Learning objectives
The course offers a comprehensive overview on management issues in companies.
It covers management issues in main functional areas of a company. Another main
topic of this course is the quantitative analysis and the reporting of business
activities. Therefore, appropriate systems and instruments of internal and external
accounting and financial management are presented in general. Also, discounted
cash flow techniques for investment appraisal are addressed.
Course unit content
PART I: CORPORATE GOVERNANCE
PART II: BALANCE SHEET AND INCOME STATEMENT
PART III: COSTING
PART IV: CAPITAL BUDGETING
Full programme
PART I: CORPORATE GOVERNANCE
Introduction to corporate governance: Basic concepts; Main forms of companies
(SRL, SPA, etc.)
Introduction to business management: Introduction to the company and company
structure; Marketing; Production; Logistics; Distribution; Finance; etc.
PART II: BALANCE SHEET AND INCOME STATEMENT
The balance: Financial accounting; Accounts documents (list of assets, financial
state); Reading the statement of accounts;
Analysis of accounts: Balance indicators (profitability, liquidity, solidity, efficiency)
PART III: COSTING
Cost classification systems: Variable/fixed costs; Product/Period costs;
Direct/Indirect costs
Full costing: Cost allocation; Job costing; Process costing
Direct costing and Cost-Volume-Profit analysis: Direct costing; Cost-Volume-Profit
analysis; Break-even point analysis for single-product organizations and for multiproduct
organizations; Short-term decisions
PART IV: CAPITAL BUDGETING
Basic concepts: Basic concepts of investment analysis
Cash flow and investment evaluation method: Discounted Cash Flow techniques;
Net present value; Internal rate of Return; Profitability Index; Pay-Back period
Bibliography
Dispensa di Economia Aziendale
Teaching methods
The class will combine in-class explanation of the background material, problemsolving
and case discussions.
Assessment methods and criteria
Two written tests and an optional spoken test. Written tests, covering the whole
course program, include both theory questions and exercises.
Other information
Secondary books:
- Anthony, R.N., Macrì, D.M., Pearlman, L.K., "Il bilancio: strumento di analisi
per la gestione", McGraw-Hill, Milano.
- Anthony, R.N., Hawkins, D.F., Macrì, D.M., Merchant, K.A., “Sistemi di
controllo: analisi economiche per le decisioni aziendali”, McGraw-Hill, Milano.
- Anthony, R.N., Hawkins, D.F., Macrì, D.M., Merchant, K.A., “Analisi dei
costi”, McGraw-Hill, Milano
