Special issues in Financial Analysis

Rationale
The course aims to introduce students to the basics of financial analysis in order to achieve the smooth financial operation of every business and organization. It also seeks to familiarize students with new financial tools and techniques offered in Greece and internationally. So the students, having acquired the necessary analytical capacity, will be able to take rational decisions on the optimal way of financing and management of an economic unit, from the beginnings of an investment proposal and any subsequent stages of development. Specific needs such as coverage of the company against risk, improve liquidity, credit creation, the creation of capital - equity, etc., needs are different from phase to phase, also serve different targets and, of course, considering the risk also varies, depending on the time horizon of investment, are treated differently than the current allocated resources and financing techniques.
Additionally, students will become familiar with how corporate decision-making on the planning of capital investment (capital budgeting), both conventional and innovative investments. While analyzing the necessary preparation and conditions required of a company to attract capital.
Indicative Content
Functions and Objectives of Financial Analysis and Management and the role of financial markets
Financial Analysis and Planning
• Financial Statement Analysis
• Analysis of impact indicators of inflation in the analysis
• Financial forecasting
• Operating and Financial Leverage
Working Capital Management
• nature of active growth and financing models
• The financial decision and procedures in relation to the structure of interest rates
• Inventory Management as the business stage and Inventory management models
• The management of current assets, short-term financing sources
• Management and handling for investment securities and accounts receivable

Capital budgeting

  •  The time value of money and present value
  •  Valuation and rates of return
  •  Valuation of bonds and shares
  •  Cost of capital and optimal capital structure
  •  Capital budget and the capital risk
  • Long-term financing
  •  Capital markets and corporate finance
  •  Investment banks and financing from capital markets
  •  Sources of long-term credit
  •  Financing through bonds and leasing
  •  International long-term financing(ADR's etc)

Indicative Bibliography

• Allen Linda, 1997, Capital Markets and Institutions:- A global view: - JOHN WILLEY.
• Brealey, R.A and Myers S.C. ,2000, ‘’Principles of Corporate Finance’’, 7th ed., New York: McGraw-Hill.
• Alexander G, and Sharpe W. and Bailey J. Bailey, 2001, ‘’Fundamentals of Investments’’, 3rd ed., New York: Prentice Hall.
• Gordon, Myron J. (1962), The Investment, Financing and Valuation of the Corporation, Richard D. Irwin, inc. : Homewood, Illinois, 1962.
• Sandomero Antonio and Barrel David, 2001, “Financial Markets Instrument and Institutions”, Irwin,.
• Saunders Cornett , 2003, Financial Markets and Institutions., Mc Crow - Hill - I.E.
• Levich M. Richard:,2001, “International Financial Markets: Prices and Policies”, McGraw-Hill International Edition, 2nd Edition, 2001.
• Levis, M. 1989. Stock market Anomalies. Journal of Banking and Finance, September: 675-696.