Corporate Finance
| Code | Completion | Credits | Range | Language |
|---|---|---|---|---|
| AE0B16FIP | Z,ZK | 4 | 2P+2S | English |
- Relations:
- It is not possible to register for the course AE0B16FIP if the student is concurrently registered for or has already completed the course B1B16ZFM (mutually exclusive courses).
- It is not possible to register for the course AE0B16FIP if the student is concurrently registered for or has already completed the course B1B16ZFM1 (mutually exclusive courses).
- Course guarantor:
- Martin Beneš
- Lecturer:
- Martin Beneš
- Tutor:
- Martin Beneš
- Supervisor:
- Department of Economics, Management and Humanities
- Synopsis:
-
Principles of finance, present value and alternative cost of capital, financial calculus, long-term finance, valuation of bonds and stocks, investment decision and net present value, IRR, comparison time period, annual equivalent value, inflation and return, capital asset pricing model, portfolio, sensitivity analysis and risk, WACC.
- Requirements:
-
No prerequisites.
- Syllabus of lectures:
-
1. Introduction to financial management
2. Accounting - principles, financial statements
3. Accounting 2 - analysis of statements, financial ratios
4. Present value concept, basic tasks
5. Advanced PV calculations - annuity and perpetuity factors, valuation of bonds
6. Financial decision criteria - NPV, IRR, payback period, profitability index
7. Complex tasks and NPV calculation
8. Valuation of common stock
9. Introduction to portfolio theory - diversification, beta coefficient
10. Risk and return - CAPM, APT
11. Capital budgeting and risk
12. Capital structure - WACC, leverage
13. Risk and project valuation - sensitivity analysis, scenario analysis, decision trees
14. Reserve lesson
- Syllabus of tutorials:
-
1. Introduction to financial management
2. Accounting - principles, financial statements
3. Accounting 2 - analysis of statements, financial ratios
4. Present value concept, basic tasks
5. Advanced PV calculations - annuity and perpetuity factors, valuation of bonds
6. Financial decision criteria - NPV, IRR, payback period, profitability index
7. Complex tasks and NPV calculation
8. Valuation of common stock
9. Introduction to portfolio theory - diversification, beta coefficient
10. Risk and return - CAPM, APT
11. Capital budgeting and risk
12. Capital structure - WACC, leverage
13. Risk and project valuation - sensitivity analysis, scenario analysis, decision trees
14. Reserve lesson
- Study Objective:
- Study materials:
-
1.Brealey, R.A., Myers, S.C. Allen F. Principles of Corporate Finance. McGraw-Hill. 2007
2.Sharpe, W.F., Alexander G.J. Investments. USA: Prentice-Hall, Inc. 1990
- Note:
- Further information:
- https://moodle.fel.cvut.cz/courses/AE0B16FIP
- Time-table for winter semester 2024/2025:
-
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 Wed Thu Fri - Time-table for summer semester 2024/2025:
-
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 Wed Thu Fri - The course is a part of the following study plans: