For study of the course, you must have a knowledge of accounting, be able to perform financial analysis and interpret the results of the financial analysis, understand the importance of a functioning financial market, and have a knowledge of the field of banking, financial mathematics and corporate economics.

The course ends with an exam. The exam is written and is aimed at testing the ability to solve model examples (summary example, partial examples) and knowledge of theory (open questions). The length of the exam is 180 minutes.
In order to pass the exam, it is necessary to achieve a minimum of 50% of the possible points in the exam.
The classification of the examination is carried out according to the principles defined by the Examination and Study Regulations of the BUT.

Attendance at the tutorials is not compulsory but recommended.
Participation is checked by short tests at the beginning of the consultation.

The objective of the course is to acquaint students with current problems and trends in the area of the financial management of an enterprise, based on a knowledge of financial systems, as well as business processes, and to teach students to appropriately apply methods of financial decision-making.
Knowledge: Students know what tasks are secured by the financial/economic unit, as well as the objectives which the enterprise follows in individual stages of its development, and the specifics of financial management in individual stages. They know how to describe the basic decision-making tasks, and develop appropriate methods for assessing alternative solutions. They know theoretical approaches to the optimisation of the capital structures of enterprises, models for determining the cost of capital, criteria for deciding on profit distribution and criteria for investment decision-making. Students know the theoretical basics of cash management as well as practical approaches.
Skills: Students are able to judge the suitability of sources of finance for enterprises according to various criteria and the conditions for provision, establish criteria for assessing investment projects by type of project and the objectives of the enterprise. They are able to choose the appropriate approach to measuring and considering risk in investment decision-making. They can also choose the appropriate arguments for communication with investors and creditors in gaining sources of finance, and when deciding on profit distribution. They are able to set the price, establish the price of funding sources and use these categories in financial decision-making. They know how to hedge foreign exchange risk, and can calculate the hedging cost.
Abilities: Students are able to propose an appropriate means of financing an enterprise according to the area of business and financing the risks of an enterprise when using the criteria of capital costs. They are able to comprehensively judge the economic efficiency of an investment project, including analysis of project risks. They know the limitations of the individual methods of evaluating the effectiveness of projects and are able to consider non-financial factors in the sustainability of a project. They are able to competently develop a financial project, including the schedule of net working capital, as well as short-term projected cash flows. They are able to implement measures to channel the cash flow of the enterprise.

Students have access to collections of examples in e-learning and study literature available in the library.

• Programme MGR-UFRP-KS Master's 1 year of study, winter semester, compulsory