154-0336/01 – Corporate Financial Management B (FŘFB)
| Gurantor department | Department of Finance | Credits | 4 |
| Subject guarantor | prof. Dr. Ing. Dana Dluhošová | Subject version guarantor | prof. Dr. Ing. Dana Dluhošová |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 2 | Semester | summer |
| | Study language | Czech |
| Year of introduction | 2005/2006 | Year of cancellation | 2018/2019 |
| Intended for the faculties | EKF | Intended for study types | Bachelor |
Subject aims expressed by acquired skills and competences
The main aim of the subject is to deepen the knowledge in the area of financial management and decision-making by applying methods, anaysis and approaches obtained by graduating this course.
Students will be able:
- to undertake deeper financial analysis of a firm,
- to evaluate investment projects under different financing situations,
- to evaluate financial performance of a firm,
- to compare and evaluate financial sources of a firm,
- to propose financial plan of a firm.
- to evaluate a firm.
Teaching methods
Lectures
Tutorials
Summary
This course is devoted to the key issues of the financial management of a company, particularly analysis of the financial performance of a company, long-term financing, capital budgeting and valuation. Attention is paid to the capital structure optimization including cost of capital, company´s growth strategy, capital budgeting and investment decision-making, dividend theories and dividend policies of a company, approaches and methodology of company valuation.
Compulsory literature:
BROOKS, R.: Financial Management: Core Concepts. Addison Wesley, 2009.
BRINGHAM, E.F.: Financial Management: Theory and Practice. South Western College, 2008.
TENNENT, J. Guide to Financial Management. Bloomberg Press , 2008.
Recommended literature:
BLOCK, S.B., HIRT, G.A.: Foundations of Financial Management. McGraw-Hill, 2008.
MOYER,R.CH., McGUIGAN, J.R., RAO, R.P. Contemporary Financial Management. South-Western College Pub, 2011.
TITMAN, S., MARTIN, J.D., KEOWN, J.A. Financial Management: Principles and Applications. Prentice Hall, 2010.
Way of continuous check of knowledge in the course of semester
E-learning
Other requirements
There are no other requirements on student.
Prerequisities
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. Fundamentals and metodology of company financial performance evaluation, DuPont analysis, pyramidal decompositions.
2. Financial risk evaluation, financial and operational leverage. Rules of assets financiang.
3. Predicition models for company financial performance evaluation.
4. Value-based measures of the company financial performance (EVA, MVA, CFROI, etc.).
5. Costs of capital, optimisation of the capital structure. Miller-Modigliani model.
6. Project valuation criteria under certainty.
7. Dividend policy of the company. Forms of dividends, factors affecting dividend policy.
8. Systems of dividends taxation.
9. Mergers and acquisitions.
10. Methods for company valuation, reasons for valuation.
11. Methods for company valuation under certainty. Property-based methods, DCF methods, combinated methods and thein importace.
12. Methods for company valuation under certainty. Property-based methods, DCF methods, combinated methods and thein importace.
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction