COST ANALYSIS FOR BUSINESS DECISIONS
Syllabus
Prerequisiti
Prerequisites
Programma
II) Fondamenti di contabilità dei costi: • Distinzione tra costi diretti e indiretti; • attribuzione dei costi e allocazione dei costi; • Classificazione e tassonomia dei costi.
III) Analisi Costo-Volume-Profitto (CVP): • Distinguere tra costi fissi, misti e variabili; • Calcolo del punto di pareggio • Preparazione report di redditività mediante configurazione di costo pieno e variabile.
IV) Allocazione dei costi: • Identificare i driver di costo per le attività di
produzione e di servizio; • gestione contabile delle spese generali; • Allocazione dei costi generali ai prodotti finali e ai servizi.
V) Decisioni di capital budgeting: • Concetti di base; • Il valore attuale netto e il tasso di rendimento interno; • Altri approcci alle decisioni di capital budgeting.
vv
Program
II) Fundamentals of Cost Accounting: • Differentiate between direct and indirect costs; • Cost attribution and cost allocation; • Identify key components and terminology.
III) Cost-Volume-Profit (CVP): • Distinguish among fixed, mixed, and variable costs; • Calculate a break-even point ; • Prepare income statements using both variable and absorption costing.
IV) Cost Allocation: • Identify cost drivers for manufacturing and service activities; • Calculate overhead rates using cost drivers; • Compute allocation of overhead costs to cost pools, end products, and services.
V) Capital Budgeting Decisions: • Basic concepts; • The Net Present Value and the Internal Rate of Return; • Other approaches to capital budgeting decisions.
Testi Adottati
ISBN: 9781308978611
Books
ISBN: 9781308978611
Bibliografia
- Brealey, R. A., Myers, S. C., Allen, F., & Mohanty, P. (2012). Principles of corporate finance. Tata McGraw-Hill Education.
Bibliography
- Brealey, R. A., Myers, S. C., Allen, F., & Mohanty, P. (2012). Principles of corporate finance. Tata McGraw-Hill Education.
Modalità di svolgimento
Teaching methods
Regolamento Esame
1) una prova scritta riguardante l'intero programma del corso; riguarda sia domande teoriche che esercizi di applicazione pratica. voto minimo richiesto per ottenere accesso all’orale: 18/30.
2) un esame orale in cui si discute lo scritto e si approfondiscono alcuni argomenti teorico-pratici.
Exam Rules
1) a written exam covering the entire course's material; it concerns with both theoretical questions and practical application. Minimum qualifying grade required to get credit: 18/30.
2) an oral exam covering the discussion of written one and in-depth analysis of both theorethical and practical topics.
Modalità di frequenza
Frequenza consigliata
Attendance Rules
Attendance is recommanded
Obiettivi Formativi
OBIETTIVI del CORSO:
1) Capacità di apprendimento: - Comprensione del comportamento dei costi e della terminologia correlata - Introduzione alla rilevanza del "costo" nelle decisioni aziendali - Definizione di alcune competenze per la gestione dei costi - Introduzione del concetto di controllo manageriale finalizzato alla pianificazione aziendale. 2) Applicazione della conoscenza e comprensione: - Identificazione dei costi diretti e indiretti - Calcolo del punto di pareggio - Comprendere gli elementi pertinenti nel calcolo dei costi - Identificazione degli investimenti in cc capitale - Funzionalità principali del budget. 3) Esecuzione di giudizi: - Comprensione dei rapporti interni aziendali – Analisi di redditività e profittabilità – Comprensione della capacità informativa delle diverse configurazioni di costo; 4) Abilità comunicative: - Discussione di casi studio ed esercizi utilizzando la terminologia appropriata – Redazione di report di contabilità dei costi volti a informare la gestione aziendale
Learning Objectives
AIMS of the COURSE:
1) Learning Skills:- Understanding of cost behaviour and related terminology- Introduction to significance of “cost” in business decisions- Definition some skills for cost management- Introduction of the concept of Managerial Control aimed at Business Planning
2) Applying Knowledge and Understanding:- Identification of direct & indirect cost- Calculate the break-even point- Understand those relevant items in cost computation- Identification of Capital Budget main features
3) Making Judgements:- Comprehension of business internal reports- Definition the profitability - Comprehension of both Variable Cost and Full Cost Reporting
4) Communication Skills:- Discussion of cases study and exercises by using the appropriate terminology- Providing Cost Accounting Reports aimed at inform business management
- Discussion of cases study and exercises by using the appropriate terminology
- Providing Cost Accounting Reports aimed at inform business manageme
Prerequisiti
Prerequisites
Programma
II) Fondamenti di contabilità dei costi: • Distinzione tra costi diretti e indiretti; • attribuzione dei costi e allocazione dei costi; • Classificazione e tassonomia dei costi.
