The aim of the thesis is to analyse and evaluate financial management in the selected training company and to suggest recommendations to improve its efficiency. Specifically, the thesis focuses on financial analysis of two core programs offered by the company, and the overall evaluation of the company`s financial situation. The thesis is divided into four parts, the first part introduces the methods of financial analysis and financial planning. The second part is dedicated to a brief presentation of the selected company, characterization of its programs and its international cooperation. The third part contains the analysis and evaluation of the two core programs and of the financial situation as whole. In the final part, there are recommendations for optimizing the financial management of the company in order to be able to better exploit its potential.

Fundamental analysis provides a method which based on global, industrial and corporate information attains to a decision, showing stocks being undervalued or appraised accordingly. The goal of this thesis is to implement and verify adequate methods of fundamental analysis on stocks of bank corporation Commerzbank AG and to give in a background for decision, whether the stocks on the market were evaluated correctly. At the closure of thesis interest lies in analysis of balance entries of Commerzbank and its ever changing structure depending on trends of stock quotes from 1st of Jan 2009 until 30th of September 2012.

La crise financière liée aux emprunts hypothécaires subprime a mis en lumière aux yeux du public le recours à une technique d'ingénierie financière complexe : la titrisation. Le recours à la titrisation a suivi une croissance exponentielle durant la dernière décennie, la transaction se constituant en tant que moyen de financement privilégié aux Etats-Unis et en Europe. L'objectif de ce travail doctoral est d'apprécier les enjeux que véhicule la titrisation en termes de communication comptable et financière des groupes bancaires cotés, au regard de l'intérêt que confère la transaction quant à la satisfaction des intérêts du dirigeant. La recherche s'organise en deux volets. Le premier vise à déterminer et expliquer l'impact de l'annonce d'une titrisation par les banques sur le cours de leur action. Le second traite des conséquences du choix du dirigeant de structurer la transaction en hors bilan sur les éléments comptables suivants : le taux de rentabilité économique, le taux d'endettement, le ratio de Bâle, et le niveau de risque de crédit. Les résultats de cette étude démontrent que, si le marché réagit négativement à l'annonce de la transaction, le recours à la titrisation, notamment lorsque celle-ci revêt une apparence hors bilan, s'inscrit en adéquation avec les intérêts personnels du dirigeant. / Financial crisis due to subprime mortgage loans put in light to public the use of a complex financial engineering technique : the securitization. Recourse to securitization presents an exponential growth during the last decade, as this kind of transaction is nowadays used as the preferential tool of financing in the USA and Europe. This dissertation aims to appreciate issues conveyed by the use of securitization in terms of accounting and financial communication for listed banking groups, taking into account interests brought by this transaction to the manager. This research is made following two steps. The first step aims to determine and explain the impact due to securitization announcement by banks onto share price. The second step deals with consequences of manager's choice to design transaction off-balance sheet on the following accounting items : return on assets, leverage, Basle ratio, and level of credit risk. Results from this research bring to light that, in spite of a negative market perception during the announcement of the transaction, the use of securitization and particularly when it appears as off-balance sheet, is adequate to satisfy manager's own interests.

This master's thesis is focused on drafting corporate financial plan for a selected company which is Drevopal, s. r. o. The diploma thesis consists of 3 parts. The first is the theoretical part which contains the theoretical basis for creating a financial plan. The next part presents and analyzes the company Drevopal, s. r. o. The company's analysis consists of a strategic and financial analysis for the period 2015-2019. In the last part, the financial plan of the company is created in two variants, optimistic and pessimistic.

This master thesis analyses an internal merge of two cooperatives. Theoretical findings gained from laws and regulations are applied to a real process of merge. The result is a proposition of opening balance sheet of the successor and evaluating changes in the financial position of the successive cooperative.

The diploma thesis is focused on the evaluation of the performance of the selected construction company. The theoretical part deals mainly with the methodology and concepts within financial analysis. It describes its purpose, sources of data, the process and characterizes indicators. Terms construction company and construction market are also explained. The case study analyses selected construction company and compare the significant financial indicators with values of the construction industry.

Бухгалтерский баланс является одной из важнейших форм бухгалтерской отчетности для анализа финансового состояния организации и оценки вероятности ее банкротства. Он позволяет, с одной стороны, дать четкое представление о характере поставщиков финансовых ресурсов организации (капитал и обязательства) и условиях их вовлечения в деловой оборот организации (сроки, процентные ставки, обеспечения), с другой стороны, о направлении и характере вложений представляемого капитала в экономические ресурсы общества (активы). В качестве основных направлений магистерской диссертации предложены новые подходы к осуществлению анализа финансового состояния и оценки вероятности банкротства организации с использованием ее бухгалтерского баланса за счет его соответствующей модернизации, которая позволила сделать бухгалтерский баланс более информационно насыщенным для пользователей бухгалтерской информации. Отдельного внимания заслуживают предложения автора по прикладному и практическому использованию разработанных им подходов по анализу финансового состояния организации и оценке вероятности ее банкротства с использованием модернизированного бухгалтерского баланса. / Balance sheet is one of the most important forms of financial statements for the analysis of financial condition of the organization and assessment of probability of its bankruptcy. It allows, on the one hand, to give a clear idea of the nature of suppliers of financial resources of the organization (capital and liabilities) and the conditions of their involvement in the business turnover of the organization (terms, interest rates, collateral), on the other hand, the direction and nature of investments of the represented capital in the economic resources of the company (assets). As the main directions of the master's thesis proposed new approaches to the analysis of the financial condition and assessment of the probability of bankruptcy of the organization using its balance sheet due to its appropriate modernization, which made it possible to make the balance sheet more information-rich for users of accounting information. Special attention should be paid to the author's proposals for the application and practical use of the approaches developed by him to analyze the financial condition of the organization and assess the probability of its bankruptcy using a modernized balance sheet.

