Study Visit of Prof. dr Gordana Vukelić to the Faculty of Management (SAA), University of Turin

01 June 2008

TEMPUS PROJECT: Business University of the New Age in Serbia - BUONA

Study Visit of Prof. dr Gordana Vukelić to the Faculty of Management (SAA), University of Turin

Visit period: 1–14 June 2008
Activities: Development of syllabus for the subject Analysis of Financial Statements within the planned Master and MBA programs

Professor Gordana Vukelic attended the course Analysis of financial statements on the SAA in Turin and with Professor Roberto Schiesari discussed about the contents and methodology of its performance. She also met with colleagues from the Department of Business Administration, and discussed issues related to the subject Analysis of financial statements, using case studies in working with students and exchanged the video and written materials, references and relevant articles. She met and spoke with an Associate Professor Marco Elia and Professor Giuseppe Dutto about the work on further development of the subject.

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The following topics within the subject Analysis of the financial statements were particularly analyzed:

  1. Financial analysis and financial information
  2. Financial statements and creativity
  3. Ratio analysis: methods and basic issues
  4. Time series and forecasting
  5. Capital markets and asset evaluation
  6. Accounting, Value and Capital Market
  7. The relationship between accounting and economics basis
  8. "Takeover" and related activities
  9. Prediction of corporate failure and credit rating
  10. Reporting on social and wider external environment and employees
  11. Accounting Regulation

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The study of financial analysis presents a demanding mix of interdisciplinary techniques which involves a wide range of methodologies and theories related to finance, economics, accounting, strategy and sociology. These disciplines are incorporated in one eclectic whole in the subject Analysis of financial statements aiming to explain how to analyze and interpret financial information for the evaluation of performance and prospects of the company. It was agreed that the new study program should include the facts concerning the behavior of companies, financial information and financial analysis, and to include the latest theoretical developments in this area. This program should cover the basic knowledge and skills and their application in a variety of analytical tasks, including analysis of mergers, prediction of bankruptcy, investment decisions and reporting on the state of the environment.