III) Analisi Costo-Volume-Profitto (CVP): • Distinguere tra costi fissi, misti e variabili; • Calcolo del punto di pareggio • Preparazione report di redditività mediante configurazione di costo pieno e variabile.
IV) Allocazione dei costi: • Identificare i driver di costo per le attività di
produzione e di servizio; • gestione contabile delle spese generali; • Allocazione dei costi generali ai prodotti finali e ai servizi.
V) Decisioni di capital budgeting: • Concetti di base; • Il valore attuale netto e il tasso di rendimento interno; • Altri approcci alle decisioni di capital budgeting.
Program
II) Fundamentals of Cost Accounting: • Differentiate between direct and indirect costs; • Cost attribution and cost allocation; • Identify key components and terminology.
III) Cost-Volume-Profit (CVP): • Distinguish among fixed, mixed, and variable costs; • Calculate a break-even point ; • Prepare income statements using both variable and absorption costing.
IV) Cost Allocation: • Identify cost drivers for manufacturing and service activities; • Calculate overhead rates using cost drivers; • Compute allocation of overhead costs to cost pools, end products, and services. V) Capital Budgeting Decisions: • Basic concepts; • The Net Present Value and the Internal Rate of Return; • Other approaches to capital budgeting decisions.
Testi Adottati
ISBN: 9781308978611
Books
ISBN: 9781308978611
Bibliografia
- Brealey, R. A., Myers, S. C., Allen, F., & Mohanty, P. (2012). Principles of corporate finance. Tata McGraw-Hill Education.
Bibliography
- Brealey, R. A., Myers, S. C., Allen, F., & Mohanty, P. (2012). Principles of corporate finance. Tata McGraw-Hill Education.
Modalità di svolgimento
Teaching methods
Regolamento Esame
1) una prova scritta riguardante l'intero programma del corso; riguarda sia domande teoriche che esercizi di applicazione pratica. voto minimo richiesto per ottenere accesso all’orale: 18/30.
2) un esame orale in cui si discute lo scritto e si approfondiscono alcuni argomenti teorico-pratici.
Exam Rules
1) a written exam covering the entire course's material; it concerns with both theoretical questions and practical application. Minimum qualifying grade required to get credit: 18/30.
2) an oral exam covering the discussion of written one and in-depth analysis of both theorethical and practical topics.
Modalità di frequenza
Frequenza consigliata
Attendance Rules
Attendance is recommanded
Updated A.Y. 2022-2023
Updated A.Y. 2022-2023
TEACHING STAFF RESPONSIBLE FOR THE COURSE:
Dott. Gabriele PALOZZI, Ph.D.
Email: palozzi@economia.uniroma2.it
Office Hour: Wednesday 6 PM – 8 PM, or on-line, by appointment
COURSE DESCRIPTION:
The course introduces cost concepts and terminology, inventory control, capital asset selection, and performance measurement. Cost accounting provides key data to managers for planning and controlling, as well as data on costing products, services, and customers. By focusing on basic concepts, analyses, uses, and procedures, we recognize cost accounting as a managerial tool.
