BUSINESS ECONOMICS AND MANAGEMENT

This teaching activity aims to help students learn the tools used by companies for making economic-financial decisions. This coincides perfectly with the knowledge necessary for the professional opportunities of a graduate in economics and commerce, who will often find himself having to apply these methodologies to the concrete problems of private companies and public bodies;

At the end of this course students will be able to:
- define management accounting and determine its field of application
- calculate the cost of a product by applying different costing methodologies
- calculate contribution margins
- choose whether it is more convenient to use internal production or outsource it to third parties (Make or Buy)
- detect safety margins and production inefficiencies
- determine the optimal production mix in the case of limited production capacity
- list the benefits that corporate accounting can give to company management to make informed decisions on the life and strategy of the company

It is necessary to have acquired knowledge, skills and competences of the basic Business Economics course (ACCOUNTING AND BUSINESS ADMINISTRATION).

The course addresses the following topics, all closely interconnected.
- Cost information.
- The formation of costs and the role of income analyzes in economic measures.
- The reference model for cost analysis.
- The reference objects and objectives of the cost analysis.
- The calculation of the product cost. Methods of use of resources and classification of costs.
- Cost configurations and determination of direct and indirect costs.
- Traditional accounting systems and activity-based costing.
- The dual accounting system.
- The relevant costs in decision-making processes.
- Decisions to use production capacity.
- Cost-volume-results analysis and operating leverage.
- The budget system and budget processing.
- Analysis of product/service deviations.
- The reporting system.
- Other cost analysis techniques that can be used in just-in-time and market-oriented companies.

Management Accounting, 6e
6th Edition
0077185536 · 9780077185534
By Will Seal, Carsten Rohde, Ray H. Garrison, Eric Noreen
© 2020 | Published: October 11, 2018

The exam consists of a written test, composed by 2 exercises (5 points each) and 10 multiple choice questions (4 alternatives; 0 points for wrong or not given answer; 2 points for the right answer). Laude is given if you answer correctly to an additional question. Time: about 30 minutes

Lectures and classroom exercises

English

written