EXECUTIVE PROGRAMMING AND CONTROL SYSTEMS
Learning outcomes of the course unit
The overall course objective is to provide an insight into current, both theoretical and practical developments within the field of Planning and Control Systems, emphasizing Management Decision-making processes. Major theoretical foundations of the Management Accounting Discipline including the economics (agency), psychology (behaviourism) and organisational (contingency) approaches are introduced.
The course gives a deeper insight of Bayesian approach to Budgetary Planning and Control. Budget is stressed as a decision-making tool, crucial when the Entity environment is risky, uncertain, chaotic and subject to information asymmetry.
The Accounting Information System is examined in-depth and the valuation metric (costs and revenues) of stakeholders behaviour is addressed.
Budgetary Planning and Internal Auditing procedures are topics revisited in more details than in the course of Programmazione e controllo.
Budget and Decision Models are experimented through stochastic optimisation and simulation analytical Models and Softwares. A leading-edge treatment of innovative E. R. P. (Enterprise Resources Planning) system is given.
Course contents summary
Managerial Accounting and Economic Organisation: models and objectives.
Modelling Business Processes and Information Systems evaluation.
Planning and Budgeting environment.
Business Enterprise Decision-making under risk and uncertainty.
“Reddito psichico”, utility, and Management decision and Information Systems.
Information asymmetry: decision processes under moral hazard and adverse selection.
Decision-making with committed and Flexible resources.
Information Economics and Agency Theory: management incentives and control.
Management Control in Decentralised Organisations and Responsibility Accounting.
Performance measurements – a comprehensive view –, Management Incentives and Compensation Systems.
Business Enterprise Optimisation and Simulation Software.
A. CILLONI, Economia dell’informazione e sistemi contabili aziendali, A. Giuffré, Milano, 2004.
L. SELLERI, Il budget d'esercizio. Strumento di programmazione, controllo e motivazione, ETAS, Milano, 1997.
Dispense del docente.
Further suggested readings
S. BARALDI, C. DE VECCHI (a cura di), I sistemi di pianificazione, programmazione e controllo, vol. II, Giappichelli, Torino, 1995.
M. BERGAMIN BARBATO, Programmazione e controllo in un’ottica strategica, UTET, Torino, 1997. Capp. I, II-11, II-12, III, IV.
G. GALASSI, Misurazioni differenziali, misurazioni globali e decisioni d’azienda, Giuffrè, Milano, 1983.
S. TERZANI, Lineamenti di pianificazione e controllo, CEDAM, Padova, 1999.