CODE 90550 ACADEMIC YEAR 2020/2021 CREDITS 3 cfu anno 1 AMMINISTRAZIONE, FINANZA E CONTROLLO 8706 (LM-77) - GENOVA TEACHING LOCATION GENOVA SEMESTER 2° Semester TEACHING MATERIALS AULAWEB OVERVIEW This course is the first of two that are offered in collaboration with AIAF (Italian Association of Financial Analysts). The course aims to integrate the knowledge accumulated during the post-graduate degree in Administration, Finance and Control. It aims to specifically prepare the students who look to take the exam to become a Certified International Investment Analyst (CIIA). AIMS AND CONTENT LEARNING OUTCOMES The course aims to integrate the content of curriculum courses in the study plan carried out in collaboration with AIAF (Italian Association of Analysts and Financial Advisers). The course will focus on Corporate Finance, focusing on some aspects of corporate evaluation, mergers and acquisitions and international corporate finance; Portfolio management focusing on the issue of market efficiency, ALM models and risk indicators; Fixed income by deepening the basic concepts of interest rate structure, characteristics of the main types of fixed income securities, fixed income portfolio management techniques. AIMS AND LEARNING OUTCOMES At the end of the course, the student will be able to: Understand and elaborate on basic concepts of present value, interest rates and the risk-return trade-off. Appreciate and solve main problems regarding the decision among alternative investments in the corporate sector; Comprehend and analyse the different types of fixed income financial instruments (bonds) and their functioning. Comprehend and analyse the different types of equity instruments (shares) Discuss with general notions the main issue of the portfolio investment. Solve and discuss real-world case studies of financial instruments evaluation and alternative investment decision. TEACHING METHODS Face-to-face lectures, case study discussions in student groups, practices and exam questions simulation. SYLLABUS/CONTENT The course is offered during 12 face-to-face lectures of 2 hours, according the following schedule: Lecture Topic 1 Introduction to the course CIIA exam and course objectives The role of the financial analyst and her/his professional activity Rules and professional ethics 2 Time value of money - Interest rates Annuity and perpetuity 3 Risk and return CAPM and WACC 4 Corporate Finance: capital budgeting NPV and IIR for investment decision 5 Fixed income Valuation and analysis: Debt instruments Types and hybrid forms 6 Quantitative analysis of bonds part 1 Examples and practices 7 Quantitative analysis of bonds part 2 Examples and practices 8 Examples and case studies on Fixed income valuation 9 Equity valuation and Analysis: Evaluation methods 10 Case study/practices on Equity valuation 11 Intro to portfolio management 12 Bloomberg basic RECOMMENDED READING/BIBLIOGRAPHY The learning materials for the lectures and the exam preparation are made available on Aulaweb or provided in class by the lecturer. Students are advised to register to the course on Aulaweb and to verify they are granted access to the University Library online system and are able to download articles and journals. TEACHERS AND EXAM BOARD SIMONE LIGATO GIULIA LEONI Ricevimento: Wedensday 11 am - 1 pm on Microsoft Teams or by requesting an appointment via email. Exam Board GIULIA LEONI (President) SIMONE LIGATO LESSONS LESSONS START 2nd Semester Class schedule FINANCIAL ANALYSTS 1 EXAMS EXAM DESCRIPTION Written exam: In the written exam, the student is required to demonstrate her/his knowledge of the subject. The exam is a mix of multiple choice questions and open-ended questions, covering both theoretical or practical aspects. The exam can be repeated. Exam schedule Data appello Orario Luogo Degree type Note 11/01/2021 14:30 GENOVA Scritto 25/01/2021 14:30 GENOVA Scritto 08/02/2021 14:30 GENOVA Scritto 03/05/2021 14:00 GENOVA Orale 07/06/2021 14:30 GENOVA Scritto 21/06/2021 14:30 GENOVA Scritto 05/07/2021 14:30 GENOVA Scritto 06/09/2021 09:30 GENOVA Scritto