MKH_FMAN Financial Management

Faculty of Economics and Administration
Spring 2020
Extent and Intensity
13/0/0. 5 credit(s). Type of Completion: k (colloquium).
Teacher(s)
doc. Ing. Bc. Petr Suchánek, Ph.D. (lecturer)
Guaranteed by
doc. Ing. Bc. Petr Suchánek, Ph.D.
Department of Corporate Economy - Faculty of Economics and Administration
Contact Person: Vlasta Radová
Supplier department: Department of Corporate Economy - Faculty of Economics and Administration
Timetable
Fri 6. 3. 16:00–19:50 P101, Fri 3. 4. 16:00–19:50 P101
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The aim of the course is to teach students to apply analytical tools of financial management with an emphasis on management of the enterprise. These tools enable them to analyze the enterprise financially and to create a foundation for financial management and decision-making in an enterprise. Students should, in practical terms, get to know possibilities and limits of the financial statements analysis and should be able to independently assess the financial situation of the company. Students should gain knowledge and skills important for a knowledge and globalized society. In the framework of further external and internal environmental analyzes, they should be able to include the financial analysis of the enterprise in their wider context, including taking into account competing enterprises (benchmark). Based on the SWOT analysis, they should then propose an optimal business strategy with an emphasis on its financial side.
Learning outcomes
The course should result in the ability of students to:
- analyse the financial statements,
- know how to compile assessment indicators of a company (in financial terms),
- assemble various of indicators from selected areas of the company,
- know what the alternative costs are and how to calculate them,
- know what the pyramidal analysis is and how it is compiled,
- understand reputable and bankruptcy models including ability to calculate and evaluate them independently,
- know how to make a comprehensive assessment of the company's situation (with an emphasis on the financial situation)
- to be able to analyze the external and internal environment of the enterprise in the financial context
- to be able to benchmark the enterprise
- to be able to create a business strategy with an emphasis on its financial side.
Syllabus
  • Lectures:
  • 1. Introduction to the course, definition of fundamental terms, statements and methods used – defining the content of the course, conditions required to obtain colloquium – What is financial management and financial analysis, their application and limitation.
  • 2. Vertical and Horizontal Analysis of the Balance Sheet and the Profit and Loss Statement. Students will gain experience with the vertical and horizontal analysis of the balance sheet and profit and loss statement (basis, time perspective), the strengths and weaknesses of both analyzes, including the analysis of the causes and consequences
  • 3. Ratios (profitability, cash flow, liquidity, activity, debt and capital market). On the model example, students will gain experience with the construction of relevant indicators, various alternatives of constructions, interrelations and reporting ability of indicators, their strengths and weaknesses, including the analysis of the causes and consequences
  • 4. Financial and operational leverage in the enterprise, pyramidal analysis. Students will gain experience with the financial and operating leverage, its design and impact on the performance of the business, including the strengths and weaknesses of both levers. On the model example, students will be introduced to the pyramidal analysis of DuPont and other pyramidal analyses, including their predictive abilities, strengths and weaknesses
  • 5. Alternative cost and EVA indicator. Students will gain experience with the definition and problems of construction alternative capital costs, average weighted cost of capital (WACC), their construction using the CAPM model and the modular formulas as well as the EVA and its design. Differences between the two calculations will be analyzed, including impacts on the EVA indicator, their reporting ability, including the analysis of causes and consequences
  • 6. Credit and bankruptcy models, rating and scoring. Students will gain experience on the model example with an overview of selected credit and bankruptcy models, scoring and rating. It will be analyzed the strengths and weaknesses of these models, including their causes and consequences
  • WCT
  • In the framework of WCT, students prepare a complex economic analysis of the company, analysis of the external and internal environment (including financial analysis), benchmarking (using statistical methods), SWOT analysis and design of the company strategy (taking into account the financial aspects of the company).
Literature
    required literature
  • SUCHÁNEK, Petr. Finanční management. Vyd. 1. Brno: Masarykova univerzita, 2007. 127 s. ISBN 9788021042773. info
    recommended literature
  • KISLINGEROVÁ, Eva and Jiří HNILICA. Finanční analýza : krok za krokem. Vyd. 1. Praha: C.H. Beck, 2005. xiii, 137. ISBN 8071793213. info
  • SEDLÁČEK, Jaroslav. Účetní data v rukou manažera : finanční analýza v řízení firmy. 2. doplněné vyd. Brno: Computer Press, 2001. 220 s. ISBN 8072265628. info
  • BRIGHAM, Eugene F., Michael C. EHRHARDT and Roland FOX. Financial management : theory & practice. EMEA edition. Hampshire: Cengage Learning, 2016. xiv, 622. ISBN 9781473729605. info
  • SUCHÁNEK, Petr. Podnikohospodářská analýza (The analyse of business economy). 2. vyd. Brno: Masarykova univerzita, 2010. 136 pp. ISBN 978-80-210-5412-7. info
Teaching methods
Education proceeds as tutorials where students acquaint in the form of lectiures with discussed topics. Whole seminar work (WCT) is praktical economic analysis of chocen company, that students learn to do in practis. Conclusions of their own work students advocated by the colloquium.
Assessment methods
Within the course the students pass a continuous on-line test, which verifies the knowledges and skills acquired in tutorials (lectures). Students will also continuously work on the seminar paper, which they will present as part of the course completion at the colloquium. Successful managing of the online test is an integral part of the colloquium. The test contains 20 questions, 4 variants of answers, and 1 answer is correct. For each correct answer is 1 point, for bad answer the points are not deducted. A score of 12 points is required to successfully complete the on-line test.
Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.
Language of instruction
Czech
Follow-Up Courses
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information on the extent and intensity of the course: tutoriál 8h.
The course is also listed under the following terms Spring 2010, Spring 2011, Spring 2012, Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2021.
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