Management Control

Academic Year 2023/2024 - Teacher: MARIASTELLA MESSINA

Expected Learning Outcomes

1. Knowledge and understanding

 The course deals with the management control techniques and methods, in particular the course wiil focus on economic and financial control applied to manufacturing companies which are characterized by the standard or subcontracted production. The main techniques which will be analyzed are the followed: the products/service cost measurement systems as tool to support firms decision making process; budgeting, cost - volume - results analysis and variance analysis, these tecniques allows the student to understand the management control principles and how to apply the concurrent control. The analysis of the main cost analysis methodologies allows the student to know the methods for determining partial results, relating to the different types of products / services, customers and other profitability areas.

 2. Applying knowledge and understanding

 The course aims to develop the student's aptitude for evaluating and analyzing the degree of efficiency of a company. In particular, the student must be able: a) to implement the most widespread cost accounting systems as management accouting tools which support the economic and financial control and the decision making processes; b) to apply the cost analysis - volumes - results techniques; c) to draw up the company budget and apply the variance analysis.

 3. Making judgements

 The course is aimed at developing critical and judgmental skills, with particular reference to the choice of the most suitable accounting information systems to support the control and decision-making problems that arise in the company practice.

 4. Communication skills

 The course aims to develop in the student’s communication skills required to a controller or a business consultant.

 5. Learning skills

 The course aims to develop the student’s ability to select and apply the management accounting techniques and methods, providing solutions to problems concerning the cost management.

Course Structure

The course will take place through lectures and exercises

Required Prerequisites

Not required

Attendance of Lessons

The attendence to the course is not mandatory but it is suggested.

Detailed Course Content

The teaching program is structured as follows: definition of management control, cost analysis, cost accounting and decision-making; budgeting and analysis of budget deviations.

Textbook Information

ARCARI A. M. (a cura di), Programmazione e controllo. McGraw-Hill Education. Quarta edizione, 2023 . Capp. 1-2-3-4.5-7-8-10-11. ISBN:9788838656361

Teaching materials provided by the Professor.

Learning Assessment

Learning Assessment Procedures

The exam includes a written test and an oral exam which can be accessed only after passing the written test. The final grade will depend on both the grade obtained in the written test and the outcome of the oral exam. There will be a written test at the end of the course. 

Examples of frequently asked questions and / or exercises

What is the cost accounting?

How do you can classify the costs?

Which are the characteristics of a cost center?

Which are the advantages of Activity based costing?

What is the contribution margin? 

which are the economic information that support the short-period decisions?

Can you describe the budgeting process?

how do you elaborate the master budget?