OPF:FIUNKFPR Financial Planning and Budgeti - Course Information

FIUNKFPR Financial Planning and Budgeting

Extent and Intensity

12/0/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Petra Růčková, Ph.D. (lecturer)
Mgr. Tetiana Konieva, Ph.D. (assistant)

Guaranteed by

doc. Ing. Petra Růčková, Ph.D.
Department of Finance and Accounting – School of Business Administration in Karvina
Contact Person: Ing. Irena Szarowská, Ph.D., MPA

Timetable of Seminar Groups

FIUNKFPR/01: Fri 13. 10. 9:45–11:20 B308, Fri 10. 11. 9:45–11:20 B308, Fri 8. 12. 9:45–11:20 B308, P. Růčková
FIUNKFPR/02: Fri 6. 10. 9:45–11:20 B308, Fri 3. 11. 9:45–11:20 B308, Fri 1. 12. 9:45–11:20 B308, P. Růčková

Prerequisites (in Czech)

FAKULTA(OPF) && TYP_STUDIA(N) && FORMA(K)
K absolvování předmětu nejsou vyžadovány žádné podmínky a předmět může být zapsán nezávisle na jiných předmětech

Course Enrolment Limitations

The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 80 student(s).
Current registration and enrolment status: enrolled: 36/80, only registered: 0/80

fields of study / plans the course is directly associated with

there are 8 fields of study the course is directly associated with, display

Course objectives

Course objectives: The course acquaints students with the basic theoretical pieces of knowledge of financial planning and budgeting. The course objective is to acquaint the students with positives and problems of assembling of firms' financial plan. The course acquaints students with methods of evaluation of investment, assignment of planning cash flow and evaluation of financial resources for firms' financial policy.

Syllabus

• 1. Introduction to financial planning
  Definition of financial planning, its definition from the perspective of financial management of the enterprise. Definition of financial analysis methods and their practical application in financial planning. The background to financial planning. Objectives of financial planning. Form and most common errors in financial planning.
  2. Strategic planning
  Definition of strategic planning. Requirements and development of a strategic plan. Steps in the development of a strategic financial plan. Mission and objectives of the company. Strategy in business activities. Criteria for selecting strategies and their impact on the financial plan. Components of the financial plan. Methods of strategic planning.
  3. Short-term financial planning
  Definition of short-term planning. Distinction between operational planning and strategic planning. The position of operational planning in the financial planning process. Structure of the short-term financial plan. Short-term liquidity forecast. BSC and EVA in the financial plan
  4. Investment plan - methods of investment evaluation and their influence on the sources of financing
  Determining cash flows from planned investment projects. Options for evaluating investment plans. Investment appraisal methods - NPV, IRR, payback period method. Financing options for investment projects and their influence on determining cash flow from the project. BSC and EVA in the financial plan.
  5. Plan profit and loss account and plan balance sheet
  Revenue planning methods - aggregated and disaggregated. Advantages and disadvantages of each method. Cost plan - methods. Material and energy consumption plan. Personnel cost plan. Depreciation plan. Other cost plan. Profit and loss planning and the plan for the disposal of the generated profit and loss.Definition of the plan balance sheet and its position in the management process. Methods of financial balance sheet planning - percentage of sales method, regression method, turnover ratio method. Schedule of items not directly related to sales - determining the need for fixed assets and sources of financing. Determination of income and expenditure in the enterprise.
  6. Application of financial planning methods in business practice - case study on a specific company.
  Creation of an investment plan and its evaluation using selected methods. Evaluation of different types of financing of the investment plan. Application of methods in profit and loss planning. Application of methods in planning the balance sheet of a specific company.
  

Literature

required literature
• RŮČKOVÁ, Petra. Finanční analýza : metody, ukazatele, využití v praxi. In Finance. 7. aktualizované vydání. 165 stran. Finance. ISBN 978-80-271-3124-2. info
• RŮČKOVÁ, Petra. Finanční plánování a rozpočtování (Financial planning and budgeting). Online. Karviná: Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné, 2019. info
• RŮČKOVÁ, Petra. Finanční analýza (Financial analysis). Karviná: Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné, 2014, 107 pp. ISBN 978-80-7510-024-5. info

recommended literature
• SAMONAS, Michael. Financial forecasting, analysis, and modelling : a framework for long-term forecasting. In Wiley Finance Series. 1 online z. Wiley Finance Series. Plný text - pro registrované uživatele NK ČR Informace o výpůjčkách e-knih info
• MARINIČ, P., 2014. Hodnotový management ve finančním řízení. Praha: Wolters Kluwer. ISBN 978-80-7478-405-7
• WATSON, Denzil. Corporate finance : principles and practice. Harlow, England: Pearson, 2016. ISBN 9781292103037. info
• COPELAND, Thomas E. Financial theory and corporate policy. Harlow: Pearson, 2014. ISBN 978-1-292-02158-4. info

Teaching methods

Skills demonstration
Students' self-study

Assessment methods

Written exam

Language of instruction

Czech

Further comments (probably available only in Czech)

Study Materials
The course can also be completed outside the examination period.
Information on the extent and intensity of the course: Přednáška 12 HOD/SEM.

Teacher's information

Activity	Difficulty [h]
Konzultace	6
Ostatní studijní zátěž	93
Přednáška	6
Zkouška	40
Summary	145

• Enrolment Statistics (Winter 2023, recent)
  
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