Study programmes / C-EM Economics and Management / Financial Management
Course code:FRP
Course title in language of instruction:Finanční management
Course title in Czech:Finanční management
Course title in English:Financial Management
Mode of completion and number of credits:Exam (5 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes:full-time, 2/1; 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:master continuing
Semester:WS 2018/2019 - FBE
Name of lecturer:Ing. Vladimír Hajko, Ph.D. (examiner, instructor)
Ing. Marcel Ševela, Ph.D. (examiner, instructor, lecturer, supervisor)
Prerequisites:Final Bachelor Exam
 
Aims of the course:Financial management is one of the most important areas of business activity that systematically affects economic performance and financial health of any company. The aim of the course is to deepen students' knowledge and skills in financial decision-making, in analysing financial problems and in communication during implementation of financial decisions and their coordination. The course is based on students' knowledge obtained from the courses of Business Economics and Business Finance.
Course contents:
1.Company financial management. (allowance 4/0)
 
a.Factors influencing the content of strategic financial management.
b.Content of financial management in company's life cycle stages.
c.Financial objectives of a company.

2.Financial strategies. (allowance 10/5)
 
a.Equity.
b.Debts.
c.Cost of capital and their role in financial decision-making.
d.Capital structure optimization.
e.Dividend policy of a company.

3.Market value of a company. (allowance 2/1)
 
a.Strategic valuation of a company.
b.Financial planning.

4.Investment strategies of a company. (allowance 2/2)
 
a.Fundamentals and principles of investment decision-making
b.Risk in investment decision-making
c.Mergers; forms of cooperation; concentration of capital; exploitation of synergies

5.Management of liquidity. Management of net working capital (allowance 2/2)
 
a.Management of receivables
b.Terms and conditions
c.Credit analysis; determination of credit limits; hedging instruments
d.Collection and recovery of debts; claims in foreign trade

6.Credit management. Discount. Cash management. (allowance 4/2)
 
a.Management of credit lines
b.Discounts
c.Cash management
d.Future contracts; capital needs

7.Prevention of financial crises in a company. (allowance 2/0)
 
a.Management of financial assets and its resources
b.Bankruptcy and credibility models
c.Management of trade policy

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

Specific competences:
 
-Student is able to apply relevant methods of financial managent.
-Student is able to define principles of financial management.
-Student is able to identy the phase of company´s life cycle based on financial characteristics.
-Student is able to select proper analytical tools of company´s financial position and performance determination.

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:Exam is written. It contains multiple choice questions and one open question. For part time students, it contains one calculation as well. Final mark is composed of points for exam and points gained in seminars, respectively gained from the seminar work of part time students.
 
Learning activities and study load (hours of study load)
Type of teaching methodDaily attendanceCombined form
Direct teaching
     lecture28 h16 h
     practice14 h0 h
Self-study
     preparation for exam28 h62 h
     preparation for regular testing28 h0 h
     writing of seminar paper42 h62 h
Total140 h140 h

Basic reading list
  • ARNOLD, G. Corporate financial management. 5th ed. Harlow, England: Pearson, 2013. 992 p. ISBN 978-0-273-75883-9.
  • DLUHOŠOVÁ, D. et al. Finanční řízení a rozhodování podniku: analýza, investování, oceňování, riziko, flexibilita. 3rd ed. Praha: Ekopress, 2010. 225 p. ISBN 978-80-86929-68-2.
  • KISLINGEROVÁ, E. et al. Manažerské finance. 3rd ed. C.H. Beck, 2010. 811 p. Beckova edice ekonomie. ISBN 978-80-7400-194-9.
  • 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.
  • REŽŇÁKOVÁ, M. et al. Řízení platební schopnosti podniku. 1st ed. Praha: Grada, 2010. 191 p. Prosperita firmy. ISBN 978-80-247-3441-5.
  • RŮČKOVÁ, P. -- ROUBÍČKOVÁ, M. Finanční management. 1st ed. Praha: Grada, 2012. 290 p. Finance. ISBN 978-80-247-4047-8.
Recommended reading list
  • KNÁPKOVÁ, A. -- PAVELKOVÁ, D. -- ŠTEKER, K. Finanční analýza: komplexní průvodce s příklady. 2nd ed. Praha: Grada, 2013. 236 p. Prosperita firmy. ISBN 978-80-247-4456-8.
  • ČIŽINSKÁ, R. -- REŽŇÁKOVÁ, M. Mezinárodní kapitálové trhy: zdroj financování. 1st ed. Praha: Grada Publishing, 2007. 222 p. Finance. ISBN 978-80-247-1922-1.
  • REŽŇÁKOVÁ, M. Efektivní financování rozvoje podnikání. 1st ed. Praha: Grada, 2012. 142 p. Finance. ISBN 978-80-247-1835-4.
  • SYNEK, M. Manažerská ekonomika. Praha: Grada, 2011. 480 p. ISBN 978-80-247-3494-1.