Czech

6

Not applicable.

After graduation, student will be able to comprehensively identify and critically analyse the risks, implement and evaluate measures taken in enterprises and institutions in terms of assets evaluation. He will have an overview about the basic evaluation methods and procedures for business valuation.

Basic economic categories, information literacy, basics of business organizations, methods of financial analysis, strategic analysis, basic accounting knowledge.

Not applicable.

Teaching methods depend on the type of course unit as specified in the article 7 of BUT Rules for Studies and Examinations.

Credit:
– Credit is given to the student after achieving at least 75 points out of the total possible number of 150 points.
- For getting the credit, the student must complete a final test, which is rated up to 100 points.
- For acquiring the credit, the student is required to present selected topics in seminars (presentation is rated up to 50 points, in the absence of the student 0 points).
For award of the credit the student must fulfil both conditions and obtain at least 50% of the total number of points.
Evaluation from the seminar makes 50% of the test.
Scoring of the seminar:

150 – 136 points A
135 – 121 points B
120 – 106 points C
105 – 91 points D
90 – 75 points E
less than 74 points F


TEST:
– Written test
– Oral examination

1. Introduction and definition of the subject „Evaluation of assets“ Basic concepts of property evaluation.
2. Legal Aspects of Property Evaluation – Act no. 151/1997 on property evaluation, decree from MF no. 540/2002 implementing some provisions of the Act no. 151/1997 on the evaluation of assets, communication from MF ref. no. 162/38 024/1999 and communication from MF dated February 27th, 2001.
3. Evaluation standards in the EU and approaches in the Czech Republic. Evaluation of assets under Czech accounting standards.
4. Evaluation of assets under Czech accounting standards.
5. Time factor and risks during evaluation, the discount rate in evaluation.
6. Company evaluation – the proceeding during the company evaluation.
7. Financial analysis, strategic analysis.
8. Financial plan, value generators.
9. Yield methods of business evaluation (DCF, capitalized net incomes, EVA)
10. Evaluation according to method of market comparison.
11. Evaluation based on the assets analysis.
12. The aggregate evaluation of the company.
13. Summary and conclusion

Not applicable.

The aim of the subject is to acquaint students with various approaches to property evaluation, including various evaluation methods and acquisition of basic knowledge and skills in their use.
At the same time, students will be familiarized with the procedures for evaluation of assets and company. In the framework of company evaluation there will be briefly outlined the issues of strategic and financial analysis and financial plan, a method of value generators. A partial aim will be risks identification during evaluation and their interpretation during application of the evaluation methods.

Lectures are not compulsory. Attendance at seminars is controlled by the teacher, but it is not compulsory.

Not applicable.

Not applicable.

KOVANICOVÁ,D.: Finanční účetnictví - Světový koncept IFRS/IAS.5.vyd.Praha:POLYGON,2005.544s.ISBN 80-7273-129-7.
SVATOŠOVÁ, J., TRÁVNÍČKOVÁ,J.: Účtová osnova, České účetní standardy. 1.vyd. Zlín: ANAG,2005. 319s. ISBN 80-7263-312-0.
MAŘÍK, M. A KOL.: Metody oceňování podniku - proces ocenění, základní metody a postupy. 1.vyd. Praha: EKOPRESS, 2003. 402s. ISBN80-86119-57-2.
MAŘÍK M., MAŘÍKOVÁ ,P.: Moderní metody hodnocení výkonnosti a oceňování podniku. 2.vyd. Praha: EKOPRESS, 2005.163 s.ISBN 80-86119-61-0.

Mezinárodní standardy účetního výkaznictví (IFRS). Praha:Svaz účetních,2005.2249s. ISBN 80-239-5721-X.

26 hours, compulsory