Course Information

N_OP Business Evaluation

Extent and Intensity

0/2/0. 3 credit(s). Type of Completion: z (credit).

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

Student after completing the course of business valuation can understand the concepts of business valuation, to distinguish the concepts of value and price. Will know the layout of the valuation methods, and basic business valuation. Students will understand the importance of the strategic analysis of award winning company, its financial health and can navrnout procedure for preparing the financial plan, the award-winning company. Can specify and quantify risk, find the risk-free rate of return, WACC - average cost of capital, the beta coefficient, the CAPM method to identify the risk premium from the capital market and analysis of risk factors. Students will be able to define and construct corresponding to different types of income-earning methods (free cash flow, EVA, capitalized net income).

Learning outcomes

Ability to calculate company value and ability to make fundamental analysis of stock (shares) of company.

Syllabus

• 1) Definition of business valuation.
• 2) Overview of categories and valuation methods.
• 3) Strategic analysis of the company being valued.
• 4) Evaluation of the financial health of the company.
• 5) The estimate of future market potential for the company.
• 6) financial plan.
• 7) The concept and classes of risk, methods of determining risk premiums, weighted cost of capital.
• 8) Construction of free cash flow, EVA, capitalized net returns.
• 9) Separation of the non-operating assets and correction profit.
• 10) Methods based on analysis of property /property methods/.
• 11) Methods based on analysis of market /market valuation methods/.
• 12) Final valuation, final statement and the synergy effect.

Literature

required literature
• Mařík Miloš, Metody oceňování podniku: proces ocenění - základní metody a postupy, čtvrté aktualizované a doplněné vydání, Ekopress, Praha, 2018, 550 s.ISBN: 978-80-87865-38-5
• Mařík Miloš a kolektiv. Metody oceňování podniku pro pokročilé, Hlubší pohled na vybrané problémy, druhé upravné vydání. Ekopress, 2018

recommended literature
• Zima Petr, Oceňování podniků v právní praxi, nakladatelství C.H.Beck, 2016, 272 s. ISBN: 978-80-74006-23-4
• Krabec Tomáš, Oceňování podniku a standardy hodnoty, Grada Publishing, 2009, 264 s., ISBN: 978-247-2865-0
• Hrdý Milan, Oceňování finančních institucí, Praktické postupy a příklady, Grada Publishing, 2005
• Kislingerová Eva, Oceňování podniku, 2. přepracované a doplněné vydání, nakladatelství C.H. Beck, 2001

Teaching methods

For daily study - lectures, where students are introduced to the theoretical procedures of valuation, at seminars held presentation of seminar work students at a particular company valuation using income approach. Lectures an seminars in full-time study - participation is 75%. For distační Study - guided consultations with 75% participation.

Assessment methods

Credit - seminar work on the valuation of a particular enterprise by income approach, including its presentation. Credit is a summary of activities of students in lectures and exercises and resulting essay. Examination is writing - processing exam test. For distační Study - examination is writing - processing exam test.

Language of instruction

Czech

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.

N_OP Business Evaluation

Extent and Intensity

0/2/0. 3 credit(s). Type of Completion: z (credit).

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

Student after completing the course of business valuation can understand the concepts of business valuation, to distinguish the concepts of value and price. Will know the layout of the valuation methods, and basic business valuation. Students will understand the importance of the strategic analysis of award winning company, its financial health and can navrnout procedure for preparing the financial plan, the award-winning company. Can specify and quantify risk, find the risk-free rate of return, WACC - average cost of capital, the beta coefficient, the CAPM method to identify the risk premium from the capital market and analysis of risk factors. Students will be able to define and construct corresponding to different types of income-earning methods (free cash flow, EVA, capitalized net income).

Learning outcomes

Ability to calculate company value and ability to make fundamental analysis of stock (shares) of company.

Syllabus

• 1) Definition of business valuation.
• 2) Overview of categories and valuation methods.
• 3) Strategic analysis of the company being valued.
• 4) Evaluation of the financial health of the company.
• 5) The estimate of future market potential for the company.
• 6) financial plan.
• 7) The concept and classes of risk, methods of determining risk premiums, weighted cost of capital.
• 8) Construction of free cash flow, EVA, capitalized net returns.
• 9) Separation of the non-operating assets and correction profit.
• 10) Methods based on analysis of property /property methods/.
• 11) Methods based on analysis of market /market valuation methods/.
• 12) Final valuation, final statement and the synergy effect.

Literature

required literature
• Mařík Miloš, Metody oceňování podniku: proces ocenění - základní metody a postupy, čtvrté aktualizované a doplněné vydání, Ekopress, Praha, 2018, 550 s.ISBN: 978-80-87865-38-5
• Mařík Miloš a kolektiv. Metody oceňování podniku pro pokročilé, Hlubší pohled na vybrané problémy, druhé upravné vydání. Ekopress, 2018

recommended literature
• Zima Petr, Oceňování podniků v právní praxi, nakladatelství C.H.Beck, 2016, 272 s. ISBN: 978-80-74006-23-4
• Krabec Tomáš, Oceňování podniku a standardy hodnoty, Grada Publishing, 2009, 264 s., ISBN: 978-247-2865-0
• Hrdý Milan, Oceňování finančních institucí, Praktické postupy a příklady, Grada Publishing, 2005
• Kislingerová Eva, Oceňování podniku, 2. přepracované a doplněné vydání, nakladatelství C.H. Beck, 2001

Teaching methods

For daily study - lectures, where students are introduced to the theoretical procedures of valuation, at seminars held presentation of seminar work students at a particular company valuation using income approach. Lectures an seminars in full-time study - participation is 75%. For distační Study - guided consultations with 75% participation.

Assessment methods

Credit - seminar work on the valuation of a particular enterprise by income approach, including its presentation. Credit is a summary of activities of students in lectures and exercises and resulting essay. Examination is writing - processing exam test. For distační Study - examination is writing - processing exam test.

Language of instruction

Czech

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.

N_OP Business Evaluation

Extent and Intensity

0/2/0. 3 credit(s). Type of Completion: z (credit).

Teacher(s)

Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)

Guaranteed by

Ing. Jana Kotěšovcová, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Ivana Plačková

Timetable of Seminar Groups

N_OP/cEKPH: each odd Monday 10:30–11:14 S26, each odd Monday 11:15–12:00 S26, each odd Monday 12:15–12:59 S26, each odd Monday 13:00–13:45 S26, except Mon 27. 3. ; and Mon 3. 4. 14:00–15:30 S26, 15:45–17:15 S26, J. Kotěšovcová
N_OP/vEKKV: Fri 10. 2. 14:00–15:30 KV202, 15:45–17:15 KV202, Fri 24. 2. 14:00–15:30 KV202, 15:45–17:15 KV202, Fri 10. 3. 14:00–15:30 KV202, 15:45–17:15 KV202, J. Kotěšovcová
N_OP/vEKPH: Fri 3. 2. 14:00–15:30 E230, 15:45–17:15 E230, Fri 17. 2. 17:30–19:00 S11, 19:15–20:45 S11, Fri 17. 3. 14:00–15:30 S11, 15:45–17:15 S11, J. Kotěšovcová

Prerequisites

There are no prerequisites for this course.

Course Enrolment Limitations

The course is offered to students of any study field.

Course objectives

Student after completing the course of business valuation can understand the concepts of business valuation, to distinguish the concepts of value and price. Will know the layout of the valuation methods, and basic business valuation. Students will understand the importance of the strategic analysis of award winning company, its financial health and can navrnout procedure for preparing the financial plan, the award-winning company. Can specify and quantify risk, find the risk-free rate of return, WACC - average cost of capital, the beta coefficient, the CAPM method to identify the risk premium from the capital market and analysis of risk factors. Students will be able to define and construct corresponding to different types of income-earning methods (free cash flow, EVA, capitalized net income).

Learning outcomes

Ability to calculate company value and ability to make fundamental analysis of stock (shares) of company.

Syllabus

• 1) Definition of business valuation.
• 2) Overview of categories and valuation methods.
• 3) Strategic analysis of the company being valued.
• 4) Evaluation of the financial health of the company.
• 5) The estimate of future market potential for the company.
• 6) financial plan.
• 7) The concept and classes of risk, methods of determining risk premiums, weighted cost of capital.
• 8) Construction of free cash flow, EVA, capitalized net returns.
• 9) Separation of the non-operating assets and correction profit.
• 10) Methods based on analysis of property /property methods/.
• 11) Methods based on analysis of market /market valuation methods/.
• 12) Final valuation, final statement and the synergy effect.

Literature

required literature
• Mařík Miloš, Metody oceňování podniku: proces ocenění - základní metody a postupy, čtvrté aktualizované a doplněné vydání, Ekopress, Praha, 2018, 550 s.ISBN: 978-80-87865-38-5
• Mařík Miloš a kolektiv. Metody oceňování podniku pro pokročilé, Hlubší pohled na vybrané problémy, druhé upravné vydání. Ekopress, 2018

recommended literature
• Zima Petr, Oceňování podniků v právní praxi, nakladatelství C.H.Beck, 2016, 272 s. ISBN: 978-80-74006-23-4
• Krabec Tomáš, Oceňování podniku a standardy hodnoty, Grada Publishing, 2009, 264 s., ISBN: 978-247-2865-0
• Hrdý Milan, Oceňování finančních institucí, Praktické postupy a příklady, Grada Publishing, 2005
• Kislingerová Eva, Oceňování podniku, 2. přepracované a doplněné vydání, nakladatelství C.H. Beck, 2001

Teaching methods

For daily study - lectures, where students are introduced to the theoretical procedures of valuation, at seminars held presentation of seminar work students at a particular company valuation using income approach. Lectures an seminars in full-time study - participation is 75%. For distační Study - guided consultations with 75% participation.

Assessment methods

Credit - seminar work on the valuation of a particular enterprise by income approach, including its presentation. Credit is a summary of activities of students in lectures and exercises and resulting essay. Examination is writing - processing exam test. For distační Study - examination is writing - processing exam test.

Language of instruction

Czech

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.

N_OP Business Evaluation

Extent and Intensity

0/2/0. 3 credit(s). Type of Completion: z (credit).

Teacher(s)

Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)

Guaranteed by

Ing. Jana Kotěšovcová, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Dita Egertová

Timetable of Seminar Groups

N_OP/cEKPH: each odd Tuesday 12:15–12:59 S34, each odd Tuesday 13:00–13:45 S34, each odd Tuesday 14:00–14:44 S34, each odd Tuesday 14:45–15:30 S34, J. Kotěšovcová
N_OP/vEK1PH: Fri 4. 3. 14:00–15:30 S35, 15:45–17:15 S35, Fri 1. 4. 14:00–15:30 S35, 15:45–17:15 S35, Fri 22. 4. 14:00–15:30 S35, 15:45–17:15 S35, J. Kotěšovcová
N_OP/vEK2PH: Fri 18. 2. 14:00–15:30 S33, 15:45–17:15 S33, Sat 5. 3. 14:00–15:30 E230, 15:45–17:15 E230, Sat 2. 4. 14:00–15:30 E230, 15:45–17:15 E230, J. Kotěšovcová

Prerequisites

There are no prerequisites for this course.

Course Enrolment Limitations

The course is offered to students of any study field.

