154-0923/01 – Financial management (FM)
| Gurantor department | Department of Finance | Credits | 10 |
| Subject guarantor | doc. Ing. Miroslav Čulík, Ph.D. | Subject version guarantor | doc. Ing. Miroslav Čulík, Ph.D. |
| Study level | postgraduate | Requirement | Choice-compulsory type B |
| Year | | Semester | winter + summer |
| | Study language | Czech |
| Year of introduction | 2019/2020 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Doctoral |
Subject aims expressed by acquired skills and competences
The objective of the course is to reach knowledge and skills in application of the problems concerning the financial management.
Teaching methods
Lectures
Individual consultations
Summary
The course is focused on financial management and decision-making, including methods and applied approaches of non-financial and financial institutions. The course covers selected financial issues, particularly financial decision-making, measuring and managing the financial performance of firms and industries, company valuation, determination of the costs of capital for investment project appraisal, valuation, acquisition and merger management, short and long-term financial planning and strategic financial management of companies. More advanced methods of analysis are used in particular areas of financial management and decision-making.
Compulsory literature:
BODIE, Zvi a Robert C. MERTON. Finance. New Jersey: Prentice-Hall, 2003.
BREALY, R. A., MYERS, S. C. Teorie a praxe firemních financí. Praha: Computer Press, 2000.
COPELAND, T. E., J. F. WESTON a K. SHASTRI. Financial Theory and Corporate Policy. 4th ed. Essex: Pearson Education Limited, 2014.
Recommended literature:
DLUHOŠOVÁ, Dana a kol. Finanční řízení a rozhodování podniku. Praha: Ekopress, 2010.
ROSS, S. A., R. WESTERFIELD a B. D. JORDAN. Fundamentals of Corporate Finance. 11th ed. New York: McGraw-Hill Education, 2016.
ZMEŠKAL, Zdeněk a kol. Finanční modely: koncepty, metody, aplikace. 3 vyd. Praha: Ekopress, 2013.
Way of continuous check of knowledge in the course of semester
oral examination
E-learning
Other requirements
there are no other requirements on students
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. Understanding and Interpreting the Financial Statements
2. Assessing the Financial Performance of a Company
3. Risk and Costs of Capital
4. Financial Planning
5. Working Capital Management
6. Corporate Financing
7. Dividends and Dividend Policy of a Company
8. Investment Decisions (Basic Investment Criteria)
9. Advanced Issues on Investment Decisions (Valuation of Mutually Exclusive Investments,
Capital Rationing)
10. Risk Analysis in Investment Decisions (Sensitivity Analysis, Monte Carlo Simulation, Real
Options and Decision Trees)
11. Valuation: Principles, assumptions and practice
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
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