The course goals are to develop an understanding of cost analysis, budgeting techniques and to strengthen business decision making skills.
With a successful completion of the course students will have mastered:
a) knowledge and understanding concerning the Managerial Accounting System, the introduction of Management Science (i.e. of Quantitative Approaches to Decision Making) based on MA information, the different Costing Methods and Techniques.
In addition, students will have acquired knowledge and understanding about the diverse methods and techniques of programming and planning, as well as about the Enterprise Resources Planning Systems supporting company decisions.
b) the ability of applying knowledge and understanding within the Planning and Control Department. Students will be capable to assist and support Management Accountants in determining the costs of product, service and so on, as well as in the preparation of Budgets and Financial Plans, and in the process of Decision Making.
the ability of applying knowledge and understanding assumes a working placement period, possibly a university organized internship (tirocinio curricolare).
c) the potential of Making judgements, to evaluate almost independently the issues and opportunities related to the many and varied methods of costing and budgeting and planning in business environments characterized by risk. Almost autonomously S/he will assist or support the controller in the definition of the economic and financial consequences arising from the use of different MA methodologies.
d) Communication skills consisting in the use of an appropriated technical language used to relate with those involved in the management and financial accounting. The students will have improved their problem-solving skills, the relational capacity and expression, both written and oral. The latter will allow them to liaise with business stakeholders and submit their conclusions regarding studies and analyzes, expressing clearly their reasoning.
e) Learning skills, the ability to undertake more advanced studies with a degree of autonomy, particularly with reference to the courses of Advance Management Accounting.