Course details
Financial Analysis
IFAN Acad. year 2011/2012 Summer semester 5 credits
Main functions of financial analysis. Internal and external financial analysis. Users and the concept of main stages of financial analysis. Comparative base and the comparability problem. Sources of input data. Accounting statements weaknesses. Overview of elementary and superior methods of financial analysis. Vertical and horizontal analysis of absolute indices. Property and capital structure of company. Analysis of costs and profits, of differential indices and cash-flow. Systems of indices. Formulation of conclusions resulting from financial analysis. Introduction to financial planning.
Guarantor
Language of instruction
Completion
Time span
- 26 hrs lectures
- 26 hrs exercises
Department
Subject specific learning outcomes and competences
Students will have a clear idea of modern approaches and methods of financial analysis of a company. In seminars, they will develop their abilities and skills in a field of practical application of these methods.
Learning objectives
The main objective of the course is to provide students with the necessary knowledge and skills from the field of financial analysis of the company. They will develop their ability of asses the financial situation of a company, its trends and reasons, and to propose measures for the improvement of status quo and development.
Prerequisite knowledge and skills
Solution of equations and working out function graphs, knowledge of account sheets, cost accounting, cost calculation, financial analysis methods, fundamentals of organization and managerial functions within the company.
Syllabus of lectures
- Hlavní funkce finanční analýzy. Interní a externí finanční analýza.
- Uživatelé a pojetí hlavních etap finanční analýzy. Srovnávací základny a problém srovnatelnosti.
- Zdroje vstupních dat. Slabé stránky účetních výkazů. Přehled elementárních a vyšších metod finanční analýzy.
- Vertikální a horizontální analýza absolutních ukazatelů. Majetková a kapitálová struktura podniku.
- Analýza nákladů a zisku, rozdílových ukazatelů a cash-flow.
- Analýza poměrových ukazatelů. Analýza finanční situace podniku.
- Analýza provozní výkonnosti. Ekonomický normál.
- Metody příčinné analýzy a analýzy odchylek.
- Metody mezipodnikového srovnávání.
- Pyramidální rozklad ukazatelů ziskovosti.
- Predikční a diagnostické modely finančního zdraví podniku (bonitní a bankrotní modely).
- Ukazatele konstruované na principu přidané hodnoty.
- Finanční analýza ex ante. Finanční plánování a kontrola.
Progress assessment
Conditions for awarding the course-unit credit:
1. Active participation in exercises will be controlled and assessed by the teacher - max. 100 points.
2. Successful completion of a credit test - max assessment: 100 points in due term, 80 points in first resit test and 60 points in second resit test.
3. Successful elaboration of semester work in pre-set deadline. Maximum 100 points for handing over in the deadline max 80 points for late handing over.
4. Total number of points for awarding the course-unit credit has to be higher than 150.
Controlled instruction
Control of results of independent work on assigned tasks. In case of excused absence from seminars, the teacher can set additional condition if appropriate, usually elaboration of partial written task.