Politecnico di Torino
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Politecnico di Torino
Academic Year 2007/08
02BUUBK
Fundamentals of company economics
1st degree and Bachelor-level of the Bologna process in Automotive Engineering - Torino
Teacher Status SSD Les Ex Lab Tut Years teaching
Fontanini Raffaele       40 12 0 0 7
Fontanini Raffaele       40 12 0 0 7
SSD CFU Activities Area context
ING-IND/35 5 T - Attivita formative caratterizzanti transitate in discipline affini o integrative Ingegneria gestionale
Objectives of the course
To provide the knowledge of the economic/financial dynamics of the manufacturing firm and the instruments for their representation, as well as the techniques and methodology for controls and analysis of the condition and economic/financial results of the same.
Expected skills
The student should be capable of linking the typical processes of the manufacturing firm to its dynamics and economic/financial performance; understand the significance of the periodical economic/financial documents and summaries; understand and know how to use the elementary methods for financial diagnosis.
Prerequisites
To be in possession of the knowledge relative to the Statistics module.
Syllabus
The first part of the module will illustrate the fundamental concepts relative to accounts, financial analysis and indications of the firms economic/financial performance, and provide the basic knowledge to those who have to utilize information produced by accounting systems.
The chapters are:
Introduction and Business concept
Business Economics:
- The economic Account
- The Balance Sheet
- Economic/Financial performance indicators
- Economic Value Added
Financial and Cash Flow Management
The second part will take a look at the business control and explain the planning and control instruments paying particular attention to the cost of the product and valuation of the investments. Here also, the outlook is not for those who have to elaborate on the information but more for those who have to use the information.
The chapters are:
Planning and Control
- Strategic Planning
- The Budget
- The Control
The unitary cost of the product
- Direct and indirect costs
- Cost reversal on the cost centres
- Calculation of the unitary cost of the product
The standard costs
- Determining the standard costs
- Target costing
Management control
- Aim
- Variance analysis
The relevent decision costs
The valuation of investments
- Basic Concepts
- The quantatitve valuation
Laboratories and/or exercises
The training consists of:
elaboration of a financial statement and a finanacial report
calculations of company profitability
analysis of the variances
valuation of the investments
Bibliography
Lesson notes.
Reference texts on the subjects covered in the course:
Borsic D. Gios A., Economia d'impresa, ISVOR-FIAT.
Anthony R. Hawkins D. Macrž D. Merchant K., Sistemi di controllo, McGraw-Hill.
Revisions / Exam
The exam consists of a written test.

Programma definitivo per l'A.A.2007/08
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