Topic outline

  • AE0B16FIP - Corporate finance

    Teacher: Ing. Martin Beneš, Ph.D.

    • Lectures

      1.   Introduction of finance, present value, opportunity cost.
      2.   Anuitty, perpetuitty, compounded and simple interests.
      3.   Long term finance. Stock and bonds price.
      4.   Investment efficiency evaluation techniques. IRR, NPV.
      5.   Complex financian evaluation.
      6.   The comparison period, an equivalent annual value.
      7.   Decision making with NPV.
      8.   Inflation and tax influence to investment decision.
      9.   Project is not a black box.
      10.   Capital assets pricing model. Introduction to the theory of portfolio.
      11.   Sensitivity and risk analysis. Financial risk.
      12.   Discount rate, debt, taxes, WACC.
      13.   Other financial problems.Reserve.
      • Training courses

        1.   Introduction of spreadsheets use focused on financial management.
        2.   Financial calculus.
        3.   Loans. Kinds of interests calculation.
        4.   Depreciation. Tax shield. Group project assignment.
        5.   NPV and IRR calculations. Mutually exclusive investments.
        6.   Taxes, finance and NPV.
        7.   Comparison period. Complex projects.
        8.   Complex case of multiple variant evaluation.
        9.   Bonds and stock price. Model with contant growth.
        10.   Expected return and standart deviation of portfolio.
        11.   Risk free return. Market portfolio. Securities market line.
        12.   Discount rate - debt, taxes, WACC
        13.   Assestment. Reserve.
        • References

          1.   Brealey, R.A., Myers, S.C. Allen F. Principles of Corporate Finance. McGraw-Hill. 2007
          2.   Sharpe, W.F., Alexander G.J. Investments. USA: Prentice-Hall, Inc. 1990