Study programmes / C-EM Economics and Management / Firm Performance Assessment
Course code:HVP
Course title in language of instruction:Hodnocení výkonnosti podniku
Course title in Czech:Hodnocení výkonnosti podniku
Course title in English:Firm Performance Assessment
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:SS 2017/2018 - FBE
Name of lecturer:prof. Ing. Miloš Konečný, DrSc. (supervisor)
Prerequisites:Final Bachelor Exam
 
Aims of the course:The aim of the subject is to deepen the knowledge and skills of the
corporate financial management. Content of the subject follows the
knowledge of business economics and finance gained on the the bachelor
level. Students will gain both the practical skills and theoretical
knowledge of modern concepts of business performance measurement as well as
the most commonly used systems of bussiness performance measurement, their
practical use included.
Course contents:
1.The economic performance and value management of a firm. (allowance 2/2)
 
a.Approaches for measuring and managing the performance of a firm.
b.Utilization of conventional approaches of the financial analysis within the firm's management.

2.Modern concepts of firm's performance measurement. (allowance 2/2)
 
a.Methods for determination of EVA
b.Modern approaches to the evaluation of business performance (DCF, CFROI, MVA)

3.Identification of key factors, which have influence on a firm performance. (allowance 4/2)
 
a.Revenues, financial performance, key performance indicators, cost of capital.
b.Pyramid system of indicators (return on equity).

4.Balance Scorecard and management of a firm's performance. (allowance 6/2)
 
a.Financial perspective, Customer perspective, Perspective of internal processes, Perspective of learning and growth
b.Implementation of BSC in financial management

5.Management systems as the tool of business performance measurement (allowance 8/2)
 
a.Background, definition and methods applied in management systems
b.Internal audit.

6.EFQM Model of Excellence and its utilization. (allowance 2/2)
 
a.Characteristic and description of EFQM model.
b.Substance, approaches and methods of self-evaluation.

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 measurement and management of company´s performance.
-Student is able to define the approaches to company´s performance assesment.
-Student is able to identify the key factors influencing company´s performance.
-Student is able to prepare a project of company´s BSC.

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:Study of the subject is finalized with credit and exam. In order to gain
the credit, it is required to prepare team project on economic value added,
its presentation included, active participation at seminars, and passing
the written credit test at required minimum of 60 per cent. The exam is
written. Required minimum for exam is 60 per cent. Final mark consists of
the result of written exam and the team project.
 
Learning activities and study load (hours of study load)
Type of teaching methodDaily attendanceCombined form
Direct teaching
     lecture28 h0 h
     practice14 h0 h
     consultation0 h16 h
Self-study
     preparation for exam28 h64 h
     preparation for regular testing14 h0 h
     preparation of presentation14 h0 h
     writing of seminar paper42 h60 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.
  • KAPLAN, R S. -- NORTON, D P. Balance Scored. Praha: Management Press, 2007. 267 p. ISBN 978-80-7261-177-5.
  • 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.
  • MAŘÍK, M. -- MAŘÍKOVÁ, P. Moderní metody hodnocení výkonnosti a oceňování podniku: ekonomická přidaná hodnota, tržní přidaná hodnota, CF ROI. 2nd ed. Praha: Ekopress, 2005. 164 p. ISBN 80-86119-61-0.
  • KUBÍČKOVÁ, D. -- JINDŘICHOVSKÁ, I. Finanční analýza a hodnocení výkonnosti firmy. Praha: C.H. Beck, 2015. 368 p. ISBN 978-80-7400-538-1.