634-2004/02 – Economics of an Enterprise (EP)

Gurantor departmentDepartment of Economics and Management in IndustryCredits6
Subject guarantordoc. Ing. Iveta Vozňáková, Ph.D.Subject version guarantordoc. Ing. Iveta Vozňáková, Ph.D.
Study levelundergraduate or graduate
Study languageEnglish
Year of introduction2014/2015Year of cancellation
Intended for the facultiesFMTIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
JAN48 prof. Ing. Kamila Janovská, Ph.D.
KUT064 Ing. Josef Kutáč, Ph.D.
SIK10 Ing. Andrea Sikorová, Ph.D.
VOZ47 doc. Ing. Iveta Vozňáková, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 4+2
Part-time Credit and Examination 18+0

Subject aims expressed by acquired skills and competences

• student can specify basic relations within the company economic management • student is able to characterise the property and capital structure of entrepreneurial subjects • student is skilful at analysing expense and yield items of a company • student obtains the knowledge of basic organizational-legal forms of business • student is well informed about basic methods used in financial analysis • student acquires the comprehensive knowledge of the company development from the space and time biews • student can define and characterize basic activities related to company planning

Teaching methods



The subject focus covers following issues: property and capital structure of an enterprise, management of fixed and circulating capital, depreciation, management of supplies, claims and cash, cost and revenue items of an enterprise, their structure and possibilities how to influence them, investment decision making, enterprise valuation, financial analysis, organizational and legal forms of enterpreneurial activities.

Compulsory literature:

[1]MILGROM, P.R.; Roberts, J. Economics, organization, and management. Prentice-Hall, 2000, pg. 621 [2] VOZŇÁKOVÁ, I., JANOVSKÁ, K. Economics of Enterprise, Investment in Education Development, Studijní opora v rámci projektu „Rozvoj jazykových kompetencí pracovníků VŠB-TU Ostrava: InterDV“, Klíčová aktivita KA 03, 2014.5]

Recommended literature:

• Roberts, J. The modern firm: organizational design for performance and growth. Oxford University Press, 2004,pg. 318 . VOZŇÁKOVÁ, I.; JANOVSKÁ, K. Ekonomika podniku,Power Point prezentace, VŠB - TU Ostrava, 2012

Way of continuous check of knowledge in the course of semester


Integrovaný systém modulární počítačové podpory výuky ekonomicko-technického zaměření (http://lms.vsb.cz): - Vzdělávací modul 6 – Finančně-ekonomická analýza a rozhodování: submodul Postup oceňování vybraného hutního podniku metodou EVA a DFC, submodul Využití změny cen vybraných surovin na komoditních trzích v rámci operativního řízení hutního podniku, submodul Stanovení pořadí vybraného hutního podniku v oboru dle vybraných finančních ukazatelů, submodul Analýza variant financování vozového parku ve vybraném hutním podniku včetně sestavení cash flow jednotlivých variant, submodul Investiční rozhodování v rámci hutního podniku. - JANOVSKÁ, K., VOZŇÁKOVÁ, I., ŠVECOVÁ, E. Ekonomika podniku. Studijní opory. Ostrava: VŠB-TU Ostrava, 2015.

Other requirements

The semester project The partial knowledge tests


Subject codeAbbreviationTitleRequirement
634-2008 FU I Financial Accounting I Recommended
634-2012 MU Management Accounting Recommended


Subject has no co-requisities.

Subject syllabus:

1. The subject specifies the economic system of enterprise, the concepts of Business economics and of Economics 2. Analysis of the basic elements and relationships of business economics. 3. Principles economy. Accounting as part of the organization's information system. 4. The operating cycle of the company . 5. Analysis of company property 6. The financial statements of the company, .analysis of balance sheet 7. Management of fixed assets in the company. 8. Inventory management in the enterprise. 9. Receivables management in the enterprise. 10. Liquidity management in the enterprise. Analysis of the statement of cash flows. 11. Cost management in the enterprise. Analysis of the profit and loss account. 12. Break-even analysis. Calculation breakdown of costs. 13. Financial planning and decision making. 14. Investment decisions: time value of money, discounted cash flow, net present value, payback period. 15. Fundamentals of tax system.

Conditions for subject completion

Full-time form (validity from: 2014/2015 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 30  15
        Examination Examination 70  36
Mandatory attendence parzicipation:

Show history
Part-time form (validity from: 2014/2015 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 30  15
        Examination Examination 70  36
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner