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Managerial Accounting

Massimo Aielli Simon Jonghwan Kim


Course 3000730364

Introductory notes

Managerial Accounting - Bocconi University 2015-16

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Course objectives

This course covers the techniques for interpreting


and analyzing financial and accounting data for
management control.
It is aimed to present the methodologies to
examine financial information
information,, perform cost
cost-volume
volume--profit analysis
analysis,, profit planning
planning,,
budgeting
budgeting,, and control overhead costs
costs..
It provides a basic understanding of accounting
information needed by management in the
control of operations
operations..
Managerial Accounting - Bocconi University 2015-16

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Main course contents

Managerial Accounting - Bocconi University 2015-16

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Detailed program
Ss
1

Topic

Materials

Introduction
Course objectives
Course outline/class format
Grading
The role of managerial accounting in the business organizations
Cost volume and profit analysis

Cost volume and profit analysis in a multiproduct scenario

Cost management systems: traditional costing systems

Cost management systems: activity-based costing systems

Cost management systems: activity-based costing (follows)

Relevant information and decision making: Marketing Decisions

Relevant information and decision making: Marketing Decisions (follows)

9
10

Relevant information and decision making: Production Decisions


Relevant information and decision making: Production Decisions (follows)

11

The master budget: purposes and preparation

12

The master budget (follows)

Chapter 1 (20-27)*
Chapter 1 (30-32)

Ref.
HSBS**

Chapter 2 (all + appendix 2A and 2B)


Exercise***
Chapter 2 (all + appendix 2A and 2B) and
Chapter 3 (104-110 and 115-118)
Exercise
Chapter 4 (all + appendix 4)
Exercise
Chapter 4 (all + appendix 4)
Exercise
Chapter 4 (all + appendix 4)
Exercise
Chapter 5 (198-218)

HSBS

Chapter 5
Exercise
Chapter 6
Chapter 6
Exercise
Chapter 7

(198-218)

HSBS

(all)
(all)

HSBS
HSBS

(288-307)

HSBS

Chapter 7 (288-307)
Exercise

HSBS

HSBS
HSBS
HSBS
HSBS
HSBS

First intermediate test

Managerial Accounting - Bocconi University 2015-16

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Detailed program
Ss

Topic

Materials

13

Flexible budgets and the variance analysis

14

Flexible budgets and the variance analysis (follows)

Chapter 8 (all)

Ref.
HSBS
HSBS

20

Chapter 8 (all)
Exercise
Management control systems and responsibility accounting: the segmented Chapter 9 (370-383)
income statement
The segmented income statement
Chapter 9 (370-383)
Exercise
Management control in decentralized organizations: ROI, EP/RI, EVA and Chapter 10 (all)
transfer pricing
Exercise
Cost Allocation: allocation of service department costs
Chapter 12 (498-516)
Exercise
Cost Allocation: allocation of joint costs and by-product costs
Chapter 12 (525-527)
Exercise
Accounting for overhead costs
Chapter 13 (all)

21

Accounting for overhead costs (follows)

HSBS

22

Job-costing systems

23

Process costing systems: physical units and equivalent units

Chapter 13 (all)
Exercise
Chapter 14 (594-604)
Exercise
Chapter 14 (604-612)

24

Process costing systems: weighted average method


Summary and conclusions

Chapter 14 (612-615)
Exercise

HSBS

15
16
17
18
19

HSBS
HSBS
HSBS
HSBS
HSBS
HSBS

HSBS
HSBS

Second Intermediate test

Pages that you have to study (up to the beginning of the new section in the last page indicated). Appendixes are excluded unless
explicitly required.
** Horngren, Sundem, Burgstahler, Schatzberg, Introduction to Management Accounting, Sixteenth Edition, Pearson Prentice Hall,
2014 (chapters 1-14 version or chapters 1-17 version) (HSSBS in the table).
*** Selected exercises of the textbook.
Managerial Accounting - Bocconi University 2015-16
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Course material
Required textbook:
Horngren, Sundem, Burgstahler, Schatzberg, Introduction
to Management Accounting, Sixteenth Edition, Pearson
Prentice Hall, 2014 (chapters 1-14 version or chapters 1-17
version)

The course materials (slides, solutions, mock exams,


etc.) are available on the e-learning at Bocconi:
https://idp.unibocconi.it/idp/Authn/UserPassword

Managerial Accounting - Bocconi University 2015-16

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Evaluations and grading


The exams and the evaluations will be class specifics. This means that in each
class different exams and optional assignments will be distributed, with the
same level of complexity. So it's highly advised against attending in different
class to that of belonging.
For all classes two different exam formats are available (according to the
students choice):
Format one
Two mid-term written tests (suggested for attending students).
Format two
A final written exam (for non-attending students).
Check the proper set of slides on evaluations and grading details.
Managerial Accounting - Bocconi University 2015-16

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Teaching staff

Room number
Massimo
Aielli
Simon
Jonghwan
Kim
Secretary of
Accounting
Department

Building:
Roentgen street
th
Floor 5
Room A3 09
Building:
Roentgen street
Floor 5th
Room A3 06
Building:
Roentgen street
Floor 5th
Room C3 08

Consulting
hours

Telephone

e-mail

By
appointment

02 5836-3629

massimo.aielli@sdabocconi.it

By
appointment

02 5836-5049

jonghwan.kim@unibocconi.it

02 5836-3629

ivana.tagliabue@unibocconi.it

Managerial Accounting - Bocconi University 2015-16

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