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The course is focused on understanding the finances and financial management of the company. In its framework, the basic problems associated with decision-making in the field of company finances will be solved. The course introduces students to issues related to management, managerial functions, goals and tools of business management, business organizations, manager's personality, financial management and long-term financial management.
Key Learning Goals: The overarching learning objective of the course is to familiarize students with the field of corporate finance. Finances are tied to everything, they circulate in all parts of the company, in some places they are less visible, in others more. You all may encounter corporate finance, and therefore the aim of the course is to help you get to know and understand the corporate finance system. By the end of the course, students should be able to: − gain an understanding of accounting statements - they should understand what to look for and find in the statements, what they tell about, how they are interconnected, − become more familiar with the basic methods of financing, their advantages and disadvantages in relation to the assets that the company needs to finance and the demands on the cost of capital, − take decisions about the further need for investments, when to take them and where to take additional capital for investments. − look at the company as a whole through a comprehensive assessment of its activity reflected in financial results, i.e. financial analysis, − Come closer to strategic financial decisions within the company, about the appropriate setting of the capital structure, including deciding whether dividends should be retain (and re-invest) or paid out. Poslední úprava: Šicnerová Barbora, Mgr. (05.08.2024)
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The course finishes with a final exam. The exam counts 80% towards the final grade. For their work in the practical seminars and quizzes, students earn another 20% towards their final grade. Poslední úprava: Šicnerová Barbora, Mgr. (05.08.2024)
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The course includes the following topics: 1. The concept of corporate finance and company goals, the concept of managerial decision-making 2. Time value of money, future value, present value, discounting 3. Financial statements as a picture of the company's activity 4. Life cycle of the business, sources of business financing 5. Financial analysis, Measuring business performance 6. Strategic financial decisions, Modigliani-Miller theorem, WACC indicator, CAPM method, financial and operating leverage, risk and time 7. Cash flow, management of the company's cash flows, management of working capital 8. Investments, strategic long-term decision-making, classification of investment projects, investment evaluation, cost-benefit analysis, sensitivity analysis 9. Mergers and acquisitions, hostile takeovers 10. Strategic management of the holding, financial relations in the holding 11. Securities, shares vs. bonds, valuation of securities, enterprise value
Poslední úprava: Šicnerová Barbora, Mgr. (05.08.2024)
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Základní literatura: 1. Kislingerová, E. Manažerské finance. Praha: C.H.Beck. 2010. 2. Scholleová, H. Ekonomické a finanční řízení firmy pro neekonomy. Praha: Grada, 2017. Ostatní literatura: 1. Synek, M. Manažerská ekonomika. Praha: Grada. 2007. 2. Brealey, A. R., Myers, S.C., Franklin, A. Principles of Corporate Finance. McGraw- Hill Education. 2019.
Poslední úprava: Šicnerová Barbora, Mgr. (05.08.2024)
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