Learning objectives
a. Knowledge and understanding:
The course has the following objectives:
- to investigate "Management accounting and budgeting methodology" with special attention to relevant issues in financial and cost accounting (reports, features and purpose);
- to analyze advanced cost accounting systems: critical issues in the determination and allocation of costs; traditional accounting systems; critical issues in the implementation of advanced ABC; 'hybrid' accounting systems;
- to analyze cost management patterns with special attention to innovative enterprise contexts and cost management tools, activity-based management, target costing and other tools;
- to implement balanced scorecards.
b. Applying knowledge and understanding:
Students will be able to interpret and use cost-accounting models widely used in enterprises, as well as to understand key issues relating to the more advanced tools of business management control.
c. Making judgments:
Students will be able to interpret the control systems of enterprise management (with specific reference to those operating in the private and industrial sector) and to identify tools that are most suitable to meet business needs.
d. Communication skills:
Student are expected to develop problem-solving skills, interpersonal skills and ability to communicate effectively with diverse stakeholders, in speaking and writing, also using appropriate terminology in expository/analytical and argumentative discourse. To this purpose, active participation in activities and practical exercises, as well as oral presentations of individual or group work on selected case studies and subjects, are encouraged. Communications skills are also assessed via achievement tasks in the final examination.
e. Ability to learn:
The course promotes learning through a correct approach to individual and group learning and through supervised in-class discussion of business studies.