Who should conduct the Verification You are exempt from the Personal Readiness Test if you are a graduate in class L-18 or class 17 with a graduation grade of 99/110 or higher. How it works The verification will be carried out by means of a test on the basic knowledge fundamental to tackling the course. If you do not pass the test, you can retake it. The test consists of 5 open questions to be answered in writing in 1 hour. You pass the test if you obtain a mark equal or higher of 18/30. Where and when Check the updated dates and modalities on the dedicated page of the Department of Economics website. To prepare you Corporate part (two questions): ability to frame a company's performance in the light of the sectoral and environmental context in which it operates knowledge of the main business processes and functions ability to define and analyse the conditions of a company's economic-financial equilibrium knowledge of the main sources of financing, as well as the concepts of financial requirements and self-financing ability to reconcile the economic result and operating cash flow knowledge of the accounting records of the main business transactions (purchases/sales of goods and services, financing, investments in financial instruments) knowledge of the general criteria for the preparation (postulates, valuation and presentation) of financial statements (balance sheet and profit and loss account) according to Italian rules and its main functions awareness of the structure (and partial results) of the cash flow statement . knowledge of the main balance sheet ratios and the fundamental elements of product costing . For preparation, we recommend a review of the above topics within the Business Administration, General Accounting and Management Control programmes . Legal part (two questions): Shares Groups of Companies the assembly administration the Board of Auditors . Accounting Control the Alternative Systems of Administration and Control the resolutions of the Shareholders' Meetings in the spas and the decisions of the shareholders in the srl knowledge of the discipline of extraordinary transactions in joint-stock companies Corporate Finance part (one question): capital budgeting techniques the cost of capital financial structure choices balance sheet analysis by indexes and flows Reference texts: Introduction to Business Economics (L. Marchi, ed.) Company Accounting and Financial Statement Values, Fifth Edition (L. Marchi, ed.) Balance Sheet and Accounting Principles (A. Quagli), chapters 1 and 2 Campobasso's Handbook, Commercial Law, Vol. 2, Company Law, chapters V, VII, VIII, IX, X, XI Textbook studied for the Commercial Law exam . Corporate Finance (S. Ross, D. Hillier, R. Westerfield, J. Jaffe, B. Jordan), 2018, third edition, chapters 3, 6, 10 and 15 Examples of questions Business Economics: Define the concept of self-financing and its relevance to business economics . Define the concept of financial equilibrium . Define the concept of depreciation and its impact on the balance sheet, income statement and cash flow statement . Define the main functions of financial statements . The content of the postulate of neutrality according to the OIC accounting principles should be clarified, specifying the possible deviations from the principle itself . Define the concept of capitalisation of costs in relation to the postulates of financial statements . Commercial Law: Clarify what actions of liability may be brought against the directors of a joint-stock company . Clear what are the limits on the purchase of treasury shares . Please clarify when a company can be defined as a 'subsidiary' . Corporate Finance: Define the concept of cost of equity and state the formula for its measurement, specifying what each component represents . Outline the advantages of using NPV as a tool for evaluating investment projects . Explain the main limits to corporate debt . Commission The committee is composed of Professors Paola Ramassa, Marco Arato, Rosalia Santulli. .
