Learning objectives
At the end of the course, students are expected to: a) know and to be able to understand the national regulation for Financial reporting. Specifically, students are expected to understand the objective and the structure of the financial reporting, the measurement criteria for the recognition ofequity, earnings and their analytical components. b) to be able to use the skills and competencies; specifically, students are expected to to able to use the accounting standard for the preparation of financial statements. In other words, students are expected to be able to determine and analyse financial reporting of companies of manufacturing and non financial services industry. c) develop autonomy of judgements in the choices related to the measurement of individual elements included in the financial statements (assets, liabilities, revenues, expenses). d) develop communication skills for managing the internal relations (e.g. among the Chief Financial Officer, internal auditors ) and the external relations (e.g. investors, creditors, external auditors, control authorities). e) develop further learning skills to continue the understanding the financial statement and improve their professional position. .
Prerequisites
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Course unit content
The contents of the course are focused on the discipline of the financial statements required by the Italian Civil Code and the accounting principles of OIC. Specifically, they include the following topics: 1. Regulation of the financial reporting 2. The objective of financial reporting 3. The documents of the financial statements 4.Notes and Management Report 5. Tangible and intangible assets 6. Investments 7. Inventories 8. Bonds 9. Receivables, debt and provision 10. Income taxes 11. Derivate Financial Instruments
Full programme
National accounting principles for financial reporting that include these topics:
1. International harmonization of financial reporting
2. The objective of financial reporting
3. The documents of the financial statements
4. Tangible and intangible assets
5. Financial instruments
6. Inventories
7. Receivables, debt and provision
8. Income taxes
Bibliography
Azzali S. (a cura di), Financial Reporting and Accounting Standard, Giappichelli, Torino, 2017
Teaching methods
Acquisition of knowledge: lectures
Acquisition of the ability to apply the analysis methodologies: exercises
Acquisition of the autonomy of judgment: exercises
Acquisition of learning skills: lectures and seminars will present problematic situations and stimulate the focus on critical issues and propose appropriate solutions.
Acquisition of technical language: during teaching the meaning of the terms commonly used in accounting will be illustrated.
The slides used to support the lessons are uploaded weekly on the Elly platform; any additional materials, especially related to the exercises, are uploaded weekly. To download the slides it is necessary to register for the online course. The use and study of the reference text is fundamental for the effective preparation of the exam; the slides are used only as a didactic support and do not replace the textbook under any circumstances.
Assessment methods and criteria
Written test.
The verification of learning is carried out with a written test with n. 2 questions and n. 2 specific exercises on how to prepare financial statements.
Questions and exercises have the same weight on the final evaluation (8 points for each question and exercise).
The evaluation scale is 0-30; the student who achieves the highest evaluation in each part also achieves praise. The questions aim to measure the level of knowledge acquired, the ability to communicate, the adequacy in the use of technical language and the autonomy of judgment; the exercises aim to measure the application skills of knowledge. During the test the use of a calculator is allowed.
A final exam is scheduled at the end of the course, whose procedures are described on time in Elly on the course page and which can be accessed by all students (both attending and non attending students of any year of the course).
Other information
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