FIUBPCSA Case Studies in Financial Management

Obchodně podnikatelská fakulta v Karviné
léto 2016
Rozsah
0/2/0. 5 kr. Ukončení: z.
Vyučující
Ing. Tomáš Heryán, Ph.D. (cvičící)
Garance
Katedra financí a účetnictví – Obchodně podnikatelská fakulta v Karviné
Kontaktní osoba: Ing. Irena Szarowská, Ph.D., MPA
Předpoklady
K absolvování předmětu nejsou vyžadovány žádné podmínky a předmět může být zapsán nezávisle na jiných předmětech
Omezení zápisu do předmětu
Předmět je nabízen i studentům mimo mateřské obory.
Mateřské obory/plány
Cíle předmětu
The aim of the course is to provide students with cases in business management from point of view of essential knowledge in corporate finance about project and investment valuating, mergers and acquisitions, estimating of capital costs, problematic of risk of investment and portfolio.
Osnova
  • 1. Time value of money
    2. Real value of cash flows
    3. Valuating methods
    4. Mergers and acquisitions
    5. Capital structure
    6. Risk
    1. Time value of money
    Present and future value of cash flows. Compounding and discounting. Effective annual interest rate.
    2. Real value of cash flows
    Real and nominal value of interest rate. Our investment influent by rate of inflation. Deflation.
    3. Valuating methods
    Net present value method (NPV) and its practical usage on an example of case study. Advantages and disadvantages.
    4. Valuating methods
    Internal rate of return method (IRR) and its practical usage on an example of case study. Advantages and disadvantages.
    5. Valuating methods
    Profitability index method (PI) and its practical usage on an example of case study. Advantages and disadvantages.
    6. Valuating methods
    Payback period method (PBP) and its practical usage on an example of case study. Advantages and disadvantages.
    7. Mergers and acquisitions
    Principles, factors, motivations, consequences and evaluation of mergers and acquisitions.
    8. Mergers and acquisitions
    Examples of mergers and acquisitions in the Czech republic. Costs and benefits for companies. Meaning for managers, customers, shareholders.
    9. Mergers and acquisitions
    Examples of mergers and acquisitions in others countries. Costs and benefits for companies. Meaning for managers, customers, shareholders.
    10. Capital structure
    Own and foreign financial sources. Searching for optimal capital structure. Theoretical basis. Costs of capital. Costs of equity and debt financing. Financial leverage. Financial risk.
    11. Capital structure
    Capital costs, WACC. Costs of equity and debt financing. Tax shield.
    12. Risk
    Magical triangle. Risk of simple investment. Risk as a part of economy. Risk versus uncertainty. How to determine the probability. Expected rate of profit, variation coefficient.
    13. Risk
    Risk of portfolio of two assets. Specific and systematic risk. Diversification of risk. Correlation coefficient and its use for investment valuation.
Literatura
    povinná literatura
  • WATSON, D., HEAD, A. I. Corporate Finance. Priniples & Practice. Prentice Hall, 2007. ISBN 13: 978-0-273-706. info
  • ROSS, SR., WESTERFIELD, RW., JORDAN, BD. Fundamentals of Corporate Finance (7th Edition). Boston: McGraw-Hill, 2006. ISBN 0-07-319262-7. info
  • BREALEY, A., MYERS, SC., ALLEN, F. Corporate Finance. Boston: McGraw-Hill, 2005. ISBN 0-07-111795-4. info
    doporučená literatura
  • Various readings from The Economist, The Euro and other financial magazines. info
  • BLOCK, SB., GEOFFREY, GA. Foundations of Financial Management. Boston: McGraw-Hill, 2005. ISBN 0-07-284229-6. info
  • MADURA, J. International Corporate Finance. New York: Thompson South-Western, 2005. ISBN 0-32-432382-4. info
  • BURKLEY, A., ROSS, SA., WESTERFIELD, RW., JAFFE, JF. Corporate Finance Europe. Cambridge: McGraw-Hill, 2004. ISBN 0-256-13473-1. info
Výukové metody
Seminární výuka
Metody hodnocení
Zápočet
Vyučovací jazyk
Angličtina
Informace učitele
Compulsory attendance at seminars 25 %.
Seminar paper, seminar discussions, final test

AktivityNáročnost [h]
Ostatní studijní zátěž89
Seminář26
Zápočet30
Celkem145
Další komentáře
Předmět je dovoleno ukončit i mimo zkouškové období.
Předmět je zařazen také v obdobích léto 2015, léto 2017, léto 2018, léto 2019.