Italy Assitant Professor of Business Economics University of Bologna Core Faculty
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Franco Visani is Assitant Professor of Business Economics at the Faculty of Economics in Forlì, University of Bologna, Department of Management. He is registered with the Italian Academy of Business Administration - Youth (AIDEA-Youth) and the European Institute for Advanced Studies in Management (EIASM). He conducts research and consultancy on issues related to Management Control, Cost Management and Lean Accounting. He holds a degree in Economics and Commerce from the University of Bologna, he received his PhD in Business Economics from the University of Pisa. He has been a visiting researcher at the Lean Enterprise Centre at Cardiff Business School.


The course deals with topics related to the measuring and management of innovation project performance. Specifically, the following will be dealt with: techniques to pre-determine the project economic and financial opportunity (Net Present Value, Internal Rate of Return, Payback Period, etc.); techniques to inter-functionally manage project costs and margins starting from the creation stage (Target Costing, Life Cycle Costing); techniques to assess the adequacy of costs incurred versus the generated value (Data Envelopment Analysis and Value Analysis); techniques aimed at supporting the implementation of measures to spur all company areas.

CORE COURSE - The use of economic and financial information to manage competitive advantage. Models for the analysis of economic and financial performance. Parameters for the valuation of the profitability of a company. Financial sustainability for the tax performance of a company. Strategic sustainability of a company’s performance. Economic and financial benchmarking. Budget analysis for the management of vendor client relations. Strategic control systems and performance monitoring (Balanced Scorecard). Simulation techniques for economic and financial performance. Performance management.

The course provides a foundation in financial and management accounting. It is specifically designed for a non-specialist, with differing prior knowledge and background. It provides useful tools for interpreting and using financial information for managerial purposes, with a special focus on commercial decisions. At the end of the course the students will be able to analyze financial statements and to make simple financial analysis for evaluating the profitability of goods, services or specific jobs.


This course focuses on the main components of accounting, budgeting and cost analysis. In addition the course will train students on how to analyze economic-financial forecasts and budgets as well as understand the measurement and interpretation of the economic-financial performance of the company. Calculation and analysis in decision-making, management supervision, strategic control and strategic cost management will also be explored.

CORE COURSE - Cost accounting systems. Tecniques of cost management and cost modelling: from cost cutting to cost management. Strategic analysis of costs: activities, costs and cost drivers. Activity-based strategic and operational cost management. The value of activities and their potential profit. The management of costs in the Value System and the network. The mapping of process costs for the management and development of efficiency: Process Cost Mapping. The management of costs in the project design phase: Target Costing. Capacity Cost Management.

This course provides students with a deep understanding of the following topics: the reference model. The analytics for understanding the pattern and the business dynamics of an enterprise. Business process analytics, market, custodian and supply chain analytics; analytics of competitors. Financial cost and revenues analytics. The use of business analytics in the design of systems for measuring the company's performance.

Introduction to basic accounting principles, accounting concepts, and accounting terminology. Financial statement analysis. Basic cost concepts and cost accounting. Introduction to management control principles and techniques.

Elements of accounting, budgeting and cost analysis. The measurement and interpretation of economic and financial performance of the company. The economic and financial analysis forecasting and budgeting. The calculation and analysis of costs in decision-making and management control. Management control as an operational mechanism. The systems of strategic control and strategic cost management.

The course is focused on the main strategic control concepts and tools to support the decision-making process as well as the strategic planning and budgeting. A brief introduction to the main concepts of finance and accounting is included. The course will combine front lectures, guest speakers’ lectures, case studies and team work. The whole course will based on a practical approach, although based on the general theoretical concepts of management accounting.