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Course detail
FP-BFMSEAcad. year: 2026/2027
The course content is basic issues of financial management, such as the time value of money, capital budgeting issues, capital raising and financial planning.
Language of instruction
Number of ECTS credits
Assignment to study programme types
Mode of study
Guarantor
Department
Offered to foreign students
Entry knowledge
Knowledge and understanding of the content of financial statements, knowledge of basic corporate-economics terms and knowledge of mathematical functions.
Rules for evaluation and completion of the course
There are three conditions for passing the final exam:
1.Attending the lectures and seminars and be prepared in advance for the seminars
2. Preparing and submitting an original seminar work in an acceptable quality*
Each team has to have its own original idea about the product/service with will be subject of the intended business which will be further descripted in course of the seminar work.
3) Passing a written test, which will include several theoretical questions (which are listed in a separate file available in the e-learning, see “Preparing for exam – the list of questions“). The minimum passing mark of the test is 50 per cent.
Attending the lectures and seminars and be prepared in advance for the seminars. Missing at maximum of two lectures or seminars is allowed*. Being unprepared for the seminars seminars is also considered as missing the lecture or seminar.
*Fulfilling additional task will be required instead (theoretical topic presentation, or compiling financial plan based on given information etc.).
Aims
The aim of the course is to introduce students to the basics of corporate financial management, such capital raising, capital budgeting, working capital management and financial planning, all with a special focus on small enterprises.
Study aids
The study guide summarises key theoretical knowledge and practical tools for financial management of small enterprises and supports independent study and preparation for lectures and seminars.
Prerequisites and corequisites
Basic literature
Recommended reading
Classification of course in study plans
branch BAK-Z , 1 year of study, summer semester, elective
Lecture
Teacher / Lecturer
Syllabus
Introduction to financial management – objectives, roles, and specific characteristics of small enterprises.
Financial planning – purpose, structure, and its link to the business plan.
Short-term financial planning – cash flow, liquidity, and solvency management.
Long-term financial planning – financial forecasting and scenario development.
Sources of finance – equity, debt, and their key characteristics.
Financing small enterprises – specific sources and constraints (bank finance, venture capital, alternative financing).
Cost of capital – principles and relevance for financial decision-making.
Investment decision-making I – principles of investment appraisal (NPV, IRR).
Investment decision-making II – risk, uncertainty, and scenario analysis.
Working capital management – inventories, receivables, and payables.
Cash flow management – ensuring liquidity and preventing insolvency.
Financing firm growth – funding expansion and ensuring sustainability.
Integrated financial decision-making – linking planning, investment, and financing decisions.
Exercise
Introduction to seminars – working with financial plans and assignment of the semester project.
Preparation of a basic financial plan – structure and key calculations.
Short-term financial planning – preparation of cash flow statements and identification of liquidity issues.
Long-term financial planning – development of financial forecasts and alternative scenarios.
Analysis of financing sources – selection of an appropriate financing structure for SMEs.
Design of financing for a specific business case.
Cost of capital – practical calculations.
Investment appraisal – calculation of NPV and IRR.
Investment risk analysis – scenario and sensitivity analysis.
Working capital management – optimisation of inventories, receivables, and payables.
Cash flow management – design of measures to improve liquidity.
Comprehensive financial planning – integration of investment, financing, and cash flow.
Presentation and defence of the financial plan – evaluation of alternatives and identification of risks.
Professional Knowledge
The student will acquire knowledge of the principles of financial management for small enterprises, including the preparation of financial plans, short-term and long-term planning, financing options, cost of capital, and working capital management. The student will be familiar with methods for evaluating investment opportunities and the specific characteristics of financing and planning in small enterprises.
Professional Competencies
The student will be able to develop and compare different variants of financial plans for alternative future scenarios. They will be capable of implementing measures to improve cash flow, ensure and maintain the firm’s solvency, and assess the profitability of investment opportunities and the feasibility of their financing.
Professional Skills
The student will be able to practically apply financial tools, prepare financial plans, evaluate investment projects, analyse working capital and cash flow, and use scenario and risk analysis to support investment and financing decisions.
Self-study
Individual preparation for an ending of the course