AIMS of the COURSE:
1) Learning Skills
- Understanding of cost behaviour and related terminology
- Introduction to significance of “cost” in business decisions
- Definition some skills for cost management
- Introduction of the concept of Managerial Control aimed at Business Planning
2) Applying Knowledge and Understanding
- Identification of direct and indirect cost
- Identification those costs have to be attributed and allocated
- Calculate the break-even point
- Understand those relevant items in cost computation
- Identification of Capital Budget main features
3) Making Judgements
- Comprehension of business internal reports
- Definition the profitability of a particular business segment
- Comprehension of both Variable Cost and Full Cost Reporting
4) Communication Skills
- Discussion of cases study and exercises by using the appropriate terminology
- Providing Cost Accounting Reports aimed at inform business management
TOPICS CONTENT:
I) Managerial vs Financial Accounting
• Concepts of cost & expenses
• Planning & Control Process
• Product Cost and Period Cost
• Examine and solve case studies
II) Fundamentals of Cost Accounting
• Differentiate between direct and indirect costs.
• Cost attribution and cost allocation
• Identify key components and terminology utilized within cost accounting.
• Examine and solve case studies
III) Cost-Volume-Profit (CVP)
• Distinguish among fixed, mixed, and variable costs.
• Calculate a break-even point using the elements of cost-volume-profit (CVP).
• Prepare income statements using both variable and absorption costing.
• Examine and solve case studies
IV) Cost Allocation
• Identify cost drivers for manufacturing and service activities.
• Calculate overhead rates using cost drivers.
• Compute allocation of overhead costs to cost pools, end products, and services.
• Examine and solve case studies
V) Capital Budgeting Decisions
• Capital Budgeting and Planning Investment: basic concepts
• The Net Present Value and the Internal Rate of Return
• Other approaches to capital budgeting decisions
• Examine and solve case studies
COURSE MATERIALS:
- BOOK TITLE: Managerial Accounting - Basics of Cost Analysis; McGraw-Hill Education - CREATE ISBN: 9781308978611
- Slides and research material provided by the lecturer
TEACHING METHODS:
The course will be a combination of lectures, problem-solving, case studies, and interactive class discussions.
CLASSES:
Classes are scheduled from April, 12, 2023 to May, 19, 2023. Classes are in person with the possibility to be followed remotely via Mictosoft Teams. if possible, presence is strongly suggested.
EXAM RULES
The final exam consists in two compulsory parts that usually are held on the same day:
1) a technical exam covering the entire course's material; it concerns with both theoretical questions and practical application. Minimum qualifying grade required to get credit: 18/30.
2) an oral exam.
