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ACCOUNTING AND CONTROL IN SHIPPING COMPANIES

CODE 101141
ACADEMIC YEAR 2021/2022
CREDITS
  • 6 cfu during the 3nd year of 10948 MARITIME SCIENCE AND TECHNOLOGY(L-28) - GENOVA
  • SCIENTIFIC DISCIPLINARY SECTOR SECS-P/07
    LANGUAGE English
    TEACHING LOCATION
  • GENOVA
  • SEMESTER Annual
    TEACHING MATERIALS AULAWEB

    OVERVIEW

    Accounting and control is a core unit in the 3-year bachelor degree in “Maritime Science & Technology” which addresses the principles and logics underpinning financial statements analysis and cost accounting. Specifically, this course will provide students with a comprehensive introduction to the accounting foundations required to analyse and understand a company’s financial performance. In particular, the course will consider the financial and economic aspects of the business dynamic, financial statement analysis, financial budgeting, and cost accounting. Through the course, students will learn the ways in which financial information is prepared and used to improve the quality of business decision-making. This course is specifically designed for students with little or no prior knowledge of accounting.

    AIMS AND CONTENT

    LEARNING OUTCOMES

    The course will introduce the student on Analytical accounting and cost analysis. The planning and control procedures for budgeting. The analysis logic of the deviations.

    AIMS AND LEARNING OUTCOMES

    Knowledge and comprehension

    The Accounting and control course aims at providing a solid basic knowledge of the principles and logics underpinning corporate financial disclosure and cost accounting. In particular, by the end of this course, students will acquire competence in the main issues of financial disclosure and cost accounting, such as:

    • interpret the balance sheet and the income statement;
    • understand costs' behaviour and product and service costing;
    • applying costing methods for planning and controlling;
    • prepare and interpret budgets for planning and control purposes.

    Critical judgment

    Students will be able to apply the acquired knowledge using their own judgment and critical reasoning, both theoretically and practically.

     Learning capability

    Students will develop appropriate learning capabilities that will support their independent learning of other issues in business administration, accounting and management, especially in their future job positions.

     

    TEACHING METHODS

    The course entails:

    • lectures aiming at providing an overview of financial communication and cost accounting theory and practice
    • tutorials to apply specific knowledge in practice
    • presentation and discussion of project work

    SYLLABUS/CONTENT

    • introduction to the accounting foundations
    • financial statements analysis
    • budgeting for planning and control purposes
    • introduction to cost term and concepts
    • direct/indirect costs
    • assigning direct costs to cost objects
    • two-stage allocation process

    RECOMMENDED READING/BIBLIOGRAPHY

    TBD

    TEACHERS AND EXAM BOARD

    Exam Board

    COSTANZA DI FABIO (President)

    LORENZO SIMONI

    PAOLA RAMASSA (President Substitute)

    LESSONS

    Class schedule

    All class schedules are posted on the EasyAcademy portal.

    EXAMS

    EXAM DESCRIPTION

    TBD (e.g. The final exam is a written assignment that is identical for attending and non-attending studentsI)-