Unit MANAGEMENT ACCOUNTING
- Course
- Business administration
- Study-unit Code
- 20017606
- Location
- PERUGIA
- Curriculum
- Economia e legislazione aziendale
- Teacher
- Fabio Santini
- Teachers
-
- Fabio Santini
- Hours
- 42 ore - Fabio Santini
- CFU
- 6
- Course Regulation
- Coorte 2017
- Offered
- 2019/20
- Learning activities
- Caratterizzante
- Area
- Aziendale
- Academic discipline
- SECS-P/07
- Type of study-unit
- Obbligatorio (Required)
- Type of learning activities
- Attività formativa monodisciplinare
- Language of instruction
- Italian
- Contents
- 1) Management accounting and controlling tools2) Cost accounting and cost management
- Reference texts
- Horngren C.T., Datar S.M., Foster G., Rajan M., Ittner C., Cost accounting. A managerial enphasis, Pearson International Edition, Thirteenth edition (chapters 2,3,4,6,7,8,10,11,12,15,17,20,21).Slides of the course.
- Educational objectives
- The purpose of the course is to provide students with the basic knowledge and application of management accounting and control.
In particular, the students will acquire knowledge on:
a) the control activity as a function of the company goals;
b) planning and business planning, in its tools and its purpose;
c) the analysis of the financial and economic situation of the company throw the reading of the annual financial statement;
d) product cost figures and cost accounting systems.
The main pratical competences will concern:
a) the construction of the general operating budget and the application of the variance analysis;
b) the ability to read the financial statements and to compute financial figures regarding the overall situation of enterprise;
c) the ability to compute different configurations of product costs.
As regards the independence of judgment, the students at the end of the course will be able to:
a) independently select the control tools which best fits the business context of the organization.
b) independently assess the general situation of enterprise through the reading of financial statements;
c) choose the most useful cost configurations with respect to the informative goal.
Finally, with regard to communication skills, students will be able to:
a) use the technical terms of the planning and control;
b) present their knowledge in an appropriate way. - Prerequisites
- n order to address the teaching of management accounting, students should possess:
a) basic knowledge of mathematics (quadratic equations);
b) adequate knowledge of financial accounting and financial statement issues;
c) adequate knowledge of Microsoft Excel spreadsheets.
The first two requirements, a) and b), are related to all the students while the third, sub c) is limited to the attending ones. - Teaching methods
- a) Lectures, to transmit knowledge about the different topics of the program;
b) pratical exercises, to apply knowledge for the solution of real problems;
c) discussion of case studies, to develop judgment skills;
d) work groups, to develop team-working and communication skills;
e) students meetings, to discussion and dialogue on complex issues;
f) seminars by professional controllers, to reveal the pratical relevance of the discipline. - Learning verification modality
- The examination consists of a written exam, which lasts two hours, composed of two case studies and one theoretical question.Every exercise is evaluated as decimal (0-10) and weighted on the basis of its complexity. The three scores are finally summed to obtain the final grade (0-30).The first case (50 minutes) is the most complex and relates to the product cost accounting with allocation of overhead costs (12 points on 30).
The second case (40 minutes), can involve, alternatively, budgeting, variance analysis , break-even analysis (8 points on 30).
The theoretical question (30 minutes) can cover any topic in the program (10 points on 30).To access the oral examination is necessary, at the same time: i) to have achieved an overall score of at least 18/30 and ii) have obtained the sufficiency in at least two exercises on the three assigned.
Those who achieve a grade-sufficient in each of the three exercises can proceed to direct recording of the vote.Students who participate the working groups proposed by the teacher during the course, are entitled to two additional points.
The decision to limit the examination to the written test (in case of sufficiency in the three exercises) lies in the fact that the presence of two practical cases and one theoretical question allows, simultaneously, to verify the acquisition of basic knowledge and to test its concrete application. - Extended program
- 1) Management accounting and controlling tools
i) the theoretical framework of business controls (management accounting and management control). ii) Planning and programming. Responsibility accounting. Capital budgeting. Flexible budgets, direct costs and overhead costs variances. iii) financial statements analysis. The reclassification of the balance sheet and the income statement. The main financial and economic ratios.2) Cost accounting and cost managementi) cost terms and purposes. fix and variable costs. direct and overhead costs. standard, actual and normal costs. cost accounting systems. ii) CVP analysis. the incremental costing. iii) Job costing and process costing. iv) The main aim of cost accounting: Efficency analisys, pricing, stock evaluation, decision making.