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ECTS Course Overview

Financial Management

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

Course Unit Code154-0513/03
Number of ECTS Credits Allocated4 ECTS credits
Type of Course Unit *Choice-compulsory
Level of Course Unit *First Cycle
Year of Study *
Semester when the Course Unit is deliveredSummer Semester
Mode of DeliveryFace-to-face
Language of InstructionEnglish
Prerequisites and Co-Requisites Course succeeds to compulsory courses of previous semester
Name of Lecturer(s)Personal IDName
CUL33doc. Ing. Miroslav Čulík, Ph.D.
The course develops selected issues of the corporate finance fundamentals; in addition, new issues and problems are studied and explained in order to support the quality of the financial decision-making. Attention is paid particularly to financial analysis, financial planning and valuation.
Learning Outcomes of the Course Unit
The aim of the course is to introduse 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.
Course Contents
1. Podstata a principy finančního řízení a rozhodování.
2. Přístupy a metody hodnocení finanční výkonnosti firmy.
2. Elementární metody finančních analýz.
3. Pyramidové rozklady, analýza odchylek, predikční modely.
4. Kapitálová struktura firmy, náklady kapitálu, modely pro odhad nákladu kapitálu.
6. Optimalizace kapitálové struktury.
7. Kapitálové rozpočetnictví – cíl, základní principy, fáze, klasifikace investic. Predikce peněžních toků.
8. Kritéria hodnocení investičních projektů.
9. Analýza rizikových faktorů investic. Hodnocení a výběr vzájemně vylučitelných investic.
10. Zdroje financování firmy, základní pravidla financování, klasifikace. Porovnání vybraných zdrojů financování firmy.
11. Dividendy, dividendová politika firmy.
Recommended or Required Reading
Required Reading:
BRIGHAM, Eugene. Financial Management: Theory & Practice. New York: South-Western College Pub, 2019. 1180 p. ISBN 130563229X.
CLAYMAN, Michelle, et al. Corporate Finance: a practical approach. New York: Wiley, 2018. 528 p. ISBN 1118105370.
VERNIMMEN, Pierre et al. Corporate Finance: Theory and Practice. New York: Wiley, 2015. 1056 p. ISBN 0470092254.
BERK, Johnathan and Peter DEMERZO. Corporate Finance. Harlow: Pearson, 2020. 1144 p. ISBN 0273792024.
DLUHOŠOVÁ, Dana, et al. Financial Management and Decision-making of a Company. SAEI, Vol. 28. Ostrava: VSB-TU Ostrava, 2014. 259 p. ISBN 978-80-248-3619-5.
RICHTAROVÁ, Dagmar et al. Financial management and decision-making of a company: workbook with solution. SOT, vol. 15. Ostrava: VSB-TU Ostrava, 2013. 196 p. ISBN 978-80-248-3166-4.
Recommended Reading:
BENNINGA, S. Principles of Finance with Excel. London: Oxford University Press, 2017. 801 p. ISBN 978-0-19-975547-9.
LASHER, W.R. Financial Management.A Practical Approach. New York: South-Western College Pub, 2018. 837 p. ISBN 978-0-538-74358-7.
ROBINSON, T.R., et al. International Financial Statement Analysis. New York: Wiley, 2018. 828 p. ISBN 978-0-470-28766-8.
DAMODARAN, 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.
Planned learning activities and teaching methods
Lectures, Tutorials
Assesment methods and criteria
Tasks are not Defined