Teaching code

4S008941

Academic staff

Silvia Cantele, Massimo Tezza

Coordinator

Silvia Cantele

Credits

6

Language

Italian

Scientific Disciplinary Sector (SSD)

SECS-P/07 - BUSINESS ADMINISTRATION AND ACCOUNTING STUDIES

Period

Secondo semestre (lauree) dal Feb 20, 2023 al May 31, 2023.

Lessons timetable Moodle Seminars 0

Learning objectives

The course supplies the conceptual and methodological basis of cost analysis and management, by developing knowledge and skills to apply them in real business contexts. It aims to teach the students the purpose and functioning of the main cost accounting tools and the calculation of different margins and economic results. At the end of the course, students should be able to design a cost accounting system, to calculate the cost of a product or of other cost objects, with traditional methods and with Activity Based Costing, and in different production contexts; to calculate standard costs and variances on actual costs, to use cost information and margins for management decisions.

Prerequisites and basic notions

knowledge of concepts of cost, revenue, margin, result.
knowledge of cost categories (nature classification) and the Profit & Loss structure

Program

1. Management control and cost measurement systems
2. Measuring the full cost of the product
3. Activity Based Costing
4. Product costs in order productions and in continuous flow processes
5. Cost measurement systems based on estimates values
7. Measurement systems based on direct variable costs and operative risk conditions
8. Economic information supporting short-term decision making

Bibliography

Didactic methods

The course consists in frontal lessons dedicated to theoretical basis of management control and exercises on management control tools (cost accounting, cost of products, what if analysis, budgeting…).
The course will include some meetings with controllers or CFO illustrating the practical implementation of cost control in their firms.

Learning assessment procedures

The final exam is a written test, composed of both exercises and theoretical questions, and is aimed at checking the knowledge of the topics in the course program and the ability to apply the cost control tools to the different cases included in the exercises.
There are no mid-term exams during the course; the exam will be the same for both attending and non-attending students.

Evaluation criteria

theoretical knowledge of the topics.
ability to solve numerical questions relative to the different control tools studied.

Criteria for the composition of the final grade

Sum of the points achieved in the excercises and theoretical questions.

Exam language

italiano