Course objectives

Student after completing the course of business valuation can understand the concepts of business valuation, to distinguish the concepts of value and price. Will know the layout of the valuation methods, and basic business valuation. Students will understand the importance of the strategic analysis of award winning company, its financial health and can navrnout procedure for preparing the financial plan, the award-winning company. Can specify and quantify risk, find the risk-free rate of return, WACC - average cost of capital, the beta coefficient, the CAPM method to identify the risk premium from the capital market and analysis of risk factors. Students will be able to define and construct corresponding to different types of income-earning methods (free cash flow, EVA, capitalized net income).

Learning outcomes

Ability to calculate company value and ability to make fundamental analysis of stock (shares) of company.

Syllabus

• 1) Definition of business valuation.
• 2) Overview of categories and valuation methods.
• 3) Strategic analysis of the company being valued.
• 4) Evaluation of the financial health of the company.
• 5) The estimate of future market potential for the company.
• 6) financial plan.
• 7) The concept and classes of risk, methods of determining risk premiums, weighted cost of capital.
• 8) Construction of free cash flow, EVA, capitalized net returns.
• 9) Separation of the non-operating assets and correction profit.
• 10) Methods based on analysis of property /property methods/.
• 11) Methods based on analysis of market /market valuation methods/.
• 12) Final valuation, final statement and the synergy effect.

Literature

required literature
• Mařík Miloš, Metody oceňování podniku: proces ocenění - základní metody a postupy, čtvrté aktualizované a doplněné vydání, Ekopress, Praha, 2018, 550 s.ISBN: 978-80-87865-38-5
• Mařík M., Maříková P., Metody oceňování podniku pro pokročilé, Hlubší pohled na vybrané problémy, Ekopress, 2011, 548 s. ISNB: 978-80-86929-80-4

recommended literature
• Zima Petr, Oceňování podniků v právní praxi, nakladatelství C.H.Beck, 2016, 272 s. ISBN: 978-80-74006-23-4
• Krabec Tomáš, Oceňování podniku a standardy hodnoty, Grada Publishing, 2009, 264 s., ISBN: 978-247-2865-0
• Hrdý Milan, Oceňování finančních institucí, Praktické postupy a příklady, Grada Publishing, 2005
• Kislingerová Eva, Oceňování podniku, 2. přepracované a doplněné vydání, nakladatelství C.H. Beck, 2001

Teaching methods

For daily study - lectures, where students are introduced to the theoretical procedures of valuation, at seminars held presentation of seminar work students at a particular company valuation using income approach. Lectures an seminars in full-time study - participation is 75%. For distační Study - guided consultations with 75% participation.

Assessment methods

Credit - seminar work on the valuation of a particular enterprise by income approach, including its presentation. Credit is a summary of activities of students in lectures and exercises and resulting essay. Examination is writing - processing exam test. For distační Study - examination is writing - processing exam test.

Language of instruction

Czech

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.

N_OP Business Evaluation

Extent and Intensity

0/2/0. 3 credit(s). Type of Completion: z (credit).

Teacher(s)

Ing. Jana Kotěšovcová, Ph.D. (lecturer)

Guaranteed by

Ing. Jana Kotěšovcová, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Lenka Pokorná

Timetable of Seminar Groups

N_OP/cEKPH: each odd Tuesday 14:00–14:44 S11, each odd Tuesday 14:45–15:30 S11, J. Kotěšovcová
N_OP/cFPH: Tue 10:30–11:14 S14, Tue 11:15–12:00 S14, J. Kotěšovcová
N_OP/pEKPH: each even Tuesday 14:00–14:44 S11, each even Tuesday 14:45–15:30 S11, J. Kotěšovcová
N_OP/vEKKV: Fri 12. 2. 14:00–15:30 E129, 15:45–17:15 E129, Fri 26. 2. 14:00–15:30 E128, 15:45–17:15 E128, Fri 12. 3. 14:00–15:30 KV206, 15:45–17:15 KV206, J. Kotěšovcová
N_OP/vEKPH: Fri 5. 2. 14:00–15:30 E127, 15:45–17:15 E127, Fri 5. 3. 14:00–15:30 E128, 15:45–17:15 E128, Fri 9. 4. 14:00–15:30 E127, 15:45–17:15 E127, J. Kotěšovcová

Prerequisites

There are no prerequisites for this course.

Course Enrolment Limitations

The course is offered to students of any study field.

Course objectives

Student after completing the course of business valuation can understand the concepts of business valuation, to distinguish the concepts of value and price. Will know the layout of the valuation methods, and basic business valuation. Students will understand the importance of the strategic analysis of award winning company, its financial health and can navrnout procedure for preparing the financial plan, the award-winning company. Can specify and quantify risk, find the risk-free rate of return, WACC - average cost of capital, the beta coefficient, the CAPM method to identify the risk premium from the capital market and analysis of risk factors. Students will be able to define and construct corresponding to different types of income-earning methods (free cash flow, EVA, capitalized net income).

Learning outcomes

Ability to calculate company value and ability to make fundamental analysis of stock (shares) of company.

Syllabus

• 1) Definition of business valuation.
• 2) Overview of categories and valuation methods.
• 3) Strategic analysis of the company being valued.
• 4) Evaluation of the financial health of the company.
• 5) The estimate of future market potential for the company.
• 6) financial plan.
• 7) The concept and classes of risk, methods of determining risk premiums, weighted cost of capital.
• 8) Construction of free cash flow, EVA, capitalized net returns.
• 9) Separation of the non-operating assets and correction profit.
• 10) Methods based on analysis of property /property methods/.
• 11) Methods based on analysis of market /market valuation methods/.
• 12) Final valuation, final statement and the synergy effect.

Literature

required literature
• Mařík Miloš, Metody oceňování podniku: proces ocenění - základní metody a postupy, Ekopress, Praha, 2011, 494 s. ISBN: 978-808-6929-675
• Mařík M., Maříková P., Metody oceňování podniku pro pokročilé, Ekopress, 2011, 548 s. ISNB: 978-80-86929-80-4

recommended literature
• Krabec T., Oceňování podniku a standardy hodnoty, Grada, 2009, 180 s., ISBN: 978-247-2865-0

Teaching methods

For daily study - lectures, where students are introduced to the theoretical procedures of valuation, at seminars held presentation of seminar work students at a particular company valuation using income approach. Lectures an seminars in full-time study - participation is 75%. For distační Study - guided consultations with 75% participation.

Assessment methods

Credit - seminar work on the valuation of a particular enterprise by income approach, including its presentation. Credit is a summary of activities of students in lectures and exercises and resulting essay. Examination is writing - processing exam test. For distační Study - examination is writing - processing exam test.

Language of instruction

Czech

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.

N_OP Business Evaluation

Extent and Intensity

0/2/0. 3 credit(s). Type of Completion: z (credit).

Teacher(s)

Ing. Jana Kotěšovcová, Ph.D. (lecturer)
doc. Ing. Jaroslav Brada, Ph.D. (seminar tutor)

Guaranteed by

doc. Ing. Jaroslav Brada, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Lenka Pokorná

Timetable of Seminar Groups

N_OP/vFPH: Fri 14. 2. 14:00–15:30 S26, 15:45–17:15 S26, Fri 13. 3. 14:00–15:30 S26, 15:45–17:15 S26, Sat 28. 3. 9:45–11:15 S26, 11:30–13:00 S26, J. Brada

Prerequisites

There are no prerequisites for this course.

Course Enrolment Limitations

The course is offered to students of any study field.

Course objectives

Student after completing the course of business valuation can understand the concepts of business valuation, to distinguish the concepts of value and price. Will know the layout of the valuation methods, and basic business valuation. Students will understand the importance of the strategic analysis of award winning company, its financial health and can navrnout procedure for preparing the financial plan, the award-winning company. Can specify and quantify risk, find the risk-free rate of return, WACC - average cost of capital, the beta coefficient, the CAPM method to identify the risk premium from the capital market and analysis of risk factors. Students will be able to define and construct corresponding to different types of income-earning methods (free cash flow, EVA, capitalized net income).

Learning outcomes

Ability to calculate company value and ability to make fundamental analysis of stock (shares) of company.

Syllabus

• 1) Definition of business valuation.
• 2) Overview of categories and valuation methods.
• 3) Strategic analysis of the company being valued.
• 4) Evaluation of the financial health of the company.
• 5) The estimate of future market potential for the company.
• 6) financial plan.
• 7) The concept and classes of risk, methods of determining risk premiums, weighted cost of capital.
• 8) Construction of free cash flow, EVA, capitalized net returns.
• 9) Separation of the non-operating assets and correction profit.
• 10) Methods based on analysis of property /property methods/.
• 11) Methods based on analysis of market /market valuation methods/.
• 12) Final valuation, final statement and the synergy effect.

Literature

required literature
• Mařík Miloš, Metody oceňování podniku: proces ocenění - základní metody a postupy, Ekopress, Praha, 2011, 494 s. ISBN: 978-808-6929-675
• Mařík M., Maříková P., Metody oceňování podniku pro pokročilé, Ekopress, 2011, 548 s. ISNB: 978-80-86929-80-4

recommended literature
• Krabec T., Oceňování podniku a standardy hodnoty, Grada, 2009, 180 s., ISBN: 978-247-2865-0

Teaching methods

For daily study - lectures, where students are introduced to the theoretical procedures of valuation, at seminars held presentation of seminar work students at a particular company valuation using income approach. Lectures an seminars in full-time study - participation is 75%. For distační Study - guided consultations with 75% participation.

Assessment methods

Credit - seminar work on the valuation of a particular enterprise by income approach, including its presentation. Credit is a summary of activities of students in lectures and exercises and resulting essay. Examination is writing - processing exam test. For distační Study - examination is writing - processing exam test.

Language of instruction

Czech

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.

N_OP Business Evaluation

Extent and Intensity

2/1/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Jaroslav Brada, Ph.D. (seminar tutor)
Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)

Guaranteed by

doc. Ing. Jaroslav Brada, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Lenka Pokorná

Timetable of Seminar Groups

N_OP/cR1PH: each even Wednesday 17:30–18:14 S34, each even Wednesday 18:15–19:00 S34, J. Kotěšovcová
N_OP/cR2PH: each even Wednesday 15:45–16:29 S13, each even Wednesday 16:30–17:15 S13, J. Kotěšovcová
N_OP/pRPH: Wed 14:00–14:44 S26, Wed 14:45–15:30 S26, except Wed 13. 3. ; and Mon 15. 4. 12:15–13:45 S26, J. Brada
N_OP/vRMO: Fri 8. 2. 14:00–15:30 M25, 15:45–17:15 M25, Fri 22. 2. 14:00–15:30 M25, 15:45–17:15 M25, Fri 8. 3. 14:00–15:30 M25, J. Kotěšovcová
N_OP/vR2PH: Fri 22. 2. 17:30–19:00 S11, Fri 8. 3. 15:45–17:15 S11, 17:30–19:00 S11, Fri 22. 3. 14:00–15:30 S11, 15:45–17:15 S11, J. Brada
N_OP/vR3PH: Fri 8. 2. 14:00–15:30 S13, 15:45–17:15 S13, Fri 8. 3. 14:00–15:30 S13, Sat 23. 3. 9:45–11:15 S13, 11:30–13:00 S13, J. Brada

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

• Business Management and Corporate Finance (programme VSFS, N-EKM) (2)

Course objectives

Student after completing the course of business valuation can understand the concepts of business valuation, to distinguish the concepts of value and price. Will know the layout of the valuation methods, and basic business valuation. Students will understand the importance of the strategic analysis of award winning company, its financial health and can navrnout procedure for preparing the financial plan, the award-winning company. Can specify and quantify risk, find the risk-free rate of return, WACC - average cost of capital, the beta coefficient, the CAPM method to identify the risk premium from the capital market and analysis of risk factors. Students will be able to define and construct corresponding to different types of income-earning methods (free cash flow, EVA, capitalized net income).

