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Lecturer(s)
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Blahová Michaela, Ing. Ph.D.
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Pálka Přemysl, Ing. Ph.D.
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Course content
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Introduction to Corporate Finance. Time value and risk in financial management. Company's assets and capital structure. Revenues, costs and profit. Cash flow. Financial analysis. Short-term assets management. Short-term financing. System of payment. Investment decision-making. Cost of capital. Optimal capital structure and its optimization. Long-term financing of fixed assets. Company's profit and dividend policy. Financial planning. Business valuation.
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Learning activities and teaching methods
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Monologic (Exposition, lecture, briefing)
- Participation in classes
- 52 hours per semester
- Home preparation for classes
- 20 hours per semester
- Term paper
- 30 hours per semester
- Preparation for examination
- 20 hours per semester
- Preparation for course credit
- 15 hours per semester
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| prerequisite |
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| Knowledge |
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| Basic knowledge of accounting, finance and banking is required to enrol in the course. |
| Basic knowledge of accounting, finance and banking is required to enrol in the course. |
| learning outcomes |
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| describe the time value of money theory and risk assessment in business |
| describe the time value of money theory and risk assessment in business |
| characterise the asset and capital structure (balance sheet) and the cost and income structure (profit and loss statement) |
| characterise the asset and capital structure (balance sheet) and the cost and income structure (profit and loss statement) |
| describe the cash flow statement and methods of its composition (direct and indirect) |
| describe the cash flow statement and methods of its composition (direct and indirect) |
| characterise the principles and methods of financial analysis |
| characterise the principles and methods of financial analysis |
| explain the basics of current asset management |
| explain the basics of current asset management |
| describe the procedures for evaluating investment projects using different methods |
| describe the procedures for evaluating investment projects using different methods |
| characterise the cost of capital and the company's optimal capital structure |
| characterise the cost of capital and the company's optimal capital structure |
| describe the different forms of short-term and long-term financing of a company, including their advantages and disadvantages |
| describe the different forms of short-term and long-term financing of a company, including their advantages and disadvantages |
| characterise the elaboration of a long-term financial plan |
| characterise the elaboration of a long-term financial plan |
| explain the company's profit and dividend policy |
| explain the company's profit and dividend policy |
| clearly define the business valuation process |
| clearly define the business valuation process |
| Skills |
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| deal with the time value of money |
| deal with the time value of money |
| prepare financial statements, including cash flow, using direct and indirect methods |
| prepare financial statements, including cash flow, using direct and indirect methods |
| carry out a financial analysis of the company |
| carry out a financial analysis of the company |
| evaluate the efficiency of an investment into fixed assets using selected methods |
| evaluate the efficiency of an investment into fixed assets using selected methods |
| calculate the cost of capital and determine the optimal capital structure of the company |
| calculate the cost of capital and determine the optimal capital structure of the company |
| prepare a long term financial plan |
| prepare a long term financial plan |
| perform a business valuation using selected methods |
| perform a business valuation using selected methods |
| teaching methods |
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| Knowledge |
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| Lecturing |
| Lecturing |
| Methods for working with texts (Textbook, book) |
| Methods for working with texts (Textbook, book) |
| Dialogic (Discussion, conversation, brainstorming) |
| Dialogic (Discussion, conversation, brainstorming) |
| Practice exercises |
| Practice exercises |
| Dealing with situational issues - learning in situations |
| Dealing with situational issues - learning in situations |
| Teamwork |
| Teamwork |
| assessment methods |
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| Written examination |
| Written examination |
| Grade (Using a grade system) |
| Grade (Using a grade system) |
| Analysis of seminar paper |
| Analysis of seminar paper |
| Preparation of a presentation |
| Preparation of a presentation |
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Recommended literature
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BERK, J. B., DEMARZO, P. M. Corporate finance. Third edition. Harlow: Pearson Education Limited, 2014. ISBN 978-0-273-79202-4.
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BREALEY, R. A., MYERS, S. C., ALLEN, F. Principles of corporate finance. Twelfth edition. New York: McGraw-Hill Education, 2017. ISBN 978-1-259-25333-1.
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DAMODARAN, A. Applied Corporate Finance. 4. edn.. Wiley, 2015. ISBN 978-1-118-80893-1.
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DAMODARAN, A. Investment valuation: tools and techniques for determining the value of any asset. Hoboken: Wiley, 2012. ISBN 978-1-118-01152-2.
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ROSS, S. A., WESTERFIELD, R., JORDAN, B. D. Fundamentals of corporate finance. Eleventh edition. New York: McGraw-Hill Education, 2016. ISBN 978-0-07-786170-4.
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