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Politecnico di Torino
Academic Year 2016/17
06ARHNE
Economics and business organization
Master of science-level of the Bologna process in Mechanical Engineering - Torino
Teacher Status SSD Les Ex Lab Tut Years teaching
Guelfi Silvano ORARIO RICEVIMENTO RC SECS-P/07 60 20 0 0 7
Ragazzi Elena Maria ORARIO RICEVIMENTO     53 27 0 0 15
SSD CFU Activities Area context
ING-IND/35 8 C - Affini o integrative A11
Subject fundamentals
The main objective of the subject of Economics and Business Organization is to provide the student with a basic scientific knowledge of:
- the underlying principles of the economic, financial and competitive equilibrium of the business system;
- the use of the budget control system with a focus on the most important cost-definition and cost-control methods.
With this aim, the subject provides students with the necessary cultural and methodological tools.
Expected learning outcomes
- Knowledge and understanding of the guiding principles of the general accounting and the financial statements, the economic, financial and competitive balance of the company system, the use of the business budget control system with particular focus on the most relevant methods of determination and control of business costs.
- Practical application of the acquired knowledge with the related ability to account for the main business events, to draw up an annual financial statement, to calculate the economic, financial and competitive balance of the company's indicators, to build and use a control system Business budget.
Prerequisites / Assumed knowledge
The Subject does not require specific prior knowledge, a part of basic subject, in particular those provided by Mathematical analysis.
Contents
Part 1.
1. Accounting. Definition and nature.
2. General Accounting. Aims.
3. General Accounting. Double batch technique and accounting records.
4. General Accounting. Double Betting Technique, Determination of Profit and Closing.
5. From the general ledger to the financial statements.
6. Documents of the financial statements. Balance Sheet, Income Statement and Cash Flow Statement, Supplementary Note, Report on Operations.
7. Financial statements. Reclassification and Index Analysis Techniques.
8. Economic / financial / competitive equilibrium conditions and indicators of performance of economic / financial equilibrium.

Part 2.
1. Introduction: Nature and Purposes of Analytical (Industrial) and Management Accounting.
2. Cost classification in Management Accounting.
3. Cost configuration in the company.
4. Cost-Volume-Profit Relations.
5. Short-term decisions.
6. Cost-effective systems.
7. Allocation of indirect costs and cost centers.
8. Cost calculation systems. Activity based costing.
9. The Budgetary Control System. Planning and programming.
10. The Budgetary Control System. Fundamentals of the Control Cycle and Breakdown Analysis.

Part 3
1. Nature and objectives of investment and business strategies.
2. Concepts for the analysis / assessment of investment and business strategies. Money, time and risk.
3. Prerequisites for analysis / assessment of investment and business strategies. Cash flows, cost of capital, profit and economic value, duration of the time horizon.
4. Techniques for Investment Assessment and Enterprise Strategies. NPV, CVE, PBP, IRR, WAPI.
Delivery modes
The subject consists of lessons and exercises in classroom, as well as possible business testimonies.
Texts, readings, handouts and other learning resources
The books will be indicated by the lecturer at the beginning of the semester and so on for the remaining teaching material.
Assessment and grading criteria
The aim of the exam is to ensure knowledge of the topics listed in the Program and the ability to apply theory and methods to the solution of possible business cases. For each student, the exam is made up solely by a written part and, optionally, at the discretion of the lecturer, by an oral part.
In the evaluation of the script, a 2-point bonus is awarded, valid only once for the entire duration of the three-year degree program.
The student uses his 2-point annual bonus when deciding to confirm the delivery. If the written test is insufficient, the student loses his bonus.
Each exam of the exam is awarded approximately 24 hours in which the student can decide whether to cancel the delivery. In support of this decision, the student has a correction of the subject of the examination, made available on the Didactic Portal immediately after the end of the written test. The methods for notifying the decision to cancel the delivery will be communicated by the lecturer at each written test. The rule of silence-assent is applied.

Written and oral evaluations are expressed in thirtieths. The final result is determined taking into account both the written test and the oral one.

WRITTEN: a result below 18/30 is considered insufficient.
During the writing the student cannot bring any type or subject books to the classroom. It may be possible to use a non-programmable calculator.
The written exam is intended to ascertain the ability to solve questions and calculations (both symbolic and numeric) concerning the topics discussed in the subject.

The writing has an indicative duration of 150 minutes and is articulated with the following structure:
a. a first part focused on accounting records and the analysis of the financial statements;
b. a second part of the budget control system;
c. a third part focused on the assessment of investment and business strategies.
The aforementioned parties will be involved in both exercises and questions of theory related to the matter discussed during the semester and with a level of difficulty not exceeding the level of exercises carried out during the exercises.

ORAL: In order to gain access to the oral question, which is sustainable at the discretion of the lecturer, candidates must submit a result greater or equal to 18/30. To pass the exam, the final vote, which takes into account the votes of the script and the oral, must still be greater than or equal to 18/30.
The oral examination will mainly be aimed at ensuring an adequate knowledge of the theory discussed in the subject and may include the discussion of the script. As a general rule, the oral part of the exam must be supported in the exam test in which the script has passed.

Programma definitivo per l'A.A.2017/18
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