634-2004/03 – Economics of an Enterprise (EP)
| Gurantor department | Department of Economics and Management in Industry | Credits | 6 |
| Subject guarantor | doc. Ing. Iveta Vozňáková, Ph.D. | Subject version guarantor | doc. Ing. Iveta Vozňáková, Ph.D. |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 2 | Semester | summer |
| | Study language | Czech |
| Year of introduction | 2016/2017 | Year of cancellation | |
| Intended for the faculties | FMT | Intended for study types | Bachelor |
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
Lectures
Tutorials
Summary
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
E-learning
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
Prerequisities
Co-requisities
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
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction