VSFS:NA_CFM Corporate Finance Management - Course Information

NA_CFM Corporate Finance Management

Extent and Intensity

2/2/0. 6 credit(s). Type of Completion: zk (examination).

Guaranteed by

Ing. Eva Kostikov, 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

At the end of the course students should be able to understand and explain the principles and techniques of finance and their various applications, particularly concerning strategic investment decisions and value-based management. Graduates should be able to comprehend and utilize essential financial concepts in various positions of management and specialist responsibility, with a focus on corporate strategy issues.

Learning outcomes

The student would understand:
• 1. Fundamental concepts of financial management.
• 2. Analysis of Financial Statements
• 3. Time Value of Money
• 4. Bonds and bond valuation as an application of basic financial concepts
• 5. Risk, Return and the Capital Asset Pricing Model
• 6. Stocks, stock valuation and Stock Market and Financial Options
• 7. The Cost of Capital
• 8. Capital Budgeting: Evaluating Cash Flows and Certainly Equivalents and risk-Adjusted Discount Rates
• 9. Financial Planning and forecasting of financial Statements
• 10. Corporate valuation and governance (financial planning and forecasting, value-based management)
• 11. Distribution of Shareholders: Dividends and Repurchases
• 12. Capital Structure Decisions

Syllabus

• 1. Time value of money.
• 2. Bonds and bond valuation as an application of basic financial concepts; risk and return.
• 3. Stocks and stock valuation; market equilibrium; CAPM.
• 4. Options. Cost of capital.
• 5. Basics of capital budgeting; estimating cash flows in projects.
• 6. Corporate valuation and governance (financial planning and forecasting, value-based management).

Literature

required literature
• BRIGHAM, Eugene F. and Michael C. EHRHARDT. Financial Management: Theory & Practice. 16 edition. Cengage Learning Pub. 2019. 1216 p. ISBN 978-1337902601.
• VLACHÝ, Jan. Corporate finance: exercises. Praha: Leges, 2018. 184 p. ISBN 978-80-7502-291-2.

recommended literature
• BERK, Jonathan and Peter DEMARZO. Corporate Finance, Global Edition. 5th edition. United Kingdom, London: Pearson. 2019. 792 p. ISBN 978-1292304151.
• HITCHNER, James R. Financial Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Financial Valuation. 4th. Hoboken, New Jersey, United States: Wiley, 2017, 480 s. ISBN 978-1119312345.
• BREALEY Richard A., MYERS, Stewart C. and Franklin ALLEN. Principles of Corporate Finance. 13 edition. New York, NY: McGraw-Hill Education, 2019. 896 p. ISBN 978-1260565553.
• WELCH, Ivo. Corporate finance. 4th ed. United States: Ivo Welch. 2016. 634 p. ISBN 978-0-9840049-2-8.
• DAMODARAN, Aswath. Applied Corporate Finance. 4 edition. Hoboken, New Jersey: Wiley. 2015. 656 p. ISBN 978-1-118-80893-1.

Teaching methods

Lectures and seminars in full-time study; tutorials in part-time study; compulsory seminar participation is 75% in full-time study, compulsory tutorial participation is 50% in part-time study. The subject is delivered in full-time study by 12 lectures of theory (organized in 6 blocks) and 6 seminars of theory application.

Assessment methods

Credit will be granted based on active participation in the course, including prepared seminar assignments. Terminal grading will be based on a written final exam (cca 12 problems and questions).

Language of instruction

English

Follow-Up Courses

• NA_CFM_2 Corporate Finance Management 2

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.

• Enrolment Statistics (recent)
  
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