Detail předmětu

Finance and Accounting for Business Strategy

FP-EfabsPDAk. rok: 2018/2019

The financial environment
The financial statements of corporations. Interpretation of financial statement and limitations of such interpretation
Financial goals and financial management principles.
Strategic financial decision making – issue of shares, issue of bonds, venture capital, capital structure decisions and dividend policy.
Strategic investment decision making – consideration of risk in investment decision making, investment portfolio.
Financial planning. Capital budgeting.
Net working capital, credit management, cash management

Jazyk výuky

angličtina

Počet kreditů

8

Garant předmětu

prof. Ing. et Ing. Stanislav Škapa, Ph.D.

Zajišťuje ústav

Ústav financí (ÚF)

Výsledky učení předmětu

a) Explain key accounting and finance theories, with supporting calculations and using seminal research
b) Summarise a range of possible outcomes and recommendations within simulated and real life business contexts
c) Extract, interpret and analyse real financial data and information, and discuss the implications of the analysis
d) Critically evaluate sources of the above data and information regarding their relevance and reliability
e) Communicate effectively by written means to a business audience
f) Decide on suitability of financial resources for business financing
g) Communicate with company investors

Prerekvizity

Successful completion of the course is conditional on the knowledge of accounting, banking, financial mathematics and business economics. Students are also expected to be able to make company financial analysis.

Plánované vzdělávací činnosti a výukové metody

The course is focused on the explanation of the main principles and presentation of the decision problems as well solution of model situation.

Způsob a kritéria hodnocení

Module will be evaluated on the basis of:
I. Final Exam - 50% of final grade (the comprehensive final exam covering the entire module)
II. Presentation of Papers - 50% of final grade (The short papers will be written in English. They will regard different topics related to the module material.)

Osnovy výuky

The financial environment
The financial statements of corporations. Interpretation of financial statement and limitations of such interpretation
Financial goals and financial management principles.
Strategic financial decision making – issue of shares, issue of bonds, venture capital, capital structure decisions and dividend policy.
Strategic investment decision making – consideration of risk in investment decision making, investment portfolio.
Financial planning. Capital budgeting.
Net working capital, credit management, cash management
7. Financing strategy – Company capital structure optimalization. Company dividend policy.
8. Market company valuation. Strategic company valuation. Financial Planning.
9. Investment strategy – types of investment strategy. Capital Planning. Risks in investment projects.

Učební cíle

To help students to gain a thorough understanding of how accounting and finance information can be used in corporate analysis, control and strategic decision-making.
- to present principles of decision-making about utilization of company financial resources;
- to give consideration to financial planning issues including risk analysis;
- to address a problem of company liquidity management.

Vymezení kontrolované výuky a způsob jejího provádění a formy nahrazování zameškané výuky

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

Základní literatura

Atrill, P. & McLaney, E., (2004) Accounting and Finance for Non-Specialists, 4, Prentice Hall, Harlow (EN)
BRIGHAM, E. F. & EHRHARDT, M. C. Financial Management: Theory and Practice, 2011, 1152 s. ISBN 978-1-4390-7809-9 (EN)
DAMODARAN, A. Applied corporate finance: a user´s manual. 2nd ed. Hoboken: John Wiley & Sons, c2006. 658 s. ISBN 0-471-66093-0. (EN)
DAMODARAN, A. Damodaran on valuation: security analysis for investment and corporate finance. 2nd ed. Hoboken: John Wiley & Sons, c2006. 685 s. ISBN 0-471-75121-9. (EN)
McKINSEY & COMPANY, KOLLER, T., GOEDHART, M., WESSELS, D. (2005) Measuring and Managing th Value of Companies. 4th Editon (University Edition). New Jersey: Wiley. 742 p. ISBN 978-0-471-70221-4. (EN)

Doporučená literatura

Atrill, P. & McLaney, E., (2004) Accounting and Finance for Non-Specialists, 4, Prentice Hall, Harlow (EN)
BRIGHAM, E. F. & EHRHARDT, M. C. Financial Management: Theory and Practice, 2011, 1152 s. ISBN 978-1-4390-7809-9 (EN)

Zařazení předmětu ve studijních plánech

  • Program MGR-EBF-D magisterský navazující

    obor MGR-EBF , 2 ročník, zimní semestr, povinný

Typ (způsob) výuky

 

Přednáška

50 hod., nepovinná

Vyučující / Lektor

prof. Ing. et Ing. Stanislav Škapa, Ph.D.

Osnova

1. Company financial management. Aspects of strategic financial management. Content of financial management during different business life cycle phases.
2. Company financial goals. Economic Value Added.
3. Financing strategy – Equity financing (internal, external – stocks issue: capital market, types of stocks and related rights).
4. Financing strategy – Equity financing (external – stocks issue: increasing of owner's equity, venture capital).
5. Financing strategy – Debt capital (bonds, bank loan).
6. Financing strategy – Debt capital (leasing). Costs of capital and their utilization in financial decision making.
7. Financing strategy – Company capital structure optimalization. Company dividend policy.
8. Investment strategy – types of investment strategy. Capital Planning. Risks in investment projects.
9. Net working capital management. Credit management. Cash management