The Graduation Theses is targeted at mergers of business Companies and its accounting aspects. The Theses solve mergers from the business - legal point of view (regulating in Act. No. 125/2008 Coll, Transformation of Business Companies and Cooperatives), and also from accounting point of view (from IAS/IFRS) as well from the czech accounting law Accounting Act, Regulation 500/2002 Coll, CAS). A separate chapter is devoted to practical real case of a merger of two limited liability companies.

The aim of this thesis is to assess the financial situation of Camp Bitov Company in the yers from 2005 to 2009, by analyzing the extensive indicators and financial ratios. The theoretical and methodological part explains the individual concepts of financial analysis, describe what sources of information are necessary for it and what are the methods, the two ofthern are applied in the practical part. The introduction to the practical part describes the company, its history, present economic data, as well as the SWOT analysis and Porter's five forces model. Furthermore, there is a financial analysis for the period from 2005 to 2009. When analyzing extensive indicators horizontal analysis of balance sheet is made, income statement, balance sheet, then the vertical analysis. The analysis examines the viability of financial ratios, liquidity, debt levels and the activites of the company.

Submitted by Maicon Juliano Schmidt (maicons) on 2015-07-07T14:16:58Z No. of bitstreams: 1 Patrícia Schneider Severo.pdf: 925577 bytes, checksum: 5af7288d5749e56de33c8aea370def35 (MD5) / Made available in DSpace on 2015-07-07T14:16:58Z (GMT). No. of bitstreams: 1 Patrícia Schneider Severo.pdf: 925577 bytes, checksum: 5af7288d5749e56de33c8aea370def35 (MD5) Previous issue date: 2014-01-16 / Nenhuma / Este estudo tem como objetivo analisar a contribuição do crédito rural às entidades rurais de pequeno porte situadas na região sul do Rio Grande do Sul, a partir do uso de recursos e de técnicas cooperativas no contexto da sustentabilidade. Trata-se de uma pesquisa aplicada, qualitativa-quantitativa, exploratório-descritiva e documental. A amostra é formada por oito agricultores que produzem pêssego, soja, milho e arroz, associados de uma cooperativa de crédito e tomadores de recursos financeiros junto ao Programa Nacional de Fortalecimento da Agricultura Familiar - PRONAF Custeio Agrícola. Objetivando apresentar a situação econômica e financeira desses pequenos empreendimentos rurais, fez-se uso do método "Balanço Perguntado", bem como de entrevistas para averiguar acerca de questões sociais e ambientais com estes relacionadas. Os principais resultados evidenciam que após o custeio da safra, 62,50% dos produtores geram aumento no Patrimônio Líquido decorrente do lucro. Os custos (despesas) dos produtos vendidos equivalem, em média, a 73% da receita operacional bruta. A Distribuição do Valor Adicionado é concentrada nos lucros retidos, seguidos por pessoal e encargos. Existe relação de dependência entre os produtores e o crédito PRONAF, uma vez que não são promovidas ações para que o produtor consiga custear sua lavoura com recursos próprios, sendo que o financiamento de crédito custeio com taxas subsidiadas não é suficiente para o sucesso da propriedade rural. As necessidades de cuidados ambientais são de conhecimento dos produtores e o principal problema do homem do campo é a falta de mão de obra e a sucessão familiar. Também cabe destacar a premência de ações governamentais e das próprias instituições financeiras, em especial as Cooperativas de Crédito, em criar incentivos às unidades familiares para desenvolver a contabilização efetiva de suas contas e contribuir para sua independência financeira, bem como de desenvolver programas de educação ambiental e de orientação em relação à sucessão familiar, fatores que podem gerar maior qualidade de vida no campo, com a promoção efetiva da sustentabilidade no setor rural. / This study aims to analyze the contribution of rural credit to rural small entities located in the southern region of Rio Grande do Sul, from the use of resources and cooperative techniques in the context of sustainability. This is an applied quantitative-qualitative, exploratory, descriptive and documentary research. The sample consists of eight farmers producing peaches, soybeans, corn and rice, associated with a credit union and borrowers of funds from the National Program for Strengthening Family Agriculture - PRONAF Agricultural Costs. Aiming to present the economic and financial situation of small rural enterprises, made use of the "Balance Asked" method as well as interviews to ascertain about social and environmental issues related to these topics. The main results show that after the costs of harvest, 62,50% of producers generate an increase in equity arising from the profit. Costs (expenses) of sales amount on average, to 73% of gross revenue. The Value Added Distribution is concentrated in retained earnings, followed by personal and charges. There is dependency relationship between producers and credit PRONAF, since actions are not promoted to the producer can cover your crop with its own funds, and the financing cost of credit at subsidized rates is not sufficient for the success of rural property. The needs for environmental care are aware of the producers and the main problem of the peasant is the lack of manpower and family succession. It is worth mentioning the urgency of government action and the financial institutions, especially credit unions in creating incentives for households to develop effective accounting bills and contribute to their financial independence and to develop environmental education programs and guidance in relation to family succession, factors that can generate higher quality of life in the countryside, with the effective promotion of sustainability in the rural sector.