A14907 Strategic Management Accounting

Scuola di Economia e Management
Syllabus
Academic Year 2018/19 First Semester

foto
Docente TitolarePatrizia Tettamanzi
E-mailptettamanzi@liuc.it
Office"Torre" (main tower), 7th floor
Phone0331 572207

Learning Objectives

In Strategic Management Accounting the students will learn to use a range of tools for costing, decision-making, planning and control and consider their applicability within the context of strategic management. They will also be able to read and understand a financial statement prepared according to International Accounting Standards.

 

Learning targets

This course is not mainly technical. Our aim is not to finish the course being able to do something, but mainly to finish the course being able to understand something.

Understanding is the base of applying and correctly reading information.

The students are expecting to acquire the tools which could allow them to take the proper strategic decisions in terms of management accounting.

Course Content

The course is divided into three parts, of 15 hours approximately each.

The first part is about performance measurement and the different bodies of accounting standards and their application to the financial reporting issues is analysed.

The second part is focused on the strategic use of cost accounting.

The third and last part is made of specific topics, as CSR, sustainability reporting, voluntary disclosure.

Course Delivery

The course is made of theoretical lessons, cases and practical exercises.

Lectures are held throughout the entire semester. Students are responsible for learning the material before coming to class.

You are responsible for consulting on a regular basis the website of the course on “my.liuc.it” where updates, additional material, slides and exercises about the course are posted.

 

Course Evaluation

The assessment is based on a written exam at the end of the course. To pass the exam the student needs to achieve a grade higher than 18/30.

Exams rules for attending students will be detailed during the first class of the course.

Syllabus

Session 1
20/09/2018
Time: 14:00
Hours of lesson: 3
Instructor: P. Tettamanzi

Topics:

Introduction to the course

Differences between financial and management accounting - The concepts of performance measurement and financial reporting

Readings:

Teaching material prepared by the teachers

Session 2
24/09/2018
Time: 10:00
Hours of lesson: 3
Instructor: P. Tettamanzi

Topics:

The use of different bodies of accounting standards (local GAAP and IAS/IFRS) and its effects on financial statements.

Analysis of current and fixed assets valuation criteria and their impact on performance measurement (for disclosure and management valuation purposes).

Readings:

Teaching material prepared by the teachers

Session 3
27/09/2018
Time: 14:00
Hours of lesson: 3
Instructor: P. Tettamanzi

Topics:

The use of different bodies of accounting standards (local GAAP and IAS/IFRS) and its effects on financial statements.

Analysis of current and fixed assets valuation criteria and their impact on performance measurement (for disclosure and management valuation purposes).

CONT'D

Readings:

Teaching material prepared by the teachers

Session 4
01/10/2018
Time: 10:00
Hours of lesson: 3
Instructor: P. Tettamanzi

Topics:

Financial Statements analysis instruments and cash flow statement analysis. The managers' strategic point of view.

Readings:

Teaching material prepared by the teachers

Session 5
08/10/2018
Time: 10:00
Hours of lesson: 3
Instructor: P. Tettamanzi

Topics:

Performance measurement and cost accounting - the case of a multinational group of companies.

Review session for the exam preparation

 

Readings:

Teaching material prepared by the teachers

Session 6
11/10/2018
Time: 14:00
Hours of lesson: 2
Instructor: P. Tettamanzi

Topics:

WRITTEN EXAM NR. 1 -  PROF. TETTAMANZI

Readings:

Session 7
18/10/2018
Time: 09:00
Hours of lesson: 3
Instructor: P. Smith

Topics:

Strategic Management Accounting – The Role of Management Accounting in Supporting Strategic and Business Planning Processes

  • The Strategic Planning Process
  • Business Planning
  • Budgeting

Readings:

Accounting and Finance for Managers - Chapter 5

Session 8
25/10/2018
Time: 09:00
Hours of lesson: 3
Instructor: P. Smith

Topics:

Budgets and Performance Management

  • Responsibility centres
  • Standard Costing
  • Variance Analysis

Readings:

Accounting and Finance for Managers - Chapter 6

Session 9
29/10/2018
Time: 09:00
Hours of lesson: 3
Instructor: P. Smith

Topics:

Pricing Decisions

  • Costing and Pricing
  • Absorption Costing and Full-Cost-Plus Pricing 
  • Marginal-Cost-Plus Pricing
  • Activity-Based Costing Pricing
  • Life-Cycle Costing and Pricing

Readings:

Accounting and Finance for Managers - Chapter 8

Session 10
05/11/2018
Time: 09:00
Hours of lesson: 3
Instructor: P. Smith

Topics:

Investment Decisions

  • Investment Appraisal
  • Traditional Evaluation Techniques
  • Real-World Complexities

Readings:

Accounting and Finance for Managers - Chapter 9

Session 11
08/11/2018
Time: 09:00
Hours of lesson: 3
Instructor: P. Smith

Topics:

Operational Decisions

  • Operational Decision Making
  • Cost-Volume-Profit Analysis
  • Relevant Costing 

WRITTEN EXAM NR. 2 - PROF. SMITH

 

Readings:

Accounting and Finance for Managers - Chapter 11

Session 12
15/11/2018
Time: 09:00
Hours of lesson: 3
Instructor: L. Songini

Topics:

Strategic cost management: main characteristics and differences between managerial control systems.

Target costing and life cycle costing: principles, structure, process.

Alfa case study

 

 

Readings:

Pistoni A. and Songini L., Servitization strategy and managerial control, Emerald Publishing Limited, 2018

Paragraphs 3.1, 3.2, 3.3.1, 3.3.2 (par. 3.3.2.5 excluded), 3.3.3 (par. 3.3.3.5 excluded), 4.3 Alfa case study

Session 13
20/11/2018
Time: 14:00
Hours of lesson: 3
Instructor: L. Songini

Topics:

Servitization strategy and cost management.

The role of services in manufacturing companies.

The impacts of servitization strategy.

Some data from different industries

 

Readings:

Pistoni A., Songini L., Servitization strategy and managerial control, Emerald Publishing Limited, 2018

Chapters 1 and 2, paragraph 4.8

Session 14
29/11/2018
Time: 09:00
Hours of lesson: 3
Instructor: L. Songini

Topics:

Servitization strategy and strategic cost management: a reference framework

Accounting and control for sustainability.

CSR and sustainability: a brief introduction

 

 

Readings:

Pistoni A. and Songini L., Servitization strategy and managerial control, Emerald Publishing Limited, 2018, paragraphs 3.3.2.5, 3.3.3.5, 3.4.1., 3.4.2, 3.4.4

 

Session 15
06/12/2018
Time: 09:00
Hours of lesson: 3
Instructor: L. Songini

Topics:

CSR and sustainability disclosure: sustainability reporting and integrated reporting

Readings:

Songini L., Pistoni A., Sustainability disclosure: state of the art and new directions, Emerald Publishing Limited, 2015

Chapters 1, 3 and 4

Session 16
13/12/2018
Time: 09:00
Hours of lesson: 3
Instructor: L. Songini

Topics:

The how and why of CSR and sustainability: their main impacts on the firm - Enel case study Part A

CSR and sustainability disclosure: Enel case study Part B

Presentation of teamwork assignment and final discussion of the Enel case study

Readings:

Enel case study

http://stream.sdabocconi.it/enel_case/index.asp
 
Session 17
17/12/2018
Time: 09:00
Hours of lesson: 2
Instructor: L. Songini

Topics:

WRITTEN EXAM NR. 3 - PROF. SONGINI

Readings:


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