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Lecturer(s)
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Course content
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1. Types of business organizations - SOLE TRADER 2. Types of business organizations - PARTHNERSHIP 3. Types of business organizations - COMPANIES 4. Types of business organizations - FRANCHISING 5. Budgeting - process, advantages and disadvantages 6. Budgeting - planning a budget 7. Finances - CALCULATING RISKS 8. Finances - FINANCIAL STATEMENTS AND REPORTING 9. Finances - INTERPRETING AND UNDERSTANDING ACCOUNTS 10. Finances - RAISING FINANCES FOR SMES 11. Stakeholders - STAKEHOLDER ENGAGEMENT 12. Stakeholders - AUDITING
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Learning activities and teaching methods
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Dialogic Lecture (Discussion, Dialog, Brainstorming), Work with Text (with Book, Textbook)
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Learning outcomes
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The aim of this one term taught subject is to get the students acquainted with the basics of finance and financial management from the economic point of view as well as practice and deepen their active knowledge of the English language, strengthen the interdisciplinary approach to education and deepen the process of internalization. The subject is designed as very practical overlapping into the life of every day of the individuals as well as companies in various environments (including providing legal services).
The students will be able to understand and apply the principles of financial management on the level of individuals and companies and by the use of analysis of real life situations apply such skill in the future.
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Prerequisites
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active knowledge of basic English in connection with legal and business terminology
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Assessment methods and criteria
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Student performance
- active participation in the lessons - continual fulfilment of requested tasks - written work on selected area of concrete application - oral presentation of the written work
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Recommended literature
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Brigham, E.F. (2010). Financial management : Theory and Practice - 1st edition. Nelson Education Ltd.
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Brigham, E.F. (2013). Fundamentals of Financial Management - 7th edition. Concise.
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Brouwers, R., Koetzier, W. (2015). Basics of Financial Managment - 3rd edition. Houten.
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