Enterprise Finance

Lecturer:

František Freiberg (gar.)

Tutor:

František Freiberg (gar.)

Supervisor:

Department of Management and Economics

Synopsis:

The subject Financing of the Enterprise provides a broad-based introduction to financial management. Students have an opportunity to acquire an understanding of the main con-cepts and their practical application in decision-making. Students gain knowledge of financial management role within a business, financial ratios, nature and purpose of projected finan-cial statements and their role in the development of future plans for a business and in the assessing the impact of management decision on the performance and position of a busi-ness, factors which must be taken into account when managing the working capital of a business, various aspects of financing the business through external and internal sources of finance available to a business, ways how business can make decision and evaluation involv-ing investments in new technology, and various aspects of mergers and takeovers.

Requirements:

The exam requirements are specified by curriculum of the subject. During training courses the active participation, the solution of examples and presentation of given subject are re-quired.

Syllabus of lectures:

1.Introduction in financing of the enterprise, financial management role and function, financial objectives

2.Structure, analyses and interpretation of financial statements, classification and utilisa-tion of financial ratios

3.Management of working capital, cash management, working capital financing

4.Receivables management

5.Cash flow creation and analysis

6.Long-term and short-term sources of finance

7.Special resources of funds

8.Role and efficiency of capital markets

9.Liquidity management, cash management, system of payment

10.Financial planning, importance, preparation and evaluation of planned financial state-ments, sensitivity analyses, financial control

11.Characteristic of investment decision process, investment evaluation methods, risk evaluation of investment projects

12.Financial aspects of mergers and acquisitions

13.Summary, conclusion

Syllabus of tutorials:

1.Foundation of corporation

2.Capital requirements, cash flow statements

3.Receivable management

4.Ratio analysis

5.Valuation of account payable

6.Management of current liquidity

7.Credit management

8.Cost of credit, internal sources of finance

9.Leverage effect

10.Financial planning

11.Investment appraisal

12.Repetitiveness

13.Conclusion

Study Objective:

Study materials:

Základní:

Financování podniku, skripta ČVUT, Praha 2007

Freiberg,F.: Finanční controlling. Management Press, Praha 1996

Freiberg, F.: Cash-flow. Management Press, Praha 1997

Doporučená:

Brealey,R.A.-Myers,S.C.: Teorie a praxe firemních financí. Praha, Victoria Publishing 1994

Kislingerová,E.: Manažerské finance, C. H. Beck, Praha 2004

Valach,J.: Finanční řízení podniku. 2. vydání, Praha, Ekopress, 1999

Note:

Time-table for winter semester 2011/2012:

Time-table is not available yet

Time-table for summer semester 2011/2012:

	06:00–08:0008:00–10:0010:00–12:0012:00–14:0014:00–16:0016:00–18:0018:00–20:0020:00–22:0022:00–24:00
Mon
Tue	roomT4:C2-133 Freiberg F. 09:00–10:30 (lecture parallel1) Dejvice Poslucharna 133
Fri	roomKN:B-129 Freiberg F. 07:15–08:45 (lecture parallel1 parallel nr.101) Karlovo nám. Poslucharna KB129 (B14)roomKN:B-129 Freiberg F. 09:00–10:30 (lecture parallel1 parallel nr.102) Karlovo nám. Poslucharna KB129 (B14)
Thu
Fri

The course is a part of the following study plans: