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

Working students and students with certified SLD (Specific Learning Disorders), disability or other special educational needs are advised to contact the teacher at the beginning of the course to agree on teaching and examination arrangements so to take into account individual learning patterns, while respecting the teaching objectives.

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