| Course Unit Code | 154-0368/01 |
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| Number of ECTS Credits Allocated | 5 ECTS credits |
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| Type of Course Unit * | Compulsory |
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| Level of Course Unit * | Second Cycle |
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| Year of Study * | First Year |
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| Semester when the Course Unit is delivered | Summer 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 | Course succeeds to compulsory courses of previous semester |
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| Name of Lecturer(s) | Personal ID | Name |
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| RIH40 | Ing. Dagmar Richtarová, Ph.D. |
| CUL33 | doc. Ing. Miroslav Čulík, Ph.D. |
| Summary |
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| The course Financial management and decision-making provides the students fundamental principles of financial decision-making, particularly with the importance of the financial statements for financial management, reflection of the time value of money and risk associated with the method of the investment project evaluation, mix of different sources of capital and its allocation into company´s assets to increase its market value. |
| Learning Outcomes of the Course Unit |
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The aim of the course is to introduce the students in selected areas of financial decision-making.
Students will be able:
- to introduce the importance of time value of money into decision-making,
- to apply investment criterions,
- to analyze and select optimal sources for company financing,
- to propose financial plan of a firm.
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| Course Contents |
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1. Principles of financial management and decision-making
2. Methods and approaches of the company´s financial performance assessment
3. Financial analysis of a company
4. Pyramidal decomposition, influence quantification and prediction models
5. Company´s capital structure, costs of capital, models for cost of capital determination.
6. Capital structure optimization.
7. Capital budgeting – objective, principles, stages, categorization of investments. Project´s cash flow prediction.
8. Investment project evaluation.
9. Analysis of risk factors of investments. Assessment and selection of mutually exclusive investments.
10. Capital sources of a company. Rules for assets financing. Comparison and selection of optimal source.
11. Dividends and dividend policy of a company.
12. Financial planning.
13. Company valuation.
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| Recommended or Required Reading |
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| Required Reading: |
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BROOKS, Raymond. Financial Management: Core Concepts. Pearson; 4th edition, 2018. 656 pp. ISBN 978-0134730417.
HIGGINS, Robert. Analysis for Financial Management. New York: McGraw-Hill, 2019. 464 s. ISBN 0077861787.
KINICKI, Angelo et al. Management: A Practical Introduction. McGraw-Hill Education; 6th edition, 2022. 672 pp. ISBN 978-0078029547.
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DLUHOŠOVÁ, Dana a kol. Finanční řízení a rozhodování podniku. 4. vyd. Jesenice: Ekopress, 2021. 257 s. ISBN 978-80-87865-71-2.
JINDŘICHOVSKÁ, Irena. Finanční management. Praha: Ekopress, 2013. 320 pp. ISBN 978-80-7400-052-2.
LASHER, W.R. Financial Management.A Practical Approach. New York: South-Western College Pub, 2018. 837 p. ISBN 978-0-538-74358-7.
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| Recommended Reading: |
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DDAMODARAN, Answath. Applied Corporate Finance. New York: Wiley, 2018. 638 p. ISBN 978-0-471-66093-4.
DAMODARAN, Answath. Corporate Finance: Theory and Practice. 2nd Edition. New York: Wiley, 2019. 1008 p. 978-0-471-28332-4.
ROSS, A., WESTERFIELD, W. Corporate Finance. 6th Edition, London: McGraw Hill/Irwin, 2022.882 p. ISBN 978-0-07-724612-9.
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BENNINGA, S. Principles of Finance with Excel. London: Oxford University Press, 2017. 801 p. ISBN 978-0-19-975547-9.
BACON, Franc, et al. Corporate Financial Management. 4th Ed. Livonia: XanEdu Publishing Inc., 2020. ISBN: 978-1975076825.
ROBINSON, T.R., et al. International Financial Statement Analysis. New York: Wiley, 2018. 828 p. ISBN 978-0-470-28766-8.
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| 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 and Examination | Credit and Examination | 100 (100) | 51 |
| Credit | Credit | 25 (25) | 13 |
| Zápočtová písemka | Written test | 25 | 13 |
| Examination | Examination | 75 | 38 |