Business Economics

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Business Economics AD7B16EPD
Credits 5
Semesters Summer
Completion Graded Assessment
Language of teaching Czech
Extent of teaching 14+6s
Annotation
Legal forms of businesses. Assets and capital of the company. Fundamentals of the management of the firm. Short-term and long-term financing. Basic accounting principles. Accounting statements and their structure. Financial analysis indicators. Decision-making, investment effectiveness. Fundamentals of management, organisational structures. Tax system in CR with a focus to income tax. Finacial markets. Subject is the introduction to various disciplines in management of the firm.
Course outlines
1.Company and business, targets and function of the business, legal forms of businesses.
2.Business plan - outline, building up and implementation. Assets and capital structure of the company.
3.Cost classification, cost calculation methods. Relations between profit, production volume, price and costs.
4.Long-term financing. Shares, bonds, bank loans, leasing. Short-term financing - business credit, bill of exchange (IOU).
5.Basic accounting principles. Assets, liabilities, cost, income. Accounting statements and their structure.
6.Principles of financial analyses. Profit division, effectiveness and productivity.
7.Financial mathematics - interest calculation. Investment appraisal - marginal and average values. Opportunity cost.
8.Basic criteria of evaluation (payback period, net present value, internal rate of return). Risk and uncertainty in business.
9.How does the succesful firm looks and what has its manager to know? What environment does the firm carry the business in?
10.Basis of company management, managerials roles. Organisational structure of the firm.
11.Human resources management. Motivation, stimulation, comunication. Work team management. Manager´s own time control.
12.How to manage taxes. Tax system in CR. Income tax, consumption taxes, value added tax.
13.Information systems in managerial practice - introduction.
14.Semestral projects presentation. Reserve.
Exercises outlines
1.Rules and principles of seminars, conditions of classified assesment. Managerial games.
2.Business, types of corporations, foundation budget. Assignement of the semestral project.
3.Examples of relations between profit, production volume, price and costs.
4.Examples of cost calculation methods.
5.Operational lever, analysis of a turning point, by means of cash flow.
6.Structure of balance sheet, income statement and cash-flow statement, their relations.
7.Effectiveness, productivity, basic indicators of the finantial situation of the firm.
8.Fundamental of financial calculus.
9.Short-term financing.
10.Criteria of financial evaluation - practical calculations.
11.Test. Delivery of semestral projects.
12.Tax and accounting depreciation, tax shield, tax records.
13.Presentation of the projects, case study - work team management. Reserve.
14.Classified assesment.
Literature
1. Koontz, H., Weihrich, H.: Management. McGraw-Hill, 1998
2. Brealey, R.A., Meyers, S.C.: Principles of Corporate Finance. McGraw-Hill, 2000
3. Nickels, W. G.: Understanding Business. Mosby, 1997
According to lecturer requirements.
Responsible for the data validity: Study Information System (KOS)