Course detail

Finances

FAST-BV04Acad. year: 2014/2015

Finances. Financial system. Concept of company finances. Company 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. Long-term needs of the company and the way of financing of these needs. 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. Bank-company relation. Consumer-supplier relationship and its influence on the company cash flow. The fundament of the financial planning. Public finances, basic information in respect to the company financing. EU structural funds and Cohesion fund.

Language of instruction

Czech

Number of ECTS credits

Mode of study

Not applicable.

Guarantor

doc. Ing. Jiří Blažek, CSc.

Department

Institute of Structural Economics and Management (EKR)

Learning outcomes of the course unit

Students get orientation in basic categories of company´s financing.
Students get orientation in management of cash flow in construction company.
Student will learn about tools for management of particular kinds of short-term assets.
Students get orientation in own and other sources of company financing.
Students get basic information about tax system in the Czech republic and impact of taxes on company financing.

Prerequisites

Orientation in basic economic terminology and in economy of construction firm.

Co-requisites

Principles of economic theory. Principles of company economy.

Planned learning activities and teaching methods

The course is taught through lectures, practical classes and self-study assignments. Attendance at lectures is optional, but attendance at classes is compulsory.

Assesment methods and criteria linked to learning outcomes

For credit student must meet attendance and successfully complete a credit test. The exam consists of written oral part. In the frame of written part student will answer defined questions, to pass this part student must reach min. 50 % of points. Oral part serves for specification of classification.

Course curriculum

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. Management of fixed assets. Management of inventory.
5. Management of receivables and financial assets.
6. Own and foreign long-term sources. Short-term liabilities for covering of current assets.
7. Cash flows in the company. Management of cash flows in the structural order.
8. Tax system in the Czech republic. Income tax of physical person.
9. Income tax of corporation.
10. Real estate tax. Road tax.
11. Inheritance and donation tax. Real estate transfer tax. Consumer tax.
12. Value added tax.
13. Public finances. Pre-entrance funds. Funding.

Work placements

Not applicable.

Aims

To learn about fundamentals of company financing. To understand to money flows in the firm and basic methods of their control. Working with entire available money sources.

Specification of controlled education, way of implementation and compensation for absences

Extent and forms are specified by guarantor’s regulation updated for every academic year.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

KRÁL, Bohumil a kol.: Manažerské účetnictví. Management Press, Praha, 2002. ISBN 978-80-7261-217-8. (CS)
LUMBY, Steve a JONES, Christopher: Investment Appraisal and Financial Decisions. Cengage Learning Business Press, 1998. ISBN 978-1861522573. (EN)
SYNEK, Miloslav a kol.: Manažerská ekonomika. Grada Publishing, a.s, 2007. ISBN 978-80-247-1992-4. (CS)
VALACH, Josef: Finanční řízení podniku. Ekopress, 1999. ISBN 80-86119-21-1. (CS)

Recommended reading

BUTLER, Richard a DAVIES, Leslie a PIKE, Richard a SHARP, John: Strategic Investment Decisions. London and New York: Routledge, 1993. ISBN 978-0415075084. (EN)

Classification of course in study plans

  • Programme B-K-C-SI Bachelor's

    branch E , 3 year of study, winter semester, compulsory
    branch N , 3 year of study, winter semester, compulsory

  • Programme B-P-C-SI Bachelor's

    branch E , 3 year of study, winter semester, compulsory
    branch N , 3 year of study, winter semester, compulsory

  • Programme B-P-E-SI Bachelor's

    branch E , 3 year of study, winter semester, compulsory
    branch N , 3 year of study, winter semester, compulsory

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

doc. Ing. Jiří Blažek, CSc.

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. Management of fixed assets. Management of inventory.
5. Management of receivables and financial assets.
6. Own and foreign long-term sources. Short-term liabilities for covering of current assets.
7. Cash flows in the company. Management of cash flows in the structural order.
8. Tax system in the Czech republic. Income tax of physical person.
9. Income tax of corporation.
10. Real estate tax. Road tax.
11. Inheritance and donation tax. Real estate transfer tax. Consumer tax.
12. Value added tax.
13. Public finances. Pre-entrance funds. Funding.

Exercise

26 hod., compulsory

Teacher / Lecturer

doc. Ing. Jiří Blažek, CSc.

Syllabus

1.-2. Characteristic of property and sources for property coverage.
3.-4. Oriantation and creation of financial statement (balance-sheet, profit and loss).
5. Depreciation of property.
6. Characteristic of short-term property and liabilities.
7. Time value of money assessmant.
8. Charateristic and creation cash flow.
9.-10. Income tax.
11.-12. Indirect taxes.
13. Credit test.