Analytical Syllabus of lectures:
| week | date | time | Room | topic | link to text book | slides |
| 1 | 12/04/23 | 4 PM - 6 PM | S5 - Teams | Course Introduction, Managerial Accounting vs Financial Accounting | Chapter 1 | Section 1 |
| 13/04/23 | 11 AM - 1 PM | S5 - Teams | Managerial Accounting vs Financial Accounting + Planning & Control Process | Chapter 1 | Section 1 | |
| 14/04/23 | 11 AM - 1 PM | S5 - Teams | Practical Applications on Section 1 | Chapter 1 | Section 1 | |
| 2 | 19/04/23 | 4 PM - 6 PM | S5 - Teams | Cost Behaviour & Operating Leverage | Chapter 2 | Section 2 |
| 20/04/23 | 11 AM - 1 PM | S5 - Teams | Operating Leverage & Profitability Analysis | Chapter 2 | Section 2 | |
| 21/04/23 | 11 AM - 1 PM | S5 - Teams | Practical Applications on Section 2 | Chapter 2 | Section 2 | |
| 3 | 26/04/23 | 4 PM - 6 PM | S5 - Teams | Cost, Volume, Profit Analysis, Pricing | Chapter 3 | Section 3 |
| 27/04/23 | 11 AM - 1 PM | S5 - Teams | Cost, Volume, Profit Analysis, Pricing | Chapter 3 | Section 3 | |
| 28/04/23 | 11 AM - 1 PM | S5 - Teams | Practical Applications on Section 3 | Chapter 3 | Section 3 | |
| 4 | 03/05/23 | 4 PM - 6 PM | S5 - Teams | Cost Accumulation, Tracing and Allocation | Chapter 4 | Section 4 |
| 04/05/23 | 11 AM - 1 PM | S5 - Teams | Cost Accumulation, Tracing and Allocation | Chapter 4 | Section 4 | |
| 05/05/23 | 11 AM - 1 PM | S5 - Teams | Allocating Service Center / Dept Cost | Chapter 4 | Section 4 | |
| 5 | 10/05/23 | 4 PM - 6 PM | S5 - Teams | Practical Applications on Section 4 | Chapter 4 | Section 4 |
| 11/05/23 | 11 AM - 1 PM | S5 - Teams | Practical Applications on Section 4 | Chapter 4 | Section 4 | |
| 12/05/23 | 11 AM - 1 PM | S5 - Teams | Capital Investment Decision, How calculate Present Values | Chapter 5/6 | Section 5 | |
| 6 | 17/05/23 | 4 PM - 6 PM | S5 - Teams | How calculate Present Values Case Study | Chapter 5/6 | Section 5 |
| 18/05/23 | 11 AM - 1 PM | S5 - Teams | Practical Applications on Section 5 | Chapter 5/6 | Section 5 | |
| 19/05/23 | 11 AM - 1 PM | S5 - Teams | TECHNICAL TEST | - | - |
Updated A.Y. 2021-2022
Updated A.Y. 2021-2022
TEACHING STAFF RESPONSIBLE FOR THE COURSE:
Dott. Gabriele PALOZZI, Ph.D.
Email: palozzi@economia.uniroma2.it
Office Hour: Thursday, Friday 1-2 PM
COURSE DESCRIPTION:
The course introduces cost concepts and terminology, inventory control, capital asset selection, and performance measurement. Cost accounting provides key data to managers for planning and controlling, as well as data on costing products, services, and customers. By focusing on basic concepts, analyses, uses, and procedures, we recognize cost accounting as a managerial tool.
AIMS of the COURSE:
1) Learning Skills
- Understanding of cost behaviour and related terminology
- Introduction to significance of “cost” in business decisions
- Definition some skills for cost management
- Introduction of the concept of Managerial Control aimed at Business Planning
2) Applying Knowledge and Understanding
- Identification of direct and indirect cost
- Identification those costs have to be attributed and allocated
- Calculate the break-even point
- Understand those relevant items in cost computation
- Identification of Capital Budget main features
3) Making Judgements
- Comprehension of business internal reports
- Definition the profitability of a particular business segment
- Comprehension of both Variable Cost and Full Cost Reporting
4) Communication Skills
- Discussion of cases study and exercises by using the appropriate terminology
- Providing Cost Accounting Reports aimed at inform business management
TOPICS CONTENT:
I) Managerial vs Financial Accounting
• Concepts of cost & expenses
• Planning & Control Process
• Product Cost and Period Cost
• Examine and solve case studies
II) Fundamentals of Cost Accounting
• Differentiate between direct and indirect costs.
• Cost attribution and cost allocation
• Identify key components and terminology utilized within cost accounting.
• Examine and solve case studies
III) Cost-Volume-Profit (CVP)
• Distinguish among fixed, mixed, and variable costs.
• Calculate a break-even point using the elements of cost-volume-profit (CVP).
• Prepare income statements using both variable and absorption costing.
• Examine and solve case studies
IV) Cost Allocation
• Identify cost drivers for manufacturing and service activities.
