Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
Belonging course: 
Course of Bachelor's Degree Programme on MANAGEMENT ENGINEERING
Disciplinary sector: 
Year of study: 
Second semester
Hours of front activity: 


Course description

Learning Goals
Providing the tools and the appropriate criteria for the comprehension and interpretation of cost management and investments analysis in the business system in order support the management control and the business strategy.

Learning Goals (according to the Dublin descriptors).

Knowledge and understanding
Knowledge about the key elements of the process of management control.
Extensive knowledge about main methods of cost determination and analysis
Knowledge about control systems and cost variance analysis
Knowledge about planning, budgeting and reporting processes.
Extensive knowledge about criteria and methodologies of investment analysis and assessment
Knowledge about the main models of assessment of organization performance

Applying knowledge and understanding
Capability to integrate the knowledge in companies and organizations
Capability to use models and tools for the analysis of costa and investments
Capability to apply methods and schemes to design a management control system

Making judgements
Capability to assess the potential and the impact of a management control in an organization
Capability to critically evaluate company data and results
Capability of decision making and support making decision process
Capability to assess the impact of alternative choice decisions

Communication skills
Interaction skills and communication in cross-functional working groups
Ability to illustrate specific problems in framing strategies of the organization
Ability to communicate effectively orally and through documentation

Learning skills
Capability to capture, process, outline, and synthesize data and information
Ability to learn from experience and from new events


Course of Business Economics

Students must be in possession of knowledge of the issues listed below
1.Economic and competitive environment
2.Business processes and funcions; Characteristic business cycle;
3.Concepts of Detection/collection, management, organization
4.The conditions of economic, financial, monetary, asset balance derived from the management
5.Assessment criteria of business management (efficiency, effectiveness, profitability) and related indicators.
6.Business organization; Responsibility centers
7.Concept of good/commodity/product/service/project; Production conditions and factors.
8.Operating and financial leverage; Break even analysis
9.Short and long term decisions. Competitive and functional strategies; SBU and BCG Matrix.
10.Balance sheet; Balance sheet analysis;
11.Profitability ratios; Economic and financial results.


1- Basics of cost analysis and direct costing. (1 cfu)
Management accounting and financial accounting. Cost classification. Basics of cost-volume relationships . Contribution margin and revenue-volume relationships. Break even and profit diagrams. Cm of multiproduct firm. Full costing. Life cycle costing and Target costing..

2- Costing systems and cost management (2 cfu)
Traditional costing systems. Direct cost analysis. Estimation of allocation coefficients. Systems of estimation of job and process costing. Allocation of indirect costs . Responsibility and cost centers. Innovative costing systems. Activity Based Costing (ABC). ABC development and applications

3 – Control systems and variances analysis (1,5 cfu)
Standard, variable and full costs systems. Quality costs and joint costs. Accuracy of cost estimate. Analysis of variance of production and non production costs. The different categories of cost variance. The system and the process of management control

4 - The process of planning, budgeting and reporting. (1,5 cfu)
Strategic planning. Development of budget. Operating budget, cash budget and investments budget. Reporting process. Short term decision: differential cost analysis and alternative choice decisions.

5 - Investment analysis, (2 cfu)
Short and long term decisions. Criteria and factors for the analysis and evaluation of investments.
Investment evaluation methods based on discounted cash flows: NPV, IRR. Other investment valuation methods: Pay back period (PBP), Accounting rate of return (ARR), discounted PBP. Economic value added (EVA)

6 - Performance measurement of the organization. (1 cfu)
Performance measurement and limits of economic results. Evaluation of organization performance. Tableau de bord, Balanced scorecard, Multistakeholder model. The design of a management accounting system.

Teaching Methods


Main Learning materials
-Learning materials available on-line
on the web-site.
-Anthony R.N., Hawkins D.F., Macrì D.M., Merchant K.A., 2008, Sistemi di controllo,

Other Learning Materials:
Miolo Vitali (a cura di), Corso di Economia Aziendale (vol. II), Giappichelli, Torino.
Azzone G., 2006, Sistemi di controllo di gestione, Etas.

Learning assessment

More information