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 of
equity, 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
no
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.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
Bibliography
Azzali S. (a cura di), Financial Reporting and Accounting Standard,
Giappichelli, Torino, 2021
Gabrielli G, Todaro D.L. (a cura di), Eserciziario di Financial Reporting and Accounting Standards, Giappichelli, 2021, ebook
Teaching methods
Acquisition of knowledge: mixed method, with streaming lessons, video-recorded lessons and face-to-face lessons
Acquisition of capability in applying knowledge: exercitations
Acquisition of autonomy in judgment: exercitations
Acquisition of learning skills: lectures developed in mixed method and seminars will present problematic situations and stimulate the focus on critical issues and propose appropriate solutions.
Acquisition of technical language: during the course will be illustrated the main accounting words
The slides used to support of the lessons are loaded weekly on Elly; the same for integrative documents, in particular related to the exercises. To unload the slides the registration is necessary to the course on line. For a good preparation of the examination it is fundamental the use and the study of the text of reference; the slides are used only as a support for the lessons and they don't replace the text.
Assessment methods and criteria
The exam method will be different depending on the possibility of doing it in streaming (online) or face-to-face at the Economics and Management Department.
The use of streaming (online) or face-to-face method will be communicated to students in advance, and it will depend also on the legislative context in force.
COVID PERIOD - EXAM METHOD
(STREAMING ONLINE EXAM)
Written exam (test delivered through the Elly platform) with subsequent oral exam to confirm the grade obtained in the written exam.
Verification of learning is carried out with a written test of 25 minutes with 8 questions and 8 multiple choice exercises:
- 8 questions related to theoretical aspects of the program; each question has three possible answers;
- 8 exercises related to practical aspects; each exercise has three possible answers.
Questions and exercises have the same weight on the final evaluation.
The 8 questions assign 2 points each in case of correct answer, 1 point in case of partially correct answer and 0 points in case of wrong answer, for a maximum total of 16 points
The 8 exercises assign 2 points each for each correct answer, 0 points in case of wrong or missing answer, for a maximum total of 16 points.
The rating scale is 0-32; the student who reaches the evaluation of 31 and 32 achieves the evaluation of 30 and “lode”.
An oral test will be held on the same day as the written test and, if necessary, in the following days.
POST COVID PERIOD - EXAM METHOD
(FACE-TO-FACE EXAM AT THE ECONOMICS AND MANAGEMENT DEPARTMENT)
Written exam in classroom.
Verification of learning is carried out with a written test of 25 minutes with 8 questions and 8 multiple choice exercises:
- 8 questions related to theoretical aspects of the program; each question has three possible answers;
- 8 exercises related to practical aspects; each exercise has three possible answers.
Questions and exercises have the same weight on the final evaluation.
The 8 questions assign 2 points each in case of correct answer, 1 point in case of partially correct answer and 0 points in case of wrong answer, for a maximum total of 16 points
The 8 exercises assign 2 points each for each correct answer, 0 points in case of wrong or missing answer, for a maximum total of 16 points.
The rating scale is 0-32; the student who reaches the evaluation of 31 and 32 achieves the evaluation of 30 and “lode”.
The questions aim to measure the level of knowledge acquired, communication skills, adequacy in the use of technical language and autonomy of judgment.
The exercises aim to measure the applicative skills of knowledge.
The use of a calculator is allowed during the test.
The program for attending and non-attending students is the same.
The possibility of taking a final exam at the end of the cycle of lessons, before the ordinary session, may be evaluated.
The test results are published on the ESSE3 portal.
Other information
no
2030 agenda goals for sustainable development
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