Institute: Gazdaság- és Társadalomtudományi Intézet (1084 Budapest, Tavaszmező u. 15-17.) Credit: 4
Type of classes: Nappali Language: angol Semester: 2019/20/2
 
Level: Mûszaki menedzser BSc angol nyelvû képzés;
 
Responsible Teacher: Dr. habil. Csiszárik-Kocsir Ágnes Teacher(s): Prof. Dr. Takács István;
 
Pre requirements: GGXPA1ABNE
Consultations (total/week): Heti Lectures: 2 Practice lectures: 2 Labs: 0 Consultations: 0
 
Type of Exam: vizsga
 
Aim of the subject: To learn the speciality of corporate finance in connection with the financial management of enterprizes and to introduce the tools of contemporary
corporate finance and to understand and to practice the evaluation of common financial documents of businesses.
Requirements during the semester
(homeworks, essays,
excercises, teamworks,
presentations,
part and final
oral/written exam etc.):
2 presentation of chosen topic, and elaboration four 1500 ±100 character briefs of 2 Hungarian and 2 English articles as homeworks
Exam: essay should be sent not later as 48 hours before start of exam by e-mail; time of presentation is 10 minutes and there is another ten
minute discussion about the essay and the presentation
 
Week of
semester
Topics of lectures/practices
1. Time Value of Money – Future Value
Training: Simple interest calculation, interest-bearing interest calculation
2. The Time Value of Money – Future Value, Present Value
Training: Compound interest calculation, real interest rate
3. Special Cash Flows – Earnings Annuity, annuity
Training: Effective interest rate, present value calculation
4. The role of finance in business - Introduction to basic concepts, money management
Training: Special cash flows
5. Valuation of financialassets, bonds exchangerate and yield I.
Training: Money Management
6. Valuation of financialassets, price and yield of bonds II.
Training: Bond prices
7. Valuation of shares, Other equity – related indicators
Training: Yield on bonds
8. Riskconcept, types, measurement, The relationship between yield and risk
Training: shares related calculations
9. Portfolio yield spread, Model of capital market rates
Training: Measuring risk
10. Investment decision process, Evaluation of cash flows from investment projects
Training: Portfolio risk
11. Static investment-cost calculations
Training: Investment Decisions I.
12. Dynamic investment-economy calculations
Training: Investment Decisions II.
13. Corporate Valuation
Training: Calculation of the cost of capital of a company I.
14. Relationships between Corporate Value and Capital Structure
Calculation of the cost of capital of a company II.
Type of evaluation,
repetition, calculation
of grade, etc.
Written exams
 
Compulsory literature: Brealey, R. A., Myers, S. C., Allen, F. (2016): Principles of Corporate Finance, 12th Edition. Irwin/McGraw-Hill. 976 p
Suggested literature: Gurcik L, Takács I, Herceg M (2016): Selected chapters from financial analysis and financial planning. Nyitra: Slovak Agricultural University,
2016. 88 p. (ISBN:978-80-552-1462-7)
Turceková N, Svetlenská T, Takács I (2016): Selected chapters from business economics. Nyitra: Slovak Agricultural University, 2016. 101 p.
(ISBN:978-80-552-1477-1)