Course detail

Corporate Financial Management

FP-RfrpPAcad. 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

4

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 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

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:
1. Active participation in exercises will be controlled and assessed by the teacher – max. 100 points.
2. Successful completion of a credit test – max assessment: 100 points in due term.
3. Successful elaboration of semester work in pre-set deadline. Maximum 100 points.
4. Total number of points for awarding the course-unit credit has to be higher than 150.
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 – 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

Not applicable.

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)
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)
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

10 hod., optionally

Teacher / Lecturer

Exercise

20 hod., compulsory

Teacher / Lecturer

Syllabus

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