73026 - Cost Accounting

Learning outcomes

At the end of the module, the student is familiar with managerial accounting and the methodologies for its maintenance. They are capable of calculating both production costs - in various relevant configurations - and profit margins to meet directional informational purposes (both traditional and advanced). The module is characterized by a didactic approach based on case presentations and practical exercises.

Course contents

- The management control system

- Introduction to cost analysis:

* The concept of cost and its classifications

* Cost configurations

* Activity-based costing systems

- Analysis of activities and processes:

* Identification of company activities

* Mapping of company processes

* Activity analysis for cost allocation

- Analytical accounting according to the double accounting system:

* Accounting aspects

* Process aspects

* Technological aspects

- The use of standard costs for cost analysis

- Activity-Based Costing (ABC)

- Cost analysis to support short-term decisions:

* Break-even analysis

* Product mix choices

* Elimination of loss-making productions

Readings/Bibliography

Anthony R., Hawkins D., Macrì D., Merchant K. SISTEMI DI CONTROLLO. ANALISI ECONOMICHE PER LE DECISIONI AZIENDALI. Mc Graw-Hill , XVI edizione (Chapters 1, 3, 4, 5, 6, 11, 12, 16)

Handouts, presentations, business cases provided by the teacher

Teaching methods

The course includes a combination of lectures, classroom discussions, practical exercises, and analysis of business cases. Students will be encouraged to actively participate in discussions and apply the concepts learned through case studies

Assessment methods

The final exam will be administered in written form.

The written exam will consist of three calculation exercises with open commentary and three multiple-choice questions. The exam aims to assess both the students' knowledge (e.g., definitions) and their ability to apply the concepts learned to real problems/exercises. The exam will be time-limited: there will be a maximum of 60 minutes to answer all the questions.

Attendance or non-attendance at classes will not be a factor in the evaluation.

The exam is passed with a minimum score of 18 out of 30 (thirtieths). The grading scale is as follows:

• Below 18: insufficient

• 18-23: sufficient

• 24-27: good

• 28-30: excellent

• 30 with honors: outstanding

Students must ALWAYS register for the exam via Almaesami (mandatory, failure to do so will prevent access to the exam).

Students may be organized into multiple exam sessions on the same day if their number exceeds a certain threshold.

Office hours

See the website of Maria Lusiani