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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.
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Lecture
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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
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.