A student gets acquainted with the basic accounting knowledge, its role, types, principles and techniques; international accounting standards. Additionally a student learns fundamentals of taxation, role of taxes in the public budget as well as in the tax-payers budgets, tax strategies, consequences of excessive tax burden; legal aspects. He/she has ability to use accounting principles, as well as to prepare financial reports, record financial events in the books, e.g. to record leasing or consolidate financial reports in case of a merger, to use accounting knowledge in operational and strategic decisions of companies and other organisations (economic entities).