Business economics

Lecturer:

Tomáš Podivínský (gar.), Erik Geuss

Tutor:

Tomáš Podivínský (gar.), Erik Geuss

Supervisor:

Department of Economics, Management and Humanities

Synopsis:

Targets and function of business, corporation life cycle. Cost classification, cost calculation, cost curves. Profit, production, price and cost relation. Taxes. Financial calculus and investment decision-making. Business plan. Management functions, corporation organizational schemes. Processes and firm management.

Requirements:

https://ekonom.feld.cvut.cz/web/index.php?option=com_content&task=section&id=7&Itemid=236

Syllabus of lectures:

1.Corporation and entrepreneurship, targets and function of business, legal forms of business.

2.Business plan - outline, creation, realization. Corporation financial and ownership structure.

3.Basic accounting principles. Assets, liabilities, costs and revenues. Financial reports - structure.

4.Cost classification, calculation methods. Profit, production, price and cost relations.

5.Introduction to financial analysis. Profit division, profitability and productivity.

6.Financial calculus - interest. Investment decision-making - marginal and average values. Opportunity cost.

7.Long term finance. Stock, bond, bank loan, leasing. Short term finance - business loan, bill of exchange.

8.Investment decision-making. Basic criteria (payback period, net present value, internal rate of return). Risk and uncertainty in business.

9.Tax system in CR. Income tax, consumption taxes, VAT.

10.Human resource management. Motivation, stimulation, communication. Team management. Manager's time management.

11.Corporate management, management function. Organisational schemes.

12.Public finance in private business.

13.Information systems in managerial practice.

14.Semestral project - presentation. Reserve.

Syllabus of tutorials:

1.Rules and guides (principles) of seminars, conditions of classified credit (assesment). Entrepreneurship, forms of business.

2.Introduction to financial calculus. Calculus of interest.

3.Accounting. Balance sheet, income statement and cash flow statement - structure and mutual relations.

4.Founder's budget. Semestral project specification. (Assignment of the semestral project). Managerial game.

5.Calculation methods - relations between profit, production, price and costs.

6.Operational leverage, break-even point analysis.

7.Break-even point analysis based on cash-flows. Costs calculation methods.

8.Productivity, profitability, basic financial indicators.

9.Investment decision-making - examples.

10.Finance, investment decision-making (economic effectiveness criteria).

11.Tax and accounting depreciation. Tax shield. Tax documentation.

12.Test. Semestral project handover.

13.Semestral project - presentation, case study - team management.

14.Classified credit assesment. Reserve.

Study Objective:

Study materials:

1.Glautier, M.W.E., Underdown, B.: Accounting - Theory and Practice. London 1991

Note:

Time-table for winter 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
Fri
Thu	roomZ2:B1-346 Podivínský T. 16:15–17:45 (lecture parallel1) Zikova ulice Ucebna K316roomZ2:B1-356 Podivínský T. 18:00–19:30 (parallel nr.1) Zikova ulice Konzultační místnost
Fri

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
Fri
Thu	roomZ2:B1-346 Podivínský T. 16:15–17:45 (lecture parallel1) Zikova ulice Ucebna K316roomZ2:B1-346 Podivínský T. 18:00–19:30 (lecture parallel1 parallel nr.1) Zikova ulice Ucebna K316
Fri

The course is a part of the following study plans:

• Cybernetics and Robotics - Robotics (compulsory course in the program)
• Cybernetics and Robotics - Senzors and Instrumention (compulsory course in the program)
• Cybernetics and Robotics - Systems and Control (compulsory course in the program)
• Communications, Multimedia and Electronics - Communication Technology (compulsory course in the program)
• Communications, Multimedia and Electronics - Multimedia Technology (compulsory course in the program)
• Communications, Multimedia and Electronics - Applied Electronics (compulsory course in the program)
• Communications, Multimedia and Electronics - Network and Information Technology (compulsory course in the program)
• Communications, Multimedia and Electronics (compulsory course in the program)
• Cybernetics and Robotics (compulsory course in the program)