154-0336/03 – Corporate Financial Management B (FŘFB)
Gurantor department | Department of Finance | Credits | 5 |
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 | 2019/2020 | Year of cancellation | |
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
Credit - written test
Examination - composed of two parts (written, oral)
E-learning
Other requirements
There are no other requirements on student.
Prerequisities
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. Approaches and methods of company´s financial performance assessment, pyramidal decomposition, DuPont system. Methods for influence quantification.
2. Financial risk assessment, financial and operating leverage. Rules for financing of assets.
3. Credit models for company´s financial health assessment.
4. Traditional measurements for assessment of the company´s financial performance.
5. Value-based measurements of the company´s financial performance (EVA, MVA, CFROI etc.).
6. Costs of capital, capital structure optimization. Miller- Modigliani model.
7. Investment project valuation under certainty.
8. Dividend policy of a company. Forms of dividends. Factors affecting dividend policy of a company.
9. Taxation of dividends.
10. Mergers and acquisitions.
11. Company valuation approaches.
12. Valuation methods under certainty. DCF methods, assets-based methods, combined methods.
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction