ACCOUNTING AND FINANCIAL STATEMENTS
The aim of the course is to provide knowledge on the logic, tools and accounting methodology for the recognition of administrative facts, up to their representation in the financial statements in the mandatory formats required by law. Therefore, the emphasis is placed on both the recognition of business operations and on the preparation of financial statements.
The learning objectives of the course can be declined as follows.
Knowledge and understanding skills. At the end of the course, the student acquires the basic concepts regarding the general accounting of the company, with particular attention to the recognition of the main business operations. In addition, the student acquires knowledge of the financial statement. The knowledge and understanding skills are acquired through lectures, exercises aimed at the recognition of business operations and the analysis of the documents constituting the financial statements. The mode of verification of this knowledge and skills consists in carrying out exercises and reading the financial statements.
Ability to apply knowledge and understanding. At the end of the course, the student is able to draw up accounting records relating to the main business operations, as well as to prepare, read and interpret the financial statements in its essential features. The mode of verification of these abilities to apply knowledge and understanding consists in carrying out exercises aimed at the recognition of the main business operations and the preparation and reading of the documents constituting the financial statements.
Autonomy of judgment. At the end of the course, the student is able to identify the appropriate mode of recognition of the main business operations and to discriminate the values according to their nature. In addition, the student is able to interpret the financial statement data in order to make autonomous judgements necessary to support the decision-making processes that take place in the company. The autonomy of judgment is developed and verified through the performance of exercises aimed at the recognition of the main business operations and the preparation and reading of the documents constituting the financial statements.
Communicative ability. At the end of the course, the student is able to explain how to recognize the main management operations, as well as to interpret the financial statement data. Communication skills are developed through exercises aimed at the recognition of the main business operations and the analysis of the documents constituting the financial statements. The verification of the acquisition of communication skills is through the evaluation of the student’s ability to exhibit and argue, its communicative effectiveness, the terminological correctness on the occasion of the exam, both written and oral.
Ability to learn. At the end of the course, the student is able to independently deepen the topics and the specific normative sources of financial accounting and related to the preparation of the financial statements. The learning skills are obtained and tested in the context of frontal lessons, through practical exercises and evaluated through the performance of the exam, written and oral.
It is necessary to have acquired and assimilated the knowledge provided during the course of Business Administration.
The content of the course can be divided into several blocks of lessons, the duration of which depends on the level of preparation of the students and their familiarity with the basic concepts. On average, the course is structured as follows:
I block (8 hours):
Objectives, logic and tools of financial accounting
II block (24 hours)
Recognition of administrative facts
III block (16 hours)
Accrual accounting, closing and opening records
IV block (24 hours)
Financial statements: principles and documents
The course deals with the following topics: Objectives of financial accounting; Double entry method; Operation of accounts; Accounting systems; Plan of accounts; Reporting of administrative facts; accrual accounting; Closing accounts; Financial statements as «accounting summary»; Reopening entries; Rules on financial statements and accounting principles; Principles for the preparation of financial statements; documents of financial statements.
The teaching activity of the course is organized in frontal lessons and exercises
Andrei P., Fellegara A., Contabilità generale e bilancio d'impresa, Giappichelli, u.e.
Quagli A., Bilancio di esercizio e principi contabili, Giappichelli, u.e. (cap. 1, 2)
The final exam includes a compulsory written test, concerning both general theory and quantitative topics, and articulated in closed and/or open questions and exercises. Based on the results of the written test, the student is entitled to provide supplementary elements through an oral exam.
To pass the exam, the student must have a grade of not less than 18/30.
The student achieves the score of 18/30 when demonstrating that he has acquired sufficient knowledge of the topics covered in the course. To achieve a score of 30/30 cum laude, the student must demonstrate an excellent knowledge of all the topics covered during the course.
During the course will be carried out exercises in itinere also intended as opportunities for self-assessment by the student of its knowledge.
Lectures are in Italian. The professor is fluent in English and is available to interact with students in English, also during the examination.