Czech

4

Not applicable.

Knowledge: Students will have an overview of the position of the enterprise within the financial system, will know the economic criteria for decision-making on the legal forms of financing, the factors determining an enterprise’s needs and how these are incorporated into financial requirements, and the fundamentals of budget creation and revenue prediction from business plans. Students will gain an overview of potential sources of financing and the appropriateness of their use.
Skills: Students will be able to identify individual needs depending on the field that the enterprise works in and justify the needs for sources of financing, monetise processes taking place in the enterprise and select criteria for assessing the effectiveness of the chosen processes.
Abilities: Students will be able to produce the founding budget of an enterprise, i.e. define the property requirements and calculate the demand for sources of financing. They will be able to create the budget for an investment project and estimate future revenues based on specified parameters; apply appropriate methods for assessing investment projects. They will be able to determine the costs and expenses linked to individual sources of financing, judge the suitability of loan sources and leasing. They will be able to evaluate the effectiveness of the spending of available resources on the basis of financial analysis.

A knowledge of financial statements, corporate-economic terminology and mathematical functions.

Not applicable.

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

Course credit requirements:
a) Active participation in seminars: the student has a duty to actively participate in a minimum of five seminars. Not being prepared for a seminar is penalised by deducting 2 points for each seminar from the point score gained from tests on the examples. Being excused participation in a seminar is covered by BUT regulations.
b) Credit examination: At the end of the semester the student takes a test on examples (max. 35 points).
The student will be given the credit if they have at least 17.5 points from seminars. Assessment of the seminars is entered into the overall evaluation of the course.

WAY OF EXAMINATIONS: The written exam is oriented to verify theoretical and practical knowledge. The questions are formulated in the form of open and closed questions. The test is required 50% success rate.
RULES OF THE CLASSIFICATION: according to rules of study Examination of Brno University of Technology

1. Introduction to the course. The enterprise as part of the financial system.
2. Basic financial statements of the enterprise – information sources for financial decision-making.
3. Founding budget. Production factors and their requirements.
4. Management of current assets of the enterprise – inventory, receivables.
5. Investment decision-making – the budget for capital expenditure and income. Methods for assessing investment projects.
6. Sources of finance. Internal sources of finance.
7. Short-term financing (supplier credit, bank loans and support programmes).
8. Long-term sources of financing.
9. Operating cash flow – expenditure, income, methods for establishing cash flow
10. The financial objectives of the enterprise and their assessment. The process of analysing the enterprise’s financial results.
11. Financial ratios.
12. Analysing the profitability of the enterprise. Analysis of operational performance.
13. Aggregate indicators of the performance of an enterprise and approaches to their creation.

Not applicable.

The objective of the course is to acquaint students with the basic financial flows in the enterprise, and following and predicting these utilising relevant internal and external information. For this it is essential to handle approaches to defining an enterprise’s needs on the basis of the business plan and the chosen form of enterprise, learn methods of assessing the effectiveness of investment projects, apply economic criteria to inventory management and gain an overview of possible sources of financing an enterprise’s needs and approaches to evaluating their suitability.

Attendance at lectures is not compulsory, but is recommended.
Controlling results of independent work on assigned tasks. In case of absence from seminars, the teacher can in justified cases set additional conditions if appropriate, usually the production of a partial written task.

Not applicable.

Not applicable.

POLOUČEK, S. a kol. (2009) Peníze, banky, finanční trhy. Praha: C. H. Beck. 415 s. ISBN 978-80-7400-152-9. (CS)
POLOUČEK, S. a kol. (2006) Bankovnictví. 1. vydání. Praha: C. H. Beck. 716 s. ISBN 80-7179-462-7 (CS)
NÝVLTOVÁ, R. a REŽŇÁKOVÁ, M. Mezinárodní kapitálové trhy jako zdroj financování. Praha: Grada Publishing, 224 s. 2007. 978-80-247-1922-1 (CS)
MUSÍLEK, P.: Trhy cenných papírů. Praha: Ekopress, 2002. 459 s. ISBN 80-86119-55-6. (CS)
DVOŘÁK, P. Komerční bankovnictví pro bankéře a klienty. Praha: Linde, 1999 (CS)
MISHKIN, FREDERIC, S. The economics of money, banking, and financial markets, 8th ed. Boston: Pearson/addison Wsley, 2007. 0-321-28726-6. (EN)

REŽŇÁKOVÁ, M. (2005) Finance. Finanční systém. 1. díl. 1. vydání. Brno: CERM. 70 str. ISBN 80-214-3006-0. (CS)
REŽŇÁKOVÁ, M. Finance. Finanční systém. 2. díl. 1. vydání. Brno: CERM, 2005. 84 str. ISBN 80-214-3005-2 (CS)
RADOVÁ,J.a DVOŘÁK,P. Finanční matematika pro každého. 1. vyd. Praha: Grada, 1993. 175 s. ISBN 80-85623-27-7. (CS)

16 hours, optionally