| Course Unit Code | 634-2018/01 |
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| Number of ECTS Credits Allocated | 5 ECTS credits |
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| Type of Course Unit * | Optional |
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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 | 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 | |
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| Prerequisities | Course Unit Code | Course Unit Title |
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| 634-2017 | Industrial Economics and Management |
| Name of Lecturer(s) | Personal ID | Name |
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| JAN48 | prof. Ing. Kamila Janovská, Ph.D. |
| KUT064 | Ing. Josef Kutáč, Ph.D. |
| Summary |
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The subject is focused on the detailed understanding of the principles of economic and financial management of industrial enterprises, both in the area of costs and revenues, as well as in the types of long-term and circulating assets and resources of its coverage. The explanation is also focused on information security and on the tools of this economic and financial management in the form of calculations, horizontal and vertical financial analysis and static and dynamic methods of investment evaluation. The subject also makes students familiar with external legal and economic factors affecting the industrial enterprise, especially within the tax system, subsidy policy, bank instruments, and bank loans.
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| Learning Outcomes of the Course Unit |
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Student will be able to:
- Characterize specification of economic and financial management of industrial companies.
- Define information basis of economic and financial management of industrial companies.
- Characterize conditions for ensuring economy and efficiency of production company.
- Explain methodics managing of variable and fix costs with using calculations and budgets.
- Define the specifics of the management of individual components of fixed and current assets at production companies.
- Calculate the indicators of horizontal and vertical financial analysis.
- Practice the principles of static and dynamic investment evaluation methods in investment decision making.
- Define the current tax system, explain the terms of banking hedging and payment instruments, and the conditions for obtaining bank loans.
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| Course Contents |
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1. Specifics of economic and financial management of industrial companies in the planning, monitoring, evaluation and decision-making processes.
2. Managerial accounting as an information base for the economic and financial management of industrial companies.
3. Possibilities to ensure the economy and efficiency of production companies.
4. Control of single (direct) and overhead variable costs in re-production (reversal point, calculation system).
5. Fixed costs management at production companies.
6. The specifics of managing fixed assets in the terms of production companies.
7. Specification of inventory management in the conditions of the manufacturing industry.
8. Possibilities of receivables management for domestic and foreign customers.
9. Specifics of Financial Analysis of Industrial companies (Profit and Loss Statement, Balance Sheet, Benchmarking).
10. Indicators of horizontal and vertical financial analysis focusing on the specifics of industrial companies.
11. Investment decision-making in terms of production companies, specifics of the pre-investment, investment and operational phase of the investment project. Static and dynamic methods of investment evaluation, time value of money, Discounted Cash Flow, net present value.
12. The main factors of the industrial company´s macroeconomics (taxes and tax system, tax burden, subsidy policies, transfer pricing, bank reinsurance and payment instruments, bank loans and conditions for their acquisition).
13. Tasks in the field of economic and financial management of an industrial company solved within the educational information system Bucad.
14. Case study - Using the Activity Based Costing method for scheduling overhead costs for service centers at manufacturing centers.
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| Recommended or Required Reading |
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| Required Reading: |
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WAHLEN, J., M., S., P. BAGINSKI a M., T. BRADSHAW. Financial reporting, financial statement analysis, and valuation: a strategic perspective. 8E. Boston: Cengage Learning, 2015. ISBN 978-1-285-19090-7.
GOLDMAN, A. J. a W. D. SIGISMOND. Business law: principles and practices. 8th ed. Mason: South-Western Cengage Learning, c2011. ISBN 978-0-538-74995-4. |
SYNEK, M. a E. KISLINGEROVÁ. Podniková ekonomika. 6. přeprac. a dopl. vyd. V Praze: C.H. Beck, 2015. ISBN 978-80-7400-274-8.
KALOUDA, F. Finanční analýza a řízení podniku. 3. rozšířené vydání. Plzeň: Vydavatelství a nakladatelství Aleš Čeněk, 2017. ISBN 978-80-7380-646-0.
MRUZKOVÁ, J. a K. LISZTWANOVÁ. Teorie nákladů, kalkulace a ceny. Ostrava: VŠB-TU Ostrava, 2013. ISBN 978-80-248-3164-0.
MCGUIGAN, J. R., R. Ch. MOYER a F. H. de B. HARRIS. Managerial economics: applications, strategies, and tactic. 14th edition. Boston: Cengage Learning, 2017. ISBN 978-1-305-50638-1. |
| Recommended Reading: |
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| SALVATORE, D. Managerial economics: principles and worldwide applications. International 8th ed. New York: Oxford University Press, c2015. ISBN 978-0-19-939715-0. |
MARTINOVIČOVÁ, D., J. VAVŘINA a M. KONEČNÝ. Úvod do podnikové ekonomiky. Praha: Grada Publishing, 2014. ISBN 978-80-247-5316-4.
KISLINGEROVÁ, E. Manažerské finance. 3. vyd. V Praze: C.H. Beck, 2010. ISBN 978-80-7400-194-9.
VANČUROVÁ, A. a L. LÁCHOVÁ. Daňový systém ČR 2016. 13. aktualizované vydání. Praha: 1. VOX, 2016. ISBN 978-80-87480-44-1.
studijní opora Ekonomika podniku: https://www.fmmi.vsb.cz/cs/katedry-a-pracoviste/634/vyukove-opory-katedry/index.html |
| Planned learning activities and teaching methods |
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| Lectures, Tutorials, Project work |
| 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 | 30 | 20 |
| Examination | Examination | 70 | 51 |