The course aims to provide students with the knowledge of the accounting models supported by international accounting standards, especially regarding standards (Ias/Ifrs) issued by the IASB, in order to appreciate the differences compared to the national accounting standards. Thanks to the analysis of appropriately selected Ias/Ifrs, at the end of the course the student will acquire both an adequate level of knowledge about the criteria to prepare financial statements in accordance with the international accounting standards and a level of knowledge that will enable him to understand financial statements drawn up in accordance with Ias/Ifrs.
Expected learning outcomes
Knowledge and understanding
The student will demonstrate to know the logic and content of the international accounting principles examined during the course.
Applying knowledge and understanding
The student will demonstrate to know how to apply international accounting standards and to understand financial statements prepared in accordance with international accounting standards.
The student will demonstrate the ability to formulate a critical judgment on the application of international accounting standards to specific cases and to compare national and international accounting standards.
The student will demonstrate the ability to communicate situations and/or problems and/or methodological tools both to specialists and non-specialists.
Lifelong learning skills
The student will demonstrate the ability to link the theoretical knowledge acquired during the course to professional practice and to undertake further studies in relation to the solutions required by the new problems of theory and practice.
Formally none, but a good knowledge of the fundamentals of business administration, in particular as regards accounting and financial statement, facilitates the understanding of the topics
The course will deal the following topics: The International Harmonisation Process of Accounting Standards – The Conceptual Framework - Ias 1 Presentation of Financial Statements – Ifrs 13 Fair Value Measurement – Ias 2 Inventories – Ias 11 Construction Contracts – Ias 16 Property, Plan and Equipment – Ias 38 Intangible Assets – Ias 17/Ifrs 16 Leases – Ias 36 Impairment of Assets – Ias 39/Ifrs 9 Financial Instruments.
The course will deal with the topic of international accounting
harmonization and some of the most important international accounting
standards Ias / Ifrs
The course is delivered through frontal lessons aiming to provide students with the basic knowledge of specific issues and lessons devoted to: the analysis of exemplifications; the discussion of case studies; exercises carried out by students, individually or in small groups.
Dezzani F., Biancone P., Busso D., Ias/Ifrs, III edizione, Ipsoa, Milano, 2016
Di Lazzaro F., Fabi T., Tezzon M., Principi contabili internazionali: temi e applicazioni, Giappichelli Editore, Torino, 2018
The written test has the specific purpose of verifying the degree of learning the accounting implications associated with the presentation of a financial statement in accordance with Ias/Ifrs. Specifically, the written test is divided into open-ended questions, multiple-choice questions and exercises relating to the application of specific international accounting standards.
The oral test aims to verify the degree of knowledge of the theoretical profiles of the accounting issues of multinational companies and structure, composition, classification criteria, accounting principles of financial statements presented in accordance with international accounting standards, and the valuation criteria of the main balance sheet's items, especially as regards the differences with the national accounting principles.
Only for attending students, it will be possible a task during the course, with the same features as the final test, with only a part of the topics discussed
Slides with additional material will be provided during the course and published on the teacher's webpage