OVERVIEW

Management Control is a core unit in the 2-year master degree (MSc) which addresses the principles and logics underpinning the use of accounting information for internal planning and control purposes.

AIMS AND CONTENT

LEARNING OUTCOMES

The Management Control course aims to examine the use of accounting information for internal planning and control purposes. The course explores the theoretical and methodological issues faced by managers to plan and control the business such as strategic planning, programming, and budgeting. Specific attention is devoted to the internal use of accounting information in the energy industry. Teaching methods involve case studies and exercises.

AIMS AND LEARNING OUTCOMES

Knowledge and comprehension

The Management control course aims at providing a solid knowledge of the principles and logics underpinning the use of accounting information to support management decisions. In particular, by the end of this course, students will acquire competence in the main issues of management accounting, such as:

• identify relevant information for decision making purposes to produce financial analyses for a range of decisions;
• apply costing methods for planning, controlling and decision making processes;
• describe the main managerial problems associated with construction contracts;
• measure and control the impact of business activities along both financial and non-financial dimensions of performance;
• 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 and business cases;
• Tutorials to apply specific knowledge in practice;
• Presentation and discussion of project work.

During the course, students may be supported by digital apps that allow for self-assessment.

SYLLABUS/CONTENT

Syllabus/Content

• Reporting of accounting information for internal purposes
• Cost definition and cost classification
• Cost allocation, also for companies involved in construction contracts
• Performance analysis
• KPI
• Tools for internal control of business processes
• Budgeting for planning and control purposes

RECOMMENDED READING/BIBLIOGRAPHY

Teaching materials will be provided during the course and uploaded on its Aulaweb website.

TEACHERS AND EXAM BOARD

Exam Board

ELISA RONCAGLIOLO (President)

FRANCESCO GIOVANNI AVALLONE

COSTANZA DI FABIO

PAOLA RAMASSA

LESSONS

LESSONS START

Lessons start in the second semester.

EXAMS

EXAM DESCRIPTION

The course exam entails two parts:

• The discussion of the project work;
• An oral assessment regarding the theoretical content of the course.

There are no differences in the final exam of attending and non-attending students.
 

ASSESSMENT METHODS

The final exam aims at verifying the understanding of the key theoretical concepts and at testing the ability to solve business problems related to management accounting issues.

Exam schedule