Financial management

The advantage of the publication is the comprehensiveness and breadth of knowledge in the field of financial management. It presents not only the basic theoretical approaches, but also their application and manifestations in practice. The authors draw attention to the specifics of the implementation of financial management in the Czech Republic and the differences with respect to foreign countries. Attention is focused on aspects of the formation and development of corporations, sources of financing, methods of investment evaluation, etc. As an integral part of corporate governance, the book also includes the issue of dividend policy. An essential part of the decision-making process is also a financial analysis of the internal and external conditions of the company's operation, a forecast of these conditions and an assessment of the uncertainties or risks associated with the company's future activities. Planning is the process that immediately follows financial analysis. Developing a business plan without prior analysis of the business and its environment, including financial analysis, is almost unfeasible.