The purpose of this course is to familiarize students with the tax system in Croatia, based on indirect taxes. For these purposes, students will be thoroughly familiar with the functioning of the taxation on value added tax. When it comes to value added tax, students will be familiar with all the characteristics of value added tax. Tax base and pre-tax deduction of incoming invoices will be discussed under this course. In particular they will discuss the specifics of tax services. In addition, students will be familiar with the specifics of real estate tax, excise and all other forms of indirect taxes in the Republic of Croatia.
This course will prepare students/managers for critical and analytical thinking while making business decisions based on currently available information from different types of financial reports. This way, students/managers should be able to use the knowledge they acquire in everyday situations in the companies where they work. This course includes topics such as interpretation and analysis of basic financial reports, cost calculation and the business budgeting process, and interpretation of new concepts used to measure company value for stockholders.
The course is designed to introduce students with a field of fraud prevention and detection within the company. Students will be introduced to the types of fraud, causes of fraud, profile of the fraudster, and red flags of fraud. Student will be able to understand the role of external auditor in fraud detection, and also the roles of management, internal audit and audit committee in fraud detection and prevention. Student will understand the importance of forensic auditing in fraud detection, and they will learn about the forensic audit process and techniques. Furthermore, students will be introduced with case studies of large corporate frauds such as Enron, WorldCom, Parmalat, Royal Ahold, Kanebo, and the bankrupt of the largest audit firms in the world, Arthur Andersen.
Conceived, as a continuation of the undergraduate course, in this course student will gain an ability to identify moral dilemmas in doing business and to formulate and solve these processes in a quicker and transparent way. Certain case studies will be critically evaluated and ethical decisions will be made in a transparent way. The course includes the following topics: ethical systems, ethical decision making in doing business – all in relation to customers, market, environment, procurement and international business. Furthermore, the place and role of a corporation will be analyzed in terms of its position towards culture, religion, tradition, government policy and legislation etc.
Auditing course is designed to provide the student with all aspects of auditing profession and modern trends in auditing in the world, in the European Union and in the Republic of Croatia. This course will provide students with knowledge in the field of internal and external auditing, and the application of International Standards on Auditing and the code of professional ethics for auditors. The students will learn about the audit process, including the final completion of audit and the formulation of audit report. This course provides the student with the knowledge on the role of auditors, the importance of audit committees and internal control. The students will learn about the current challenges in auditing profession (in the world and in the Republic of Croatia), and about the future trends in the world that are affecting financial reporting and auditing.
The aim of the course is to analyze the application of the International Financial Reporting Standards (IFRSs) through selected case studies. Students will be presented the regulatory framework for financial reporting in the EU and Croatia based on regulations and international standards. The content and structure of the IFRS will be historically reviewed. Special attention will be given to the formulation of the accounting policy in the areas of recognition and measurement of accounting categories as well as of publishing in the accounting reports pursuant to the IFRS.
The aim of this course is to familiarize students with the tax system in Croatia, based on direct taxes. For these purposes, students will be thoroughly familiar with the operation of the system of taxation through income tax and corporate income tax. When it comes to income taxes students will be familiar with all features of the income tax. For this purpose, it will be discussed about the type and manner of their income tax, about wages that are considered as income, tax base, taxing residents and nonresidents in Croatia, and more. When it comes to corporate income taxes, students will be familiar with the principles of taxation based upon different business events.
The aim of the internship is to enable students to apply academic knowledge and skills in a real business environment and to develop the accompanying independence, responsibility, and creativity necessary to perform business and work tasks in situations of practical business activities. Students are encouraged to connect their internship with the preparation of the graduate thesis in a way that through internship they apply the knowledge and skills acquired during their studies, but also in collecting and analyzing primary and secondary data and proposing recommendations based on that data.
The final step in graduate studies is writing a master thesis in the field chosen by the candidate and mentored by a professor teaching in this field. Before embarking on the research project, the candidate has to submit the proposal of his/her topic, including the methodology used in the research. The mentor assists the candidate in the course of his/her research project and the completion of his/her thesis.