Course detail

Financial Management of the Corporate

FIT-FIMAcad. year: 2015/2016

Financial goals and financial management principles. Strategic financial decision making issue of shares, issue of bonds, venture capital, capital structure decisions and dividend policy. Strategic investment decision making consideration of risk in investment decision making, investment portfolio. Mergers and acquisitions, company market value estimates. Contents and methods of financial planning. Capital budgeting. Solvency management net working capital, credit management, cash management, foreign exchange risk management.

Language of instruction

Czech

Number of ECTS credits

6

Mode of study

Not applicable.

Guarantor

prof. Ing. Mária Režňáková, CSc.

Department

Faculty of Business and Management (FP)

Learning outcomes of the course unit

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 apply company valuation methods
  • 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

Prerequisites

For successful completion of the course, you must have knowledge of accounting, be able to perform financial analysis and interpret the results of the financial analysis, understand the importance of a functioning financial market, have knowledge of the banking, financial mathematics and business economics.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Not applicable.

Assesment methods and criteria linked to learning outcomes

Výuka není kontrolována.

Course curriculum

    Syllabus of lectures:
    1. Company financial management. Aspects of strategic financial management. Content of financial management during different business life cycle phases.  
    2. Company financial goals. Economic Value Added. 
    3. Financing strategy Equity financing (internal, external stocks issue: capital market, types of stocks and related rights). 
    4. Financing strategy Equity financing (external stocks issue: increasing of owner's equity, venture capital).  
    5. Financing strategy Debt capital (bonds, bank loan). 
    6. Financing strategy Debt capital (leasing). Costs of capital and their utilization in financial decision making.  
    7. Financing strategy Company capital structure optimalization. Company dividend policy. 
    8. Market company valuation. Strategic company valuation. Financial Planning. 
    9. Investment strategy types of investment strategy. Capital Planning. Risks in investment projects.  
    10. Company liquidity management. Net working capital management 
    11. Credit management. Discount. 
    12. Cash management. 
    13. Foreign exchange risk management.

Work placements

Not applicable.

Aims

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.

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

Attendance at lectures is not compulsory, but is recommended. Attendance at seminars is checked by the tutor. Lessons are composed on the basis of weekly schedules. Way of substituting missed lessons is fully in competence of a teacher.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

BRIGHAM, E. F. & EHRHARDT, M. C. Financial Management: Theory and Practice, 2011, 1152 s. ISBN 978-1-4390-7809-9KISLINGEROVÁ, E. a kol. Manažerské finance. 2. přeprac. a rozš. vyd. Praha: C. H. Beck, 2010,811 s. ISBN 978-80-7400-194-9. REŽŇÁKOVÁ, M. a kol. Řízení platební schopnosti podniku. Praha: Grada, 2010. 200 s. ISBN ISBN 978-80-247-3441-5REŽŇÁKOVÁ, M. Efektivní financování rozvoje podnikání. Praha: Grada, 2012. ISBN 978-80-247-1835-9KISLINGEROVÁ, E., HNILICA, J. Finanční analýza krok za krokem. Praha: C.H.Beck. 2008. 135 s. ISBN 978-80-7179-713-5SYNEK, M., KOPKANĚ, H., KUBÁKOVÁ, M. Manažerské výpočty a ekonomická analýza. Prha: C.H.Beck, 2009, 301. ISBN 978-80-7400-154-3 (CS)NÝVLTOVÁ, R. REŽŇÁKOVÁ, M. Mezinárodní kapitálové trhy: zdroj financování. Praha: Grada, 2007. 222 s. ISBN 978-80-247-1922-1. SYNEK, M., KOPKANĚ, H., KUBÁKOVÁ, M. Manažerské výpočty a ekonomická analýza. Prha: C.H.Beck, 2009, 301. ISBN 978-80-7400-154-3REŽŇÁKOVÁ, M. Finanční management,1. a 2. díl. 3. vyd. Brno: CERM, 2005.FOTR, J. Strategické finanční plánování. Praha: Grada, 1999. 149 s. ISBN 80-7169-694-3.VALACH, J. Investiční rozhodování a dlouhodobé financování. 2. přeprac. vyd. Praha: Ekopress, 2005. 465 s. ISBN 80-86929-01-9. KRAĽOVIČ, J. a VLACHYNSKÝ, K. Finančný manažment. 2. vyd. Bratislava: IURA Edition, 2006.

