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 “attending students” exam format involves taking two mid-term exams, one halfway through the course and one at the end of the course. The “non-attending” exam format involves taking a single general test. The mid-term tests and the general examination are in written form and include exercises and theory questions. The entire teaching material indicated in the course syllabus, which will be made available at the beginning of the course and published on e-learning, constitutes the examination material. There are no supplementary oral examinations.
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. - Introduction to management control system design
PART A - Production cost measurement systems based on actual values - Cost classification criteria and different product cost configurations; - Traditional methods of calculating full product costs: resource-based (single base and multiple base) and cost centre-based; - Activity-based method: Activity Based Costing; - Calculation of product costs in different types of production processes: by order, by process, in joint processes. PART B – The use of economic information to support economic governance processes: operational efficiency control - The system for calculating costs at normalised values and standard values - Determining the standard product cost - Analysis of variances PART C – The use of economic information to support economic governance processes: support for operational decisions - Cost-volume-profit analysis and the break-even point - Assessment of operational risk conditions - Operational decisions and short-term decision-making algorithms PART D – The management planning and control system: introduction to design logic - Segment analysis - The budgeting process: introduction to methodological and procedural aspects.
Lectures, exercises and case discussions
The text adopted for the exam in English is as follows: “Introduction to managerial accounting”, di Brewer Peter C. Garrison, Ray H. Noreen Eric W. - McGraw-Hill Education - Europe - 2023. The slides and any other teaching aids will be available to students on the site e-learning.