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Course 2021-2022 a.y.


Department of Accounting

Course taught in English

Go to class group/s: 31

CLEAM (6 credits - I sem. - OP  |  SECS-P/07) - CLEF (6 credits - I sem. - OP  |  SECS-P/07) - CLEACC (6 credits - I sem. - OP  |  SECS-P/07) - BESS-CLES (6 credits - I sem. - OP  |  SECS-P/07) - WBB (6 credits - I sem. - OP  |  SECS-P/07) - BIEF (6 credits - I sem. - OP  |  SECS-P/07) - BIEM (6 credits - I sem. - OP  |  SECS-P/07) - BEMACS (6 credits - I sem. - OP  |  SECS-P/07)
Course Director:

Classes: 31 (I sem.)

Suggested background knowledge

The course assumes a good command of basic financial accounting topics.

Mission & Content Summary

This course has two primary goals. First, it intends to develop students’ skills in understanding, analyzing, and interpreting financial statements. Conceptually, the course emphasizes that producers and users of financial statements have different objectives and informational needs. At the same time, the course is applied in that it teaches students how to analyze actual financial statements data to make informed business decisions and assessments. Second this course is designed to broaden and deepen students’ conceptual and technical understanding of accounting as it is used for management purposes. The emphasis in the course is on financial controls, which provides the dominant form of control in the vast majority of decentralized organizations. This module provides support in business decisions, evaluation of organizational performance, or in evaluation of others (and/or be evaluated) through the use of financial and non-financial information.


The first part of the course (sess. 1-12) has the goal to advance your understanding of how financial statements could be analyzed in order to appreciate performances. After a short introduction on what financial analysis is and what it should consider, this goal is accomplished through the following steps:

  • Understanding balance sheets, income statements and statement of cash flow.
  • Quantitative Analysis
  • From Quantitative to qualitative analysis
  • Red Flags on financial analysis


The second goal of the course is to focus on management and control systems for ensuring good enterprise control. Using financial controls requires managers to make decisions about:

  • Responsibility structures.
  • Performance measures.
  • Performance evaluations.
  • Rewards and incentives.



Intended Learning Outcomes (ILO)
At the end of the course student will be able to...
  • Be knowledgeable users of financial statements as part of their professional responsibilities as financial analysts or managers.
  • Understand the structure of performance measurement systems in complex environments.
At the end of the course student will be able to...

Carry-out the following analyses:

  • Business strategy analysis.
  • Accounting analysis.
  • Financial analysis.
  • Analysis of responsibility and performance management systems.

Teaching methods
  • Face-to-face lectures
  • Online lectures
  • Exercises (exercises, database, software etc.)
  • Case studies /Incidents (traditional, online)
  • Individual assignments
  • Group assignments
  • Individual assignments will be delivered via Respondus Lockdown browser and will consist of multiple choice (qualitative and quantitative) questions.
  • Group assignments consists in a case study to be prepared with your classmates, and delivered in due date. Groups will be composed at the beginning of the course. 2 sessions will be devoted to presentation of group works.

Assessment methods
  Continuous assessment Partial exams General exam
  • Written individual exam (traditional/online)
  •     x
  • Individual assignment (report, exercise, presentation, project work etc.)
  • x    
  • Group assignment (report, exercise, presentation, project work etc.)
  • x    

    The evaluation of attending students will be based on:

    A.  2 Group assignments (one for each part of the course) receiving a maximum of 10 points in total (5 points each);

    B.  4 assignments delivered during the course (2 for part1 and 2 for part2). Each assignment will consist of 10 multiple choice questions to be solved in 15 minutes, and will be delivered through BBoard Assignment. Each assignment allows max 2 points. At the end of the course, the 3 assignments with highest value will be considered (1 date can be missed without consequences). Assignment

    C.  The Final Exam. The time allowed for attending and not attending students is the same, but attending students will have to answer to less questions. Max points collectable with final exam: 16


    The evaluation of non-attending students will be based, only, on the same final exam as attending students. All questions need to be answered and will be graded a maximum of 31 points.

    Teaching materials
    • Slides, exercises and cases are uploaded on Bboard platform.
    • Articles and papers (for the first part of the course) are uploaded on blackboard platform.
    • Text book (for the second part of the course): K.A. MERCHANT, W.A. VAN DER STEDE, Management Control Systems: performance measurement, evaluation and incentives, 2017, 4th edition, (ISBN-13: 9781292110554 (print) / 9781292110585 (PDF) / 9781292181875 (ePub). Chapter included are specified in the detailed schedule).
    Last change 09/09/2021 15:51