154-0512/01 – Applied corporate financial management (ACFM)

Gurantor department	Department of Finance	Credits	5
Subject guarantor	doc. Ing. Miroslav Čulík, Ph.D.	Subject version guarantor	prof. Dr. Ing. Zdeněk Zmeškal
Study level	undergraduate or graduate	Requirement	Compulsory
Year	3	Semester	winter
		Study language	English
Year of introduction	2009/2010	Year of cancellation	2015/2016
Intended for the faculties	EKF	Intended for study types	Bachelor

Instruction secured by
Login	Name	Tuitor	Teacher giving lectures
CUL33	doc. Ing. Miroslav Čulík, Ph.D.
ZME40	prof. Dr. Ing. Zdeněk Zmeškal

Extent of instruction for forms of study
Form of study	Way of compl.	Extent
Full-time	Credit	2+2

Subject aims expressed by acquired skills and competences

The aim of the course is to introduse the students in selected areas of financial decision-making. Students will be able: - to introduce the importance of time value of money into decision-making, - to apply investment criterions, - to analyze and select optimal sources for company financing, - to propose financial plan of a firm - tu value a company

Teaching methods

Lectures
Tutorials

Summary

This course develops selected financial issues taught within the course Corporate finance including some new issues necessary for the ability to make the correct financial decision-making. Attention is paid particularly to the financial analysis, financial planning and valuation.

Compulsory literature:

BRIGHAM, Eugene. Financial Management: Theory & Practice. New York: South-Western College Pub, 2019. 1180 p. ISBN 130563229X. CLAYMAN, Michelle, et al. Corporate Finance: a practical approach. New York: Wiley, 2018. 528 p. ISBN 1118105370. VERNIMMEN, Pierre et al. Corporate Finance: Theory and Practice. New York: Wiley, 2015. 1056 p. ISBN 0470092254.

Recommended literature:

HIGGINS, Robert. Analysis for Financial Management. New York: McGraw-Hill Education, 2019. 480 p. ISBN 978-0078034688. ROBINSON, T.R., GREUNING, H., HENRY, E., BROIHAHN, M.A.: International Financial Statement Analysis. Wiley, 2018, ISBN 978-0-470-28766-8. ROSS,S.A., WESTERFIELD, R.W., JORDAN, B.D.: Fundamentals of Corporate Finance. McGraw-Hill, 2019, ISBN 978-0-07-338239-5.

Way of continuous check of knowledge in the course of semester

E-learning

Other requirements

There are no other requirements on the students.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Introduction 2. Financial statement, financial analysis 3. Pyramidal decomposition, influence analysis 4. Financial risk, operational risk, combined risk and their measuring 5. Analysis of the long-term financial sources 6. Long-term fianncial plan proposal 7. Short-term financial plan proposal 8. Cost of capital 9. Capital budgeting 10. Capital budgeting + project risk analysis 11. Dividend theoris and policy 12. Company valuation - DCF methods 13. Company valuation - EVA, property methods, combined methods

Conditions for subject completion

Full-time form (validity from: 2011/2012 Winter semester, validity until: 2015/2016 Summer semester)

Task name	Type of task	Max. number of points (act. for subtasks)	Min. number of points	Max. počet pokusů
Exercises evaluation	Credit	85 (85)	85	3
Exercise evaluation	Written test	85	85	3

Mandatory attendence participation:

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Conditions for subject completion and attendance at the exercises within ISP:

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Occurrence in study plans

Academic year	Programme	Branch/spec.	Spec.	Form	Study language	Tut. centre	Year	Type of duty
2014/2015	(B6202) Economic Policy and Administration	(6202R010) Finance	(01) Finance	P	Czech	Ostrava	3	Compulsory	study plan
2013/2014	(B6202) Economic Policy and Administration	(6202R010) Finance	(01) Finance	P	Czech	Ostrava	3	Compulsory	study plan
2012/2013	(B6202) Economic Policy and Administration	(6202R010) Finance	(01) Finance	P	Czech	Ostrava	3	Compulsory	study plan
2011/2012	(B6202) Economic Policy and Administration	(6202R010) Finance	(01) Finance	P	Czech	Ostrava	3	Compulsory	study plan

Occurrence in special blocks

Block name	Academic year	Form of study	Study language	Year	W	S	Type of block	Block owner

Assessment of instruction

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