B_PF_1 Company Finances 1

University of Finance and Administration
Winter 2024
Extent and Intensity
2/2/0. 6 credit(s). Type of Completion: zk (examination).
Guaranteed by
Ing. Jana Kotěšovcová, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Dita Egertová
Prerequisites
There are no prerequisites for this course.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The aim of the course is to introduce the basic features of the company, with the processes that take place in the company and which fulfills the basic general objective of its activities. At the end of the course students will be able to handle and explain the issues necessary for the financial decisions of an operative nature according to other activities in the business process. At the same time course will lead to basic practical conventions in analyzing of financial statements and drawing up a financial plans.
Learning outcomes
After completion of this course the student will have the following professional knowledge. Explain the differences in different legal forms of business. Can compile a business plan, including a founding budget. Identify the basic links between the financial statements in relation to the financial management of the enterprise. Clearly determine the ownership and capital structure of the business, including its optimization. To characterize the different categories of enterprise costs and returns in business, its effectiveness in relation to profit-volume production-cost-cost. In the context of operational management, it is able to determine the cash flow, net working capital and the substance of the current assets management. Explain the importance of the financial plan, including its compilation. It can differentiate and correctly decide on the use of different sources of short-term funding.
Syllabus
  • 1. Principles of enterprise and entrepreneurship - basic concepts, surroundings, objectives, and functions 2. Typology of enterprises, and enterprise life, selection of the legal form of business, business plan, founding budget 3. Corporate accounting - financial accounting as a source of data, the links between the financial statements, management accounting, costing, budgeting, business statistics 4. Ownership structure of the company - analysis of balance sheet items 5. The capital structure of the company - views of the company's capital structure, optimal capital structure 6. Cost of the enterprise and their categories - determination a tipping point of maximum profit, operating leverage 7. The effectiveness of the enterprise and its basic categories - the role of profit and loss in business, production factors, the relationship between profit, production volume, price, and cost 8. Management of cash flow - the method of determining the cash flow, capital of labour, and its management 9. Corporate financing - types, sources of regular financing, financial management and decision making, financial leverage 10. Financial planning - business strategy, principles of financial planning, classification of financial plans, financial planning models 11. Receivables management - main goals, negative effects of bad and late receivables, prevention and methods of recovery 12. Inventory management - main goals of inventory management in the company, types of inventory, inventory optimization, indicators in the field of inventory optimization, JIT
Literature
    required literature
  • TAUŠL PROCHÁZKOVÁ P. a JELÍNKOVÁ E. Podniková ekonomika - klíčové oblasti. 2018, Grada. ISBN:978-80-271-0689-9
  • ČIŽIMSKÁ, R., Základy finančního řízení podniku. 2018, Grada. ISBN: 978-80-271-0194-8
  • KUBÍČKOVÁ, Dana a Irena JINDŘICHOVSKÁ. Finanční analýza ve finančním řízení. Praha: VŠFS, 2022. ISBN: 978-80-7408-231-3
  • KISLINGEROVÁ, Eva. Manažerské finance. 3. přepracované vydání. Praha: C. H. Beck, 2010. ISBN 9788074001949.
    recommended literature
  • SYNEK, Miloslav. Manažerská ekonomika. 5., aktualizované a doplněné vydání. Praha: Grada Publishing, 2011. ISBN 978-80-247-3494-1
  • SYNEK, Miloslav a Eva KISLINGEROVÁ. Podniková ekonomika. 6. přepracované a dopl. vydání. Praha: C. H. Beck, 2015. ISBN 978-80-7400-274-8.
  • SEDLÁČEK, J. Cash flow. 2.vydání. Brno: Computer Press, 2010. ISBN 978-80-251-3130-5.
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.
Information on the extent and intensity of the course: 16 hodin KS/semestr.
Teacher's information
The exercise serves as a support for lectures, in which the theory is discussed and explained. Part and main content of the exercise is the practice of practical examples. Exercise 1 - topics and assignments of seminar work + founding budget Exercise 2 - time value of money (current + future), balancing, MKS + optimization of capital structure Exercise 3 - cost management, efficiency, determining the turning point (max. Profit), operating leverage Exercise 4 - use of profit categories, determination of cash flow and mutual relationship, WACC Exercise 5 - working capital management (calculation of CPA and capital needs), financial leverage, management of receivables and inventories Exercise 6 - credit test.
The course is also listed under the following terms Winter 2020, Winter 2021, Winter 2022, Winter 2023.
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