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Lecturer(s)
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Uhman Jiří, Ing. MBA
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Struk Michal, Ing. Ph.D.
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Course content
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Lecture Topics: 1. Importance and objectives of accounting. Accounting principles. Accounting Methodology. Valuation of assets and liabilities, long-term and short-term assets. 2. Property and capital accounts, depreciation of assets. Purpose and generic classification of costs, costs for decision making. 3. Financial statements, preparation and audit. Profit and loss statement, structure. Company cash flow, cash flow statement. 4. Indicators of the financial situation of the company. Annuity, perpetuity, compound and simple interest. Long-term financing, WACC. 5. Decision making methods for investment selection. Comparison time selection, annual NPV equivalent. Influence of inflation and taxes on financial decisions. Seminar Topics: 1. Legal forms of business and their relation to accounting. Balance sheet and its distribution into accounts. Accounting for tangible and intangible assets, depreciation. 2. Examples of economic operations. Taxes and their accounting in accounting. Balance sheet and profit and loss statement, compilation and analysis. Cash flow statement. 3. Calculation of indicators of financial situation of the company. Test. 4. Financial mathematics. Loans. Interest rates. NPV and IRR calculations. 5. Inclusion of the impact of taxes and financing in the NPV calculation. Comparison time. More complex evaluation cases.
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Learning activities and teaching methods
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unspecified
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Learning outcomes
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Accounting principles. Valuation of assets and liabilities. Cost, revenue and profit. Basic financial statements and their analysis. Financial analysis, methods and goals. Company financing. Budgets and controlling. Present value, opportunity price. Long-term financing. Decision-making methods for investment selection. IRR, NPV. Comparison time selection, annual NPV equivalent. Influence of inflation and taxes on financial decisions. Model CAPM, WACC.
Expertise: Students will be able to describe the meaning and objectives of accounting and its principles, know the accounting statements and accounting of basic economic operations, basic indicators of the financial situation of the company and the fundamentals of financial mathematics. It will also have expertise in decision-making methods for investment selection. Professional skills: The student is able to post basic economic operations, to prepare basic financial statements and to analyze them. Furthermore, they will be able to apply basic indicators of financial analysis to assess the financial situation of the company and use appropriate decision-making method for investment selection. The student will also be able to assess the impact of inflation and taxes on financial decisions.
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Prerequisites
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unspecified
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Assessment methods and criteria
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unspecified
Students will be evaluated based on the results of the written exam (75% weight on the total assessment) and the fulfillment of individual assignments for the seminar work (25% weight on the total assessment).
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Recommended literature
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BOKŠOVÁ, J. Účetní výkazy pod lupou. Praha, Linde, 2013. ISBN 9788072019212.
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BŘEZINOVÁ, H. Rozumíme účetní závěrce podnikatelů. 2. vyd. Praha: Wolters Kluwer, 2017. ISBN 978-80-7552-603-8.
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ELLIOT B.; ELLIOT J. Financial accounting and reporting. Harlow, UK Pearson, 2013, 904 s. ISBN 978-0-273-77817-2..
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HRDÝ, M.; KRECHOVSKÁ, M. Podnikové finance v teorii a praxi. 2. vyd. Wolters Kluwer, 2017. 272 s. ISBN 978-80-7552-449-2..
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KISLINGEROVÁ, E. Manažerské finance, C.H.Beck, Praha, 2010, 864 s. ISBN 978-80-7400-194-9..
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RYNEŠ, P. Podvojné účetnictví a účetní uzávěrka. Průvodce podvojným účetnictvím k 1. 1. 2018. 18. aktualiz. vyd. Olomouc: ANAG, spol. s r.o., 2018. 1064 s. ISBN 978-80-7554-116-1.. ANAG Praha.
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SCHOLLEOVÁ, H. Ekonomické a finanční řízení pro neekonomy. 3. aktualiz. vyd. Praha: Grada Publishing, 2017. ISBN 978-80-247-2424-9.
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STROUHAL, J. a kol. Meritum - Účetnictví podnikatelů. Praha: Wolter Kluwer, 2017. ISBN 978-80-7552-518-5..
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ŠOBA, O.; ŠIRŮČEK, M.; PTÁČEK, R. Finanční matematika v praxi. 1. vyd. Praha: Grada, 2013. 300 s. Partners. ISBN 978-80-247-4636-4..
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VALACH, J. Investiční rozhodování a dlouhodobé financování. Praha: Ekopress, 2011. ISBN: 978-80-86929-71-2.
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