Business Administration and Accounting
A.Y. 2023/2024
Learning objectives
The purpose of the course is twofold.
First, the course aims to provide an overall view of the structure and operating dynamics of enterprises and their relations with the external environment, through the study of the fundamental theories and concepts of business administration. Therefore, it aims to provide the methodology for the analysis of the firm's managerial processes as well as of its functional areas. Despite the course will be mainly focused on private firms, other kinds of organizations will be also presented, such as families, the State and non-profit organisations.
Second, the course intends to let students achieve knowledge and practical skills on the methodology of financial accounting with reference to company's data gathering, classification, recording and disclosing, as well as providing the knowledge about the content, preparation and interpretation of financial statements. Indeed, the financial accounting finds its most important synthesis in the financial statements.
Accordingly, the course is structured in two main modules:
1. The company system and its internal organisation;
2. The financial accounting system.
First, the course aims to provide an overall view of the structure and operating dynamics of enterprises and their relations with the external environment, through the study of the fundamental theories and concepts of business administration. Therefore, it aims to provide the methodology for the analysis of the firm's managerial processes as well as of its functional areas. Despite the course will be mainly focused on private firms, other kinds of organizations will be also presented, such as families, the State and non-profit organisations.
Second, the course intends to let students achieve knowledge and practical skills on the methodology of financial accounting with reference to company's data gathering, classification, recording and disclosing, as well as providing the knowledge about the content, preparation and interpretation of financial statements. Indeed, the financial accounting finds its most important synthesis in the financial statements.
Accordingly, the course is structured in two main modules:
1. The company system and its internal organisation;
2. The financial accounting system.
Expected learning outcomes
At the end of the course student will be able to:
· use the basic concepts of business administration;
· distinguish the complementary and dynamic roles played in economic system by companies, families, the State and non-profit organizations;
· identify the managerial decisions and the underlying analysis of economic convenience that support them;
· analyze the economic environment and the efficiency and effectiveness of companies;
· record the basic business operations according to the method of double-entry accounting;
· understand the techniques at the basis of financial statements;
· apply the financial accounting methodology with reference to the different operations during the year;
· apply the financial accounting methodology at the end of the year in compliance with the matching principle and with the prudence principle;
· achieve the final schemes which are essential for the financial statements.
· use the basic concepts of business administration;
· distinguish the complementary and dynamic roles played in economic system by companies, families, the State and non-profit organizations;
· identify the managerial decisions and the underlying analysis of economic convenience that support them;
· analyze the economic environment and the efficiency and effectiveness of companies;
· record the basic business operations according to the method of double-entry accounting;
· understand the techniques at the basis of financial statements;
· apply the financial accounting methodology with reference to the different operations during the year;
· apply the financial accounting methodology at the end of the year in compliance with the matching principle and with the prudence principle;
· achieve the final schemes which are essential for the financial statements.
Lesson period: First trimester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course can be attended as a single course.
Course syllabus and organization
Single session
Responsible
Lesson period
First trimester
Course syllabus
The course is structured into two parts:
1. The business system and its internal organisation
- The economic activity and its actors.
- The purposes and the principles of the enterprise.
- The economic analysis and strategic managerial decisions.
- The economic environment and competition-cooperation dynamics.
- The institutional and organizational structures and mechanisms.
2. The financial accounting system
- The preparatory process leading to the financial statements.
- The double-entry accounting related to basic operations (company's establishment, purchase and sale of current factors of production, remuneration for work, current and non-current financing operations, investment in multi-year factors of production).
- The end-of-year entries and the composition of the balance sheet and income statement with a logical structure.
1. The business system and its internal organisation
- The economic activity and its actors.
- The purposes and the principles of the enterprise.
- The economic analysis and strategic managerial decisions.
- The economic environment and competition-cooperation dynamics.
- The institutional and organizational structures and mechanisms.
2. The financial accounting system
- The preparatory process leading to the financial statements.
- The double-entry accounting related to basic operations (company's establishment, purchase and sale of current factors of production, remuneration for work, current and non-current financing operations, investment in multi-year factors of production).
- The end-of-year entries and the composition of the balance sheet and income statement with a logical structure.
Prerequisites for admission
As a first-year course (held in the first quarter), there are no specific requirements other than those for the access to the degree program.
Teaching methods
The teaching methods include face-to-face lectures, case studies, exercises.
The different teaching methods will be used in order to provide students with an in-depth understanding of the contents discussed during the course.
The theoretical knowledge will be supported by empirical applications, consisting of discussion of case studies in order to provide students with the necessary skills to strengthen the knowledge gained in the classroom.
Moreover, numerous financial accounting exercises are made available on a digital platform, with the aim of encouraging and supporting ongoing study.
Slides and other teaching materials are provided to students for ensuring continuity in the learning process and for helping the systematization of knowledge.
The different teaching methods will be used in order to provide students with an in-depth understanding of the contents discussed during the course.
The theoretical knowledge will be supported by empirical applications, consisting of discussion of case studies in order to provide students with the necessary skills to strengthen the knowledge gained in the classroom.
Moreover, numerous financial accounting exercises are made available on a digital platform, with the aim of encouraging and supporting ongoing study.
Slides and other teaching materials are provided to students for ensuring continuity in the learning process and for helping the systematization of knowledge.
Teaching Resources
1. Airoldi G., Brunetti G., Coda V. (2020), Corso di Economia aziendale. Bologna: Il Mulino.
2. Lombardi Stocchetti G., D'Alessio I., Colombo S. (2022), Basic Financial Accounting 2022: Contabilità e bilancio. Milano: Guerini Next.
Additional materials
The slides used in the classroom will be made available on the ARIEL course website and are part of the exam program.
Additional readings could be suggested to complete the program.
2. Lombardi Stocchetti G., D'Alessio I., Colombo S. (2022), Basic Financial Accounting 2022: Contabilità e bilancio. Milano: Guerini Next.
Additional materials
The slides used in the classroom will be made available on the ARIEL course website and are part of the exam program.
Additional readings could be suggested to complete the program.
Assessment methods and Criteria
The final test will be carried out in a written form, and it will focus on the topics explained in the lectures and covered by the textbooks.
The test aims at ascertaining the achievement of the learning objectives in terms of knowledge and comprehension of the company's organizational functioning and financial accounting system.
The exam consists of open questions, multiple-choice questions (on both parts of the course, i.e. business administration and financial accounting) and a set of exercises on accounting records.
During the course, attending students will be asked to practice on financial accounting exercises on a digital platform.
Regularly attending students will also be evaluated on the basis of additional activities that will guarantee extra points up to a maximum of 4 points (upon reaching a minimum assessment of 18/30 in the written exam).
The extra-points are valid for January and February exam sessions only.
The test aims at ascertaining the achievement of the learning objectives in terms of knowledge and comprehension of the company's organizational functioning and financial accounting system.
The exam consists of open questions, multiple-choice questions (on both parts of the course, i.e. business administration and financial accounting) and a set of exercises on accounting records.
During the course, attending students will be asked to practice on financial accounting exercises on a digital platform.
Regularly attending students will also be evaluated on the basis of additional activities that will guarantee extra points up to a maximum of 4 points (upon reaching a minimum assessment of 18/30 in the written exam).
The extra-points are valid for January and February exam sessions only.
SECS-P/07 - BUSINESS ADMINISTRATION AND ACCOUNTING STUDIES - University credits: 12
Lessons: 80 hours
Professors:
Angeloni Silvia, Marsilio Marta
Educational website(s)
Professor(s)
Reception:
Codice Team: 5xe0846