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ACCOUNTING AND CONTROL IN SHIPPING COMPANIES

CODE 101141
ACADEMIC YEAR 2021/2022
CREDITS 6 credits 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)-