NA_CFM_1 Corporate Finance Management 1

University of Finance and Administration
Winter 2018
Extent and Intensity
2/1. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Kateřina Kalinová (seminar tutor)
Ing. David Mareš, Ph.D., MBA (seminar tutor)
Guaranteed by
Ing. Eva Kostikov, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Ing. Edita Jerie, DiS.
Timetable of Seminar Groups
NA_CFM_1/cBMPH: each even Wednesday 10:30–11:14 S11, each even Wednesday 11:15–12:00 S11, K. Kalinová
NA_CFM_1/pBMPH: Thu 15:45–16:29 S23, Thu 16:30–17:15 S23, D. Mareš
Prerequisites
There are no prerequisites for this course.
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
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
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 Cah 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. Fundamental concepts of financial management. 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 EHRHARDT, Michael C., 2013. Financial Management: Theory & Practice. 14 edition. Australia: South-Western College Pub. ISBN 978-1-111-97220-2.
  • VLACHÝ, Jan. Corporate finance: exercises. Praha: Leges, 2015. ISBN 978-80-7502-085-7.
    recommended literature
  • BREASLEY Richard A., MYERS, Stewart C. and ALLEN, Franklin, 2016. Principles of Corporate Finance. 12 edition. New York, NY: McGraw-Hill Education. ISBN 978-1-259-14438-7.
  • HITCHNER, James R. Financial valuation workbook: step-by-step exercises and tests to help you master financial valuation. In: . [2017]. ISBN 978-1-119-31247-5. MDT
  • DAMODARAN, Aswath, 2014. Applied Corporate Finance. 4 edition. Hoboken, New Jersey: Wiley. ISBN 978-1-118-80893-1.
  • BERK, Jonathan and DEMARZO, Peter, 2016. Corporate Finance (4th Edition) (Pearson Series in Finance) - Standalone book. 4 edition. Boston: Pearson. ISBN 978-0-13-408327-8.
  • BERK, Jonathan B a Peter M DEMARZO. Corporate finance: the core. In: . 2017. ISBN 978-1-292-15833-4.
  • WELCH, Ivo. Corporate finance. 4th ed. United States: Ivo Welch, 2016. ISBN 978-0-9840049-2-8.
  • WATSON, Denzil a Anthony HEAD. Corporate finance: principles and practice. In: . 2016. ISBN 978-1-292-14424-5.
  • OGDEN, Joseph P., Frank C. JEN a Philip F. O´CONNOR. Advanced corporate finance: policies and strategies. Upper Saddle River: Prentice Hall, 2003. ISBN 0-13-091568-8.
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 (ca 12 problems and questions, max. 33 points).
Language of instruction
English
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: 8 hodin KS/semestr.
The course is also listed under the following terms Winter 2010, Winter 2011, Winter 2012, Winter 2013, Winter 2014, Winter 2015, Winter 2016, Winter 2017.
  • Enrolment Statistics (recent)
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