Financial Management

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Lecturer:

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Department of Management and Economics

Synopsis:

The subject Financial Management provides a complex explanation of all essential financial management questions. Students have an opportunity to acquire an understanding of the main financial theory and concepts and their utilization in practical decision making and management of the enterprise. Students gain primarily knowledge of financial management role within a business and significance of capital market for financial management of the enterprise. The subject provides father knowledge of financial analysis and planning, various ways of financing business, risk management, valuation techniques and initial public offerings. sources. Subject deals father with analysis of commercial papers, leasing and project financing, system of payments and cash management. A significant emphases is placed on techniques and methods of financial planning and forecasting, methods of investment evaluation and investment risk assessment. Last part of the subject deals with the ways in which the cost of capital may be computed and with models of dividend policy.

Requirements:

The exam requirements are specified by curriculum of the subject. During training courses the active attendance, solution of cases and presentation of assigned themes is required.

Syllabus of lectures:

1.Function, activities and organization of financial management, financial strategy and goals, financial markets and institutions

2.Valuation of financial performance.

3.Statement of cash flow, cash flow statements analyses and creation

4.Working capital management and financing, cash management systems

5.Financial planning and forecasting and financial control

6.Investment project appraisal

7.Special sources of funds

8.Management of interests and currency risk

9.Assessment of securities and enterprises

10.Project financing

11.Cost of capital and methods of its computation. Relationship between risk and rates of return, risk assessment

12.Portfolio theory and capital asset pricing model. Models of dividend policy

13.Initial public offering

Syllabus of tutorials:

1.Financial planning

2.Financial planning

3.Cash-flow statements

4.Financial analysis, factoring

5.Special forms of obligations

6.Leverage effect

7.Credit management

8.Leasing

9.Investment appraisal

10.Mergers

11.Derivatives

12.Interest and currency risk

Study Objective:

Subject provides students with a complex explanation of all essential financial management questions. Students have an opportunity to acquire an understanding of the main financial theory and concepts and their utilisation in practical decision making and management of the enterprise. Students gain knowledge of financial management role within a business and significance of capital market for financial management of the enterprise. The subject provides father knowledge of financial analysis, working capital management and strategy of working capital financing. Great attention is paid to the various ways of financing business through short-term or long-term financial sources. Subject deals father with analysis of commercial papers, leasing and project financing, system of payments and cash management. A significant emphases is placed on techniques and methods of financial planning and forecasting, methods of investment evaluation and investment risk assessment. Last part of the subject deals with the ways in which the cost of capital may be computed and with models of dividend policy.

Study materials:

FREIBERG, František. Finanční management. 1. vyd. V Praze: České vysoké učení technické, 2009. 214 s. ISBN 978-80-01-04218-2.

FREIBERG, František. Finanční controlling. Management Press, Praha 1996

FREIBERG, František. Cash-flow. Management Press, Praha 1997

MRKVIČKA, Josef a STROUHAL, Jiří. Manažerské finance. 3., aktualiz. vyd. Praha: Institut certifikace účetních, C2014. 331 s. Vzdělávání účetních v ČR. Učebnice. ISBN 978-80-86716-92-3.

BREALEY, Richard A., MYERS, Stewart C. a ALLEN, Franklin. Teorie a praxe firemních financí. 2., aktualiz. vyd. Brno: BizBooks, 2014. 1096 s. ISBN 978-80-265-0028-5.

ŽIVĚLOVÁ, Iva. Business finance. Issue 1st. Brno: Mendel University in Brno, 2013. 174 s. ISBN 978-80-7375-849-3.

JINDŘICHOVSKÁ, Irena. Finanční management. Vyd. 1. V Praze: C.H. Beck, 2013. xviii, 295 s. Beckova edice ekonomie. ISBN 978-80-7400-052-2.

SLAVÍK, Jakub. Finanční průvodce nefinančního manažera: jak se rychle zorientovat v podnikových a projektových financích. 1. vyd. Praha: Grada, 2013. 175 s. ISBN 978-80-247-4593-0.

SCHOLLEOVÁ, Hana. Ekonomické a finanční řízení pro neekonomy. 2., aktualiz. a rozš. vyd. Praha: Grada, 2012. 268 s. Expert. ISBN 978-80-247-4004-1.

KISLINGEROVÁ, Eva a kol. Manažerské finance. 3. vyd. V Praze: C.H. Beck, 2010. xxxviii, 811 s. Beckova edice ekonomie. ISBN 978-80-7400-194-9.

VALACH, Josef a kol. Investiční rozhodování a dlouhodobé financování. 3., přeprac. a rozš. vyd. Praha: Ekopress, 2010. 513 s. ISBN 978-80-86929-71-2.

Note:

Further information:

No time-table has been prepared for this course

The course is a part of the following study plans:

• 11 126 NSTI REP 2012 základ (compulsory course in the program)