The course aims at introducing the mechanisms and the tools of management control systems. By the end of the course, students will be able to gather knowledge and understanding of a range of costing and budgeting techniques and how to apply these techniques to problem-solving.
Prerequisites are the basic concepts of business administration and the fundamentals of financial statements, including the purpose, structure, and main contents of the income statement, balance sheet, and cash flow statement.
Compulsory prerequisites required (Propedeuticità) are published on the web site: https://lt-ea.unibg.it/it/node/106.
The course is structured in 36 classes; each class includes theoretical explanations and / or exercises (supported by slides published in advance, the use of exercises, excel simulations, case studies).
The classes provide for the active participation of students, according to the approach known as "active-learning" (i.e. group work, case discussions, integrated exercises).
An e-learning platform is used, on which the materials used during the lectures and the exercises will be published.
Attendance is strongly recommended.
All students are expected to be in class, fully prepared, and to actively participate in class.
The test will consists of:
- Multiple choice questions relating to theoretical issues, short execises, small cases. The correctness of the answer(s) provided will be assessed with respect to the alternatives proposed.
- Exercises that assess the capability to apply in practice the knowledge acquired during the course. The correctness of the procedure, the partial results and the final result will be evaluated.
The course includes an intermediate test regarding the first 6 ECTS in November. The validity of the test is until the January-February session.
(first 6 ECTS)
What management control is, Cost classification for decision making, Job-Order Costing and unit product costs, Cost Flows and Reporting, Cost-Volume-Profits, Variable Costing and segment reporting, Standard Costs and Variances.
(last 3 ECTS - 87056-MOD2)
Differential analysis, Master and Flexible Budgeting.