Learning outcomes

Ability to calculate company value and ability to make fundamental analysis of stock (shares) of company.

Syllabus

• 1) Definition of business valuation.
• 2) Overview of categories and valuation methods.
• 3) Strategic analysis of the company being valued.
• 4) Evaluation of the financial health of the company.
• 5) The estimate of future market potential for the company.
• 6) financial plan.
• 7) The concept and classes of risk, methods of determining risk premiums, weighted cost of capital.
• 8) Construction of free cash flow, EVA, capitalized net returns.
• 9) Separation of the non-operating assets and correction profit.
• 10) Methods based on analysis of property /property methods/.
• 11) Methods based on analysis of market /market valuation methods/.
• 12) Final valuation, final statement and the synergy effect.

Literature

required literature
• Mařík Miloš, Metody oceňování podniku: proces ocenění - základní metody a postupy, Ekopress, Praha, 2011, 494 s. ISBN: 978-808-6929-675
• Mařík M., Maříková P., Metody oceňování podniku pro pokročilé, Ekopress, 2011, 548 s. ISNB: 978-80-86929-80-4

recommended literature
• Krabec T., Oceňování podniku a standardy hodnoty, Grada, 2009, 180 s., ISBN: 978-247-2865-0

Teaching methods

For daily study - lectures, where students are introduced to the theoretical procedures of valuation, at seminars held presentation of seminar work students at a particular company valuation using income approach. Lectures an seminars in full-time study - participation is 75%. For distační Study - guided consultations with 75% participation.

Assessment methods

Credit - seminar work on the valuation of a particular enterprise by income approach, including its presentation.Final written exam. The final mark is a summary of activities of students in lectures and exercises and resulting essay. Examination is writing - processing exam test. For distační Study - examination is writing - processing exam test.

Language of instruction

Czech

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: 10 hodin KS/semestr.

N_OP Business Evaluation

Extent and Intensity

2/1/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Jaroslav Brada, Ph.D. (seminar tutor)
Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)

Guaranteed by

doc. Ing. Jaroslav Brada, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Lenka Pokorná

Timetable of Seminar Groups

N_OP/cR1PH: each odd Monday 15:45–16:29 S14, each odd Monday 16:30–17:15 S14, J. Kotěšovcová
N_OP/cR2PH: each odd Monday 14:00–14:44 S13, each odd Monday 14:45–15:30 S13, J. Kotěšovcová
N_OP/pRPH: Mon 12:15–12:59 S32, Mon 13:00–13:45 S32, J. Brada
N_OP/uRPH: Tue 13. 2. 17:30–19:00 S13, 19:15–20:45 S13, Tue 20. 2. 15:45–17:15 S13, 17:30–19:00 S13, Tue 27. 2. 17:30–19:00 S13, J. Brada
N_OP/vRMO: Fri 9. 2. 14:00–15:30 M26, 15:45–17:15 M26, Fri 23. 2. 14:00–15:30 M26, 15:45–17:15 M26, Sat 10. 3. 14:00–15:30 M15, J. Kotěšovcová
N_OP/vRPH: Sat 24. 2. 9:45–11:15 S13, 11:30–13:00 S13, Fri 9. 3. 15:45–17:15 S11, 17:30–19:00 S11, Fri 23. 3. 14:00–15:30 S24, J. Brada

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

• Business Management and Corporate Finance (programme VSFS, N-EKM) (2)

Course objectives

Student after completing the course of business valuation can understand the concepts of business valuation, to distinguish the concepts of value and price. Will know the layout of the valuation methods, and basic business valuation. Students will understand the importance of the strategic analysis of award winning company, its financial health and can navrnout procedure for preparing the financial plan, the award-winning company. Can specify and quantify risk, find the risk-free rate of return, WACC - average cost of capital, the beta coefficient, the CAPM method to identify the risk premium from the capital market and analysis of risk factors. Students will be able to define and construct corresponding to different types of income-earning methods (free cash flow, EVA, capitalized net income).

Syllabus

• 1) Definition of business valuation.
• 2) Overview of categories and valuation methods.
• 3) Strategic analysis of the company being valued.
• 4) Evaluation of the financial health of the company.
• 5) The estimate of future market potential for the company.
• 6) financial plan.
• 7) The concept and classes of risk, methods of determining risk premiums, weighted cost of capital.
• 8) Construction of free cash flow, EVA, capitalized net returns.
• 9) Separation of the non-operating assets and correction profit.
• 10) Methods based on analysis of property /property methods/.
• 11) Methods based on analysis of market /market valuation methods/.
• 12) Final valuation, final statement and the synergy effect.

Literature

required literature
• Mařík Miloš, Metody oceňování podniku: proces ocenění - základní metody a postupy, Ekopress, Praha, 2011, 494 s. ISBN: 978-808-6929-675
• Mařík M., Maříková P., Metody oceňování podniku pro pokročilé, Ekopress, 2011, 548 s. ISNB: 978-80-86929-80-4

recommended literature
• Krabec T., Oceňování podniku a standardy hodnoty, Grada, 2009, 180 s., ISBN: 978-247-2865-0

Teaching methods

For daily study - lectures, where students are introduced to the theoretical procedures of valuation, at seminars held presentation of seminar work students at a particular company valuation using income approach. Lectures an seminars in full-time study - participation is 75%. For distační Study - guided consultations with 75% participation.

Assessment methods

Credit - seminar work on the valuation of a particular enterprise by income approach, including its presentation.Final written exam. The final mark is a summary of activities of students in lectures and exercises and resulting essay. Examination is writing - processing exam test. For distační Study - examination is writing - processing exam test.

Language of instruction

Czech

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: 10 hodin KS/semestr.

N_OP Business Evaluation

Extent and Intensity

2/1/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Jaroslav Brada, Ph.D. (seminar tutor)
Ing. Viktor Hrdina, MBA (seminar tutor)
Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)
Ing. Jaroslav Veselka, DiS. (seminar tutor)

Guaranteed by

doc. Ing. Jaroslav Brada, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Lenka Pokorná

Timetable of Seminar Groups

N_OP/cRMO: each even Tuesday 14:00–14:44 M26, each even Tuesday 14:45–15:30 M26, except Tue 18. 4. ; and Mon 24. 4. 15:45–17:15 M22, J. Kotěšovcová
N_OP/cR1PH: each odd Tuesday 14:00–14:44 S14, each odd Tuesday 14:45–15:30 S14, J. Kotěšovcová
N_OP/cR2PH: each odd Monday 12:15–12:59 S24, each odd Monday 13:00–13:45 S24, J. Veselka
N_OP/pRMO: each even Tuesday 10:30–11:14 M26, each even Tuesday 11:15–12:00 M26, each even Tuesday 12:15–12:59 M26, each even Tuesday 13:00–13:45 M26, except Tue 18. 4. ; and Mon 24. 4. 12:15–15:30 M22, J. Kotěšovcová
N_OP/pRPH: each even Wednesday 10:30–11:14 S32, each even Wednesday 11:15–12:00 S32, each even Wednesday 12:15–12:59 S32, each even Wednesday 13:00–13:45 S32, J. Brada
N_OP/uRPH: Tue 7. 3. 17:30–19:00 S01, 19:15–20:45 S01, Tue 14. 3. 17:30–19:00 S01, 19:15–20:45 S01, Tue 21. 3. 17:30–19:00 S01, J. Veselka
N_OP/vRMO: Fri 10. 2. 17:30–19:00 M21, 19:15–20:45 M21, Fri 24. 2. 17:30–19:00 M21, Sat 11. 3. 8:00–9:30 M21, 9:45–11:15 M21, V. Hrdina
N_OP/vR1PH: Fri 10. 2. 17:30–19:00 S24, Fri 24. 2. 15:45–17:15 S33, 17:30–19:00 S33, Fri 24. 3. 17:30–19:00 S35, 19:15–20:45 S35, J. Veselka
N_OP/vR2PH: Fri 10. 2. 15:45–17:15 S33, 17:30–19:00 S33, Sat 11. 3. 8:00–9:30 S23, 9:45–11:15 S23, Fri 24. 3. 17:30–19:00 S33, J. Kotěšovcová

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

• Business Management and Corporate Finance (programme VSFS, N-EKM) (2)

Course objectives

Student after completing the course of business valuation can understand the concepts of business valuation, to distinguish the concepts of value and price. Will know the layout of the valuation methods, and basic business valuation. Students will understand the importance of the strategic analysis of award winning company, its financial health and can navrnout procedure for preparing the financial plan, the award-winning company. Can specify and quantify risk, find the risk-free rate of return, WACC - average cost of capital, the beta coefficient, the CAPM method to identify the risk premium from the capital market and analysis of risk factors. Students will be able to define and construct corresponding to different types of income-earning methods (free cash flow, EVA, capitalized net income).

Syllabus

• 1) Definition of business valuation.
• 2) Overview of categories and valuation methods.
• 3) Strategic analysis of the company being valued.
• 4) Evaluation of the financial health of the company.
• 5) The estimate of future market potential for the company.
• 6) financial plan.
• 7) The concept and classes of risk, methods of determining risk premiums, weighted cost of capital.
• 8) Construction of free cash flow, EVA, capitalized net returns.
• 9) Separation of the non-operating assets and correction profit.
• 10) Methods based on analysis of property /property methods/.
• 11) Methods based on analysis of market /market valuation methods/.
• 12) Final valuation, final statement and the synergy effect.

Literature

required literature
• Mařík Miloš, Metody oceňování podniku: proces ocenění - základní metody a postupy, Ekopress, Praha, 2011, 494 s. ISBN: 978-808-6929-675
• Mařík M., Maříková P., Metody oceňování podniku pro pokročilé, Ekopress, 2011, 548 s. ISNB: 978-80-86929-80-4

recommended literature
• Krabec T., Oceňování podniku a standardy hodnoty, Grada, 2009, 180 s., ISBN: 978-247-2865-0

Teaching methods

For daily study - lectures, where students are introduced to the theoretical procedures of valuation, at seminars held presentation of seminar work students at a particular company valuation using income approach. Lectures an seminars in full-time study - participation is 75%. For distační Study - guided consultations with 75% participation.

Assessment methods

Credit - seminar work on the valuation of a particular enterprise by income approach, including its presentation.Final written exam. The final mark is a summary of activities of students in lectures and exercises and resulting essay. Examination is writing - processing exam test. For distační Study - examination is writing - processing exam test.

Language of instruction

Czech

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: 10 hodin KS/semestr.