Recommended reading

BRIGHAM, E. F. & EHRHARDT, M. C. Financial Management: Theory and Practice, 2011, 1152 s. ISBN 978-1-4390-7809-9KISLINGEROVÁ, E. a kol. Manažerské finance. 2. přeprac. a rozš. vyd. Praha: C. H. Beck, 2010,811 s. ISBN 978-80-7400-194-9. REŽŇÁKOVÁ, M. a kol. Řízení platební schopnosti podniku. Praha: Grada, 2010. 200 s. ISBN ISBN 978-80-247-3441-5REŽŇÁKOVÁ, M. Efektivní financování rozvoje podnikání. Praha: Grada, 2012. ISBN 978-80-247-1835-9KISLINGEROVÁ, E., HNILICA, J. Finanční analýza krok za krokem. Praha: C.H.Beck. 2008. 135 s. ISBN 978-80-7179-713-5SYNEK, M., KOPKANĚ, H., KUBÁKOVÁ, M. Manažerské výpočty a ekonomická analýza. Prha: C.H.Beck, 2009, 301. ISBN 978-80-7400-154-3 (CS)NÝVLTOVÁ, R. REŽŇÁKOVÁ, M. Mezinárodní kapitálové trhy: zdroj financování. Praha: Grada, 2007. 222 s. ISBN 978-80-247-1922-1. SYNEK, M., KOPKANĚ, H., KUBÁKOVÁ, M. Manažerské výpočty a ekonomická analýza. Prha: C.H.Beck, 2009, 301. ISBN 978-80-7400-154-3REŽŇÁKOVÁ, M. Finanční management,1. a 2. díl. 3. vyd. Brno: CERM, 2005.FOTR, J. Strategické finanční plánování. Praha: Grada, 1999. 149 s. ISBN 80-7169-694-3.VALACH, J. Investiční rozhodování a dlouhodobé financování. 2. přeprac. vyd. Praha: Ekopress, 2005. 465 s. ISBN 80-86929-01-9. KRAĽOVIČ, J. a VLACHYNSKÝ, K. Finančný manažment. 2. vyd. Bratislava: IURA Edition, 2006.

Classification of course in study plans

  • Programme IT-MSC-2 Master's

    branch MMI , 0 year of study, winter semester, compulsory-optional

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

prof. Ing. Mária Režňáková, CSc.

Syllabus

  1. Company financial management. Aspects of strategic financial management. Content of financial management during different business life cycle phases.  
  2. Company financial goals. Economic Value Added. 
  3. Financing strategy Equity financing (internal, external stocks issue: capital market, types of stocks and related rights). 
  4. Financing strategy Equity financing (external stocks issue: increasing of owner's equity, venture capital).  
  5. Financing strategy Debt capital (bonds, bank loan). 
  6. Financing strategy Debt capital (leasing). Costs of capital and their utilization in financial decision making.  
  7. Financing strategy Company capital structure optimalization. Company dividend policy. 
  8. Market company valuation. Strategic company valuation. Financial Planning. 
  9. Investment strategy types of investment strategy. Capital Planning. Risks in investment projects.  
  10. Company liquidity management. Net working capital management 
  11. Credit management. Discount. 
  12. Cash management. 
  13. Foreign exchange risk management.

Fundamentals seminar

26 hod., optionally

Teacher / Lecturer

prof. Ing. Mária Režňáková, CSc.