The teaching focuses on the general guidelines of the EU and national regulatory framework aimed at protecting the rights of consumers and users. The course aims to provide the students with the skills to grasp the problems which may arise before consumers and users of public and private services, so as to correctly frame them in their essential legal elements and possibly identify the tools for their solution. It will be mainly seminarial and will be conducted through a constant examination of EU and Italian regulatory texts, as well as the analysis of the most relevant judgments pronounced by the EU Court of Justice, by the Italian Court of Cassation and by the relevant Courts. Attending students will receive special in-depth didactic material relating to the topics covered.
At the end of the course, students are expected to have:
- ability to examine and interpret sources, organization and regulations;
- knowledge and understanding of the basic and sectoral legal rules governing the wide-ranging protection of the consumer;
- ability to trace, among the rules of consumer law, those suitable for providing the solution of a concrete case;
- the acquisition of a method which allows the student to orient himself/herself, within the legal system, in the search for the most suitable tools to address issues and problems not previously addressed, through the process of empowering the interpreter.
At the end of the course, students are expected to have:
- ability to examine and interpret sources, organization and regulations;
- knowledge and understanding of the basic and sectoral legal rules governing the wide-ranging protection of the consumer;
- ability to trace, among the rules of consumer law, those suitable for providing the solution of a concrete case;
- the acquisition of a method which allows the student to orient himself/herself, within the legal system, in the search for the most suitable tools to address issues and problems not previously addressed, through the process of empowering the interpreter.
Canali
teacher profile teaching materials
Module I –Accounting, Basic
Review of basic corporate financial reports and disclosures that serve as inputs to valuation analysis.
Module II – Financial Statement Analysis
Analysis of financial ratios to measure financial risks and returns; analysis of financial disclosures to identify red flags of potential distress or earnings manipulation;
Module III – Financial Statement Analysis and Debt Sustainability
The module is divided into three interconnected sub-modules.
Sub-module A addresses the issue of capital structure, with reference to debt monitoring tools in the context of financial restructuring as well as post-restructuring alternatives.
Sub-module B analyzes the criteria and the new guidelines for assessing the creditworthiness of a company, focusing on the tools and techniques for analyzing company data as well as on alert indicators for monitoring company financial dynamics.
Sub-module C proposes an in-depth analysis on derivative instruments for hedging purposes in the financial statements of companies, taking into account the assessments necessary to verify their effectiveness. The valuation elements in the absence of listing on the markets as regards unlisted bonds are the subject of in-depth analysis.
Classroom exercises are planned.
E-Book to download from course website (Moodle)
Key reading list
Sutton T (last edition), Corporate Financial Accounting & Reporting, Prentice Hall
Damodaran A. (last edition), Damodaran on Valuation: Security Analysis for Investment and Corporate Finance, Wiley Finance
Tutino M., Ranciaro V. (2020), Innovation in Financial Restructuring. Focus on Signals, Processes and Tools, Sumy, Ukraine, Virtus Interpress
Mutuazione: 21210160 ANALISI DI BILANCIO in Economia e gestione aziendale L-18 A - L TUTINO MARCO
Programme
Three modules are scheduled.Module I –Accounting, Basic
Review of basic corporate financial reports and disclosures that serve as inputs to valuation analysis.
Module II – Financial Statement Analysis
Analysis of financial ratios to measure financial risks and returns; analysis of financial disclosures to identify red flags of potential distress or earnings manipulation;
Module III – Financial Statement Analysis and Debt Sustainability
The module is divided into three interconnected sub-modules.
Sub-module A addresses the issue of capital structure, with reference to debt monitoring tools in the context of financial restructuring as well as post-restructuring alternatives.
Sub-module B analyzes the criteria and the new guidelines for assessing the creditworthiness of a company, focusing on the tools and techniques for analyzing company data as well as on alert indicators for monitoring company financial dynamics.
Sub-module C proposes an in-depth analysis on derivative instruments for hedging purposes in the financial statements of companies, taking into account the assessments necessary to verify their effectiveness. The valuation elements in the absence of listing on the markets as regards unlisted bonds are the subject of in-depth analysis.
Classroom exercises are planned.
