634-2018/01 – Economics of an Industrial Enterprise (EPP)

Gurantor departmentDepartment of Economics and Management in IndustryCredits5
Subject guarantorprof. Ing. Kamila Janovská, Ph.D.Subject version guarantorprof. Ing. Kamila Janovská, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year2Semestersummer
Study languageCzech
Year of introduction2019/2020Year 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.
S1K47 Ing. Eva Švecová, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+3
Part-time Credit and Examination 16+0

Subject aims expressed by acquired skills and competences

Student will be able to: - Characterize specification of economic and financial management of industrial companies. - Define information basis of economic and financial management of industrial companies. - Characterize conditions for ensuring economy and efficiency of production company. - Explain methodics managing of variable and fix costs with using calculations and budgets. - Define the specifics of the management of individual components of fixed and current assets at production companies. - Calculate the indicators of horizontal and vertical financial analysis. - Practice the principles of static and dynamic investment evaluation methods in investment decision making. - Define the current tax system, explain the terms of banking hedging and payment instruments, and the conditions for obtaining bank loans.

Teaching methods

Lectures
Tutorials
Project work

Summary

The subject is focused on the detailed understanding of the principles of economic and financial management of industrial enterprises, both in the area of costs and revenues, as well as in the types of long-term and circulating assets and resources of its coverage. The explanation is also focused on information security and on the tools of this economic and financial management in the form of calculations, horizontal and vertical financial analysis and static and dynamic methods of investment evaluation. The subject also makes students familiar with external legal and economic factors affecting the industrial enterprise, especially within the tax system, subsidy policy, bank instruments, and bank loans.

Compulsory literature:

WAHLEN, J., M., S., P. BAGINSKI a M., T. BRADSHAW. Financial reporting, financial statement analysis, and valuation: a strategic perspective. 8E. Boston: Cengage Learning, 2015. ISBN 978-1-285-19090-7. GOLDMAN, A. J. a W. D. SIGISMOND. Business law: principles and practices. 8th ed. Mason: South-Western Cengage Learning, c2011. ISBN 978-0-538-74995-4.

Recommended literature:

SALVATORE, D. Managerial economics: principles and worldwide applications. International 8th ed. New York: Oxford University Press, c2015. ISBN 978-0-19-939715-0.

Way of continuous check of knowledge in the course of semester

Zkouška: Písemný test. Ústní zkouška. Vypracování semestrálního projektu na zadané téma z oblasti ekonomiky.

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 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, submodul Strategický management. - JANOVSKÁ, K., VOZŇÁKOVÁ, I., ŠVECOVÁ, E. Ekonomika podniku. Studijní opory. Ostrava: VŠB-TU Ostrava, 2015. - JANOVSKÁ, K., VILAMOVÁ, Š. Manažerská ekonomika. Studijní opory. Ostrava: VŠB-TU Ostrava, 2015.

Other requirements

Preparation of a seminar paper on an assigned topic - combined form of teaching. Credit test - full-time form of teaching.

Prerequisities

Subject codeAbbreviationTitleRequirement
634-2017 PEM Industrial Economics and Management Compulsory

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Specifics of economic and financial management of industrial companies in the planning, monitoring, evaluation and decision-making processes. 2. Managerial accounting as an information base for the economic and financial management of industrial companies. 3. Possibilities to ensure the economy and efficiency of production companies. 4. Control of single (direct) and overhead variable costs in re-production (reversal point, calculation system). 5. Fixed costs management at production companies. 6. The specifics of managing fixed assets in the terms of production companies. 7. Specification of inventory management in the conditions of the manufacturing industry. 8. Possibilities of receivables management for domestic and foreign customers. 9. Specifics of Financial Analysis of Industrial companies (Profit and Loss Statement, Balance Sheet, Benchmarking). 10. Indicators of horizontal and vertical financial analysis focusing on the specifics of industrial companies. 11. Investment decision-making in terms of production companies, specifics of the pre-investment, investment and operational phase of the investment project. Static and dynamic methods of investment evaluation, time value of money, Discounted Cash Flow, net present value. 12. The main factors of the industrial company´s macroeconomics (taxes and tax system, tax burden, subsidy policies, transfer pricing, bank reinsurance and payment instruments, bank loans and conditions for their acquisition). 13. Tasks in the field of economic and financial management of an industrial company solved within the educational information system Bucad. 14. Case study - Using the Activity Based Costing method for scheduling overhead costs for service centers at manufacturing centers.

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 and Examination Credit and Examination 100 (100) 51
        Credit Credit 30  20
        Examination Examination 70  51
Mandatory attendence parzicipation: At least 80% attendance at tutorials and seminars.

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2021/2022 (B0488A270001) Quality Management and Control of Industrial Systems (S01) Economics and Management in Industry EPP K Czech Ostrava 2 Compulsory study plan
2021/2022 (B0488A270001) Quality Management and Control of Industrial Systems (S02) Quality Management P Czech Ostrava 2 Optional study plan
2021/2022 (B0488A270001) Quality Management and Control of Industrial Systems (S01) Economics and Management in Industry EPP P Czech Ostrava 2 Compulsory study plan
2021/2022 (B0488A270001) Quality Management and Control of Industrial Systems (S03) Computer Control Systems in Industry P Czech Ostrava 2 Optional study plan
2021/2022 (B0488A270001) Quality Management and Control of Industrial Systems (S02) Quality Management K Czech Ostrava 2 Optional study plan
2021/2022 (B0488A270001) Quality Management and Control of Industrial Systems (S03) Computer Control Systems in Industry K Czech Ostrava 2 Optional study plan
2020/2021 (B0488A270001) Quality Management and Control of Industrial Systems (S01) Economics and Management in Industry EPP P Czech Ostrava 2 Compulsory study plan
2020/2021 (B0488A270001) Quality Management and Control of Industrial Systems (S02) Quality Management P Czech Ostrava 2 Optional study plan
2020/2021 (B0488A270001) Quality Management and Control of Industrial Systems (S01) Economics and Management in Industry EPP K Czech Ostrava 2 Compulsory study plan
2020/2021 (B0488A270001) Quality Management and Control of Industrial Systems (S02) Quality Management K Czech Ostrava 2 Optional study plan
2020/2021 (B0488A270001) Quality Management and Control of Industrial Systems (S03) Computer Control Systems in Industry P Czech Ostrava 2 Optional study plan
2020/2021 (B0488A270001) Quality Management and Control of Industrial Systems (S03) Computer Control Systems in Industry K Czech Ostrava 2 Optional study plan
2019/2020 (B0488A270001) Quality Management and Control of Industrial Systems (S01) Economics and Management in Industry EPP P Czech Ostrava 2 Compulsory study plan
2019/2020 (B0488A270001) Quality Management and Control of Industrial Systems (S01) Economics and Management in Industry EPP K Czech Ostrava 2 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner