Our institute was founded in 2004 by merging four departments famous for their high quality training and intensive corporate networking activities, and infamous for their strict testing methodologies – the Department of Investments and Corporate Finance, the Department of Finance, the Department of Managerial Accounting and the Department of Financial Accounting, in the hope of joining the previously fragmented research areas and harnessing synergy. The first Head of our Department was Tamás Bánfi, followed by János Bosnyák, and in 2012, János Lukács. Owing to the Bologna process our institute became responsible for the then launched Finance and Accounting Bachelor’s programme, and two Master’s Programmes (Finance and Accounting in Hungarian and in English). Then the Department of Business Law and the Business Ethics Center joined us, so at the moment we have nearly eighty teaching and researching staff in areas of macro and micro finances, accounting, taxation, corporate and contracts law, controlling and business ethics. We advocate establishing dual courses both on Bachelor’s and Master’s levels.
One of the main goals of the Institute is to prepare the students with up-to-date expertise that meet the global requirements in economics, factual and methodological knowledge in finance and accounting applications, which will make them capable of establishing and using factual data, raising skill capital as organisational assets, understanding, operating and developing financial and accounting systems, making strategic decisions, applying up-to-date planning, management, accounting and controlling procedures and methods, formulating organizational settings, reviewing and operating of information systems of international, national and regional enterprises, the evaluation of their development goals and offering recommendations, coordinating negotiating processes. We put an emphasis on improving the students’ critical thinking and communication skills as well as on talent management – as proven by the many successful scientific student papers, student contests, the high number of PhD students and teaching assistants. The departments of the Institute keep updating their teaching materials based on the national and global scientific literature. Many of our instructors teach in foreign languages too, and take part in organising international conferences and research projects as well as contributing to Hungarian and international publications. We also have a Finance Laboratory (FinLab) and a double function Accounting Laboratory (AccLab), unique in the region.