At the end of the module the student will be able to:
1) Analyze (in terms of profitability, liquidity, solidity and efficiency) the balance Sheets and the profit and loss statement;
2) Define suitable cost accounting systems, for cost evaluation and analysis, both in manufacturing and process industries;
3) Assess the profitability of alternative investments.
Course contents summary
The module offers a comprehensive overview on management issues in companies.
After a preliminary analysis of the main processes and functional areas of a company, several techniques for financial and economical analyses are introduced. Specifically, the main topic of the module 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. Discounted cash flow techniques for investment appraisal are addressed as well.
Accounting Text and Cases, 11th Edition, by Robert N. Anthony, David F. Hawkins, Kenneth A. Merchant. Publisher: McGraw-Hill Publishing Co. ISBN: 0072936452
Notes prepared by the teacher will also be given to the students of the module.
Classes will combine in-class explanation of the background material, problem-solving and case discussions. Specifically, numerical cases will address the main topics covered in Sections II-III-IV of the module.
Assessment methods and criteria
The final test is made by a written and by an oral part. Specifically, the written test covers the whole course program, including both questions and numerical exercises. To be admitted to the oral test, the student must be sufficient in the written part.