The ECTS (European Credit Transfer and Accumulation System) facilitates the academic recognition of studies abroad. ECTS enables measurement and comparison of the results achieved by a student as well as transferring these results between universities. ECTS credits indicate the workload of study programmes and individual course units. 60 ECTS credits equal the workload of full academic year. Respectively 30 credits represent the workload of one semester. Credit transfer and accumulation are facilitated by the use of the standard ECTS key documents (Course Catalogue, Student Application Form, Learning Agreement and Transcript of Records). Poznań University of Economics and Business implemented the ECTS system in the acacemic year 2000/2001.