6 credits during the nd year of 8706 Accounting and Finance (LM-77) GENOVA
6 credits during the nd year of 8707 MANAGEMENT (LM-77) GENOVA
The course introduces the student to the tasks of the finance function in the business management. In particular, the issues related to the objective - limitation of financial equilibrium and to the evaluation of the company strategies and of the investments that make them are examined in depth.
The course proposes the development of institutional content related to the functions of finance within corporate management, with a careful cut in both the latest developments in theory and operational and application aspects. In particular, they develop financial analysis methodologies, criteria and methodologies for assessing corporate investment and the criteria and processes for defining the financial coverage of lending.
AIMS AND LEARNING OUTCOMES
The course has as main objectives:
- provide basic skills in corporate finance, with a view to training the financial management operator and that of the business consultant;
- provide the conceptual and analytical tools for an adequate assessment of the financial balance and of the financial flows
- deepen the logic and methodologies applicable to the evaluation of investments and strategies, which determine the needs of corporate financial resources
Financial cycles - financial structure construction as a balance of expected flows
Cash generation - training, types and use
Business strategies evaluation. Shareholders value approach. Economic value of strategy and value transfer to the shareholders, for different kinds of shareholders and in different kinds of ownership structure.
Evaluation of investments to implement strategies. Logic, criteria and application methods. Limits of traditional evaluation methods and integrative methods. Governament incentives and investment decisions
Finance structure decisions as strategic decisions. Equity level decisions. Opening of equity, listing on the stock exchange and value for shareholders
Basic models of financial structure and business development financing. Different kinds of companies and countries. Trade - off between business financing needs and shareholders value Off balance sheeet assets in SMEs.
Valuation of bonds and equity
Attending students: lecture notes and distributed supplementary material
Students not attending:
BREALEY, MYERS SANDRI, Principles of Corporate Finance - 11th Global Edition,
MCGRAW HILL 2014 - chapters 1-2-4-6-7-8-9-12-13.
Ricevimento: Thursday 15,30 to 16,30
PAOLO PARINI (President)
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