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Course unit
ADVANCED CORPORATE FINANCE AND ACCOUNTING
EPP6077359, A.A. 2018/19
Information concerning the students who enrolled in A.Y. 2018/19
ECTS: details
Type |
Scientific-Disciplinary Sector |
Credits allocated |
Core courses |
SECS-P/07 |
Business Administration |
12.0 |
Course unit organization
Period |
Second semester |
Year |
1st Year |
Teaching method |
frontal |
Type of hours |
Credits |
Teaching hours |
Hours of Individual study |
Shifts |
Lecture |
12.0 |
84 |
216.0 |
No turn |
Examination board
Board |
From |
To |
Members of the board |
3 Commissione AA 2019/20 |
01/10/2019 |
30/11/2020 |
ALEXANDER VINCENZO
ANNA
(Presidente)
MENINI
ANDREA
(Membro Effettivo)
PILONATO
SILVIA
(Membro Effettivo)
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2 Commissione AA 2018/19 |
01/03/2019 |
30/09/2019 |
ALEXANDER VINCENZO
ANNA
(Presidente)
MENINI
ANDREA
(Membro Effettivo)
PILONATO
SILVIA
(Membro Effettivo)
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Prerequisites:
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Basic knowledge of business economics, corporate finance and accounting |
Target skills and knowledge:
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Advanced knowledge of: Reformulation of the financial statements; Firm Valuation; Earnings forecasting; Growth Analysis; Financial planning and Analysis; M&As; Private Equity; Financial restructuring. |
Examination methods:
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Written exam (open and/or multiple choice
questions and/or exercises) |
Assessment criteria:
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Students will be graded based on their conceptual understanding of the topics as well as on their ability to properly apply such concepts and related methodologies |
Course unit contents:
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Module A (taught by Michele Pinelli)
- Financial statements' analysis and reformulation
- Valuation models (DCF,DDM, RE, AEG)
- Analysis of profitability
- Analysis of sustainable growth
- Simple Forecasting and Valuation
- Full Pro Forma Analysis, Risk, and Sensitivity Analysis
- Quality Analysis of the Financial Statements
Module B (taught by Fabio Buttignon):
- Corporate portfolio strategy (best owner principle and steps in constructing a portfolio of businesses);
- Capital structure (debt and equity - level and framework - to support business and corporate strategy);
- Venture capital and private equity (features and role in supporting firm growth and restructuring);
- Debt offering;
- Equity offering (IPO);
- Mergers and acquisitions (tools for corporate growth and restructuring);
- Financial restructuring (financial tools for managing the firm’s financial and operating crisis) |
Planned learning activities and teaching methods:
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Lectures, conceptual and practice exercises, case analysis |
Additional notes about suggested reading:
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Course materials on the e-learning platform include support charts, papers, and excel files templates.
The following book provides a good introduction to the course:
Koller, T., Goedhart M., and Wessels, D. Valuation. New York: John Wiley & Sons, 2015, 6th edition.
Useful Websites:
http://people.stern.nyu.edu/adamodar/. Website of prof. A. Damodaran, to search for market data and other materials for corporate valuation and case study.
http://www.borsaitaliana.it/azioni/azioni/azioni.htm. Website of Borsa Italiana, to search for materials for the case study (Documents and reports, Study researches).
http://it.reuters.com/investing/stocks. Useful website for extracting data of listed firms (financials, multiples and beta included)
https://seekingalpha.com/. Useful website for extracting data of listed firms (financials, multiples and beta included) |
Textbooks (and optional supplementary readings) |
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Penman, Stephen H.,, Financial statement analysis and security valuation (5 ed.). New York: McGraw-Hi. --: --, --.
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Innovative teaching methods: Teaching and learning strategies
- Lecturing
- Problem based learning
- Case study
Innovative teaching methods: Software or applications used
- Moodle (files, quizzes, workshops, ...)
Sustainable Development Goals (SDGs)
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