MPV_IMAF Institutional Management and Finance

Ekonomicko-správní fakulta
podzim 2024

Předmět se v období podzim 2024 nevypisuje.

Rozsah
0/2/0. 4 kr. Ukončení: z.
Vyučováno kontaktně
Vyučující
doc. JUDr. Ivan Malý, CSc. (cvičící)
Garance
doc. JUDr. Ivan Malý, CSc.
Katedra veřejné ekonomie – Ekonomicko-správní fakulta
Kontaktní osoba: Jana Biskupová
Dodavatelské pracoviště: Katedra veřejné ekonomie – Ekonomicko-správní fakulta
Omezení zápisu do předmětu
Předmět je určen pouze studentům mateřských oborů.
Mateřské obory/plány
Cíle předmětu
The central concept of the entire study programme is the efficiency of the use of limited resources. In order to fully understand this concept, it is also necessary to understand its specificities at the micro-level, or at the level of institutions. Successful implementation of policies aimed at increasing the efficiency of health systems is difficult to imagine without understanding the motivations of institutions, their decision-making processes and financial flows.

The aim of the course is not to train financial managers. Rather, it introduces a limited number of selected areas of corporate finance that are relevant for positions of economic/financial analysts preparing documents for strategic decisions (e.g. investment decisions, strategic direction of the institution) as well as for decisions at the tactical level of business management (e.g. optimization of the performance structure, etc.).

The objectives of the course are:

(a) to describe the organization of the enterprise/institution with respect to the specifics of institutions providing health services and to identify the roles of the manager (control, organizational design, professional integration, adaptation, responsibility);

(b) to introduce students to the principles of financial decision-making in firms, including an explanation of the principles of accounting as a system that provides a true and fair view of the firm's financial position and performance; and

(c) to explain the concept of efficiency of firms and businesses and teach students to use standard methods of evaluating the efficiency of investments.
Výstupy z učení
Upon completing the course, the student will be able to:

- explain the financial and asset structure of the firm and define alternative strategic and financial objectives of the institution;

- use and evaluate financial statements in the preparation of a fiancial analysis assessing the financial health of an institution;

- calculate the break-even point, profit and cost equivalence point;

- prepare cost calculations;

- apply some of the standard methods of evaluating the efficiency of investments.
Osnova
  • 1. Organizational structure of the enterprise/institution with respect to the specifics of institutions providing health services. The roles of the manager (control, organizational design, professional integration, adaptation, responsibility).
  • 2. Decision-making processes in the company, strategic objectives, financial objectives of the business, financial decision-making criteria and criteria for effective management of the company.
  • 3. Accounting as a source of information for financial management and decision-making (financial and management accounting, balance sheet, asset structure, income statement, cash flow).
  • 4. Time value of money.
  • 5. Cost breakdown, break-even point analysis.
  • 6. Introduction to financial analysis (cross-sectional and elementary methods).
  • 7. The concept of business efficiency and its perception by owners, management and employees (profit and profitability, liquidity and cash flow.
  • 8. Business efficiency (standard methods for assessing the efficiency of investments).
  • 9. Alternative methods of evaluating investment efficiency.
  • 10. Costing, costing methods and techniques. Product pricing (cost and realisation price).
  • 11. Budget management. Specific features of service-providing institutions. Specifics of the non-profit sector.
  • 12. Budgeting in hospitals (case study using real life experience).
Literatura
    povinná literatura
  • DRURY, Colin. Management and cost accounting. 10th edition. Hampshire: Cengage, 2018, xvii, 842. ISBN 9781473748873. info
  • BREALEY, Richard A., Stewart C. MYERS a Franklin ALLEN. Principles of corporate finance. global, 10th ed. New York: McGraw-Hill/Irwin, 2011, 944 s. ISBN 9781259009518. info
    doporučená literatura
  • ALEXANDER, David a Christopher NOBES. Financial accounting : an international introduction. Sixth edition. New York: Pearson, 2016, 1 online. ISBN 9781292103013. URL info
    neurčeno
  • Kovner, A.R., Neuhauser, D. ed. (1994). Health Services Management. Readings and Commentary. 5th ed., AUPHA/HAP.
Výukové metody
lectures, seminars, case studies, presentations by professionals in the sectors, homework, and readings.
Metody hodnocení
Combined: Midterm + final written exams - solving of model cases.
Vyučovací jazyk
Angličtina
Další komentáře
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