MASTER IN Administration, Finance and Control

THE POWER OF KNOWLEDGE

The Administration, Finance & Control Master’s course aims at providing companies with performance control system and strategic management of finance: these have become essential levers to drive enterprises towards more informed choices in an increasingly competitive global scenario. An efficient measuring of performances is based on the collection and analysis of all internal activities of an organization, by way of auditing methods and the use of information technology. The course features the mapping of corporate processes, planning system and cost analysis techniques, to enable a long term growth. Students are offered an in-depth, across-the-board view of both business world and auditing and consulting activity carried out, for businesses, by external companies. This grants a competitive advantage to students, as they will be prepared to pursue the career they wish as auditors, controllers or consultants. The Administration, Finance & Control Master’s course is perfect for graduate students who intend to tackle the challenge of a dynamic and growing environment, as they will learn a mix of managerial and hard skills that are in high demand, as well as the ability of establishing trust-based relationships with all the company and work team. The course, accredited with ASFOR (Italian Association for Managerial Training), features two cycles of lectures and 500 hours of internship, for 12 months. The classroom sessions feature different learning methods, in order to intersperse core courses with practical activities, also aimed at preparing students to access the labor market.

Businesses are seeking strategic partners to entrust them with their economic growth: get in touch with the course program manager to start this journey together.   

THE MASTER IS AN INVESTMENT.
THE HONOR LOAN IS THE WAY TO FUND IT.

PerTe Prestito Con Lode”, a long-term and low-interest honor loan, with no collateral required to cover the full amount of the tuition fee.

 

Accreditations:

master spec accred

 

The program benefits from additional partnerships with:

 

loghi_AFC_colori

 

 

 


Marco Maria Mattei

Marco Maria Mattei

Director of Studies
marcomaria.mattei@unibo.it

" Attending this Master will allow you to construct a professionalism of assured appeal for any type of company, thanks to the acquisition of an analytical approach to problems and tools specific to an economic-financial environment. The completeness of your profile will allow you to orient the decision makers and, while growing in the company, will allow you personally to make these crucial choices. "

CLASS PROFILE 2016/2017

ACADEMIC BACKGROUND

  • 27

    AVERAGE AGE

  • 17% F - 83% M

    GENDER

Structure

The Master in Administration, Finance and Control is a full-time program structured in 1,500 hours of learning activities over 12 months of study, divided into: 360 hours of lecturing, an estimated 540 hours of independent study, and 600 hours of internship.
The structure of the Master is divided into three terms:

  • First term: December – April
  • Second term: May – July
  • Internship: September – December

The first term consists in the study of fundamental subjects including lessons taught by managers and partners from auditing companies. The first term will conclude with an intense real-life business case.
During the second term there will be a more in depth study of the advanced subjects. The use of case history, company testimonials, project work and lectures will be utilized to refine and amplify our students’ expertise in understanding of the topics.

COURSES

This course will tackle the following topics: detection and analysis of the internal control system, risk management. Auditing, reviewing budget reports, preforming legal checks on accounts. The methodological approach in reviewing accounts. Legal investigation of accounts for industrial and commercial companies. Fraud auditing.



Over the last decade sustainability and corporate social responsibility (CSR) practices have become paramount for companies as well as for the society at large. Although most companies have developed sustainability programs over the years, as they are cutting carbon emissions, reducing waste, and otherwise enhancing operational efficiency, we are witnessing a mishmash of sustainability tactics that does not add up to a sustainable strategy. To endure, a sustainable strategy has to cope with the competing – and apparently divergent – interests of all stakeholders: investors, employees, customers, governments, NGOs, society and the natural environment.

The purpose of this course is to initiate a debate around the role and functioning of modern corporations as sustainability challenges, opportunities and solutions emerge. In particular, the objective of the course is to detail and disentangle the links between sustainability, CSR and the key role that digital technologies can play as a mean to translate sustainable strategies into effective outcomes.

Within this perspective, three major learning outcomes are expected:

  • To allow students to gain a solid and robust understanding of what sustainability and corporate social responsibility mean in a business context;
  • To allow students to understand key approaches and frameworks for measuring and reporting sustainability and CSR in organizations;
  • To gain an understanding of what sustainability oriented innovation means and how it can be applied to a digital organizational context.

In order to achieve these objectives the course will combine (i) case studies and whole class discussion; (ii) talks by business leaders and managers dealing with sustainability issues; (iii) lectures.



