•GUIDA ECONOMIA 07-08 - Università degli studi di Udine

252 prospectus pordenone
Second volume: Le società. The whole volume
must be studied; no parts are excluded.
Students should study the manual and an
updated version of the Italian Civil Code.
Knowledge of the company law reform
(2003) and subsequent amendments is a
pre-requisite. The manual has been
updated to comply with Legislative
Decree 310/04.
Students owning to the old degree system
shall have to sit the ‘Commercial Law 1’
exam with the following supplementary
material:
- G.F. CAMPOBASSO, Diritto commerciale,
third volume, Contratti, titoli di credito,
procedure concorsuali, latest edition (only
the section regarding insolvency procedures).
Students should be familiar with
the amendments to bankruptcy Law
80/2005 and with Legislative Decree
347/03 and subsequent amendments
regarding material insolvencies ‘situazioni
di crisi particolarmente rilevanti’.
Exams
Since 1 January 2006 (for exams referring to
sessions prior to this date, the old terms and
conditions and programs apply)
The exam is written and includes three
topics (no multiple choice questions).
The last question is made up of two parts:
one for students studying under the old
degree system (Vecchio ordinamento)
(section on insolvency) and one for students
studying under the new system
(Nuovo ordinamento). Students are given
30 minutes to answer. In cases which are
not straightforward, a supplementary oral
examination may be required. The correction
and marking of the papers, the
possible supplementary oral examination
and the registration of the exam will take
place immediately after the written exam,
except if there are a large number of candidates.
Marks can only be registered on
the same day as the exam. Should it is not
be possible to correct and mark the
papers immediately after the written
exam, another day and time will be
arranged for exam registration and possible
oral exam. Students must come for
registration in person. Students who have
passed the written examination but who
fail to turn up for registration and the
possible supplementary oral exam, will
have to re-sit the written examination.
CORPORATE FINANCE
Prof. Gabriele Toniolo
Aims
The purpose of the course is to provide
the students with the principles and basic
skills for the comprehension of corporate
finance. To this end, the program is comprised
of three parts which aim respectively
to explain the differences between
an accounting and a financial approach,
to develop the skill required to diagnose
corporate situations and perspectives and
to select the best criteria for financial
decisions.
Contents
Valuing investment projects
Net present value (NPV).
Other criteria for investment decisions.
Invested capital.
Cash flows.
Discount rate.
Cash flow determination.
Valuing corporations
Flow-based approach: income method.
From accounting income to flows of
income.
Prospective incomes.
Financial method and possible approaches.
Analysis of management areas.
Financial and fixed asset management
analysis.
Economic management analysis.
Firm equilibrium.
Flow-based analysis.