At the end of the course students will be able to:

  •  know the main corporate  finance  theory literature;

  •  identify the objectives of balance-sheet analysis;

  •  use some operating evaluation and analysis tools, typical of the financial function (financial ratios and DuPont scheme, financial and operating leverage);

  •  use further operating evaluation and analysis tools, typical of the financial function (cash flows analysis, financial statement, firm valuation);

  •  assess the suitability of capital structure, minimizing cost of capital;

  •  use financial planning operating tools (business plan, financial planning models and cash budgeting).

Course outline

1.Financial equilibrium as consequence of economic equilibrium.

2.The net Working Capital Trend and the reletionship with Ebitda;

3.The ICR ratio as equilibrium critic factor;

4.financial statement and balance sheet analysis;

5.The main theories about financial structure;

6.The balance sheet ratios;

7.Bankruptcy forecast;

8.Enterprise development and financial need;

9.The analysis of financial dynamic;

10.The forecast and business plan;

11.The enterprises evaluation and the management of economic value.

None.

-Knowledge and understanding: at the end of the course students will be able to:

•  know the main financial theory literature

•  use some operating evaluation and analysis tools, typical of the financial function (investments evaluation, financial ratios and DuPont scheme, financial and operating leverage);

• use further operating evaluation and analysis tools, typical of the financial function (cash flows analysis, financial statement, firm valuation);

• assess the suitability of capital structure, minimizing cost of capital;

• use financial planning operating tools (business plan, financial planning models and cash budgeting).

- Applied knowledge and understanding: students must be able to adequately apply the acquired knowledge to analyze, understand and solve problems related to financial analysis. The didactic work methods with which these results will be achieved will consist of: lectures, analysis and discussions of business cases, exercises, in-depth seminars.

- Independent judgment: students must have the ability to evaluate, by applying the tools and knowledge acquired during the course, the problems of corporate finance, confront themselves with complex problems autonomously and with their own capacity of judgment for the purposes of problem solving themselves. The didactic work methods with which these results will be achieved will consist of: lectures, analysis and discussions of company cases, exercises and in-depth seminars.

- Communication skills: Students must acquire a clear and effective communication skills, in order to be able to share the analysis and the solution of problems related to the financial management of the company. The didactic work methods with which these results will be achieved will consist of: lectures, analysis and discussion of business cases, group work, exercises and in-depth seminars.

The teaching material prepared by the lecturer in addition to recommended textbooks (such as for instance slides, lecture notes, exercises, bibliography) and communications from the lecturer specific to the course can be found inside the Moodle platform › blended.uniurb.it

Case study exercises.
 

Teaching

Lectures, preparation and discussion of case studies.

Innovative teaching methods

Analysis of financial structure, balance sheet and motivation to go to public of some italian companies recently listed.

Attendance

ERASMUS students are held to prepare the examination by studying the entire provided material (attending only), recommended books are required if not attending. Examination will be carried out in Italian language. Other exam preparation and passing modalities are not allowed.

Course books

Regalli, Soana, Tagliavini, Analisi finanziaria, McGrawHill editore, Milano 2018.
The book will be integrated with professor’s installments about financial statement and net working capital.

Assessment

A final written test about both theoretical knowledge and a case study. The case study analysis is fundamental to assess the comprehension level of the main topics of financial analysis. Failing case study analysis implies not to pass the exam and, consequently, the need to take it one more time.

The evaluation criteria and the scale of marks are as follows:

less than 18/30: competence level insufficient. The student doesn’t reach the learning results described in “knowledge and understanding”.

18-20: competence level sufficient. In particular, the student attains the learning results described in “knowledge and understanding”.

21-23: competence level satisfactory. In particular, the student attains the learning results described in “knowledge and understanding” and in “applied knowledge and understanding”.

24-26: competence level good. In particular, the student attains the learning results described in “knowledge and understanding”, “applied knowledge and understanding” and “making judgments”.

27-29: competence level very good. In particular, the student attains the learning results described in “knowledge and understanding”, “applied knowledge and understanding”, “making judgments” and “communication skills”.

30-30 with honours: competence level excellent. The student fully attains the learning results described in “knowledge and understanding”, “applied knowledge and understanding”, “making judgments” and “learning skills”.

Disability and Specific Learning Disorders (SLD)

Students who have registered their disability certification or SLD certification with the Inclusion and Right to Study Office can request to use conceptual maps (for keywords) during exams.

To this end, it is necessary to send the maps, two weeks before the exam date, to the course instructor, who will verify their compliance with the university guidelines and may request modifications.

Teaching

Lectures, preparation and discussion of case studies.

Attendance

ERASMUS students are held to prepare the examination by studying the entire provided material (attending only), recommended books are required if not attending. Examination will be carried out in Italian language. Other exam preparation and passing modalities are not allowed.

Course books

Regalli, Soana, Tagliavini, Analisi finanziaria, Mc Graw Hill, Milano 2018 chapters 1,5,9 and 15 not included.
The book will be integrated with professor’s installments about financial statement and net working capital.

Assessment

A final written test about both theoretical knowledge and a case study. The case study analysis is fundamental to assess the comprehension level of the main topics of corporate finance management. Failing case study analysis implies not to pass the exam and, consequently, the need to take it one more time.

Disability and Specific Learning Disorders (SLD)

Students who have registered their disability certification or SLD certification with the Inclusion and Right to Study Office can request to use conceptual maps (for keywords) during exams.

To this end, it is necessary to send the maps, two weeks before the exam date, to the course instructor, who will verify their compliance with the university guidelines and may request modifications.