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Programme:

Finance and Accounting (2012/2013)

Study Cycle: Second Cycle (Postgraduate)
Faculty: Business and Economics
Academic year: 2020 / 2021
Title: Master of Economic Sciences / Module: Finance and Accounting
ECTS: 120 (2 years) Accrediation
Decision:

Program’s aims are:

  • Raising the level of management and supervision of enterprises and development of contemporary management;
  • Training and developing of contemporary profile managers: entrepreneurs, prepared to take actions, as well as risks related to any initiative, flexible, determined and courageous individuals;
  • Education of highly-qualified and professional managers with leadership abilities and desire to face the risks of the new millennium;
  • Creation of managers with new perspectives and way of reasoning, developing of skills for predicting the future and taking the risks and possibilities that emerge in the business of the 21st century.

Upon successful completion of the program students will be able:

  • To work individually and in groups onresearch methods that are more relevant for meeting the needs of the population,
  • To elaborate the differences and needs of the community, in professional and scientific terms.
  • To actively participate in creating macroeconomic and microeconomic policy.
  • To be inform and to contribute in scientific and professional elaborations.
Knowledge and understanding
  • Calculation of basic macroeconomic aggregates and critical analysis of current macroeconomic policies.
  • Providing a critical review of development policies and their application in national economy.
Applying knowledge and understanding
  • The ability to diagnose the actual market developments, predict the tendencies of these developments and analyze the effects of measures of economic policy on market movements.
Making judgement
  • Able to be involved in the position of leaders in profitable and unprofitable organizations in the country and around the world.
  • Analysis of the general processes of economic development in the world and especially the processes of transition, regionalization and globalization of world economic trends.
Communication skills
  • Allow the development of personal skills, communication, research and other important skills needed for employment.
  • Allowing students to actively engage in teaching and to conduct independent research in all areas of business and economics.
Learning skills
  • Develop the concept of critical thinking of the students.
  • Allowing the acquisition of research skills and experience of management, marketing and public finance, in private and nonprofit organizations.

Semester 1

  • [6 ECTS] Research Methodology
    The course focuses on a wide range of research methods that may be utilized within the frames of all social sciences. Attention is paid to the quantitative as well as qualitative research methods. The course is aimed at individuals who are in need of conducting social research as a part of their academic studies.
  • [6 ECTS] Advanced Economics
    The course is composed of two parts: microeconomics and macroeconomics. Within the frames of macroeconomics the consumer behaviour under existential conditions of budget restrictions and its target function are studied- utility maximization, as well as the enterprise behaviour within different market structures and their target function- profit maximization. In microeconomics, the factors of production and their prices, as well as the role of the state in regulating the businesses and the domains of market failure are also dealt with. Macroeconomics is concerned with the functioning of economics as a whole. In this context, the attention is focused on the most important macroeconomic concepts: gross domestic product, inflation, unemployment, savings, investments, rate of exchange etc. Special attention is dedicated to the factors that derange the macroeconomic balance, both in long and short terms, as well as the nature and character of the key macroeconomic policies which strive for approaching the movement of the factual gross domestic product, as much as possible, to the movement of the potential gross domestic product.
  • [6 ECTS] Strategic Management
    The course objective is to train the students to understand the decision-making process, that is as future managers, how to effectively make good business decisions. The course content enables the students to approach the Basics of the System Approach, System Analysis, Information Theory, Information System Theory, which are researched more widely in the following academic years. Decision making is an essential part of the managerial profession. Through performing tutorials with practical examples, students practice individual and team work. By doing so they are approaching the organizational reality and are becoming equipped for proper solving of the business problems.
  • [6 ECTS] Elective course 1
    • Applied Statistics
    • Money and Banks
    • Financial Markets and Institutions
  • [6 ECTS] Free elective course 1
    • Rhetoric
    • Methodology of Teaching
    • Multilingualism and multiculturalism
    • Selected Chapters of Advanced Topics in IT Applications for Preparing a Scientific Paper
    • Selected Chapters of Advanced Applications for Statistical Data Processing
    • Professional Communication
    • Labor Market

