You are here:

84034 - Business Valuation and Business Combination

Academic Year 2019/2020

                
                        Docente:
                        Ivanoe Tozzi
                    
                        Credits:
                        12
                    
                        SSD:
                        SECS-P/07
                    
                        Language:
                        Italian
                    
                        Moduli:
                        
                            Ivanoe Tozzi
                            (Modulo 1)
                        
                            Alessandro Ricci
                            (Modulo 2)
                        
                        Teaching Mode:
                        
                                    Traditional lectures (Modulo 1)
                                
                                    Traditional lectures (Modulo 2)
                                
                            Campus:
                            Rimini
                        
                            Corso:
                            Second cycle degree programme (LM) in
                            Business Administration and Management (cod. 8842)

                                Also valid for
                                
                                    Second cycle degree programme (LM) in
                                    
                                        Business Administration and Management (cod. 8842)
                                    
                            Teaching resources on Virtuale

Learning outcomes

At the end of the course, students know

- the conceptual framework of Business Valuation in Italian Accounting Models and the main methods used by the best practice

- merger and acquisition operations according to the Italian civil law and the Italian fiscal law.

Course contents

Part 1 Business Valuation

Introduction to Italian Approach to Business Valuation vs International Appraising Models

Equity Book value vs Equity Economic Value in Italian Accounting Literature

Classical Approaches to Equity Economic Value in Italian Accountn Literature

Adjusted Book Value Methods

Discounted future Earnings Methods

Discounted Cash Flow Methods

Ibrid Mthos

Empirical Methods (rules of Thumb)

Part 2 Business Combination

Merger and acquisition operations according to the Italian civil law and the Italian fiscal law.

Readings/Bibliography

PART 1

Ieacher's slides on IOL

Paganelli O. Valutazione delle aziende Utet, Torino, 1990
Guatri L. – Bini M. Valutazione delle aziende Egea, Milano, 2007
Liberatore G., La valutazione delle PMI Franco Angeli, Milano, 2010
Zanda G. – Lacchini M. – Onesti T. La valutazione delle aziende Giappicchelli, Torino, 2013
Gonnella E. Logiche e metodologie fi valutazione d’azienda Pisa University Press, Pisa, 2013
OIV – Organismo Italiano di Valutazione Principi Italiani di di Valutazione 2015 Milano, Egea, 2015
Fusa Emanuela, La valutazione d'azienda, Sistemi Editoriali, Napoli, 2010

PART 2

Teacher's slides on IOL

Savioli G., Le operazioni gestione straordinaria, Giuffrè, Milano, 2012

Caratozzolo M., I bilanci straordinari, Giuffrè, Milano, 2009

Montrone A. e Musaio A., Capitale e operazioni straordinarie, McGraw-Hill, Milano, 2010

Teaching methods

frontal lessons

Assessment methods

Written exam consisting of exercises and questions

Teaching tools

Slides and other on IOL

Office hours

See the website of Ivanoe Tozzi

See the website of Alessandro Ricci