CdSMANAGEMENT FOR BUSINESS AND ECONOMICS
Codice538PP
CFU6
PeriodoPrimo semestre
LinguaInglese
The course has the main objective to introduce the students to financial management, dealing with the main topics of corporate finance; financial analysis, financial planning, capital budgeting, project analysis and evaluation, financing policy and capital structure choices, and portfolio investment strategies.
To ascertain the knowledge, tests and simulations of the exam will be carried out. Different exercises will accompany the explanation of theoretical concepts.
At the end of the course:
- The students should interpret a financial statment from a risk analysis perspective
- The studies should be able to evaluate investments through the instruments of capital budgeting
- The students should be able to use the tools to analyse the effects of financing policies on the process of value creation
Different exercises and cases will be provided
The students can acquire the knowledge and sensitivity to interpret the financial management issues of companies.
During self-assessment test the strategic implications of financial nature decisions will be analyzed
Some basic knowledge of accounting – how a financial statement is set up – is necessary
- Financial Analysis
- Reassessment of income statement and balance sheet
- Ratios
- Cash flow statements
- Financial planning and cash management
- Investment Criteria
- The NPV Criterion
- The Internal Rate of Return
- The Annuity Method
- The Discounted Payback Rule
- Project Analysis and Evaluation
- Weighted Average Cost of Capital
- Risk Measures
- Sources of Finance: Equity
- Early Stage Financing
- Stock Markets
- Dividends
- Sources of Finance: Debt
- Working Capital Management
- Leverage Effect
- Bonds
- Financial Management of a MNC
- International Equity and Debt Financing
- International Capital Structure
- International Capital Budgeting
- Portfolio Investment Strategies
- Portfolio Theory and Diversification
- Financial Derivatives
Hillier/Ross/Westerfield/Jordan: Fundamentals of Corporate Finance, Irwin McGraw-Hill (Selected chapters)
Exercises provided by the instructors
Written exam with multiple choice questions