A95326 Planning and Control

This course aims to prepare students to effectively and efficiently manage the activities  that take place during the Planning and Mangerial Control Process. At the end of the course students will be able to:

* project and implement management accounting and related analytical methodologies for decision making and control in profit-oriented organizations

* manage product costing, budgetary control activities, and performance evaluation systems for planning, coordinating, and monitoring the performance of a business.

* determine principles of measurement and develops framework for assessing behavioral dimensions of control systems, impact of different managerial styles on motivation and performance in an organization.

Learning targets 

1. Become familiar with what accounting information is typically used within the firm.

2. Develop an understanding of how accounting information is used by managers in the decision making process.

3. Consider how accounting information can be used to motivate members of the firm or as a mechanism to control their behavior.

Topics

Introduction to Managerial Accounting and Managerial Control Systems

Costs and Revenues Behavior

Cost Allocation

Contribution Margin Analysis and Break-Even Analysis

Absorption Costs Systems

Standard Costs and Variance Analysis

Rensponsibility Accounting and Behavioral Accounting

ABC and Target Costing

Managerial Planning and Control Systems

Budgets and Budgeting

Performance Measurement and Reporting Systems

Balanced Scorecard Systems

The course is organized in the form of workshops with exercises, testimonials and case studies that complement the more traditional theory class and therefore requires the active participation of the student.

The student is asked to prepare in advance to the lesson also expanding sources in addition to educational materials using, therefore, readings identified through a personal research on  internet, in the library and reading through magazines.

The student is encouraged to participate actively in a project work in teams. This is a valuable opportunity to learn, in a participative and operating manner, some of the fundamental concepts of the course.

The student is required to regularly consult the website of the course in "my.liuc.it" in which are inserted in-depth materials, slides and all updates regarding the course itself.

The exam will be WRITTEN

Number of questions: Each test consists of 20 questions multiple choice.

Times and rules to be respected: Each test will have a total duration of 50 minutes. The time runs from the moment the Quiz starts. Participation will not be admitted to those who do not present themselves at the time indicated in the notice that will be sent to each student enrolled in the exam. The questions will be shown only once and after confirming the answer there will be no possibility to scroll back.

Types of questions and the corresponding Moodle tools to use. The exam procedure is in writing. The questions will be administered in ecorsi.liuc.it in Quiz mode with control via MS Teams, for which the activation of the microphone and webcam will be required for the duration of the exam. The multiple choice questions will be both theoretical and with practical application of the knowledge acquired.