MANAGEMENT ACCOUNTING

Single discipline educational activity

Course Sheet

Course code:

LM57018

Academic Year of enrolment:

2020

Year of supply:

2021/2022

Type of Course:

Characterising

Degree:

Course of 2nd Cycle Degree in MANAGEMENT, FINANCE AND DEVELOPMENT

Disciplinary Sector:

Business Administration

Location:

PESCARA

Credits:

Programme Year:

Professor and Collaborators:

IANNONE BARBARA

Cycle:

Second semester

Hours of classroom activity:

Individual study hours:

Prerequisites:

It is required a basic Knowledges of fundamental of Business Administration.

Objectives

LEARNING GOALS:
Management Accounting is an essential tool that enhances a manager's ability to make effective economic decisions.
The course objective is to give students a good understanding about the concepts and techniques of management accounting. These issues will be explained against the background of a fast-changing global market.

EXPECTED LEARNING OUTCOMES
The acquired knowledge about management accounting will make able students to select and apply the main management accounting tools to support decisions. In particular:
- they will be able to identify, in different contexts, decision-making problems or specific analytical issues (e.g., profitability analysis, calculation of operational risk, choices between alternatives, planning choices, performance evaluation, etc.);
- they will be able to identify, for each decision-making problem or specific analytical question, the most appropriate cost configuration for the analysis;
- they will know how to apply the most appropriate analysis tool or tools from time to time, with the relative formulas;
- they will know how to solve simple management accounting problems.

APPLYING KNOWLEDGE AND UNDERSTANDING
At the end of the course students will be able to:
- think critically about the nature and uses of management accounting;
- think about the information or the decision support benefits that management accounting tools can give to companies in different contexts;
- evaluate the opportunity or otherwise about the application of any management accounting tools, in order to solve a specific decision-making problem.

COMMUNICATION SKILLS
At the end of the course, students will have problem analysis skills and the ability to identify the necessary information in order to focus the best solution. Specifically, critical thinking, problem solving, self-management, teamwork, relationship and communication skills will be adequately developed, which enhance and make the skills more usable.

Contents

The course covers the following topics:
1: After an introduction, the focus move on the interaction of Management Accounting and the business process.
2: "Cost behavior", "Cost Management Systems" and "Decision Making";
3: Accounting techniques for Planning and Control
4: "Budgeting", "Variance Analysis" and "Management Control System" will be discussed.
5: ABC and last techniques in Management Accounting;
6: Product Costing and "Cost Allocation", "Overheads" and "Job-Costing and Process-Costing Systems" skills for how to support the corporate image, as an integral part and a fundamental component for the corporate social responsibility policy.

Extended Syllabus

- Introduction: the concept of "control" into the companies;
- The Managerial Control System (SCM): types of control (control of actions, results of human resources and corporate culture);
- Management Control (CdG): objectives, process and traditional configuration;
- Corporate governance and control between tradition and new best practices;
- Definition and implementation in the company of the results measurement system;
- Business planning and strategic budgeting;
- Processes of Control process and responsibility maps;
- Business plan;
- Characteristics, purposes and preparation of the corporate budgets;
- Differential analysis and variance analysis to support business decisions.

Recommended Bibliography

AA. VV.
Management and Cost Accounting
Pearson, Seventh Edition,
2019

Teaching Methods

The lectures will be held in by the teacher in the form of frontal classes, (in presence and / or in blended view), analysis and discussion of business cases, project work, as well as seminars presented by privileged witnesses. Attendance is optional, but strongly recommended.

Evaluation methods

Verification of learning:

The final examination consists of a written test, with sections of exercises, open questions and multiple-choice questions. These are maximum n. 5 of them for each kind of question.
The final evaluation consists in a grade that goes from 1 to 30 with honors, according to the following methods: 1-17, no passing grade; 18-21, passing grade; 22-24, fair; 25-27, good; 28-29, very good; 30-30 with honors, excellent.
Students who achieve a positive evaluation (equal to or greater than 18), the vote will be proceed ex officio.
In the conclusion may will be a possible oral exam to define the final judgment (according to the professor's opinion).

Contacts/More Information

e-mail: barbara.iannone@unich.it
Reception day:
Tuesday 11,00-13,00

If Health Laws and University regulations allow, teaching activities, teachers office hours’, and exams may take place online (in whole or in part). For any further information and updates, please refer to the University website.

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

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