Analisi di bilancio - Corso progredito - ENG

FINANCIAL STATEMENT ANALYSIS Advanced course

Prof. Luigi Borré

Course Code: EC0012
Subject code - P/07
6 ECTS – 48 hours
Location: Novara

Educational aims

The subject of the course is an advanced approach to financial statement analysis, from a professional analyst perspective.
A full knowledge of financial statement analysis basics and most traditional indicators are assumed; this course is a completion of that knowledge with an advanced approach and the study of "second level" indicators and indicators based on market values.
Main topics are: industry and competitors analysis, groups performance analysis, distortion of the analysis due to possible data biases, construction of financial business plans in order to evaluate possible critical perspectives in business activity developments.


Content of the course

After a review of FSA basics, the following sessions examine Second level topics sessions will follow an FSA basics review. Among the former:
-    consolidated financial statements analysis;
-    stock market ratios;
-    equity reports and market analysts opinions;
-    industry and competitors analysis;
-    benchmarks identification and calculation;
-    earnings management and FSA distortions and biases;
-    financial planning techniques.

Cases and incidents taken from real situations will be discussed. A strong students involvement is required. They are called to an active participation to lessons, sometimes analyzing cases and elaborating material provided by the teacher in advance or collected by themselves.


Prerequisites

Financial Accounting
Financial statement analysis


Course Texts

-    Learning material published by the teacher on the Moodle Platform: https://eco.dir.unipmn.it/.
-    Case studies


Teaching methods

Frontal lessons, exercises, case studies, with handouts to be read in advance by the students.
Lesson attendance is not compulsory, but strongly recommended.


Examination

Oral examination concerning the contents of learning material and the theoretical and practical topics discussed during lessons.