MANAGEMENT CONTROL

The course contributes to the educational objectives of the Master’s Degree Programme, which aims at providing students with economic and managerial knowledge with a specific focus on sustainability and long term value creation.
The course studies how management control systems can be used to effectively implement company strategy and the main performance measurement tools. Particular emphasis will be devoted to how these instruments can foster sustainability and long term value creation.

1 KNOWLEDGE AND UNDERSTANDING
- know how to build a profit plan;
- know the main financial performance measurement tools;
- know the main non-financial performance measurement tools;
- know the main characteristics and shortcomings of a management control system.
2 APPLYING KNOWLEDGE AND UNDERSTANDING
- identify the variables that should shape the profit planning process;
- know the strength and weaknesses of the performance measurement tools;
- know how to shape the application of the main non financial performance measurement frameworks;
- identify the main challenges and possible improvements of the management control systems.
3 MAKING JUDGEMENTS
- know how to frame hypotheses concerning management control systems efficacy.

To tackle the course, it is necessary to have already learnt the basic concepts of cost accounting.

1. Management control in the wider corporate governance context
2. Strategic planning and sustainability
3. ESG risk management
4. How to prepare a profit plan (profit wheel, cash wheel, ROE wheel)
5. MBO from a sustainability perspective: the role of ESG KPIs
6. Linking performance to market (Economic Value Added and Transfer Pricing).
7. Building on a balanced scorecard
8. Big data analytics and management control

Robert Simons, Sistemi di controllo e misure di performance, Egea, 2004 (capitoli 5,6,8,9,10)
Chiara Mio, Programmazione e controllo delle Vendite. Una prospettiva di sostenibilità, Egea, 2013; capitolo 1 e 4
Other readings available on Moodle

Verification of learning takes place through a written test and an oral test. The written test consists of exercises with the aim of ascertaining knowledge of the basic technical notions covered in the course. During the written test, the use of books, notes or electronic media is not permitted. During the oral test the student must demonstrate that he knows the topics covered during the course and knows how to present them in a formal way.
The methods envisaged for assessing the knowledge and skills acquired are:
a) a written exam, lasting 30 minutes, consisting of 3 open ended questions and 1 exercise. In this first phase, the expected learning outcomes related to the categories "knowledge and understanding" and "ability to apply knowledge and understanding" will be assessed. The outcome of the exam will be suitable or not suitable for taking the oral exam;
b) an oral exam, during which the student's knowledge will be assessed with particular reference to the expected learning outcomes attributable to the categories "ability to apply knowledge and understanding" and "ability to judge". The maximum achievable grade is 30/30.
As regards the gradation of the grade (how the grades will be assigned), regardless of the attending or non-attending mode:
A. scores in the 18-22 range will be awarded in the presence of:
- sufficient knowledge and ability to understand applied in relation to the programme;
- sufficient ability to apply knowledge and understanding and judgment;
- sufficient communication skills, especially in relation to the use of specific language relating to the subject;
B. scores in the 23-26 range will be awarded in the presence of:
- good knowledge and ability to understand applied in relation to the programme;
- good ability to apply knowledge and understanding and judgement;
- good communication skills, especially in relation to the use of specific language relating to the subject;
C. scores in the 27-30 range will be awarded in the presence of:
- excellent knowledge and ability to understand applied in relation to the programme;
- excellent ability to apply knowledge and understanding and judgment;
- excellent communication skills, especially in relation to the use of specific language relating to the subject.

The course includes lectures, guest speakers and group works.

Italian

Accessibility, Disability and Inclusion
Accommodation and support services for students with disabilities and students with specific learning impairments

Ca’ Foscari abides by Italian Law (Law 17/1999; Law 170/2010) regarding support
services and accommodation available to students with disabilities. This includes students with
mobility, visual, hearing and other disabilities (Law 17/1999), and specific learning impairments (Law 170/2010). If you have a disability or impairment that requires accommodations (i.e., alternate testing, readers, note takers or interpreters) please contact the Disability and Accessibility Offices in Student Services: disabilita@unive.it.

written and oral