Core Documentation
Course materialE-Book to download from course website (Moodle)
Key reading list
Sutton T (last edition), Corporate Financial Accounting & Reporting, Prentice Hall
Damodaran A. (last edition), Damodaran on Valuation: Security Analysis for Investment and Corporate Finance, Wiley Finance
Tutino M., Ranciaro V. (2020), Innovation in Financial Restructuring. Focus on Signals, Processes and Tools, Sumy, Ukraine, Virtus Interpress
Type of delivery of the course
Lectures are in-class and are held free times a week. Each lesson lasts two hours. During lectures the theoretical concepts of accounting, finalcial reporting and it analysis. Some lectures are dedicated at the firm evaluation. To achieve the expected learning results, also some exercises are done during lectures. THE LESSONS WILL NOT BE REGISTERED: IT WILL BE POSSIBLE TO PARTICIPATE IN STREAMING EXCLUSIVELY IN SYNCHRONOUSType of evaluation
The exam is made up of a written test (75 minutes) where students have to answer at questions, as well as to do exercises. A sufficient evaluation obtained in the written exam is needed to attend the oral test. Then the final mark arises. COVID-19 EMERGENCY In relation to the Covid-19 emergency, the learning tests are subject to possible updates. teacher profile teaching materials
Part One. The business analysis: indexes and flows
First Section. The financial statement ratio analysis
The logical and accounting process of the financial statements.
The financial statements: the purpose of ratio analysis
The reinterpretation of the balance sheet for the purpose of financial analysis / balance sheet
The reinterpretation of the income statement to profitability analysis purposes
The asset analysis of the aspect: the organic framework of the quotients of capital structure
The financial analysis of the aspect: the organic framework of financial ratios
The profitability analysis: the organic framework of the income ratios
The weighted ratios
Section Two. The analysis of financial flows
The funds flow
The statement of changes in total financial resources
The cash flow statement of changes in net working capital
The financial statements of the liquidity fluctuations
Part Two - The economic capital
Purposes and subject positions in the company's assessments
Direct methods of evaluation of the economic capital
Theoretical indirect methods of estimating
The simplified income methods
The balance sheet methods
The mixed evaluation 'methods'
Application
Part One:
G. Paolucci, Analisi di bilancio e finanziaria. Logica, finalità e modalità applicative, Franco Angeli, quinta edizione, 2021 ( o in alternativa G. Ferrero – F. Dezzani – P. Pisoni – L. Puddu, Le analisi di bilancio – indici e flussi, Giuffrè).
F. Manni – A. Faccia, Financial Accounting, ARACNE, 2019.
Part Two:
G. Zanda. - M. Lacchini - T. Onesti, La valutazione delle aziende, Giappichelli.
Mutuazione: 21210160 ANALISI DI BILANCIO in Economia e gestione aziendale L-18 M - Z MANNI FRANCESCO
Programme
IntroductionPart One. The business analysis: indexes and flows
First Section. The financial statement ratio analysis
The logical and accounting process of the financial statements.
The financial statements: the purpose of ratio analysis
The reinterpretation of the balance sheet for the purpose of financial analysis / balance sheet
The reinterpretation of the income statement to profitability analysis purposes
The asset analysis of the aspect: the organic framework of the quotients of capital structure
The financial analysis of the aspect: the organic framework of financial ratios
The profitability analysis: the organic framework of the income ratios
The weighted ratios
Section Two. The analysis of financial flows
The funds flow
The statement of changes in total financial resources
The cash flow statement of changes in net working capital
The financial statements of the liquidity fluctuations
Part Two - The economic capital
Purposes and subject positions in the company's assessments
Direct methods of evaluation of the economic capital
Theoretical indirect methods of estimating
The simplified income methods
The balance sheet methods
The mixed evaluation 'methods'
Application
Core Documentation
Recommended readingPart One:
G. Paolucci, Analisi di bilancio e finanziaria. Logica, finalità e modalità applicative, Franco Angeli, quinta edizione, 2021 ( o in alternativa G. Ferrero – F. Dezzani – P. Pisoni – L. Puddu, Le analisi di bilancio – indici e flussi, Giuffrè).
F. Manni – A. Faccia, Financial Accounting, ARACNE, 2019.
Part Two:
G. Zanda. - M. Lacchini - T. Onesti, La valutazione delle aziende, Giappichelli.
Type of delivery of the course
Two-hour lectures three times a week. The days of exercises will be communicated in advance by the teacher during the lessons. In the case of an extension of the health emergency by COVID-19 all the provisions that regulate the way in which teaching activities and student evaluation are carried out will be implemented. In particular, it should be noted that there may be the possibility of providing lessons in e-learning mode. It is suggested to constantly verify the institutional websites.Type of evaluation
Written test: 15 exercises of economic-accounting theory and accountancy.75 minutes duration. oral test: discussion of the written task In the case of an extension of the health emergency by COVID-19 all the provisions that regulate the way in which teaching activities and student evaluation are carried out will be implemented. It is suggested to constantly verify the institutional websites.