N_OP Business Evaluation

Extent and Intensity

2/1. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Jaroslav Brada, Ph.D. (seminar tutor)
Ing. Viktor Hrdina, MBA (seminar tutor)
Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)
Ing. Jaroslav Veselka, DiS. (seminar tutor)

Guaranteed by

doc. Ing. Jaroslav Brada, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Edita Jerie, DiS.

Timetable of Seminar Groups

N_OP/cRMO: each odd Monday 17:30–18:14 M26, each odd Monday 18:15–19:00 M26, V. Hrdina
N_OP/cR1PH: each even Tuesday 14:00–14:44 S36, each even Tuesday 14:45–15:30 S36, J. Kotěšovcová
N_OP/cR2PH: each even Wednesday 12:15–12:59 S13, each even Wednesday 13:00–13:45 S13, J. Kotěšovcová
N_OP/pRMO: Mon 15:45–16:29 M26, Mon 16:30–17:15 M26, V. Hrdina
N_OP/pRPH: Wed 8:45–9:29 S32, Wed 9:30–10:15 S32, except Wed 23. 3. ; and Wed 30. 3. 14:00–15:30 S32, J. Brada
N_OP/uRPH: Tue 16. 2. 15:45–17:15 S23, Tue 1. 3. 15:45–17:15 S23, Tue 8. 3. 15:45–17:15 S35, 17:30–19:00 S35, Tue 15. 3. 15:45–17:15 S23, J. Kotěšovcová
N_OP/vRMO: Fri 11. 3. 13:45–15:15 M17, 15:30–17:00 M17, Fri 8. 4. 15:30–17:00 M17, Fri 22. 4. 13:45–15:15 M17, 15:30–17:00 M17, V. Hrdina
N_OP/vRPH: Sat 13. 2. 9:45–11:15 S01, 11:30–13:00 S01, Sat 27. 2. 9:45–11:15 S01, 11:30–13:00 S01, Fri 11. 3. 19:00–20:30 S01, J. Veselka

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

• Business Management and Corporate Finance (programme VSFS, N-EKM) (2)

Course objectives

Student after completing the course of business valuation can understand the concepts of business valuation, to distinguish the concepts of value and price. Will know the layout of the valuation methods, and basic business valuation. Students will understand the importance of the strategic analysis of award winning company, its financial health and can navrnout procedure for preparing the financial plan, the award-winning company. Can specify and quantify risk, find the risk-free rate of return, WACC - average cost of capital, the beta coefficient, the CAPM method to identify the risk premium from the capital market and analysis of risk factors. Students will be able to define and construct corresponding to different types of income-earning methods (free cash flow, EVA, capitalized net income).

Syllabus

• 1) Definition of business valuation.
• 2) Overview of categories and valuation methods.
• 3) Strategic analysis of the company being valued.
• 4) Evaluation of the financial health of the company.
• 5) The estimate of future market potential for the company.
• 6) financial plan.
• 7) The concept and classes of risk, methods of determining risk premiums, weighted cost of capital.
• 8) Construction of free cash flow, EVA, capitalized net returns.
• 9) Separation of the non-operating assets and correction profit.
• 10) Methods based on analysis of property /property methods/.
• 11) Methods based on analysis of market /market valuation methods/.
• 12) Final valuation, final statement and the synergy effect.

Literature

required literature
• Mařík Miloš, Metody oceňování podniku: proces ocenění - základní metody a postupy, Ekopress, Praha, 2011, 494 s. ISBN: 978-808-6929-675
• Mařík M., Maříková P., Metody oceňování podniku pro pokročilé, Ekopress, 2011, 548 s. ISNB: 978-80-86929-80-4

recommended literature
• Krabec T., Oceňování podniku a standardy hodnoty, Grada, 2009, 180 s., ISBN: 978-247-2865-0

Teaching methods

For daily study - lectures, where students are introduced to the theoretical procedures of valuation, at seminars held presentation of seminar work students at a particular company valuation using income approach. Lectures an seminars in full-time study - participation is 75%. For distační Study - guided consultations with 75% participation.

Assessment methods

Seminar work on the valuation of a particular enterprise by income approach, including its presentation. The final mark is a summary of activities of students in lectures and exercises and resulting essay. Examination is writing - processing exam test. For distační Study - examination is writing - processing exam test.

Language of instruction

Czech

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: 10 hodin KS/semestr.

N_OP Business Evaluation

Extent and Intensity

2/1. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Jaroslav Brada, Ph.D. (seminar tutor)
Ing. Viktor Hrdina, MBA (seminar tutor)
doc. Ing. Irena Jindřichovská, CSc. (seminar tutor)
Ing. Šárka Kocmanová, Ph.D. (seminar tutor)
Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)
Ing. Mgr. Jaromír Tichý, Ph.D., MBA (seminar tutor)

Guaranteed by

doc. Ing. Jaroslav Brada, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Edita Jerie, DiS.

Timetable of Seminar Groups

N_OP/cRMO: each even Tuesday 17:30–18:14 M26, each even Tuesday 18:15–19:00 M26, V. Hrdina
N_OP/cR1PH: each even Tuesday 17:30–18:14 S24, each even Tuesday 18:15–19:00 S24, Š. Kocmanová
N_OP/cR2PH: each odd Thursday 15:45–16:29 S11, each odd Thursday 16:30–17:15 S11, J. Kotěšovcová
N_OP/cR3PH: each odd Thursday 14:00–14:44 S11, each odd Thursday 14:45–15:30 S11, J. Kotěšovcová
N_OP/pRMO: Tue 15:45–16:29 M26, Tue 16:30–17:15 M26, V. Hrdina
N_OP/pRPH: each odd Thursday 12:15–12:59 S01, each odd Thursday 13:00–13:45 S01 and each even Thursday 8:45–9:29 S01, each even Thursday 9:30–10:15 S01, J. Brada
N_OP/uRPH: Tue 10. 2. 15:45–17:15 S11, Tue 24. 2. 15:45–17:15 S11, Tue 3. 3. 15:45–17:15 S11, 17:30–19:00 S11, Tue 10. 3. 15:45–17:15 S11, J. Brada
N_OP/vRKL: Fri 27. 2. 15:30–17:00 K203, Fri 6. 3. 13:45–15:15 K203, 15:30–17:00 K203, Fri 13. 3. 13:45–15:15 K203, 15:30–17:00 K203, J. Kotěšovcová
N_OP/vRMO: Sat 14. 2. 8:00–9:30 M26, 9:45–11:15 M26, Fri 27. 2. 15:30–17:00 M25, Sat 14. 3. 8:00–9:30 M26, 9:45–11:15 M26, V. Hrdina
N_OP/vR2PH: Fri 6. 3. 15:30–17:00 S26, 17:15–18:45 S26, Fri 20. 3. 17:15–18:45 S23, Sat 21. 3. 9:45–11:15 S23, 11:30–13:00 S23, Š. Kocmanová
N_OP/vR3PH: Sat 21. 3. 14:00–15:30 S26, 15:45–17:15 S26, Fri 3. 4. 17:15–18:45 S26, Fri 17. 4. 15:30–17:00 S26, 17:15–18:45 S26, Š. Kocmanová

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

• Business Management and Corporate Finance (programme VSFS, N-EKM) (2)

Course objectives

Student after completing the course of business valuation can understand the concepts of business valuation, to distinguish the concepts of value and price. Will know the layout of the valuation methods, and basic business valuation. Students will understand the importance of the strategic analysis of award winning company, its financial health and can navrnout procedure for preparing the financial plan, the award-winning company. Can specify and quantify risk, find the risk-free rate of return, WACC - average cost of capital, the beta coefficient, the CAPM method to identify the risk premium from the capital market and analysis of risk factors. Students will be able to define and construct corresponding to different types of income-earning methods (free cash flow, EVA, capitalized net income).

Syllabus

• 1) Definition of business valuation.
• 2) Overview of categories and valuation methods.
• 3) Strategic analysis of the company being valued.
• 4) Evaluation of the financial health of the company.
• 5) The estimate of future market potential for the company.
• 6) financial plan.
• 7) The concept and classes of risk, methods of determining risk premiums, weighted cost of capital.
• 8) Construction of free cash flow, EVA, capitalized net returns.
• 9) Separation of the non-operating assets and correction profit.
• 10) Methods based on analysis of property /property methods/.
• 11) Methods based on analysis of market /market valuation methods/.
• 12) Final valuation, final statement and the synergy effect.

Literature

required literature
• Mařík Miloš, Metody oceňování podniku: proces ocenění - základní metody a postupy, Ekopress, Praha, 2011, 494 s. ISBN: 978-808-6929-675
• Mařík M., Maříková P., Metody oceňování podniku pro pokročilé, Ekopress, 2011, 548 s. ISNB: 978-80-86929-80-4

recommended literature
• Krabec T., Oceňování podniku a standardy hodnoty, Grada, 2009, 180 s., ISBN: 978-247-2865-0

Teaching methods

For daily study - lectures, where students are introduced to the theoretical procedures of valuation, at seminars held presentation of seminar work students at a particular company valuation using income approach. Lectures an seminars in full-time study - participation is 75%. For distační Study - guided consultations with 75% participation.

Assessment methods

Seminar work on the valuation of a particular enterprise by income approach, including its presentation. The final mark is a summary of activities of students in lectures and exercises and resulting essay. Examination is writing - processing exam test. For distační Study - examination is writing - processing exam test.

Language of instruction

Czech

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: 10 hodin KS/semestr.

N_OP Business Evaluation

Extent and Intensity

2/1. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Jaroslav Brada, Ph.D. (seminar tutor)
Ing. Viktor Hrdina, MBA (seminar tutor)
doc. Ing. Irena Jindřichovská, CSc. (seminar tutor)
Ing. Šárka Kocmanová, Ph.D. (seminar tutor)
Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)
Ing. Mgr. Jaromír Tichý, Ph.D., MBA (seminar tutor)

Guaranteed by

doc. Ing. Jaroslav Brada, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Edita Jerie, DiS.

