OPF:FIUBPCSA Case Studies in Financial Mana - Informace o předmětu

FIUBPCSA Case Studies in Financial Management

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 otevřen studentům libovolného oboru.

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

Conditions: Compulsory attendance at seminars 25 %. Seminar paper, seminar discussion, ongoing test, written final exam
Share in the course´s evaluation: Seminar paper (20% of the evaluation), seminar discussion (10% of the evaluation), ongoing test (10% of the evaluation), written final exam (60% of the evaluation)

Aktivity	Náročnost [h]
Ostatní studijní zátěž	89
Seminář	26
Zápočet	30
Celkem	145

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