Subject is not scheduled Not scheduled

Subject guarantor:

Name of lecturer(s):

Learning outcomes of the course unit:

A vital part of the decision process is a financial analysis of internal and external business function conditions, conditions prognosis and assessment of uncertainty and risk linked to future business activity. Planning is a process which is directly linked to financial analysis. Completing a business plan without prior business and environment analysis, including a financial analysis is practically unfeasible. In theatre where a pivotal parts are the dramaturgy plan and, in principle, the lack of finance, that financial analysis necessity is doubled.

Course aim:

1. Students are acquainted with the principles of financial management and the importance of propert and capital structure of theatre/projets for financial decisions. Great emphasis is placed on understanding the relationship between operative and strategic planning of an organization or project.

2. The course broadens the knowledge of students in the area of tax burden of the non-profit area.

3. The course aim is to create a basic idea of the content of financial management, financial management methods used for fulfilling the basic aims of theatre/cultural institutes/projects

Mode of study:

Lectures, classes

Prerequisites and co-requisites:

none

Recommended optional programme components:

none

Course contents:

1. Content and extent of the concept. Contemporary concept and tendencies in financial management. Concept of financial manager. Manager's concept of theatre/project.

2. Managerial finance, risk and time: Importance of the time factor financial management and manners which respect it in the financial management of a business. Risk and portfolio.

3. Relationship of theatre finance and strategy, proposing new financial strategies.

4. Sources of information for completing financial analyses - Balance and Profit and Loss statement.

5. Strategic planning elements - market planning, investment planning, setting expenses in relation to the market, individual establishment of cost elements, depreciation

6. Theatre performance analysis: Theatre performance criteria

7. Managerial finance and financial planning: Theatre strategy, types of financial strategies, the essence of financial planning, financial plan rating, complete financial plan content, financial plan models.

8. Strategic long-term investment decisions: Basic classification of investment projects, investment process phases, selecting a method for assessing investment, estimating cash flow.

9. Theatre financing resources: External finance resources; Internal financing resources (unshared profit, depreciation, reserves and other). Cash cycle.

Recommended or required reading:

KISLINGEROVÁ, E. Manažerské finance, Praha: C.H.Beck, 2007; (lze i z r. 2004)..

PAVELKOVÁ, D. - KNÁPKOVÁ, A. - NOVÁK, T. Řízení podnikových financí. Sbírka příkladů a případových studií. Zlín: UTB, 2002.

MAREK, P. A KOL. Studijní průvodce financemi podniku. Praha: Ekopress, 2009; (lze i z r. 2006).

VALACH, J. A KOL. Finanční řízení podniku. Praha: Ekopress, 1991. Cizojazyčná (zahraniční) literatura.

MAŘÍKOVÁ, P. - MAŘÍK, M. Moderní metody hodnocení výkonnosti a oceňování podniků. Praha: Ekopress, 2005.

BREALEY, R. A. - MYERS, S.C. Principles of Corporate Finance. McGraw-Hill, 2006

BREALEY, R. A. - MYERS, S.C. Teorie a praxe firemních financí. Praha: Computer Press, 2000.

Planned learning activities and teaching methods:

Lectures/classes

Assessment methods and criteria:

None.

Course web page:

Note:

Further information:

No schedule has been prepared for this course

The subject is a part of the following study plans:

• Arts Management (M.A.) (compulsory subject)