Timetable of Seminar Groups

N_OP/cRMO: each odd Wednesday 17:30–18:14 M17, each odd Wednesday 18:15–19:00 M17, V. Hrdina
N_OP/cR1PH: each odd Tuesday 14:00–14:44 S24, each odd Tuesday 14:45–15:30 S24, J. Kotěšovcová
N_OP/cR2PH: each odd Tuesday 17:30–18:14 S21, each odd Tuesday 18:15–19:00 S21, Š. Kocmanová
N_OP/cR3PH: each odd Tuesday 15:45–16:29 S13, each odd Tuesday 16:30–17:15 S13, J. Kotěšovcová
N_OP/pRMO: Wed 15:45–16:29 M17, Wed 16:30–17:15 M17, V. Hrdina
N_OP/pRPH: Wed 14:00–14:44 S01, Wed 14:45–15:30 S01, J. Brada
N_OP/uR1aPH: Tue 25. 2. 15:45–17:15 S23, 17:30–19:00 S23, Tue 4. 3. 15:45–17:15 S23, Tue 18. 3. 14:00–15:30 S23, 15:45–17:15 S23, J. Brada
N_OP/uR1bPH: Tue 18. 2. 17:30–19:00 S24, 19:15–20:45 S24, Tue 4. 3. 17:30–19:00 S24, 19:15–20:45 S24, Tue 18. 3. 17:30–19:00 S24, Š. Kocmanová
N_OP/vRKL: Fri 14. 2. 17:15–18:45 K211, Fri 21. 2. 13:45–15:15 K211, 15:30–17:00 K211, Fri 7. 3. 13:45–15:15 K211, 15:30–17:00 K211, J. Kotěšovcová
N_OP/vRMO: Fri 21. 3. 15:30–17:00 M14, 17:15–18:45 M14, Fri 4. 4. 15:30–17:00 M14, 17:15–18:45 M14, Fri 18. 4. 15:30–17:00 M14, V. Hrdina
N_OP/vR2PH: Fri 14. 2. 15:30–17:00 S23, 17:15–18:45 S23, Fri 28. 2. 15:30–17:00 S23, 17:15–18:45 S23, Fri 28. 3. 17:15–18:45 S23, Š. Kocmanová
N_OP/vR3PH: Sat 1. 3. 9:45–11:15 S26, 11:30–13:00 S26, Fri 14. 3. 12:00–13:30 S26, Sat 29. 3. 9:45–11:15 S26, 11:30–13:00 S26, I. Jindřichovská

Prerequisites

The course builds on the subjects of N_FRP Financial management, N_Cn Controlling, N_MaEk Managerial economics and N_RCP Management of pricing policy and extends students ' knowledge about the management methods of the value range   to determine the value of the company.

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

• Business Management and Corporate Finance (programme VSFS, N-EKM) (2)

Course objectives

Student after completing the course of business valuation can understand the concepts of business valuation, to distinguish the concepts of value and price. Will know the layout of the valuation methods, and basic business valuation. Students will understand the importance of the strategic analysis of award winning company, its financial health and can navrnout procedure for preparing the financial plan, the award-winning company. Can specify and quantify risk, find the risk-free rate of return, WACC - average cost of capital, the beta coefficient, the CAPM method to identify the risk premium from the capital market and analysis of risk factors. Students will be able to define and construct corresponding to different types of income-earning methods (free cash flow, EVA, capitalized net income).

Syllabus

• 1) Definition of business valuation.
• 2) Overview of categories and valuation methods.
• 3) Strategic analysis of the company being valued.
• 4) Evaluation of the financial health of the company.
• 5) The estimate of future market potential for the company.
• 6) financial plan.
• 7) The concept and classes of risk, methods of determining risk premiums, weighted cost of capital.
• 8) Construction of free cash flow, EVA, capitalized net returns.
• 9) Separation of the non-operating assets and correction profit.
• 10) Methods based on analysis of property /property methods/.
• 11) Methods based on analysis of market /market valuation methods/.
• 12) Final valuation, final statement and the synergy effect.

Literature

required literature
• Mařík Miloš, Metody oceňování podniku: proces ocenění - základní metody a postupy, Ekopress, Praha, 2011, 494 s. ISBN: 978-808-6929-675
• Mařík M., Maříková P., Metody oceňování podniku pro pokročilé, Ekopress, 2011, 548 s. ISNB: 978-80-86929-80-4

recommended literature
• Krabec T., Oceňování podniku a standardy hodnoty, Grada, 2009, 180 s., ISBN: 978-247-2865-0

Teaching methods

For daily study - lectures, where students are introduced to the theoretical procedures of valuation, at seminars held presentation of seminar work students at a particular company valuation using income approach. Lectures an seminars in full-time study - participation is 75%. For distační Study - guided consultations with 75% participation.

Assessment methods

Seminar work on the valuation of a particular enterprise by income approach, including its presentation. The final mark is a summary of activities of students in lectures and exercises and resulting essay. Examination is writing - processing exam test. For distační Study - examination is writing - processing exam test.

Language of instruction

Czech

Further comments (probably available only in Czech)

The course can also be completed outside the examination period.
General note: Aa1.
Information on the extent and intensity of the course: 10 hodin KS/semestr.

N_OP Business Evaluation

Extent and Intensity

2/1. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)

Guaranteed by

doc. Ing. Jaroslav Brada, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Edita Jerie, DiS.

Timetable of Seminar Groups

N_OP/vAPH: Fri 18. 10. 12:00–13:30 S14, Fri 1. 11. 13:45–15:15 S14, Fri 15. 11. 15:30–17:00 S14, Sat 30. 11. 9:45–11:15 S14, 11:30–13:00 S14, J. Kotěšovcová

Prerequisites

Corporate Finance Management, Managerial Economics, Controlling

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

• Applied Informatics (programme VSFS, N-INF)

Course objectives

Student after completing the course of business valuation can understand the concepts of business valuation, to distinguish the concepts of value and price. Will know the layout of the valuation methods, and basic business valuation. Students will understand the importance of the strategic analysis of award winning company, its financial health and can navrnout procedure for preparing the financial plan, the award-winning company. Can specify and quantify risk, find the risk-free rate of return, WACC - average cost of capital, the beta coefficient, the CAPM method to identify the risk premium from the capital market and analysis of risk factors. Students will be able to define and construct corresponding to different types of income-earning methods (free cash flow, EVA, capitalized net income).

Syllabus

• 1) Definition of business valuation.
• 2) Overview of categories and valuation methods.
• 3) Strategic analysis of the company being valued.
• 4) Evaluation of the financial health of the company.
• 5) The estimate of future market potential for the company.
• 6) financial plan.
• 7) The concept and classes of risk, methods of determining risk premiums, weighted cost of capital.
• 8) Construction of free cash flow, EVA, capitalized net returns.
• 9) Separation of the non-operating assets and correction profit.
• 10) Methods based on analysis of property /property methods/.
• 11) Methods based on analysis of market /market valuation methods/.
• 12) Final valuation, final statement and the synergy effect.

Literature

required literature
• Mařík Miloš, Metody oceňování podniku: proces ocenění - základní metody a postupy, Ekopress, Praha, 2011, 494 s. ISBN: 978-808-6929-675
• Mařík M., Maříková P., Metody oceňování podniku pro pokročilé, Ekopress, 2011, 548 s. ISNB: 978-80-86929-80-4

recommended literature
• Krabec T., Oceňování podniku a standardy hodnoty, Grada, 2009, 180 s., ISBN: 978-247-2865-0

Teaching methods

Daily - lectures, where students are introduced to the theoretical procedures of valuation, at seminars held presentation of seminar work students at a particular company valuation using income approach.

Assessment methods

Seminar work on the valuation of a particular enterprise by income approach, including its presentation. The final mark is a summary of activities of students in lectures and exercises and resulting essay.

Language of instruction

Czech

Further comments (probably available only in Czech)

The course can also be completed outside the examination period.
General note: Aa1.
Information on the extent and intensity of the course: 10 hodin KS/semestr.

N_OP Business Evaluation

Extent and Intensity

2/1. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Jaroslav Brada, Ph.D. (seminar tutor)
Ing. Viktor Hrdina, MBA (seminar tutor)
doc. Ing. Irena Jindřichovská, CSc. (seminar tutor)
Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)
Ing. Iveta Mackenzie (seminar tutor)
Ing. Mgr. Jaromír Tichý, Ph.D., MBA (seminar tutor)

Guaranteed by

Ing. Jana Kotěšovcová, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Mgr. Dina Riegerová

Timetable of Seminar Groups

N_OP/cRMO: each odd Wednesday 15:45–16:29 M25, each odd Wednesday 16:30–17:15 M25, V. Hrdina
N_OP/cR1PH: each odd Thursday 10:30–11:14 S24, each odd Thursday 11:15–12:00 S24, J. Brada
N_OP/cR2PH: each even Thursday 12:15–12:59 S21, each even Thursday 13:00–13:45 S21, J. Kotěšovcová
N_OP/cR3PH: each odd Thursday 10:30–11:14 S14, each odd Thursday 11:15–12:00 S14, I. Jindřichovská
N_OP/pRMO: Wed 17:30–18:14 M25, Wed 18:15–19:00 M25, V. Hrdina
N_OP/pRPH: Thu 8:45–9:29 S01, Thu 9:30–10:15 S01, J. Brada
N_OP/uR1PH: Tue 12. 3. 15:45–17:15 S36, I. Mackenzie
N_OP/uR2PH: Tue 12. 3. 17:30–19:00 S36, I. Mackenzie
N_OP/vRKL: Fri 22. 3. 13:45–15:15 K211, J. Kotěšovcová
N_OP/vR1MO: Fri 5. 4. 15:30–17:00 M24, J. Tichý
N_OP/vR2aPH: Fri 22. 3. 12:00–13:30 S26, J. Tichý
N_OP/vR2bPH: Fri 22. 3. 13:45–15:15 S26, J. Tichý
N_OP/vR2MO: Fri 15. 3. 19:00–20:30 M24, J. Tichý
N_OP/vR3aPH: Sat 23. 3. 9:45–11:15 S32, I. Jindřichovská
N_OP/vR3bPH: Sat 23. 3. 11:30–13:00 S32, I. Jindřichovská
N_OP/vR4aPH: Fri 8. 3. 17:15–18:45 S21, I. Jindřichovská
N_OP/vR4bPH: Fri 8. 3. 17:15–18:45 S01, J. Kotěšovcová

Prerequisites

The course builds on the subjects of N_FRP Financial management, N_Cn Controlling, N_MaEk Managerial economics and N_RCP Management of pricing policy and extends students ' knowledge about the management methods of the value range   to determine the value of the company.

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

• Business Management and Corporate Finance (programme VSFS, N-EKM) (2)

Course objectives

Student after completing the course of business valuation can understand the concepts of business valuation, to distinguish the concepts of value and price. Will know the layout of the valuation methods, and basic business valuation. Students will understand the importance of the strategic analysis of award winning company, its financial health and can navrnout procedure for preparing the financial plan, the award-winning company. Can specify and quantify risk, find the risk-free rate of return, WACC - average cost of capital, the beta coefficient, the CAPM method to identify the risk premium from the capital market and analysis of risk factors. Students will be able to define and construct corresponding to different types of income-earning methods (free cash flow, EVA, capitalized net income).

Syllabus

• 1) Definition of business valuation.
• 2) Overview of categories and valuation methods.
• 3) Strategic analysis of the company being valued.
• 4) Evaluation of the financial health of the company.
• 5) The estimate of future market potential for the company.
• 6) financial plan.
• 7) The concept and classes of risk, methods of determining risk premiums, weighted cost of capital.
• 8) Construction of free cash flow, EVA, capitalized net returns.
• 9) Separation of the non-operating assets and correction profit.
• 10) Methods based on analysis of property /property methods/.
• 11) Methods based on analysis of market /market valuation methods/.
• 12) Final valuation, final statement and the synergy effect.

Literature

required literature
• MAŘÍK, Miloš. Metody oceňování podniku: proces ocenění - základní metody a postupy. 2. upr. a rozš. vyd. Praha: Ekopress, 2007, 492 s. ISBN 978-80-86929-32-3.
• KISLINGEROVÁ, Eva. Oceňování podniku. 2. přeprac. a dopl. vyd. Praha: C. H. Beck, 2001, xvi, 367 s. ISBN 80-717-9529-1.

recommended literature
• MAŘÍK, Miloš. Moderní metody hodnocení výkonnosti a oceňování podniku: ekonomická přidaná hodnota, tržní přidaná hodnota, CF ROI. Přeprac. a rozš. vyd. Praha: Ekopress, 2005, 164 s. ISBN 80-861-1961-0.

