Course detail

Corporate Finance

FP-fpKAcad. year: 2021/2022

The course focuses on the following topics: fundamentals of corporate finance (basic concepts of corporate finance, objects of corporate finance, corporate finance management roles, ..), financing of entrepreneurship (the classification of financial resources, financing and risks, internal and external financial resources, specific forms of corporate finance), business needs (forms of business needs, determinants of business needs, the time structure of business needs, planning of business needs ..).

Language of instruction

Czech

Number of ECTS credits

6

Mode of study

Not applicable.

Learning outcomes of the course unit

Students will be able to identify individual needs according to the area of company activity, they will be aware of the financial backing of these needs, they will be able to define and apply internal and external resources for corporate financing, as well as methods of capital planning and methods of evaluation of the investment efficiency, methods of cash flow quantification, basic methods of management of the working capital.

Prerequisites

Knowledge of account sheets, knowledge of statement and accounting procedures for entrepreneurs, mathematical knowledge of functions.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

The course contains lectures that explain basic principles, problems and methodology of the discipline, and exercises that promote the practical knowledge of the subject presented in the lectures.

Assesment methods and criteria linked to learning outcomes

The assessment is on the basis of an examination which tests theoretical and practical knowledge. The examination has a maximum score of 100 points. The pass mark for the course is a 50 % score in the examination. The examination is made up of open questions, closed questions with more than one correct answer and examples. The examination lasts 80 minutes. The examination is classified in accordance with the ECTS scale. Incorrect or illegible answers are assessed as unsatisfactory.

Course curriculum

Topics of lectures are the following:
definition of selected basic concepts of traditional and modern conceptions of corporate finance, corporate finance objectives, corporate finance management role, concept of present value, calculation of profitability, concept of internal rate of return, the risk of changes in interest rates, nominal versus real interest rate;
approach to the classification of financial resources;
factors affecting the form and amount of corporate finance;
internal financial resources;
external financial resources;
specific forms of corporate finance;

Work placements

Not applicable.

Aims

The main objective of the course is to provide students with the necessary theoretical knowledge regarding corporate finance. It requires mastering the up-to-date approaches to defining the needs of the company, defining possible resources for covering those needs, as well as methods of planning and evaluation of investment projects. Also necessary is to understand questions related to the cash flow management and management of the working capital.

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

Control of results of independent work on assigned tasks. In case of excused absence from seminars, the teacher can set additional condition if appropriate, usually elaboration of partial written task.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

KISLINGEROVÁ, E. Manažerské finance. 3. vyd. Praha: C. H. Beck, 2010, 811 s. ISBN 978-80-7400-194-9. (CS)
REŽŇÁKOVÁ, M. Efektivní financování rozvoje podnikání. Praha: Grada, 2012, 142 s. ISBN 978-80-247-1835-4. (CS)
SYNEK, M. a E. KISLINGEROVÁ. Podniková ekonomika. 6., přeprac. a dopl. vyd. V Praze: C.H. Beck, 2015, 526 s. ISBN 978-80-7400-274-8. (CS)
VALACH, J. Investiční rozhodování a dlouhodobé financování. 3., přeprac. a rozš. vyd. Praha: Ekopress, 2010, 465 s. ISBN 978-80-86929-71-2. (CS)

Recommended reading

FOTR, J. a I. SOUČEK. Podnikatelský záměr a investiční rozhodování. 1. vyd. Praha, 2006. 356 s. ISBN 80-247-0939-2. (CS)
MAREK, P. a kol. Studijní průvodce financemi podniku. 2. vyd. Praha: Ekopress. 2009. 634 s. ISBN 978-80-86929-49-1 (CS)
Finance podniku - sbírka příkladů. (elektronicky). 2018 (CS)

Classification of course in study plans

  • Programme BAK-KS Bachelor's

    branch BAK-UAD-KS , 2. year of study, winter semester, compulsory

Type of course unit

 

Guided consultation in combined form of studies

16 hours, compulsory

Teacher / Lecturer

Syllabus

The enterprise and its mission. Corporate finances. The corporate founding budget. Managing capital invested in fixed assets. Methods of evaluating investment projects. Managing capital invested in current assets. Economic criteria for evaluating inventory management. Managing receivables. Sources of corporate finance. Corporate cash flow. The financial objectives of the enterprise and their evaluation.