Course Details

Financial Management

Academic Year 2023/24

DVB070 course is part of 4 study plans

​ DPC-E Summer Semester 1st year

​ DPA-E Summer Semester 1st year

​ DKC-E Summer Semester 1st year

​ DKA-E Summer Semester 1st year

The course will focus on the presentation of current theoretical trends in corporate finance and its feasibility in practice. The main themes included in the subject teaching will be based on the theory of value management in business finance, i.e. in particular the presentation of approaches to determining the value of an enterprise, the study of mergers and acquisitions, optimisation of capital structure of a company, determination of capital costs, business performance factors and the enterprise's payment risk.

Credits

8 credits

Language of instruction

Czech

Semester

summer

Course Guarantor

prof. Ing. Mária Režňáková, CSc.

Institute

Institute of Structural Economics and Management

Forms and criteria of assessment

examination

Entry Knowledge

Knowledge of business finance at Masters level.

Basic Literature

BRIGHAM, E. F. & M. C. EHRHARDT. Financial Management. Theory and practice. 13. ed. USA: South-Western Cengage Learning, 2011. ISBN 978-1-4390-7810-5. (en)
DAMODARAN, A. Investment valuation: tools and techniques for determining the value of any asset. 3rd Edition. Hoboken, N. J.: Wiley, 2012. 974 s. ISBN 9781118011522. (en)

Recommended Reading

MAŘÍK, M. a kol. Metody oceňování podniku: Proces ocenění, základní metody a postupy. 4. vyd. Praha: Ekopress, 2018. 551 s. ISBN 978-80-87865-38-5. (cs)
REŽŇÁKOVÁ, M. Efektivní financování rozvoje podnikání. Praha: Grada, 2012, 142 s. ISBN 978-80-247-1835-4. (cs)
REŽŇÁKOVÁ, M. a kol. Řízení platební schopnosti podniku. Praha: Grada, 2010. 190 s. ISBN 978-80-247-3441-5. (cs)

Syllabus

1. Approaches to defining financial goals of enterprises from different aspects, including behavioral
2.-3. Measuring and evaluating business performance
4-6. Identify value of businesses and identify value drivers
7.-9. Capital structure of enterprises and their stability, determination of capital costs
10.-11. Efficiency of mergers and acquisitions and their measurement
12.-13. Business Stability Management and Bankruptcy Prediction.

Prerequisites

Knowledge of business finance at Masters level.

Specification of controlled instruction, the form of instruction, and the form of compensation of the absences

Extent and forms are specified by guarantor’s regulation updated for every academic year.

Offered to foreign students

Not to offer

Course on BUT site

https://www.vut.cz/en/students/courses/detail/271762

Lecture

13 weeks, 3 hours/week, elective

Syllabus

1. Corporate financial goals from a variety of perspectives, including behavioral.

2.-3. Measuring and evaluating business performance

4-6. Businesses valuation and value drivers identification

7.-9. Capital structure, costs of capital

10.-11. Mergers and acquisitions efficiency

12.-13. Debt financing, solvency management and bankruptcy prediction.