Docente

prof. Guido NASSIMBENI

Credits

6 CFU

Language

Italian

Objectives

The course covers the fundamentals of the economic-financial system: structure and logic of the financial statements, meaning and placement of the main elements of the balance sheet; structure and connection between the Balance Sheet, the Income Statement and Cash Flow statement; Investments analysis, price-cost-volume relations and the cost-effectiveness evaluations associated with certain business decisions. The course also gives some elements of commercial law (partnership agreement, types of companies, corporate governance, stocks and bonds) and operation in the stock market.

Acquired skills

- To know the articulation and the purposes of the economic-financial system.
- To comprise the structure and logic of the balance sheet elements.
- To know the meaning and the positioning of the main balance sheet elements.
- To develop an investment analysis choosing the appropriate method.
- To evaluate the economic convenience of new products - ventures.
- To evaluate the economic convenience associated to the maintenance of a product line and to make-buy choices.

Lectures and exercises (Topics and specific content)

The company: definition of Organization; Business and Environments; elements of trade law, contracts, limited and non-limited liability company; the governance of a company; stocks and bonds; types of stocks; funds; financial markets, definition, vigilance, prices and dealing, indices (6 hours).
Elements of general accounting: elements of general accounting; the economic, financial, operational cycles; the Balance sheet; structure and statements of the Balance sheet; writing of an amortization plan; warehouses evaluation; index analysis, description of the patrimonial and economic situation of a company (20 hours).
The assessment of investment projects: the cash flow analysis of an investment; capitalization; criteria of investment appraisal, pay back period, discounted pay back period, net present value, internal rate of return (18 hours).
Other evaluations of economic convenience: the price-cost-volume relations; the diagram of profit and the break-even analysis; the make-buy choices (8 hours).
Introduction to the Management Accounting: objectives. Infrastructure. Requirements. Cost, revenue, profit centres (2 hours).
Tutorials / Seminars (6 hours).

References

- Nassimbeni G., Economia Aziendale, Appunti e Dispense delle lezioni, 2013
- Mayer S:, Guglielmini M., Che cosa è e come si legge un bilancio di esercizio, ISTUD, 1993
- Sciarelli S., Economia e gestione dell'impresa, CEDAM, 1997

Type of exam

Written and oral