Knowledge and understanding
The course deals with the management control techniques and methods, in particular the course wiil focus on economic and financial control applied to manufacturing companies which are characterized by the standard or subcontracted production. The main techniques which will be analyzed are the followed: the analysis of financial statements, this tecnique allows the student to know the main indicators of profitability, solidity and liquidity, understanding their relationships; budgeting, cost - volume - results analysis and variance analysis, these tecniques allows the student to understand the management control principles and how to apply the concurrent control. The analysis of the main cost analysis methodologies allows the student to know the methods for determining partial results, relating to the different types of products / services, customers and other profitability areas.
Applying knowledge and understanding
The course aims to develop the student's aptitude for evaluating and analyzing the degree of efficiency of a company. In particular, the student must be able: a) to re-elaborate and interpret the financial statements as an instrument of economic and financial control, choosing and applying the different reclassification criteria of the balance sheet, and constructing the system of economic and financial indicators; b) to implement the most widespread cost accounting systems as management accouting tools which support the economic and financial control and the decision making processes; c) to apply the cost analysis - volumes - results techniques; d) to draw up the company budget and apply the variance analysis.
The course is aimed at developing critical and judgmental skills, with particular reference to: a) the choice of the reclassification criteria of the financial statements and the formulation of the resulting assessments on profitability, solidity and liquidity; b) the choice of the most suitable accounting information systems to support the control and decision-making problems that arise in the company practice.
The course aims to develop in the student’s communication skills required to a controller or a business consultant.
The course aims to develop the student’s ability to select and apply the management accouting techniques and methods, providing solution to problems concerning the cost management.
he course will take place through lectures and exercises.
A tutoring course will support the students in solving further exercises with respect to those that will be carried out by the teacher during the lessons. The tutoring course will be scheduled according to the content of the lessons.
The teaching program is structured as follows: definition of management control, analysis of financial statements, cost analysis, cost accounting cost accounting as an instrument decision-making; Budgeting and analysis of budget deviations.
1. PAOLUCCI G., Analisi di bilancio. Logica, finalità e modalità applicative. F. Angeli. 2016. Capp. 1-2-3-4-5-6
2. ARCARI A. M. (a cura di), Programmazione e controllo. McGraw-Hill Education. Seconda edizione, 2014. Capp. 1-2-3-4-5-6-7-8-11-12