Students will be taught essential theories and techniques used in corporate financial management, based primarily on intrinsic valuation, capital budgeting and financial planning. They will be capable of solving applications in strategic, as well as working capital management.

Ex/ZK – final written exam / závěrečná písemná zkouška

Cr/Z – in-class presentations, seminar work / prezentace ve třídě, aktivita při cvičeních

R: VLACHÝ, J. Corporate Finance. Praha: Leges, 2018.

R: VLACHÝ, J. Corporate Finance: Exercises. 2nd ed. Praha: Leges, 2018.

A: EHRHARDT, M.C., BRIGHAM, E.F. Financial Management: Theory and Practice. 13th ed. Mason: S-W Cengage, 2011.

A: DAMODARAN, A. Applied Corporate Finance. 4th ed. Hoboken: John Wiley, 2015.

ZK – závěrečná písemná zkouška

Z – prezentace ve třídě, aktivita při cvičeních

1. Introduction, Role of Financial Management

2. Financial Statements and Financial Ratios

3. The Time Value of Money and its Application

4. Risk and Return, Diversification, Capital Asset Pricing Model

5. Intrinsic Valuation, its Application for Bonds and Stocks

6. Cost of Capital and the Discount Rate

7. Capital Budgeting Assessment Criteria

8. Capital Budgeting Cash Flow Projections

9. Addressing Cash Flow Uncertainty – Sensitivity and Scenario Analyses, Real Options

10. Working Capital Management

11. Financial Planning

12. Financing Policies

13. Financing Techniques and Instruments

14. Conclusions, Follow-up