154-0512/03 – Applied corporate financial management (ACFM)

Gurantor departmentDepartment of FinanceCredits4
Subject guarantorprof. Dr. Ing. Zdeněk ZmeškalSubject version guarantordoc. Ing. Miroslav Čulík, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Study languageEnglish
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
CUL33 doc. Ing. Miroslav Čulík, Ph.D.
DLU30 prof. Dr. Ing. Dana Dluhošová
GUR022 Ing. Petr Gurný, Ph.D.
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



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

Writent test


Other requirements

There are no other requirements on student.


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

1. Approaches and methods of company´s financial performance assessment 2. Pyramidal decomposition and influence quantification. 3. Prediction models for company´s financial health assessment 4. Company´s sources of capital, rules of assets financing, classification. 5. Assessment and selection optimal mix of capital of financing. 6. Operating cycle and its analysis. 7. Working capital management. 8. Capital budgeting – objective, principles, stages, investments classification. Prediction of cash flows of projects. 9. Capital budgeting rules. 10. Analysis of risky factors, Evaluation of mutually exclusive investments. 11. Dividends, dividend policy, dividend theories. 12. Financial planning – principles, short-term and long-term financial plan proposal.

Conditions for subject completion

Full-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit Credit 85 (85) 85
        Zápočtový test Written test 85  85
Mandatory attendence parzicipation: Credit test

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (B0412A050006) Finance FIP P English Ostrava 3 Compulsory study plan
2019/2020 (B0412A050006) Finance FIP P English Ostrava 3 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner