B_FEA Financial and economic analysis

Institute of Technology and Business in České Budějovice
winter 2025
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Simona Hašková, Ph.D. (seminar tutor)
Ing. Róbert Kuchár, Ph.D. (seminar tutor)
Guaranteed by
doc. Ing. Simona Hašková, Ph.D.
Department of Corporate Finance and Economics – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Supplier department: Department of Corporate Finance and Economics – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Timetable of Seminar Groups
B_FEA/K02: Sat 4. 10. 8:00–9:30 D216, Sat 25. 10. 13:05–17:35 D216, Sat 1. 11. 8:00–12:30 D216, Sun 7. 12. 14:50–16:20 D216, R. Kuchár
B_FEA/P01: Wed 13:05–14:35 I301( spojená s I302), S. Hašková
B_FEA/S01: Fri 9:40–11:10 D416, R. Kuchár
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives supported by learning outcomes
The aim of the course is to familiarize the student with methods for assessing the financial and economic health of a company. The course will focus on the analysis of absolute and ratio indicators. It will also offer an overview of existing methods for comprehensive company assessment (bankruptcy, creditworthiness and combined methods). Subsequently, methods for assessing a company that consider the business risk of the company being assessed will be discussed - EVA Equity, EVA Entity or MVA. Last but not least, selected benchmarking methods for assessing a company will be taught. The student will not only be able to compile a company assessment methodology based on selected methods with regard to the assessment objective, but will also be able to construct simpler methods himself.
Learning outcomes
After successfully completing the course, the student:
1. understands the analysis of the financial and economic situation of a company from the perspective of the interests of various stakeholders of the company,
2. is able to obtain appropriate data and adjust them for effective analysis,
3. is able to apply selected financial analysis indicators,
4. is able to apply specific methods of comprehensive evaluation on a selected company,
5. applies methods of comprehensive evaluation of a company created using artificial neural networks,
6. applies EVA, MVA and TSR indicators,
7. understands and is able to apply benchmarking tools.
Syllabus
  • Lectures:
  • 1. Stakeholders of the company and quantification of their interests.
  • 2. Sources of information about the company – primary, secondary.
  • 3. Financial analysis – Analysis of absolute and differential indicators.
  • 4. Financial analysis – Analysis of ratio indicators.
  • 5. Models of univariate analysis.
  • 6. Risk Index models.
  • 7. Models of multiple discriminant analysis.
  • 8. Models of conditional probability.
  • 9. Methods of complex evaluation of the company developed using artificial neural networks.
  • 10. Economic Value Added Equity, Economic Value Added Entity.
  • 11. Total Shareholder´s Value, Market Value Added.
  • 12. Benchmarking models – INFA, Harry Pollak Method.
  • 13. Weaknesses of using individual methods of comprehensive assessment of a company.
  • Seminars:
  • 1. Identification of Stakeholders of a selected company and quantification of their interests.
  • 2. Analysis of financial statements. Public sources of information.
  • 3. Financial analysis - Analysis of absolute and differential indicators.
  • 4. Financial analysis - Analysis of ratio indicators.
  • 5. Application of selected models of univariate analysis.
  • 6. Application of selected Risk Index models.
  • 7. Application of multiple discriminant analysis models.
  • 8. Application of conditional probability models.
  • 9. Application of the method of comprehensive assessment of a company developed using artificial neural networks.
  • 10. Calculation of Economic Value Added Equity, Calculation of Economic Value Added Entity.
  • 11. Calculation of Total Shareholder´s Value, Market Value Added.
  • 12. Application of benchmarking models – INFA, Harry Pollak Method.
  • 13. Development of a new method of comprehensive company evaluation.
Literature
    required literature
  • RŮČKOVÁ, P., 2019. Finanční analýza: metody, ukazatele, využití v praxi. 6. aktualiz. vyd. Praha: Grada. ISBN 978-80-271-2633-0.
  • WEAVER, S. C., 2012. The essentials of financial analysis. [s. l.]: McGrawHill Companies. ISBN 978-0-07-176836-8.
  • VOCHOZKA, M. et at., 2017. Přehled metod komplexního hodnocení podniků. České Budějovice: Vysoká škola technická a ekonomická v Českých Budějovicích. ISBN 978-80-7468-119-6.
  • FRIDSON, M. and F. ALVAREZ, 2011. Financial statement analysis: Practitioner´s guide. 4th edit. New Jersey: John Wiley Sons, Inc. ISBN 978- 0-470-63560-5.
  • VOCHOZKA, M. et at., 2017. Využití neuronových sítí při komplexním hodnocení podniků. Praha: Nakladatelství C. H. Beck. ISBN 978-80-7400- 642-5.
    recommended literature
  • KALOUDA, F., 2017. Finanční analýza a řízení podniku. 3. vyd. Plzeň: Aleš Čeněk. ISBN 978-80-7380-646-0.
  • FLEISHER, C. S. and B. E. BENSOUSSAN, 2015. Business and competitive analysis: Effective application of new and classic methods. 2nd edit. [s. l.]: FT Press. ISBN 978-0-13-308640-9.
  • BRIGHAM, E. F. and J. F. HOUSTON, 2017. Fundamentals of financial management. [s. l.]: Cengage Learning. ISBN 978-1-305-63593-7.
  • VOCHOZKA, M., 2011. Metody komplexního hodnocení podniku. Praha: Grada. Finanční řízení. ISBN 978-802-4736-471.
  • BREALEY, R. A., S. C. MYERS and F. ALLEN, 2010. Principles of corporate finance. 2. vyd. [s. l.]: Mc Graw-Hill Irwin. ISBN 9780071289160.
  • KNÁPKOVÁ, A. a D. PAVELKOVÁ, 2010. Finanční analýza: komplexní průvodce s příklady. Praha: Grada. ISBN 978-802-4733-494.
  • KUBÍČKOVÁ, D. a I. JINDŘICHOVSKÁ, 2015. Finanční analýza a hodnocení výkonnosti firem. Praha: C. H. Beck. ISBN 9778-80-7400-538-1.
Forms of Teaching
Lecture
Seminar
Teaching Methods
Frontal Teaching
Group Teaching - Cooperation
Group Teaching - Collaboration
Brainstorming
Critical Thinking
Student Workload
ActivitiesNumber of Hours of Study Workload
Daily StudyCombined Study
Preparation for the Mid-term Test14 
Preparation for Lectures11 
Preparation for Seminars, Exercises, Tutorial2656
Preparation for the Final Test2556
Účast na průběžném testu (in Czech)1 
Attendance on Lectures26 
Attendance on Seminars/Exercises/Tutorial/Excursion2616
Účast na závěrečném testu (in Czech)12
Total:130130
Assessment Methods and Assesment Rate
Test – mid-term 30 %
Test – final 70 %
Exam conditions

