SECS-P/07 - 7 CFU - 1° Semester

Teaching Staff


Learning Objectives

Knowledge and understanding
The course aims to provide students with the fundamental terminology and methodologies related to the business administration, useful for representing and understanding the functioning of both companies and public and private organizations.

Applying knowledge and understanding
The student will acquire technical language related to business disciplines and will be able to acquire the concepts and the basic language of business processes.

Course Structure

The course is structured in 42 hours of lectures, with Powerpoint support and student involvement.

Should teaching be carried out in mixed mode or remotely, it may be necessary to introduce changes with respect to previous statements, in line with the programme planned and outlined in the syllabus.

Detailed Course Content

1 Notion of firm and business administration.

2 Basic principles of governance: progress, unity, autonomy, profitability, solvency, notions of effectiveness, efficiency and business risk.

3 Relationship between profitability and solvency

4 Basic principles of governance in different kind of firms.

5 Business success.

6 The organization: organizational structures, power, leadership, and operational mechanisms.

7 Unity of governance and plurality of legal entities: the corporate groups.

8 The control of profitability and solvency and its tools: the financial statements.

9 The limitations of the net income: uncertainty, arbitrariness, relativity.

10 The usefulnes of the financial statements for solvency and profitability analysis. The operating income and the net income.

11 Endogenous and exogenous cash flows-: self-financing and the cash-flow statement.

12 The budget

13 The business plan

14 The different notions of capital: equity, liquidation, and market capital. Business valutation methods.

15 The determination of costs: cost configurations, direct costs and the allocation of indirect costs.

16 Fixed costs and variable costs: the profitability diagram.

17 The budget and the management control.

Textbook Information

Sorci C., Lezioni di Economia aziendale, Giuffrè, Milan, (second edition) 2014.

Open in PDF format Versione in italiano