Course detail

Corporate Financial Management

FP-RfrpPAcad. year: 2015/2016

The course focuses on the following topics: financial goals of entrepreneurship, property structure of the company, financial structure of the company (internal and external financial resources), cash flow of the company, capital planning and investment decisions, management of working capital.

Language of instruction

Czech

Number of ECTS credits

4

Mode of study

Not applicable.

Guarantor

prof. Ing. Mária Režňáková, CSc.

Department

Institute of Finances (ÚF)

Learning outcomes of the course unit

Students will be able to identify individual needs according to the area of company activity, they will be aware of the financial backing of these needs, they will be able to define and apply internal and external resources for corporate financing, as well as methods of capital planning and methods of evaluation of the investment efficiency, methods of cash flow quantification, basic methods of financial planning and financial analysis.

Prerequisites

Knowledge of account sheets, knowledge of account statement and accounting procedures for entrepreneurs, knowledge of cost accounting, mathematical knowledge of functions, knowledge of fundamental credit instruments for entrepreneurs from the banking sector.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

The course contains lectures that explain basic principles, problems and methodology of the discipline, and exercises that promote the practical knowledge of the subject presented in the lectures.

Assesment methods and criteria linked to learning outcomes

The course is completed graded credit. The condition for granting is successfuly completion of two written tests in terms of intended at the beginning of the semester. Reviews written test is based on the ECTS grading scale.

Course curriculum

Topics of lectures are the following:
-definition of selected basic concepts of traditional and modern conceptions of corporate finance, corporate finance objectives, corporate finance management role, concept of present value, calculation of profitability, concept of internal rate of return, the risk of changes in interest rates, nominal versus real interest rate;
-approach to the classification of financial resources;
-factors affecting the form and amount of corporate finance;
-financing and risks;
-internal financial resources;
-external financial resources;
-specific forms of corporate finance;
-business needs;

Work placements

Not applicable.

Aims

The main objective of the course is to provide students – by means of practical examples – with the necessary knowledge regarding main instruments of financial manager’s work. It requires mastering the up-to-date approaches to defining the needs of the company, defining possible resources for covering those needs, as well as mastering modern methods of evaluation of property and financial structure of the company, methods of financial planning and evaluation of investment projects effectiveness. Also necessary is to understand questions related to the cash flow management.

Specification of controlled education, way of implementation and compensation for absences

Control of results of independent work on assigned tasks. In case of excused absence from seminars, teacher can set additional condition if appropriate, usually elaboration of partial written task.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

Valach, Josef. Investiční rozhodování a dlouhodobé financování. 3. vyd. Praha: Ekopress, 2010. 465 s. ISBN 978-80-86929-71-2. (CS)

Recommended reading

BUSSE, F. J. Grundlagen der betrieblichen Finanzwirtschaft. 5. vyd. Muenchen-Wien, R. Oldenbourg Verlag 2003. 1092 s. ISBN 3-486-25406-5 (DE)
FREIBERG, F. Finanční teorie a financování. 1. vyd. Praha, ČVUT 1997. 214 s. ISBN 80-01-01101-1 (CS)
RADOVÁ, J.a DVOŘÁK, P. Finanční matematika pro každého. 3. vyd. Praha, Grada 2001. 259 s. ISBN 80-247-9015-7 (CS)
SEDLÁČEK, J.: Účetní data v rukou manažera. Finanční analýza v řízení firmy. 2. vydání, Brno, Computer Press 2000. 220s. ISBN 807226-562-8 (CS)
BREALEY, R.A. a MYERS, S.C. Teorie a praxe firemních financí. 1. vyd. Praha, Victoria Publishing 1992. 971 s. ISBN 80-85605-24-4 (CS)
VALACH,J a kol. Finanční řízení podniku. 2. vyd. Praha, EKOPRESS 1999. 324 s. ISBN 80-86119-21-1 (CS)

Classification of course in study plans

  • Programme MGR Master's

    branch MGR-ŘEP , 2. year of study, summer semester, compulsory-optional

Type of course unit

 

Lecture

20 hours, optionally

Teacher / Lecturer

prof. Ing. Mária Režňáková, CSc.

Syllabus

Topics of lectures are the following:
- Material and financial flow in the company
- Property and financial structure of the company – term “capital” from the corporate economics point of view,
necessity of corporate capital and its forms
- Financial structure of a company – classification of the forms of corporate finance, fundamentals of external
and internal financing
- Special forms of corporate finance (factoring, forfeiting, financial leasing)
- Basic information about the corporate finance position within the corporate hierarchy and survey of corporate
finance instruments
- Corporate cash flow
- Management of the corporate current assets
- Fundamentals of capital planning and evaluation of the investment efficiency

Exercise

10 hours, compulsory

Teacher / Lecturer

prof. Ing. Mária Režňáková, CSc.

Syllabus

The seminars are focused on practising the lectured topics and elaboration of case studies (both individually and in teams).