PROGRAMMING AND CONTROL
- Overview
- Assessment methods
- Learning objectives
- Contents
- Full programme
- Teaching methods
- Contacts/Info
Basic skills in accounting and financial reporting
Two written midterm tests are scheduled (one at the end of October and the other at the end of the course). If students fail or do not take the midterm tests, the written exam will be taken during the regular sessions. The test includes some theoretical questions and some exercises.
The Planning and Control course is offered to students with the aim of deepening and broadening their knowledge of accounting and non-accounting tools related to the financial measurement processes learned in the Financial Statement courses and introducing them to the logic of management control. In the first part, students will learn how to calculate production costs and how cost accounting works. In the second part, the main management planning and control tools will be presented. These will be explored in greater depth in the three-year degree programme, particularly in the optional Management Control course. The primary educational objective of the course is therefore to promote, through theoretical lessons, case discussions and practical exercises, the learning of the methodologies and logic of the design of cost measurement and management planning and control systems to support business decision-making processes.
The main contents of the course can be traced back to these complementary areas of knowledge: - Calculation of production costs at actual values - Calculation of production costs at estimated values - Use of information to support planning and control processes.
The program is ideally divided into two parts: PART A-Cost accounting System - Accounting methods and non-accounting for the calculation of production costs; - Criteria for the classification of the different configurations of costs and product cost; - Traditional methods of calculating the full cost of the product; - Calculation of product costs in different types of processes PART B – Management control - Normalized cost vs. standard cost - Determination of standard cost - Variances analysis - Operational decisions and investment decisions - Variables cost accounting - Segment analysis - Operational decision-making - Short term decision algorithms - Capital Budgeting - The budgeting: methodological, procedural and organizational aspects
Lectures exercises and case discussions
Teacher's office hours: by appointment Teacher's email address: simone.trezzi@uninsubria.it