BPF_AFMA Financial Management

Ekonomicko-správní fakulta
podzim 2022
2/2/0. 6 kr. Ukončení: zk.
Oleg Deev, Ph.D. (přednášející)
Alla Kachur (přednášející)
prof. Ing. Štefan Lyócsa, PhD. (přednášející)
Alla Kachur (cvičící)
prof. Ing. Štefan Lyócsa, PhD. (cvičící)
prof. Ing. Štefan Lyócsa, PhD.
Katedra financí - Ekonomicko-správní fakulta
Kontaktní osoba: Mgr. Jana Nesvadbová
Dodavatelské pracoviště: Katedra financí - Ekonomicko-správní fakulta
Čt 12:00–13:50 S305, kromě Čt 15. 9., kromě Čt 3. 11.
  • Rozvrh seminárních/paralelních skupin:
BPF_AFMA/01: Čt 14:00–15:50 S305, kromě Čt 15. 9., kromě Čt 3. 11., O. Deev, Š. Lyócsa
The use of calculators (preferably the use of own personal laptops with spreadsheet program) is strongly encouraged on seminars.
Omezení zápisu do předmětu
Předmět je nabízen i studentům mimo mateřské obory.
Předmět si smí zapsat nejvýše 24 stud.
Momentální stav registrace a zápisu: zapsáno: 14/24, pouze zareg.: 0/24, pouze zareg. s předností (mateřské obory): 0/24
Mateřské obory/plány
Cíle předmětu
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.
  • Introduction
  • 1. Introduction to Financial Management. Financial management as a scientific discipline. Corporate life cycle. Objectives of a corporation. Financial Markets. Financial Securities. Cost of money.
  • 2. Introduction to Financial Statements. Value of the Firms. Financial Statements. The Balance Sheet. The Income Statement. Statement of Stockholder’s Equity. Statement of Cash Flow.
  • 3. Introduction to Financial Analysis. Financial Analysis. Liquidity Ratios. Asset Management Ratios. Debt Management Ratios. Profitability Ratios. Market Value Ratios. Du Pont Equation.
  • Valuation
  • 4. Time Value of Money. Irregular payments. Compounding periods. Amortized loans.
  • 5. Debt instruments (Bonds). Time Value of Money. Annuities. Perpetuity and Irregular Payments. Amortized loans. Determinants of interest rates.
  • 6. Risk-return on investments. Expected returns. Risk.
  • 7. Cost of Capital. WACC I. Cost of Debt. Cost of preferred stocks. Cost of equity. WACC II.
  • 8. Capital budgeting I. Evaluating investment proposals.
  • 9. Capital budgeting II. Estimation of project’s cash-flows. Scenario and sensitivity analysis. Real options.
  • Financing
  • 10. Distribution to shareholders. Theories of investor’s distribution preferences. Clientele effect. Signaling hypothesis. Residual distribution model. Dividends vs. stock re-purchase.
  • 11. Capital Structure Decisions. Central issues in capital structure management. Capital structure theories.
  • Further topics in financial management
  • 12. Working capital management. Current Assets & Financing. Cash conversion cycle. Monthly cash budget. Inventory & receivables management.
  • 13. Lease Financing. Reasons for lease arrangements. Types of lease contracts. Tax effects. Evaluating lease contracts – lessee’s perspective.
    povinná literatura
  • 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
  • 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
  • BRIGHAM, Eugene F. a Louis C. GAPENSKI. Intermediate financial management. 4. ed. Philadelphia: Dryden Press, 1993. xxvii, 112. ISBN 0030754828. info
Výukové metody
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.
Metody hodnocení
Claims for exam: 85% participation of seminars (i.e. absence at max 2 seminars is allowed).
Grading is in accordance with the internal guidelines of the Faculty of Economics and Administration of Masaryk’s University and is based on midterm I (20%), midterm II (20%), and final exam (60%). Points from exams are accumulated.
Tests contain theoretical (questions) and practical part (exercises). Final exam is a written exam.
Attention! Final grade scale is following:
100 - 92 % - A
91 - 84 % - B
83 - 76 % - C
75 - 68 % - D
67 - 60 % - E
less than 60 % - F
Vyučovací jazyk
Informace učitele
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
Studijní materiály
Předmět je vyučován každoročně.
Předmět je zařazen také v obdobích podzim 2017, podzim 2018, podzim 2019, podzim 2020, podzim 2021.
  • Statistika zápisu (nejnovější)
  • Permalink: https://is.muni.cz/predmet/econ/podzim2022/BPF_AFMA