Docente: Domenico DI MICHELE
Anno offerta: 2019/2020
Insegnamento: ANALISI FINANZIARIA
Corso di Studio: L33 – Economia e Commercio
Anno regolamento: 2017
CFU: 9
Settore: SECS-P/07
Tipo di Attività: B- Caratterizzante
Anno di Corso: 3
Periodo: Primo Semestre
Sede Pescara
Dipartimento: DEC
E-mail: domenico.dimichele@unich.itOffice hours: after class time students are received for further information; for communications use the e-mail address.First semesterGOALS The course aims to: deepen the aspects and techniques of reclassification of the budget, the elements of analysis of financial statements of the company; aims to address and analyze the fundamentals of financial research with particular reference to financial planning, investment evaluation and funding decisions related to the financial structure, strategies growth and value creation to the analysis of the strategic aspects of corporate finance. This course provides students with the knowledge of the world of financial analysis tools, as well as a systematic framework related to methodologies and theoretical-practical applications and an analysis of the operational tools aimed at deepening the degree knowledge and understanding of the financial position and performance of the enterprise. In particular, they will be treated even the criteria for assessing the cost-effectiveness of investment projects and the main financing instruments of the enterprise and the issues related to the economic capital (assessment methods Discounted cash flow and multiple method) and financial risk management techniques.MODULE IThe first module is aimed at treating the reclassification techniques of the financial statements and the indicators of liquidity, solidity, efficiency and profitability and addressing the problems of constructing and interpreting the financial statement, analyzing financial decisions and gathering information useful to the financial statements. analysis, reading, understanding of the elements collected and assessment of the state of the company in the individual profiles (solidity, liquidity, profitability, development and crisis) in overall financial economic terms.MODULE IIThe second module aims to provide a systematic picture of the financial function and financial structure, analysis of financing and investment decisions, analysis of the "risk and debt capital structure", risk-return analysis, analysis of the needs of business development, the analysis of the value of investments and the strategic motivations of recourse to risk capital and debt capital, the dividend policy. The strategic and financial aspects of acquisition operations and other extraordinary finance transactions will be analyzed both in the strategic finance profile and in the assessment issues relevant to the definition of the value attributable to the companies participating in the various operations.Recommended text books:- Michele A. Rea: L'analisi di bilancio per il controllo della gestione, Ed. Giappichelli.- Aswath Damodaran: Finanza Aziendale, Ed. Apogeo- Domenico Di Michele: Dispense sui metodi di interpretazione della dinamiche aziendali e sulla valutazione dello stato dell’azienda - Lucidi proiettati durante il corso.Lettura ed approfondimenti: - A. Dessy e Jody Vender: Capitale di Rischio e Sviluppo di Impresa, Ed EGEA; A. Dessy: Capitale di Debito e Sviluppo di Impresa, Ed. Egea; R. A. Brealey, S C. Myers, S. Sandri: Principi di Finanza Aziendale, Ed. McGraw-Hill; G. Ferrero, F.Dezzani, P. Pisoni, L.Puddu: Analisi di bilancio e Rendiconti Finanziari, Ed. Giuffrè;Learning assessment mode: both during and at the end of the course will be made optional coursework also online in order to gain bonuses to rack up to the final vote. The final exam will be oral and will be made in appeals.
