CORPORATE FINANCE - ADVANCED COURSE | Università degli Studi di Sassari

CORPORATE FINANCE - ADVANCED COURSE

Single discipline educational activity

Course Sheet

Academic Year of enrolment:

2016/2017

Optional/Mandatory:

Compulsory

Degree:

Master's Degree Programme in BUSINESS ADMINISTRATION

Language:

Italian

Moduls:

CORPORATE FINANCE - ADVANCED COURSE - PART 1

6 credits
FINANZA AZIENDALE - AVANZATO - MODULO II

6 credits

Credits:

Programme Year:

Hours of classroom activity:

Prerequisites:

Principles of Corporate Finance (suggested - not binding)

AF code:

40000563

Assessment Methods

Verification of learning:

Assessment throughout the course and final grade by dedicated final exam

Teaching period

Second semester

Objectives

This course aims to provide students with concepts and practices for understanding and analyzing investment and financial decisions of corporations. The perspective is the firm value maximization. Lectures and readings deal with capital budgeting, company valuation, cost of capital and asset-allocation. The course is essentially practical and case-based: topics presented during the course will be analyzed and discussed via corporate cases upon microsoft excel (or software equivalent) support. Remarkable skills in problem-solving and decision-making upon covered topics are the expected outcomes

Contents

Topics covered in this course include:
Module I:
i) Computing and interpreting financial ratios, analyzing balance sheet in a financial perspective
ii) Corporate value creation: project evaluation and capital budgeting (NPV, IRR, EVA)
Module II:
i) Corporate valuation (FCFF, Multiple, Comparables Transactions)
ii) Cost of capital estimation

Recommended Bibliography

The course textbooks are:
R. A. Brealey, S. C. Myers, F. Allen, S. Sandri, Principi di Finanza Aziendale, McGraw-Hill Libri Italia, 2015, 7ed, ISBN: 978 88 386 6449 6
M. Massari, L. Zanetti, Valutazione. Fondamenti teorici e best practice nel settore industriale e finanziario, McGraw-Hill Libri Italia, 2008, ISBN: 978 88 386 6449 6.

Following textbooks are for practice toward written exams
S. Mengoli, Esercizi di Finanza, d.u.press, 2012, ISBN: 9788895451541
E. Bajo, S. Sandri, Finanza Aziendale. Temi di esame, Pitagora Editore 2007, ISBN-13: 9788837115951

Supplementary study material - such as papers and exercises - will be made available from time to time via instructor website at http://www.disea.uniss.it/?q=users/andrea-carosi.

Teaching Methods

Face-to-face lectures and practical sessions on topics covered in the course. Students are strongly advised to (actively) attend all the lectures.

Contacts/More Information

i) Readiness to offer individual assistance also in a foreign language (English) to incoming students
ii) Availability of supporting material and bibliographic references also in a foreign language (English)
Coursebook:
Brealey R., Myers S. and F. Allen, Principles of Corporate Finance, 11/e, 2014, McGraw-Hill, ISBN-13: 978-0077151560 (Global Edition - without Connect Plus option).
iii) Readiness to accept examination of incoming students also in a foreign language (English)

CORPORATE FINANCE - ADVANCED COURSE

Course year: 1

Course year: 2

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CORPORATE FINANCE - ADVANCED COURSE