Module 3 – Financial Management I (3 ECTS)

05-07 March 2025  – Sironi Room U4-8

Objective of the module is to provide participants with theoretical tools and practical techniques used in understanding the basic of accounting and financial management in the context of RIs. Furthermore, the module focuses on relevant issues in the interpretation of Income Statement, Balance Sheet, Cash Flow Statement and the Budget. Although the module will not make them experts in accounting, they will however be provided with the necessary tools to understand the financial performance of RIs

This module provides a study of current practices in accounting and financial reporting in RIs. The emphasis is on the interpretation of existing financial reporting. The module has a very practical emphasis with a wide variety of cases, in-class discussion to enhance relevance.

Learning Model

Lectures, group works, case discussions, and a final assignment

The programme covers the following topics

Introduction to Accounting

  • Basic concepts of Accounting
  • From operations to the measurement of financial performance
  • The financial sustainability of RIs

Introduction to Financial Statements and Budgeting

1. Income Statement, Balance Sheet, Cash Flow Statement

2. Assets

3. Liabilities

4. Equity

5. Revenues and expenses

6. Cash flow

7. Budget and budgeting

Fees & Enrolment

Participation fee: 1,200 Euros

Tuition fees include:

Teaching materials
Access to the University’s facilities
Coffee breaks and lunches during face-to-face modules
Fees do not include travel costs and living expenses. For accommodation, participants will benefit from the University’s agreements with nearby hotels.

If you want more info, please send an email to and visit this page.

The Venue

This module will be held at the University of Milano-Bicocca. The University of Milano-Bicocca is located at Piazza dell’Ateneo Nuovo, 1 in Milan. Our campus benefits from the full array of learning environments and university-wide services.

How to reach us

Meet the Faculty

University of Milano-Bicocca:

Enrico Guarini, Associate Professor of Business Administration and Management (Read More)
Francesca Magli, Assistant Professor of Business Administration and Management (Read More)

Visiting Faculty:

Markus Pasterk, BBMRI-ERIC, Administrative Director (Read More)
Artur Rodrigues, Associate Professor at the Department of Management, School of Economics and Management, University of Minho (Read More)
Marco Rossi, Studio Profis (Read More)

Who should Apply ?

• Director Generals, Chief Operating Officers or their equivalent
• Recently appointed or upcoming senior managers
• Heads of National Nodes
• Heads of Finance and Administration, HR and Communication
• Middle management
• Representatives of funding bodies and ministries responsible for RI funding