d163556 Corporate Finance

CEVRO University
fall 2023
Extent and Intensity
48/24/0. 9 credit(s). Type of Completion: zk (examination).
Teacher(s)
Dan Ravick Fiala, MBA (lecturer)
Guaranteed by
doc. Ing. Eduard Hromada, Ph.D.
Department of Economics – Departments – President – CEVRO University
Timetable
Mon 12:30–13:50 Učebna 208/B, Tue 9:30–10:50 Učebna 119/B, Tue 11:00–12:20 Učebna 119/B
Prerequisites
Basic knowledge of accounting
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The goal of this course is to provide an introduction to modern financial analysis and to show good practice in solving tasks in the areas of financial management such as capital budgeting, corporate investment management, and risk decision making. This course focuses on the financial system (markets, institutions, instruments), unifying the principles of modern financing, the use of present value, equity and bond valuation models and capital budgeting, methods of incorporating uncertainty into valuation models, including portfolio theory and capital asset valuation model, basics of valuation of derivative securities and applications for corporate finance decision-making, including capital budgeting, project financing, and corporate risk management.
Learning outcomes
After completing the course, the student will be able to:
- identify and describe the principles of corporate finances;
- understand methods of asset valuation;
- interpret financial analysis indicators;
- evaluate the capital structure of the company;
Syllabus
  • 1. Introduction to Corporate Finances
    2. Financial markets, instruments, institutions, efficiency
    3. Analysis of financial statements
    4. Time value of money
    5. Risk and risk management
    6. Bonds and their valuation
    7. Shares and their valuation, dividends
    8. Introduction to derivatives and hedging methods
    9. Investing in fixed assets
    10. Working capital management
    11. Moral hazard and information asymmetry
    12. Multinational corporations, mergers&acquisitions
  • Seminars focus on methods and counting examples, group work, and discussions.
Literature
    required literature
  • BRIGHAM, Eugene F. a Joel F. HOUSTON. Fundamentals of Financial Management. 15th edition. Boston: Cengage Learning, 2018. ISBN 978-1-337-39525-0
  • BREALEY, Richard, et al. Principles of Corporate Finance. 13th edition. New York: McGraw-Hill Higher Education, 2019. ISBN 978-1-260-01390-0
Teaching methods
Lectures, group problem solving, discussions on projects, presentations of professionals, solving problems and examples in financial analysis, reading, case studies, discussions on current events in the capital market.
Assessment methods
A total of 3 obligations are required:

1. Midterm test - exercises from seminars (15%).
2. Seminar work (25%)
3. Final exam - material covered in lectures (60%)
Language of instruction
English
Further Comments
Study Materials
The course is also listed under the following terms summer 2020, spring 2021, spring 2022, spring 2023.
  • Enrolment Statistics (recent)
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