The evaluation of terms of convenience of investment projects. The determination of the value of a company. Understanding fiscal variables that determine the optimal financial structure. Venture capital and the principle problematic characteristics to the value of a company. 



The decision making process of the company and strategic positioning, the evaluation of the politics involved in each of the activities of a company. Analysis of the critical success factors in the related market, the resources and the specific competencies of a company. The process of creating value and the role of relationships with other companies within the business system. Business Plan and its deployment.





Evaluation of investment projects. Evaluation of international projects. Financial structure. Optimal financial structure. Instability costs. Planning debt. The politics of dividends and stock buyback. Cost of the working capital of the company. The important role of capital and corporate governance.



Accounting, budget and analysis of costs. The evaluation and interpretation of the economic–financial performance of the company. Economic-financial analysis forecast and budget. The calculation and analysis of the costs in decision making and for management control. Management control as an operative mechanism. Systems of control and strategic cost management.



Database Management Systems, the relational model: relationships integrity bonds. System functions and applications portfolio, the formalities of the analysis and process model, planning and business process reengineering, business intelligence. Data warehousing: architecture, techniques of data access, conceptual models. Data mining techniques.



Provides an overview of annual financial reports: logic; objective; postulates; evaluation and representation of items consistently with International Financial Reporting Standards (IAS-IFRSs) and Italian Accounting Standards (OICs). Coordination between the net income emerging from the income statement and the taxable income. Financial consolidated statements: objectives and rules for drafting..



The concept of cost. The principle of relativism and the main information needs  about the cost calculations. The role of management accounting within the company's accounting system. The classifications of costs. The reference objects. The stock records. The cost of labor. The cost of durable productive factors. The issue of the allocation of indirect costs. The allotment criteria. only Base, multiple basis and cost centers. The cost of product configurations. Full cost and Direct cost. The income statement "flag." The costs to support business decisions. The break-even analisys. Defining COAN and articulation of its elaboration process. Method of keeping the COAN. The accounting for cost centers (recovery and investigation). The Activity Based Costing. Differences between the two methodologies. The target costing.



The analysis and the planning of the control systems. Monitoring systems of the multidimensional performance. Value based management. Management of costs and the techniques of cost management. Monitoring and reporting of the intellectual capital. Incentive systems. Management of costs between companies and during new project phases. Target cost management: strategic control of innovation. Customer value management and pricing techniques.



Learning method

The educational sessions provide different learning methods, including lectures, simulations, discussions of case studies, presentations by companies, testimonies and group work.

The curriculum is complete with a series of Master Lectures given by professionals from the world of business, academia, and politics, which also provide numerous opportunities for discussion and interaction with the business world through case histories.

CAREER DEVELOPMENT

Building synergies with businesses is a priority and a distinguishing characteristic of all programs of the Alma Bologna Business School, including the Master in Administration, Finance and Control.
The School is fully dedicated to preparing students for the job market and it accomplishes this through systematic career development, with an ongoing commitment to combine the best professional projects by students with the demands of businesses.

The internship is an excellent springboard to the professional world, evidenced by the fact that six months after completing the full-time master at Alma Bologna Business School, an average of 85% of alumni are working in a company.

Alumni

Karim – Nicola Kane

Staff Accountant Audit, KPMG
Administration, Finance and Control (a.y. 2015/16)

"Accredited technical skills, teamwork, multidisciplinary approach and problem solving: this is what I learned from the master in Administration, Finance and Control of BBS.
This, linked with a network of important relationships, both professional and human, makes the master not only an end-to-end experience, but a permanent path that continues to work as a bridge with the world of work to major companies, consulting companies or auditing companies, as in my case, and providing the tools needed to face it with greater preparation and security.
An investment whose benefits, of course, are not exhausted in the short term."

Mattia Matarrese

Junior analyst , SCS consulting
Administration, Finance and Control (a.y. 2015/16)

"The Master in Administration, Finance and Control is synonymous with quality for companies. It offers you a broad stage of work and a profound and methodical preparation.
In addition, the success of group work and deadlines have enabled me to acquire a high capacity in managing time and stress, which is fundamental to those who work in counseling as I do."

Antonio Mancini

Retail controller & BI Analyst, Emerisque Italia Group
Administration, Finance and Control (a.y. 2013/14)

"The Master gave me essential skills in order to face the current dynamic and competitive labour market. During the course, I increased my transversal competences which could allow me to work in an international company. In addition, I learnt to work within groups and to take a challenge. The multidisciplinary approach and the frequent contact with the business world make the Master a formative and stimulating experience, both professionally and personally."

