Course detail

Financing

FAST-MV04Acad. year: 2016/2017

Finances. 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. 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. Investment and national economy. Investment area (return, risk and liquidity). Time value of money. Feasibility study. Evaluation of economic efficiency and financial feasibility of structural investment projects. Procedures and methods for future development simulation of project. Economic efficiency ratios. Risk and uncertainty.

Language of instruction

Czech

Number of ECTS credits

Mode of study

Not applicable.

Guarantor

doc. Ing. Eva Vítková, Ph.D.

Department

Institute of Structural Economics and Management (EKR)

Learning outcomes of the course unit

Not applicable.

Prerequisites

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

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Not applicable.

Assesment methods and criteria linked to learning outcomes

Not applicable.

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. Own and foreign long-term sources. Short-term liabilities for covering of current assets.
5. Management of cash flows in the structural order.
6.-7. Tax system in the Czech republic.
8. Investment and economy growth. Sorts of investment possibilities.
9. Theoretical appraisal for evaluation of economic efficiency of investment. Time value of money.
10.Feasibility study.
11.Economic analysis. Economic efficiency of investment ratios (NPV, IRR, PB).
12.Analysis of uncertainty according to project financial evaluation. Resources and reason of uncertainty. Inflation.
13.Risk and uncertainty analysis: profit, sensitivity and probability analysis

Work placements

Not applicable.

Aims

To learn about fundamentals of financing. To understand to money flows in the order and basic methods of their control. Working with entire available money sources.Goal of this subjec
To get about knowledge and skills regarding to describe and analysis variables as inputs into calculation of economic efficiency. Creation of models for calculation of economic and financial feasibility of investment projects.

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

BUTLER, Richard a DAVIES, Leslie a PIKE, Richard a SHARP, John: Strategic Investment Decisions. Routledge. London and New York, 1993. ISBN 978-0415075084. (EN)
FOTR, Jiří a SOUČEK, Ivan: Podnikatelský záměr a investiční rozhodování. Grada Publishing, 2005. ISBN 80-247-0939-2. (CS)
KORYTÁROVÁ,Jana a FRIDRICH, Jaroslav a PUCHÝŘ, Bohumil: Ekonomika investic. Brno: Akademické nakladatelství CERM, s.r.o., 2002. ISBN 80-214-2089-8. (CS)
SYNEK, Miloslav a kol.: Manažerská ekonomika. Grada Publishing, Praha, 2007. ISBN 978-80-247-1992-4. (CS)

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme B-P-C-MI Bachelor's

    branch MI , 3 year of study, summer semester, compulsory

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

doc. Ing. Eva Vítková, Ph.D.

Exercise

26 hod., compulsory

Teacher / Lecturer

doc. Ing. Eva Vítková, Ph.D.