Zakładu Systemu Finansowego UE w Instytucie Europeistyki UJ.

    The curriculum of Finances and Accounting has been designed to provide you with the greatest choice of sub-majors and financial sector fragments, with which you would want to specialise and work, professionally.

    See for yourself that Vistula is the best University in practice. Find out the benefits of studying Finances and Accounting.


    Expert knowledge
    Specialised sub-majors enable you to gain the knowledge that interests you, and best develops you towards your professional future. You will be taught by accomplished practitioners working in the industry.

    Global possibilities
    A world-class curriculum, continued collaboration with foreign students, and the opportunity to attend courses taught in English – this means that this programme will prepare you to take up work abroad, if you so desire.

    Prestigious accreditation
    All graduates of Finance and Accounting at Vistula University, receive a diploma, confirming that they have passed five out of nine fundamental ACCA examinations. ACCA is one of the most prestigious professional qualifications from the area of finance and accounting, prized by employers worldwide. Holding it, will increase your chances of receiving a promotion to a managerial position, along with achieving professional success.

    A business approach
    The classes are taught by accomplished practitioners, and this ensures that you will not only gain theoretical knowledge, but also learn how to apply it in the real world, as well. Our faculty’s extensive experience, and the opportunity to start networking during internships, are sure to bear fruit and help you find employment and professional satisfaction.

    Graduates of Finances and Accounting can expect to work in many interesting and well-paying positions in various institutions. Your future position depends on the sub-major you choose.

    • Accounting and finance
      • accounting firms,
      • real estate firms,
      • consulting firms,
      • tax counselling,
      • notarial and execution offices.
    • Finances and financial markets
      • investment funds,
      • leasing firms,
      • factoring firms,
      • banks,
      • The stock exchange.
    • Insurance
      • insurance companies,
      • insurance intermediaries,
      • insurance brokers,
      • companies dealing in claims adjustment,
      • banks,
      • Financial Ombudsman office,
      • KNF, ZUS, PTE and OFE.
    • Banking
      • large commercial banks,
      • local co-operative banks,
      • Bank Gospodarstwa Krajowego,
      • The Polish Bank Association,
      • The National Bank of Poland,
      • credit intermediaries and counselling institutions.
    • Finance and financial markets – investment capital markets
      • investment funds,
      • leasing firms,
      • factoring firms,
      • banks,
      • The Stock Exchange.
    • ACCA accounting and taxes
      • accounting firms,
      • real estate firms,
      • consulting firms,
      • tax counselling,
      • notarial and execution offices,
      • companies.
  • Tuition fee for full-time and part-time studies (including mobile studies) in Polish – students from outside the EU

    Registration fee Tuition fee (per year) Tuition fee (per semester)
    Full-time and part-time studies 120 € 1 450 € 775 €

    Tuition fee for full-time studies in English – EU citizens*

    Registration fee Tuition fee (per year) Tuition fee (per semester)
    Full-time and part-time studies 120 € 2 500 € 1 350 €

    *The group of citizens of other countries paying the same fees as EU citizens includes: citizens of other European countries, of all countries in the North and South America, the Caribbean as well as citizens of Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Mongolia, Russia, Tajikistan, Turkmenistan and Uzbekistan.

    Tuition fee for full-time studies (BA/MA) in English – citizens from outside the EU*

    Registration fee Tuition fee (per year) Tuition fee (per semester)
    Full-time 200 € 3 500 € 1 850 €

    *This does not apply to the students from the countries in Europe which are not EU members, students from North and South America, the Caribbean and from Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Mongolia, Russia, Tajikistan, Turkmenistan and Uzbekistan.

    Resolution of Executive Board about the fees


    Appendix to the Resolution of Executive Board about the fees

TestimonialsShow all

International Office

Leonid Markusyk

Director of International Marketing and Recruitment

tel. +48 501 294 962


(cooperation with recruitment agencies and institutions)



Halyna Bozhko

International Admission Coordinator

tel.: +48 502 603 174


(cooperation with recruitment agencies) 



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