Input knowledge of business economics is expected

Students will be evaluated on the basis of a seminar paper focused on the financing of a business development project and a written test aimed at testing students' practical skills and application of theoretical knowledge.
Students can obtain 60 points for the seminar paper and 40 points for the written test. Classified credit is awarded if the student's overall grade is at least 50 points.

The seminar paper may be prepared in a team of up to three students. The composition of the team must be recorded in the e-learning no later than 8 November 2024.
The seminar paper must be submitted in e-learning by 15.12.2024 (23:59). For each thesis, the text and calculation part (.pdf and .xlsx/xls format) must be submitted. Late submission will be penalized (-10%). The latest date for submission of the seminar paper is 31.12.2024 (23:59), even after completion/correction. After this date, the thesis will not be accepted for assessment in this academic year.

Required main parts of the seminar paper:
- Introduction of the company for which the project will be developed, including economic results.
- Description of the business development project
- Forecast of the expected benefits of the project and the need for sources of financing for three years, i.e. a complete financial plan for three years (income and expense plan, projected balance sheet and cash flow plan) and its evaluation through financial analysis indicators
- Final assessment of the benefits of the project

The evaluation of the term paper is based on the level of completion of the assignment. The thesis is accepted if it scores at least 30 points (i.e. 50%). The thesis may be completed/revised once. Only students who score a minimum of 30 points for the seminar paper may participate in the written test (dates will be published in the IS).

The written test includes examples and theoretical questions. Students may repeat the test once.

The aim of the course is to:

- Familiarize students with fundamental concepts, current issues, and trends in business development financing in relation to corporate strategy.

- Present approaches to measuring company value and the process of determining company value.

- Guide students in understanding the principles and processes of creating a financial plan as part of a business plan, evaluating the effectiveness of business development projects, and managing project cash flow.

- Develop a clear understanding of potential sources of financing, their costs, and their utilization in business development decision-making.

Knowledge: Students will be able to describe and explain the evolution of business objectives at various stages of enterprise development. They can describe approaches to determining company value and the process of valuation, define basic value drivers. Students understand the significance of the cost of capital category for selecting appropriate financing sources. They will be capable of using diverse methods to construct financial plans and short-term budgets, understanding the limitations of each method. Students will be able to describe fundamental decision-making tasks related to corporate investment activities, as well as suitable methods for evaluating alternative solutions. They will possess knowledge of potential capital-raising options.

Skills: Students will be able to assess the suitability of business financing sources based on various criteria and terms of provision, establish criteria for evaluating investment projects according to project type and corporate goals. They can select appropriate approaches to measuring and considering risk in investment decision-making. They understand methods for hedging exchange rate risk and can calculate hedging costs. Students will be able to create a financial plan and evaluate its implementation.

Competencies: Students can propose suitable methods for financing business projects based on industry and business financial risk. They are capable of comprehensively assessing the economic efficiency of investment projects, including project risk analysis. They understand the limitations of different project efficiency evaluation methods and can consider non-financial factors in project sustainability. They can proficiently develop a financial plan for a business, including project cash flow planning, and implement measures to manage corporate cash flow effectively.

They are available in e-learning.

• Programme MGR-IM-KS Master's 1 year of study, winter semester, compulsory-optional
  
• Programme MGR-SRP-KS Master's 2 year of study, winter semester, compulsory-optional