154-0513/05 – Financial Management (FMa)

Gurantor departmentDepartment of FinanceCredits5
Subject guarantordoc. Ing. Miroslav Čulík, Ph.D.Subject 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 typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
CUL33 doc. Ing. Miroslav Čulík, Ph.D.
GUR022 Ing. Petr Gurný, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 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.

Teaching methods



The course develops selected issues of the corporate finance fundamentals; in addition, new issues and problems are studied and explained in order to support the quality of the financial decision-making. Attention is paid particularly to financial analysis, financial planning and valuation.

Compulsory literature:

BENNINGA, S. Principles of Finance with Excel. London: Oxford University Press, 2017. 792 p. ISBN ‎ ‎ 978-0190296384. CLAYMAN, Michelle, et al. Corporate Finance: a Practical Approach. New York: Wiley, 2008. 528 p. ISBN 9780470282434. VERNIMMEN, Pierre et al. Corporate Finance: Theory and Practice. New York: Wiley, 2017. 1024 p. ISBN 978-1-119-42448-2.

Recommended literature:

BRIGHAM, Eugene. Financial Management: Theory & Practice. New York: South-Western College Pub, 2016. 1180 p. ISBN 130563229X. LASHER, William. Financial Management: A Practical Approach. South-Western College, 2017. 767 p. ISBN 0324422636. VAN DER WIJST, Nico. Finance: A Quantitative Introduction. Cambridge University Press. 2018. 445 p. ISBN 1107029228.

Way of continuous check of knowledge in the course of semester

Credit - written test Examination - two parts (written, oral)


Other requirements

There are no other requirements on student.


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

1. Principles of financial management and decision-making 2. Methods and approaches of the company´s financial performance assessment 3. Financial analysis of a company 4. Pyramidal decomposition, influence quantification and prediction models 5. Company´s capital structure, costs of capital, models for cost of capital determination. 6. Capital structure optimization. 7. Capital budgeting – objective, principles, stages, categorization of investments. Project´s cash flow prediction. 8. Investment project evaluation. 9. Analysis of risk factors of investments. Assessment and selection of mutually exclusive investments. 10. Capital sources of a company. Rules for assets financing. Comparison and selection of optimal source. 11. Dividends and dividend policy of a company. 12. Financial planning. 13. Company valuation.

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 pointsMax. počet pokusů
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 25 (25) 13
                Zápočtový test Written test 25  13 2
        Examination Examination 75  38 3
Mandatory attendence participation: credit test, examination (written and oral part)

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

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Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2022/2023 (N0414A050002) Marketing and Business OB P English Ostrava 1 Compulsory study plan
2021/2022 (N0414A050002) Marketing and Business OB P English Ostrava 1 Compulsory study plan
2020/2021 (N0414A050002) Marketing and Business OB P English Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction

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