Reporting and cost accounting (2019/2020)

Learning outcomes

Lo scopo del corso è sviluppare l'abilità dello studente nella comprensione e nel disegno del sistema di cost and management accounting oltre che di reporting aziendale. Il sistema di cost accounting provvede a rilevare ed imputare i costi agli oggetti aziendali, per finalità di inventario e di bilancio ma anche per finalità interne di misurazione dei risultati a brevi cadenze periodiche. La management accounting raccoglie, classifica, sintetizza e rappresenta informazioni per le decisioni, per la pianificazione e controllo e per l'analisi della performance manageriale. Il sistema di reporting rappresenta in forma sintetica alla direzione aziendale informazioni sia esterne che interne, per consentire al top ed al middle management di prendere decisioni. 5 Al termine del corso lo studente è in grado di: - conoscere i principali strumenti di management accounting, come la contabilità dei costi, la variance analysis, il budget, l’analisi per varianti, il reporting direzionale; - disegnare un modello di contabilità analitica e dei costi per imprese commerciali ed industriali, individuando i centri di responsabilità e le relative basi di ribaltamento; - redigere il budget di esercizio per imprese industriali o commerciali; - interpretare le principali differenze fra contabilità analitica e budget; - redigere alcuni rilevanti report aziendali per il controllo di gestione.

The course is divided into four parts (both for attending and non attending students):


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. Cost assignment
4. Accounting entries for a job costing system
5. Process costing
6. Joint and by-product costing

PART 3: INFORMATION FOR DECISION-MAKING
8. Cost-volume-profit analysis
9. Measuring relevant costs and revenues for decision-making
10. Pricing decision and profitability analysis
11. Activity-based costing

PART 4: INFORMATION FOR PLANNING, CONTROL AND PERFORMANCE MEASUREMENT
15. The budgeting process
16. Management control systems
17. Standard costing and variance analysis

PART 6: INFORMATION FOR PLANNING, CONTROL AND PERFORMANCE MEASUREMENT
24 Cost estimation and cost behaviour
25 Quantitative models for planning and control inventories

TEACHING ACTIVITY: front lessons. During the course a few casestudy will be analysed. Students will found those materials accessing to MYUNIVR platform. Students must prepare a project work under the supervision of the teacher. Instructions on how to do the PW (also for non attending students) are given in MYUNIVR platform. Chapters of the text book to study: 1, 2, 3, 4, 5, 6, 8, 9, 10, 11, 12, 15, 16, 17, 24, 25.

The teacher is available for Q&A:
1. at the and of the lectures;
2. in a specific meeting with students (both in presence and via skype - please see institutional webpage).

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 and from casestudies.
The examination is the sum on two parts: A) a Project work (which gives max 10 marks) and B) a written test on the whole program both for attending and non attending students (max 20 marks).
The Project work is done in groups of 3/4 persons or 1/2 students according to the instructions published via MOODLE and must be delivered before the written examination.
The written examination (B) includes: 10 multiple choice questions (MCQ), 1 mark for each question and 2 open questions (OQ), 5 marks for each question. Each question (MCQ and OQ) has a specific score indicated at the top line. The final grade is the sum of the scores of each single question (MCQ + OQ). The maximum score for the written examination is 20. The max evaluation of the PW is 10. The total grade is maximum 30.
The exam lasts between 50 and 60 minutes.
After passing the written examination the student MAY ask for an additional oral examination to modify (max +/- 3 marks) the previous score.
Online registration is required at least 3 days before the examination date.
The exam is in English.