Learning objectives
a. Knowledge and understanding: the course aims to provide students
with the basic knowledge of how the management control systems
operate with specific reference to the topics of financial accounting and
cost accounting. The course also analyses the logic that underlies
budgeting, costing accounting, BEP analysis, differential and variances
analysis.
b. Applying knowledge and understanding: students will be able to
interpret and apply the most important models of management control,
as well as the methods of quantitative determination related to internal
disclosure. Student will also be able to address the studies related to
quantitative determination methodologies to support internal decisionmaking processes.
c. Making judgments: students will be able to successfully solve the
logical interpretation of the management control system of the
enterprises (private enterprises) including the identification of the most
suitable instruments according to the operational needs of firms.
d. Communication skills: at the end of the course, students will acquire
the ability to analyse problems (problem solving skills), the interpersonal
skills and the communication skills in written and oral form in an effective
way, using an appropriate language to discuss those issues with different
stakeholders.
e. Learning skills: the course aims to support students learning through a
correct approach to individual and group study and through the guided
development of discussion of business cases dealt with in the classroom.
Prerequisites
No.
Course unit content
The course aims to provide the tools used to support operational
decision-making processes through the transmission of the basic items
related to the management control systems. The student will acquire
knowledge about the following problems: management control system;
budgeting; financial accounting and cost accounting; concept of cost and
its possible applications; cost configurations; cost accounting systems
(direct costing and full costing); product cost calculation systems; breakeven analysis; differential analysis; analysis of variances.
Cases and exercises will be proposed in classroom.
Full programme
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Bibliography
Cinquini L., Cost management, Vol. 1, Torino, Giappichelli, 2017.
Teaching materials.
Teaching methods
Acquisition of knowledge: lectures Acquisition of the ability to apply
knowledge: Exercises Acquisition of judgment: Specialist contributions
and classroom discussions Acquisition of learning skills: development of
guided exercises and case studies in the classroom. Acquisition of
technical language: The meaning of commonly used terms is explained
and classroom discussions aim to encourage the correct use of
terminology.
Assessment methods and criteria
Learning achievements will be measured and assessed in a written exam
that comprises open-ended questions and also requires the application of
cost accounting methods. More specifically, to assess knowledge of
topics, communication skills, appropriate use of terminology and
independence of judgment, students will be required to:
- answer 1 extended open question (10 points);
- answer 5 short open questions (2 points each);
As regards the applied perspective, knowledge and skills will be assessed
through an application exercise (10 points). Classroom assessment of
group-work and case studies will be also taken into account.
Moreover, the verification of learning will consider the incurrence of
intermediate tests during the course that will be individually evaluated in
30/30 and that will contribute to the final result in their average value.
Other information
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