Theoretical knowledge

Financial Profile Subjects

Business Economics (PEK)

• Enterprise economic system (enterprise structure and process, basic enterprise functions)
• Enterprise, entrepreneurship, typology of corporate forms (trade law, basic legal regulation of commercial companies in the Commercial Code or the new law on commercial corporations)
• Property and capital structure of the enterprise (items of assets and liabilities of the enterprise)
• Cycle of funds in the enterprise (operating cycle, in which money invested in the business is transformed into materials, work in progress, products in stock, receivables and money again; relation to the length of the financial cycle)
• Basic ways of financing business activities (internal and external sources of finance, foreign and own sources of finance, interrelationships)

Financial Management Fundamentals (FMF)

• Corporate financial management principles (main areas of the CFO's job description such as maximizing operating profit, optimizing tax liability, investing, raising capital)
• Basic concepts and practices of financial mathematics (simple and compound interest, present and future value of cash income and expense series)
• Financing a firm's short-term and long-term needs (trade credit, bank loans, raising equity)

Financial management and investment decision making (FRIR)

• Optimizing the capital structure of the firm (seeking the minimum weighted cost of capital WACC; financial leverage and the profitability of involving external capital in financing)
• Special forms of financing (leasing, factoring, forfaiting, franchising)
• Evaluation of the economic efficiency of investments (static and especially dynamic methods of investment decision-making such as net present value, profitability index, discounted payback period)
• Basics of financial analysis (horizontal and vertical analysis; ratios of profitability, debt, activity, liquidity, financial market)
• Financial planning

Money, Banks, Financial Markets (PBFT)

• Financial markets and securities (main participants in financial markets, nature of the main financial instruments traded)
• Loan transactions, loan process and risk (types of loans, their nature, documents required to obtain a loan, actual dealings with the bank)
• Deposit transactions, investment banking (opportunities offered by the bank to value the company's own free funds)
• Non-cash payment transactions (domestic and foreign payment orders, documentary credit, direct debit)
• Bank guarantees (classification, scope of guarantee, price)

Public Finance (PF)

• Public finance in a mixed economy - (assisting with fundraising, designing incentive activities, suggesting improvements in communication, reviewing budget revenue and expenditure items)
• Classification of the national economy according to the funding principle - (classification of activities in the non-profit sector, involvement in a possible research survey on satisfaction with the activities provided)
• Revenue of public budgets ( monitoring the amount of individual items of income and expenditure of the budget of a given organization, orientation in the income and expenditure and also in the budget composition)
• Public expenditure (current and capital expenditure, budget composition, control of individual expenditure items, participation in activities in connection with public projects)
• Fiscal policy, state budget, budget deficit, public debt

Management Profile Courses

Management (MAN)

• Basic managerial functions (planning, organizing, decision making, implementation and leadership, control of results).
• Organizing the enterprise (basic organizational structures; formal and informal organizations)
• Leadership of people and teams (developed further in Psychology and Sociology, especially on psychological methods of obtaining and processing facts)

Marketing A (MGA)

• Market and its segmentation
• Consumer behaviour (buying behaviour, purchasing decisions, market of organised customers, business market and its specifics)
• Market research (questionnaire research, evaluation, report and presentation of results)
• Marketing mix and its use for target markets (own product, price, distribution, marketing communication, packaging)
• Marketing mix for services

Human Resource Management (HRM)

• Job creation and analysis (job description, requirements specification, job analysis methods)
• Employee recruitment (recruitment methods, selection interview)
• Staff placement (corporate strategy for filling jobs, analysis of external and internal mobility of staff)
• Employee evaluation (types and objectives of evaluation, appraisal interview, implications for compensation and personal growth), employee performance management
• Personnel agenda (work of the personnel department, evaluation of the indicators of evaluation of work with people)

Basics of logistics (ZAL)

• Inventory management and material flow, including material handling
• Transport and storage
• Purchasing and supply chain management

Product and Service Quality Management (PSQM)

• Concepts and principles of quality management (product quality, service quality, standardization, testing, metrology, legal requirements; TQM; EFQM
• Quality in pre-production and purchasing (tools and methods of universal application; quality planning methods; quality of subcontractor deliveries)
• Quality in production and post-production (process monitoring methods; quality assessment methods)
• Quality economics (financial measurement in quality management systems)
• Documentation and continuous improvement (quality manual, KAIZEN, quality audits, environmental management systems)

Strategic Management (STR)

• Basic elements of strategic management and their context (mission, values professed by the organisation, vision of its future state, strategy and related specific development activities and projects)
• Situational analyses preceding the strategy development (PESTE analysis, Porter's five forces model of the industry environment, product portfolio analysis, stakeholder analysis, VRIO internal environment factors evaluation, SWOT summary)
• Risk management including strategic risk
• Variant strategy formulation
• Implementation and evaluation of strategy

Accounting and tax profile subjects

Financial Accounting 1 (FU1)

• Main outputs of the accounting system in the form of financial statements (balance sheet, income statement, notes)
• Basic methodological elements of the accounting system (accounting entries, accounting documents, ledgers, inventory, review of the formal correctness of accounting entries, corrections)
• Business entities' chart of accounts and accounting representation of typical business transactions (purchase of materials, purchase of fixed assets, production, sales, financial relations, application of the precautionary principle in the form of creation of reserves and provisions)

