Study programmes / C-TIMS Timber Structures and Wood Building Construction / Financial Management
Course code:FRIZ
Course title in language of instruction:Finanční řízení
Course title in Czech:Finanční řízení
Course title in English:Financial Management
Mode of completion and number of credits:Exam (4 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes:full-time, 2/2
(full-time, hours of lectures per week / hours of seminars per week)
Language of instruction:Czech
Level of course:master; master continuing
Semester:SS 2018/2019 - FFWT
Name of lecturer:Ing. David Březina, Ph.D. (examiner, instructor, lecturer, supervisor)
Prerequisites:State Bachelor Examination
 
Aims of the course:The aim of the course is to acquaint students with topics focusing on managerial finance companies in the furniture industry specified in the subject content. Provide and explain to students the theoretical background, including the development of skills leading to the practical application of the knowledge and verification of the solved case studies.

Subject is upgraded within the OP VK "Cross-sectional innovation of study programs of Forestry and Wood Technology Mendel University in Brno with regard to the discipline common basis" CZ. 1.07/2.2/00/28.0021.
Course contents:
1.Introduction to corporate financial management (allowance 2/2)
 
a.Objectives and principles of financial management
b.The genesis of corporate finance
c.Relationship of corporate financial management to other economic disciplines
d.The types and stages of financial decision-making venture
e.Topic exercise: Orientation in financial and management accounting

2.Accounting - Basic information source (allowance 2/2)
 
a.Accounting systems and generally accepted accounting principles
b.Legislation, accounting harmonization in the EU, IFRS, GAAP
c.Outputs accounting for financial management, annual report
d.The effect of accounting operations and financial decisions
e.Topic exercise: optimization of the capital structure

3.Financial analysis - fundamentals of financial management (allowance 2/2)
 
a.The role of financial analysis in corporate financial management
b.Ratios and comparative analysis
c.The added value as an indicator of business growth
d.Pyramidal system of indicators, identifiers financial health
e.Topic exercise: Financial Analysis - Applications ratios

4.The time factor and risk in financial decision making (allowance 2/2)
 
a.Time value of money
b.Present value of specific types of cash flows, real interest
c.The concept and various types of risk
d.Risk measurement
e.Topic Exercise: Time Value of Money

5.Financial aspects of business creation (allowance 2/2)
 
a.Joint-stock companies
b.The financial structure of the company - the content
c.The level of debt the company and the optimal financial structure
d.The importance of cash flow in corporate financial management, methods of calculating cash flow
e.Topic Exercise: Cash Flow

6.Working capital management (allowance 2/2)
 
a.Inventory management
b.Receivables management, debt collection
c.Cash management, payment methods
d.Determining the optimal level of current assets
e.Topic Exercise: Debt management

7.Methods of payment, securities and financial markets (allowance 2/2)
 
a.Methods, procedures and forms of payment
b.Types of securities and capital markets
c.Topic Exercise: Introduction to Business Valuation

8.Insurance claims, EGAP (allowance 2/2)
 
a.Insurance claims
b.Export Guarantee and Insurance Company EGAP
c.Topic Exercise: enterprise application for a bank loan

9.Capital planning and investment decisions (allowance 2/2)
 
a.Depreciation as an internal source of financing
b.Corporate earnings and its growth factors
c.External sources of long term financing
d.lease financing
e.Topic Exercise 9 and 10: Evaluation of economic efficiency of the investment project

10.Business management in financial distress (allowance 2/2)
 
a.Prediction of financial distress
b.Rehabilitation and Dissolution of a company
c.The course of the insolvency proceedings
d.Topic Exercise 9 and 10: Evaluation of economic efficiency of the investment project

11.Financial planning and control (allowance 2/2)
 
a.Objectives and concepts of the financial plan
b.Long-term financial plan
c.Short-term financial plans, operating cash flow
d.Use of Controlling and Auditing in Financial Management
e.Topic Exercise: Financial Planning - Budget

12.Banks and Enterprise (allowance 2/2)
 
a.Information flows venture - Bank
b.Loans as a financial category
c.Topic Exercise: Presentation of semester work

13.Discussion topic (allowance 2/2)
 
a.Discussion of the current financial topics
b.Credit test

Learning outcomes and competences:
Generic competences:
 
-ability to analyse and synthesize
-ability to apply knowledge
-ability to organize and plan ahead
-ability to work independently
-professional knowledge
-skilled at utilizing and processing information

Specific competences:
 
-Competences for financial decision making
-he ability of the economic evaluation of investments
-Knowledge of financial mathematics
-The ability of financial planning
-The ability of making the financial analysis

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 course is taught 13 weeks.
85% mandatory attendance at seminars. For one attendance are awarded 4 points. In the automatic evaluation system to reach at least 44 points from a maximum of 52 points.
A written test of 30 minutes. Number of questions 15, of which 10 per 1 point of theoretical and 5 practical calculations for 2 points. The test evaluation reach at least 10 points from a maximum of 20 points.
Term paper and presentation of 15 minutes on a selected topic. Work is processed in groups of 3-4 students. The paper evaluation reach at least 26 points from a maximum 40 points.
For the credit must obtain at least 80 points from 107th. Compliance with the conditions credit accounts for 50% of the total evaluation.
 Oral exam of 30 minutes. Oral answer to 2 issues from the total number of 35th Without the written preparation. The test comprises 50% of the total evaluation.
 
Learning activities and study load (hours of study load)
Type of teaching methodDaily attendance
Direct teaching
     lecture26 h
     practice26 h
     seminar2 h
     public presentation (oral)2 h
Self-study
     preparation for exam24 h
     preparation for regular testing20 h
     preparation of presentation2 h
     writing of seminar paper10 h
Total112 h

Basic reading list
  • ŠAFAŘÍK, D. -- HLAVÁČKOVÁ, P. Finanční řízení podniku. 1st ed. 127 p. ISBN 978-80-7509-266-3.
  • ČIŽINSKÁ, R. -- MARINIČ, P. Finanční řízení podniku: moderní metody a trendy. 1st ed. Praha: Grada, 2010. 204 p. Prosperita firmy. ISBN 978-80-247-3158-2.
  • KISLINGEROVÁ, E. et al. Manažerské finance. 3rd ed. C.H. Beck, 2010. 811 p. Beckova edice ekonomie. ISBN 978-80-7400-194-9.
  • SYNEK, M. Manažerská ekonomika. Praha: Grada, 2011. 480 p. ISBN 978-80-247-3494-1.
  • FOTR, J. -- SOUČEK, I. Investiční rozhodování a řízení projektů: jak připravovat, financovat a hodnotit projekty, řídit jejich riziko a vytvářet portfolio projektů. 1st ed. Praha: Grada, 2011. 408 p. Expert. ISBN 978-80-247-3293-0.
Recommended reading list
  • POLOUČEK, S. et al. Bankovnictví. 1st ed. V Praze: C.H. Beck, 2006. 716 p. ISBN 80-7179-462-7.
  • DVOŘÁKOVÁ, D. Finanční účetnictví a výkaznictví podle mezinárodních standardů IFRS . 3. vyd. Brno: Computer Press, 2011. 344 p. ISBN 978-80-251-3652-2.