Course detail

Financing

FAST-MV04Acad. year: 2024/2025

Finances. Financial system. Tools and fundamentals of financial management. Foundation of the firm, its property and financial structure. Current assets in the firm, its management and financing. Short-term and long-term sources of property coverage. Financing of the project (order). The relation between the company and the state budget. Tax system in the Czech republic and its influence in company financing. Investment and national economy. Investment area (return, risk and liquidity). Time value of money. Feasibility study. Evaluation of economic efficiency and financial feasibility of structural investment projects. Procedures and methods for future development simulation of project. Economic efficiency ratios. Risk and uncertainty.

Language of instruction

Czech

Number of ECTS credits

5

Mode of study

Not applicable.

Guarantor

Ing. Eva Vítková, Ph.D.

Department

Institute of Structural Economics and Management (EKR)

Entry knowledge

Orientation in basic economic terminology and in economy of construction firm.

Rules for evaluation and completion of the course

Extent and forms are specified by guarantor’s regulation updated for every academic year.

Aims

To learn about fundamentals of financing. To understand to money flows in the order and basic methods of their control. Working with entire available money sources.Goal of this subjec
To get about knowledge and skills regarding to describe and analysis variables as inputs into calculation of economic efficiency. Creation of models for calculation of economic and financial feasibility of investment projects.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

BUTLER, Richard a DAVIES, Leslie a PIKE, Richard a SHARP, John: Strategic Investment Decisions. Routledge. London and New York, 1993. ISBN 978-0415075084. (EN)
KORYTÁROVÁ,Jana a FRIDRICH, Jaroslav a PUCHÝŘ, Bohumil: Ekonomika investic. Brno: Akademické nakladatelství CERM, s.r.o., 2002. ISBN 80-214-2089-8. (CS)
FOTR, Jiří a SOUČEK, Ivan: Podnikatelský záměr a investiční rozhodování. Grada Publishing, 2005. ISBN 80-247-0939-2. (CS)
SYNEK, Miloslav a kol.: Manažerská ekonomika. Grada Publishing, Praha, 2007. ISBN 978-80-247-1992-4. (CS)

Recommended literature

Not applicable.

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

Ing. Eva Vítková, Ph.D.

Syllabus

1. – 2. Finances. Financial system. Particular parts of financial system (budgetary, credit, business) and relations among them. Tools for management of particular parts of financial system.

3. Property and sources for property coverage. Golden rules of financing. Work capital.

4. Own and foreign long-term sources. Short-term liabilities for covering of current assets.

5. Management of cash flows in the structural order.

6.-7. Tax system in the Czech republic.

8. Investment and economy growth. Sorts of investment possibilities.

9. Theoretical appraisal for evaluation of economic efficiency of investment. Time value of money.

10.Feasibility study.

11.Economic analysis. Economic efficiency of investment ratios (NPV, IRR, PB).

12.Analysis of uncertainty according to project financial evaluation. Resources and reason of uncertainty. Inflation.

13.Risk and uncertainty analysis: profit, sensitivity and probability analysis

Exercise

26 hod., compulsory

Teacher / Lecturer

Ing. Eva Vítková, Ph.D.

Syllabus

1. Characteristic of property and sources for property coverage.

2. Orientation and creation of financial statement (balance-sheet, profit and loss account).

3. Depreciation of property.

4. Characteristic of short-term property and liabilities.

5. Charateristic and creation cash flow.

6. Income tax.

7. Indirect taxes.

8. Basic ratios for evaluation of the economic efficiency of investment.

9. Analysis of uncertainties - profitability, sensitivity and probability analysis.

10. Assignment of project - production of wooden Windows.

11. Continuation of project - profit and loss statement, cash flow statement.

12. Optimization of financial resources - credit, leasing, bonds.

13. Credit test, credit.