Teaching methods

For daily study - lectures, where students are introduced to the theoretical procedures of valuation, at seminars held presentation of seminar work students at a particular company valuation using income approach. Lectures an seminars in full-time study - participation is 75%. For distant study - self-study with one tutorial

Assessment methods

Seminar work on the valuation of a particular enterprise by income approach, including its presentation. The final mark is a summary of activities of students in lectures and exercises and resulting essay. For distant study - as a precondition for the credit developing of 4 pots and 4 tests for the credit, and the exam test the examination.

Language of instruction

Czech

Further comments (probably available only in Czech)

The course can also be completed outside the examination period.
General note: Aa0.
Information on the extent and intensity of the course: 12 hodin KS/semestr.

N_OP Business Evaluation

Extent and Intensity

2/1. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Irena Jindřichovská, CSc. (seminar tutor)
Ing. Iveta Mackenzie (seminar tutor)

Guaranteed by

Ing. Jana Kotěšovcová, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Mgr. Dina Riegerová

Timetable of Seminar Groups

N_OP/vA1PH: Fri 2. 11. 15:30–17:00 S14, I. Mackenzie
N_OP/vA2PH: Fri 2. 11. 15:30–17:00 S34, I. Jindřichovská

Prerequisites

Corporate Finance Management, Managerial Economics, Controlling

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

• Applied Informatics (programme VSFS, N-INF)

Course objectives

Student after completing the course of business valuation can understand the concepts of business valuation, to distinguish the concepts of value and price. Will know the layout of the valuation methods, and basic business valuation. Students will understand the importance of the strategic analysis of award winning company, its financial health and can navrnout procedure for preparing the financial plan, the award-winning company. Can specify and quantify risk, find the risk-free rate of return, WACC - average cost of capital, the beta coefficient, the CAPM method to identify the risk premium from the capital market and analysis of risk factors. Students will be able to define and construct corresponding to different types of income-earning methods (free cash flow, EVA, capitalized net income).

Syllabus

• 1) Definition of business valuation.
• 2) Overview of categories and valuation methods.
• 3) Strategic analysis of the company being valued.
• 4) Evaluation of the financial health of the company.
• 5) The estimate of future market potential for the company.
• 6) financial plan.
• 7) The concept and classes of risk, methods of determining risk premiums, weighted cost of capital.
• 8) Construction of free cash flow, EVA, capitalized net returns.
• 9) Separation of the non-operating assets and correction profit.
• 10) Methods based on analysis of property /property methods/.
• 11) Methods based on analysis of market /market valuation methods/.
• 12) Final valuation, final statement and the synergy effect.

Literature

required literature
• KISLINGEROVÁ, Eva. Oceňování podniku. 2. přeprac. a dopl. vyd. Praha: C. H. Beck, 2001, xvi, 367 s. ISBN 80-717-9529-1.
• MAŘÍK, Miloš. Metody oceňování podniku: proces ocenění - základní metody a postupy. 2. upr. a rozš. vyd. Praha: Ekopress, 2007, 492 s. ISBN 978-80-86929-32-3.

recommended literature
• MAŘÍK, Miloš. Moderní metody hodnocení výkonnosti a oceňování podniku: ekonomická přidaná hodnota, tržní přidaná hodnota, CF ROI. Přeprac. a rozš. vyd. Praha: Ekopress, 2005, 164 s. ISBN 80-861-1961-0.

Teaching methods

Daily - lectures, where students are introduced to the theoretical procedures of valuation, at seminars held presentation of seminar work students at a particular company valuation using income approach.

Assessment methods

Seminar work on the valuation of a particular enterprise by income approach, including its presentation. The final mark is a summary of activities of students in lectures and exercises and resulting essay.

Language of instruction

Czech

Further comments (probably available only in Czech)

The course can also be completed outside the examination period.
General note: Aa0.
Information on the extent and intensity of the course: 12 hodin KS/semestr.

N_OP Business Evaluation

Extent and Intensity

2/1. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Jan Cedl (seminar tutor)
Ing. Viktor Hrdina, MBA (seminar tutor)
Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)
Ing. Iveta Mackenzie (seminar tutor)
Ing. Mgr. Jaromír Tichý, Ph.D., MBA (seminar tutor)

Guaranteed by

Ing. Jana Kotěšovcová, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Leona Randýsková

Timetable of Seminar Groups

N_OP/cRMO: each odd Wednesday 17:30–18:14 M15, each odd Wednesday 18:15–19:00 M15, V. Hrdina
N_OP/cR1PH: each even Thursday 12:15–12:59 S11, each even Thursday 13:00–13:45 S11, J. Kotěšovcová
N_OP/cR2PH: each odd Wednesday 12:15–12:59 S26, each odd Wednesday 13:00–13:45 S26, I. Mackenzie
N_OP/cR3PH: each odd Wednesday 10:30–11:14 S26, each odd Wednesday 11:15–12:00 S26, I. Mackenzie
N_OP/pRMO: Wed 15:45–16:29 M15, Wed 16:30–17:15 M15, V. Hrdina
N_OP/pRPH: Thu 8:45–9:29 S01, Thu 9:30–10:15 S01, J. Kotěšovcová
N_OP/uR1PH: Tue 13. 3. 14:00–15:30 S24, J. Kotěšovcová
N_OP/uR2PH: Tue 13. 3. 17:30–19:00 S24, J. Kotěšovcová
N_OP/vRKL: Fri 9. 3. 19:00–20:30 K311, J. Tichý
N_OP/vR1MO: Sat 10. 3. 8:00–9:30 M27, J. Tichý
N_OP/vR2MO: Sat 10. 3. 9:45–11:15 M27, J. Tichý
N_OP/vR21PH: Fri 23. 3. 15:30–17:00 S26, J. Tichý
N_OP/vR22PH: Fri 23. 3. 17:15–18:45 S26, J. Tichý
N_OP/vR31PH: Fri 24. 2. 17:15–18:45 S32, I. Mackenzie
N_OP/vR32PH: Fri 9. 3. 15:30–17:00 S32, I. Mackenzie

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

• Business Management and Corporate Finance (programme VSFS, N-EKM) (2)

Course objectives (in Czech)

Oceňování podniku není jen součástí práce znalců při majetkových převodech, ale zjišťování jeho hodnoty je i důležitým měřítkem jeho výkonnosti. Proto je v tomto předmětu kladen důraz na výnosové metody ocenění podniku jako celku, současně ale získá posluchač i přehled o dalších metodách, možnostech a podmínkách jejich využití. Ve výuce jsou kombinovány přednášky s praktickým procvičováním postupu ocenění v počítačové učebně. Při cvičení je postup ocenění řešen jako týmová práce skupiny posluchačů na projektu ocenění vybraného podniku. Důraz je kladen na samostatné získávání informací a analýzu vybraného prostředí, ve kterém podnik působí. Vlastní výpočty jsou podporovány počítačovými programy, čímž se omezuje rutinní výpočtová práce a získává se prostor pro procvičování logiky a podstaty problému.

Syllabus (in Czech)

• Tato osnova je určena pro prezenční studium, průběh výuky pro kombinované studium je uveden ve studijních materiálech formou metodického listu ( ML ) Oceňování podniku. 1) Pojem a účel oceňování podniku, kategorie a metody oceňování, 2) Strategická analýza a finanční analýza oceňovaného podniku, 3) Úloha finančního plánu a jeho vytvoření, 4) Hodnocení rizika a stanovení diskontní míry, 5) Prognóza budoucího vývoje, dvou a třífázové modely, 6) Vlastní výpočet ocenění, souhrnné ocenění a závěrečný výrok.

Literature

required literature
• KISLINGEROVÁ, E.: Oceňování podniku. C.H.Beck, Praha 2001. ISBN 80-7179-529-1
• MAŘÍK, M. a kol.: Metody oceňování podniku. Ekopress, Praha 2007. ISBN 978-80-86929-32-3

recommended literature
• Mařík, Maříková: Moderní metody hodnocení výkonnosti a oceňování podniku; EKOPRESS, Praha 2005, ISBN 80-86119-61-0

Teaching methods (in Czech)

Typ výuky: Prezenční studium - přednáška, cvičení v počítačové učebně, kde posluchači tvoří 3 – 5 členné pracovní skupiny, z nichž každá zpracovává modelový příklad ocenění konkrétního podniku některou z výnosových metod. Při práci jsou využívány programy EVALENT a STRATEX R. Zápočet je udělen na základě úspěšné prezentace výsledku tohoto projektu. Předmět je zakončen ústní zkouškou s přihlédnutím k výsledkům hodnocení zpracovaného projektu. Kombinované studium - řízené konzultace.

Assessment methods (in Czech)

Typ výuky: Prezenční studium - přednáška, cvičení v počítačové učebně, kde posluchači tvoří 3 – 5 členné pracovní skupiny, z nichž každá zpracovává modelový příklad ocenění konkrétního podniku některou z výnosových metod. Při práci jsou využívány programy EVALENT a STRATEX R. Zápočet je udělen na základě úspěšné prezentace výsledku tohoto projektu. Předmět je zakončen ústní zkouškou s přihlédnutím k výsledkům hodnocení zpracovaného projektu. Kombinované studium - řízené konzultace. Zápočet je udělen na základě předložení seminární práce. Předmět je zakončen písemnou zkouškou.

Language of instruction

Czech

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.

N_OP Business Evaluation

Extent and Intensity

2/1. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Marek Mádl (seminar tutor)
Ing. Mgr. Jaromír Tichý, Ph.D., MBA (seminar tutor)
PhDr. Jan Rytina, CSc. (assistant)

Guaranteed by

Ing. Jana Kotěšovcová, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Leona Randýsková

Timetable of Seminar Groups

N_OP/vA1PH: Fri 11. 11. 12:00–13:30 S14, M. Mádl
N_OP/vA2PH: Fri 11. 11. 13:45–15:15 S14, M. Mádl

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

• Applied Informatics (programme VSFS, N-INF)

Course objectives (in Czech)

Oceňování podniku není jen součástí práce znalců při majetkových převodech, ale zjišťování jeho hodnoty je i důležitým měřítkem jeho výkonnosti. Proto je v tomto předmětu kladen důraz na výnosové metody ocenění podniku jako celku, současně ale získá posluchač i přehled o dalších metodách, možnostech a podmínkách jejich využití. Ve výuce jsou kombinovány přednášky s praktickým procvičováním postupu ocenění v počítačové učebně. Při cvičení je postup ocenění řešen jako týmová práce skupiny posluchačů na projektu ocenění vybraného podniku. Důraz je kladen na samostatné získávání informací a analýzu vybraného prostředí, ve kterém podnik působí. Vlastní výpočty jsou podporovány počítačovými programy, čímž se omezuje rutinní výpočtová práce a získává se prostor pro procvičování logiky a podstaty problému.

