CTU FEE Moodle
Financial Management
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Financial Management B1M16FIM
| Credits | 6 |
| Semesters | Summer |
| Completion | Assessment + Examination |
| Language of teaching | Czech |
| Extent of teaching | 2P+2S |
Annotation
Principles of finance, present value and alternative cost of capital, net present value, valuation of bonds and stocks, investment decision and net present value, risk and alternative cost of capital, risk and return, lease or buy, taxes, inflation and return, financial and real options, option valuation and application, hedging, short term finance, cash flow management.
Study targets
No data.
Course outlines
1.Introduction of finance, IRR, comparing period, equivalent annual value.
2. Inflation, elasticity and decision making trees
3. Revenues, risk, basics of portfolio theory.
4. CAPM
5. Beta coefficient
6. Price model evaluation, stock and bonds price.
7. Options, hedge position, option valuation.
8. Option valuation, parity of buy/sell option, Black-Scholes formula.
9. Real options.
10. Duration, volatility.
11. Hedging, futures.
12. Term contracts and swap contracts
13. Analysis of sensitivity and risk analysis. Financial risk.
14. Summary, reserve
2. Inflation, elasticity and decision making trees
3. Revenues, risk, basics of portfolio theory.
4. CAPM
5. Beta coefficient
6. Price model evaluation, stock and bonds price.
7. Options, hedge position, option valuation.
8. Option valuation, parity of buy/sell option, Black-Scholes formula.
9. Real options.
10. Duration, volatility.
11. Hedging, futures.
12. Term contracts and swap contracts
13. Analysis of sensitivity and risk analysis. Financial risk.
14. Summary, reserve
Exercises outlines
1.Spreadsheets revision focused on financial management.
2.Financial calculus.
3.Loans. Kinds of interests.
4.Depreciation. Tax shield. Homework assignment.
5.NPV and IRR calculations. Mutual eliminate investments.
6.Taxes, finance and NPV.
7.Inflation influence. Case study.
8.Bonds and stock price. Model with constant growth.
9.Expected return and standard deviation of portfolio. Risk free return.
10.Market portfolio. Securities line. Portfolio with maximal return.
11.Reading of financial news.
12.Quiz. Homework deadline.
13.Homework discussion.
14. Put and call options.
2.Financial calculus.
3.Loans. Kinds of interests.
4.Depreciation. Tax shield. Homework assignment.
5.NPV and IRR calculations. Mutual eliminate investments.
6.Taxes, finance and NPV.
7.Inflation influence. Case study.
8.Bonds and stock price. Model with constant growth.
9.Expected return and standard deviation of portfolio. Risk free return.
10.Market portfolio. Securities line. Portfolio with maximal return.
11.Reading of financial news.
12.Quiz. Homework deadline.
13.Homework discussion.
14. Put and call options.
Literature
1.Brealey R., Myers S., Allen F.: Principles of Corporate Finance, McGraw-Hill/Irwin; 11 edition (January 15, 2013)
2.Bodie, Z., Kane, A., Marcus, A.J.: Investments. McGraw-Hill/Irwin. 2006
3.Arnold T.: A Pragmatic Guide to Real Options, Palgrave Macmillan, 2014
2.Bodie, Z., Kane, A., Marcus, A.J.: Investments. McGraw-Hill/Irwin. 2006
3.Arnold T.: A Pragmatic Guide to Real Options, Palgrave Macmillan, 2014
Requirements
No data.
Responsible for the data validity:
Study Information System (KOS)