MOD.1 BUSINESS PROFILE
- Overview
- Assessment methods
- Learning objectives
- Contents
- Full programme
- Delivery method
- Teaching methods
- Contacts/Info
No specific scientific knowledge is required. The lessons from previous years, especially those with the object of the financial statements, will provide to the students a conceptual background useful to address the topics proposed in the course.
The final exam is written, four topics will be proposed among those covered by the course, students will choose three questions out of the four in the exam text and will have to develop the answers in the form of a short dissertation. The exam will take 1 hour. The final grade will be determined by the degree of acquisition of the expected knowledge and skills, with the following criteria that also take due account of the ability to deal with the problems characterizing the degree course:
- level of in-depth knowledge and mastery of the subject matter;
- synthesis and analysis skills;
- expressive and language mastery also with general scientific specificities.
There are no intermediate tests. The vote is expressed out of thirty. The exam will be considered passed with a minimum grade of 18/30. The commission reserves the right to award honors for answers that are exhaustive and characterized by personal elaboration. In particular, the ability to correlate the principles and techniques of the company valuation subject to discussion during the course will be appreciated for the purposes of honors.
Attending students will be able to choose a different examination method with the final assessment based on class interaction and homework (both individually and in groups) and on an oral discussion. To be successful, students must achieve no less than 18 (eighteen) out of 30 (thirty). Students whose work achieves a total sum of more than 30 are entitled to pass the exam with laude.
More specifically, the students will have to create a working group that has to prepare a project of an extraordinary operation agreed with the teacher and participate in the weekly meetings with the teacher. Each group will have to prepare a written report and a final presentation of 15 minutes in power point (PPT) which will be followed by a discussion of 15 minutes with oral questions. 100% of the grade is based on the work prepared during the course, on the presentation of the PPT and on the discussion. The assessment is based on the completeness of the analysis carried out, on the use of the tools acquired during the course, on the critical ability to connect and process the knowledge acquired. Group members may have different assessments based on how they will answer oral questions. The deadline for submitting the written report and PPT presentation (2 different files) will be defined at the beginning of the course.
The course aims to provide specialist knowledge of the accounting aspects of extraordinary management operations and guidelines on use of such knowledge. To do this, it is necessary to co-ordinate basic knowledge and, to a certain extent, more detailed study of the theoretical and operating framework of business appraisal processes, all of which with the help of case histories.
At the end of the course the students will be able to understand how to choice the extraordinary management operation and the companies’ evaluation methodologies.
EXPECTED LEARNING RESULTS
At the end of the course, students will be able to:
1. understand the choices related to extraordinary company management operations
2. analyze the choices of methodologies for evaluating the company's economic capital
3. understand the main methods used in the professional field in relation to the various valuation scenarios,
4. analyze the theoretical system, with its limits, and the general operational settings
5. discuss the various application problems of the main models for evaluating the company's economic capital
6. analyze the economic and financial aspects of the various extraordinary operations
this course covers the main methods used by professionals in various situations, as well as the theoretical framework and its limits, and general operating formats. Various issues arising from application of the main appraisal models are looked at. The accounting aspects of extraordinary management operations are analyzed.
Summary programme of course:
- theoretical framework (3 hours),
- -overview of appraisal methods (3 hours),
- capital cost estimation procedures (3 hours),
- simple and complex equity methods (3 hours),
- income methods (3 hours), mixed methods (3 hours),
- financial methods (7 hours);
- comparative appraisals: stock exchange multiples method and comparable transactions; appraisal of equity investments, loss-making businesses; premiums and discounts in business appraisals (3 hours).
- The extraordinary management operations in the development, integration and corporate restructuring strategies (3 hours).
- Liquidations (3 hours),
- conversions (3 hours),
- mergers and demergers (3 hours):
-economic aspects of business operations; documents and accounting aspects of the operations.
The students will find the detailed program and the timetable of the lectures in the e-learning page.
The course takes place through lectures. The active participation of students in the classroom dialectic is encouraged, in order to facilitate the learning process. The course also addresses the analysis and discussion of cases, requiring the involvement of students. In dealing with the cases, students will have to work in groups and at the end of the work they will present the case itself.
The teaching also use of the e-learning platform.
Student reception by appointment is to be agreed via e-mail patrizia.gazzola@uninsubria.it, the reception can be fixed via teams or at the office of the Department of Economics. The teacher is available to receive students approximately before lessons.