Courses
The 1st-year courses of the MIFA programme are in the form of study blocks, dividing the semester (13 weeks) into two study blocks (6 weeks each). The study block teaching offers more focused lectures on fewer topics during a shorter period of time. Each study block is followed by an examination period. Students take only mandatory courses in the 1st year.
The 2nd-year courses are focused on elective courses, allowing students to specialise in their desired fields within Finance and Accounting.
The whole programme is concluded by defending theses under the Final State Exams.
| 1st ACADEMIC YEAR – SEMESTER STRUCTURE | |||||||||||||
| 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |
| Block A | Examination period | Block B | |||||||||||
Block A
3 ECTS – Ing. Ondřej Šíma, Ph.D.
The aim of this course is to acquaint the students with the most relevant concepts, methods, and practical implications of modern macroeconomics. The course is focused on the interconnections between various macroeconomic indicators, their application in empirical macroeconomic analysis, and the recent trends in macroeconomic development across the world. Special attention is paid to the up-to-date advances in the understanding and utilization of the basic macroeconomic variables and processes, such as economic growth, inflation, monetary and fiscal policy, and economic and financial crises, with many consequences for decision-making in companies’ management. These issues are explained with regard to their practical applicability by economists, policymakers, and practitioners. Furthermore, the course introduces and explains the contemporary macroeconomic issues facing the global and national economic systems, such as the increase of public and private indebtedness, the widening of income and wealth inequality, the rigidity of the labour market, and the linkages between macroeconomic and sociopolitical development.
6 ECTS – doc. Ing. David Procházka, Ph.D.
The course focuses on international financial reporting based on the 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.
6 ECTS – doc. Ing. Karel Brůna, Ph.D.
The course aims to provide an understanding of both the key features of foreign exchange markets and the actual problems of multinational corporations within an environment of free flows of foreign capital and floating exchange rates.
Block B
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-return trade-offs, as well as corporate financing and capital structure. The course focuses on developing skills to apply financial management techniques in real-world situations by working on case studies.
3 ECTS – Ing. Ondřej Šíma, Ph.D.
This course aims to provide students with a complex understanding of international economic relations with special attention to their interconnections with the countries’ national economic development. This course explains the particular transmission channels through which countries are involved in the international economic system, such as foreign trade, international investment and debt capital flows, exchange rate policies, and cooperation via regional and global supranational organizations. These matters are primarily explored with the help of concrete cases and examples of national engagement in the global economy. Additionally, this course aims to render the students the knowledge of qualitative and quantitative methods used for the evaluation of countries’ international economic relations, as well as addresses the most recent issues of international macroeconomics, including the development of the Eurozone, the global nature of today’s economic crises, and the potential risks of the international capital markets for the national economy.
6 ECTS – doc. Ing. Jaroslav Wagner, Ph.D.
The course aims 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.
Block A
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, and a financial plan within business valuation. Business valuation methods, their main features and differences. Discount Rate Estimating Methods and their application. Complex business valuation and its interpretation.
3 ECTS – prof. Ing. Jaroslav Wagner, Ph.D.
The course focuses on sustainability reporting and assurance. It introduces the key milestones in sustainable development. Students will learn about how sustainability data are generated and how they are reported and assured.
6 ECTS – doc. Ing. Jana Tepperová, Ph.D.
The course focuses on mastering and practising taxation principles and essential elements both in the Czech Republic and international taxation, especially in the EU. Part of the course also focuses on a comparison of tax policies and systems of selected countries.
Block B
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 the EU. The course is built up on the International Standards on Auditing, representing the fundamental principles of the globalised concept of auditing.
6 ECTS – Ing. Lucie Andreisová, Ph.D.
The course provides participants with a deep understanding of compliance principles and business ethics. It examines the relationship between corporate governance, risk management, and adherence to (not only) regulatory requirements. Emphasis is placed on practical aspects of implementing compliance programs, fraud prevention, whistleblower protection, and management’s liability for (un)ethical behaviour within an organisation. The course integrates theoretical knowledge with real-world case studies, enabling participants to gain a deeper understanding of the challenges and benefits of ethical business practices.
3 ECTS – prof. Ing. Jaroslav Wagner, Ph.D.
The course focuses on sustainable finance and investing. Investment decisions are multi-criteria; in addition to economic criteria, investors and companies also consider non-financial aspects. The course introduces the principles of sustainable investing, their reflection in investment decisions, and their impact on the entities involved (investors, companies, the banking sector).
Students choose one of the following options:
6 ECTS – Mgr. Olesia Zeynalova, Ph.D.
The students are expected to obtain skills needed to carry 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 a project. During the semester, students will improve their presentation skills and will be able to defend their ideas.
24 ECTS + 6 ECTS (Project)
Students select elective courses worth 24 ECTS credits from the University’s offerings (across all faculties). The courses are updated and innovated on a regular basis each semester.
24 ECTS + 6 ECTS (Project)
An internship intensifies the linkage between theoretical and methodological knowledge and students’ future professions. The internship enables students to link the knowledge gained during their studies with practical experience and to acquire new skills. The internship may be taken abroad or in the Czech Republic. The internship cannot take place in the student’s home country.
24 ECTS + 6 ECTS (Project)
Students may choose to participate in the Erasmus+ exchange programme and study abroad during the third semester.
| Mandatory elective courses | ECTS |
| Financial Risk Management | 3 |
| International Financial Markets | 3 |
| Financial Derivatives I | 3 |
| Microeconomics of Banking | 3 |
| Financial Contracting | 3 |
| Quantitative Portfolio Management | 3 |
| Financial Modelling for Corporate Finance | 3 |
| Corporate treasury management | 3 |
| Financial reporting under IFRS and US GAAP – Comparison and Case Studies | 3 |
| External Financial Auditing | 3 |
| Advanced Management Accounting | 3 |
| Transfer Pricing | 3 |
| Taxation of International Employment | 3 |
The Diploma Thesis Defense takes place in front of a committee board when students present the topic of their Diploma Thesis and answer questions regarding the topic.
After their presentation and Thesis discussion, the committee poses more questions relevant to the fields of Finance and Accounting to examine the students’ skills acquired throughout their studies.