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Date Submitted: 03/04/2014 12:50 PM
Accounting and Corporate finance
COURSE SCHEDULE 2013/14
Lecturers: Prof. Giuseppe Scellato
Prof. Federico Caviggioli
Contacts:
Prof. Giuseppe Scellato
tel: +39 0110907270
mail: giuseppe.scellato@polito.it
website: is.polito.it/personal/giuseppescellato.html
Prof. Federico Caviggioli
tel: +39 0110903344
mail: federico.caviggioli@polito.it
website: is.polito.it/personal/federicocaviggioli.html
PART I: Financial Accounting
1. BASICS
- The structure of financial statements
- Financial accounting: principles and methods
- International Financial Reporting Standards (IFRS / IAS: International Accounting Standards)
- The accounting process: T-accounts
- End-of period adjustments
2. ASSETS, LIABILITIES AND STOCKHOLDERS’ EQUITY
- Revenues, receivables and cash
- Bad debts
- Cost of goods sold and inventory
- Property and intangibles
- Bonds and owner’s equity
- Investments in other corporations
- Payroll Accounting and taxes, deferred taxes, leasing
3. THE CASHFLOW STATEMENT AND THE ANALYSIS OF THE FINANCIAL STATEMENT
- Cash flow identification methods
- Financial statement ratios and indexes
- Classification
PART II: Corporate Finance
1. INTEREST RATES
- Basics of actuarial mathematics
- Term structure of interest rates: spot and forward rates
- DCF, IRR, PB
2. BONDS
- Typologies
- Introduction to rating systems
- Principles of pricing
- Duration
- Interest rate risk and immunization
3. STOCKS
- Typologies
- The dividend discount model
4. RETURN AND RISK: THE CAPITAL ASSET PRICING MODEL
- Introduction to the mean-variance portfolio theory
- CAPM: assumptions and criticalities
- The Capital market Line, the Security Market Line and applications
- Models for estimating stocks’ Beta
6. CAPITAL STRUCTURE AND FIRM VALUE
- The Modigliani-Miller theory
- Financial leverage and firm value
- Corporate and individual taxation
- Bankruptcy costs
7. VALUTAION AND CAPITAL BUDGETING FOR THE...