BALANCE SHEET ANALYSIS

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					BALANCE SHEET ANALYSIS

Prerequisites
Knowledge of topics covered in Business Economics and Accounting is required.

Objectives

The course develops the concept of balance sheet analysis with particular reference to index based
accounting. The different methods of reclassification of business capital and economic accounting
are examined as well as the determination and interpretation of the main balance indicators in order
to appreciate the financial, patrimony and income dynamic of the analysed businesses for different
aims, e.g. studies of particular economic sectors, credit worthiness practices, etc.)
By the end of the course students should be able to carry out the balance sheet analysis by indexes,
to master its techniques and interpret results.



Contents

 -   Typology and object of financial analysis
 -   Balance sheet reclassification
 -   Income statement reclassification
 -   Analysis of the financial structure
 -   Analysis of the financial position
 -   Analysis of the overall profitability
 -   Analysis of the operational profitability
 -   Operational incentives
 -   Financial incentives
 -   Statement of net circulating capital: introduction
 -   Statement of liquidity flows: introduction
 -   Report on management: economic and financial trends


Teaching method
Lectures followed by practice sessions.

Assessment

The examination consists of a written test and an oral exam on all the parts introduced in the course.

Recommended Reading

G. MELIS, Il bilancio d'esercizio come strumento di controllo della gestione, Giuffrè, 2004,
(Capitoli da 1 a 6; Capitolo 7: paragrafi 7.1., 7.2., 7.3. e 7.7; Chapter 8: paragraphs 8.1., 8.2., 8.3. e
8.5; Chapter 9). Recommended texts for a detailed study:
G. FERRERO, F. DEZZANI, P. PISONI, L. PUDDU, Analisi di bilancio e rendiconti finanziari,
Giuffrè, 2006.
Recommended texts for a detailed study:
G. FERRERO, F. DEZZANI, P. PISONI, L. PUDDU, Analisi di bilancio e rendiconti finanziari,
Giuffrè, 2006.