FINANCIAL MARKET AND INSTITUTIONS
cod. 1010945

Academic year 2022/23
1° year of course - First semester
Professor
SOANA Maria Gaia
Academic discipline
Economia degli intermediari finanziari (SECS-P/11)
Field
Aziendale
Type of training activity
Characterising
56 hours
of face-to-face activities
8 credits
hub: PARMA
course unit
in ITALIAN

Learning objectives

The course aims to deepen the understanding of criteria and
methodologies for the analysis of financial equilibrium. Students will
acquire skills and abilities to identify problems and make appropriate
choices in the field of firm financial management.
At the end of the
course, students will have acquired:
a. the knowledge required to understand and describe in detail the
concept of financial equilibrium, as a condition for firm competitiveness
on capital markets, and also knowledge of methodologies for the analysis
and monitoring of financial management.
b. the knowledge of financial theory guidelines for the optimization of
financial choices in the use of capital and the ability to apply
methodologies for the analysis of performance in terms of value creation;
c. the ability to plan and monitor firm growth paths and critically assess
financial sustainability using independent judgment;
d. communication skills with company and bank management in the
analysis of financial statements and business plans for the evaluation of
creditworthiness;
e. the knowledge of working methods for financial analysis and the ability
to critically evaluate, with independent judgment, the degree of potential
stability of firms in relation to adverse dynamics of the economic cycle,
market conditions and the resulting degree of creditworthiness.

Prerequisites

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Course unit content

- Financial analysis. Historical financial analysis: balance sheet, balance
sheet reclassification, balance sheet ratios, cash flows analysis.
- Financial forecasting: financial plans and their construction.
- Company evaluation.
- Agricultural commodity risk and hedging techniques. Agricultural
commodity markets.

Full programme

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Bibliography

Analisi Finanziaria, Mc GrawHill Education (2018), Regalli, Soana,
Tagliavini (edited by). Chapters 3, 4, 6, 9, 10, 11 and 13.

Online course materials.

Teaching methods

• Knowledge and understanding: lectures
• Applying knowledge and understanding: exercises
• Making judgments: during this module, students will be encouraged to
identify strengths and weaknesses of company financial structure
• Learning skills: for each topic the main problem to be solved will be
introduced, and then the solutions adopted will be critically analyzed
• Communication skills: the teacher will illustrate the meaning of the
most common terms used by the financial community.

Assessment methods and criteria

Written test.
During the written test it is not allowed to consult any
educational material or electronic device, except for the calculator.
The acquisition of the ability to communicate with appropriate technical
vocabulary will be assessed through 3 closed-ended questions about the
meaning of terms used in the field of corporate finance. Each question
will be assessed 1 point.
The acquisition of basic knowledge of institutions, methodologies,
theories and concepts will be assessed with 3 open-ended questions.
Each question will be assessed 3 point.
The acquisition of the ability to apply methods of analysis methods will be
assessed through two exercises. Each exercise will be assessed 7 points.
The acquisition of learning skills and autonomy of judgment will be
evaluated with 2 open-ended questions. Each question will be assessed 3
point.

The "laude" will be attributed to the achievement of an evaluation of at
least 31/32 points.

The results of the written exam are published on the ESSE3 portal and
students can see the results of the tests, after appointment with the
teacher.

If the COVID-19 sanitary emergency will continue, the exam will
be oral. It will be organized through the Teams platform.

Other information

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