UNIVERSITY OF SOUTH BOHEMIA IN ČESKÉ BUDĚJOVICE
Study programmes & Course catalogue
for academic year 2023/2024
UNIVERSITY OF SOUTH BOHEMIA IN ČESKÉ BUDĚJOVICE
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Course: Financial Management

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Course title Financial Management
Course code KUF/DFMA
Organizational form of instruction Lecture
Level of course Doctoral
Year of study not specified
Semester Winter and summer
Number of ECTS credits 10
Language of instruction Czech
Status of course Compulsory-optional
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Jílek Milan, doc. Ing. Ph.D.
  • Zdeněk Radek, doc. Ing. Ph.D.
Course content
1. Analysis of relationships among production efficiency - liquidity - financial health - stability of a corporation 2. Determinants of corporate performance in cross-section and time-series view. 4th generation of indicators of corporate performance (economic value added - EVA, market value added - MVA, Excess Return, Total Shareholder Return - TSR, Shareholder Value Added - SVA, Discounted Cash Flow - DSF, Cash Flow Return on Investment - CFROI, Cash Return on Gross Assets - CROGA). Transformation of accounting data for economic modelling. Case studies. 3. Analysis and prognosis of value creation. Value creation - sales, operational profit margin, investment in working capital, investments in long term assets, rate of discount, equity and debt financing, Causal relationship analysis as a method of measuring the effectiveness of internal and external factors of determination on corporate performance. Valuation of a corporation. 4. Discounted cash flow method, capitalized net incomes, combined income methods, Economic value-added, market valuation, asset valuation. 5. Economic and financial analysis in crisis management. 6. Controlling. Aim of controlling, recent developments. Main attributes of institutionalization and applying of controlling in a corporation with emphasis put on initial project auditing. Feedback as a tool for controlling. 7. Methods and tools of managerial accounting and controlling. 8. Financial and cost accounting. System of planning and budgeting in corporate controlling. Managerial information system, analysis, reporting. 9. Cost controlling. The system of cost calculation in corporate management. Principles of cost allocation, traditional and advanced methods of calculation. Managerial income statement. Price decision-making. 10. Recent development in the field of economic and financial management of corporations. Interdisciplinarity, environmental managerial accounting, social responsibility, sustainable development. 11. Financial management and international finance. Forex, forward market, futures, options in corporate finance. Foreign exchange rate exposure and risk.Foreign investments. Financing on international financial markets.

Learning activities and teaching methods
unspecified
Learning outcomes
The goal of the course is to present advanced topics and knowledge in the field of corporate financial management reflecting the recent development in the field. Corporate economy and finance are a result of multifactorial effects of the internal and external environment of a corporation. To provide an unbiased view of corporate finance, its development, financial managers decision-making, multidisciplinary approach and use of methods and tools of business economy, financial and managerial accounting, controlling at the operational, tactical and strategical levels. Details knowledge of managerial accounting and controlling, efficiency factors and decision making an impact on corporate value creation is necessary. Further, the knowledge of the state of the art research in the field obtained by studying and reviewing recent research papers is required. A review of the literature moderated by the teacher provides a good basis to understand and cope with model cases in financial management innovatively and effectively.

Prerequisites
A graduate of the "Financial management of a company" doctoral study is expected to have the following knowledge and skills: 1. were based on durable up-to-date and latest knowledge regarding the management of corporate finances; 2. were built on the foundations of the "research - teaching - practice" triad, including the use of empirical mathematical-statistical approaches to finance and the skill of combining these attributes into one whole; 3. they had a comprehensive insight in relation to corporate finance, requiring a multidisciplinary profile, enabling them to understand the merits of accepting different angles of view on the same problem. The ability to communicate and effectively present the results of their research work is also required from a graduate of doctoral studies, as an adept for scientific research. Therefore, one of the forms of pedagogical work will be the presentation and defense of solved model situations from the field of financial management of the company.

Assessment methods and criteria
unspecified
Requirements to be fulfilled before the exam: Research essay on a selected topic of the minimum length of 30 pages. The topics must be consulted with the teacher in advance with the guarantee of the course. It is recommended to reflect the topic of dissertation theses when selecting the topic of the essay. The essay should present its research results at least on 25% of pages. Exam requirements: The exam is oral consisting of a presentation and discussion of the research essay and testing the knowledge of topics stated in the course content. It is strongly recommended that the presented essay contains its own research results.
Recommended literature
  • Bell, Adrian R.; Brooks, Chris,; Prokopczuk, Marcel. Handbook of research methods and applications in empirical finance. Cheltenham, UK ; Northampton, MA : Edward Elgar, 2013. ISBN 978-0-85793-608-0.
  • Brigham, E. F., & Daves, P. R. Intermediate financial management (12th edition).. Melbourne: Cengage Learning, 2016.
  • Claus, Iris, and Leo Krippner. Contemporary Topics in Finance: A Collection of Literature Surveys IN Journal of Economic Surveys. 2018.
  • Copeland, T. E., Weston, J. F. & Kuldeep, S. Financial Theory and Corporate Policy.. Melbourne: Pearson New International, 2013.
  • Durčáková, J., Mandel, M. Mezinárodní finance. Praha: Management Press, 2010. ISBN 978-80-7261-221-5.
  • Fotr, J., & Švecová, L. Manažerské rozhodování: Postupy, metody a nástroje. Praha: Ekopress, 2016.
  • Grünwald, R., Holečková, J. Finanční analýza a plánování podniku. Praha: Ekopress, 2009.
  • Gurčík, Ľ. Podnikateľská analýza a kontroling.. Nitra: SPU, 2018.
  • Habib, A., Costa, M. D., Huang, H. J., Bhuiyan, Md. B. U., & Sun, L. Determinants and consequences of financial distress: Review of the empirical literature.. Accounting & Finance., 2018.
  • Hindls, R. Statistika pro ekonomy.. Praha: Professional Publishing., 2007.
  • Mařík, M. Metody oceňování podniku pro pokročilé: Hlubší pohled na vybrané problémy.. Praha: Ekopress, 2018.
  • Prasad, P., Narayanasamy, S., Paul, S., Chattopadhyay, S., & Saravanan, P. Review Of Literature On Working Capital Management And Future Research Agenda. Journal of Economic Surveys, doi: 10.1111/joes.12299. 2019.
  • Shapiro, A. C., & Hanouna, P. Multinational financial management (Eleventh edition).. Hoboken, NJ: Wiley., 2020.
  • SYNEK, M. - KISLINGEROVÁ, E. Podniková ekonomika.. Praha: C.H. Beck, 2015.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
UNIVERSITY OF SOUTH BOHEMIA IN ČESKÉ BUDĚJOVICE, date of update: 23.04.2024 23:50. Data created for academic year 2023/2024