Economics and Finance

First part - introduction to financial statements - How to build financial statements - Profit and equity: notions - Functions of financial statements Second part: Financial statements analysis - Cash flow statement and EBITDA - Company valuation - ROI and ROE - Limits of financial statements analysis - EBIT/EBITDA/operating cash flow - Duration ratios Third part - Italian legislation on financial statements - Italian GAAP and IFRS - General principles - Scheme - Valuation criteria: o tangible assets o intangible assets o investments o inventory o financial assets and liabilities o foreign currency transactions o derivatives - Notes

Exam of Economia aziendale

- A. Sura - Introduzione al bilancio: come si costruisce e come si legge - Lexup - A. Sura - I principi di redazione del bilancio: un’introduzione - Lexup Textbooks are available in Lexup Platform. The QRcode to access the platform is available in the classroom of the course (code lcv3vje).

The presence at the lessons guarantees the acquisition of the information needed to attend the exam.

Not compulsory

Written exam. The exam is structured as follow: 10 questions with multiple choice "a, b, c" (1,5 point for each correct answer, penalization of 0,75 for wrong answer, zero for questions not answered); 2 open questions (6 points for each correct answer); a test on the ability to interpret financial statements (to a max of 12 points). The sum of the results of the two different kind of test indicates the final result. If the student gets a result of 32 or more the final result of the exam is 30/30 cum laude. The duration of the exam is 1 hour. The exam is based on the notes taken during the sessions or, for students not attending the lessons, on the textbooks available in Lexup platform.

The presence at the lessons guarantees the acquisition of the information needed to attend the exam.

The course content includes: theories of income and capital, regulation of financial reporting. The valuation of assets and liabilities. Further details will be given at the start of the course.

To take the Accounting exam, you must have passed the Business Economics exam. The double entry accounting method applied to the income system and the applications carried out during the course of Business Administration are considered necessary for the examination test.

Parte 1): P. Capaldo, Reddito e capitale nell'economia dell'impresa. 1998, Giuffrè (capitolo 2, da §1 a §5). Parte 2) e 3): F. Giunta e M. Pisani, Il bilancio, ultima edizione, Maggioli (esclusi tutti i riferimenti agli IAS-IFRS). OIC 10, Organismo Italiano di Contabilità (http://www.fondazioneoic.eu/). Parte 4): F. Giunta e M. Pisani, Il bilancio, ultima edizione, Maggioli (esclusi i tutti i riferimenti agli IAS-IFRS). C.T. Horngren, G. Foster, S.M. Datar, Contabilità per la direzione, 1998, Isedi (§4.1, §4.2, §4.3, §4.8, §4.9). OIC 9, Organismo Italiano di Contabilità (http://www.fondazioneoic.eu).

frontal lesson in the classroom

optional

written test

Parte 1): P. Capaldo, Reddito e capitale nell'economia dell'impresa. 1998, Giuffrè (capitolo 2, da §1 a §5). Parte 2) e 3): F. Giunta e M. Pisani, Il bilancio, terza edizione, Maggioli (esclusi tutti i riferimenti agli IAS-IFRS). OIC 10, Organismo Italiano di Contabilità (http://www.fondazioneoic.eu/). Parte 4): F. Giunta e M. Pisani, Il bilancio, terza edizione, Maggioli (esclusi i tutti i riferimenti agli IAS-IFRS). C.T. Horngren, G. Foster, S.M. Datar, Contabilità per la direzione, 1998, Isedi (§4.1, §4.2, §4.3, §4.8, §4.9). OIC 9, Organismo Italiano di Contabilità (http://www.fondazioneoic.eu).

frontal lesson in classroom

Theoretical perspective The financial statement as an information tool for stakeholders of the company. The nature of the income and the related working capital. Financial reporting purposes and the evaluation criteria. The process of accounting harmonization Evolution process of accounting harmonization within the European Union. Practical perspective The financial statements according to national accounting rules: Legislative Decree 127/1991, as updated by Decree 6/2003: the general clause of the financial statement; the general principles of preparation of financial statements; special criteria for the evaluation assets and liabilities. Balance sheet Analysis Reclassification of the balance sheet with the financial criterion. Reclassification of the income statement by the cost of sales and value added criteria. Balance sheet ratios: ratios of composition, structure, liquidity, rotation, and profitability. The financial structure and financial leverage.

Accounting examination needed to pass financial reporting examination, in the first semester of the year

1) G. ZANDA, Il bilancio delle società, Giappichelli, Torino, 2007. 2) G. SAVIOLI, Il Bilancio di esercizio secondo il principi contabili nazionali, Giuffré, Milano, 2021 3) C. TEODORI, Analisi di bilancio. Finalità, caratteristiche, interpretazione, Giappichelli, 2022

Lectures take place in a traditional way among n. 72 hourse over the semester, for three lessons a week of two hours. The teaching is performed with the support of practical application on the blackboard.

Students can achieve a perfect score on the exam by studying solely from the recommended textbooks.

The exam aims to ascertain the possession of the theoretical knowledge transmitted during the course, the analytical skills and the student's elaboration, with particular reference to the corporate budget regulation and to the particular evaluation criteria of the asset and liability items of the company assets. In particular, the exam consists of a written test and an always written (optional) integration. The examination is based on the study of textbooks, slides and the material that is made available every year on the online platform of the department site and makes use of all the tutorials that the teacher performs during teaching and at the term of the lessons. WRITTEN TEST: The written test will be structured as follows: 4 or 5 practical tests and 10questions with multiple answer options "a, b, c, d" argued and varied for each exam (1 point for each correct answer, penalty of 0.5 points in wrong answer case, 0 points if no answer is given). The exam is considered passed with the achievement of the sufficiency (18/30). This test has a term of 90 minutes. This test allows the achievement of the maximum degree of preparation with respect to the training objectives.

none

The course is conducted in a traditional manner with face-to-face lectures (72 hours in total), three times a week for two hours each session. The teaching is supplemented with practical exercises conducted on the blackboard.

Module I: The Financial Statements – General Principles, Reference Regulations, and Drafting Rules 1) From General Ledger to Financial Statements. 2) The Evolution of Financial Statements: Objectives and Structure of the Document. 3) Financial Statements Regulations: Civil Law Framework and National Accounting Standards. 4) Financial Statement Assumptions: General Clauses and Fundamental Drafting Principles. Module II: Financial Statement Formats – Structure of the Main Documents 1) Balance Sheet; 2) Income Statement; 3) Cash Flow Statement; 4) Notes to the Financial Statements; 5) Management Report; 6) Condensed Financial Statements and Micro-Enterprise Financial Statements. Module III: Valuation of Key Financial Statement Items According to National Accounting Standards 1) Introduction to Specific Valuation Criteria. 2) Valuation of Fixed Assets. 3) Valuation of Current Assets. 4) Valuation of Equity Items. 5) Valuation of Provisions for Risks and Charges. 6) Valuation of Liabilities. 7) Analysis of Main Income Statement Management Areas. Module IV: Performance Analysis – Introductory Concepts 1) Definition of Performance. 2) Reclassification of the Balance Sheet and Income Statement. 3) Ratio and Margin Analysis.

In-depth knowledge of business economics

The exam will consist of a written test, followed by an oral interview for candidates who pass the first stage.