1. 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 products/service cost measurement systems as tool to support firms decision making process; 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.
2. 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 implement the most widespread cost accounting systems as management accouting tools which support the economic and financial control and the decision making processes; b) to apply the cost analysis - volumes - results techniques; c) to draw up the company budget and apply the variance analysis.
3. Making judgements.
The course is aimed at developing critical and judgmental skills, with particular reference to the choice of the most suitable accounting information systems to support the control and decision-making problems that arise in the company practice.
4. Communication skills.
The course aims to develop in the student’s communication skills required to a controller or a business consultant.
5. Learning skills.
The course aims to develop the student’s ability to select and apply the management accounting techniques and methods, providing solutions to problems concerning the cost management.
The course will take place through lectures and exercises.
The teaching program is structured as follows: definition of management control, cost analysis, cost accounting and decision-making; budgeting and analysis of budget deviations.