BOOKKEEPING AND BALANCE SHEET
Learning outcomes of the course unit
At the end of the course, students are expected to: a) know and to be able to understand the national regulation for Financial reporting. Specifically, students are expected to understand the objective and the structure of the financial reporting, the measurement criteria for the recognition of equity, earnings and their analytical components. b) to be able to use the skills and competencies; specifically, students are expected to to able to use the accounting standard for the preparation of financial statements. In other words, students are expected to be able to determine and analyse financial reporting of companies of manufacturing and non financial services industry. c) develop autonomy of judgements in the choices related to the measurement of individual elements included in the financial statements (assets, liabilities, revenues, expenses). d) develop communication skills for managing the internal relations (e.g. among the Chief Financial Officer, internal auditors ) and the external relations (e.g. investors, creditors, external auditors, control authorities). e) develop further learning skills to continue the understanding the financial statement and improve their professional position.
Course contents summary
1. Regulation of the financial reporting 2. The objective of financial reporting 3. The documents of the financial statements 4.Notes and Management Report 5. Tangible and intangible assets 6. Investments 7. Inventories 8. Bonds 9. Receivables, debt and provision 10. Income taxes 11. Derivate Financial Instruments
National accounting principles for financial reporting that include these topics: 1.Regulation of the financial reporting 2. The objective of financial reporting 3. The documents of the financial statements 4.Notes and Management Report 5. Tangible and intangible assets 6. Investments 7. Inventories 8. Bonds 9. Receivables, debt and provision 10. Income taxes 11. Derivate Financial Instruments
Azzali S. (a cura di), Financial Reporting and Accounting Standard, Giappichelli, Torino, 2019
Acquisition of knowledge: frontal lessons
Acquisition of capability in applying knowledge: exercitations
Acquisition of autonomy in judgment: exercitations
Acquisition of learning skills: lectures and seminars will present problematic situations and stimulate the focus on critical issues and propose appropriate solutions.
Acquisition of technical language: during the course will be illustrated the main accounting words
The slides used to support of the lessons are loaded weekly on Elly; the same for integrative documents, in particular related to the exercises. To unload the slides the registration is necessary to the course on line.For a good preparation of the examination it is fundamental the use and the study of the text of reference; the slides are used only as a support for the lessons and they don't replace the text.
Assessment methods and criteria
The ability assessment of the learning is verified with a written exam with 2 questions and 2 exercises, equal weighted (8 points for each part). Questions aim to appreciate the knowledge and understanding, the communication skills, technical skills and making judgments. Exercises aim to evaluate the applying knowledgeThe range of evaluation is of 0-30; the student that reaches the maximum evaluation in every part also achieves the laude.During the test the use of calculator is allowed.The results of the test are published on ESSE3.
A final exam is scheduled at the end of the course, whose procedures are described on time in Elly on the course page and which can be accessed by all students (both attending and non-attending students of any year of the course).