The course is made of three parts: general ledger, management accounting, investment appraisal.
GENERAL LEDGER: the student should learn how to translate daily organizational events (sales, purchases, credits, debts…) into appropriate budget items using double-entry bookkeeping, drawing up of the budget; the student will be able to make easy ratio analysis and leverage analysis on given balance sheets.
MANAGEMENT ACCOUNTING: the student will be able to make cost analysis according to the main accounting methods; the student will be able to set and provide a solution to easy short-term decision making problems (make or buy, marketing mix decision making, break even analysis).
INVESTMENT APPRAISAL: the student will learn to set and provide a solution to simple investment appraisal problems applying the main discounted cash flow methods both pre and post taxes.
Lectures and practice
GENERAL LEDGER: balance sheet main components: assets and liabilities, profit and loss account; double-entry accounting; reclassification of financial statements; ratio analysis; financial leverage
MANAGEMENT ACCOUNTING: cost analysis; full costing and direct costing; job order costing, process costing, activity based costing; make or buy, marketing mix decision making, break even analysis.
INVESTMENT APPRAISAL: discounted cash flow analysis: net present value; internal rate of return; payback time; pre-tax vs post-tax discount rate
Analisi di bilancio. Strutture formali, indicatori e rendiconto finanziario, Ugo Sòstero, Pieremilio Ferrarese, Giuffrè ed.
SILVIA MASSA (President)
STEFANIA TESTA (President)
MARCO RABERTO
CORPORATE ECONOMICS
Written examination. Oral test optional. During lesson-time it will be possible to sit intermediate tests on each part of the course.
Pre-requisites :
None
