Corporate Financial Management

Garant předmětu:

Lecturer:

Tutor:

Supervisor:

Institute of Economic Studies

Synopsis:

The aim is to widen and deepen knowledge and skills in the field of financial engineering instruments, the financing needs of the company, as well as performance analysis. The main emphasis will be placed on understanding the company in its entirety and complexity, particularly with regard to the basic function of the target enterprise, increase market value and maximize wealth for shareholders.

Requirements:

For credit:

Mid-term test - 60% in minimum

Essay - according to information on the intranet

Examination Requirements:

Written test - Passing the test is a prerequisite for accession to the oral test, test the student must demonstrate knowledge of tools, models, the ability of their application and interpretation of results

Oral exam - the student can proceed to oral exam on the basis of a successful written test

Syllabus of lectures:

1. Balance sheet, Profit, Cash flow.

2. Long-term financing - resources, costs, risk - depending on the phase lifecycle.

3. The viewpoint affecting capital mix - interest tax shield, WACC, balance sheet rules, financial leverage.

4. Financial analysis, absolute indicators, horizontal and vertical analysis, ratio indicators - profitability, activity, liquidity, leverage, capital market productivity. Analysis of working capital. Aggregate indicators - Altman, IN05. EVA.

5. Methods of investment evaluation.

6. Specifics of finance depending on the stage of the life cycle.

Syllabus of tutorials:

1. Development of the company - a reflection of the financial statements.

2. The impact of debt on profitability - the analysis of financial leverage.

3. WACC, cost of equity.

4. View of the indebtedness.

5. Financial Analysis.

6. Evaluation of investments.

7. Case studies.

Study Objective:

The aim of the study is to gain knowledge and skills in the use of analytical tools and methods of evaluation of the company and the creation of synthetic outputs, which may help in further improving corporate governance in financial management.

Study materials:

Scholleová, H. Ekonomické a finanční řízení pro neekonomy. 2. aktualiz. a rozš. vyd. Praha : Grada Publishing, 2012. ISBN 978-80-247-4004-1.

Scholleová, H., Štamfestová, P. Finance podniku. Sbírka řešených příkladů a otázek. 1. vyd. Praha : Grada, 2015. 176 s. ISBN 978-80-247-5544-1.

Kislingerová, E. a kol. Manažerské finance. 3. vyd. Praha : C.H.Beck, 2010. ISBN 978-80-7400-194-9.

Knápková, A., Pavelková, D., Šteker, K. Finanční analýza. Komplexní průvodce s příklady. 2. roz. vyd. Praha : Grada, 2012. ISBN 978-80-247-4456-8

Note:

Further information:

No time-table has been prepared for this course

The course is a part of the following study plans:

• B-EK-prez.forma od 14/15 (compulsory course)
• B-PM-prez. forma od 14/15 (compulsory elective course)
• B-EK-prez.forma od 15/16 (compulsory course)
• B-PM-prez.forma od 15/16 (compulsory elective course)
• B-EK-prez.forma od 16/17 (compulsory course)
• B-EK-prez.forma od 17/18 (compulsory course)
• B-EM-P prezenční studium od 18/19 (compulsory course)
• B-EM-P prezenční studium od 19/20 (compulsory course)
• B-EM-P prezenční studium od 20/21 (compulsory course)
• B-EM-P prezenční studium od 21/22 (compulsory course)
• B-EM-P prezenční studium od 22/23 (compulsory course)