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Finance

* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Course Unit Code154-0300/01
Number of ECTS Credits Allocated5 ECTS credits
Type of Course Unit *Compulsory
Level of Course Unit *First Cycle
Year of Study *First Year
Semester when the Course Unit is deliveredSummer Semester
Mode of DeliveryFace-to-face
Language of InstructionCzech, English
Prerequisites and Co-Requisites Course succeeds to compulsory courses of previous semester
Name of Lecturer(s)Personal IDName
DLU30prof. Dr. Ing. Dana Dluhošová
RIH40Ing. Dagmar Richtarová, Ph.D.
BOR30Ing. Martina Borovcová, Ph.D.
CUL33doc. Ing. Miroslav Čulík, Ph.D.
NOV329Ing. Josef Novotný, Ph.D.
VAL35Ing. Jiří Valecký, Ph.D.
LIS10Ing. Karolina Lisztwanová, Ph.D.
GUR022Ing. Petr Gurný, Ph.D.
Summary
The subject is focused on different areas of financial management and
decision – making of a firm including its relation to economics surroundings.
The aim is to present complex view on a firm’s management and micro and macro
aspect of entrepreneurial activities. Teaching is based on present situation
in the Czech Republic including actual legal changes.
Learning Outcomes of the Course Unit
The aim of the course is to learn the students fundamental principles of corporate finance.
Students will be able:
- to describe financial systemand to identify basic relationships between company and its surrounding,
- to explain financial statements of a company,
- to analyze financial situation of a company,
- to describe financial sources,
- to valuate an investment projects by applying given criterions.

Course Contents
1. Finance fundamentals. Goals and principles of financial management. Assets and financial structure of firm. Types and phases of financial decision - making. Influence of taxes and financial markets on corporate finance.
2. Relations between financial statements. Balance sheet, its importance in financial management. Optimization of financial structure of the company, costs of capital.
3. Profit/loss statement. Importance, costs, revenues. Accounting profit and its transformation for tax purposes. Distribution of the profit of the company.
4. Cash flow of the company. Importance, inflows and outflows. Methods for cash flow calculation. Integration of the financial statements.
5. Financial analysis – fundamentals, methods. Financial ratios. Ratios interpretation.
6. Net working capital and its management.
7. Current assets management.
8. Account receivables management. Cash management, models for cash management.
9. Short-term financial sources of the company.
10. Time value of the money.
11. Long-term financial sources of the company. Internal sources. Self-financing.
12. External sources of long-term capital.
13+14. Capital budgeting and investment valuation.
Recommended or Required Reading
Required Reading:
DLUHOŠOVÁ, Dana a kol. Finanční řízení a rozhodování podniku. Praha: EKOPRESS, 2010. 225 s. ISBN 978-80-86929-44-6.
MAREK, Petr. Studijní průvodce financemi podniku. Praha: EKOPRESS, 2006. 624 s. ISBN 978-80-86929-49-1.
RICHTAROVÁ, Dagmar a kol. Sbírka příkladů z finančního řízení a rozhodování podniku. EkF VŠB-TU Ostrava, 2013. 208 s. ISBN 978-80-248-3169-5.
DLUHOŠOVÁ, Dana a kol. Finanční řízení a rozhodování podniku. Praha: EKOPRESS, 2010. 225 s. ISBN 978-80-86929-44-6.
MAREK, Petr. Studijní průvodce financemi podniku. Praha: EKOPRESS, 2006. 624 s. ISBN 978-80-86929-49-1.
RICHTAROVÁ, Dagmar a kol. Sbírka příkladů z finančního řízení a rozhodování podniku. EkF VŠB-TU Ostrava, 2013. 208 s. ISBN 978-80-248-3169-5.

Recommended Reading:
FOTR, J., SOUČEK, I. Podnikatelský záměr a investiční rozhodování. Praha: Grada, 2005. 356 s. ISBN 80-247-0939-2.
GRÜNWALD, R., HOLEČKOVÁ, J. Finanční analýza a plánování podniku. Praha: Ekopress, 2007. 318 s. ISBN 978-80-86929-26-2.
KEOWN, A. J., MARTIN, J. D. and J. W. PETTY. Foundations of Finance. Pearson Education, 2011. 522 p. ISBN-13: 978-0-13-512236-5.
FOTR, J., SOUČEK, I. Podnikatelský záměr a investiční rozhodování. Praha: Grada, 2005. 356 s. ISBN 80-247-0939-2.
GRÜNWALD, R., HOLEČKOVÁ, J. Finanční analýza a plánování podniku. Praha: Ekopress, 2007. 318 s. ISBN 978-80-86929-26-2.
KEOWN, A. J., MARTIN, J. D. and J. W. PETTY. Foundations of Finance. Pearson Education, 2011. 522 p. ISBN-13: 978-0-13-512236-5.
Planned learning activities and teaching methods
Lectures, Tutorials
Assesment methods and criteria
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
Credit and ExaminationCredit and Examination100 (100)51
        CreditCredit25 (25)13
                CreditWritten test25 13
        ExaminationExamination75 38