FIUBACOF Corporate Finance

School of Business Administration in Karvina
Winter 2026
Extent and Intensity
1/2/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Mgr. Tetiana Konieva, Ph.D. (lecturer)
Mgr. Tetiana Konieva, Ph.D. (seminar tutor)
Guaranteed by
Ing. Tomáš Heryán, Ph.D.
Department of Finance and Accounting – School of Business Administration in Karvina
Contact Person: Ing. Irena Szarowská, Ph.D., MPA
Timetable
Mon 8:05–8:50 A318
  • Timetable of Seminar Groups:
FIUBACOF/01: Mon 8:55–10:30 A318, T. Konieva
Prerequisites
FAKULTA(OPF) && TYP_STUDIA(B) && FORMA(P) && (ROCNIK(2) || ROCNIK(3))
none
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 24 student(s).
Current registration and enrolment status: enrolled: 11/24, only registered: 3/24
fields of study / plans the course is directly associated with
Course objectives
The aim of the course is to introduce students to the basic principles of corporate finance, while also focusing on basic calculations in the time value of money, savings and inflation, and investment risk.  The course provides students with a basic understanding of a company’s operating, investing, and financing activities, including capital structure, the cost of capital, investment appraisal, and the general principles of corporate financial management.
Learning outcomes
Upon successful completion of the course, the student characterizes the advantages and disadvantages of different forms of business organization. The student identifies the structure of annual financial statements. The student determines the positive and negative characteristics of various working capital investment and financing policies. The student explains the concept of the time value of money, including compounding, discounting, and the effective annual interest rate. The student interprets the problem of information asymmetry and the nature of conflicts between managers and shareholders. The student determines the importance of dividend policy and classifies its types. The student prepares the annual financial statements of a company and analyses its financial position. The student identifies equity and debt sources of corporate financing and calculates the weighted average cost of capital. The student calculates the present and future value of cash flows, perpetuities, and annuities, and assesses the impact of inflation on interest rates and the value of money. The student evaluates investment projects using the net present value, internal rate of return, profitability index, and payback period methods. The student determines the value of corporate securities (shares and bonds). The student assesses the impact of different types of dividend policy on corporate activities and financial performance.
Syllabus
1. Corporate Finance Development
Types of business by the organization. The emergence and development of corporations. Corporate finance and financial management. The concept of corporate finance in a market economy. Company goal. Managerial theories of a firm, simple management model, full cost model, behaviorist theories of the firm, and employee theory of the company.

2. Time value of the money
Understanding of time and its impact on money has a crucial role in the modern world. If we are talking about possibilities to compare two particular cash flows in future or how to select the right opportunity to save money against to inflation, the present as well as future values, both have the same importance.

3. Corporate financing
Own and foreign sources, long-term and short-term, their basic characteristics, advantages, and disadvantages. In other words for any company is necessary to finance its activities. Each type of financing, securities such as stocks, bonds, bank loans or a specific type such as accruals, would be beneficial for a company. Annuity cash flows.

4. Evaluation investments
Evaluation aspects. Yield, risk, liquidity. Net present value method. Method of internal rate of return. Profitability index method. Maturity method. Average return method to book value. Advantages and disadvantages of individual methods. Uncertainty. Probability Determination Methods. Risk of an individual asset. Portfolio risk consisting of two assets.

5. Financial management
Types of representative conflicts, representative costs, motivational mechanisms. Information asymmetry. Management models of a joint stock company, Anglo-American model, continental-European model. Types of dividends. Definition of dividend and its breakdown - by type of share to which they are paid, by dividend form, by payout interval.
Literature
    required literature
  • Berk, J. & Demarzo, P. (2017). Corporate Finance, Global Edition. (4 ed.). Essex: Pearson Education.
  • Damodaran, A. (2014). Applied Corporate Finance. (4th ed.). New Jersey: Wiley.
  • Marsh, C. (2012). Finance for non-financial managers. London: Kogan Page
  • Robinson, T. R., Greuning, H., Henry, E., & Broihahn, M. A. (2009). International Financial Statement Analysis. John Wiley & Sons, Inc.
  • Ross, S. A., Westerfield, R. W., Jaffe, J., & Jordan, B. D. (2019). Corporate Finance. (12. ed.). New York, NY: McGraw-Hill Education.
    recommended literature
  • Brealey, R. A., Myers, S. C., & Marcus, A. J. (1995). Fundamentals of Corporate Finance. New York: McGraw-Hill, Inc.
  • Damodaran, A. (2012). Investment valuation: tools and techniques for determining the value of any asset. (3rd ed.). New Jersey: John Wiley & Sons, Inc.
  • Haltofová, P. (2014). Case Studies in Financial Management. Karviná: Slezská univerzita, Obchodně Podnikatelská fakulta.
Teaching methods
lectures, seminars
Assessment methods
Seminar participation, tests, financial analysis assignment, written exam
Language of instruction
English
The course is also listed under the following terms Accreditation winter, Winter 2021, Winter 2022, Summer 2023, Winter 2024, Winter 2025.
  • Enrolment Statistics (recent)
  • Permalink: https://is.slu.cz/course/opf/winter2026/FIUBACOF