• Calculate overhead rates using cost drivers.
• Compute allocation of overhead costs to cost pools, end products, and services.
• Examine and solve case studies
V) Capital Budgeting Decisions
• Capital Budgeting and Planning Investment: basic concepts
• The Net Present Value and the Internal Rate of Return
• Other approaches to capital budgeting decisions
• Examine and solve case studies
COURSE MATERIALS:
- BOOK TITLE: Managerial Accounting - Basics of Cost Analysis; McGraw-Hill Education - CREATE ISBN: 9781308978611
- Slides and research material provided by the lecturer
TEACHING METHODS:
The course will be a combination of lectures, problem-solving, case studies, and interactive class discussions.
CLASSES:
Classes are scheduled from April, 14, 2022 to May, 20, 2022. Classes are in person with the possibility to be followed remotely via Mictosoft Teams. if possible, presence is strongly suggested.
EXAM RULES
The final exam consists in two compulsory parts that usually are held on the same day:
1) a technical exam covering the entire course's material; it concerns with both theoretical questions and practical application. Minimum qualifying grade required to get credit: 18/30.
2) an oral exam.
MICROSOFT TEAMS LINK
https://teams.microsoft.com/l/team/19%3ad07486acc30347f481d15f2f297bf6e7%40thread.tacv2/conversations?groupId=60a87919-5844-4ea0-8242-ae6c2ddd97f0&tenantId=24c5be2a-d764-40c5-9975-82d08ae47d0e
Updated A.Y. 2020-2021
Updated A.Y. 2020-2021
TEACHING STAFF RESPONSIBLE FOR THE COURSE:
Dott. Gabriele PALOZZI, Ph.D.
Email: palozzi@economia.uniroma2.it
Office Hour: Tuesday 4-6 PM
COURSE DESCRIPTION:
The course introduces cost concepts and terminology, inventory control, capital asset selection, and performance measurement. Cost accounting provides key data to managers for planning and controlling, as well as data on costing products, services, and customers. By focusing on basic concepts, analyses, uses, and procedures, we recognize cost accounting as a managerial tool.
AIMS of the COURSE:
1) Learning Skills
- Understanding of cost behaviour and related terminology
- Introduction to significance of “cost” in business decisions
- Definition some skills for cost management
- Introduction of the concept of Managerial Control aimed at Business Planning
2) Applying Knowledge and Understanding
- Identification of direct and indirect cost
- Identification those costs have to be attributed and allocated
- Calculate the break-even point
- Understand those relevant items in cost computation
- Identification of Capital Budget main features
3) Making Judgements
- Comprehension of business internal reports
- Definition the profitability of a particular business segment
- Comprehension of both Variable Cost and Full Cost Reporting
4) Communication Skills
- Discussion of cases study and exercises by using the appropriate terminology
- Providing Cost Accounting Reports aimed at inform business management
TOPICS CONTENT:
I) Managerial vs Financial Accounting
• Concepts of cost & expenses
• Planning & Control Process
• Product Cost and Period Cost
• Examine and solve case studies
II) Fundamentals of Cost Accounting
• Differentiate between direct and indirect costs.
• Cost attribution and cost allocation
• Identify key components and terminology utilized within cost accounting.
• Examine and solve case studies
III) Cost-Volume-Profit (CVP)
• Distinguish among fixed, mixed, and variable costs.
• Calculate a break-even point using the elements of cost-volume-profit (CVP).
• Prepare income statements using both variable and absorption costing.
• Examine and solve case studies
IV) Cost Allocation
• Identify cost drivers for manufacturing and service activities.
• Calculate overhead rates using cost drivers.
• Compute allocation of overhead costs to cost pools, end products, and services.
