Czech

5

Not applicable.

After completion of the course, student is able:
- to define company tasks and goals according to business life cycle;
- to decide on suitability of stock issues for business financing;
- to communicate with company investors, including venture capital funds;
- to decide, whether to own or to lease assets;
- to characterize content of business plan and methods of its creating, as well as to create financial sub-plans;
- to quantify optimal level of net working capital;
- to decide on making and accepting commercial loans;
- to understand risks of financial and investment decision making and to know ways how to consider and minimize them.
- to know short-term liquidity management tools.

Successful completion of the course is conditional on the knowledge of accounting, banking, financial mathematics and business economics. Students are also expected to be able to make company financial analysis.

Not applicable.

The course is focused on the explanation of the main principles and presentation of the decision problems as well solution of model situation.

EXAM
The exam is written and focuses on the verification of theoretical knowledge and practical applicability. The amount of theoretical knowledge are at the level by recommended literature, the questions are open and closed. Practical knowledge is verified by solving skills standardized examples, exercises in the consultation. The test is required 50% success rate.
Classification tests are defined by Rules for Studies and Examinations of BUT.

Contents of financial management. Financial objectives. Economic Value Added.
The funding strategy - own sources of financing (internal, external - IPO, venture capital). Foreign funding sources (bonds, bank loans, leasing). Cost of capital and their use in financial decision making. Optimize the capital structure of the company. The dividend policy of the company. Capital Planning. The risk of investment projects. Management of the undertaking's solvency. Management of net working capital. Credit management. Cash management.

Not applicable.

The aim of the subject is to make students familiar with company financial management problems with stress on effective fund raising and capital investing. From this point of view:
- to present principles of decision-making about utilization of company financial resources;
- to give consideration to financial planning issues including risk analysis;
- to address a problem of company liquidity management.

Attendance at lectures is not compulsory, but is recommended.

Not applicable.

Not applicable.

BRIGHAM, E. F. & EHRHARDT, M. C. Financial Management: Theory and Practice, 2011, 1152 s. ISBN 978-1-4390-7809-9 (EN)
REŽŇÁKOVÁ, M. a kol. Řízení platební schopnosti podniku. Praha: Grada, 2010. 200 s. ISBN ISBN 978-80-247-3441-5 (CS)
REŽŇÁKOVÁ, M. Efektivní financování rozvoje podnikání. Praha: Grada, 2012. ISBN 978-80-247-1835-9 (CS)
KISLINGEROVÁ, E. a kol. Manažerské finance. 2. přeprac. a rozš. vyd. Praha: C. H. Beck, 2007. 745 s. ISBN 978-80-7179-903-0. (CS)
NÝVLTOVÁ, R. REŽŇÁKOVÁ, M. Mezinárodní kapitálové trhy: zdroj financování. Praha: Grada, 2007. 222 s. ISBN 978-80-247-1922-1. (CS)
MAŘÍK, M. MAŘÍKOVÁ, P. Moderní metody hodnocení výkonnosti a oceňování podniku: ekonomická přidaná hodnota, tržní přidaná hodnota, CF ROI. Přeprac a rozš. vyd. Praha: Ekopress, 2005. 164 s. ISBN 80-86119-61-0. (CS)
VALACH, J. Investiční rozhodování a dlouhodobé financování. 2. přeprac. vyd. Praha: Ekopress, 2005. 465 s. ISBN 80-86929-01-9. (CS)
BREALEY, R.A. a MYERS, C.S. Teorie a praxe firemních financí. Praha: Computer Press, 2000. 1064 s. ISBN 80-7226-189-4. (CS)
KRAĽOVIČ, J., VLACHYNSKÝ, K. Finančný manažment. Bratislava: Iura Edition. 2006, ISBN 978-80-8078-042-0 (SK)
FOTR, J. Strategické finanční plánování. Praha: Grada Publishing, 1999. 149 s. ISBN 80-7169-694-3. (CS)

KISLINGEROVÁ, E. a kol. Manažerské finance. 2. přeprac. a rozš. vyd. Praha: C. H. Beck, 2007. 745 s. ISBN 978-80-7179-903-0. (CS)
REŽŇÁKOVÁ, M. a kol. Řízení platební schopnosti podniku. Praha: Grada, 2010. 200 s. ISBN ISBN 978-80-247-3441-5 (CS)
REŽŇÁKOVÁ, M. Efektivní financování rozvoje podnikání. Praha: Grada, 2012. ISBN 978-80-247-1835-9 (CS)
REŽŇÁKOVÁ, M. Finanční management, I. část. CERM: 2005, 125 s. ISBN 80-214-3035-4 (CS)
REŽŇÁKOVÁ,, M. Finanční management, II. část. CERM, 2005, 120 s. ISBN 80-214-3036-2. (CS)

35 hours, optionally