Financial Reporting and Accounting Standards
The aim of this course is to provide for the jurisdictional and technical knowledge to prepare the annual financial statements by the adoption of the accounting requirements, the national accounting standards and the best practice.
According to this, the course aspires to put the students in the condition to achieve the appropriate instruments to comprehend the behavior of the consolidated practice in preparing the financial statements, be able to determine or verify the adequate process to present the accounting values, elaborate a faithful representation of the main operations and examine the healthiness of the entity.
It is necessary to have acquired and assimilated the knowledge provided by the courses of Business Economics and of Financial Accounting.
The jurisdictional provisions concerning the general purpose financial statements. The national accounting principles issued by the Organismo Italiano di Contabilità. The relationship between the accounting requirements, the determination of the taxable income and the distributable profit. The general principles. The financial statements. Determination and representation of the main items included in the statement of the financial position: fixed assets; current assets; equity; provisions for risks and charges; debts; derivative financial instruments. Representation of the main items of the statement of income: operating area; financial area; current and deferred taxation. Disclosures.
The annual financial statements prepared in compliance with the civil code requirements and the local GAAP enacted by the Organismo Italiano di Contabilità.
Traditional lectures, analysis of business studies, with an high interactive debate.
Quagli A. (2018), Bilancio di esercizio e principi contabili, Torino, Giappichelli.
OIC, Principi contabili nazionali.
Written exam with open questions about the program and oral exam.