Unit Economic and social performance analysis of the company
- Course
- Business economics and management
- Study-unit Code
- A003019
- Location
- TERNI
- Curriculum
- In all curricula
- Teacher
- Alessandro Montrone
- Teachers
-
- Alessandro Montrone
- Hours
- 63 ore - Alessandro Montrone
- CFU
- 9
- Course Regulation
- Coorte 2022
- Offered
- 2022/23
- Learning activities
- Caratterizzante
- Area
- Aziendale
- Academic discipline
- SECS-P/07
- Type of study-unit
- Obbligatorio (Required)
- Type of learning activities
- Attività formativa monodisciplinare
- Language of instruction
- Italian
- Contents
- Analysis of the economic and social performance of the company. The course deals with the analysis of the economic performance of the company (financial statements analysis) and of the company group (preparation and analysis of the consolidated financial statements, and then moves on to the analysis of the company's social performance (CSR and sustainability, preparation of the sustainability report).
- Reference texts
- - MONTRONE A., L'analisi del valore e della performance nel ciclo di vita dell'impresa, FrancoAngeli, Milano, 2016 (capp. 3-7).
- FABBRINI G. - MONTRONE A. (a cura di), Economia aziendale. Ricerche e profili evolutivi, FrancoAngeli, Milano, 2014 (cap. 6).
- MONTRONE A., Il bilancio consolidato dei gruppi aziendali. Metodologia di redazione e di analisi, II Edizione, FrancoAngeli, Milano, 2018 (capp. 1-8).
- Handouts by the teacher for the part on the analysis of the company's social performance and for the development of business cases. - Educational objectives
- Knowledge and ability to apply techniques for the analysis of economic and social performance of companies and groups, as well as the techniques of preparation of the consolidated group.
The main knowledge gained shall be:
- the doctrinal framework of financial analysis, with in-depth reflection on the conditions necessary for its reliability;
- the rationale behind the reclassification of balance sheet and income statement;
- a framework of meaningful ratios of the financial position and of the economic performance;
- the underlying logic of the cash flows analysis;
- the economic role and organization of business groups and aggregation phenomena among companies;
- the theories regarding the business groups and the consolidated financial statements;
- the method of preparation of the consolidated financial statements.
The main skill achieved shall be:
- to analyze the financial statements of companies and business groups, also making comparisons in space and time;
- to understand the results of a system of ratios in order to measure business performance;
- to reconstruct the cash flow;
- to prepare consolidated financial statements.
- to prepare sustainability report. - Prerequisites
- There are no specific pre-requisites with reference to subjects covered by the course, but the acquisition of the previous three-year degree in the knowledge and skills of other SSD SECS-P / 07 (Business Economics, Financial Accounting and Management Accounting).
- Teaching methods
- Face to face lectures and practical training.
Some lessons will be held in English. - Other information
- Attending lessons is not compulsory but strongly recommended.
- Learning verification modality
- Multiple choice written exam and oral exam.
Only the students who earn at least a vote of 18/30 in the written exam, can access to the oral exam
The written exam consists in performing some case studies related to the issues of the prepartation of cash flow statement, the reclassification of the balance sheet or of the income statement, the calculation and interpretation of some financial ratios, the preparation of the consolidated financial statements, together with some multiple choice questions.
The oral exam is equally divided between the different parts of the program, contemplating both the financial analysis and the preparation of consolidated accounts and of sustainability report. - Extended program
- PART I: ANALYSIS OF THE COMPANY'S ECONOMIC PERFORMANCE
The conditions of economic and financial balance
1. The principle of economy and the conditions of economic balance
2. The principles of solidity and solvency and the conditions of financial balance
3. The relationships between conditions of economic balance and conditions of financial balance
Financial statements analysis: an introductory framework
1. The nature, purposes and types of financial statements analyzes
2. The conditions for the reliability of the financial statements analyzes
3. The systemic approach of the financial statements analysis
Analysis of the financial situation
1. The reclassification of the Balance Sheet
2. Ratios for the analysis of the financial situation
3. Rotation and duration ratios
Economic performance analysis
1. The reclassification of the income statement
2. Economic performance ratios
The analysis of financial flows
1. Information on the dynamics of financial flows
2. The cash flow statement
Cases of financial statements analysis.
PART II: ANALYSIS OF THE BUSINESS GROUP'S ECONOMIC PERFORMANCE
The corporate group and the consolidated financial statements
1. The phenomena of business aggregation (outline)
2. The business group
3. Participation and control rates
4. Theories on corporate groups and consolidated financial statements
5. The functions, recipients and information capacity of the consolidated financial statements
6. The consolidated financial statements in Italy up to the implementation of the VII EEC Directive
7. The consolidated financial statements in International Accounting Standards
The preparation of the consolidated financial statements
1. The preliminary consolidation operations
2. The elimination of the effects of internal group transactions
3. Consolidation of equity investments
The analysis by ratios of the consolidated financial statements
Cases of preparation of the consolidated financial statements.
PART III: ANALYSIS OF THE COMPANY'S SOCIAL PERFORMANCE
1. The corporate social responsibility
2. Social responsibility and sustainability
3. The evolution of the concept of reporting
4. The sustainability report: functions and purposes
5. The content of the sustainability report
6. Standards for sustainability reporting
7. Read, analyze and evaluate the sustainability reports
8. The Value Added Statement between financial and social reporting
Cases of drafting a sustainability report