Business Administration and Accounting

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.

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.