DISCONTINUED OPERATIONS

Single discipline educational activity

Course Sheet

Course code:

GS12

Academic Year of enrolment:

2018

Year of supply:

2019/2020

Type of Course:

Characterising

Degree:

Course of 2nd Cycle Degree in MANAGEMENT AND ECONOMICS

Disciplinary Sector:

Business Administration

Location:

PESCARA

Credits:

Programme Year:

Professor and Collaborators:

IANNI LUCA

Cycle:

First four months

Hours of classroom activity:

Individual study hours:

114

Prerequisites:

Fundamentals of management and business administration; financial accounting.

Objectives

LEARNING OBJECTIVES
In accordance with the learning objectives of Master Degree Program, Mergers, acquisitions and other business combinations course is intended to provide advanced knowledge and specialized skills about financial, managerial, legal, fiscal aspect of Mergers, Acquisitions, Corporate Spin-offs and Asset stripping, changing Legal Status, voluntary and forced winding-up.
This course, firstly, describes the main theories, principles, and methods concerning the estimate of the value companies. Then, it examines the different features (financial , managerial, legal and fiscal) operations di Mergers, Acquisitions, and other business combinations, included voluntary and forced (judicial) winding-up.
At the end of this course students should be able to use and apply different methods for estimating the value of companies, also in relation to these operations, preparing and editing business valuation reports; to assist, support and lead to carry out the related operations of mergers, acquisitions and other business combinations undertaken by companies in terms of this issues: financial (included bookkeeping and preparing financial reporting, balance sheet, income statements), managerial, legal and fiscal.

Contents

Extended Syllabus

- Introduction to measuring of the companies' value.
- Methods of business valuation: direct methods; indirect methods based on "stock" and "flow" quantities.
- Indirect methods: income-based method, cash-flow-based method, divided-based method.
- Income-based business valuation method: earnings normalization, and estimating of the expected future average earnings.
- Asset-based business valuation method: basic and analytical - level I and II, current value of assets and liabilities.
Combined business valuation method: average company value, method of the separate estimate of Goodwill.
Financial, managerial, legal, fiscal aspects of Mergers, Acquisitions, Corporate Spin-offs and Asset stripping, changing Legal Status, voluntary and forced winding-up.
LEARNING OBJECTIVES
In accordance with the learning objectives of Master Degree Program, Mergers, acquisitions and other business combinations course is intended to provide advanced knowledge and specialized skills about financial, managerial, legal, fiscal aspect of Mergers, Acquisitions, Corporate Spin-offs and Asset stripping, changing Legal Status, voluntary and forced winding-up.
This course, firstly, describes the main theories, principles, and methods concerning the estimate of the value companies. Then, it examines the different features (financial , managerial, legal and fiscal) operations di Mergers, Acquisitions, and other business combinations, included voluntary and forced (judicial) winding-up.
At the end of this course students should be able to use and apply different methods for estimating the value of companies, also in relation to these operations, preparing and editing business valuation reports; to assist, support and lead to carry out the related operations of mergers, acquisitions and other business combinations undertaken by companies in terms of this issues: financial (included bookkeeping and preparing financial reporting, balance sheet, income statements), managerial, legal and fiscal.
SUGGESTED READINGS
PAOLONE G., Gli istituti della cessazione aziendale – cause e modi di
manifestazione, Franco Angeli, Milano, 2008.
PAOLUCCI G., La valutazione
d'azienda. Fondamenti concettuali e prassi applicativa, Franco Angeli,
Milano, 2012.
Additional teaching materials available at e-learning platform: http://elearning.unich.it/.

Recommended Bibliography

PAOLONE G., Gli istituti della cessazione aziendale – cause e modi di
manifestazione, Franco Angeli, Milano, 2008.
PAOLUCCI G., La valutazione
d'azienda. Fondamenti concettuali e prassi applicativa, Franco Angeli,
Milano, 2012.
Additional teaching materials available at e-learning platform: http://elearning.unich.it/.

Methods of Provision

Conventional

Teaching Methods

Classes, practice exercises, case studies.

Evaluation methods

Verification of learning:

Assessment
(80% written exam, 20% oral exam)
Written exam: a multiple choice test; practice test (duration: 1 hour). It is intended to assess the technical, operating and problem solving skills of the students.
Oral exam: assessing the communications skills (i.e., using of the technical language, clarity, etc.).
The program and assessment are the same for all students (attendees or not).

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Aree