Course code CTU12
Course title Management and Economics
Institution Czech Technical University in Prague
Course address Horská 3, Prague 2
City Prague
Minimum year of study 4th year
Minimum level of English Good
Minimum level of French None
Key words Financial Management, finance control, cash flow cycle, working capital management, financial planning and forecasting, investment projects, methods of investment evaluation, cost control, activity based management, just-in-time, lean manufacturing, inventory management.
Language English
Professor responsible Michal Kavan
Telephone +420 224 359 257
Fax +420 224 918 677
Email padeveto@fsih.cvut.cz
Participating professors Frantisek Freiberg, Martin Zralý, Michal KavanAddress where course will take place :   Czech Technical University, Faculty of Mechanical Engineering, Department of Machinery Enterprise Management, Horská 3, 128 03 Prague 2, Czech Republic.
Number of places Minimum: 10, Maximum: 20, Reserved for local students:
Objectives The cThe course deals with selected topics and methodologies in management science. Students have the opportunity for study of selected topics in marketing, managerial accounting and production of goods and services. Problem areas include: Financial Management, finance control, cash flow cycle, working capital management, financial planning and forecasting, investment projects, methods of investment evaluation, cost control, activity based management, just-in-time, lean manufacturing, inventory management. The course objectives are to introduce the student to various classical as well as novel approaches and methodologies in management science. More information available at: http://www.rep.fs.cvut.cz/novy/.
Programme to be followed Fifteen 1.5-hour lectures: 1. Characteristic of finance control - cash – flow cycle, working capital management, economical and financial control of the company (1.5 lecture)2. Financing: characteristic of individual financial resources, financing with internal and external sources, specific financing manners - venture capital, leasing, factoring       (1.5 lectures)3. Cash flow control, financial planning and forecasting, financial plan reconciliation       (1 lecture)4. Evaluation of investment projects, static and dynamic methods of investment evaluation       (1 lecture).5. Recent Approach to Enterprise Management (resp. Control) [1]            Three basic lines of Enterprise Control (of Products, of Processes, of Departments), Role of Activities, Financial and Managerial Accounting, Budgeting, Costing and Relations to Technical Processes (Technical- Economic Integration). Study case       (1.5 lecture)6. Cost Control in Enterprise [2]      Cost Analysis. Costs and Activities. Costs as Consequence of  Decision Making. Ax-Ante and Ex-Post Costs. Target Costing. Hour Overhead Tariffs Method Application in Alternatives. Activity Based Costing. Costing in Technical Processes. Study case       (1.5 lecture)7. Controlling and Activity Based Management [2]       Controlling as Approach to Enterprise Management. Features of Controlling in Practical Applications. Methodology of Activities Set for Products Set (AS/PS). Study case       (2 lectures)8. Characteristic of Lean manufacturing philosophy (1 lecture)9. Inventory management and control (4 lectures) 
Prerequisites     Basic knowledge of management , microeconomic and process control principles. 
Course exam Evaluation through an evaluation test at the end of the course.
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