B_PF_1 Company Finances 1

University of Finance and Administration
Winter 2026
Extent and Intensity
2/1/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)
Ing. Květa Sukovičová (seminar tutor)
Guaranteed by
Ing. Jana Kotěšovcová, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Ivana Plačková
Prerequisites
There are no prerequisites for this course.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The objective of the course is to familiarize students with the basics of business operations and financial management, including the principles of sustainability. Students will acquire knowledge of financial statements, asset and capital structure, costs, and methods of evaluating business performance. Emphasis is given to financial planning, investment decision-making, and the management of current assets, inventories, and receivables. Graduates of the course will be able to apply theoretical knowledge to practical situations and prepare materials for management decision-making.
Learning outcomes
After successfully completing the course Corporate Finance, students will be able to: Understand basic business concepts and analyze the business environment, including sustainability factors and strategic analysis. Distinguish between types of businesses and their life cycles, compile a business plan and start-up budget. Read and interpret basic financial statements (balance sheet, income statement, cash flow) and understand their interrelationships, including the use of management accounting and calculations. Analyze the asset and capital structure of a business, calculate WACC, and assess the optimal capital structure. Classify business costs, determine the break-even point, and the relationship between profit, production volume, price, and costs. Use financial analysis methods, including structural and trend analysis, difference and ratio indicators. Prepare short-term and long-term financial plans, including budgets and start-up budgets. Apply the principle of time value of money in financial management and master the basic methods of its determination. Make investment decisions using static and dynamic methods (NPV, IRR). Manage current assets and inventories, apply models for their optimization (Baumol's model, JIT). Assess and manage receivables, identify risks associated with their uncollectibility, and propose preventive and corrective measures.
Syllabus
1. The company and business – basic concepts, history of business, important entrepreneurs 2. ESG and its reporting in companies, SDG as reporting on state sustainability, strategic analyses in companies 3. Basic financial statements, balance sheet, income statement, cash flow, links between financial statements 4. Asset and capital structure of a business, types of assets and capital in a business, depreciation, optimal capital structure, WACC 5. Costs of a business, their classification, determining the break-even point when planning production capacity, the relationship between profit, production volume, price, and costs 6. Evaluation of company performance using financial analysis, structural and trend analysis, differential and ratio indicators 7. Financial plan of the company, start-up budget, short-term and long-term financial plan 8. Time value of money in financial management, use, methods of determination 9. Investment decision-making, basic phases, classification, static methods 10. Investment decision-making, dynamic methods, NPV, IRR 11. Current assets, inventories and their management, inventory optimization - Baumol's model, JIT 12. Receivables management - main objectives, negative impacts of uncollectible and late-paid receivables, prevention and methods of recovery
Literature
    required literature
  • Náhradní obsah: VOCHOZKA, Marek a kol. Finance podniku: Komplexní pojetí. Grada, 2021, ISBN: 978-80-271-3267-6
  • KUBÍČKOVÁ, Dana a Irena JINDŘICHOVSKÁ. Finanční analýza ve finančním řízení. Praha: VŠFS, 2022. ISBN: 978-80-7408-231-3
  • ČIŽIMSKÁ, R., Základy finančního řízení podniku. 2018, Grada. ISBN: 978-80-271-0194-8
  • RŮČKOVÁ, Petra. Finanční analýza: metody, ukazatele, využití v praxi. 7. aktualizované vydání. Praha: Grada Publishing, 2021. ISBN 978-80-271-3124-2.
  • TAUŠL PROCHÁZKOVÁ P. a JELÍNKOVÁ E. Podniková ekonomika - klíčové oblasti. 2018, Grada. ISBN:978-80-271-0689-9
    recommended literature
  • SYNEK, Miloslav a Eva KISLINGEROVÁ. Podniková ekonomika. 6. přepracované a dopl. vydání. Praha: C. H. Beck, 2015. ISBN 978-80-7400-274-8.
  • KISLINGEROVÁ, Eva. Manažerské finance. 3. přepracované vydání. Praha: C. H. Beck, 2010. ISBN 9788074001949.
Teaching methods
Teaching consists of lectures and exercises in full-time study, managed by group consultations in the form of study. The scope of compulsory participation in education: Minimum mandatory participation in exercises in full-time studies is 75%, the controlled group consultations in combined form 50%. Students who fail to meet the mandatory level of participation may be given during the semester additional study obligations to the extent that will demonstrate academic achievement and acquired competencies necessary for successful completion of course.
Assessment methods
The subject is finished by exam and credit in the form of a written test (practical examples trained during exercises). Another condition for the credit is the elaboration of the assignment of seminar work, whose topic will be assigned at the beginning of the semester in the exercises. The acquiring of credit is a necessary condition for a student to be able to take the exam. The exam consists of a written test on theoretical grounds, which is followed by an oral examination.
Language of instruction
Czech
Follow-Up Courses
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Teacher's information
The exercises support the lectures, which discuss and explain the theory. The main content of the exercises is the training of the practical examples. 1) Basic financial statements, asset and capital structure of a company, income statement, cash flow statement, and methods of compilation 2) Setting the break-even point in production capacity planning 3) Evaluating company performance using financial analysis, structural and trend analysis, and ratio indicators 4) Financial planning, start-up budget, short-term and long-term plan 5) Time value of money in financial management, weighted average cost of capital (WACC) 6) Investment decision-making, basic phases, classification, static methods, investment decision-making, dynamic methods, NPV, IRR
The course is also listed under the following terms Winter 2020, Winter 2021, Winter 2022, Winter 2023, Winter 2024, Winter 2025.
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