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Audit of financial statements and the comparison with due diligence services
Dvořáková, Sabina ; Roubíčková, Jaroslava (advisor) ; Králíček, Vladimír (referee)
The aim of this thesis is to describe a process of audit and due diligence of an accounting entity. The work is devided into two parts, the first part is theoretical and the second one is practical. The theoretical part is focused on description of audit including audits procedures. This part is followed by determination of due diligence, which continues with differences and comparison of both these processes. Within practical part audit of financial statements and process of due diligence are performed in different accounting entities.
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Due Diligence
Slonka, Tomáš ; Smrčka, Luboš (advisor) ; Podola, Petr (referee)
The masters thesis on due diligence focuses on the practical use of due diligence. The aim of this thesis is to identify risks for the investor, examples of adjustments to EBITDA, net debt and net working capital and calculate the value of the target company compared to the value offered by the real investor on the market.
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Liability of governing bodies of limited companies
Vitha, Petr ; Patěk, Daniel (advisor) ; Josková, Lucie (referee)
- Liability of governing bodies of limited companies The thesis deals with the liability of governing bodies of limited companies in the light of the recodification of private law. The given topic is becoming increasingly acute in the Czech legal environment, especially with regard to the codification of due diligence and the business judgment rule in the basic acts of private law, namely the Civil Code and the Business Corporations Act. The aim of this work is to provide a comprehensive insight into the problems of the concept of liability within the Civil Code and a view into the Business Corporations Act and the ensuing liability of governing bodies of limited companies. In the first chapter of this thesis, various key concepts, which are used and elaborated throughout this paper, are analyzed and defined. The concept of liability is analyzed in terms of a historical perspective - both from the so-called prospective and retrospective conception to the conception contained in the Civil Code. The concept of a statutory body (governing body) is analyzed both in terms of rules contained in the Civil Code and in terms of the different specificities of the Business Corporations Act including the analysis of directors of a limited company and the board of directors of a joint-stock company. The second...
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Real Estates Legal Due Diligence
Kraft, Martin ; Mikeš, Jiří (referee) ; Pohl, Tomáš (referee)
- 1 - SUMMARY The parties to the real estates transactions need to have sufficient warranties that they will obtain the valid ownership title to the real estates property. The legal due diligence (or title due diligence) is the way to confirm the existence of these warranties (or confirms that these warranties are not present). The objective of due diligence for example for the buyer is to confirm that there is no legal issue concerning the ownership title to the property. Most of the real estates in the Czech Republic is registered with the Land Register. The Land Register maintains a database of plots of land, certain constructions (described by a law) and residential and non-residential units in the Czech Republic. The entry into the Land Register is, in practice, generally regarded as a proof of ownership title. Until 1993, it was possible to effectively transfer ownership title to real estate without recording the appropriate entry in the Land Register. As a result, register entries made prior to 1993 cannot be relied upon alone to demonstrate the proof of ownership. This thesis therefore describes the Land Register, its historic development, contemporary way of registrations and the matter registered within the Land Register. Beside the Land Register, the thesis also describes other sources of...
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Global Witness´s influence on forming of conflict mineral legislation
Lukeš, Jakub ; Zemanová, Štěpánka (advisor) ; Trávníčková, Zuzana (referee)
The thesis concers the issue of conflict minerals in the Democratic republic of Congo. The situation in the country has been monitored by the NGO Global Witness for decades. Human rights violation, illicit trade followed by exporting of minerals out of the country, have been supervised by militaristic rebel groups. As a result these groups have been indirectly founded by international corporations.The aim of this thesis is to evaluate the performance of Global Witness at the agenda setting of conflict minerals, including a critical assessment of legislative measures.
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Company's strategic change due to merger or acquisition
Smolíková, Lenka ; Rais, Karel (advisor)
The dissertation’s subject matter is mergers and acquisitions (“M&A”). The reason standing behind the dissertation is the ever growing number of announced M&A transactions around the world. The research shows why M&A are important for the company management and why managers today see them as one of the greatest challenges. The work includes a chapter dedicated to the history of M&A and its current state, which has been affected by the financial crisis. One of the main objectives of the dissertation is to connect the economic and legal views on M&A. The work confronts theoretical knowledge with actual M&A cases. In order to provide a clearer understanding of M&A, cases of both successful and unsuccessful M&A transactions in various industries are described. The dissertation includes a detailed description of the specific stages in the M&A process. It deals with the preparatory stage, due diligence, implementation, and the subsequent integration of the two and more merged companies. The dissertation also provides evaluation of the individual stages’ importance. Special attention is given to the most frequent problems occurring during the entire M&A process: human resources and the integration process. In addition, the dissertation responds to the changes in economic environment that took place between the economic boom, at the beginning of the millennium, and the recession that commenced in autumn 2008. It also shows possible future developments in M&A. The dissertation was based on a review of the existing secondary sources; on primary research in companies with experience in M&A, and on collaboration with the tutor and other experts in the M&A field. On the grounds of secondary sources review, primary research, and discussions with experts, a guide on how to successfully implement an M&A transaction was prepared. The dissertation is to serve for didactic purposes in educating future managers, as a guide for companies’ management which implement M&A transaction, and should provide a basis for further research and scientific work in the M&A field. The dissertation’s conclusion evaluates hypotheses formulated prior to its elaboration.
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Analysis of the development project for the construction of an administrative building in Brno
Kolařík, Jan ; Šebesta, Petr (referee) ; Šmahel, Milan (advisor)
The aim of this diploma thesis is determine feasibility and profitability of property development project at particular lands in Brno. Solution of problem includes both, the legislative part that determines possibility lands focused on change of territorial plan and the financial part that estimates costs and revenues in project balance and potencial profits for investor, if project will be realized. Main result of this diploma thesis is to answer the question, if property development project should be realized at particular lands in question and estimate future value of lands and project. Diploma thesis \uv{Analysis of the development project for the construction of an administrative building in Brno} is useful for everyone, who needs estimate potential of a land for profit from realization of property development project.
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Private Equity as a Form of Investment
Bolf, David ; Luňáček, Jiří (referee) ; Zinecker, Marek (advisor)
The diploma thesis deals with the different ways of investment in Private Equity. The work is focused on investment decision making, investment process and due diligence. In the analytical part, the author evaluates the results of the questionnaire, which focuses on the factors of investment decision. Factors that investment decisions are divided into three categories examined by the author.
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Financial due diligence: theory and practice in M&A transactions
Vavrovič, Maroš ; Brabenec, Tomáš (advisor) ; Hamplová, Barbora (referee)
This thesis focuses on financial due diligence within M&A transactions. In the first part, due diligence is characterized as one of the main factors of M&A failure. Due diligence process and definition is described afterwards, as well as purpose of due diligence, various types of due diligence and position of due diligence within individual phases of M&A transaction. Furthermore, financial due diligence and its main principles are defined. Essential differences between financial due diligence, audit and financial analysis are also described. The diploma thesis analyzes the focus of financial due diligence on specific items of balance sheet, P&L account and cash flow statement. In the final part, an actual financial due diligence report from Czech M&A transaction is analyzed, including its individual parts.
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