Course detail

Corporate Finance

FP-fpPDAcad. year: 2026/2027

The course covers the display of business processes in finance. The topics includes information sources for financcial decision making, drawing up a start-up budget, the investment process, the classification of investments and methods of investment evaluation, managing the use of financial resources in current assets (inventory and receivables management), a company’s financial resources (internal and external sources, bank loans, leasing), and a company’s cash flow.

Language of instruction

Czech

Number of ECTS credits

6

Assignment to study programme types

Bachelor's

Mode of study

Not applicable.

Guarantor

prof. Ing. Mária Režňáková, CSc.

Department

Department of Economics (ÚE)

Entry knowledge

Knowledge of account sheets, knowledge of statement, mathematical knowledge of functions.

Rules for evaluation and completion of the course

Attendance at the seminars is compulsory; two absences are permitted. Excuses for any further absences (e.g. for health reasons) are governed by the BUT Study and Examination Regulations. Attendance is recorded on an attendance register.

Requirements for awarding of credit:
Two Example tests: The student takes two example tests. Test 1: Week 6 (max. 20 points). Test 2: Week 13 (max. 30 points). The student will be awarded the credit if he/she has at least 25 points from the tests. A student who does not achieve the required number of points can write the final test in the extra term. The assessment from the seminars contributes to the overall assessment of the course.

A student who studies a subject according to the individal study plan (ISP) to obtain the credit takes a final test, which is agreed with the teacher in advance.

Examination requirements:
Knowledge is tested by a written examination. Only students who have applied for the examination in IS and have the credit entered will be allowed to take the examination. The examination is made up of open questions and closed questions with a choice of more correct answers. The exami lasts 70 minutes. There is a maximum of 50 points in the examination and a minimum of 25 points is needed to pass. The resulting assessment for the course is the sum of points from the seminars and the examination. The result is classified according to the ECTS scale. Incorrect or illegible answers are assessed as unsatisfactory.

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.
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.

Study aids

The teaching materials are published in the e-learning (collection of examples).

Prerequisites and corequisites

Not applicable.

Basic literature

FOTR, Jiří a SOUČEK, Ivan. Investiční rozhodování a řízení projektů: jak připravovat, financovat a hodnotit projekty, řídit jejich riziko a vytvářet portfolio projektů. Praha: Grada, 2011. ISBN 978-80-247-3293-0. (dotisk v roce 2021) (CS)
KISLINGEROVÁ, E. a kol. Manažerské finance, Praha: C.H.Beck, 2010. 864 s. ISBN 978-80-7400-194-9. (CS)
KORÁB, V.; REŽŇÁKOVÁ, M.; PETERKA, J. Podnikatelský plán v praxi. Brno:Computer Press, 2007. 216 s. ISBN 978-80-251-1605-0. (CS)

Recommended reading

BROOKS, R. M. Financial management: Core concepts. 3rd edition. PEARSON, 2016. ISBN 978-0133866698. (EN)
DLUHOŠOVÁ, Dana. Finanční řízení a rozhodování podniku: analýza, investování, oceňování, riziko, flexibilita, interakce. Čtvrté vydání. Osnice: Ekopress, 2021. ISBN 978-80-87865-71-2. (CS)
SCHOLLEOVÁ, H. Ekonomické a finanční řízení pro neekonomy. 3. aktualiz. vyd. Praha: Grada Publishing, 2017. ISBN 978-80-247-2424-9.  (CS)
SRPOVÁ, J.; ŘEHOŘ, V. a kol. Základy podnikání. Teoretické poznatky, příklady a zkušenosti českých podnikatelů. Praha: Grada Publishing, 2010. 432 s. ISBN 978-80-247-3339-5. (CS)
VALACH, J. Investiční rozhodování a dlouhodobé financování. Praha: Ekopress, 2011. ISBN: 978-80-86929-71-2 (CS)

Elearning

eLearning: currently opened course

Classification of course in study plans

  • Programme BAK-EP Bachelor's 2 year of study, winter semester, compulsory, fundamental theoretical courses of the profile core
  • Programme BAK-UAD Bachelor's 2 year of study, winter semester, compulsory, fundamental theoretical courses of the profile core

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

prof. Ing. Mária Režňáková, CSc.
Ing. Pavla Srbová, Ph.D.

Syllabus

  1. Company finances, the company’s start-up budget
  2. Fixed assets: their use and acquisition
  3. The investment process and its stages
  4. Methods for evaluating investment projects
  5. Inventory management
  6. Receivables management
  7. Internal sources of finance
  8. External sources of finance
  9. Leasing finance
  10. Company cash flow
  11. Company financial resources: Choosing a financing structure
  12. Financial management according to the company’s life cycle
  13. Revision, recap.

Exercise

26 hours, compulsory

Teacher / Lecturer

Ing. Eva Kotková, Ph.D., MBA
Ing. et Ing. Sylvia Plottová, Ph.D., MSc
Ing. Nikola Sobotková
Ing. Pavla Srbová, Ph.D.

Syllabus

1. Organisation of teaching, conditions for granting credit, founding budgets
2. Businesses budgets
3. Investment activity of the enterprise and methods of evaluation of investment projects.
4. Investment activity of the enterprise and methods of evaluation of investment projects
5. Inventory management
6. Intermediate test 
7. Inventory management
8. Debt financing - loans with tax effect
9. Debt financing - loan vs. leasing
10. Cash flow (indirect method)
11. Cash flow (direct method)
12. Final test

Self-study

60 hours, optionally

Teacher / Lecturer

prof. Ing. Mária Režňáková, CSc.

Individual preparation for an ending of the course

44 hours, optionally

Teacher / Lecturer

prof. Ing. Mária Režňáková, CSc.

Elearning

eLearning: currently opened course