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The topic of this diploma thesis was chosen with regard to the currency of this issue. There are discussed the basis of financial planning and it is accounted why the finance is important to be planned. Not insignificant part of the financial planning is insurance, which penetrates the whole financial plan. In this field I focused on, in my opinion, the most important financial security, namely income security in case its failure, which mostly accident insurance deals with. The theoretical part of the thesis is followed by a number of sample presentations of financial plans in selected insurance companies.

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Title: Legal regulation of activities of financial advisor The master's thesis Legal regulation of activities of financial advisor explains the term of financial advisory in the Czech Republic and other relative terms from perspective of a man who actually has experience with this field. The goals of the thesis are to define terms of financial advisory and financial advisor, and then to analyze individual fields of financial market from legal perspective. The most described field in master's thesis is the field of insurance.

Abstract Preparing for retirement is a complex task at which some individuals succeed while others do not, often with dire consequences. A model of investor behavior including retirement planning and saving is tested in a Taiwanese sample of full-time working adults. 134 participants completed a questionnaire about future time perspective, retirement goal clarity, financial literacy, retirement planning activity level and monthly savings contributions. Results indicated that FTP was a significant predictor of savings contributions and goal clarity which in turn predicted financial literacy and planning activity level. Financial literacy predicted planning activity level. No support was found for planning activity level as a predictor of monthly savings contributions. A three-way interaction with FTP, financial risk tolerance and financial knowledge as predictors of savings contributions was approaching significance, but small sample size likely limited statistical power. Path analysis shows some support for a model of retirement planning proposed by Hershey (2004) though data do not fit models previously tested by Hershey, Jacobs-Lawson, McArdle, and Hamagami (2007) and Stawski, Hershey and Jacobs-Lawson (2007). Instead a new model of retirement planning and savings contributions is proposed. However it is likely that savings norms affect contributions such that those who do not plan for retirement do not save at a rate lower than those who do. It is also likely that those who do plan for retirement invest rather than save disposable income. Keywords: retirement planning, personality, future time perspective, financial planning, financial literacy

This research project acknowledged that the introduction of PS 3150 guidelines were presented to Ontario municipalities as a new, unfunded mandated responsibility which was viewed by these municipalities to be an impossible challenge within the completion timeline. This research project identifies impacts that PS 3150 guidelines will have on infrastructure planning for municipalities, with a population of less than 5000, in Northern Ontario. The PS 3150 guidelines were created by the Public Sector Accounting Board (PSAB) of the Canadian Institute of Chartered Accountants (CICA) to outline the general process for public sector organizations to change from a modified accrual format to full accrual accounting complete with new financial statements. Municipalities have had to better account for both financial and non-financial assets when reporting on revenues and expenditures. The evaluation of the policy mandate outlined in PS 3150 guidelines has yet to be completed, however the impacts of the guidelines can be assessed based on the development and subsequent implementation of Tangible Capital Asset policies and asset management plans by municipal governments. The findings identified four key similarities among responses from the municipal representatives. The Impacts of PS 3150 legislation are primarily related to personnel, financial, planning, and technical issues. The key recommendation arising from the completion of this research is that municipalities need to move forward, pursue complete asset management plans, in order to demonstrate in a quantitative manner the costs associated with municipal infrastructure planning.

This research project acknowledged that the introduction of PS 3150 guidelines were presented to Ontario municipalities as a new, unfunded mandated responsibility which was viewed by these municipalities to be an impossible challenge within the completion timeline. This research project identifies impacts that PS 3150 guidelines will have on infrastructure planning for municipalities, with a population of less than 5000, in Northern Ontario. The PS 3150 guidelines were created by the Public Sector Accounting Board (PSAB) of the Canadian Institute of Chartered Accountants (CICA) to outline the general process for public sector organizations to change from a modified accrual format to full accrual accounting complete with new financial statements. Municipalities have had to better account for both financial and non-financial assets when reporting on revenues and expenditures. The evaluation of the policy mandate outlined in PS 3150 guidelines has yet to be completed, however the impacts of the guidelines can be assessed based on the development and subsequent implementation of Tangible Capital Asset policies and asset management plans by municipal governments. The findings identified four key similarities among responses from the municipal representatives. The Impacts of PS 3150 legislation are primarily related to personnel, financial, planning, and technical issues. The key recommendation arising from the completion of this research is that municipalities need to move forward, pursue complete asset management plans, in order to demonstrate in a quantitative manner the costs associated with municipal infrastructure planning.

The aim of this master thesis is to assess the objectified value of entity of the Ozex company. The valuation is based on the method of discounted cash flow, specified in Free Cash Flow to the Firm. For the valuation, the neccesary basis is financial plan. Financial plan, together with performed strategic and financial analysis are foundation for valuation. The financial statements were used for the determining the value of the company. Some information were gained also via interviews with inner employee. The value of enitity based on income approach is estimated to be 15 639 271,63 Eur.

When filing for personal bankruptcy, an individual can, in almost all cases, claim an exemption for retirement assets.  Using the Survey of Consumer Finances from 2007 and 2010, we test the theory that highly educated or financially sophisticated households allocate more resources to retirement assets under conditions of higher probability of filing for personal bankruptcy.  This hypothesis stems from the concept of asset sheltering, in which an individual will demonstrate a preference for assets that are exempt from a particular risk. To address our hypothesis, we run a Heckman model on the Survey of Consumer Finances data.  Our results provide evidence to match our theory for only highly educated or financially sophisticated individuals, conditional on owning retirement assets.  That is, we observe highly educated and financially sophisticated households allocate more resources to retirement accounts when they are at higher risk for bankruptcy.  Other characteristic groups do not demonstrate a similarly strong relationship between the probability of filing for bankruptcy and the level of retirement assets. / Master of Science