Syllabus (in Czech)

• Tato osnova je určena pro prezenční studium, průběh výuky pro kombinované studium je uveden ve studijních materiálech formou metodického listu ( ML ) Oceňování podniku. 1) Pojem a účel oceňování podniku, kategorie a metody oceňování, 2) Strategická analýza a finanční analýza oceňovaného podniku, 3) Úloha finančního plánu a jeho vytvoření, 4) Hodnocení rizika a stanovení diskontní míry, 5) Prognóza budoucího vývoje, dvou a třífázové modely, 6) Vlastní výpočet ocenění, souhrnné ocenění a závěrečný výrok.

Literature

required literature
• KISLINGEROVÁ, E.: Oceňování podniku. C.H.Beck, Praha 2001. ISBN 80-7179-529-1
• MAŘÍK, M. a kol.: Metody oceňování podniku. Ekopress, Praha 2007. ISBN 978-80-86929-32-3

recommended literature
• Mařík, Maříková: Moderní metody hodnocení výkonnosti a oceňování podniku; EKOPRESS, Praha 2005, ISBN 80-86119-61-0

Teaching methods (in Czech)

Typ výuky: Prezenční studium - přednáška, cvičení v počítačové učebně, kde posluchači tvoří 3 – 5 členné pracovní skupiny, z nichž každá zpracovává modelový příklad ocenění konkrétního podniku některou z výnosových metod. Při práci jsou využívány programy EVALENT a STRATEX R. Zápočet je udělen na základě úspěšné prezentace výsledku tohoto projektu. Předmět je zakončen ústní zkouškou s přihlédnutím k výsledkům hodnocení zpracovaného projektu. Kombinované studium - řízené konzultace.

Assessment methods (in Czech)

Typ výuky: Prezenční studium - přednáška, cvičení v počítačové učebně, kde posluchači tvoří 3 – 5 členné pracovní skupiny, z nichž každá zpracovává modelový příklad ocenění konkrétního podniku některou z výnosových metod. Při práci jsou využívány programy EVALENT a STRATEX R. Zápočet je udělen na základě úspěšné prezentace výsledku tohoto projektu. Předmět je zakončen ústní zkouškou s přihlédnutím k výsledkům hodnocení zpracovaného projektu. Kombinované studium - řízené konzultace. Zápočet je udělen na základě předložení seminární práce. Předmět je zakončen písemnou zkouškou.

Language of instruction

Czech

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.

N_OP Business Evaluation

Extent and Intensity

1/1/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Jaroslav Brada, Ph.D. (seminar tutor)
Ing. Jan Cedl (seminar tutor)
Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)
Ing. Mgr. Jaromír Tichý, Ph.D., MBA (seminar tutor)
Mgr. Lenka Omelková (assistant)

Guaranteed by

Ing. Jan Cedl
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Leona Randýsková

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

• Business Management and Corporate Finance (programme VSFS, N-EKM) (2)

Course objectives (in Czech)

Oceňování podniku není jen součástí práce znalců při majetkových převodech, ale zjišťování jeho hodnoty je i důležitým měřítkem jeho výkonnosti. Proto je v tomto předmětu kladen důraz na výnosové metody ocenění podniku jako celku, současně ale získá posluchač i přehled o dalších metodách, možnostech a podmínkách jejich využití. Ve výuce jsou kombinovány přednášky s praktickým procvičováním postupu ocenění v počítačové učebně. Při cvičení je postup ocenění řešen jako týmová práce skupiny posluchačů na projektu ocenění vybraného podniku. Důraz je kladen na samostatné získávání informací a analýzu vybraného prostředí, ve kterém podnik působí. Vlastní výpočty jsou podporovány počítačovými programy, čímž se omezuje rutinní výpočtová práce a získává se prostor pro procvičování logiky a podstaty problému.

Syllabus (in Czech)

• Tato osnova je určena pro prezenční studium, průběh výuky pro kombinované studium je uveden ve studijních materiálech formou metodického listu ( ML ) Oceňování podniku. 1) Pojem a účel oceňování podniku, kategorie a metody oceňování, 2) Strategická analýza a finanční analýza oceňovaného podniku, 3) Úloha finančního plánu a jeho vytvoření, 4) Hodnocení rizika a stanovení diskontní míry, 5) Prognóza budoucího vývoje, dvou a třífázové modely, 6) Vlastní výpočet ocenění, souhrnné ocenění a závěrečný výrok.

Literature

required literature
• KISLINGEROVÁ, E.: Oceňování podniku. C.H.Beck, Praha 2001. ISBN 80-7179-529-1
• MAŘÍK, M. a kol.: Metody oceňování podniku. Ekopress, Praha 2007. ISBN 978-80-86929-32-3

recommended literature
• Mařík, Maříková: Moderní metody hodnocení výkonnosti a oceňování podniku; EKOPRESS, Praha 2005, ISBN 80-86119-61-0

Teaching methods (in Czech)

Typ výuky: Prezenční studium - přednáška, cvičení v počítačové učebně, kde posluchači tvoří 3 – 5 členné pracovní skupiny, z nichž každá zpracovává modelový příklad ocenění konkrétního podniku některou z výnosových metod. Při práci jsou využívány programy EVALENT a STRATEX R. Zápočet je udělen na základě úspěšné prezentace výsledku tohoto projektu. Předmět je zakončen ústní zkouškou s přihlédnutím k výsledkům hodnocení zpracovaného projektu. Kombinované studium - řízené konzultace.

Assessment methods (in Czech)

Zápočet je udělen na základě předložení seminární práce. Předmět je zakončen písemnou zkouškou.

Language of instruction

Czech

Further comments (probably available only in Czech)

Information on completion of the course: ISP
The course can also be completed outside the examination period.
Information on the extent and intensity of the course: 8hodin/semestr, pro equip 6hodin/semestr.

N_OP Business Evaluation

Extent and Intensity

1/1/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Jana Kotěšovcová, Ph.D. (lecturer)
doc. Ing. Jaroslav Brada, Ph.D. (seminar tutor)
Ing. Jan Cedl (seminar tutor)
Ing. Mgr. Jaromír Tichý, Ph.D., MBA (seminar tutor)
Mgr. Martin Mikuláš (assistant)
Mgr. Anna Nováková (assistant)
Ing. Vladimír Nulíček, CSc. (assistant)
Mgr. Lenka Omelková (assistant)
PhDr. Jan Rytina, CSc. (assistant)

Guaranteed by

Ing. Jan Cedl
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Lucie Kindlová

Timetable of Seminar Groups

N_OP/cR1aPH: each even Wednesday 14:00–14:44 S16PC, each even Wednesday 14:45–15:30 S16PC, J. Cedl
N_OP/cR1bPH: each odd Wednesday 8:45–9:29 S16PC, each odd Wednesday 9:30–10:15 S16PC, J. Cedl
N_OP/cR2aPH: each odd Wednesday 10:30–11:14 S16PC, each odd Wednesday 11:15–12:00 S16PC, J. Cedl
N_OP/cR2bPH: each even Wednesday 15:45–16:29 S16PC, each even Wednesday 16:30–17:15 S16PC, J. Cedl
N_OP/cR3aPH: each odd Tuesday 8:45–9:29 S16PC, each odd Tuesday 9:30–10:15 S16PC, J. Cedl
N_OP/cR3bPH: each odd Tuesday 12:15–12:59 S16PC, each odd Tuesday 13:00–13:45 S16PC, J. Cedl
N_OP/pRPH: each even Wednesday 10:30–11:14 S01, each even Wednesday 11:15–12:00 S01, J. Cedl
N_OP/uRaPH: Tue 9. 2. 14:00–15:30 S23, Tue 23. 2. 15:45–17:15 S23, 17:30–19:00 S23, Tue 2. 3. 14:00–15:30 S23, J. Kotěšovcová
N_OP/uRbPH: Tue 2. 3. 19:15–20:45 S36, Tue 9. 3. 19:15–20:45 S36, Tue 16. 3. 19:15–20:45 S36, Tue 23. 3. 19:15–20:45 S36, J. Brada
N_OP/vRKL: Fri 16. 4. 13:45–15:15 K205, 15:30–17:00 K205, Fri 23. 4. 17:15–18:45 K205, 19:00–20:30 K205, J. Cedl
N_OP/vRMO: Fri 7. 5. 12:00–13:30 M26, 13:45–15:15 M26, 15:30–17:00 M26, 17:15–18:45 M26, J. Tichý
N_OP/vR2PH: Fri 26. 3. 13:45–15:15 S23, Fri 7. 5. 12:00–13:30 S23, 15:30–17:00 S23, 17:15–18:45 S23, J. Kotěšovcová
N_OP/vR21PH: Fri 12. 2. 13:45–15:15 S23, Fri 12. 3. 17:15–18:45 S23, Fri 16. 4. 17:15–18:45 S23, J. Tichý
N_OP/vR3PH: Fri 16. 4. 13:45–15:15 S01, Fri 30. 4. 13:45–15:15 S01, Fri 7. 5. 12:00–13:30 S01, 13:45–15:15 S01, J. Brada

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

• Business Management and Corporate Finance (programme VSFS, N-EKM) (2)

Course objectives (in Czech)

Oceňování podniku není jen součástí práce znalců při majetkových převodech, ale zjišťování jeho hodnoty je i důležitým měřítkem jeho výkonnosti. Proto je v tomto předmětu kladen důraz na výnosové metody ocenění podniku jako celku, současně ale získá posluchač i přehled o dalších metodách, možnostech a podmínkách jejich využití. Ve výuce jsou kombinovány přednášky s praktickým procvičováním postupu ocenění v počítačové učebně. Při cvičení je postup ocenění řešen jako týmová práce skupiny posluchačů na projektu ocenění vybraného podniku. Důraz je kladen na samostatné získávání informací a analýzu vybraného prostředí, ve kterém podnik působí. Vlastní výpočty jsou podporovány počítačovými programy, čímž se omezuje rutinní výpočtová práce a získává se prostor pro procvičování logiky a podstaty problému.

Syllabus (in Czech)

• Tato osnova je určena pro prezenční studium, průběh výuky pro kombinované studium je uveden ve studijních materiálech formou metodického listu ( ML ) Oceňování podniku. 1) Pojem a účel oceňování podniku, kategorie a metody oceňování, 2) Strategická analýza a finanční analýza oceňovaného podniku, 3) Úloha finančního plánu a jeho vytvoření, 4) Hodnocení rizika a stanovení diskontní míry, 5) Prognóza budoucího vývoje, dvou a třífázové modely, 6) Vlastní výpočet ocenění, souhrnné ocenění a závěrečný výrok.

Literature

required literature
• KISLINGEROVÁ, E.: Oceňování podniku. C.H.Beck, Praha 2001. ISBN 80-7179-529-1
• MAŘÍK, M. a kol.: Metody oceňování podniku. Ekopress, Praha 2007. ISBN 978-80-86929-32-3

recommended literature
• Mařík, Maříková: Moderní metody hodnocení výkonnosti a oceňování podniku; EKOPRESS, Praha 2005, ISBN 80-86119-61-0

Assessment methods (in Czech)

Typ výuky: Prezenční studium - přednáška, cvičení v počítačové učebně, kde posluchači tvoří 3 – 5 členné pracovní skupiny, z nichž každá zpracovává modelový příklad ocenění konkrétního podniku některou z výnosových metod. Při práci jsou využívány programy EVALENT a STRATEX R. Zápočet je udělen na základě úspěšné prezentace výsledku tohoto projektu. Předmět je zakončen ústní zkouškou s přihlédnutím k výsledkům hodnocení zpracovaného projektu. Kombinované studium - řízené konzultace. Zápočet je udělen na základě předložení seminární práce. Předmět je zakončen písemnou zkouškou.

