Economics of Innovation

Definition and representation of the management operations circuit: financing, use, transformation, sale. Accounting records of financing operations, acquisition of production factors and sale. The table of values: sources and uses. Double entry bookkeeping. The principle of economic competence. Adjustments for the estimate of the operating result. The income statement and the balance sheet. Review of specific management operations and their accounting recording: pro soluto and pro solvendo assignment of credits, contributions, operating and financial leasing, valuation of liabilities at amortized cost, returns, advances and advances. Analysis of the meaning and contents of the balance sheet and the income statement. Analysis of company performance, with specific focus on the concept of liquidity, corporate solidity and profitability. The creation of value for shareholders (equity side) and for stakeholders (asset side). Description and method of calculating the indices for the analysis of profitability, solidity and liquidity. The financial leverage effect. The operating leverage effect. Focus on the meaning of the term sustainability. Constant drafting and updating of the financial statements in line with the specific topics addressed and with evidence of the regulatory discipline and the national accounting principles of reference. Analysis of case studies and practical exercises.

No prerequisites are requested. However, having attended the course of "Business Economics", having successfully passed the respective exam, guarantees a knowledge useful for understanding the topics covered in this course.

The textbook to refer to is the following: "Economia Aziendale", G.Fiori and R.Tiscini - Published by EGEA Further explanatory slides will be provided to students after the lessons.

Attendance is recommended but not mandatory.

The assessment consists of a written exam that will include multiple choice answers, open questions and practical exercises.

Fiori G., Tiscini R., "Economia Aziendale", 2020, ed. EGEA

Lessons are taught in presence , so as to guarantee the full involvement of the students. Each lesson will include a theoretical introduction of the topics, the completion of exercises and further insights relating to the analysis of practical cases.