Politecnico di Torino
Politecnico di Torino
Politecnico di Torino
Academic Year 2012/13
Company economics
1st degree and Bachelor-level of the Bologna process in Automotive Engineering - Torino
Teacher Status SSD Les Ex Lab Tut Years teaching
Randazzo Gaspare ORARIO RICEVIMENTO     42 18 0 0 6
SSD CFU Activities Area context
ING-IND/35 6 D - A scelta dello studente A scelta dello studente
Subject fundamentals
The course presents the key documents that represent the economic and financial performance of an enterprise explaining the theoretical approach and providing examples of use especially with reference to the Automotive field
It shows the different calculations of the cost of a product and the links between costs and incomes of the products and the P&L of the Company
It also presents key business processes of planning and controlling and shows the economic and financial consequences of the events that occur in the daily work of the various business areas.
The main objectives of the course are to develop the understanding of economic and financial documents and the capacity to analyse the most important cost factors
Expected learning outcomes
Through lectures and exercises based on real cases, the students will develop knowledge about reading the financial statements of an industrial company and understanding newspaper articles about financial topics as well as understanding the economic and financial consequences of the actions that take place and the decisions made in the daily work of each sector of business
The students will acquire kills in contributing to the preparation of business plans, the analysis of deviations from the plans, the definition and control of corrective actions.
Prerequisites / Assumed knowledge
Knowledge of the basics of differential calculus.
The plan of the lectures is composed of 3 parts: Company Economics, Cost of a Product, Planning and Controlling
To the first part, Company Economics, we will dedicate 20 hours
In this part we will introduce the notion of Enterprise and we will present the Profit & Loss and the Balance Sheet in the format used for Statutory Statements and for Controlling purposes, as well as Cash-Flows, Financial Indicators and Value Creation.
To the second part, Cost of a Product, we will dedicate 15 hours
This part will present the notion of Cost of a Product in both, Development and On-going phases, including the basics of Target Costing, Cost Allocation and Standard Costs
The third part, Planning and Controlling, will last 25 hours
It will contain the basics of Long Term Plans, Business Plans, Budgets and Budgetary Control, including the Variances Analysis and the methods to define and follow-up the Action Plans to recover discrepancies. It will also include the study of the Investments and of the Cost Deployment techniques for the continuous improvement of efficiency and quality in manufacturing processes
It will end with an overview of the industrial indicators.
Delivery modes
The exercises will refer to all the topics covered in lectures.
Texts, readings, handouts and other learning resources
Copy of the slides and files Excel with the exercises posted on WEB portal.
There is no textbook.
Assessment and grading criteria
The evaluation will be based on the result of a written test with exercises, open or closed questions on the course contents, in accordance with a previously assigned score for each one.
The maximum mark of the written test will be 26/30
Students who pass the written test can improve their result on oral examination on a voluntary basis
The outcome of the hearing may result in an improvement, a confirmation or a worsening of the mark of the written test.

Programma provvisorio per l'A.A.2012/13

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