Financial Reporting and Accounting Standards
Principles, postulates and mandatory documents of the financial statements will be analyzed and further explored. The course will be characterized by the search for a close connection between deepening the theoretical aspects and acquiring skills by the student, in understanding and resolving the issues discussed, through examples, cases and exercises.
The training objectives are listed below:
Knowledge and understanding
The aim of the course is to provide the student with a solid preparation for accounting principles and recording of management operations.
Applying knowledge and understanding
The student must be able to detect, at the accounting level, the various classes of business operations.
The student must be able to make a critical assessment of the company's economic and financial dynamics, through reading the Income Statement and Balance Sheet outlines. He/she has also to be able to judge the different impact on the financial statements values as a result of the adoption of national or international accounting standards.
The student must be able to illustrate theoretical foundations and accounting principles underlying the construction of the Income Statement and Balance Sheet. He/she must also argue the logical links between the same statements, using the required technical language.
At the end of the course, the student must have all the tools to continue autonomously, adopting a critical approach, studying the evolution of matter, both through continuous doctrinal and regulatory updates, and through contacts with the disciplinary bodies.
Deep knowledge of Business Economics and General Accounting
From general ledger to financial statements - The evolution of the financial statements: objectives and structure of the document. Civil regulations and national accounting principles. Budget postulates: general clauses and drafting principles. Mandatory and optional derogations. Budget Schemes: Structure and Content of the Balance Sheet, Income Statement and Cash Flow Statement. The Supplementary Note. The Report on operations and other attachments to the Financial Statements. The budget in short form. The micro-enterprise budget. Considerations on the instrumentality of capital valuation for income determination. Analysis of the assessment criteria provided by civil law and national accounting principles. Relations between civil and fiscal legislation on the financial statements.
The course will be divided into more blocks of lessons:
I block (10 hours):
The Financial Statements: General Principles, Standards and Editing Rules.
II block (18 hours):
Budget Schemes: The structure of the Balance Sheet, Income Statement and Cash Flow Statement.
III block (34 hours):
The valuation of the main assets elements. Examination of reference accounting principles.
IV block (10 hours):
The Financial Statements Files. Other types of Financial Statements: introductory notions.
The course aims to equip students with conceptual tools and operational techniques to understand accounting logic as well as to know the financial statements
Frontal lessons, exercises, insights.
Quagli A., Bilancio di esercizio e principi contabili. VII Edizione, Giappichelli Editore, 2015
Additional reading will be provided during the course
Examinations during the course (attendants), final exam. The assessment of expected learning results will take place in different ways and at different times. Specifically, learning results will be verified through training tests based on: structured tests aimed at acquiring knowledge; the use of corporate cases to ensure the acquisition of skills. At the end of the course, however, the expected learning outcomes will be verified by conducting a written test and an oral interview on the subjects covered by the program.