Course detail

Financial Management of the Corporate

FP-PfmDEAcad. year: 2017/2018

Financial goals. Strategic financial decision making. Strategic investment decision making. Mergers and acquisitions, company value estimates. Methods of financial planning. New methods of capital budgeting. Solvency management.

Language of instruction

English

Number of ECTS credits

0

Mode of study

Not applicable.

Learning outcomes of the course unit

After completion of the course, student is able:
- to define company tasks and goals;
- to decide on suitability of financing forms;
- to apply company valuation methods;
- to apply the methods of financial planning;
- to know short-term liquidity management models.

Prerequisites

The course develop previously acquired knowledge of economic theory and business economics.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Self-study, discussion, presentation.

Assesment methods and criteria linked to learning outcomes

The classification included defense essay and discussion of theoretical foundations of the problem. Topics will be awarded based on the individual student's research orientation.

Course curriculum

1. Definition of company financial goals and their measuring.
2. Strategic company valuation and its' performance.
3. Methods of strategic financial making.
4. Factors of investment strategy assessment. Risks in investment projects.
5. Company liquidity management.

Work placements

Not applicable.

Aims

The aim of the course is to familiarize students with theoretical approaches to defining financial goals, and their projection into financial management. From this perspective, the objective of the course:
- Present approaches to defining financial goals, and discuss them with students;
- Discuss ways of achieving business objectives and criteria of classification;
- To analyze methods for determining the value of the company by yield methods and comparative methods;
- Discuss the reasons for failure of mergers and acquisitions;
- Learn methods of risk analysis of investment projects;
- Focus on ways to identify financial risks of enterprises and ways of their elimination.

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

Attendance at lectures is not compulsory, but is recommended.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

DAMODARAN, A. Applied corporate finance: a user´s manual. 2nd ed. Hoboken: John Wiley & Sons, c2006. 658 s. ISBN 0-471-66093-0. (EN)
DAMODARAN, A. Damodaran on valuation: security analysis for investment and corporate finance. 2nd ed. Hoboken: John Wiley & Sons, c2006. 685 s. ISBN 0-471-75121-9. (EN)
BRIGHAM, E.F - EHRHARDT. M.C. Financial management: Theory and Practice. 12th Edition.South-Western, 2008. ISBN 978-0-324-42269-6 (EN)
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)
MAŘÍK, M. a kol. Metody oceňování podniku. Proces ocenění – základní metody a postupy. 3. upravené a rozšířené vydání. Praha: Ekopress. 2011. 494 s. ISBN 978-80-86929-67-5. (CS)
MAŘÍK, M. a kol. Metody oceňování podniku pro pokročilé. Hlubší pohled na vybrané problémy. Praha: Ekopress. 2011. 548 s. ISBN 978-80-86929-80-4. (CS)
MAŘÍKOVÁ, P., MAŘÍK, M. Diskontní míra pro výnosové oceňování podniku. Praha: VŠE Praha, Nakladatelství Oeconomica. 2007. 242 s. ISBN 978-80-245-1242-6. (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)
McKINSEY & COMPANY, KOLLER, T., GOEDHART, M., WESSELS, D. (2005) Measuring and Managing th Value of Companies. 4th Editon (University Edition). New Jersey: Wiley. 742 p. ISBN 978-0-471-70221-4. (EN)
REŽŇÁKOVÁ, M. a kol. Řízení platební schopnosti podniku. Praha: Grada, 2010. 190 s. ISBN 978-80-247-3441-5. (CS)
REŽŇÁKOVÁ, M. Efektivní financování rozvoje podnikání. Praha: Grada, 2012, 142 s. ISBN 978-80-247-1835-4 (CS)

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme DSP-E Doctoral

    branch DSP-PF-E-D , 2. year of study, summer semester, compulsory

  • Programme DSP-KS-E Doctoral

    branch DSP-PF-KSE-D , 2. year of study, winter semester, compulsory
    branch DSP-PF-KSE-D , 2. year of study, summer semester, compulsory

  • Programme DSP-E Doctoral

    branch DSP-PF-E-D , 2. year of study, winter semester, compulsory

Type of course unit

 

Seminar

20 hours, optionally

Teacher / Lecturer