In order to successfully complete the subject, it is necessary to achieve a total of a continuous and final assessment of at least 70% under the conditions set out below.


30 points, i.e. 30%, can be obtained in the continuous assessment. In the final evaluation a total of 70 points can be obtained, i.e. 70%.


Overall subject classification, i.e. points for the final assessment (70 - 0) + points from the midterm assessment (30 - 0): A 100 - 90, B 89.99 - 84, C 83.99 - 77, D 76.99 - 73, E 72.99 - 70, FX 69.99 – 30, F 29.99 – 0.


A full-time student is obliged to attend contact classes, i.e. everything except lectures, meet the mandatory 70% attendance.
If participation is not met, the student will be automatically graded “-".

Language of instruction
Czech
Teacher's information

Participation in classes in all forms is dealt with by a separate VŠTE internal standard (Student Attendance Records at VŠTE). For full-time students, 70% attendance at the seminars is mandatory.

Students with an individual study plan will take only the 100-point final test in the exam period. However, students are obliged to contact the teacher immediately after the approval of the individual study plan (ISP). If the student does not do so, their ISP will not be taken into account.

In case of any questions, they can contact the teacher of the seminar group or the course guarantor

Information on testing for full-time students: 1. continuous test max. number of achievable points 30, 2. final test (max. number of achievable points 70), 3. points for activity within seminars for answering/solving questions/tasks) - determined by the teacher

Test information for combined study students: 1. intermediate test max. number of achievable points 30, 2. final test includes the possibility to get a maximum of 70 points in the final test, 3. as part of the mid-term test, bonus points can be obtained for solving a bonus question/example - determined by the teacher.

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