BILANCIO, CONTROLLO E VALUTAZIONE DI AZIENDA
- Overview
- Assessment methods
- Learning objectives
- Contents
- Full programme
- Bibliography
- Delivery method
- Teaching methods
- Contacts/Info
This course, entitled " Financial Statements and Economic Control" (3 credits), is an integral part of the course "Financial Statements, Control and Company Valuation" (6 credits) which also includes the module entitled "Company Valuation" (3 credits). The "Financial statements and economic control" module requires basic knowledge of financial statements, general accounting and cost accounting, which, if the student does not have this knowledge, must be supplemented according to the lecturer's instructions.
For attending students (those who do the assignment)
For students attending the Financial Statements and Economic Control module (those taking the projects/assignment), the examination consists of an end-of-course written test, as indicated in the examination calendar. The test comprises small cases/incidents/exercises, and theory questions. The former are intended to test the acquired ability to analyse and process data referring to concrete business situations (2/3 of the final assessment), while the open questions are intended to test the understanding of concepts and definitions of theory (1/3 of the final assessment). In summary, it is intended to test students' ability to approach problems of business health assessment by correctly applying models, algorithms and protocols of economic analysis.
Students will also be asked to complete an assignment, which will be assessed. This assignment is a prerequisite for being considered an attending student. For these students, the evaluation of the assignment will account for 30% of the final exam grade. The remaining 70% will correspond to the grade obtained in the written examination. For non-attending students (those who do not take the assignment) the exam will be written and will have the same structure as the exam for attending students, i.e. cases/incidents/exercises and theory questions, but with a broader scope than the exam for attending students.
The course "Financial Statement Control and Company Valuation" is divided into two modules:
Module A: Company Valuation
Module B: Financial statements and economic control.
The Financial Statements and Economic Control module aims to provide students with the opportunity to acquire or consolidate fundamental knowledge and skills in the field of financial statements and economic management control. These skills are considered indispensable in order to be able to tackle the contents of the course "Performance Measurement Systems" (2nd year-2nd semester of the CdLM-EDI) without particular difficulties.
The Financial Statements and Economic Control module focuses on the tools of reclassification and financial statement analysis aimed at calculating a system of indices useful for expressing an assessment of the state of health of a company prior to the formulation of a future strategy (10 hours). It also includes a series of sessions specifically focused on the analysis of financial flows for an assessment of the financial sustainability of future strategies and, at the same time, of the strategic sustainability of economic and financial performance (6 hours). The course concludes with an in-depth study of the warning indicators included in the protocol prepared by the CNDCEC in implementation of the reform of the "Business Crisis Code" (4 hours).
Module programme: Financial statements and economic control Introductory lecture.
From financial statements to economic control: opportunities and limitations of financial reporting for management purposes.
Analysis and discussion of the ITALCAT case (published on e.learning).
How to analyse financial statements: comparing different methods
Analysis and discussion of the AMPEX case (published on e.learning).
Introduction Assignment: Acciai INOX case
Reclassification of financial statements and index analysis.
Analysis and discussion of the AMPEX case (published on e.learning).
(Optional: Analysis and discussion of the BETA case published on e.learning).
The financial statement
Predicting bankruptcy: the warning indicators of the new business crisis code
Economic analysis for crisis prevention and management
Analysis and discussion of the Dolci Tradizioni case
(published on e.learning).
Presentation of group work
For the purpose of passing Financial Statements and Economic Control module the following texts and teaching materials are recommended:
• Readings uploaded by the teacher on e-learning
• Slides, exercises and other material made available on the e-learning platform
exercises posted to the course web site.
For the Financial Statements and Economic Control module, there will be face-to-face lectures, case discussions, company testimonials and group projects.
The final mark for this examination will be the average of the marks obtained in the two component modules.