BPF_AFMA Financial Management

Ekonomicko-správní fakulta
podzim 2026
Rozsah
2/2/0. 6 kr. Ukončení: zk.
Vyučováno kontaktně
Vyučující
Andrea Rigamonti, B.Sc., M.Sc., Ph.D. (přednášející)
Andrea Rigamonti, B.Sc., M.Sc., Ph.D. (cvičící)
Garance
Andrea Rigamonti, B.Sc., M.Sc., Ph.D.
Katedra financí – Ekonomicko-správní fakulta
Kontaktní osoba: Kristina Charvátová
Dodavatelské pracoviště: Katedra financí – Ekonomicko-správní fakulta
Předpoklady
The use of calculators (preferably the use of own personal laptops with spreadsheet program) is required during seminars.
Omezení zápisu do předmětu
Předmět je určen pouze studentům mateřských oborů.

Předmět si smí zapsat nejvýše 45 stud.
Momentální stav registrace a zápisu: zapsáno: 0/45, pouze zareg.: 58/45
Mateřské obory/plány
Anotace
The course offers an introductory insight into key topics of financial management. The objective of the course is to develop an understanding about the ideas and methods of valuing investments and companies, and understand the basic challenges of financing firms and their activities (investments). Emphasis is placed on connecting evaluation and financing decisions as the two are closely related.
Výstupy z učení
At the end of this course a student will be able to:
- understand key ideas in valuation and financing decisions;
- calculate the value of an investment;
- value simple bond instruments;
- perform a quantitative and qualitative risk-return analysis;
- understand the concept of opportunity costs and the costs of capital;
- identify environmental factors that influence financing decisions.
Klíčová témata
  • 1. Introduction to the corporation and financial markets.
  • 2. Introduction to financial statements: balance sheet, income statement, statement of stockholder’s equity, statement of cash flows.
  • 3. Introduction to financial statements analysis: profitability ratios, asset management ratios, liquidity ratios, leverage ratios, efficiency ratios, DuPont equation.
  • 4. General evaluation principles. Present value of some common investments. Amortized loans. Investment decisions rules.
  • 5. Interest rates. Valuing bonds.
  • 5. Weighted average cost of capital. Valuing stocks.
  • 6. Returns and risk. Estimation windows. Mean and variance of a portfolio.
  • 7. The CAPM model. Estimation of CAPM parameters.
  • 8. Capital structure in a perfect market. Payout policy.
  • 9. Derivatives. Forwards. Futures. Swaps. Options.
  • 10. Hedging. Hedging with futures. Hedging with forwards. Hedging with options.
  • 11. Leasing.
Studijní zdroje a literatura
    povinná literatura
  • BERK, Jonathan B. a Peter M. DEMARZO. Corporate finance. Sixth edition, Global editio. Harlow, England: Pearson, 2024, 1195 stran. ISBN 9781292446318. info
  • BRIGHAM, Eugene F.; Michael C. EHRHARDT a Roland FOX. Financial management : theory & practice. EMEA edition. Hampshire: Cengage Learning, 2016, xiv, 622. ISBN 9781473729605. info
    doporučená literatura
  • HULL, John. Options, futures, and other derivatives. Global edition. Harlow, England: Pearson, 2022, 880 stran. ISBN 9781292410654. info
  • BREALEY, Richard A.; Stewart C. MYERS a Alan J. MARCUS. Fundamentals of corporate finance. Tenth edition. New York: McGraw-Hill Education, 2020, xxxi, 728. ISBN 9781260566093. info
Přístupy, postupy a metody používané ve výuce
Lectures sketch the key ideas behind important concepts of Financial management. Seminars are oriented towards increasing practical skills needed to value investments, support various types of financing decisions.
Způsob ověření výstupů z učení a požadavky na ukončení
Two mandatory assignments to be done at home will be given to the students and they will contribute to the final grade.
Participation to the seminars is mandatory. Maximum 3 absences are allowed in order to be admitted to the final exam.
Grading is in accordance with the internal guidelines of the Faculty of Economics and Administration of Masaryk’s University and is based on a midterm exam (40%) and final exam (60%). Points from exams are accumulated. Passing the midterm is not mandatory but students who don't will have to be tested on the entire program during the final exam.
The exams are in written form and contain short theoretical questions and exercises.
The final grade scale is the following:
100 - 92 % - A
91 - 84 % - B
83 - 76 % - C
75 - 68 % - D
67 - 60 % - E
less than 60 % - F
Náhradní absolvování
The same above-mentioned requirements for completing the course apply to students studying abroad (e.g., Erasmus) with an individual study plan (ISP), except for the compulsory attendance of seminars. Students are required to contact the lecturer to discuss the activities replacing the seminars attendance.
Vyučovací jazyk
Angličtina
Odkaz a informace vyučujících
Lectures and seminars are not recorded. 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. Students in this course are expected to adhere to the Masaryk University’s high standards of integrity as spelled out in the Disciplinary Code for Students and Directive N.3/2008. Anyone who cheats on tests or exams, will be subject to the penalties set forth in the Code.
Další komentáře
Předmět je vyučován každoročně.
Výuka probíhá každý týden.
Nachází se v prerekvizitách jiných předmětů
Předmět je zařazen také v obdobích podzim 2017, podzim 2018, podzim 2019, podzim 2020, podzim 2021, podzim 2022, podzim 2023, podzim 2024, podzim 2025.
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