FINANSIJSKI MENADŽMENT U TURIZMU

After the succesfull comletition of the exam, the student will be able to: - Explain the notion of financial management and its role in tourism/hospitality companies - Describe and explain the principles of the financial policies - Describe and caculate the time value of money (simple and complex interests) and solve variety of financial problems related to it - Explain and describe the relations in the balance sheet and income statement - Explain the interconnectedness of the structure of liabilities and the decisions regarding the current assets - Explain and describe techniques of determining the rentability of the investment - Understand and explain the basic notions and the functing of the money market and the capital market - Explain and describe mergers and other tehniques of company restructuring