Archivio tag: second year

Management Accounting – 9 cfu

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Management Accounting

Prof.ssa F. CULASSO
culasso@econ.unito.it

Course Objectives:
The course is designed to provide a basic understanding of management accounting related to the manufacturing enterprises. Specific attention will be devoted to the preparation and understanding of the budget and report system.

Pre-requisites:
Students are intended to be familiar with basic notions of business administration.

Program:
1. Managerial accounting: phases, tools and actors involved
2. An Introduction to Cost Terms and Purposes
3. Cost-Volume Profit Analysis
4. Economic convenience and differential reasoning
4. Operational planning: Budgeting and Responsibility Accounting
5. Economic Variances and Reporting
6. Performances Measurement Systems (BSC, ecc.)

Further Informations:
Business cases will be used in the main lectures.
Slides end exercises assigned during lectures are avaible on web site.
Weekly students receiving.

Texts:

T. Horngren, S.M. Datar, G. Foster, Cost Accounting. A Managerial Emphasis , Prentice Hall, 11 th edition.
L. BRUSA, Sistemi manageriali di programmazione e controllo, Milano, Giuffrè, 2000.

Course material (business cases, exercises, etc.) will be provided during the lessons and via www.klips.it

Nov 29th – Dec 3rd: Prof Allister Young from Brock University – Canada

Macroeconomics – 9 cfu

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Macroeconomics

Prof. G. PAVANELLI
pavanelli@econ.unito.it

The course introduces the basic issues of macroeconomics and provides analytical models aimed at explaining, among others, the determinants of output, unemployment, inflation, interest rates and exchange rates.

1. The short run
- Equilibrium in the goods and financial markets
- The IS-LM model: its use for monetary and fiscal policy

2. The medium run
- The labour market
- The AS-AD model
- Unemployment and the Phillips curve
- Inflation, activity and nominal money growth

3. Expectations
- Expectations: the basic issues
- Financial markets and expectations
- Expectations, consumption and investment

4. The open economy
- Openness in goods and financial markets. Nominal and real exchange rates
- The goods market in an open economy
- Output, the interest rate and the exchange rate
- Exchange rate regimes

5. The long run
- The facts of growth
- Saving, capital accumulation and output

6. Pathologies
- Depressions and slumps
- High inflation

Text:
O. BLANCHARD, Macroeconomics, Fourth edition, Prentice Hall/Pearson.

Financial Accounting – 9 cfu

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Financial Accounting

Prof. M. CISI
cisi@econ.unito.it

The aim of the course is to give to the student the ability to prepare and to read a financial statement. The specific subject of the course is the financial statement as the typical document for internal and external disclosure.

Objectives of general purposes financial statement

  1. Users of financial statement
  2. The elements of financial statement
  3. Recognition of the elements of financial statement

Measurement of the elements of financial statement

    1. Intangible assets
    2. Properties, plants and equipments
    3. Financial assets
    4. Inventories
    5. Credits
    6. Provisions

Tools and sources for financial statement analysis

Ratio analysis of financial statement

Capital structure and solvency

Short-term liquidity

  1. working capital analysis
  2. liquidity ratio
  3. quick ratio

Profitability analysis

  1. Return on sales
  2. Return on invested capital
  3. Return on equity

Cash-flow analysis

  1. The funds flow cycle
  2. The cash flow statement
  3. Interpreting funds flows data

Textbooks

Helfert E. A., “Techniques of financial analysis“, McGraw-Hill (ninth edition)
Bernstein L.A., Wild J.J., “Analysis of financial statements“, McGraw-Hill (fifth edition)
Alfredson K., Leo K., Picker R. Pacter P, Radford J. “Applying International accounting standards“, Wiley, 2005.

Other information

The course is structured in lectures, case studies of financial statement and exercises. The evaluation is based on a written exam and on an oral session. The final score will consider the result of elective activities.
Exercises, simulations and business cases provided by the teacher are published on www.klips.it.

Oct 22nd-26th: Prof. Tero Hujala from Metropolia University – Finland

Financial Markets – 9 cfu

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Financial Markets

Prof. P DE SURY

desury@econ.unito.it

PROGRAMME

  1. structure and components of the financial system,
  2. the financial structure of the economic system : financial balances, financial assets and liabilities, the circuits for transfering financial resources,
  3. financial system imperfections and the role of financial institutions
  4. the main financial markets : the money, foreign exchange, debt and equity markets
  5. the main financial instruments : principal features and evaluation techniques
  6. the main financial institutions : commercial banks, investment and merchant banks, security dealers, asset management companies, insurance companies, pension funds,
  7. bank balance sheet analysis and performance evaluation,
  8. bank regulation and financial system supervision.

OTHER INFORMATION

Exam procedure will be communicated at the beginning of classes.

TEXTBOOKS

Required reading material will bew communicated at the beginning of classes.

Business Organization – 6 cfu

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Business Organization

Prof. R. CANDIOTTO
candiotto@econ.unito.it

Introduction to Organizations and Organization Theory
The External Environment
Strategy and Organization Design
Internal Design Element
Organization and ICT
Innovation and Change
Organizational Culture

Text:
Daft, Richard L., Organization Theory and Design, 8e, Thomson South-Western, 2004