Lecture 11. Finance of firm

The major financial concepts. Financial environment of the enterprise. Main sources and ways of financing. Types of the bank credits and condition of their granting. Own financing. Attraction of the venture capital. A ratio of risk of capital investments and the expected income. Financial intermediaries. Participants of the financial market. Financial results and financial condition of the enterprise.

Assessment of the major factors defining a financial state and solvency. Balance sheet. Sections of the balance sheet. Main indicators of a financial position of the enterprise.

Characteristics of cash flows of the enterprise. Spheres of the movement of cash flows. Assessment of influence of cash flows on the total value of financial resources.

Generalization of results of a financial condition of the enterprise and definition of ways of financial improvement. Assessment of a financial state and current solvency of the enterprise.

Literature: 1-42.

Lecture 12. Pricing of firm

Basic concepts. Determination of the price. A price role in compensation of costs of production and realization of goods, production stimulation, improvement of quality of production, regulation of supply and demand. Functions of the price and their use in price policy of the enterprise. Principles and factors of price policy and methods of its realization.

Types of the prices, their interrelation and interdependence. Free retail price, the fixed price, marginal, exclusively high, dumping, etc. the prices. Trade and trade-intermediary extra charges (discounts), their structure and methods of calculation. Pricing on various types of the markets. Stages of process of pricing and methods of determination of the base price. Choice of price strategy. Its realization depending on the level of expenses, demand, the competition. The factors influencing the level and dynamics of the prices. Structure of the price on elements. Wholesale prices for consumer goods: the structure, types and factors influencing the level of wholesale prices. Features of pricing in separate branches.

Organization and forms of the state control of the prices. Types of control of the prices.

Literature: 1-42.

Lecture 13. Economic efficiency of production and profit of firm

Essence and value of economic efficiency of production in modern conditions. Classification of resources, expenses and results at an assessment of economic efficiency of production. Logical system of indicators of an assessment of economic efficiency.

Concept of profit of the enterprise. The size of profit and factors influencing its change. External factors and internal factors, depending on activity enterprises. Interrelation between profit and product cost. Interrelation of profit with outputs and volumes of product sales. Types of profits. Profit on all economic activity of the enterprise. Profit of separate products.

Concept of profitability. Profitability level. Calculation of level of the general indicators of profitability: production profitability, expensive profitability. Profitability is the aggregated indicator of production-economic activity of the enterprise. The factors determining the level of the general profitability. Private indicators of profitability of activity of the enterprise. Distribution and use profit at the enterprise. Gross profit and taxation. Net profit and its use.

Literature: 1-42.