Accounting, Finance & Control
Codice identificativo insegnamento: 096078
Programma sintetico: The course Accounting Finance & Control (AFC) aims at providing
theoretical frames and instruments to understand and manage
"numbers" and "key information" for enterprises. The
course aims at enabling future engineers to: -Understand which are key
information and numbers to support companies in pursuing enterprise
value. Interpret enterprise sustainability through economic and
financial trends. - Measure, analyze and manage enterprise performances
and the contribution of different organizational areas. -Analyze
financial needs in face of present and future (forecasted) trends,
assessing alternatives to cover these needs (equity and debt). -Be able
to interact, through key numbers, with enterprise stakeholders.
o
The “Accounting, Finance and Control” (AFC) domain: the role of
financial accountants and controllers and its evolution over time
o
The “AFC” organizational unit within the enterprise
o The main
activities performed by the “AFC” organizational unit o Accounting-based
Performance Measures. The application to a real case: the analysis of
consolidated financial statements of a business group
o Value Based
indicators: Discounted Cash Flow techniques. Enterprise Value vs. Equity
Value. The calculation of Free Cash Flows. The discounting factor: the
cost of capital. Relative Valuation.
o Value Drivers (non-financial
performance measures and risk indicators)
o The “Planning” phase:
the elaboration of operating, capital and cash flow budgets, and
financial planning.
o The “Control” phase: periodic management
reporting. The structure and content of management reports. Corporate
dashboards and balanced scorecards.
o Measuring and reporting
performance of internal responsibility centres.
The performance of
internal profit/investment centres (Business Units, Divisions).
Corporate costs allocation and transfer pricing.
Appunti:
Appunti nuovo corso di accounting, finance and control:
- Completed notes of the course - anno 2020/21
- Completed notes of the course - anno 2015/16
- Completed notes of the course - anno 2014/15
Appunti vecchio corso di sistemi di controllo e gestione:
- Appunti completi del corso - anno 2013/14
- Relazione: analisi dei processi di budgeting e reporting del gruppo RCS
- Progetto: analisi del bilancio consolidato del gruppo Snam
- Appunti del corso integrativo: diritto tributario
Esercizi:
Esercitazioni:
- Recap esercitazioni con excel
- Cash flows
- Discounted Cash flows
- Company valutation
- Corporate costs allocation
- Cost of capital
- Budgeting
Domande a risposta multipla:
- Budgeting
- Corporate costs allocation
- Financial planning
- Financial statements
- Ratio analysis
- Transfer pricing
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