Activities to practice

Finance Management (MF)

• Financial analysis of a given company, comparison of its financial situation with the situation of competitors, with the industry (vertical and horizontal analysis of statements, calculation of ratios using publicly available data from the collection of documents at www.justice.cz, mpo.cz, etc.)
• Preparation of a decision on investment in a specific facility (gathering of documents, projection of cash flows associated with the investment, determination of the required return, calculation of net present value, internal rate of return, proposal of recommendations)
• Comparison of leasing and credit financing of the investment (comparison of specific offers of financial companies, application of multi-criteria decision-making methods)
• Financial part of the business plan (business plan) for the purpose of obtaining a loan (analysis of the business opportunity, valuation of the associated potential revenues and one-off and operating costs, including calculation of the impact on the company's financial statements)
• Analysis of the organisation's sources of financing and their optimisation (analysis of the cost of trade and bank loans, implicit cost of equity, search for the minimum cost of capital, exploration of the possibilities of consolidating loans and borrowings, etc.)
• Analysis of receivables (creation of a "mirror" of receivables maturity, analysis of the creation of provisions, control of their amount, recovery and write-off of receivables, possibilities of buying out individual receivables, factoring of receivables)
• Administration of incoming and issued invoices (registration, checking all the requisites of these documents, sorting and ensuring control of their factual correctness, participation in their posting, archiving)
• Assessment of liquidity and its management (analysis of the structure of the company's short-term financial assets, projection of cash receipts and expenditures in the form of payment calendars for the next months, possibilities of appreciation of temporarily free funds, possibilities of short-term loans and their costs)
• Assessment of internal accounting guidelines, preparation of amendments to them or creation of missing ones (checking compliance of internal standards with legal obligations in the area of setting the chart of accounts, valuation, inventory, depreciation, principles of creating provisions, repair plan, etc.)
• Preparation of documents and participation in restatement operations (calculation of exchange rate differences, review and creation of provisions, provisions, calculation of estimates, initial calculation of tax liability or deferred tax liability)
• Optimisation of the organisation's tax liability (searching for potential tax savings in the wording of tax laws and their interpretations)
• Preparation of documents and pre-filling of the organization's income tax return (analysis of tax and non-tax expenses, verification of social and health insurance payments)
• Processing of documents and pre-filling of the VAT return (classification of individual categories of transactions, checking of input tax documents, calculation of input tax reduction in case of exempt transactions, etc.)
• Processing documents for the Intrastat statistical report
• Calculation of payroll taxation, CAP contributions, payroll deductions, annual settlements
• Analysis of the financial, accounting and tax aspects of a specific business transaction (e.g. conclusion of a leasing contract, factoring contract, barter deal, conclusion of insolvency proceedings with a debtor company, etc.)
• Investigating the possibility of obtaining subsidies and support for the company.

Controlling (CO)

• Critical analysis of the system of in-house economic management (analysis of the directive establishing the division of the enterprise into centres, setting of KPIs, method of determining tasks, their control, accounting in the in-house accounting)
• Budgeting of a specific centre (application of the index method to past data combined with the most accurate estimation of future trends)
• Calculation of preliminary and actual costing of goods and services (including justification of methods of allocating indirect costs and choice of allocation bases)
• Checking the implementation of the budget of the centre or process (analysis of actual costs, comparison with the budget, proposal to resolve any differences identified)
• Analysis of the costs of a specific process in order to improve it (application of the Activity Based Costing method, i.e. detailed analysis of the activities that make up the process, the most accurate expression of their costliness, the cost composition of the entire process)
• Identification of fixed and variable costs of the enterprise, analysis of the overlapping contributions of individual product/commodity groups
• Support in monthly and weekly reporting (extraction of data from accounting, cleaning, quantification of variances, pre-filling of reports, etc.)
• Design training materials for in-house financial management training

Marketing Management (MM)

• Marketing market research (entity types, asset specificity, customer behaviour)
• Marketing research of competitors (competitors' strategies, marketing mix, benchmarking of main processes)
• Marketing research of products/services (comparison of individual attributes of the offer of a given company with competing products, creation of Unique Selling Proposition of a specific company's products)
• Marketing research on price sensitivity of products

Human Resource Management (HR)

