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CZECH TECHNICAL UNIVERSITY IN PRAGUE
STUDY PLANS
2023/2024

Financial Management

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Code Completion Credits Range Language
126FIMA Z,ZK 5 2P+2C Czech
Garant předmětu:
Aleš Tomek
Lecturer:
Aleš Tomek, Radan Tomek
Tutor:
Martin Čásenský, Aleš Tomek, Radan Tomek
Supervisor:
Department of Construction Management and Economics
Synopsis:

Advanced course in the financial management of a construction company - links to project finance and the system of intra-company economic management (centres).

Corporate budgets as a tool for implementing the company's strategy.

Liquidity management of a construction company - working capital management and cashflow forecast. Financial analysis and its application in a construction company. Financial controlling of the company and its functions. Valuation of construction companies. Corporate financial policies - optimal mix of debt and equity, financing of new projects, dividend policy. The EVA method. Project finance and its application in BOT projects. Financing of standard contract projects (domestic and international).

Requirements:

basic understanding of accounting and finance

Syllabus of lectures:

Financial analysis according to IAS, specifics of statements and indicators of the company's construction company.

Financial analysis according to IAS, indicators of liquidity, utilization of assets, indebtedness and profitability.

Indicators of the company's market value, limitations of indicator analysis.

Construction company budgets.

Analysis and increase of company performance, Du Pont decomposition, fin.leverage, sustainable growth rate, EVA.

Free cashflow concept and its application in construction company management, working capital management, EVA method.

Cost of capital, capital structure, dividend policy.

Methods of recognizing and preventing the bankruptcy of a company and crisis financial management of a construction company.

Banking and construction company.

Project Finance, PPP.

Construction supply systems.

Standard contracts (FIDIC) and financial management of their implementation.

Financing of international construction projects, inflation, exchange rate risks, issues of insurance and guarantees.

Syllabus of tutorials:

Lectured topics are further explained via case studies and/or examples.

Study Objective:

Objective 1: To acquire advanced knowledge of financial management in the construction industry in the context of the main functions of the business specifically for a large construction company (marketing and tenders, specific cashflow of large multi-year construction contracts, etc.)

Objective 2: Knowledge of project delivery systems and standard contracts.

Study materials:

! Tomek, A.: Finanční řízení ve stavebním podniku, ČVUT, 2000, ISBN 8001021513, aktualizovaná elektronická verze 2017

! Schleifer, T.C.: Managing the Profitable Construction Business: The Contractor's Guide to Success and Survival Strategies, John Wiley & Sons, 2014, ISBN13: 978-1118836941

! Peterson, Steven J.: Construction Accounting and Financial Management, Pearson, 3rd edition, 2012, ISBN 0133072924

Note:
Time-table for winter semester 2023/2024:
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
roomTH:B-476

12:00–13:50
(lecture parallel1
parallel nr.102)

Thákurova 7 (budova FSv)
B476
roomTH:B-476

14:00–15:50
(lecture parallel1
parallel nr.101)

Thákurova 7 (budova FSv)
B476
Tue
Wed
Thu
roomTH:C-217

16:00–17:50
(lecture parallel1)
Thákurova 7 (budova FSv)
C217
Fri
Time-table for summer semester 2023/2024:
Time-table is not available yet
The course is a part of the following study plans:
Data valid to 2024-07-18
Aktualizace výše uvedených informací naleznete na adrese https://bilakniha.cvut.cz/en/predmet4936006.html