|Politecnico di Torino|
|Academic Year 2015/16|
|08AQGNL, 08AQGNM, 08AQGQR
1st degree and Bachelor-level of the Bologna process in Industrial Production Engineering - Torino/Athlone
1st degree and Bachelor-level of the Bologna process in Industrial Production Engineering - Torino/Barcellona
1st degree and Bachelor-level of the Bologna process in Industrial Production Engineering - Torino/Nizza
The course aims:
' to introduce to the concept of a company as a socio-technical system, pointing out its components and the main relationships among these and the environment they refer to;
' to present on of two different functioning ways of a company: the one based on functional areas, the other based on processes;
' to promote understanding of economic and financial balances, through the balance of the business year.
' to present purposes and methodologies of cost analysis.
Expected learning outcomes
Knowledge of the company as a socio-technical system, its components and the main relationships among these and the environment they refer to;
Knowledge of operating a business based on functional areas or processes;
Knowledge of the conditions of economic equilibrium and financial management: the structure and content of financial budget;
Ability to perform simple accounting and cost analysis.
First part (10%)
Introduction to the company as a socio-technical system
Corporate objectives and logic of corporate governance
Organizational variables that make up the organizational and system-company
Two perspectives of analysis of business operation: functions and processes
Presentation of the main functional areas
The second part (50%)
The economic and financial model of business management
Economic flows, cash flow, investments, capital acquired
Principles, structure and content of financial statements
The main balance sheet valuations: depreciation, inventory, risks and future expenses
International accounting standards (outline)
Financial ratios (outline)
Third part (40%)
Knowledge of limits of the budget and the general accounts
Main classifications of cost
Main figures of the product cost and application areas
The model prices-costs-volumes
The use of costs in some typical decisions and the differential approach (overview)
Texts, readings, handouts and other learning resources
AA.VV., Lezioni di economia aziendale, Giappichelli, Torino, 1996 (Parte I, capitoli 14; Parte II, capitolo 1; Parte III, capitolo 1) [i capitoli indicati verranno forniti dal docente]
R.N. Anthony, D.F. Hawkins, D.M. Macrì, K. A. Merchant, Il bilancio. Analisi economiche per le decisioni e la comunicazione della performance, Mc Graw Hill Italia, XIIIaedizione, Milano, 2012
L. Brusa, Sistemi manageriali di programmazione e controllo, Giuffrè, Milano, 2000, cap. 2 [fornito dal docente]
Texts for personal insights
G. Azzone, U. Bertelè, L’impresa. Sistemi di governo, valutazione e controllo, Etas, 2003 (in particolare Parti I e II)
P. Ravazzi, M. Calderini, P. Neirotti, E.Paolucci, L. Rondi, L'impresa. Teoria, organizzazione, strategia, tecniche economiche e contabili, Il Mulino, Bologna, 2007
F.Cerbioni, Lino Cinquini, Ugo Sòstero, Contabilità e bilancio, Mc Graw-Hill, Milano, 2003
G. Brunetti, Contabilità e bilancio d’esercizio, Etas, Milano, 2000.
R.N. Anthony, D.F. Hawkins, D.M. Macrì, K.A. Merchant, Sistemi di controllo. Analisi economiche per le decisioni aziendali, 2a edizione, Mc Graw-Hill, 2004, Milano (in particolare, capitoli 2,3,14).
C.T. Horngren, G. Foster, S.M. Datar, Contabilità per la direzione, ISEDI-Prentice Hall International, 1998 (in particolare: parte prima e parte terza, cap. 10)
Assessment and grading criteria
Written examination of 2 hours divided into 4 groups of questions, including:
a) an open question, to free development, on the first part of the course (introduction to business economics);
b) two groups of questions on the second part of the course (financial and economic model and budget);
c) a group of questions on the third part of the course (introduction to the analysis and calculation of costs).
Each set of questions b) and c) is divided into 4 or 5 multiple choice questions, based on economic data and financial variously presented. For each proposed question is required:
1) the selection of the correct answer among the proposed alternatives;
2) a brief, but thorough explanation of the choice made. Without adequate justification the answers are not considered corrected, even in cases in which the correct alternative is selected.
Conducting an optional group work entitles up to a maximum of 3 additional points compared to the grade obtained in the written test.
The group work consist in the preparation of a brief presentation of a company in its essential nature of strategic and economic. Other topics are allowed provided they are consistent with the course content.
The groups must consist of a maximum of 8-10 students.
The presentation must contain the equivalent of about 15 slides of PowerPoint.
Programma definitivo per l'A.A.2015/16