MIFA programme introduces teaching in a form of study blocks – dividing the semester (13 weeks) into 2 study blocks (6 weeks each). MIFA lectures begin a week earlier than the regular semester courses and offers 2 weeks of examination period in the middle of the semester. Students take 2 – 3 mandatory courses in each block.
|Block A||Examination period||Block B|
1st SEMESTER (30 ECTS)
The course focuses on the international financial reporting based on principles and requirements of IFRSs, accounting standards developed primarily for publicly registered entities. It introduces recognition, measurement and presentation of certain accounting phenomena in the financial statements of these entities; an aspect of disclosures is introduced using illustrations of real entities.
The aims of the course is to provide an understanding of both the key features of foreign exchange markets and the actual problems of multinational corporation within an environment of free flows of foreign capital and floating exchange rates.
The consumer´s behaviour and firm´s decisions intermediate analysis in the output and input markets.
The aim of the course is to develop competencies in performance management; to understand its role in organizations’ management, to be able to use accounting information for decision making and management control, to measure business performance and to apply accounting methods in budgetary control and process management.
The subject brings understanding of complex managerial accountability and ethical behavior in a company or other institution in the long term perspective. The subject introduces the ethical challenge for the entrepreneurial and managerial environment as well as for the business schools.
The students will get acquainted with the long-term consequences of unethical behavior in Czech companies and other European or world of businesses. Tutorials will provide the theoretical foundations and bases for responsible thinking, methodology and models applied to managerial accountability and long term oriented ethical behavior.
The ethical decision-making process is set to the proper philosophical framework and understanding its historical development. The course is focused on the economic, financial, and management scopes which belong to the social sectors and are related to the social and legal responsibility of the company. An integral part of the managerial ethics in business is the understanding of the important position of manager and entrepreneur or personality profile of managers, who has the task of creating a credible economic environment.
Tutorial will provide students with resources and criteria for responsible ethical behavior in business using modern ethical tools that are comparable at the international level. The instruction is focused on the ability to distinguish the ethical dilemmas, attitudes and their application in practice with regard to the need to build mutual trust, and long-term consequences of managerial control.
Analysis of the development of basic macroeconomic variables (interest rates, exchange rate, employment and wages, inflation, etc.) that shape the business environment. Analysis of the effectiveness of macroeconomic policies in the closed and open economy (applying selected models).
2nd SEMESTER (30 credits)
6 ECTS – doc. Ing. Jana Tepperová, Ph.D.
Course focuses on mastering and practising taxation principles and basic elements both in the Czech Republic and international taxation, especially in the EU. Part of the course also focuses on comparison of tax policies and systems of selected countries.
6 ECTS – Ing. Barbora Rýdlová, Ph.D.
The purpose of this course is to introduce techniques of corporate financial management.
The main topics covered include financial analysis and benchmarking, long-term financial planning, valuation of bonds and stocks, principles of capital budgeting, risk and return trade-off as well as corporate financing and capital structure. The course is focused on developing skills to apply the techniques of financial management in real world situations by working on case studies.
6 ECTS – doc. Ing. Tomáš Krabec, MBA, Ph.D.
Anglo-Saxon and Continental approaches to business valuation, International Valuation Standards and IDW Standards. Strategic analysis, financial analysis a financial plan within business valuation. Business valuation methods, their main features and differences. Discount rate estimating methods a their application. Complex business valuation and its interpretation.
6 ECTS – prof. RNDr. Jiří Witzany, Ph.D.
The aim of the course is to explain basic types of financial derivatives, mechanics of their markets, their application for hedging and/or speculation, and their valuation. We will introduce basic modeling techniques for stock prices, exchange rates, and other underlying assets. These models will be used for valuation of plain derivatives (forwards, futures, options, and swaps) in an arbitrage-less market. Some specialized derivatives like exotic options, credit, weather, energy, and other derivatives will be also briefly introduced. Practical issues of derivatives trading, valuation, risk management, and regulation will be discussed as well.
3 ECTS – doc. Ing. Mgr. Petr Mazouch, Ph.D.
The main point is to prepare and present a statistical analytical study concerning one of the recommended issues, covering almost all parts of the economic and social life in EU, USA, etc. Students’ own formulation of the task and its structure is preferred. The elaborated studies are discussed and assessed on the seminar meetings.
3rd SEMESTER (30 credits)
6 ECTS – doc. Ing. Marcela Zárybnická Žárová, CSc.
The students is expected to obtain skills needed to carrying out an individual project integrating their knowledge of the theories, models and teaching approaches from courses of the master programme with practical implications. Students are recommended to work on case studies, analyse and reflect on various topics on finance and accounting, and develop analytical, creative and implementation skills. The course provides students with the methodology necessary for the conceptual and formal completion of project. During the semester, students will improve their presentation skills and will be able to defend their ideas.
24 ECTS + 6 ECTS (Project)
24 ECTS + 6 ECTS (Project)
Internship intensifies the linkage between the theoretical and methodological knowledge and the future professions of students. Internship enables students to link knowledge achieved during the study with practical experience and to acquire new skills. Internship must be taken abroad (out of the Czech Republic) and sheltered by Erasmus+ programme.
24 ECTS + 6 ECTS (Project)
Students may choose to participate in Erasmus+ exchange programme and study abroad during the third semester.
4th SEMESTER (30 credits)
6 ECTS – doc. Ing. Vladimír Králíček, CSc.
This course provides the students with knowledge and skills in the field of audit and assurance engagements and its application in the context of the regulatory framework in EU. The course is built up on the International Standards on Auditing representing the fundamental principles of globalised concept of auditing.
6 ECTS Mgr. Jarolím Antal, Ph.D.
The aim of the course is to enable the students who do not focus on the European economic integration as their major field to understand the mechanism of the economic and political functioning of the EU in current context: consequences of widening and deepening of integration and territorial enlargement of the EU itself in contrary to consequences of globalization, Global financial and economic crisis and immigration pressures.
Final State Exams
The exam consists of:
- International Finance
- Corporate Finance
- Business Valuation
The exam consists of:
- Intermediate Accounting
- Performance Management
- Auditing and Assurance
Diploma Thesis defense takes place in front of the committee board when students presents topic of the Diploma Thesis and answers questions regarding the topic.
- Financial Contracting, Financial Reporting under IFRS and US GAAP – Comparison and Case Studies, Fiscal Policy, Taxation of International Employment, Bonds Theory and Praxis, Contemporary Rhetoric, Public Economics, Corporate Governance, Public Economics, Corporate Governance, International Business Strategy, International Trade, Project Management, International Mergers and Acquisitions.