In line with the educational objectives of the degree course in Economics and Business Management,
The course aims to provide a solid knowledge of the following basics:
- the nature, uses and purposes of management accounting;
- the main classifications and cost configurations and their uses;
- the main analytical tools related to different cost configurations, their formulas and meanings;
-the analysis of profitability, cost-benefit analysis and choice between alternatives.
At the end of the course students should be able to select and apply the main management accounting tools to support decisions. In particular:
- be able to identify, in different contexts, decision-making problems or specific analytical issues (e.g. profitability analysis, choice between alternatives, performance evaluation, etc.);
- being able to identify, for each specific decisional problem or analytical issue, the most appropriate cost configuration for the analysis;
- know how to apply the most appropriate analysis tools, with the relevant formulas, from time to time;
- know how to solve simple problems related to choices of economic convenience;
Finally, the student must have the ability to express reasoned assessments of the information benefits or support for business decisions that management accounting tools can give in different contexts.
The course aims to provide a solid knowledge of the following basics:
- the nature, uses and purposes of management accounting;
- the main classifications and cost configurations and their uses;
- the main analytical tools related to different cost configurations, their formulas and meanings;
-the analysis of profitability, cost-benefit analysis and choice between alternatives.
At the end of the course students should be able to select and apply the main management accounting tools to support decisions. In particular:
- be able to identify, in different contexts, decision-making problems or specific analytical issues (e.g. profitability analysis, choice between alternatives, performance evaluation, etc.);
- being able to identify, for each specific decisional problem or analytical issue, the most appropriate cost configuration for the analysis;
- know how to apply the most appropriate analysis tools, with the relevant formulas, from time to time;
- know how to solve simple problems related to choices of economic convenience;
Finally, the student must have the ability to express reasoned assessments of the information benefits or support for business decisions that management accounting tools can give in different contexts.
Curriculum
teacher profile teaching materials
Methodologies for cost detection and computation
1.1. Analytical accounting within the accounting management system (AMS)
1.2. Cost classification and various cost configurations
1.3. Cost assessment according to the full costing technique
1.4. Cost assessment according to the simple and advanced direct costing technique
Accounting for cost centers
2.1. Cost centers mapping and business costs allocation
2.2. Accounting system for cost centers operation and relevant limits
Costs and business decisions
3.1. Types of production processes
3.2. Cost – volume – results analysis
3.3. Contribution margin use in business decisions (product mix, make or buy, pricing and profitability assessments, differential analysis, etc.)
Hints on innovative issues of cost analysis and management
4.1. Cost accounting within the Anglo-Saxon tradition
4.2. Changes in organizational and management structures and in cost analysis
4.2. Cost assessment starting from manufacturing and business activities: the activity-based costing
Hints on accounting systems
5.1 Integrated system
5.2 Two-tier accounting system
- Anthony R. Hawkins D. Kenneth A.: Accounting: texts and cases, Mc Graw Hill Companies, 12th edition 2013
Programme
Methodologies for cost detection and computation
1.1. Analytical accounting within the accounting management system (AMS)
1.2. Cost classification and various cost configurations
1.3. Cost assessment according to the full costing technique
1.4. Cost assessment according to the simple and advanced direct costing technique
Accounting for cost centers
2.1. Cost centers mapping and business costs allocation
2.2. Accounting system for cost centers operation and relevant limits
Costs and business decisions
3.1. Types of production processes
3.2. Cost – volume – results analysis
3.3. Contribution margin use in business decisions (product mix, make or buy, pricing and profitability assessments, differential analysis, etc.)
Hints on innovative issues of cost analysis and management
4.1. Cost accounting within the Anglo-Saxon tradition
4.2. Changes in organizational and management structures and in cost analysis
4.2. Cost assessment starting from manufacturing and business activities: the activity-based costing
Hints on accounting systems
5.1 Integrated system
5.2 Two-tier accounting system
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
Reference Bibliography
- Agrawal M.L. - Gupta K.L.: Cost Accounting, Sahita Bhawan Publications - Bhimani A. Horngren C.T. Management and Cost Accounting, Pearson Education - 6th edition - Jawahar Lal - Seema Srivastav: cost Accounting:Text, Problems and Cases, Mc Grow HillType of delivery of the course
Face to face lesson, using slides - several exercises are on scheduleAttendance
Attending is recommended but not compulsoryType of evaluation
Oral exam: short written exercises containing economic profit calculations are provided teacher profile teaching materials
Methodologies for cost detection and computation
1.1. Analytical accounting within the accounting management system (AMS)
1.2. Cost classification and various cost configurations
1.3. Cost assessment according to the full costing technique
1.4. Cost assessment according to the simple and advanced direct costing technique
Accounting for cost centers
2.1. Cost centers mapping and business costs allocation
2.2. Accounting system for cost centers operation and relevant limits
Costs and business decisions
3.1. Types of production processes
3.2. Cost – volume – results analysis
3.3. Contribution margin use in business decisions (product mix, make or buy, pricing and profitability assessments, differential analysis, etc.)
Hints on innovative issues of cost analysis and management
4.1. Cost accounting within the Anglo-Saxon tradition
4.2. Changes in organizational and management structures and in cost analysis
4.2. Cost assessment starting from manufacturing and business activities: the activity-based costing
Hints on accounting systems
5.1 Integrated system
5.2 Two-tier accounting system
- Anthony R. Hawkins D. Kenneth A.: Accounting: texts and cases, Mc Graw Hill Companies, 12th edition 2013
Programme
Methodologies for cost detection and computation
1.1. Analytical accounting within the accounting management system (AMS)
1.2. Cost classification and various cost configurations
1.3. Cost assessment according to the full costing technique
1.4. Cost assessment according to the simple and advanced direct costing technique
Accounting for cost centers
2.1. Cost centers mapping and business costs allocation
2.2. Accounting system for cost centers operation and relevant limits
Costs and business decisions
3.1. Types of production processes
3.2. Cost – volume – results analysis
3.3. Contribution margin use in business decisions (product mix, make or buy, pricing and profitability assessments, differential analysis, etc.)
Hints on innovative issues of cost analysis and management
4.1. Cost accounting within the Anglo-Saxon tradition
4.2. Changes in organizational and management structures and in cost analysis
4.2. Cost assessment starting from manufacturing and business activities: the activity-based costing
Hints on accounting systems
5.1 Integrated system
5.2 Two-tier accounting system
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
Reference Bibliography
- Agrawal M.L. - Gupta K.L.: Cost Accounting, Sahita Bhawan Publications - Bhimani A. Horngren C.T. Management and Cost Accounting, Pearson Education - 6th edition - Jawahar Lal - Seema Srivastav: cost Accounting:Text, Problems and Cases, Mc Grow HillType of delivery of the course
Face to face lesson, using slides - several exercises are on scheduleAttendance
Attending is recommended but not compulsoryType of evaluation
Oral exam: short written exercises containing economic profit calculations are provided