For study of the course, students must have/be able to:

• A knowledge and understanding of the content of financial statements.
• An ability to solve equations and calculate minimum and maximum values of functions, working out function graphs in various rasters.
• Knowing the relationship between graphs and numerical formulation.
• A knowledge of structure and creation of the business’s strategic and operational plan including relations among its parts.

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.

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.

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.

• compulsory prerequisite
  International Finance
• compulsory prerequisite
  Contemporary Issues in European Management Accounting

• Programme MGR-EBF Master's 2 year of study, winter semester, compulsory
  
• Programme MGR-IBM Master's 2 year of study, winter semester, compulsory
  

• Programme MGR-Z Master's

  branch MGR-Z , 1 year of study, winter semester, elective