Course syllabus FI2 - Finance II (ŠAVŠ - WS 2015/2016)

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Course title: Finance II
Semester: WS 2015/2016
Course supervisor: doc. Ing. Tomáš Krabec, Ph.D., MBA
Supervising department: Department of Finance and Accounting (ŠAVŠ)
Prerequisites for registration: Bachelor state examination
Time allowance: full-time, 2/1 (hours of lectures per week / hours of seminars per week)
Type of study: usual
Form of teaching: lecture, seminar
Mode of completion and credits: Exam (4 credits)
Course objective:
Upon successful completition of this course students will be able to understand the current problems of global finance in relation to the valuation of assets and value management. The course covers the most important topics in the field of finance theory and current issues of fiscal and monetary policies and investing in the financial markets. The course extends the interpretation of bachelor studies of more complex methods and models and adds examples from contemporary business practice. In addition to standard theoretical concepts of mainstream financial theory acquaints students with modern approaches and places the issue of functioning in the real world of finance.
 
Course methods: -- item not defined --
 
Course content:
1.financial system - the current perspective on world financial markets . (allowance 2/2)
 
a.Financial market and business.
b.Current problems of monetary and fiscal policy in relation to financial management.

2.Mainstream Financial Theory (allowance 3/3)
 
a.Models used for valuation of the assets and their variants (DCF entity, equity, APV ).
b.Company valuation based on capital market data, arbitrage pricing theory.
c.Reconciliation of valuation results of collective assets.

3.Behavioral finance (allowance 2/2)
 
a.Behavioral Theory of the financial markets and investing.
b.Prospect Theory.
c.Relationship of behavioral economics and behavioral finance.

4.Corporate finance (allowance 3/3)
 
a.Theory of the Firm, microeconomic definition of production factors.
b.Creating and measuring value in relation to the theory of the firm.

5.Valuation of intangible assets (allowance 3/3)
 
a.Definition of intangible assets - legal, accounting , tax concept.
b.Methodology for valuation of intangible assets.
c.Case study.

6.Time reserve (allowance 1/1)
 
a.Within one lecture a visit of an expert practitioner is expected.

 
Learning outcomes and competences:
After successful completion of the course, students will be able to understand the behavior of financial market in terms of different theoretical approaches currently being applied to understand the basic valuation methods, studensts will be further able to apply knowledge of financial models in the investment decision-making. Specific attention will be paid to the analysis and valuation of intangible assets, which are of increasing importance in terms of value creation of the company.
 
Teaching methods and workload (hours of workload):
Type of teaching methodDaily attendance
Direct teaching
     Attendance of lectures28 h
     Attendance of courses/seminars/tutorials14 h
     Consultations with teacher (part-time form of study)0 h
Self-study
     Course reading and ongoing preparation14 h
     Composing of individual (seminar) work14 h
     Composing of presentation14 h
     Preparation for final test14 h
     Preparation for final oral exam14 h
Total112 h
 
Assessment methods:
Requirement typeDaily attendance
Mid-term test(s)64 %
Final test22 %
Final oral exam14 %
Total100 %
 
Course completion:
none
 
Support for combined/distance forms of study:
-- item not defined --
 
Reading list:
Basic:
MAŘÍK, M. Metody oceňování podniku. Proces ocenění základní metody a postupy. 3. vyd. Praha: Ekopress, 2011. 494 p. ISBN 978-80-86929-67-5.
MAŘÍK, M. Metody oceňování podniku pro pokročilé. Hlubší pohled na vybrané problémy. 1. vyd. Praha: Ekopress, 2011. 548 p. ISBN 978-80-86929-80-4.

Recommended:
MYERS, S. -- BREALEY, R. Teorie a praxe firemních financí. 1. vyd. Praha: Computer Press, 2000. 1064 p. ISBN 80-7226-189-4.
BORN, K. Unternehmens-analyse und Unternehmens-bewertung + CD. 2. vyd. Stuttgart: Schäffer-Poeschel, 2003. 325 p. ISBN 3-7910-1763-2.
DAMODARAN, A. Corporate Finance. Theory and Practice. 2. vyd. USA: John Wiley & Sons, Inc., 2001. 982 p. ISBN 0-471-28332-0.
DAMODARAN, A. Investment Philosophies. Successful Strategies and the Investors Who Made Them Work. 1. vyd. New Jersey: John Wiley & Sons, Inc., 2003. 504 p. ISBN 0-471-34503-2.
DAMODARAN, A. The Dark Side of Valuation. 1. vyd. Prentice Hall, 2001. 479 p. ISBN 0-13-040652-X.
DRUKARCZYK, J. Unternehmensbewertung (Fourth Edition). München: Vahlen Verlag , 2003.
KOLLER, T. -- WESSELS, D. -- GOEDHART, M. Valuation. Measuring and Managing the Value of Companies. 4. vyd. USA: McKinsey&Company, 2005. 739 p. ISBN 0-471-70218-8.
Časopis Ekonom (týdeník Hospodářských novin)
Finance Magazine , vydavatelství Newfinances, s.r.o., online, dostupné z http://www.financemagazine.cz

Study plans:
N-EM-FRP Corporate Finance Management in the Global Environment, full-time form, initial academic year SS 2014/2015
N-EM-FRP Corporate Finance Management in the Global Environment, full-time form, initial academic year WS 2015/2016
 
Run in the period of: SS 2016/2017, WS 2016/2017, SS 2015/2016, SS 2014/2015, WS 2014/2015   (and older)
Course tutor: Ing. Bc. Karina Benetti, Ph.D. (examiner, instructor, lecturer)
doc. Ing. Tomáš Krabec, Ph.D., MBA (supervisor)
Teaching language: Czech
Room: Mladá Boleslav


Last modification made by Ing. Aleš Kutín on 08/31/2015.

Type of output: