154-0512/02 – Applied corporate financial management (ACFM)

Gurantor departmentDepartment of FinanceCredits4
Subject guarantorprof. Dr. Ing. Zdeněk ZmeškalSubject version guarantorprof. Dr. Ing. Zdeněk Zmeškal
Study levelundergraduate or graduateRequirementCompulsory
Year3Semesterwinter
Study languageEnglish
Year of introduction2015/2016Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
CUL33 doc. Ing. Miroslav Čulík, Ph.D.
ZME40 prof. Dr. Ing. Zdeněk Zmeškal
Extent of instruction for forms of study
Form of studyWay 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:

DAMODARAN, Answath. Applied Corporate Finance. New York: Wiley, 2005. 752 p. ISBN 0470384646. DLUHOŠOVÁ, Dana, et al. Financial Management and Decision-making of a Company. SAEI, Vol. 28. Ostrava: VSB-TU Ostrava, 2014. 259 p. ISBN 978-80-248-3619-5. VAN DER WIJST, Nico. Finance: A Quantitative Introduction. London: Cambridge University Press. 2013. 445 p. ISBN 1107029228. BRIGHAM, E.F., EHRHARD, M.C. Financial Management: Theory & Practice. South-Western College Pub; 12th Edition, 2007. BRIGHAM, E.F., HOUSTON, J.F. Fundamentals of Financial Management. South-Western College Pub; 12th Edition, 2009. CLAYMAN, M.R., FRIDSON, M.S., TROUGHTON, G.H. Corporate Finance: a practical approach. Wiley, 2008. DAMODARAN, A. Corporate Finance: theory and practice. 2nd Edition. J. Wiley, New Jersey, 2001. DAMODARAN, A. Applied Corporate Finance. 2nd edition, Wiley, 2005. FRIDSON, M., ALVAREZ, F. Financial Statement Analysis. 4th edition, Wiley, 2011. GLAUTIER, M.W., UNDERDOWN, B. Accounting: Theory and Practice. 6th edition. Pitman Publishing, 1997. HANSEN, D.R.; MOWEN, M.M.: Cornerstones of cost accounting. South Western College, 2011. KEOWN, A.J., MARTIN, J.D., PETTY, J.W. Foundation of Finance. 7th edition. Prentice Hall, 2011. MADURA, J. International Financial Management. 11th edition. South Western College, 2008. MELICHER, R.W., NORTON, E.A. Introduction to Finance: Markets, Investments, and Financial Management. 14th edition, Wiley, 2011. ROBINSON, T.R: International Financial Statement Analysis. J. Wiley, New Jersey, 2009. ROSS, S., WESTERFIELD, R., JORDAN, B. Fundamentals of Corporate Finance. 9th edition, McGraw-Hill/Irwin; 2010. SAGNER, J.S. Essentials of Working Capital Management. Wiley, 2011. Taxation trends in the European Union. Data for the EU Member States, Iceland and Norway. 2011 edition, EUROSTAT, European Commission. VERNIMMEN, P. Corporate Finance: theory and practice. 6th edition, Wiley, 2005. WHITTENBURG, G.E., ALLTUS-BULLER, M. Income Tax Fundamentals 2010. South-Western College Pub; 28th Edition, 2009.

Recommended literature:

BRIGHAM, Eugene. Financial Management: Theory & Practice. New York: South-Western College Pub, 2016. 1180 p. ISBN 130563229X. CLAYMAN, Michelle, et al. Corporate Finance: a practical approach. New York: Wiley, 2008. 528 p. ISBN 1118105370. HIGGINS, Robert. Analysis for Financial Management. New York: McGraw-Hill Education, 2015. 480 p. ISBN 978-0078034688. BRIGHAM, E.F., HOUSTON, J.F.: Fundamentals of Financial Management. South Western Cengage Learning, 2007, ISBN 978-0-324-59771-4. CLAYMAN, R.M., FRIDSON, M.S. TROUGHTON, G.H. Corporate Finance: A Practical Approach. Wiley, 2008, ISBN 978-0-470-19768-4. DAMODARAN, A.: Corporate Finance: Theory and Practice. 2nd Edition, Wiley, 2001, ISBN 0-471-28332-0. DAMODARAN, A.: Applied Corporate Finance: A User´s Manual. 2nd Edition, Wiley, 2005, ISBN 978-0-471-66093-4. ROBINSON, T.R., GREUNING, H., HENRY, E., BROIHAHN, M.A.: International Financial Statement Analysis. Wiley, 2008, ISBN 978-0-470-28766-8. BRIGHAM, E.F., EHRHARDT, M.C.: Financial Management. Theory and Practice. South Western Cengage Learning, 2008, ISBN 978-0-324-42269-6. ROSS,S.A., WESTERFIELD, R.W., JORDAN, B.D.: Fundamentals of Corporate Finance. McGraw-Hill, 2010, ISBN 978-0-07-338239-5. VERNIMMEN, P.: Corporate finance: theory and practice. Wiley. 2006.

Way of continuous check of knowledge in the course of semester

E-learning

Další požadavky na studenta

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: 2015/2016 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit Credit 85 (85) 85
        Writen test Written test 85  85
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2019/2020 (B6202) Economic Policy and Administration (6202R010) Finance P English Ostrava 3 Compulsory study plan
2018/2019 (B6202) Economic Policy and Administration (6202R010) Finance P English Ostrava 3 Compulsory study plan
2017/2018 (B6202) Economic Policy and Administration (6202R010) Finance P English Ostrava 3 Compulsory study plan
2016/2017 (B6202) Economic Policy and Administration (6202R010) Finance P English Ostrava 3 Compulsory study plan
2015/2016 (B6202) Economic Policy and Administration (6202R010) Finance P English Ostrava 3 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner