PROGRAMMING AND CONTROL

Degree course: 
Corso di First cycle degree in ECONOMICS AND MANAGEMENT
Academyc year when starting the degree: 
2018/2019
Year: 
3
Academyc year when helding the course: 
2020/2021
Course type: 
Basic compulsory subjects
Language: 
Italian
Credits: 
6
Period: 
First Semester
Standard lectures hours: 
50
Detail of lecture’s hours: 
Lesson (40 hours), Exercise (10 hours)
Requirements: 

Accounting and Financial Statement knowledge

Final Examination: 
Orale

For attending students, the exam consists of an intermediate and a final test, or a single end of course test, to be taken exclusively in the first scheduled exam.
The exam is in writing and includes some exercises (65% of the overall assessment) and some theory questions (35% of the overall assessment). The former need to verify the ability to analyze and process data relating to exemplary business situations, while open questions tend to verify the study and understanding of concepts and definitions.
The time available varies from 45 '(intermediate test) to 90' (general test).
The maximum achievable mark is 30 cum laude.

Even for non-attending students, the exam is in written form and includes exercises and theory questions as specified above.

The entire teaching material constitutes the examination material, which will be indicated analytically in the information notes for the students. The information notes will be made available on the University's e-learning page of the course in question.

There are no additional oral tests.

Assessment: 
Voto Finale

The Programming and control course is offered to students with the aim of deepening and expanding the knowledge of accounting and extra-accounting instrumentation inherent in the economic measurement processes learned in the finacial statement courses, and to introduce to the logic of management control. In the first part, they will learn the methodologies for calculating production costs and the operating methods of analytical accounting. The second part will deal with the management control programming tools. These last aspects will be the subject of further study in the three-year degree (optional course) and in the specialist.

At the end of the course the student will be able to:
- calculate the production costs extra-accounting, at actual, normalized and standard values of various calculation objects (products, phases, departments, customers, etc ...)
- distinguish the different components of the production cost and proceed according to suitable methods to valorise the production cost calculation objects
- choose the method of sharing the costs most appropriate to the operating conditions in which the production is going
- correctly power the cost measurement system with full and direct costing configurations
- build the standard variable and full cost of product / department
- calculate and interpret the deviations between standard and actual values
- set up and apply the differential analysis to support short-term decision-making processes
- use a series of decision algorithms to appreciate the operational risk conditions

Contents and program are divided into two complementary parts:
PART A - The systems for measuring production costs at actual values (criteria for classifying costs and the various product cost configurations; traditional methods for calculating the full cost of the product in different production contexts)

PART B - preventive costs and the use of economic information to support economic governance processes (normalized and standard costs, decision types and operational decisions, differential analysis and algorithms for operational decisions)

PART A
- Accounting and extra-accounting methods for calculating production costs;
- The cost classification criteria and the different product cost configurations;
- Traditional methods of calculating the full cost of the product;
-The calculation of product costs in the different types of production processes: by order and by batches, by process, continuous flow, and joint processes;
PART B
- the normalized and standardized cost system
-The determination of the standard cost of department and product
-The analysis of variances by accounting and extra-accounting.
-Decision types: operational decisions and investment decisions
- Variable cost accounting and the configuration of the contribution margin
-Segment analysis
-Operational decisions and short-term decision algorithms
-Assessment of operational risk conditions
- Decisions in conditions of certainty
- Decisions in conditions of risk and uncertainty

The text adopted for the examination is as follows:
"Programming and control" by Anna Maria Arcari, McGraw Hill, Milan, ed. 2019 (also includes access to online materials on the htpp site: //www.ateneoline.it specially prepared by the authors, including exercises with solutions, self-assessment tests and glossary of technical terms).
(Alternatively: "The programming and control systems", edited by Baraldi S., Cifalinò A., Sacco P .; Giappichelli 2011).

The slides and any other teaching aids will be available to the student on the e-learning site.

Convenzionale

Frontal lessons, exercises, cases and simulations.
The priority didactic objective is to encourage, through lessons of theoretical framework, discussions of cases and practical exercises, the learning of methodologies and logics of planning and functioning of the systems for measuring costs and economic-financial programming to support the processes of Business Management.

The slides and any other teaching aids will be available to students on the site e-learning.

The teacher is available to receive students according to the schedule that will be published on the teacher's web page.