PROGRAMMING AND CONTROL
- Overview
- Assessment methods
- Learning objectives
- Contents
- Full programme
- Delivery method
- Teaching methods
- Contacts/Info
Basic skills in accounting and financial reporting
The examination consists of a single general test to be taken at the final appeal (October 2024) or at the sessions scheduled in the department's calendar (winter, summer and special session in September 2025) The examination is in written form and includes some exercises (65% of the overall assessment) and some theory questions (35% of the overall assessment). The former require a test of the ability to analyse and process data with reference to exemplified business situations, while the open questions tend to test the study and understanding of concepts and definitions.
The entire didactic material, which will be indicated in the analytical programme of the course published at the beginning of the course on the course webpage, constitutes examination material. There are no supplementary oral examinations.
The course Planning and control is offered to students with the aim to broaden the knowledge of financial accounting and to introduce the logic of management control.
The primary educational objective is to facilitate, through theoretical lessons, incident discussions and practical exercises, learning methodologies and logic design and the functioning of systems to measure costs and managerial control.
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 budget 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
-Normalized cost vs. standard cost
-Determination of standard cost
-Variances analysis
PART B – Management control
-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 business cases discussions
The adopted text contains subsidiary teaching materials that are very useful for exam preparation.
The virtual sessions of the course will be supported by video recordings prepared by the lecturer.