General Accounting and Finance for Management

Subject	General Accounting and Finance for Management
Semester	6th semester (spring)
Type	Required (module: Applied Economics)
ECTS	9 ECTS
Study programme:	Business studies (Undergraduate)
Primary language:	Slovene

Introduction
The course will be conducted in the Slovene language and is a compulsory subject in accordance with an officially approved curriculum in the undergraduate study program Business Studies. During the course, the student learns the basic concepts of business accounting, business functions of the company (purchasing, production, sales ...), planning, finance and tax optimization of the company from a theoretical and practical point of view.
 
Prerequisites for inclusion in the course work
Students must understand the basic concepts of business and management of organizations as derived from secondary school curricula. The subject requires the use of basic mathematical techniques.
 
Goals
1. Present students the importance of accounting for decision making (for management);
2. Present students more complex cases of bookkeeping;
3. Provide students with information for deciding on individual business functions;
4. Present to students the information for business planning;
5. Introduce students with information for finance and tax optimization.
 
Competencies
1. Understanding accounting reports for deciding users of these reports;
2. Understanding information for individual business functions (purchasing, production, sales ...)
3. Acquiring knowledge as an appropriate basis for business planning
4. Acquiring knowledge as an appropriate basis for finance and tax optimization
5. Ability to analyze and synthesize
6. The ability of expert argumentation and decision-making
 
Learning outcomes
Acquire knowledge for practical use, for business decisions based on accounting information for top and middle management in the company.
 
Syllabus
1. Characteristics of other accounting information for the needs of internal users (Accounting information for decision-making by individual business functions - for employee decisions, technical decisions, purchasing decisions, production decisions, sales decisions, financial decisions; Accounting information for the purpose of supervising operations by location of responsibility)
2. Planning and preparation of accounting and business reports and business plans
3. The characteristics of finance and tax optimization (investments, VAT, income tax, corporation tax, international taxation ...)
 
Forms of work
• Teacher explanations
• Studying case studies
• Working in groups
• Individual case work
 
Methods (modes) of work
• explanation
• conversation / debate
• case study
 
Evaluation system and criteria
Knowledge testing are consists of three elements: 1) Seminar work; 2) On-course work; 3) Exam. For a positive assessment, at least 50% of all points must be collected.
 
Learning and study material

• Robnik, Lidija. 2020. Računovodstvo – elektronski učbenik. Ljubljana: Fakulteta za management in pravo Ljubljana.
• Slovenski računovodski standardi. 2016. Ljubljana: Inštitut za revizijo.
•  Selected chapters from current textbooks, scientific and professional contributions from renowned domestic and foreign journals and collections (will be listed promptly)
•   Material from lectures with basic content summaries and additional materials for exercises and discussion.

 
Recommended additional literature
•           Martin Ricketts (2008): The Economics of Modern Business Enterprise, Edward Elgers Publishing Limited, Cheltenham, UK;
•           Werner Pepels (2003): ABWL: Eine praxisorientierte, Einfuehrung in die moderne Betriebswirtschaftslehre, 3dr Ed., Fortis, Koeln
•           Actual papers from business finance area
•           Keown, A.J., Martin, J.D, Petty, J.W., Scott, D.F. 2005. Financial management.
 
Office hours:
•           After courses
•           By agreement