FIUNPFPR Financial Planning and Budgeting

School of Business Administration in Karvina
Winter 2024
Extent and Intensity
1/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Petra Růčková, Ph.D. (lecturer)
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
Tue 8:05–8:50 A501
  • Timetable of Seminar Groups:
FIUNPFPR/01: Tue 8:55–10:30 A217, P. Růčková
FIUNPFPR/02: Tue 10:35–12:10 A217, P. Růčková
Prerequisites
FAKULTA(OPF) && TYP_STUDIA(N) && FORMA(P) && ((PROGRAM(N_VES) && ROCNIK(1)) || ROCNIK(2))
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 60 student(s).
Current registration and enrolment status: enrolled: 41/60, only registered: 0/60
fields of study / plans the course is directly associated with
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.
Learning outcomes
The student is able to define the areas necessary for the preparation of a financial plan, define the essence of a financial plan with respect to the size of the enterprise, explain the importance of financial planning objectives, define the differences in emphasis in financial planning of projects with an emphasis on sustainability and projects with an emphasis on profitability, define the common features of projects with an emphasis on sustainability and projects with an emphasis on profitability. The student can differentiate financial plans in terms of the time period for which they are developed, can define the importance of the mission and goals of the business on the development of a financial plan, can differentiate financial plans for businesses of different sizes. The student is able to define the role of financial analysis in the planning process, is able to work with financial statements from an analytical point of view, gains knowledge of the interrelationship between financial analysis and financial plan, is able to analyze data from financial statements from the perspective of financial plan development, is able to create an investment project and assess its effectiveness, is able to assess projects under different financing methods, is able to correctly apply investment evaluation methods according to the type of project. The student is able to define the basic parameters of a plan profit and loss statement and a plan balance sheet, define the methods appropriate for the preparation of plan financial statements with regard to the size of the enterprise, define the control mechanisms of the prepared plans, explain the interrelation of financial statements. The student can construct a project with a sustainability emphasis and compare it with projects with a pure profitability emphasis, can create and evaluate a planned project with respect to the future development of the enterprise, can defend the created project and present the main outcomes of the created project.
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. The impact of sustainability and environmental thinking on financial planning.
    2. Types of 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 enterprise. Strategy in business activities. Distinction between operational planning and strategic planning.
    3. Financial analysis of the entity and the investment plan - methods of investment evaluation and their influence on the sources of financing.
    Determination of cash flows from planned investment projects. Options for evaluating investment plans. Methods of investment evaluation. Distinguishing projects aimed at sustainability and environmental thinking from projects aimed at improving business performance.
    4. Plan profit and loss account and plan balance sheet.
    Methods of planning the profit and loss account. Advantages and disadvantages of each method. Cost plan - methods. Material and energy consumption plan. Staff cost plan. Plán odpisů. Plán ostatních nákladů. Planning of the economic result and plan for the disposal of the economic result generated. Definition of the planning balance sheet and its position in the management process.
    5. Methods of financial planning in business practice - a 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 plánování a rozpočtování (Financial planning and budgeting). Online. Karviná: Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné, 2019. info
  • RŮČKOVÁ, P. Finanční analýza, metody, ukazatele a využití v praxi. 4. rozšířené vydání. Praha: Grada Publishing, 2011. ISBN 978-80-247-3916-8. 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
Lecture, text work, interview, teamwork, cooperative and collaborative learning, teaching through case studies
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.
Teacher's information
Activity Difficulty [h]
Ostatní studijní zátěž 66
Přednáška 13
Seminář 26
Zkouška 40
Summary 145
The course is also listed under the following terms Winter 2014, Winter 2015, Winter 2016, Winter 2017, Winter 2018, Winter 2019, Winter 2020, Winter 2021, Winter 2022, Winter 2023.
  • Enrolment Statistics (recent)
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