37299 - Financial Analysis

Academic Year 2021/2022

  • Teaching Mode: Traditional lectures
  • Campus: Forli
  • Corso: Second cycle degree programme (LM) in Economics and management (cod. 9203)

    Also valid for Second cycle degree programme (LM) in Economics and management (cod. 9203)

Learning outcomes

The goal of this course is to provide students with an understanding of a business financial performance. Specifically, students will learn how to: - execute and interpret a business financial performance using profitability, liquidity, gearing, efficiency, working capital and cashflow ratios; - assess business operating and financial risk; - use financial analysis tools for designing benchmarking and improve a company business model.

Course contents

  • The role of management control systems in firm's performance management
  • Business model performance and value creation
  • Measures of value creation
  • Understanding Financial Statement
  • Profitability ratios and drivers of profitability
  • Operating and efficiency ratios
  • Assets management ratios
  • Financial policy ratios for liquidity and assets coverage analysis
  • Working capital management ratios
  • Operating, financial and overall risk assessment ratios
  • Benchmarking and use of financial ratios for understanding business model environment (customers, suppliers, competitors)
  • Cash Flow Statement analysis
  • Prospective analysis (forecasting)


Palepu, K., P. Healy, and E. Peek, Business Analysis and Valuation: IFRS Edition, Cengage Learning, 4th Edition, 2016, ISBN 9781473722651, chapters from 1 to 6 only.

Additional mandatory reading materials, slides and exercises/assignments useful to pass the exam will be available on the e-learning platform of the course on virtuale.unibo.it

Teaching methods

Lectures, case studies, project work

Assessment methods

Written exam and group project work (group project work only for attending students)

  • Sufficient preparation and skills, expressed in substantially correct language: 18-22
  • Technically adequate preparation, discrete analytical skills, even if not particularly deep, expressed in a correct language: 23-26;
  • In-depth knowledge of the topics, good analytical and critical skills, mastery of specific terminology: 27-29;
  • Very in-depth knowledge of the topics, critical analysis and connection skills, mastery of specific terminology: 30-30L.

Teaching tools

E-learning platform

Office hours

See the website of Filippo Boccali


Quality education Decent work and economic growth Industry, innovation and infrastructure

This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.