MKF_FIFI Corporate Finance

Faculty of Economics and Administration
Autumn 2024
Extent and Intensity
26/0/0. 6 credit(s). Type of Completion: zk (examination).
In-person direct teaching
Teacher(s)
Ing. Veronika Kajurová, Ph.D. (lecturer)
doc. Ing. Tomáš Výrost, PhD. (lecturer)
Guaranteed by
doc. Ing. Tomáš Výrost, PhD.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable
Sat 5. 10. 12:00–15:50 P303, Sat 19. 10. 12:00–15:50 P303, Sat 30. 11. 12:00–15:50 P303
Prerequisites
Elementary knowledge of financial management, financial markets, accounting, microeconomics and macroeconomics.
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The main goal of the course is to develop and deepen knowledge about financial management. With regard to the impact on the value of the company, the course develops a theoretical framework for understanding and analyzing the main financial topics in the company, focuses on advanced models of corporate valuation, including models for valuing of individual assets in the company and a critical analysis of investment projects and their impact on capital structure. The course focuses on the development of skills in analyzing the company's position in the capital market and in raising funds and allocating capital. It provides knowledge for evaluating selected management decisions and their impact on the company's performance and value.
Learning outcomes
After completing the course, students will be able to:
- apply advanced methods for valuing corporate capital,
- value financial and real assets used by the company,
- evaluate investment projects and critically evaluate their impact on the value of the company,
- evaluate the decisions made and assess their impact on the development of society and its value.
Syllabus
  • Lectures:
    1) Introduction to corporate finance, corporate governance, including responsible finance and ESG.
  • 2) Financial analysis (review with an emphasis on selected aspects of the company's financial situation), strategic analysis, main features of a financial plan and its importance,
  • 3) Short-term and long-term financial planning,
  • 4) Capital structure of the company,
  • 5) Investment decision-making and project analysis,
  • 6) Real options,
  • 7) Introduction to company valuation and valuation techniques,
  • 8) Valuation I,
  • 9) Valuation II,
  • 10) Leasing,
  • 11) Restructuring,
  • 12) Mergers and acquisitions.
Literature
    required literature
  • BREALEY, Richard A., Stewart C. MYERS and Alan J. MARCUS. Fundamentals of corporate finance. Tenth edition. New York: McGraw-Hill Education, 2020, xxxi, 728. ISBN 9781260566093. info
  • BREALEY, Richard A., Stewart C. MYERS and Franklin ALLEN. Principles of corporate finance. Thirteenth edition. New York: McGraw-Hill Education, 2020, xxx, 918. ISBN 9781260565553. info
  • Corporate issuers, equity valuation : CFA Program Curriculum 2024. Hoboken: Wiley, 2024, viii, 351. ISBN 9781953337573. info
  • Equity valuation and fixed income : CFA Program Curriculum 2024. Hoboken: Wiley, 2024, x, 651. ISBN 9781953337580. info
  • Financial statement analysis : CFA Program Curriculum 2024. Hoboken: Wiley, 2024, x, 507. ISBN 9781953337566. info
    recommended literature
  • HAWAWINI, Gabriel A. and Claude VIALLET. Finance for executives : managing for value creation. Seventh edition. Andover: Cengage, 2022, xxxi, 800. ISBN 9781473778917. info
  • MAŘÍK, Miloš and KOLEKTIV. Metody oceňování podniku: proces ocenění, základní metody a postupy. 4th ed. Praha: Ekopress, 2018. ISBN 978-80-87865-38-5. info
  • MAŘÍK, Miloš and KOLEKTIV. Metody oceňování podniku: proces ocenění, základní metody a postupy. 4th ed. Praha: Ekopress, 2018. ISBN 978-80-87865-38-5. info
  • WESTERFIELD, Randolph and Jeffrey F. JAFFE. Corporate finance. Edited by Stephen A. Ross. 7th ed. Boston: McGraw-Hill, 2005, xxxiii, 94. ISBN 0072829206. info
Teaching methods
Tutorials, individual study of literature, individual consultations, homework, project work on valuation of the company, progress tests.
Assessment methods
The course is completed by an oral exam. To successfully complete the course, you need to pass three progress tests (you can get a maximum of 20 points from each and at least 50% of the total possible points have be obtained in total), develop and submit a project that is defended as part of the oral exam (40 points). The overall evaluation of the subject is given by the sum of the points from the oral exam and the progress tests.
The following classification scale applies to student evaluation:
A: 92 – 100 b,
B: 84 – 91 b,
C: 76 – 83 b,
D: 68 – 75 b,
E: 61 – 67 b,
F: less than 61 b.

Warning: "Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination."

Students studying abroad contact the lecturer in the first week of semester by email or via MS Teams and agree on the conditions for completing the course.
Language of instruction
Czech
Further comments (probably available only in Czech)
The course is taught annually.
Information on the extent and intensity of the course: tutorial 12 hodin.
The course is also listed under the following terms Autumn 2009, Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2021, Autumn 2022, Autumn 2023.
  • Enrolment Statistics (recent)
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