Knowledge: The students will be informed about the position of the company in the financial system, the economic criteria of choosing a specific form of doing business, the principles of preparing founding budget and ways of estimating the cash flow resulting from investment actions. Students will be aware of potential sources of financing the business and their suitability of use.

Skills: The students will be able to identify financial needs according to given line of doing business and justify the need of sources of financing and to chose appropriate criteria for the assessment of certain processes.

Abilities: Student will be able to prepare a founding budget, i.e. to define the asset need and calculate the need of financing. They will be able to prepare the capital budget and to assess the expected cash flow based on the given parameters. They will be able to find the cost of capital and cash outflows related to a specific source of financing, to assess the suitability of selected debt financing form or lease. They will be able to analyse the efficiency in utilizing disponible capital by applying the tools of financial analysis.

Not required.

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.

CREDIT REQUIREMENTS: A mid-term test: Assessing the knowledge of topic taught from 1. to 5. week of the term, with maximum mark of 20 points. There is no retake possible for this test.
Final test: assessing the knowledge of topics of whole term, ith maximum mark of 40 points. There is one possible retake.
A minimum passing mark for being granted by the credits is 50 %, i.e. 30 point.

Student with individual study plan are obliged to pass the final test. The test date will be announced in the information system.

WAY OF EXAMINATIONS: A written exam, consisting of theoretical questions (both open-ended and close-ended). Assessment is in the line of Examination rules of BUT (minimum passing mark is 50 %, i.e. 20 points), the maximum assessment is 40 points.
The final mark is based on sum of point granted by credit and exam.

1. Introduction. Company as a part of a financial system.
2. Financial statements - an information source for financial decision making.

3. Founding budget. Production factors and their consumption.

4. Working capital management - inventories and receivables.

5. Capital budgeting - cash inflows and outflows related to an investment.

6. Financing the business - internal sources of finances.

7. Financing the business - external sources of finances.

8. Cash flow.

9. Aims of doing business and its evaluation.

10. Analysis of differential and ratio type indicators.

11. Analysis of  ratio type indicators.

12, Analysis of bankruptcy prediction models.

The aim of the subject is to provide students with basic knowledge on cash flows related to business, its analysis and possibilites of prediction using external and internal sources of information. 

For doing that, it is needed to manage the approaches to defining corporates need, based on the business plan and the given form of doing business, to learn the methods of financial planning and evaluation of the fixed assest recovery, to apply economic criteria of invnetory management, to define sources of financing the business needed to cover asset needs and its evaluation for the given case.

Attendance at lectures is not compulsory, but is recommended. Attendance at seminars is required and 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.

• Programme BAK-PM Bachelor's 2 year of study, summer semester, compulsory-optional