| Course title | SFE Economics and Corporate Finance |
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| Course code | KEN/SZEFP |
| Organizational form of instruction | no contact |
| Level of course | Master |
| Year of study | 2 |
| Semester | Winter and summer |
| Number of ECTS credits | 0 |
| Language of instruction | Czech |
| Status of course | Compulsory |
| Form of instruction | Face-to-face |
| Work placements | This is not an internship |
| Recommended optional programme components | None |
| Lecturer(s) |
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| Course content |
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1. FINANCIAL ANALYSIS AND FINANCIAL PLANNING Introduction to financial analysis, basic methods, absolute indicators, ratio indicators, parallel and pyramid systems. The essence of financial planning, classification of financial plans according to time, models of financial planning and the capital requirement of the enterprise. Rating, scoring, benchmarking. 2. WORKING CAPITAL MANAGEMENT Cash cycle, role of working capital, optimal volume of working capital, analysis of working capital needs, causal relationship of working capital and enterprise value. 3. SECURITIES Types of securities, bonds, basic bond valuation methods, bond issues, stocks, stock valuation methods, technical, fundamental, psychological analysis, theory of efficient markets, stock indices, financial derivatives. 4. CRISIS AND COMPANIES' DECLINE, RESTRUCTURING AND REORGANIZATION Life cycle of the company, crisis - definition of bankruptcy (inability to meet monetary obligations), over-indebtedness. Insolvency proceedings. Reorganization - moratorium, bankruptcy. Restructuring and its essence. 5. MERGER AND ACQUISITION Motives of mergers and acquisitions, types of mergers and acquisitions, mergers and acquisitions as a form of business development, mergers and acquisitions as a form of restructuring, hostile takeover, leveraged buyout. 6. EVALUATION OF INVESTMENT PROJECTS Planning cash flows of investment projects and ways of defining them. Cost, profit and revenue criteria for project selection. The influence of taxes, interest and inflation on investment decisions. 7. RISK AND ITS MEASUREMENT The effect of risk on the time value of money. Application of risk in investment decision making. Financial investment of the company. Collective investment and mutual funds. 8. SOURCES OF BUSINESS FINANCING AND COST OF CAPITAL Internal and external resources. Own and foreign resources. 9. OPTIMAL CAPITAL STRUCTURE The theory of MM. KS indifference point. Financial leverage, operating leverage, total leverage - influence on the optimal capital structure. 10. BUSINESS VALUATION Income, comparative and equity methods.
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| Learning activities and teaching methods |
| unspecified |
| Learning outcomes |
| Prerequisites |
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unspecified
KEN/CMAEK ----- or ----- KEN/MANEK and KUF/CFNP2 ----- or ----- KUF/FNP2 |
| Assessment methods and criteria |
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unspecified
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| Recommended literature |
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| Study plans that include the course |
| Faculty | Study plan (Version) | Category of Branch/Specialization | Recommended semester |
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