Course detail

Corporate Finance

FP-FPAcad. year: 2011/2012

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

6

Mode of study

Not applicable.

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 management of the working capital.

Prerequisites

Knowledge of account sheets, knowledge of statement and accounting procedures for entrepreneurs, knowledge of cost accounting, mathematical knowledge of functions.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Teaching methods depend on the type of course unit as specified in the article 7 of BUT Rules for Studies and Examinations.

Assesment methods and criteria linked to learning outcomes

Conditions for awarding the course-unit credit: Active participation in exercises will be controlled and assessed by the teacher. Successful completion of three credit test.
Conditions for passing an exam: Knowledge of taught topics and its practical application.
Form of examination: Combined – a written test and an oral examination if necessary.

Course curriculum

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.

Work placements

Not applicable.

Aims

The main objective of the course is to provide students with the necessary theoretical knowledge regarding corporate finance. 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 planning and evaluation of investment projects. Also necessary is to understand questions related to the cash flow management and management of the working capital.

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, the 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

KONEČNÝ, M. Finance podniku – studijní text pro Daňové poradenství. 5. vyd. Brno, Ing. Zdeněk Novotný CSc. 2003. 86 s. ISBN 80-214-2450-2 (CS)
Zinecker, M. Základy financí podniku. 1. vyd. Brno: Akademické nakladatelství CERM, 2008. 194 s. ISBN: 978-80-214-3704-3. (CS)

Recommended reading

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)
BUSSE, F. J. Grundlagen der betrieblichen Finanzwirtschaft. 5. vyd. Muenchen-Wien, R. Oldenbourg Verlag 2003. 1092 s. ISBN 3-486-25406-5 (DE)
DRUKARCZYK, J. Finanzierung. 9. vyd. Stuttgart: Lucius and Lucius 2003. 564 s. ISBN 3-8252-1229-7 (DE)
FREIBERG, F. Finanční teorie a financování. 1. vyd. Praha, ČVUT 1997. 214 s. ISBN 80-01-01101-1 (CS)
GEYER, A., HANKE, M.,LITTICH,E., NETTEKOVEN, M. Grundlagen der Finanzierung. 2. vyd. Wien, Linde Verlag Wien 2006. 349 s. ISBN 3-7143-0041-4 (DE)
RADOVÁ, J.a DVOŘÁK, P. Finanční matematika pro každého. 7. vyd. Praha: Grada, 2009. 293 s. ISBN: 978-80-247-3291-6 (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)
STIEFL, J. Finanzmanagement. 1. vyd. München, Oldenbourg Wissenschaftsverlag GmbH 2005. 302 s. ISBN 3-486-57767-0 (DE)

Classification of course in study plans

  • Programme BAK Bachelor's

    branch BAK-DP , 3 year of study, winter semester, compulsory

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

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

13 hod., compulsory

Teacher / Lecturer

Syllabus

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