Financial Accounting 2 (FU2)

• Issues in International Financial Reporting Standards (IFRS)
• Inventory and archiving, pre-closing operations
• Accounting practices at the end of the financial year, closing of accounts, profit and loss account
• Preparation and preparation of financial statements (profit and loss account, balance sheet, cash flow)
• Problems of correct valuation in accounting

Managerial Accounting

• Economic structure of the enterprise (i.e., the division of the enterprise into centers for which economic variables, usually at least costs, are separately tracked)
• Determination of economic variables in advance, before production or service provision begins (overhead budgets, preliminary costing and enterprise-wide budgets)
• Intra-company accounting (cost accounting as a tool for tracking actual costs, single- and double-entry form of organisation of cost accounting)
• Application of the standard cost method (determination of standards, quantification of basic cost variances and profit margins)

Taxes for FR

• Income tax (basic logic of income taxation in the Czech Republic; common provisions for individuals and corporations; tax and non-tax expenses; tax returns)
• Value Added Tax (basic logic; application to supplies of goods and services in the Czech Republic, EU and non-EU)
• Road, real estate, inheritance, gift and transfer taxes
• Social and health insurance
• Tax Code (basic legal regulation of the tax administration process, parts of the tax procedure)

Remuneration and Payroll Practice Manual (OMP)

• Labour relations (types, formation, termination of employment relationship, elements of employment contract, agreement on employment activity, agreement on work performance)
• Wages and related income (fixed and variable components of wages; wage compensation, average earnings, probable earnings, reduced earnings)
• Taxation of income from employment (personal income tax declarations, travel allowances, non-taxable parts of the tax base and their proof; monthly advances; annual settlement of advances of income tax on employment income, annual settlement of income tax on employment income)
• Relationships to health insurance companies, the Social Security Agency, the Labour Office.
• Employer's liability for damages, compensation for occupational accidents and diseases

Subjects of general management knowledge

• MS Excel (more advanced data-oriented functions)
• MS Access (tables, queries, forms, reports, macros, sessions)
• Managerial Decision Making
• Organizing a business
• Managing people and teams
• Fundamentals of Legal Theory, Constitutional Law, Protection of Human Rights, Civil Law, Family Law, Labor Law, Civil Procedure, Administrative Law, Substantive and Procedural Criminal Law.
• Basics of commercial law, Difference between commercial law and civil law, Commercial companies and cooperatives, Commercial register, Competition, Commercial obligations, Types of contracts, Contractual relations in international trade, Business of foreign persons in the Czech Republic. Other legal regulations related to business i.e. Trade law, Financial law, Insolvency law.
• Psychological methods of obtaining and processing facts. Personality structure, its determination and development. Basic dimensions of emotions, internal and external sources of emotions, connection of emotions with motivation. Work motivation. Stress, signals of distress, types and types of stressors. Mental hygiene. Social cognition. Social communication. Sociology and its role in modern society. Socialization, social control, social roles. Social groups. Gender roles, the new system of gender relations. Sociological methods. Ethical principles associated with research.

Subjects of specialisation

Finance and Accounting Specialization

The specialization consists of the subjects Financial Analysis (FA), Insurance and Actuarial Mathematics (POJM) and Cost Controlling and Management (CRN).

The main topic areas of knowledge in this specialisation are:

• DuPont's decomposition of a firm's profitability, Economic Value Added (EVA)
• Securities analysis, bankruptcy models, credit models.
• Characteristics and types of insurance (life and non-life insurance; tariffing and principles of premium calculation in non-life insurance)
• Insurance markets (entities, insurance intermediaries; calculation of premiums in bonus-malus systems)
• System of internal economic management of the enterprise (definition of centres and their codes, preparation of budgets of costs of centres, control of budget execution, analysis of deviations).
• Intra-company and inter-company reporting.

Project Management Specialization

The specialization consists of the subjects Project Management I(PR1), Project Management II(PR2), Project Management Techniques(TPM).

The main subject areas of knowledge in this specialisation are:

• Basics of project management (project team, hierarchical structure of activities, planning, resource allocation)
• Time analysis (CPM method, Gantt chart, PERT method and Monte Carlo simulation)
• Evaluation of project effectiveness (cost and price estimation, cost analysis - CPM/COST)
• Project risk management
• Project Audit

Specialisation Public Administration and Regional Development

The specialization consists of the subjects Government in Public Administration (SVS), State Administration in Public Administration (SSV), Regional Development (RR).

The main thematic areas of knowledge in this specialisation are:

• The relationship between public administration, government and the public
• Public service, its principles, background
• Public self-government (the right to self-government, levels of local self-government, independent competence of cities and municipalities, regions, contributory organizations associated with the budgets of self-governing territorial units)
• Typology of regions, EU regional and structural policy (programming and financing, strategic documents of the state and NUTS II regions, role of elected representatives of the state, regions and local governments, spatial planning)
• Quality of life in the region (basic characteristics of the level of development, regional analysis and regional indicators, role of statistics and data availability, SWOT analysis, development programmes and strategies)