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Lecturer(s)
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Kročil Ondřej, Mgr. Ph.D.
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Course content
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1.The essence, principals and aims of financial managing in a company 2.Financial decision-making in a company and financial markets 3.Decision making process 4.Financial planning 5.Monitoring and planning of cash flows in a company supported by the balance sheet and the income statement 6.Time factor in capital planning and investment decision-making 7.Conception of cash flows in investment planning, influence of inflation and risks 8.Financial decision-making in the allocation of economic results and the valuation of the company 9.The essence of scientific progress and its effect on growth efficiency, the substitution processes and cash flows The course has been prepared within the Project CZ.1.07/2.2.00/28.0138 ?Education modularization in management and psychology at the University of Palacky in Olomouc via innovation and interconnection of economic and psychological study programmes?.
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Learning activities and teaching methods
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Lecture, Dialogic Lecture (Discussion, Dialog, Brainstorming), Work with Text (with Book, Textbook), Activating (Simulations, Games, Dramatization)
- Preparation for the Exam
- 12 hours per semester
- Semestral Work
- 15 hours per semester
- Homework for Teaching
- 24 hours per semester
- Attendace
- 24 hours per semester
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Learning outcomes
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The course helps to explain and to understand the essence of the most important financial process in a business area. It analyzes basic subject areas, which are decided in practical financial proceedings and monitors the main streams of cash flow which means from where, where and why corporate money flow. The course integrates knowledge and remarks from the theory of finance, banking, accounting, management and psychology and demonstrates it on particular examples from a successful company. Two seminars are dedicated to the psychological view on decision-making processes in economics. In the end of the course we will talk about the role of finance in the conceptual governmental document on the conditions of the growth of international competitiveness of the Czech Republic until 2020. Students will be prepared for practical processes of financial management in a company. The course is a part of management education within "MBA" module.
Course graduate: - understands the structure and is able to describe the classification of financial processes in the company - orients in the types and phases of financial decision -making in business area - is able to take in consideration the influence of time factor and risks in investment decision-making and in determining the market value of assets - understands and defines methods of formation and usage of company financial resources - understands the essence of the financial property stability and principals of formation of the optimal financial structure - describes the differences between operating cash flow and cash flows for investment planning and long-term financing - obtains information about the impact of scientific progress and human creativity on financial processes and efficiency - acquires the building process of operating cash flow and payment schedules of a company - is familiar with the development trends of the contemporary world financial system and with its impact on the crisis and stagnation signs in the economy
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Prerequisites
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Basic knowledge of ?Company Economy?. The course builds on and further develops the knowledge of financial management, banking, accounting and decision-making psychology basics.
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Assessment methods and criteria
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Dialog, Systematic Observation of Student, Seminar Work
Fulfilling the lecturer?s assignments, a presentation on an assigned topic and 75% of attendance. The ability to read basic accounting statements (balance sheet, profit and loss statement, cash flow) and to understand their information value to the extent of the property and financial stability and suggestions leading to decisions of creating the optimal financial structure. Understanding the influence of the time factor and the risks in investment decision-making and in determining the market value of assets. The course is ended by a colloquium. The conditions for passing the course are good knowledge tested by the debate, an active participation in the course and adequate attendance.
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Recommended literature
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Brealey,R.A., Myers,S.C. Teorie a praxe firemních financí, East Publishing 1999.
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Cihelková,E. a kol. (2009). Světová ekonomika. Obecné trendy rozvoje.. Praha.
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Kislingerová,E. Manažerské finance, C.H.Beck Praha 2004.
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Kislingerová,E. Podnik v časech krize, Grada Publishing Praha 2010.
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Kovanicová,D. Jak porozumět mezinárodním,evropským,českým účetním standar-.
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Roubini,N.,Mihm,S. (2011). Krizová ekonomie. Budoucnost finančnictví v kostce. Praha.
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Úřad vlády ČR, NERV ČR. Rámec strategie konkurenceschopnosti, (ed) M.Mejstřík.
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Valach,J. (1999). Finanční řízení podniku. Praha.
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Valach,J. Investiční rozhodování a dlouhodobé financování, Ekopress Praha 2010.
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