| Course Unit Code | 154-0335/02 |
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| Number of ECTS Credits Allocated | 4 ECTS credits |
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| Type of Course Unit * | Compulsory |
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| Level of Course Unit * | First Cycle |
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| Year of Study * | Second Year |
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| Semester when the Course Unit is delivered | Winter Semester |
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| Mode of Delivery | Face-to-face |
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| Language of Instruction | Czech |
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| Prerequisites and Co-Requisites | |
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| Prerequisities | Course Unit Code | Course Unit Title |
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| 154-0300 | Finance |
| Name of Lecturer(s) | Personal ID | Name |
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| DLU30 | prof. Dr. Ing. Dana Dluhošová |
| RIH40 | Ing. Dagmar Richtarová, Ph.D. |
| GUR022 | Ing. Petr Gurný, Ph.D. |
| Summary |
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| This course is devoted to the key issues of the financial management of a company, particularly long-term financing of a company from theoretical and practical point of view, capital budgeting, financial sources analysis and financial plan proposal. |
| Learning Outcomes of the Course Unit |
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The main aim of the subject is to deepen the knowledge in the area of financial management and decision-making by applying methods, anaysis and approaches obtained by graduating this course.
Students will be able:
- to undertake deeper financial analysis of a firm,
- to evaluate investment projects under different financing situations,
- to evaluate financial performance of a firm,
- to compare and evaluate financial sources of a firm,
- to propose financial plan of a firm,
- to evaluate a firm. |
| Course Contents |
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1. Introduction to the financial management – goals, principles, relationship between profitability and liquidity, financial management matrix.
2. Time value of money and risk in financial management of a company – risks classification, approaches to risk elimination and reduction.
3. Risk management – risk measurements, risk analysis of investment projects.
4. Capital budgeting – definition, investment strategies, investment classification, stages of investment process.
5. Investment projects valuation – estimation of parameters of investment projects, (cash flows, cost of capital, life-span, net present value).
6. Rules for investment project valuation – with respect to time (static, dynamic).
7. Rules for investment project valuation – with respect to the benefits for company.
8. Long-term financing of a company. Description of internal sources of company financing.
9. External sources of company financing – shares, bonds, bank loans. Pluses and minuses of particular sources. Tax shield.
10. Leasing – legal and tax aspects of leasing, types of leasing, advantages, disadvantages.
11. Other external sources of company´s capital - forfaiting, project financing, risk capital.
12. Financial planning – fundamentals, rules for financial planning, relationship between business and financial plan, structure of financial plan.
13. Short-term and long-term financial planning.
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| Recommended or Required Reading |
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| Required Reading: |
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BROOKS, R.: Financial Management: Core Concepts. Addison Wesley, 2009.
BRINGHAM, E.F.: Financial Management: Theory and Practice. South Western College, 2008.
TENNENT, J. Guide to Financial Management. Bloomberg Press , 2008. |
BREALEY, Richard a Steward MYERS. Teorie a praxe firemních financí. Praha: Albatros Media, 2013. 1072 s. ISBN 80-7187-150-8.
DLUHOŠOVÁ, Dana a kol. Finanční řízení a rozhodování podniku.Analýza, investování,oceňování,riziko,flexibilita,interakce. Jesenice: EKOPRESS, 2021. 257 s. ISBN 978-80-87865-71-2.
DLUHOŠOVÁ, Dana a kol. Finanční řízení a rozhodování. 3. vyd. Praha: Ekopress, 2010. 225 s. ISBN 978-80-86929-44-6.
FOTR, Jiří a Ivan SOUČEK. Podnikatelský záměr a investiční rozhodování. Praha: Grada, 2005. 356 s. ISBN 80-247-0939-2.
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| Recommended Reading: |
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BLOCK, S.B., HIRT, G.A.: Foundations of Financial Management. McGraw-Hill, 2008.
MOYER,R.CH., McGUIGAN, J.R., RAO, R.P. Contemporary Financial Management. South-Western College Pub, 2011.
TITMAN, S., MARTIN, J.D., KEOWN, J.A. Financial Management: Principles and Applications. Prentice Hall, 2010. |
CLAYMAN, M. R., FRIDSON, M. S. a G. H. TROUGHTON. Corporate finance a practical approach. WILEY. 2008. 451 p. ISBN 978-0-470-19768-4.
FOTR, J.; SOUČEK, I. Investiční rozhodování a řízení projektů. Praha: Grada, 2011.
FOTR, J.; HNILICA, J. Aplikovaná analýza rizika. Praha: Grada, 2009.
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.
VALACH, Josef a kol.: Investiční rozhodování a dlouhodobé financování. Praha: Ekopress, 2010. 513 s. ISBN 978-80-86929-71-2. |
| Planned learning activities and teaching methods |
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| Lectures, Tutorials |
| Assesment methods and criteria |
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| Task Title | Task Type | Maximum Number of Points
(Act. for Subtasks) | Minimum Number of Points for Task Passing |
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| Credit | Credit | 85 (85) | 85 |
| Zápočtový test | Written test | 85 | 85 |