654-2018/01 – Economics of an Industrial Enterprise (EPP)
Gurantor department | Department of Industrial Systems Management | Credits | 5 |
Subject guarantor | prof. Ing. Kamila Janovská, Ph.D. | Subject version guarantor | prof. Ing. Kamila Janovská, Ph.D. |
Study level | undergraduate or graduate | Requirement | Optional |
Year | 2 | Semester | summer |
| | Study language | Czech |
Year of introduction | 2022/2023 | Year of cancellation | |
Intended for the faculties | FMT | Intended for study types | Bachelor |
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:
Recommended literature:
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 has no prerequisities.
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
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction