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Lecturer(s)
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Course content
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Specifics of Municipal Enterprises. Production of public goods and their pricing. Methods and tools of financial analysis. Traditional areas of financial analysis and specific areas for the public sector. Information sources for financial analysis. The areas of autarky and profitability. The areas of liquidity and activity. The areas of financing, investment development/reduction, and productivity. Identifying causal relationships - additive and multiplicative decompositions. Comparative financial analysis - BAMF and KAMF models. The connection of financial analysis of municipal enterprises with benchmarking and financial control.
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Learning activities and teaching methods
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Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Methods of individual activities, Skills training
- Home preparation for classes
- 30 hours per semester
- Preparation for an exam
- 66 hours per semester
- Term paper
- 40 hours per semester
- Contact teaching
- 14 hours per semester
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Learning outcomes
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The aim of the course is to comprehensively familiarize students with financial analysis, both in its theoretical aspects and practical application in the field of non-profit organizations.
A student who has successfully completed the course can: to explain the economic specifics of the subject of the "municipal company" type; describe methods, tools and areas of financial analysis in the municipal sector; characterize individual areas of financial analysis and identify appropriate indicators; explain the purpose of causal and comparative analysis; describe the nature of additive and multiplicative decompositions; describe representatives of the balance and classification comparison model. A student who has successfully completed the course will: calculate partial indicators of financial analysis areas on real (or simulated) data; interpret results of partial calculations; solve causal decomposition of the financial analysis and clearly explain their outcome; calculate the values of comparative models of financial analysis on the model or real data and interpret their results. A student who has successfully completed the course is able to: include consideration of their ethical dimension in the solution of problems (in the context of 3E principles); decide on the solution of the problem on the basis of the framework assignment and partly known context; communicate comprehensively and convincingly to professionals and laymen about the nature of professional problems and their own views on how to solve them; team work in processing complex analysis.
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Prerequisites
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The course assumes knowledge of fundamentals of accounting at the bachelor level, knowledge of the nature of public sector and public products. The advantage is knowledge of the Czech accounting legislation.
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Assessment methods and criteria
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Written examination, Home assignment evaluation, Student performance assessment
To receive credit, it is essential to complete and submit a semester project by December 22, 2024. The project consists of a financial analysis of a nonprofit organization selected by the student, prepared according to the requirements set in each seminar. A maximum of 60 points can be earned for this project, with a minimum of 30 points required to receive credit. Points earned from the semester project are added to the first exam attempt. If the above conditions for obtaining credit are not met, the student has the opportunity to revise the project during the first and second credit attempts. Points from these make-up attempts will not be added to the exam score. The exam is written. In the first exam attempt, a maximum of 40 points can be earned, to which the points from the completed semester project are added (only if the student passed the project within the first credit attempt). If the student did not obtain credit in the first attempt or takes the first or second make-up exam attempt, they will take an extended version of the test with a maximum possible score of 100 points. The course grade is based on the total points earned. The grading scale is as follows: A - 100-94 points B - 93-88 points C - 87-82 points D - 81-76 points E - 75-70 points F - <70 points
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Recommended literature
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KRAFTOVÁ, I.:. Finanční analýza municipální firmy. 1. vydání. C.H.Beck. Praha, 2002. ISBN 8071797782.
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platné účetní předpisy. zákon o účetictví, vyhláška, účetní standardy pro organizace veřejného sektoru.
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