Olimpia Zocaro

Financial Planning & Analysis, Culligan Italiana
Administration, Finance and Control (a.y. 2012/13)

"The Masters in Administration, Finance and Control is the key to accessing the privileged world of company auditing and finance. The program allowed me to develop relationships with professionals from some of the biggest auditor and consultant companies and to later join one of their teams. It has been an experience which has enabled me to grow both professionally and personally and I am very satisfied about this."

Andrea Pantanella

Amministratore Unico, Greentech
Administration, Finance and Control (a.y 2009/2010)

"Studying business cases in the lecture room and getting the possibility to solve them with a team has given me the necessary expertise to manage a Holding company with gloal revenue of 160 million euros. Alma BBS’s network gave me the chance to grow and consolidate professional relationships useful for the job market."

Luca Zanoli

Business Controller, Tetra Pak
Administration, Finance and Control (a.y 2007/2008)

"The Master allowed me to develop specific competences and multi-perspective approach in working environment."

COMPANIES

Over the years, our partners have been constantly involved in the activities, which make up the structure of our programs. Companies belonging to our network take part in project works and master’s lectures; they actively contribute by engaging with students through guest lecture sessions and by organizing company visits.

Our partners are the first supporters of our students by providing scholarships, internships and professional opportunities.

Bologna Business School’s partner companies for the Master in Administration, Finance and Control are:

AEROPORTO DI BOLOGNA BAKER TILLY REVISA BANCA DI BOLOGNA BDO BERLUTI BONFIGLIOLI BORBONESE BPER BANCA BREVINI RIDUTTORI CAPGEMINI CAPODAGLIO E ASSOCIATI CARPIGIANI CEAM ESTINTORI CNA DI BOLOGNA CNA DI RIMINI CREDEM CRIF DATALOGIC DELOITTE DIEGO DALLA PALMA ERNST & YOUNG EUROFILTER EUROVO GEA TECHNOFRIGO GRUPPO CHAMPION GRUPPO LA PERLA GRUPPO MAX MARA GRUPPO TREVI GRUPPO VILLA MARIA INTERTABA ISTITUTO ORTOPEDICO RIZZOLI KPMG NEXT VALUE PD FOR CONSULENZA DIREZIONALE PWC RIA PARTNERS RINTAL SCS CONSULTING SIGMA SIMAR REVISIONE TECHNOGYM TWIN SET ZADI SPA

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FEES

The tuition fees for the Master is 11,200 euros (VAT free) to be paid in three installments:

  • First installment: 1.500 euros
  • Second installment: 6.000 euros
  • Third installment: 3.700 euros

The fee includes participation in the Master, all the study material available through the online platform, and access to the services and facilities of Alma Bologna Business School such as: personal account for the Alma wi-fi, use of the PC in the Computer Lab, access to the study areas, access to the internal gym, special rates for the School restaurant.
Furthermore, the fee gives participants the right to take advantage of the supporting activities of the School, such as the language courses and the master lectures by invitation.
Free parking is also available within the BBS Campus.

Additionally, with the Student Card of the University of Bologna, students have access to all of the university facilities, including over 100 libraries, digital resources and study halls (including databases and online subscriptions); ); the three city center canteens and all university student related discount offers. More information are available on the site of the University of Bologna: http://www.unibo.it/it/servizi-e-opportunita

HONOR LOAN

Thanks to the agreement between Bologna Business School and Intesa Sanpaolo, participants are eligible to apply for “PerTe Prestito Con Lode”,  a long-term and low-interest honor loan.

Main characteristics:

  • Loan amount equal to the enrollment fee
  • Reduced interest rate
  • No collateral required
  • Repayable in 10 years
  • No early closing fees

 

 

SCHOLARSHIPS

Bologna Business School provides merit-based partial scholarships to the leading candidates in the selection process. Furthermore, at the end of the master, the School assigns a prize to the best student.

The cost of the Master can be covered in full or partially by third parties: public bodies, foundations, or companies.

INPS

Thanks to the contribution of INPS (Istituto Nazionale della Previdenza Sociale), in the academic year 2017/2018, 6 scholarships of 10.000 euros will be available to INPS employees or retired members, to their children or orphans.

For further details on the application procedures please visit the INPS website.

REQUIREMENTS

Applying is open to anyone holding an undergraduate degrees of the old and new system. The degree must be obtained on or before the enrollment deadline of the Master.

For auditors, an undergraduate degree is not necessary.

