Learning objectives
In the first part of the course the focus is on basic concept regarding financial statement, and then on some specific issues, that are
considered critical and very relevant in issuing a financial statement. In
the second part, the aim i sto analyse the other documents that compose
the financial statement, like cash flow statement, notes to the financial
statement, management commentary, made also thanks to seminaries
with auditors and the reading of real financial statements. At the end of
the course, the students will be able to:
a) comprehend the contents of national accounting standars
b) issue and read financial statements with a critical point of view
c) to be autonomy in judging a financial statement and the related
disclosure
d) to speak with auditors, accountants and financial and accounting
directors in relation to financial statement critical aspects
e) to use several sources
Prerequisites
Course unit content
The course is composed by two Parts.
The first part of the course will cover the following topics:
Legislation and accounting standards for financial statement
Tables of the financial statement
The single voices of the inancial statement according to national
accounting standards. Particularly:
- tangible, intangibile, financial assets
- inventories
- current and deferred taxes
- loans, receivable and financial assets
Differences between OIC and IFRS
Analysis of some financial statements of real companies
The second part of the course deals with:
- specific matters relating to financial auditing
- relationship between auditing activity and internal control system
- risks in the auditing process
- financial statements auditing
- methods for ensuring and grading the reliability of economic and financial informations.
Full programme
Bibliography
I Modulo
1. PRINCIPI CONTABILI NAZIONALI DELL'ORGANISMO ITALIANO DI
CONTABILITA' (www.fondazioneoic.it). In particular OIC 9 OIC 10 OIC 11
OIC 12 OIC 15 OIC 16 OIC 17 (da fare solo la sezione sul Metodo del
Patrimonio netto) OIC 19 OIC 20 OIC 21 OIC 24 OIC 25 OIC 31
2. SLIDES on ELLY
II Modulo
2nd Part
A.M. FELLEGARA (a cura di), Manuale di revisione legale. Logiche e strumenti, G. Giappichelli Editore, Torino, 2020.
Consiglio Nazionale dei Dottori Commercialisti e Consiglio Nazionale dei Ragionieri, Principi di revisione, Giuffrè, Milano.
Papers and documents given by the Professor/s on “Elly” IT platform.
Teaching methods
Acquisition of knowledge: frontal lessons
Acquisition of capability in applying knowledge: exercitations
Acquisition of autonomy in judgment: during the course the students will
be stimulated to individuate critical aspects in financial statements
Acquisition of technical language: during the course will be illustrated the
main accounting words
Assessment methods and criteria
The assessment takes place with a written test consisting of two parts:
- The part on the financial statement, which will focus on the topics of the first part of the course, will weigh 60% of the overall evaluation.
The test on this first part will consist of: an exercise (weight 12 points) and two open questions (a broad question worth 12 points and a short question worth 6 points).
- The review part, which will focus on the topics of the second part of the course, will account for 40% of the overall assessment.
The test on this second part will consist of two theoretical questions.
The written test lasts an hour and a half. The written test is evaluated on a 0-30 scale. Honors will be awarded to those students particularly
deserving students who, in addition to having complied with the requirements necessary to obtain the full evaluation, in carrying out the test have overall demonstrated an appreciable systematic knowledge of the subject, an excellent ability to apply the acquired knowledge
to the specific problem in question, a significant independence of judgment, as well as particular care in the formal drafting of the paper.
In more detail, it should be noted that the ability to apply knowledge will be assessed with 1 exercise relating to the application part.
The use of a calculator is allowed to carry out the exercise in the classroom.
Judgment independence and learning ability will be assessed with open questions, in which the student must demonstrate synthesis skills combined with critical in-depth analysis skills.
The ability to communicate with appropriate technical language will be assessed through open questions, in which particular attention is
also aimed at the correct use of technical terms
The final results of the exam are published on Esse3.
Furthermore, the verification of learning may consider an ongoing test.
Other information
2030 agenda goals for sustainable development
