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Corporate Financial Analysis
(Laurea
in Economia delle amministrazioni pubbliche e delle istituzioni
internazionali)
Professor:
Prof. Salvatore Madonna (link to consulting hours)
Programma: 2003/04
Educational aims:
. The
course’s goal is to explain assumptions, aims and procedures to be
applied to corporate financial analysis based upon information drawn from
financial statement in order to depict the conceptual reference framework,
its methodological foundation, quantitative tools and operational technique
to be performed thereof
Requirements:
Theory and principles of management and Accounting
& Financial Statements.
Course content:
First Part – Corporate
Financial Analysis (patterns, ratios, cash flow statement)
a) Assumption, aims and addresse
of corporate financial analysis. Profiles of corporate financial
performance investigation: profitability, capital adequacy, financing.
b) Financial statements patterns useful to
corporate financial analysis. Structure of the balance sheet and the income
statement, schemes to assess corporate profile.
c) Financial ratios: goals, techniques,
meanings and their limits.
d) Analysis of cash flow. Effects of
operation on corporate financial and monetary equilibrium. Cash flow
statements: techniques of preparation, presentation along with financial
statements set of information.
Second Part – Principles of taxation law
1.
Fiscal Law, meaning of tax, kind of taxes. 2. Fiscal obligation. 4. Fiscal
proceedings, specifically tax assessment. 5. Tax collection. 6. Refundation of overpaid tax. 7. Fiscal penalties. 8.
Fiscal jurisdiction and process.
References:
First Part:
CARAMIELLO C., DI LAZZARO F. e FIORI G., "Indici di bilancio", Giuffrè,
Milano, 2003.
DEZZANI, FERRERO, PISONI e PUDDU,
"Le analisi di bilancio. Indici e flussi",
Giuffrè, Milano, 2003 (solo la seconda sezione: "Le analisi dei flussi
finanziari").
Second Part:
Selected
readings and individual practical application will be placed at students'
disposal by the teaching staff (in internet as well).
Theaching methods:
Some
lessons will be given to illustrate methodology and principles to conduct a
corporate financial analysis, whereas other lessons will be dedicated to
examine realistic case studies.
Examination:
Written
examination, testing both quantitative skills (preparing financial
statements, calculating financial ratios, preparing cash flow statements)
and theoretical knowledge.
A
progress written test, that is not compulsory, will be organized during the
course
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