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Course detail
FP-fabsPAcad. year: 2023/2024
The main objective of the course is to introduce students with essential concepts, current trends and challenges in the area of the managerial accounting and finance management and control main processes, such as strategic planning and budgeting, financial performance measurement, operational financial desicion making, strategic investment decision making, all with special focus on international businesses.
Language of instruction
Number of ECTS credits
Mode of study
Guarantor
Department
Offered to foreign students
Entry knowledge
For study of the course, students must have/be able to:
Rules for evaluation and completion of the course
Requirements for gaining the credit:
1 credit test at previously set date. The test will include 4 examples, the maximum score from test is 40 points. To pass the test a score of at least 60%, i.e. 24 points, is needed. The test can only be resat once. The credit test lasts 60 minutes.
Examination requirements:
Knowledge is verified by a written examination. Only students who have applied in university information system and have the credit entered will be allowed to sit the examination. The examination is made up of 6 theoretical questions. The written examination lasts 60 minutes. The maximum score for the written examination is 60 points. To pass the test a score of at least 60%, i.e. 36 points, is needed.The resulting assessment of the course is the sum of the points scored from the credit test and written examination.
Attendance at lectures is not compulsory, but is recommended. Attendance at seminars is checked by the tutor. Lessons are composed on the basis of weekly schedules. Way of substituting missed lessons is fully in competence of a teacher.
Aims
Knowledge: The students can explain the role of managerial accounting, finance and management control in the business. They know principles and methods of compiling of the financial plan (strategic and operational). Students also know various methods for financial performance evaluation. Moreover, they are aware of criticism of financial ratios. They know how to describe the basic strategic investment decision-making tasks. Also they know how to raise additional capital in the business and are able to perform calculation of capital costs.
Skills: Students are able to create both, strategic and operational financial plan. They can analyze deviations from established plan. They are able to choose the appropriate approach to measuring and considering risks and costs, especially in strategic investment decision making,.
Abilities: Students are able to develop strategic and operational plan. They can compare this plan with current status, to analyze variances and find their causes. They are able to comprehensively judge the financial efficiency of business as well as investment project. Students are able to orient themselves in financial and managerial accounting topics, can make oral presentations on their work and carry responsibility for the correctness of their results.
Study aids
Prerequisites and corequisites
Basic literature
Recommended literature
Elearning
Classification of course in study plans
branch MGR-Z , 1 year of study, winter semester, elective
Lecture
Teacher / Lecturer
Syllabus
Exercise
Cost-Volume-Profit analysis in planning.
Single-step and multi-step calculation and use of contribution margin.
Budgeting, target costing, zero based budgeting.
Investment efficiency evaluation.
Variance analysis (standard costing).
Final test.