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Risorse bibliografiche
Risorsa bibliografica obbligatoria
Risorsa bibliografica facoltativa
Scheda Riassuntiva
Anno Accademico 2018/2019
Scuola Scuola di Ingegneria Industriale e dell'Informazione
Insegnamento 096078 - ACCOUNTING, FINANCE & CONTROL
Docente Lettieri Emanuele
Cfu 10.00 Tipo insegnamento Monodisciplinare

Corso di Studi Codice Piano di Studio preventivamente approvato Da (compreso) A (escluso) Insegnamento
Ing Ind - Inf (Mag.)(ord. 270) - BV (479) MANAGEMENT ENGINEERING - INGEGNERIA GESTIONALE*KLQ096078 - ACCOUNTING, FINANCE & CONTROL
Ing Ind - Inf (Mag.)(ord. 270) - CO (482) COMPUTER SCIENCE AND ENGINEERING - INGEGNERIA INFORMATICA*KLQ096078 - ACCOUNTING, FINANCE & CONTROL
Ing Ind - Inf (Mag.)(ord. 270) - MI (481) COMPUTER SCIENCE AND ENGINEERING - INGEGNERIA INFORMATICA*KLQ096078 - ACCOUNTING, FINANCE & CONTROL

Obiettivi dell'insegnamento

The course ‘Accounting Finance & Control’ (AFC) aims at providing students with the state-of-art, theoretical frameworks and instruments to measure and manage the overall performance of a (for profit) enterprise

The course fits into the overall program curriculum pursuing some of the expected learning goals. In particular, the course contributes to the development of the following capabilities:

  1. Understand context, functions, processes in a business and industrial environment and the impact of those factors on business performance
  2. Design solutions applying a scientific and engineering approach (Analysis, Learning, Reasoning, and Modeling capability deriving from a solid and rigorous multidisciplinary background) to face problems and opportunities in a business and industrial environment

 


Risultati di apprendimento attesi

At the end of the course, students will know and understand:

  • The main methods for reporting and assessing the financial and non-financial performance of an enterprise, as well as the main linkages among them
  • The organisational role of the “Accounting, Finance and Control” Units in an enterprise and its evolution over time
  • The goals, the structure and the processes of the Planning & Control (P&C) Cycle
  • The motivational implications of the use of management control tools

 

Students will be able to:

  • Apply the methods and models discussed during the course to real cases (e.g., to enterprises that belong to different sectors or have different organizational structures)
  • Design tailored performance measurement systems (e.g., systems that match the goals and the peculiarities of real enterprises)
  • Prepare performance reports tailored to the information needs of different stakeholders
  • Read and interpret the financial (and non-financial) performance of an enterprise (and of its constituencies)

Argomenti trattati

The context

  • The “Accounting, Finance and Control” (AFC) domain: the role of financial accountants and controllers and its evolution over time
  • The “AFC” organizational unit within the enterprise
  • The main activities performed by the “AFC” organizational unit

(Advanced) Financial Accounting: the concept of corporate group (or “group of companies”). Consolidated Financial Statements: theories and consolidation methods

(Corporate) Performance Measurement

  • Accounting-based Performance Measures. The application to a real case: the analysis of consolidated financial statements of a business group
  • 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.
  • Value Drivers (non-financial performance measures and risk indicators)

The integrated Planning & Control Cycle

  • The “Planning” phase: the elaboration of operating, capital and cash flow budgets, and financial planning.
  • The “Control” phase: periodic management reporting. The structure and content of management reports. Corporate dashboards and balanced scorecards.
  • Measuring and reporting performance of internal responsibility centres.
    • The performance of internal profit/investment centres (Business Units, Divisions). Corporate costs allocation and transfer pricing.

Prerequisiti

Students are required to know the basics of:

  • Financial Accounting
  • Cost Accounting
  • Management Accounting
  • Long- and short-term decision making

The potential knowledge gaps can be bridged with these (not mutually exclusive) sources:

  1. Open Online Course “Fundamentals of Financial and Management Accounting” (mandatory for all AFC students – except those holding a Bachelor in Management Engineering achieved at Politecnico di Milano)
  2. The following chapters/annexes of the textbook “Performance Measurement and Management for Engineers”:
    • eAnnexes to the book (freely available online):
      • eAnnex 2: Financial Accounting
      • eAnnex 3: Cost Accounting
    • Chapter 7 (Long- and short-term decision making)

Modalità di valutazione

The exam consists of three parts:

  1. Written group assignment (weight: 30% of the final grade), which aims at assessing students’ capability to apply (some of) the methods illustrated during the course to real cases
  2. Written test (weight: 10% of the final grade), which aims at assessing students' knowledge of key concepts that are at the basis of the methods and tools illustrated during the course 
  3. Oral test (weight: 60% of the final grade), which aims at assessing students’:
  • Knowledge and full comprehension of methods and tools illustrated during the course (with particular focus on pre-requirements for their application, pros and cons of alternative solutions, etc.)
  • Capability to choose the most appropriate solution (among the different alternatives) according to the peculiarities of the application context

Bibliografia
Risorsa bibliografica obbligatoriaArnaboldi, A. Azzone, G. and Giorgino, M., Performance Measurement and Management for Engineers , Editore: Elsevier, Anno edizione: 2014, ISBN: 9780128019023
Risorsa bibliografica obbligatoriaAnthony R. and Govindarajan V., Management Control Systems, Editore: McGraw-Hill Higher Education, Anno edizione: 2006, ISBN: 9780072819311

Forme didattiche
Tipo Forma Didattica Ore di attività svolte in aula
(hh:mm)
Ore di studio autonome
(hh:mm)
Lezione
65:00
97:30
Esercitazione
35:00
52:30
Laboratorio Informatico
0:00
0:00
Laboratorio Sperimentale
0:00
0:00
Laboratorio Di Progetto
0:00
0:00
Totale 100:00 150:00

Informazioni in lingua inglese a supporto dell'internazionalizzazione
Insegnamento erogato in lingua Inglese
Disponibilità di materiale didattico/slides in lingua inglese
Disponibilità di libri di testo/bibliografia in lingua inglese
Possibilità di sostenere l'esame in lingua inglese
Disponibilità di supporto didattico in lingua inglese
schedaincarico v. 1.6.5 / 1.6.5
Area Servizi ICT
30/11/2020