Semester 2

  • [6 ECTS] Financial Accounting - International and Local Accounting Standards
    The course covers the following: international accounting standards, capital, assets and long-term reserves, funds, liabilities, securities, customer requirements, prepaid expenses, accounts payable, short-term and long-term stocks, unearned revenue, tangible and intangible expenses, salaries expenses and depreciation, assigning VAT duties and profit tax, setting financial results.
  • [6 ECTS] Corporate Finances
    The course is an advanced course in Financial Management through which students have the opportunity to broaden their knowledge in the field. Thus, special attention is given to the following areas: sources of company financing, capital structure, financing the current transactions, investment financing, financial policy, and financial analysis.
  • [6 ECTS] International Finances
    Course aims are: * To understand how function international financial markets; * To build knowledge for factors that determine exchange rate; * Compare different methods for security of the exposedness of the exchange rate; * To understand the essence of the international monetary system; * To build knowledge of international finance and the use of global communications. * To define and use strategies for the assessment of joint ventures (joint venture), unification and buying various companies in order to gain access to new markets; * To understand the role and importance of the balance of the country's macroeconomic policy;
  • [6 ECTS] Elective course 2
    • Applied Statistics
    • Money and Banks
    • Financial Markets and Institutions
  • [6 ECTS] Free elective course 2
    • Rhetoric
    • Methodology of Teaching
    • Multilingualism and multiculturalism
    • Selected Chapters of Advanced Topics in IT Applications for Preparing a Scientific Paper
    • Selected Chapters of Advanced Applications for Statistical Data Processing
    • Professional Communication
    • Labor Market

Semester 3

  • [6 ECTS] Monetary Economics
    The course is includes the basic monetary concepts and policies, development of the monetary frame, macroeconomic and monetary analysis and utilization of regression analysis. It should provide students (conceptually and methodologically) with possibilities to analyze the different monetary policies, the relation between the monetary aggregates and macroeconomic variables, as well as the role of the different monetary and financial institutions in the process of the supply of money.
  • [6 ECTS] Financial Report Analisys
    The course includes: Basics of Financial Analysis, Types of Financial Analysis, Frame for Financial Report Analysis, Financial Reporting System, Basic Financial Reports, Accounting gains and means, Monetary Flow Analysis, Basics of Quotients and the Fiscal Analysis, Integrated Analysis, Analysis of Long-term Assets, Analysis of Financial Liabilities, Analysis of Financial Reports, Synthesis, Analysis of the Capital Structure.
  • [6 ECTS] Cost Accounting and Managerial Accounting
    The course includes: Calculating the product and service costs, types of costs, calculating and record keeping of the direct and indirect costs, Determining the job ordered costs (JOC), Determining the production costs (PC), Distribution of the indirect costs on the grounds of the ABC method (ABC), Cost-Volume-Profit Analysis (CVPA), Absorption Costing and Variable Costing, Master Budget, Flexible Budget, Capital Budgeting, Cost Control, Cost Centers, Profit Centers, Investment Centers, Making business decisions on grounds of relevant information.
  • [6 ECTS] Elective course 3
    • Portfolio Management and Risk Management
    • Auditing
    • Game Theory
    • Urban Economics
  • [6 ECTS] Elective course 4
    • Portfolio Management and Risk Management
    • Auditing
    • Game Theory
    • Urban Economics

Semester 4

  • [30 ECTS] Master Thesis
    After passing examinations, the student may begin the procedure of filing, making and public defense of thesis topic. The student chooses the mentor, who gives him instructions for preparation of the application of master theses. The application must be granted by the Graduate Studies Educational Collegium and the Scientific and Academic Council of the Faculty. After preparing the final version of Masters Thesis, Academic-Scientific Council of Faculty forms a three-member committee, which prepares the report, which is may be accepted or rejected. The positive report is approved by the Academic-Scientific Council and it is set the date of public defense. After successfully defending the thesis, the student gains the degree - Master of Economic Sciences / Field: Finance and Accounting.
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