The course aims to dive into the analytical logics and methodologies and into the cost determination tools in the production companies. The different elements of production costs are analyzed, together with the problems inherent with their detection and their use in decision-making processes, with the aim of pursuing the company’s economic and financial balance trend.
The student will be guided in the world of analytical accounting, through the analysis of costs, revenues and margins for several reference matters that are significant for the management: productions, phases, activities, responsibility centers, areas, customers, business.
In the training course different methodologies will be explored, applied to the various cognitive aims of the management, as well as to give an answer to its decision-making needs: efficiency, productivity, pricing, strategic variations, formal accountability, utility decisions.
The student will be able to elaborate on the different methodologies such as full costing, direct costing, advanced direct costing, activity based costing, differential analysis.
The student will be guided in the world of analytical accounting, through the analysis of costs, revenues and margins for several reference matters that are significant for the management: productions, phases, activities, responsibility centers, areas, customers, business.
In the training course different methodologies will be explored, applied to the various cognitive aims of the management, as well as to give an answer to its decision-making needs: efficiency, productivity, pricing, strategic variations, formal accountability, utility decisions.
The student will be able to elaborate on the different methodologies such as full costing, direct costing, advanced direct costing, activity based costing, differential analysis.
teacher profile teaching materials
1.1. Cost accounting within the management accounting system
1.2. The classification of costs and the different cost configurations
1.3. The determination of costs according to the full costing technique
1.4. The determination of costs according to the simple and evolved direct costing technique
2. Cost centre accounting
2.1. Creation of a cost centre map and allocation of business costs
2.2. Operation of a cost centre accounting system and its limitations
3. Costs and business decisions
3.1. The typology of production processes
3.2. The cost-volume-results analysis
3.3. The use of the contribution margin in business decisions (product mix, make or buy, pricing and profitability assessments, differential analysis, etc.)
4. Overview of innovative cost analysis and management issues
4.1. Cost accounting in the Anglo-Saxon tradition
4.2. Changes in organisational and management architectures and cost analysis
4.2. Costing from business processes and activities: activity-based costing
5. Notes on accounting systems
5.1 Single integrated system
5.2 Dual accounting system
Case-studies
- Anthony R. Hawkins D. Kenneth A.: Accounting: texts and cases, Mc Graw Hill Companies, 12th edition 2013
Mutuazione: 21201512 ANALISI E CONTABILITÀ DEI COSTI in Economia e gestione aziendale L-18 BIONDI LUCIA
Programme
1. Cost recognition and calculation methodologies1.1. Cost accounting within the management accounting system
1.2. The classification of costs and the different cost configurations
1.3. The determination of costs according to the full costing technique
1.4. The determination of costs according to the simple and evolved direct costing technique
2. Cost centre accounting
2.1. Creation of a cost centre map and allocation of business costs
2.2. Operation of a cost centre accounting system and its limitations
3. Costs and business decisions
3.1. The typology of production processes
3.2. The cost-volume-results analysis
3.3. The use of the contribution margin in business decisions (product mix, make or buy, pricing and profitability assessments, differential analysis, etc.)
4. Overview of innovative cost analysis and management issues
4.1. Cost accounting in the Anglo-Saxon tradition
4.2. Changes in organisational and management architectures and cost analysis
4.2. Costing from business processes and activities: activity-based costing
5. Notes on accounting systems
5.1 Single integrated system
5.2 Dual accounting system
Case-studies
Core Documentation
– Datar S. Rajan M.: Cost Accounting, Pearson Education 2017- Anthony R. Hawkins D. Kenneth A.: Accounting: texts and cases, Mc Graw Hill Companies, 12th edition 2013
Type of delivery of the course
Teaching activities include: face-to-face lessons lasting two hours three times a week, for a total of 60 hours. The days assigned to the exercises will be communicated by the teacher during the lessons. Lectures are usually in-class (in the light of the Pandemic emergency, they may happen online) and are held three times a week. Each lesson lasts two hours. The lectures per week are dedicated to explaining the theoretical concepts and practical applications of cost accounting tools.Attendance
Recommended but not compulsoryType of evaluation
Written exam with exercises and theoretical/practical questions