Fall semester (September - February)

  • Direct and Indirect Taxes (5 ECTS)

    The course primarily aims at giving the students basic knowledge in the area of taxes and tax system of the Republic of Croatia with special emphasis on the direct taxes. Students will also get acquainted with accounting aspect of legal regulations and norms in field of public finance. Students will study regulatory rules for calculation and collection of direct taxes and their implications on accounting reports, first of all on balance sheet and income statement. Attention will be focused on profit tax and income tax as the most important direct taxes. During course students will solve case studies and practice their critical and analytical opinion which will enable them to gain practical knowledge about profit tax calculation and income tax calculation, and about submission of tax application as well.

  • Managerial Techniques (5 ECTS)

    The main objective of this course is to train students and future managers for critical and analytical thinking in the process of business decision-making based on different types of financial and accounting information prepared by managerial accounting & controlling. With obtained knowledge, students should be able to solve real examples from the daily operations of companies in which they work. The course covers a wide aspect of financial and accounting

  • Internal Audit (5 ECTS)

  • Financial Fraud Detection (5 ECTS)

    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.

  • Quantitative Methods for Managers (5 ECTS)

    The course is specifically designed to provide MBA students with the knowledge and skills required to excel in the quantitative methods in finance. This course integrates quantitative analysis methods, econometric models, and financial applications to help students master the essential concepts and techniques necessary for success in the CFA program. The course begins with an overview of statistical concepts and techniques, ensuring that students have a solid foundation in data analysis, probability, and statistical inference. Students will learn how to summarize and interpret data, understand probability distributions, and apply statistical tests to draw meaningful conclusions. The course progresses to econometric modeling with a specific focus on its application in finance. Students will learn how to specify and estimate econometric models and assess the statistical significance of financial variables.

Spring semester (March - July)

  • Financial Statement Audit (5 ECTS)

    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.

  • Financial Reporting and Analysis (5 ECTS)

    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.

  • Value Maximization (5 ECTS)

    This course helps students understand the constant and systematic management of functions within organizations so that they are competitive in today’s market. As part of this course, students do a Capstone computer simulation. The importance of value maximization for shareholders and a number of other points of view are discussed using theoretical concepts applied in the simulation. Students manage all aspects of business: production, marketing, logistics, finance, human resources, etc.

  • Leading in Organizations (5 ECTS)

    Different forms of leadership are key to the survival of all types of organizations. With the help of practical examples and role-playing, this course emphasizes motivation, understanding, interpersonal relationships, communication models, change management, listening skills, teamwork, conflict resolution, negotiation, time management, goal setting and organizational values.

  • Internship (3 ECTS)

    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.

  • Graduate Thesis (7 ECTS)

    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.

  • Business Ethics, CSR and Sustainability (6 ECTS)

    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.