Financial Management in Tourism

Teachers

Included in study programs

Teaching results

Knowledge
To provide students with knowledge in the field of financing the needs of tourism actors, especially from public sources in their acquisition, use and evaluation of the effectiveness of their use.
Competences
The knowledge gained from this course and skills that students will be able to further use in practice will increase their competencies in decision-making processes for work in the field of financial management with emphasis on public resources obtained to support tourism and will be able to make decisions on obtaining and using these resources. responsibly based on the use of acquired knowledge and the application of skills.
Skills
The acquired knowledge and skills of students will enable students to acquire skills in analytical thinking in the application of acquired knowledge in solving practical problems using elements of critical thinking in application practice. At the end of the course the student is able to work out a proposal of the program budgetary structure in the field of tourism of central government body, local government body, request for subsidy and other non-retable financial grants and retable financial resources for the tourism support. Graduates have the core skills and knowledge to launch careers in the financial management in tourism of public administration and professional tourism organizations and tourism enterprises. They can look forward to roles such as:
- financial manager
- project manager
- monitoring manager

Indicative content

The aim of the course focuses on the studies of 13 main topics that are focused on financial management of public tourism support in a comprehensive of this support. Within the scope of the proposed subject this system includes central state administration bodies, but also for professional tourism organizations as well as local governments and tourism businesses and citizens.

Support literature

AERNOUDT, R. (2019). Financial Management in Practice: How Do I Finance My Enterprise? Spojené kráľovstvo: Intersentia Limited.
Financial Management - A simple Step. (2020). BecomeShakespeare.com.
HAJDUOVÁ, Z., MARKOVIČ, P., SMORADA, M., ŠRENKEL, Ľ. (2021). Finančný manažment. Zbierka príkladov. Praha : Wolters Kluwer.
NOVACKÁ, Ľ., ČERVENKA, P., DRÁBIK, P. (2018). Marketingová stratégia destinácie Bratislavský región - destinačný marketingový manažment a jeho aplikácia. Bratislava : Selale Education Business.
NOVACKÁ, Ľ. a kol. (2020). Súčasnosť cestovného ruchu v trajektórii budúcnosti (e-book). Zlín: Radim Bačuvčík - VeRBuM.
Zákon č. 91/2010 Z.z. o podpore cestovného ruchu v znení neskorších predpisov

Syllabus

1. Tourism development support system 2. Financing of support for tourism by central government authorities 3. Financing of support for tourism by local governments authorities 4. Principles of the budgetary process of public authorities in financing tourism support 5. Financial control of the use of public funds to the support tourism in public authorities 6. Subsidy system for the financing the development of destination management 7. Public procurement by public authorities and recipients of government grants and other non-repayable sources of funding 8. Holiday vouchers 9. Investment aid for tourism 10. Financing tourism development from EU sources, including Community programs 11. Financing tourism development from the European Economic Area funds and the Swiss Financial Mechanism 12. Credit and guarantee mechanism of state support in the financing of tourism enterprises 13. Selected aspects off tax and levy policy in SR as an indirect tool of financial support of tourism development

Requirements to complete the course

20% continuous written work
20% semester work
60% Final Exam

Student workload

Total study workload 104 hours, out of which:
Lecture attendance – 52 hours
Preparation for active forms – 10 hours
Project elaboration – 21 hours
Preparation for final exam – 21 hours

Language whose command is required to complete the course

Slovak

Date of approval: 06.03.2024

Date of the latest change: 20.02.2024