BUDGETING AND FINANCIAL PLANNING

The course aims to transfer the basic knowledge for the preparation and analysis of business plans, with particular focus on the main techniques for building financial models

KNOWLEDGE AND UNDERSTANDING: The student will have acquired knowledge of the main methodologies and the essential techniques for building financial models. APPLY KNOWLEDGE AND UNDERSTANDING: The student will have developed the ability to create complex financial models capable of reflecting business decisions through the acquired skills. JUDGEMENT AUTONOMY: The student will have developed the ability to independently assess the consistency of prospective economical and financial results, based on the company's strategic guidelines. COMMUNICATION SKILLS: The student will be able to communicate evaluations related to prospective trends resulting from the construction of financial models. LEARNING SKILLS: The student will have acquired the learning ability necessary to continue and complete studies independently.

Good knowledge of accounting and financial statements, excellent skills in using spreadsheets.

The Business Plan as a communication tool towards stakeholders. Analysis of the documents composing the Business Plan. Preparation of revenues projections. Preparation of operating costs projections (raw materials, services, personnel costs, etc.). Preparation of projections on other charges and taxes. Preparation of projections related to fixed assets and the related calculation of amortization. Preparation of projections on Net Working Capital. Preparation of projections of Net Financial Position.

Material prepared by the professor

Lectures, case studies, exercises, testimonials

The assessment of students with attendance status will be carried out through: (i) a project group work on the presentation of a complete Business Plan with a descriptive document, accounting for one-third of the final grade; (ii) a written exam consisting of practical cases and questions on the applied theoretical part of the course program, accounting for two-thirds of the final grade. The number and the type of the questions will be communicated before the exam. The assessment of students with non-attendance status will be entirely carried out to a final written exam consisting of questions and exercises on a broader program reserved for them, which will be communicated by the professor as well as additional research documents and articles beyond those intended for students with attendance status.

The assignment of the thesis will take place after an interview with the professors, during which the student will non-bindingly indicate at least two course topics.