Environmental accounting and management

A.A. 2020/2021
Crediti massimi
Ore totali
Obiettivi formativi
The objective of the course is to provide students with competence on designing and manging environmental strategies. The course is structured into three parts. In the first part students will learn how to design an environmental strategy. They will learn the difference between CSR and Shared Value Creation. They will learn how to analyse the environment as strategic component of the competitive context and specific competitive resources. Finally, they will learn how to design an environmental strategy to achieve a competitive advantage grounded on environmental issue. In the second part, the focus is on managerial issues. Therefore, students will learn how to green the value chain, design an environmental management system, and reporting environmental achievements. Finally, students, in the third part, will learn how to conduct and environmental assessment.
Risultati apprendimento attesi
The main goal of this course is to let students achieve knowledge and skills in respect of cost accounting and cost analysis, financial statements and finally the evaluation of financial performance. These can be summarized as follows:
- Understanding the cost analysis and cost accounting.
- Understanding the accounting methodology related to the processes of data classification, gathering and recording.
- Correctly valuating principal financial statement items.
- Evaluating and interpreting financial reports in order to determine the company's performance.
- Evaluating and interpreting financial performance using financial ratios and flows.
At the end of the course students are expected to know how:
1. Conduct an environmental based analysis of the competitive context,
2. Conduct an analysis of the environmental resources and competencies shaping the competitiveness of firms;
3. Design an environmental strategy and business model;
4. Finance green projects;
5. Designing a green marketing strategy;
6. Design an environmental management system;
7. Reporting environmental achievements;
8. Conduct a Life Cycle Assessment.
Programma e organizzazione didattica

Single session

Primo semestre
Teaching methods
Lessons will be held in presence (if possible), and they can also be attended both in a synchronous way on the Zoom (or on MS Teams) platform based on the timetable of the first semester and asynchronously because they will be recorded and left available to students on the Ariel website of the course.
The course will alternate different teaching techniques: lectures, seminars, case study analysis and tutoring of team work. Lessons may also include pre-recorded materials.

Programme and reference material
The course programme is unchanged. The content of the individual lessons could be modified according to the teaching methods described above. The reference materials are unchanged.

Learning assessment procedures and assessment criteria
The online written exams will be carried out using the exam.net platform, in the way illustrated on the University portal. The written test will have the same structure as the one illustrated on the Ariel website of the course.

The previous teaching modalities may undergo variations and modifications based on the needs of the teachers and the Covid situation. It will be the teachers' concern to promptly update the teaching and examination methods.
no prerequisites
Modalità di verifica dell’apprendimento e criteri di valutazione
The exam consists of a written test.
In the written test will be assigned some exercises with a combination of open and multiple-choice questions, aimed at verifying the ability to understand problems. The duration of the written test is commensurate with the number and structure of the assigned exercises, but in any case will not exceed two hours. There are a mid-term test and project works that replace the written test for the first exam session. The results of the written tests and the intermediate tests will be communicated on the SIFA through the UNIMIA portal and/or through the Ariel platform.
The first part discusses the fundamentals of cost analysis and cost accounting: (i) nature and purpose of cost accounting; (ii) cost classifications; (iii) cost-volume profit analysis; (iv) segment profit analysis. The second part presents the fundamentals of financial accounting: (i) nature and purpose of financial accounting; (ii) basics of financial accounting, with specific respect to transaction analysis and to the preparation, use and interpretation of general-purpose financial statements; (iii) basic accounting terminology; (iv) analysis and interpretation of financial performance.
Metodi didattici
The course will alternate different teaching techniques: lectures, seminars, case study analysis and tutoring of team work. Lessons may also include pre-recorded materials.
Materiale di riferimento
For attending students: Teaching and reading materials provided in class through lectures and case studies. For non-attending students: Teaching and reading materials provided in class through (available on the Ariel platform) and the reference book: Libby, Libby, and Hodge, Financial Accounting (10th edition), McGraw-Hill, Chapters: 1, 2, 3, 5, 12, 13.
Environmental management
The following arguments will be analysed and discussed:
1. Introduction and overview
2. Life-cycle perspective: circular economy
3. Role of environmental regulation
4. Consumer perceptions on sustainability
5. Greenwashing
6. Corporate Social Responsibility and stakeholder engagement
7. Environmental impacts of products and production cycles
8. Green Management
9. Life cycle assessment
10. Product Environmental Footprint methodology
11. Supply chain management
12. Eco-innovation
13. EMAS
14. Ecolabel
Metodi didattici
Lectures and case studies
Materiale di riferimento
Teaching and reading materials provided in class
Moduli o unità didattiche
Lezioni: 48 ore
Docente: Orsi Luigi

Environmental management
Esercitazioni: 16 ore
Lezioni: 40 ore

Su appuntamento
Ufficio del docente - Via Celoria 2
Su appuntamento (scrivere una mail andrea.ganzaroli@unimi.it)
Via Celoria 2 2nd Piano
Su appuntamento. Scrivere mail a luigi.orsi@unimi.it.
via celoria 2, primo edificio, primo piano, ufficio 19