1655 Financial and Legal Aspects of Management

1655 Financial and Legal Aspects of Management

  • Study programme and level: University degree programme Public sector governance 1st Cycle
  • 2nd or 3rd year
  • 6 ECTS
  • Course type: Elective
  • Lectures: 30
  • Other forms of study: 90
  • Individual work: 60
  • Lecturer: Tatjana Jovanovič, PhD and Iztok Rakar, PhD

1. Objectives and competences

Objectives

  • To acquaint students with basic financial concepts in public and private sector organizations
  • To acquaint students with the usefulness of financial reports
  • To acquaint students with legal aspect of management responsibility

Competences

  • The ability to recognize basic
  • The ability to distinguish financial-accounting specifics of public and private sector organizations
  • The ability to understand and use financial-accounting categories in financial reports

2. Content

  • The fundamentals of corporate law
  • The fundamentals of status law in public sector
  • The legal aspect of management responsibility for organization
  • The financing of organizations in public and private sector
  • The financial management of public sector organizations
  • The financial management of private  sector organizations
  • The accounting – language of managers
  • How to read the financial reports
  • The market activity in public sector
  • The financial analysis
  • Auditing
  • The longterm financial strategy

3. Readings

  • Eugene F. Brigham, Michael C. Ehrhardt: Financial management: Theory & Practice. South-western Cangage Learning, 2013.
  • Zaman Groff Maja, Hočevar Marko, Igličar Aleksander: Temelji računovodstva. Ljubljana: Ekonomska fakulteta, 2007
  • Igor Stubelj, Primož Dolenc, Suzana Laporšek: Poslovne finance s primeri in z rešitvami. Ljubljana : FinKin, 2016 ([Dob] : Grafika 3000)
  • Ivanjko, Š., Kocbek, M., Prelič, S. (2009). Korporacijsko pravo (2., predelana in dopolnjena izdaja). GV Založba, Ljubljana (izbrana poglavja)

4. Intended learning outcomes

Student:

  • Recognizes and explains the basic status forms of organizations in public and private sector
  • Recognizes and explains the basic financial concepts, sources and categories;
  • Explains the difference between financial and accounting part of organization activities
  • Explains the specifics of financial operations in public and private sector
  • Identifies the basic financial statements
  • Knows how to calculate financial-accounting indicators

5. Learning and teaching methods

  • student preparations for lectures
  • lecture

6. Assessment

  • written exam (100%)