RISK PLANNING AND BUSINESS CRISIS MANAGEMENT

Academic year
2021/2022 Syllabus of previous years
Official course title
PIANIFICAZIONE DEI RISCHI E CRISI D'IMPRESA
Course code
EM2081 (AF:331233 AR:181204)
Modality
On campus classes
ECTS credits
6
Degree level
Master's Degree Programme (DM270)
Educational sector code
SECS-P/05
Period
2nd Term
Course year
2
Where
VENEZIA
Moodle
Go to Moodle page
The course is aimed at introducing the principles, processes and operational tools to early detect and proactively manage the risk of corporate financial distress.
The principles introduced in the course have also been implemented at the regulatory level in Italy in the new Code of corporate financial distress and insolvency.
- Knowledge of the main contents of the Code of corporate financial distress and insolvency
- Knowledge of the main forward looking assessment methods of short-term financial distress risk: risk of the treasury budget and related summary indicators
- Knowledge of the main forward looking assessment methods of medium-term financial distress risk: risk of the business plan and related summary indicators
Contents of Risk Measurement
1. Risk of corporate financial distress: the new regulatory reform and the new management approaches
- the Code of corporate financial distress and insolvency
- Convergence with the contents of the banking regulation (EBA Guidelines on loan origination and monitoring)
- the Enterprise Risk Management (ERM) process
- Taxonomy of forward looking information
2. Short-term forward looking assessment: the risk of the treasury budget
- Distinction between corporate financial distress indicators and insolvency indicators
- The corporate cash flows and the assessment of their risk profiles
- Developments of the traditional treasury tools
- Use of forward looking information on treasury budget risk by financial stakeholders
3. Case study: forward looking monitoring of the treasury budget risk
4. Medium-term forward looking assessment: the risk of the business plan
- Economic and financial KPIs and the assessment of their risk profile: the ERM process
- Forward looking indicators of solvency risk
- Developments of the traditional planning tools
- Use of forward looking information on business plan risk by financial stakeholders
5. Case study: forward looking monitoring of the business plan risk
lecture notes and slides
Written exam
Lectures and case studies discussions
Italian
written
Definitive programme.
Last update of the programme: 29/09/2021