• Examine and solve case studies
V) Capital Budgeting Decisions
• Capital Budgeting and Planning Investment: basic concepts
• The Net Present Value and the Internal Rate of Return
• Other approaches to capital budgeting decisions
• Examine and solve case studies
COURSE MATERIALS:
- BOOK TITLE: Managerial Accounting - Basics of Cost Analysis; McGraw-Hill Education - CREATE ISBN: 9781308978611
- Slides and research material provided by the lecturer
TEACHING METHODS:
The course will be a combination of lectures, problem-solving, case studies, and interactive class discussions.
CLASSES:
Classes are scheduled from February, 22, 2021 to March, 31, 2021.
EXAM RULES
The final exam consists in two compulsory parts that usually are held on the same day:
1) a technical exam covering the entire course's material; it concerns with both theoretical questions and practical application. Minimum qualifying grade required to get credit: 18/30.
2) an oral exam.
Updated A.Y. 2019-2020
Updated A.Y. 2019-2020
TEACHING STAFF RESPONSIBLE FOR THE COURSE:
Dott. Gabriele PALOZZI, Ph.D.
Email: palozzi@economia.uniroma2.it
Office Hour: Tuesday 3-5 PM
COURSE DESCRIPTION:
The course introduces cost concepts and terminology, inventory control, capital asset selection, and performance measurement. Cost accounting provides key data to managers for planning and controlling, as well as data on costing products, services, and customers. By focusing on basic concepts, analyses, uses, and procedures, we recognize cost accounting as a managerial tool.
AIMS of the COURSE:
1) Learning Skills
- Understanding of cost behaviour and related terminology
- Introduction to significance of “cost” in business decisions
- Definition some skills for cost management
- Introduction of the concept of Managerial Control aimed at Business Planning
2) Applying Knowledge and Understanding
- Identification of direct and indirect cost
- Identification those costs have to be attributed and allocated
- Calculate the break-even point
- Understand those relevant items in cost computation
- Identification of Capital Budget main features
3) Making Judgements
- Comprehension of business internal reports
- Definition the profitability of a particular business segment
- Comprehension of both Variable Cost and Full Cost Reporting
4) Communication Skills
- Discussion of cases study and exercises by using the appropriate terminology
- Providing Cost Accounting Reports aimed at inform business management
TOPICS CONTENT:
I) Managerial vs Financial Accounting
• Concepts of cost & expenses
• Planning & Control Process
• Product Cost and Period Cost
• Examine and solve case studies
II) Fundamentals of Cost Accounting
• Differentiate between direct and indirect costs.
• Cost attribution and cost allocation
• Identify key components and terminology utilized within cost accounting.
• Examine and solve case studies
III) Cost-Volume-Profit (CVP)
• Distinguish among fixed, mixed, and variable costs.
• Calculate a break-even point using the elements of cost-volume-profit (CVP).
• Prepare income statements using both variable and absorption costing.
• Examine and solve case studies
IV) Cost Allocation
• Identify cost drivers for manufacturing and service activities.
• Calculate overhead rates using cost drivers.
• Compute allocation of overhead costs to cost pools, end products, and services.
• Examine and solve case studies
V) Capital Budgeting Decisions
• Capital Budgeting and Planning Investment: basic concepts
• The Net Present Value and the Internal Rate of Return
• Other approaches to capital budgeting decisions
• Examine and solve case studies
COURSE MATERIALS:
- BOOK TITLE: Managerial Accounting - Basics of Cost Analysis; McGraw-Hill Education - CREATE ISBN: 9781308978611
- Slides and research material provided by the lecturer
TEACHING METHODS:
The course will be a combination of lectures, problem-solving, case studies, and interactive class discussions.
CLASSES:
Classes are scheduled from February, 17, 2020 to March, 26, 2020.
EXAM RULES
The final exam consists in two compulsory parts that usually are held on the same day:
1) a written exam covering the entire course's material; it concerns with both theoretical questions and practical application. Minimum qualifying grade required to get credit: 18/30.
2) an oral exam.