Business Administration aims and matters. Remind on the financial accounting and introduction to the management control. The economic and financial analysis. The balance-sheet format of Balance sheet and Income statement. The balance-sheet ratios.
Anthony, Macrì, Pearlman, Il bilancio. Strumenti di analisi per la gestione, McGraw-hill, 2004.
Giunta, Analisi di bilancio: riclassificazione, indici e flussi, Centro Stampa il Prato, Firenze, 2006
Learning Objectives
Knolewdge acquired: Structure of the Reclassified Financial Statements.
Competence acquired (at the end of the course): Reading a reclassified budget.
Skills acquired (at the end of the course): Reclassification of a budget and identification of the indexes.
Prerequisites
Courses to be used as requirements (required and/or recommended)
Courses required: CORPORATE ECONOMY
Courses recommmended:
Teaching Methods
Total hours of the course (including the time spent in attending lectures, seminars, private study, examinations, etc...): 150 (= 6 x 25)
Hours reserved to private study and other indivual formative activities: 102
Contact hours for: Lectures (hours): 26
Contact hours for: Laboratory-field/practice (hours): 22
Further information
Type of Assessment
Verification method: in itinere written tests and final oral exam.
The in itinere written tests aim to assess the learning process and the state of knowledge in relation to the programme.
The final oral test aims to assess the ability to apply the knowledge acquired. In the event of failure to pass the in itinere written tests, the oral examination will also be aimed at assessing the overall knowledge.
The answer to specific questions on the topics of the lessons, together with an appropriate use of the language, will demonstrate the achievement of the level of knowledge required.
The capacity to apply knowledge will be demonstrated through both the ability to solve problems withing the topics of the in the course and the ability to reflect and argument on the knowledge acquired.
Course program
The reclassification models of balance sheet. The financial approach for the reclassification of the Balance Sheet: explorative purposes, company’s solvency.
Liquidity ratios’ analysis. The financial risk. The Net Working Capital; the net liquid asset; the net financial position.
The analysis of solvency. The fixed assets to equity ratio.
The “functional” approach for the reclassification of the balance sheet. Explorative purposes and logic of building. The identification of characteristic “areas”. Ratios: the net operating working capital (CCNo). Factors conditioning the CCN. The net financial requirement. COIN, CIN, PFN.
The reclassification models of Income Statement. Explorative purposes and logic of building. The ordinary and the extraordinary management. The Multi-step income statement’s format. The boundary between the ordinary and the extraordinary management. The operating section. The reclassification of Income Statement using the production value method and the added value method: the production value; the added value. The Gross Margins: EBITDA (MOL), EBIT (MON). The non-operating sections.
The economical-financial analysis. Profitability ratios, ROE, ROI, ROA, ROS, CT. The Du Pont system. Solvency ratios. Coverage ratios. The analysis of liquidity ratios.