Study programmes / B-EPA Economic policy and administration / Business Finance
Course code:PNF
Course title in language of instruction:Podnikové finance
Course title in Czech:Podnikové finance
Course title in English:Business Finance
Mode of completion and number of credits:Exam (5 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes:full-time, 2/2; part-time, 16/0
(full-time, hours of lectures per week / hours of seminars per week; part-time, lectures per period / seminars per period)
Language of instruction:Czech
Level of course:bachelor
Semester:SS 2018/2019 - FBE
Name of lecturer:doc. Ing. Daniela Špirková, PhD. (supervisor)
Prerequisites:not Final Bachelor Exam
Aims of the course:The student will obtain basic knowledge of corporate finance, including the basis of financial management and decision making. The aim of the subject is to learn to read and interpret corporate finance data, based on them to prepare the basis for decision making in corporate finance. The students will be also able to assess and optimize the overall financial situation of a company and its partial components.
Course contents:
1.Introduction to business finance. (allowance 2/2)
a.Role of financial management.
b.Financial objectives of a company and hierarchy of financial objectives.
c.Financing rules.

2.Information for financial management Company assets and liabilities. (allowance 4/2)
a.Structure of assets and liabilities.
b.Profit/loss recording.
c.Cash-flow, methods of calculation.
d.External sources.

3.Sources and forms of short-term financing. (allowance 2/2)
a.Short-term financing, business loans.
b.Short-term bank loans, other short-term liabilities.

4.Long-term financing. (allowance 4/2)
a.Depreciation and other form of internal financing.
b.Risk capital.
c.Other sources of external financing, lease, subsidy.

5.Current assets management. (allowance 4/6)
a.Structure and extent, optimal value.
b.Stock, loan, credit and cash management.
c.Current assets and liquidity.

6.Financial analysis. (allowance 4/6)
a.Indicatiors of rentability, liquidity, turn-over, indebtness and firm value.
b.Interpretation of financial indicators, financial health.
c.Systems of financial indicators.

7.Financial planning. (allowance 2/0)
a.Financial aims, financial process.
b.Long-term and short-term financial planning.

8.Capital and investment decision making. (allowance 2/4)
a.Financial criteria of investment.
b.Risk analysis.
c.Investment life-cycle

9.Special forms of financing, financing during firm life-cycle. (allowance 2/2)
10.Firm set-up and start-up costing and planned accounting statements. (allowance 2/2)

Learning outcomes and competences:
Generic competences:
-ability to analyse and synthesize
-ability to apply knowledge
-ability to make decisions
-basic computing skills
-professional knowledge
-skilled at utilizing and processing information

Specific competences:
-Student is able to apply the methods of financial analysis.
-Student is able to apply the methods of investment effectiveness evaluation.
-Student is able to describe basic principles of corporate finance.
-Student knows the specifics of different legal forms of business entity.

Type of course unit:required
Year of study:Not applicable - the subject could be chosen at anytime during the course of the programme.
Work placement:There is no compulsory work placement in the course unit.
Recommended study modules:none
Assessment methods:The assessment in the course of educational part of semester is based on two written tests. To pass the assessment, a student shall gain at least 25 points in total of 50 points available.

A student shall write the in-the-course tests in seminars he is enrolled in. Substitutive terms for written tests (only for students excused properly according to the study and examination rules) will take place 1-2 weeks after the regular ones.

If a student fails in gaining at least 25 points in sum from both in the course written tests, he can twice re-sit the written test. The terms of re-sit will take place in the beginning of examination part of semester. The re-sit covers all seminar topics. A student is required obtain at least half of 50 points available to pass a resit. Passing a re-sit, a student gains always 25 points no matter to the really obtained points.

The exam has written form. Ordinarily a student shall answer open questions, solve the tasks by reasoning or interpreting data, deal with exercises and handle similar tasks. A student shall apply for the exam thought University information system only after obtaining the in-the-course assessment.

To pass the exam, a student shall obtain at least 25 points of 50 points available. Obtaining only 20-24 points, a student can take part in supplementary oral examination to determine the final grade. Obtaining 19 points or less, a student fails the exam.

The final grade depends on sum of points obtained within in-the-course assessment and points obtained at written exam in the following way: A=100-85, B=85-75, C=74-65, D=64-55, E=54-50.

For a part-time student, there is no assessment in the course of educational part of the semester. To determine the final grade, a number of points obtained at written exam is doubled.
Learning activities and study load (hours of study load)
Type of teaching methodDaily attendanceCombined form
Direct teaching
     lecture28 h16 h
     practice28 h0 h
     preparation for exam40 h124 h
     preparation for regular testing44 h0 h
Total140 h140 h

Basic reading list
  • KALOUDA, F. Finanční analýza a řízení podniku. Plzeň: Vydavatelství a nakladatelství Aleš Čeněk, 2016. ISBN 978-80-7380-591-3.
  • MAREŠ, D. Nové trendy ve financích a ekonomice. 1st ed. Wolters Kluwer, 2017. 217 p. ISBN 978-80-7552-920-6.
  • KNÁPKOVÁ, A. -- PAVELKOVÁ, D. -- REMEŠ, D. -- ŠTEKER, K. Finanční analýza: komplexní průvodce s příklady. 3rd ed. Grada Publishing, 2017. 228 p. Prosperita firmy. ISBN 978-80-271-0563-2.
Recommended reading list
  • KRECHOVSKÁ, M. -- HRDÝ, M. Podnikové finance v teorii a praxi. Praha: Wolters Kluwer, 2013. 267 p. ISBN 978-80-7478-011-0.
  • BŘEZINOVÁ, H. Rozumíme účetní závěrce podnikatelů. 2nd ed. Wolters Kluwer, 2017. 213 p. Účetnictví. ISBN 978-80-7552-603-8.
  • BERK, J B. -- DEMARZO, P M. Corporate finance. 1104 p. Pearson series in finance. ISBN 978-0-273-79202-4.