Corporate Finance

Garant předmětu:

Lecturer:

Tutor:

Supervisor:

Department of Economics, Management and Humanities

Synopsis:

Financial ratios.Principles of accounting. Assets and liabilities valuation appreciation). Costs, revenues and profit. Analysis of balance sheet and income statement. Financial analysis of firm, methods and objectives. Budgets and controlling. Present value, opportunity cost. Long term finance. Investment efficiency evaluation techniques. IRR, NPV. The comparing period (the comparison period), an equivalent annual value NPV. Inflation and tax influence to investment decision. Capital Asset Pricing Model, WACC.

Requirements:

Syllabus of lectures:

1.Accounting - importance, subjects, objectives. Accounting principles.

2.Methodology of accounting.

3.Book-keeping of assets and liabilities, fixed and current assets.

4.Owners and financial accounts, asset depreciation.

5.Cost classification, cost and decision making.

6.Financial statements, auditing.

7.Profit and loss account and its analysis.

8.Cash flow statement, free cash flow.

9.Financial ratios.

10.Annuity, perpetuity, compounded and simple interest calculation.

11.Long term finance, WACC.

12.Investment efficiency evaluation techniques.

13.Comparison period, equivalent annual value.

14.Inflation and tax influence to investment decision.

Syllabus of tutorials:

1.Legal forms of business and accounting.

2.Balance sheet and its components.

3.Book-keeping of fixed and current assets, depreciation.

4.Examples of book entries.

5.Taxes in accounting.

6.Balance sheet and income statement - compilation and analysis.

7.Cash-flow statement.

8.Financial ratios.

9.Test.

10.Financial calculus.

11.Loans. Kinds of interest calculation.

12.NPV and IRR calculations.

13.Taxes, finance and NPV.

14.Comparison period. Complex projects.

Study Objective:

Study materials:

1. International Financial Reporting Standards, www.ifrs.org

2. Brealey, Myers, Allen: Principles of Corporate Finance. 9th edition, McGraw-Hill, 2007

Note:

Further information:

https://ekonom.feld.cvut.cz/cs/student/predmety/ucetnictvi-a-finance

No time-table has been prepared for this course

The course is a part of the following study plans: