Facoltà di Economia

Learning Objectives

Prerequisites

Program

Books

Bibliography

Teaching methods

Exam Rules

Aggiornato A.A. 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.

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

Analytical Syllabus of lectures:

Aggiornato A.A. 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

Aggiornato A.A. 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.

Aggiornato A.A. 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.