ECTS credits: 5
Lectures: 2
Exercises: 1

Course objective:

Students will acquire knowledge related to the basic category apparatus in the field of business finances as well as acquisition of knowledge about models, procedures, techniques, and methods of their implementation in various areas of activities of the logistic company.

Course contents:

Basic problems of financing. Financing as a concept. Financial management. Forms of organizing business entities and business objectives. Financial system within the economy. Financial markets. Accounting principles, standards and policies. Taxes, basic concepts, tax policies. Optimization of the sources of financing. Financial management. Financial forecasts and plans. Budget plans: military budget. Short-term and long-term financing. Plans for financing crisis situations. Financial reports. Capital investment. Working capital management. Leverage and capital structure. Controlling and cost management. Payments. Collateral. International financial management.


General: acquisition of knowledge and skills for making correct financial decisions regarding short-term and long-term investments, managing liquid assets and solvency, as well as optimal investment within financial management in logistics systems, and the realization of financial results and the success of a business entity. Specific: understanding of economic value and basis of financial reasoning. Acquisition of basic knowledge in the area of business finances, on measuring the risk, function of price of capital and on procedures of evaluating and managing value, and on financial efficiency of investment projects and basic method of their evaluation. Understanding the flows of means in business processes and interdependence of means management and methods of their financing, as well as the basic laws of using the debts, capital structure and dividend policy.

Learning outcomes:

Having passed the exam, the student will be able to: 1. properly define the concept, objectives and principles of financing 2. describe and interpret basic financial reports; 3. independently devise pro forma financial reports; 4. correctly describe and define short-term and long-term financing; 5. devise, develop and explain a simplified plan of necessary money; 6. devise a simpler example of capital investments; 7. describe and analyze financial risks and insurance against financial risk; 8. act efficiently in managing the work capital of a logistics company; The aforementioned learning outcomes contribute to the learning outcomes of the study programme: - Explain the properties and functions of a logistics system. - Analyse relevant management indicators in the logistics system. - Apply computer support in resolving logistics issues.