20229 - COST MANAGEMENT SYSTEM
CLMG - M - IM - MM - AFC - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT - GIO
Course taught in English
Go to class group/s: 31
- Carrying out costing and quantitative techniques at an advanced level.
- Reviewing the literature that challenges the validity of traditional quantitative techniques.
- Applying and defending the appropriateness of techniques to the production and presentation of information for management decision making by the use of case studies.
The course deals with the conceptual leap from feedback to feedforward cost management, leading to effective programs for strategic cost management, and goes through the following issues:
- Cost and performance management systems: the different stage of cost systems, from financial reporting to the support, to strategic and operational decisions.
- Linking resource expenses to cost objects: two stage measurement process; direct and indirect cost assignment; role of nonfinancial measures and indicators for continuing improvement.
- Activity based costing in action: the reason for a different methodology, measure the costs of resource capacity; operational and strategic activity based costing in manufacturing companies.
- Strategic activity based management for customers and suppliers, and for product development.
- The emergence for integrated cost systems: challenge of system integration.
For regularly attending students, the final grade is determined as follows:
- Final exam (50%). Written open-book exam centered around the discussion of a case, made available via learning-space two days in advance the due date.
- Group assignment (30%). Assignments deal with cases analyzed during the course and highlighted in the analytical program. Throughout the course at least fifteen cases are examined and discussed; each group is required to submit at least 2 of them (the composition of each group and the match between groups and cases are stated during the first class). Each assignment is presented and discussed by group in plenary session. All members of the group receive the same grade on the case analysis; class discussion and presentation influence the valuation.
- Business Game (20%). Some session of the course are dedicated to a simulation that will be played by group of student (not necessarily the same group used for case discussion). The grade for each group – based on the final results obtained. All members of the groups will receive the same grade.
For non attending students:
Are considered "not regularly attending", the students that do not combine the three items described at the point above. For these students, the evaluation is based on a final written open-book exam centered around the discussion of a case made available via learning-space two days in advance the due date. In addition, in the same session will be requested a written discussion around a case discussed in the course (one or two short questions are submitted).
Students are provided (through COURSE RESERVE) with case studies and readings (relevant journal articles) for discussions. In other terms, class notes, slides and other materials produced during class (cases presentation) are posted on e-learning at the end of each session. Additional readings will be made available through the e-learning platform, in the website dedicated to the course.