The aim of the course is to develop the student ability in undestanding and designing the cost accounting and the business reporting systems. A cost accounting system is concerned with accumulating cost for inventory valuation to meet external financial accounting and internal monthly or quaterly profit measurement requirements. A management accounting system accumulates, classifies, summarizes and reports information that will assist employees within an organization in their decision making, planning, control and performance measurement activities. A business reporting system summarise both internal and external information for the decision making process realised by top and middle management.
The course is divided into four parts:
PART 1: INTRODUCTION TO MANAGEMENT AND COST ACCOUNTING
1. Introduction to management accounting
2. An introduction to cost terms and concepts
PART 2: COST ACCUMULATION FOR INVENTORY VALUATION AND PROFIT MEASUREMENT
3. Accounting for direct costs
4. Cost assignment for indirect costs
5. Accounting entries for a job costing system
6. Process costing
7. Joint and by-product costing
8. Income effects of alternative cost accumulation systems
PART 3: INFORMATION FOR DECISION-MAKING
9. Cost-volume-profit analysis
10. Cost estimation and cost behaviour
11. Measuring relevant costs and revenues for decision-making
12. Activity-based costing
PART 4: INFORMATION FOR PLANNING, CONTROL AND PERFORMANCE MEASUREMENT
13. The budgeting process
14. Management control systems
15. Standard costing and variance analysis
TEACHING ACTIVITY: front lessons.
TEXTBOOK
Colin Drury, Cost and Management Accounting 7e, Published by Cengage Learning, ©2011
ISBN-13: 9781408032138 / ISBN-10: 1408032139, 448 pages, (available on www.amazon.it and other ONLINE bookshops).
| Author | Title | Publisher | Year | ISBN | Note |
| Colin Drury | Cost and Management Accounting (Edizione 7) | Cengage Learning | 2011 | 9781408032138 | Colin Drury, Cost and Management Accounting 7e, Published by Cengage Learning, ©2011 ISBN-13: 9781408032138 / ISBN-10: 1408032139, 448 pages, (available on www.amazon.it and other ONLINE bookshops). |
The examination is a written test on the whole program. The aim of the examination is to assess a) the student knowledge of the main topics of the course and b) the ability to solve some practical case-study taken from the textbook. The examination includes: 9 multiple choice questions (MCQ) and 3 open questions (OQ). Each question (MCQ and OQ) has a specific score indicated at the top. The maximum score for the examination is 30.
The exam last 60 minutes.
After passing the written exmination the student MAY ask for an additional oral examination to modify (max +/- 3 marks) the previous score.
Online registration is required.
The exam is in English.
