Curriculum - Zagreb School of Economics and Management

Curriculum

Fall Semester

COURSE TITLEECTS
Managerial accounting - Controlling3
Indirect Taxes5
Internal Audit4
Financial Fraud Detection6
Business Ethics and Corporate Social Responsibility6

INDIRECT TAXES (ECTS 5)

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.

FINANCIAL FRAUD DETECTION (ECTS 6)

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.

BUSINESS ETHICS AND CORPORATE SOCIAL RESPONSIBILITY (ECTS 6)

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.

Spring Semester

COURSE TITLEECTS
Financial Reporting and Analysis6
Advanced Financial Reporting 6
Financial Statement Audit6
International and EU Tax Law3
Direct Taxes5
Business Ethics and Corporate Social Responsibility3
Graduate Thesis10

FINANCIAL REPORTING AND ANALYSIS (ECTS 6)

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.

FINANCIAL STATEMENT AUDIT (ECTS 6)

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.

INTERNATIONAL AND EU TAX LAW (ECTS 3)

To successfully manage your private and business assets you need to know how much the state will charge you for it. If you want to work on the boards of multinational companies and be “a citizen of the world” you need to know how taxation of top managers is regulated. We will examine the basis of taxation for say a chalet that you might have in Switzerland or your dividends in a foreign joint stock company. You might have a company with branches all over the world or shares in foreign companies all of which can be subject to taxation in several countries.

DIRECT TAXES (ECTS 5)

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.

What students say about ZSEM?

Vitor Duarte

Professors at ZSEM are great since they resort to several innovative teaching methods, and most of the times I was able to learn from their personal experiences on the market. All of these made me feel very interested in the courses I was taking at the time and made me want to go for further knowledge.
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Sid Eshuis

I like best that it's a small school and also the teaching style - during lectures and seminars we work on real case studies. There's not too much theory and everything is very practice oriented, which is very different from my university back home.
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Matea Sokolar

From the beginning I had very high expectations about the MBA program at ZSEM, including both the subject courses and the professors. The thing that I liked the most was the way of teaching, especially from the international professors who encourage each lecture to have discussions and where students are encouraged to give their opinions. I also liked that the professors gave real life examples in class. Another thing that I liked about the program is that in both semesters, there were many international students so I had the opportunity to make friends from all over the world.
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