• Review and design of motivation and incentive structure for employees (design of new element of incentive structure, analysis of corporate benefits, etc.)
• Revision and design of the organization's wage policy (job classification)
• Design of employee training guidelines (analysis of training needs, obtaining information on the range and cost of courses, potential suppliers, subsidy titles, etc.)
• Design of training materials for a specific company area (e.g. training of production management tools, quality management, etc.)
• Design of a staff appraisal system and determination of the procedure for its implementation
• Design, organisation and evaluation of the effectiveness of the training programme.
• Preparation and implementation of an employee survey, including coordination of measures.
• Design of occupational safety and environmental training materials.
• Recruitment and its effectiveness (evaluation of the selection process, processing of information on candidates
• Personnel planning (annual, monthly, weekly)
• Adaptation processes in the company (adaptation interviews e.g. after probationary period, annual interviews)
• Design of competency model, career order.
• Turnover analysis (length of employment, profession, gender, distance from job, how many jobs, etc.)

IS/ICT (IS)

• Design criteria for selecting an IS for a small business, comparing demos of specific systems.
• Design of automation of selected company activities using MS Office (design of macros e.g. for creating controller report from accounting software data)
• Creation of simple user manuals for programs (MS Office, company IS, accounting software, etc.)

Strategic Management (SM)

• Design of training materials in the field of occupational safety and environment
• Strategic analysis and determination of the organization's objectives, or analysis of the existing strategy and the need for its reformation (conducting a situational analysis of the company using PESTE, Porter's 5 Competitive Forces, VRIO and SWOT methods)
• Business Plan of a small organisation

Technical Development - Projects (TR)

• Proposal of a project to innovate the organization's product or service
• Proposal of a project for obtaining a grant
• Research for obtaining information on society-wide phenomena (such as the development and prediction of unemployment in the company's region, analysis of graduates in the region, etc.)
• Assistance on a new product launch project (analysis for launch purposes, cooperation with launch coordinators)

Quality Management (QM)

• Partly "audit" of quality according to ISO 9001 (assessment of compliance with the requirements of the standard, occurrence of specific major non-conformities, their resolution, correction)
• Critical analysis or drafting of the ISO 9001 quality manual
• Proposal for improvement of a specific process (speeding up, simplification, streamlining of the organizations process, etc.)
• Design of training materials for quality management tool(s)
• Drafting a case study(s) on reducing poor quality (DOE, AK, MK)
• Development of quality analyses (use of basic 4M tools, etc.)
• Analysis of the costs of poor quality (finding their typical causes, finding opportunities for reduction)
• Graphical representation of the course of specific processes (visualization of the current state, proposal of possible process optimization, evaluation and representation of the impact of the proposed change)

Production Management, Purchasing and Logistics (LOG)

• Design of logistics tool(s) training materials
• Supply chain specialist training, analysis and sub-improvement proposals
• Logistics reporting and controlling support
• Data analysis for logistics management, inventory management, purchasing.
• Administration of purchasing processes: orders, archiving.
• Maintenance of internal databases, data analysis, contract management, communication with suppliers
• Project purchasing support: preparation, analysis and evaluation of requests
• Preparation of SOP, OPL, 5S standards and visualizations
• NVAA analyses (MUDA, MURA, MURI)
• Collaboration in production planning, capacity planning (MPR)

Public and non-profit sector (PS)

• Collaboration and budget proposal of municipality, local government unit, contributory organization, non-profit organization (hereinafter referred to as "municipality and non-profit organization")
• Control of the execution of individual items of the expenditure and revenue budget of municipalities and non-profit organisations
• Analyses of the effectiveness of the use of funds from EU projects and other subsidy titles
• Preparation of documents for the meetings of the municipal council, the municipal council, preparation of minutes of the meetings
• Preparation of a questionnaire for a satisfaction survey of clients of a municipality or a non-profit organization, implementation of such a survey
• Working on strategic documents of the municipality and their updates, checking their implementation
• Activities related to the selection, preparation and implementation of development projects
• Investigating possibilities of obtaining subsidies and support for the municipality and its entities
• SWOT analyses for different areas

Legal Issues (PO)

• Activities related to the search of organizations in the commercial, trade, insolvency registry, in the administrative register of economic entities (ARES).
• Preparation of documents for the preparation of individual types of contracts (especially purchase, mandate and work contracts).
• Activities related to the negotiation of collateral, choice of collateral form, legal regulation.
• Activities related to recovery, set-off of receivables.
• Analysis of articles of association, articles of association and similar corporate documents.
• Analysis of internal corporate regulations, preparation of draft amendments.