APPLICATION PROCESS

Admission to the Master requires the student to pass the selection process, which consists of:

  • a written exam on general knowledge and logic and mathematics
  • a written exam on English language proficiency
  • a motivational interview designed to assess the candidate’s professional plan and its consistency with the objectives of the Master

FAQs

The second level Master is accessible only to those who have a bachelor's degree from the old system or a Laurea Magistrale/Specialistica. To access the first level Master a three-year undergraduate degree or a bachelor’s degree in the old system is sufficient.
Access to a first level University Master requires at least a three-year Bachelor’s degree (or the Bachelor’s degree in the old system); for a second level Master's Degree, the Laurea Magistrale/Specialistica (or the Bachelor’s degree of the old system) is necessary.
Enrolling in multiple university courses is not allowed. Therefore, if you are already enrolled in a degree at this or another university prior to registration into the master you are required to apply for a suspension of studies ("career freeze") at the secretariat of the specific School. During the suspension period you will not be able to undertake exams nor accumulate attendance related to the suspended degree.
Yes, you can enroll prior recognition of the degree at the Italian Embassy or Consulate in the country where it was obtained. More details are available in the tender announcement.
Upon registration and payment of the admission fee, you must submit or send via registered mail to Alma Bologna Business School (Via degli Scalini 18-40136 Bologna), the following documents:
• a copy of the receipt for the fee of 60.00 euro for administrative services;
• summary sheet;
• a copy of your ID;
• Undergraduate Degree (or substitute statement);
• curriculum vitae;
• any additional titles to be assessed for admission purposes.
No, once you pass the selections, you can decide whether to formalize the registration to the Master through the registration process. However, it is essential to participate in the selection process and to pass it in order to be able to register.
It is essential, for the purpose of registration, to have completed the degree by the registration deadline.
As long as you have passed the selection process, you can still register as an auditor.
An auditor is someone who participates in a master and who has passed the selection stage but doesn’t have an MA/Specialist degree/degree according the old system/ or hasn’t be graduated within the call’s deadline. An auditor can participate in all lessons, academic activities and to the internship (not compulsory). An auditor doesn’t need to take exams and therefore is not awarded CFU. An auditor will however receive a certificate of attendance by the University of Bologna. Instead of paying €11.200 an auditor pays €9.200
CFU or Crediti Formativi Universitari is a tool to measure the quantity of learning required, including independent work necessary for the student to acquire the knowledge and skills in the subject matter of each specific course.
A credit (CFU) generally corresponds to 25 hours of work including lectures, tutorials, etc., but also independent study. For each academic year, a full time student in the course requires an average amount of work equal to 60 credits, ie. around 1500 hours. The credits are acquired by passing the exam or other testing.
The credits are used to compare different courses in Italian and European universities through an evaluation of the student workload required in certain subject areas in order to achieve the educational objectives defined. They facilitate student mobility between different courses of study, but also between Italian and European universities. Loans acquired during a course of study may be approved for continuing in other courses of study.
The University of Bologna uses the ECTS system accurately applying the European Credit Transfer System (ECTS) in all courses of the first cycle (Laurea), second cycle (Laurea Magistrale) and unified cycle. ECTS is a recognized standard created with the goal of supporting mobility and cultural exchange among students at the European level. This standard allows for the comparison of credit systems used by Universities and higher education institutions in Europe, to plan and implement the learning path of students. This allows students who study in one country to see their studies recognized at an institution in another country that applies the same standard.
Yes, every Master is composed of multiple courses, each with an exam at the end and based on whose completion the student earns the relative CFU for the course.
You can contact the Help Desk directly via e-mail: help.studentionline@unibo.it, or by telephone: +39 0512099882; or you can apply online: https://studenti.unibo.it/sol/welcome.htm
The School supports students in finding housing, providing references of accommodation facilities and private residences that have been used by former students.
The School organizes several occasions for meetings, discussion, networking, training, refresher training reserved for the Alumni Community (those who have attended a course in Alma Bologna Business School). For further information visit the Community section of our website.
Unlike the Laurea Magistrale or Specialistica, a University Master's degree actively involves students in practical cases, providing skills that facilitate immediate entry into the labor market. Specifically, the Master in Business Management, before the internship period, requires the development of a business plan that is carried out for the duration of the master and 3 one-month-long company projects each with a company chosen by the participant.

Faculty

Faculty members at Bologna Business School work together offering outstanding teaching standards. An international and interdisciplinary approach is guaranteed by a joint team of distinguished national core professors, adjunct, visiting professors, guest speakers and top managers.

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