Language of instruction

Czech

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: 8hodin/semestr, pro equip 6hodin/semestr.

N_OP Business Evaluation

Extent and Intensity

1/0/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Jana Kotěšovcová, Ph.D. (lecturer)
doc. Ing. Jaroslav Brada, Ph.D. (seminar tutor)
Ing. Jan Cedl (seminar tutor)
Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)
Ing. Mgr. Jaromír Tichý, Ph.D., MBA (seminar tutor)
Mgr. Martin Mikuláš (assistant)
Mgr. Lenka Omelková (assistant)

Guaranteed by

Ing. Jan Cedl
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Lucie Kindlová

Timetable of Seminar Groups

N_OP/cR1aPH: each even Wednesday 10:30–11:14 S16PC, each even Wednesday 11:15–12:00 S16PC, J. Cedl
N_OP/cR1bPH: each odd Wednesday 8:45–9:29 S16PC, each odd Wednesday 9:30–10:15 S16PC, J. Cedl
N_OP/cR2aPH: each odd Wednesday 12:15–12:59 S16PC, each odd Wednesday 13:00–13:45 S16PC, J. Cedl
N_OP/cR2bPH: each even Wednesday 12:15–12:59 S16PC, each even Wednesday 13:00–13:45 S16PC, J. Cedl
N_OP/cR3aPH: each even Wednesday 8:45–9:29 S16PC, each even Wednesday 9:30–10:15 S16PC, J. Cedl
N_OP/cR3bPH: each even Wednesday 15:45–16:29 S16PC, each even Wednesday 16:30–17:15 S16PC, J. Cedl
N_OP/pRPH: each odd Wednesday 10:30–11:14 S01, each odd Wednesday 11:15–12:00 S01, J. Cedl
N_OP/uRaPH: Tue 10. 2. 17:30–19:00 S24, Tue 17. 2. 17:30–19:00 S24, Tue 24. 2. 19:15–20:45 S24, Tue 3. 3. 17:30–19:00 S24, J. Cedl
N_OP/uRbPH: Tue 17. 3. 17:30–19:00 S32, 19:15–20:45 S32, Tue 24. 3. 17:30–19:00 S32, Tue 7. 4. 17:30–19:00 S32, J. Cedl
N_OP/vRKL: Fri 13. 2. 13:45–15:15 K303, 15:30–17:00 K303, Fri 27. 3. 13:45–15:15 K303, 15:30–17:00 K303, J. Cedl
N_OP/vRMO: Fri 27. 2. 12:00–13:30 M14, 13:45–15:15 M14, Fri 15. 5. 12:00–13:30 M14, 13:45–15:15 M14, J. Tichý
N_OP/vR2PH: Sat 28. 3. 14:00–15:30 S23, 15:45–17:15 S23, Fri 24. 4. 15:30–17:00 S23, Sat 16. 5. 15:45–17:15 S23, J. Brada
N_OP/vR3PH: Fri 27. 2. 15:30–17:00 S21, Fri 13. 3. 17:15–18:45 S21, Fri 24. 4. 13:45–15:15 S21, 15:30–17:00 S21, J. Cedl
N_OP/vR4PH: Fri 13. 2. 15:30–17:00 S32, 17:15–18:45 S32, Fri 27. 2. 17:15–18:45 S32, Fri 13. 3. 15:30–17:00 S32, J. Brada

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

• Business Management and Corporate Finance (programme VSFS, N-EKM) (2)

Course objectives (in Czech)

Oceňování podniku není jen součástí práce znalců při majetkových převodech, ale zjišťování jeho hodnoty je i důležitým měřítkem jeho výkonnosti. Proto je v tomto předmětu kladen důraz na výnosové metody ocenění podniku jako celku, současně ale získá posluchač i přehled o dalších metodách, možnostech a podmínkách jejich využití. Ve výuce jsou kombinovány přednášky s praktickým procvičováním postupu ocenění v počítačové učebně. Při cvičení je postup ocenění řešen jako týmová práce skupiny posluchačů na projektu ocenění vybraného podniku. Důraz je kladen na samostatné získávání informací a analýzu vybraného prostředí, ve kterém podnik působí. Vlastní výpočty jsou podporovány počítačovými programy, čímž se omezuje rutinní výpočtová práce a získává se prostor pro procvičování logiky a podstaty problému.

Syllabus (in Czech)

• Tato osnova je určena pro prezenční studium, průběh výuky pro kombinované studium je uveden ve studijních materiálech formou metodického listu ( ML ) Oceňování podniku. 1) Pojem a účel oceňování podniku, kategorie a metody oceňování, 2) Strategická analýza a finanční analýza oceňovaného podniku, 3) Úloha finančního plánu a jeho vytvoření, 4) Hodnocení rizika a stanovení diskontní míry, 5) Prognóza budoucího vývoje, dvou a třífázové modely, 6) Vlastní výpočet ocenění, souhrnné ocenění a závěrečný výrok.

Literature

• KISLINGEROVÁ, E.: Oceňování podniku. C.H.Beck, Praha 2001. ISBN 80-7179-529-1
• MAŘÍK, M. a kol.: Metody oceňování podniku. Ekopress, Praha 2007. ISBN 978-80-86929-32-3

Assessment methods (in Czech)

Typ výuky: Prezenční studium - přednáška, cvičení v počítačové učebně, kde posluchači tvoří 3 – 5 členné pracovní skupiny, z nichž každá zpracovává modelový příklad ocenění konkrétního podniku některou z výnosových metod. Při práci jsou využívány programy EVALENT a STRATEX R. Zápočet je udělen na základě úspěšné prezentace výsledku tohoto projektu. Předmět je zakončen ústní zkouškou s přihlédnutím k výsledkům hodnocení zpracovaného projektu. Kombinované studium - řízené konzultace. Zápočet je udělen na základě předložení seminární práce. Předmět je zakončen písemnou zkouškou.

Language of instruction

Czech

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: 8hodin/semestr.

N_OP Business Evaluation

Extent and Intensity

1/2. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Jan Cedl (seminar tutor)
Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)
Ing. Ivana Svobodová, Ph.D. (seminar tutor)
Ing. Mgr. Jaromír Tichý, Ph.D., MBA (seminar tutor)

Guaranteed by

Ing. Ivana Svobodová, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Eva Bečková

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

• Business Management and Corporate Finance (programme VSFS, N-EKM) (2)

Language of instruction

Czech

Further comments (probably available only in Czech)

Information on the extent and intensity of the course: 8/10hodin/semestr.

N_OP Business Evaluation

Extent and Intensity

1/2. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Jan Cedl (seminar tutor)
Ing. Ivana Svobodová, Ph.D. (seminar tutor)
Ing. Mgr. Jaromír Tichý, Ph.D., MBA (seminar tutor)

Guaranteed by

Ing. Ivana Svobodová, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Eva Bečková

Timetable of Seminar Groups

N_OP/cRKL: Thu 11. 10. 19:15–20:45 K203, Thu 25. 10. 19:15–20:45 K203, Thu 22. 11. 14:00–15:30 K203, 15:45–17:15 K203, J. Cedl
N_OP/cRMO: each odd Tuesday 8:45–9:29 M26, each odd Tuesday 9:30–10:15 M26, J. Tichý
N_OP/cRPH: Wed 14:00–14:44 S16PC, Wed 14:45–15:30 S16PC, J. Cedl
N_OP/cR1aPH: each even Monday 15:45–16:29 S16PC, each even Monday 16:30–17:15 S16PC, J. Cedl
N_OP/cR1bPH: each odd Wednesday 12:15–12:59 S16PC, each odd Wednesday 13:00–13:45 S16PC, J. Cedl
N_OP/cR2aPH: each even Thursday 12:15–12:59 S16PC, each even Thursday 13:00–13:45 S16PC, J. Cedl
N_OP/cR2bPH: each even Thursday 14:00–14:44 S16PC, each even Thursday 14:45–15:30 S16PC, J. Cedl
N_OP/pRMO: each even Tuesday 8:45–9:29 M26, each even Tuesday 9:30–10:15 M26, J. Tichý
N_OP/pRPH: each even Wednesday 10:30–11:14 S35, each even Wednesday 11:15–12:00 S35, J. Cedl
N_OP/pRPHN7: each even Monday 14:00–14:44 S01, each even Monday 14:45–15:30 S01, J. Cedl
N_OP/uR1aPH: Tue 27. 11. 14:00–15:30 S23, Tue 11. 12. 15:45–17:15 S23, 17:30–19:00 S23, Tue 18. 12. 15:45–17:15 S23, J. Cedl
N_OP/uR1bPH: Tue 6. 11. 17:30–19:00 S36, Tue 20. 11. 17:30–19:00 S36, Tue 4. 12. 15:45–17:15 S36, Tue 18. 12. 14:00–15:30 S36, J. Cedl
N_OP/vRMO: Fri 7. 12. 13:45–15:15 M24, 15:30–17:00 M24, Fri 4. 1. 13:45–15:15 M24, 15:30–17:00 M24, J. Tichý
N_OP/vR1PH: Sat 6. 10. 9:45–11:15 S11, 11:30–13:00 S11, Sat 3. 11. 9:45–11:15 S11, Sat 24. 11. 14:00–15:30 S11, 15:45–17:15 S11, J. Cedl
N_OP/vR2PH: Sat 6. 10. 14:00–15:30 S13, 15:45–17:15 S13, Sat 20. 10. 14:00–15:30 S13, Sat 3. 11. 11:30–13:00 S13, 14:00–15:30 S13, J. Cedl
N_OP/vR2PHN7: Fri 26. 10. 13:45–15:15 S23, 15:30–17:00 S23, Fri 9. 11. 13:45–15:15 S23, Fri 11. 1. 12:00–13:30 S23, I. Svobodová
N_OP/vR3PH: Fri 30. 11. 15:30–17:00 S32, 17:15–18:45 S32, Fri 14. 12. 13:45–15:15 S32, Sat 15. 12. 8:00–9:30 S32, J. Cedl

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

• Business Management and Corporate Finance (programme VSFS, N-EKM) (2)

Course objectives

The aim of the course is to present the concept business evaluation, its significance, learn basic evaluation methods division and basic procedure for business evaluation

Syllabus (in Czech)

• Tato osnova je určena pro prezenční studium, průběh výuky pro kombinované studium je uveden ve studijních materiálech formou metodického listu (ML). Obsah přednášek: Vymezení problematiky oceňování podniku. Analýza makroprostředí a odvětví. Finanční analýza. Finanční plán. Riziko. Substanční metoda a další metody oceňování založené na stavových veličinách. Stanovení diskontní míry a tempa růstu. Odhad budoucích výnosů – FCFF, FCFE, EVA, dividendy. Výnosové metody. Další metody oceňování. Závěr.

Language of instruction

Czech

Further comments (probably available only in Czech)

Information on the extent and intensity of the course: 8/10hodin/semestr.

• Enrolment Statistics (recent)