INTERNATIONAL ACCOUNTING
cod. 1007205

Academic year 2017/18
1° year of course - First semester
Professor
Stefano AZZALI
Academic discipline
Economia aziendale (SECS-P/07)
Field
Aziendale
Type of training activity
Characterising
63 hours
of face-to-face activities
9 credits
hub: PARMA
course unit
in ITALIAN

Learning objectives

At the end of the course students are expected to:
a) know and understand the International Financial Reporting Standard (IFRS) and the regulation for the preparation of consolidated financial statement.
b) develop skills to use the competencies related to IFRS and to consolidated financial statement.
c) develop autonomy of evaluation about the best choices related to the use of IFRS and the preparation of consolidated financial statements.
d) develop communications skills for the publication of fair and transparent information coming from the use of IFRS and the preparation of consolidated financial statements.
e) develop further skills about IFRS and consolidated financial statements useful for profession.

Prerequisites

Knowledge of Accounting system and double enter bookiping.

Course unit content

Contents are related to Consolidated Financial Statement and International Financial Reporting Standards (IFRS). Contents about the consolidated financial statement include the regulation provided by the standards in the definition of consolidation area, techniques for the homogeneization of accounting system, methods of consolidadion, intercompany operations, consolidated balance sheet and income statement. About IFRS, contents are related to theards (IAS), International FInancial Reporting Standards (IFRS), Standing Interpretation Committee (SIC) e International Financial Reporting Interpretation Committee (IFRIC) adopted in countries of European Union.

Full programme

Extended contents is organized on two wide topics: consolidated financial statement and IFRS.
Extended contents about the consolidated financial statement include:
- regulation
- consolidation area
- omogeneity of accounting system
- method of consolidation
- elimination of investment and minority interests
- elimination of values related to intra-groups transactions
- consolidated accounting schemes
- investment evaluated at equity method
Contents on IS/IFRS include the purpose, basic assumptions and accounting schemes and measurement criteria related to assets, liabilities, revenue and expenses.

Bibliography

Fornaciari Luca, Gruppi Aziendali e bilancio consolidato in Italia, Giappichelli, Torino, 2017.

Documents available on internet site of the course

Teaching methods

Teaching activities use in an integrated and complementary ways active methodologies (exercises, case study, seminars) and traditional lessons.

Assessment methods and criteria

Exam is based on written test that include questions and exercise about the IFRS and the consolidated financial statements. Questions and exercise have the same weigth on the final result of the exam.
Questions aim to verify the knowledge about the regulations related to consolidated financial statement and IFRS.
Exercises aim to verify the capacity to use the skills and competencies on consolidated financial statement and IFRS.

Other information

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2030 agenda goals for sustainable development

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