Facoltà di Economia "G. Fuà" - Guida degli insegnamenti (Syllabus)

Program


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Budgeting
Vernon Wilson Kennedy III

Seat Fac. Economia - Sede di Ancona
A.A. A.A. 2016-2017
Credits 6
Hours 44
Period 1^ semestre
Language ENG

Prerequisites

A basic understanding of accounting is required.



Development of the course

The course will be delivered in a lecture format. This will be supported by many short in-class projects, each of which will show applications of concepts delivered in lectures.



Learning outcomes

1. Knowledge and Understanding
Students are expected to understand and produce budget statements
2. Applying knowledge and  understanding
Students are expected to perform complex discounted calculations
3. Judgement, focus  and  communication skills
Students are expected to apply scientific criteria to assess the impact of different business strategies



Program

1. Given a projection of future sales, students are expected to be able to produce a "proforma"  (projected) income statement and balance sheet.
2. Students are expected to make net present value calculations for complex investment situations.
3. Students are expected to use net present values to make investment decisions under the following situations; disposing of the asset with a taxable gain or loss either before or after the asset is fully depreciated, replacing art old asset with a new asset, and high expected inflation. A mortgage refinance problem is also covered.
4. Students are expected to evaluate the Impact of Performance Evaluation systems on behavior
5. Students are expected to demonstrate a basic understanding of the following topics: Equity Theory, Unintended Consequences, Writing Performance Evaluation Questions, and The Folly of Rewarding A, while Hoping for B.



Development of the examination

1.Exam.
Written
2. Assessment criteria.
Two mid term and a final comprehensive test
3. Grading scale
Positive grades: from 18 to 30. Cum laude is given to outstanding performance
4. Grading method
The course grades will be based on a short midterm exam concerning Master Budgeting (15% of grade), a longer midterm exam covering approximately 50% of the course material (25% of grade), and a comprehensive final exam (60% of grade).

 



Recommended reading

Introductjon to Management Accounting: Ch's 1-17,15/e
Horngren, Sundem, Stratton, Burgstahler & Schatzberg ©2011, Prentice Hall, Cloth; 848 pp.
Instock ISBN-10; 0135102654 j ISBN-13: 9780136102656
Older editions will be suitable.

 



Courses
  • L.M. - International Economics and Commerce curriculum International Economics and Business




Università Politecnica delle Marche
P.zza Roma 22, 60121 Ancona
Tel (+39) 071.220.1, Fax (+39) 071.220.2324
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