MPH_FMAN Financial Management

Faculty of Economics and Administration
Spring 2021
Extent and Intensity
1/2/0. 5 credit(s). Type of Completion: k (colloquium).
Teacher(s)
doc. Ing. Bc. Petr Suchánek, Ph.D. (lecturer)
Mgr. Ing. Milan Sedláček, Ph.D. (seminar tutor)
Ing. Viliam Záthurecký, MBA, Ph.D. (seminar tutor)
Guaranteed by
doc. Ing. Bc. Petr Suchánek, Ph.D.
Department of Business Management – Faculty of Economics and Administration
Contact Person: Vlasta Radová
Supplier department: Department of Business Management – Faculty of Economics and Administration
Timetable
each even Tuesday 16:00–17:50 P106
  • Timetable of Seminar Groups:
MPH_FMAN/01: Tue 8:00–9:50 P102, P. Suchánek
MPH_FMAN/02: Fri 10:00–11:50 P201, V. Záthurecký
MPH_FMAN/03: Mon 8:00–9:50 P302a, M. Sedláček
MPH_FMAN/04: Thu 12:00–13:50 P403, V. Záthurecký
Course Enrolment Limitations
The course is only offered to the students of the study fields 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
  • Seminars:
  • 1. Students will repeat the basics and principles of economic analysis, including analysis of external and internal environment, SWOT analysis, benchmarking and multicriterial evaluation of variants
  • 2. Students on a selected company will make a vertical and horizontal analysis of the balance sheet and the profit and loss statement and will discuss their results with the teacher.
  • 3. Students on a selected company will make analyze selected ratios from selected areas and discuss their results with teacher, including justification for the selection of relevant indicators.
  • 4. Students on a selected company will make analysis of financial and operational leverage, including pyramidal analysis, and will discuss their results with the teacher.
  • 5. Students on a selected company will make calculating the EVA indicator and discussing the results with the teacher, including the explanation for choosing the appropriate EVA indicator design method.
  • 6. Students on a selected company will make calculating the selected credit or bankruptcy model, and discussing the results with the teacher, including the explanation for choosing a particular model.
  • 7. Students on a selected company will make the analysis of the external environment of the company using the selected method and will discuss their results with the teacher including the justification of the chosen method.
  • 8. Students on a selected company will make the analysis of the internal environment of the company using the selected method and will discuss their results with the teacher including the justification of the chosen method.
  • 9. Students on a selected company will make benchmarking, including the use of the multi-criterion evaluation method, and discussing the results with the teacher.
  • 10. Students on a selected company will put a SWOT matrix together and sets the company's next strategy with respect to its financial side. The results will be discussed with the teacher.
  • 11.-13. Presentation of the seminar paper.
Literature
    required literature
  • SUCHÁNEK, Petr. Finanční management. Distanční studijní opora. 2. přepracované vyd. Brno: Masarykova univerzita, 2019. 139 s.
    recommended literature
  • KISLINGEROVÁ, Eva and Jiří HNILICA. Finanční analýza : krok za krokem. 2. vyd. Praha: C.H. Beck, 2008, xiii, 135. ISBN 9788071797135. info
  • SEDLÁČEK, Jaroslav. Účetní data v rukou manažera (The accounting dates in the hand of manager). 2. doplněné vydání. Praha: Computer Press, 2001, 220 pp. business books. ISBN 80-7226-562-8. 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). 2nd ed. Brno: Masarykova univerzita, 2010, 136 pp. ISBN 978-80-210-5412-7. info
Teaching methods
Education proceeds as lectures and seminars while the lectures discuss the basic problem circuits that are then applied to the seminars. At the seminars, the students prepare individual themes prepared at the selected company, present their partial results and they discuss with other students and teacher. At the end of the semester they present and defend the results of their work.
Assessment methods
The course takes form of seminars in which students analyse data of a selected company. The results of their analysis will be used at the colloquium, where students will debate the economic situation of the company, its causes and proposed solutions.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
Study Materials
The course is taught annually.
Listed among pre-requisites of other courses
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 2020, Spring 2022, Spring 2023, Spring 2024.
  • Enrolment Statistics (Spring 2021, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2021/MPH_FMAN