B_FAP Enterprise Financial Analysis

University of Finance and Administration
Summer 2019
Extent and Intensity
2/1/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Michal Blahout, Ph.D. (seminar tutor)
Ing. Dana Kubíčková, CSc. (seminar tutor)
Guaranteed by
Ing. Dana Kubíčková, CSc.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Lenka Pokorná
Timetable of Seminar Groups
B_FAP/cRKV: each odd Wednesday 14:00–14:44 KV211, each odd Wednesday 14:45–15:30 KV211, M. Blahout
B_FAP/cR1PH: each odd Monday 10:30–11:14 E024, each odd Monday 11:15–12:00 E024; and Mon 15. 4. 10:30–12:00 E230, D. Kubíčková
B_FAP/cR2PH: each odd Tuesday 12:15–12:59 E227, each odd Tuesday 13:00–13:45 E227, D. Kubíčková
B_FAP/pRKV: each even Wednesday 12:15–12:59 KV211, each even Wednesday 13:00–13:45 KV211, each even Wednesday 14:00–14:44 KV211, each even Wednesday 14:45–15:30 KV211, M. Blahout
B_FAP/pRPH: Tue 14:00–14:44 E306, Tue 14:45–15:30 E306, except Tue 5. 2. ; and Tue 19. 2. 12:15–13:45 E306, D. Kubíčková
B_FAP/vRMO: Sat 9. 2. 11:30–13:00 M14, 14:00–15:30 M14, Sat 23. 2. 11:30–13:00 M14, 14:00–15:30 M14, Sat 9. 3. 11:30–13:00 M14, 14:00–15:30 M14, M. Blahout
B_FAP/vRPH: Fri 1. 3. 15:45–17:15 E126, 17:30–19:00 E126, Sat 30. 3. 9:45–11:15 E129, 11:30–13:00 E129, Fri 12. 4. 15:45–17:15 E127, 17:30–19:00 E127, D. Kubíčková
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
After completing the course, students should be able to evaluate the financial situation of the company on the basis of information from the annual reports and will understand what are weak and the strengths of financial health, what is the performance of the enterprise, its liquidity, capital structure and activity. Student will be be able to handle the analysis of society, which is looking for a convenient way of financing their activities, whether in the form of funding or emissions of shares. After passing the course the Student will be familiar with the methodological device indicators of financial analysis and will know what indicators best use for the situation. On the basis of the established facts about the financial health of the company, students should be able to propose appropriate measures to improve problem areas.
Learning outcomes
After completing the course the student will
- be able to evaluate the financial situation of the company on the basis of information from the annual financial reports,
- understand what are the weak and the strengths of financial situation of firms health (efficiency, liquidity, capital structure and activity),
- be able to perform the analysis of the company,
- know the methodology of financial analysis (financial indicators) and will know the calculation of these indicators,
- based on the indicators to conclude the overall assessment of financial situation and efficiency and to propose appropriate measures to improve problem areas.
Syllabus
  • The content of the lectures: 1. Company performance, its concept and measurement, the role, nature and methods of financial analysis in assessing performance. 2. Sources of data for financial analysis. Interpretation of results. 3. The trend and structure analysis 4. The difference indicators - Working capital, profit levels. Ratios and its concept. Liquidity ratios. 5. Ratios - activities and capital structure 6. Ratios - Profitability ratios. Pyramidal decomposition of ROE 7. Indicators of capital market. System of indicators - bankruptcy and creditworthy models. 8. Bankruptcy models - Altman, Index Neumaiers, 9. Creditworthy models - Argenti scóre, Kralick quick test, Grunwald model, 10. Intercompany comparison methods 11. EVA indicator and its use and practical calculation 12. Modern approaches to performance evaluation
Literature
    required literature
  • Kubíčková Dana a Irena Jindřichovská, Finanční analýza a hodnocení výkonnosti firem, Praha: C. H. Beck 2015, ISBN 978-80-7400-538-1
    recommended literature
  • KNÁPKOVÁ, Adriana et al. Finanční analýza: komplexní průvodce s příklady. 3., kompletně aktualizované vydání. Praha: Grada Publishing, 2017. 228 stran. ISBN 978-80-271-0563-2.
  • KALOUDA, František. Finanční analýza a řízení podniku. 3. rozš. vyd. Plzeň: Aleš Čeněk, s.r.o., 2017. 328 stran. ISBN 978-80-7380-646-0.
  • Marinič P., Hodnotový management ve finančním řízení, Praha: Wolters Kluwer 2014, ISBN 978-80-7478-405-7
  • PAVELKOVÁ, Drahomíra a Adriana KNÁPKOVÁ. Výkonnost podniku z pohledu finančního manažera. 3. vyd. Praha: Linde, 2012.
  • ROBINSON, Thomas R. et al. International financial statements analysis. Third edition. Hoboken: Wiley, [2015], ©2015. xxiv, 1033 stran. CFA Institute investment series. ISBN 978-1-118-99947-9.
Teaching methods
Type of course: lectures, exercises (full-time students), managed by the consultations on the basis of distance support (combined studies), full-time study-75% mandatory participation in the exercises, the combined student independent work by spacer support with one tutorial
Assessment methods
Full-time study-case studies during the semester and seminar work on financial analysis of a particular company, including its presentation. Distance study - draw up of pots, at the end of the course test to perform the financial analysis of a particular enterprise on the basis of the financial statements. The way to the end of the course: the course is completed the credit and exam.
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: 12 hodin KS/semestr.
The course is also listed under the following terms Winter 2007, Summer 2008, Summer 2009, Summer 2010, Summer 2011, Winter 2011, summer 2012, Winter 2012, Summer 2013, Summer 2014, Summer 2015, Summer 2016, Summer 2017, Summer 2018, Summer 2020, Summer 2021, Summer 2022, Summer 2023, Summer 2024, Summer 2025.
  • Enrolment Statistics (Summer 2019, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/summer2019/B_FAP