Course detail
Economics of Company
FP-ERBECOEAcad. year: 2018/2019
The course focuses on categories of business economics, objectives and functions of a company, property and capital valuation of assets and liabilities, income and expenses, profit and their mutual relations. The course includes the basics of financial and investment activities and economic decision-making.
Language of instruction
Number of ECTS credits
Mode of study
Department
Offered to foreign students
Learning outcomes of the course unit
Prerequisites
Co-requisites
Planned learning activities and teaching methods
Assesment methods and criteria linked to learning outcomes
The classification is according to ECTS:
A100-90
B 89-80
C 79-70
D 69-60
E 59-50
F 49-0
Course curriculum
2. Objectives of a firm: Enterprise objective. Profit maximisation. Shareholder value.
3. Legal forms of entrepreneurship in the Czech Republic: Sole proprietorship. Business corporations. European legal forms of entrepreneurship.
4. Assets and capital structure of a company - Asset structure, Capital structure.
5. Revenues and costs of a company - Profit and loss statement.
6. Cash flow .
7. Costing - Cost accounting, Classification of costs, Costing methods.
8. CVP analysis.
9. Funding strategies.
10. Economic evaluation of investment projects
Work placements
Aims
Students gain theoretical knowledge in the field of business economics and business activities. Based on the acquired knowledge and skills students should be able to apply the knowledge in the company and in the business itself.
Specification of controlled education, way of implementation and compensation for absences
Recommended optional programme components
Prerequisites and corequisites
Basic literature
DAVID E. Financial Analysis and Decision Making. 2003 McGraw-Hill. ISBN 0-07-141559-9.
WHITE, G.I., SONDHI, A.C., FRIED, D. The analysis and use of financial statements. 3rd ed. Hoboken: John Wiley, 2003. ISBN 0-471-37594-2.
Recommended reading
HILTON, R.W., MAHER, M., SELTO, F.H.. Cost management: strategies for business decisions. 4th ed. Boston: McGraw-Hill/Irwin, 2008. ISBN 978-0-07-128799-9.
Classification of course in study plans
Type of course unit
Lecture
Teacher / Lecturer
Syllabus
2. Objectives of a firm: Enterprise objective. Profit maximisation. Shareholder value.
3. Legal forms of entrepreneurship in the Czech Republic: Sole proprietorship. Business corporations. European legal forms of entrepreneurship.
4. Assets and capital structure of a company - Asset structure, Capital structure.
5. Revenues and costs of a company - Profit and loss statement.
6. Cash flow .
7. Costing - Cost accounting, Classification of costs, Costing methods.
8. CVP analysis.
9. Funding strategies.
10. Economic evaluation of investment projects