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Management Control and Cost Analysis
Attilio Mucelli

Seat Fac. Economia - Sede di Ancona
A.A. A.A. 2016-2017
Credits 6
Hours 44
Period 1^ semestre
Language ENG

Development of the course

The course will be organized through both theoretical and practical classes provided frontally and in the form of group work and exercises. The teaching activities will be supported with e-learning mode contains teaching materials (slides of the lectures, case studies and further reading) and any additional information about the course.

Learning outcomes

1.    Knowledge and Understanding
After completing the course, students will be able to understand the key issues and the size of the company's programming, with particular reference to the objective profiles, subjective and purposeful of management control in reference to the international projection of companies.
2.    Applying knowledge and understanding 
At the end of the course students will be able to make critical evaluations of theoretical and applicative part of the main cases relating to business planning, both in the economic dimension in both the financial one.
3.    Judgment, focus and communication skills
Practical applications, comparisons and discussions, which will take place during the course will enable students to enhance their autonomy, and their skills in terms of communication, learning and critical approach.

 

Program

1.    Contenuti.
The course program will focus on the following topics: Managerial Accounting: An Overview; Managerial Accounting and Cost Concepts; Profit Planning and Master Budget; Flexible Budgets, Standard Costs and Variance Analysis; Job-Order Costing; Process Costing; Cost-Volume-Profit Relationship; Variable costing and Segment Reporting; Differential Analysis: The key to decision Making     

2.    Esercitazioni e case study
The exercises of the course will focus on the following topics: a) Operational Budgets; b) Economic Budgets; c) Financial Budgets; d) Master Budget e) Cost-Volume-Profit Relationship ; f) Cost analysis for decision making.

Development of the examination

1.    Exam. 
The exam consists of a written test and is intended to evaluate the application and theoretical knowledge. The task is ideally divided into two parts: an application part and a theoretical part.
The application part includes exercises on the following topics: a) Master budget; b) Analysis of costs for decision-making purposes.
The theoretical part is to answer two open questions related to the course topics.
2.    Assessment criteria
In the written test students must demonstrate that they have acquired a solid understanding of the main concepts, methods and tools for business planning and cost control.
3.    Grading scale 
Positive grades: from 18 to 30. Cum laude can be bestowed to outstanding performance
4.    Grading method 
The written exam is ideally divided into two parts: an application part and a theoretical part.
In the application part, it is given a score based on the complexity and importance submissive year. The overcoming of the written application part is bound to the acquisition of at least 18/30.
In the theoretical part, to each of the two open-ended questions to which the student has to answer is assigned a rating from 0 to 30. The assessment of the theoretical part is the average of marks obtained in reference to each answer provided.
The final grade is given by the arithmetic average of the grade obtained in the application and that obtained in the theoretical part. 
Students who demonstrate a critical, analytical, thorough and comprehensive understanding of the theoretical and practical content of the course, showing that he has matured and deepened their knowledge in business on their own and original programming will get the laude.

 

Recommended reading

Ray Garrison, Eric Noreen, Peter Brewer, Managerial Accounting, 14th edition, Mc-Graw Hill

Courses

• L.M. - International Economics and Commerce curriculum Business Organization and Strategy