Politecnico di Torino
Politecnico di Torino
Politecnico di Torino
Academic Year 2009/10
Economics and business organization
1st degree and Bachelor-level of the Bologna process in Logistics And Production Engineering - Torino
1st degree and Bachelor-level of the Bologna process in Business Organization Engineering - Torino
Teacher Status SSD Les Ex Lab Tut Years teaching
Neirotti Paolo ORARIO RICEVIMENTO O2 ING-IND/35 120 0 0 0 11
SSD CFU Activities Area context
ING-IND/35 10 B - Caratterizzanti Ingegneria gestionale
Objectives of the course
Managerial accounting information is used within an organization for planning, control, motivation, and decision-making. The course will focus on describing the nature and purpose of both financial and management accounting. The first part is focused on providing a general overview of financial accounting and is addressed at providing students with the capability to analyze a financial statement. The second and the third part have more a managerial focus, and they describe the nature of costs and how the information embedded in costs can be used in managerial decision-making processes.
The learning Objectives of this course are:
 Understand how to evaluate the capability of a firm to realize its general business objectives in terms of:
o return on investments;
o capability to maintain a sound financial position
 Develop an understanding of how to utilize accounting information in the planning and control of an organization's operations.
 Strengthen the use of analytical models/tools in solving commonly encountered business problems.
 Analyze problems concerning asset acquisitions, inventory control, profit maximization, performance evaluation, and financial planning by using accounting data.
 Develop and demonstrate an understanding of how cost will be accumulated for product and how can be allocated between departments and products.
 Students will be able to think clearly about the organizational implications of the decisions that are based on cost information
 Analyze common business decisions using the cost-volume profit model.
Syllabus: more informations
Part I. Financial Accounting
1. Nature of Financial Accounting Principles
2. The Balance Sheet
a. Basic concept: the cost concept, the fair-value concept, the entity concept
b. The fundamental accounting equation
c. An overall overview
3. The Income Statement
a. Basic concept: the accounting period concept, the matching concept, the conservation concept
b. The relation between income and owners' equity
c. Recognition of expenses
d. Amortization and depreciation of long lived nonmonetary assets
4. Financial Statement Analysis
Part II. Management Accounting
1. The nature of management accounting: differences between financial and management accounting
2. the behaviour of costs
a. variable and fixed costs
b. cost volume diagrams
c. break even analysis
d. operating leverage
3. cost concepts
a. cost object
b. full cost
c. direct and indirect costs
d. non manufacturing costs
Part III. Long run decisions: capital budgeting
1. nature of the problem
2. general approach
a. net present value
b. return on investment
3. estimating the variables: required rate of return; economic life; cash flows; terminal value; non monetary considerations
4. other methods of analysis: internal rate of return; pay back; annual equivalent return

Programma provvisorio per l'A.A.2006/07

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