Inglese

There are not preparatory courses although students are supposed to have already gained competences in the field of Financial Accounting.

The course will be taught through both theoretical and practical classes provided frontally and in the form of teamworks and exercises. The teaching activities will be supported through the e-learning platform where teaching materials (slides of the lectures, exercises, case studies and further readings) and any additional information about the course will be uploaded.

At the end of the course, students will have gained knowledge useful to design and to implement a management control system. In addition, students will have gained knowledge concerning the aims, the features, the benefits and the criticalities of the main tools of planning and cost analysis.

At the end of the course, students will be able to use the tools useful to perform management control and cost analysis within companies.

Practical classes that will be given during the course, together with the debate between the Professor and the students, will allow the latter to enhance their skills on problem solving and communication. In addition to this, students will develop the ability to critically analyze some key dimensions of a company and, in so doing, they will increase their skills to interpret business situations and to understand the most relevant companies’ dynamics.

1. Content
The course program will focus on the following topics: Managerial Accounting: An Overview; Managerial Accounting and Cost Concepts; Profit Planning and Master Budget; Flexible Budgets, Standard Costs and Variance Analysis; Job-Order Costing; Process Costing; Cost-Volume-Profit Relationship; Variable Costing and Segment Reporting; Differential Analysis: The Key to Decision Making.
2. Exercises and case studies
The exercises of the course will focus on the following topics: a) Operational Budgets; b) Economic Budgets; c) Financial Budgets; d) Master Budget e) Cost-Volume-Profit Relationship; f) Cost Analysis for Decision Making.

The exam is based on a written test that aims to assess the theoretical and practical knowledge. The written test is composed of a theoretical section and a practical section. The practical section includes exercises on some of the following themes: a) Operational Budgets; b) Economic Budgets; c) Financial Budgets; d) Master Budget e) Cost-Volume-Profit Relationship; f) Cost Analysis for Decision Making.
The theoretical section includes two open questions on the whole program of the course.

Students must show to have gained a grounded knowledge of the main concepts, methods and tools regarding management control systems and cost analysis. Finally, students must demonstrate that they have gained the ability to critically reflect on the analyzed tools and on their adoption within companies.

The final evaluation will range from 18 (minimum mark) to 30 (maximum mark). Cum laude can be bestowed to outstanding performance.

The written test is composed of a theoretical section and a practical section. Within the practical section, each exercise has a score according to its complexity and relevance. The students will have to achieve at least a sufficient evaluation (18/30) to pass the test regarding the practical section. Within the theoretical section, each question has a score ranging between 0 and 30. The mark of the theoretical section is the average of the scores obtained by the students by answering to each question. The final grade is the average of the grades obtained in the practical section and in the theoretical section. The students who will demonstrated a critical, analytical and deep comprehension of the theoretical and practical aspects of the course will obtain 30 cum laude.

Ray Garrison, Eric Noreen, Peter Brewer, Managerial Accounting, 16th edition, Mc-Graw Hill, 2018.