Corporate Finance – Syllabus A.Y. 2013-2014 – Prof. Tomaschù, Romiti
Session 1
10.00-13.00
18/09/2013
Session 2
10.00-13.00
25/09/2013
Session 3
10.00-13.00
2/10/2013
Session 4
10.00-13.00
9/10/2013
Session 5
10.00-13.00
16/10/2013
Session 6
10.00-13.00
23/10/2013
Session 7
10.00-13.00
30/10/2013
Information Literacy 1
9.00-12.00
11/11/2013
Session 8
10.00-13.00
13/11/2013
Information Literacy 2
14.00-16.00
18/11/2013
Session 9
10.00-13.00
20/11/2013
Session 10
10.00-13.00
27/11/2013
Session 11
10.00-13.00
4/12/2013
Session 12
10.00-13.00
11/12/2013
Session 13
9.00-13.00
18/12/2013
Topics

The foundations of corporate finance: role and objectives

Introduction to Financial Statement: balance sheet and income statement
reclassification
Topics

Exercises (reclassification) – Ebitda and NFP calculation
Topics

Continuation of Session 2

Financial Ratios (Profitability and Debt Ratios)

Risk and return relationship. Portfolio theory and Capital Asset Pricing
Model
Topics


The cost of capital: cost of debt and cost of equity, WACC
The optimal capital structure
Topics

Cash flow calculation: the importance of working capital

Exercises
Topics

Cash management and financing choices

The debt market (including the issue of bonds)
Topics

Exercise (exam simulation)
Topics

Searching of information on the economic sectors.

Searching of economic and financial information on businesses.
Topics

Mid-term written exam
Topics

Library research.

Focusing on a research subject, finding a research hypothesis and setting-out
of a bibliography for a report.
Topics

The time value of money (Present Value), NPV, IRR – Exercises
Topics

Introduction to company’s value and valuation techniques
Topics

A real case of valuation
Topics

Company’s internal and external growth – the M&A market
Topics

Final written exam
Required Readings
Book: Brealey R., Myers S., Principles of Corporate Finance, McGraw Hill, 2000, and subsequent editions.
Other material: it will be published on the website of the course.
Additional reading will be suggested during the course.
Course Evaluation
Attending students can take the mid-term written exam. They can take the second written exam only if the
mark of the first one is at least equal to 16/30. Attending students, whose mark in the mid-term written exam
is not sufficient, have to take a global oral exam. It is possible to take global oral exam at the last session,
during the second written exam. Students that don’t pass second written exam have to take a global oral
exam.
Students must pass Information Literacy's exam to record the mark.