90052 - Tourism Accounting

Learning outcomes

The course aims to introduce students to accounting and prepare them to deal effectively with this subject in the international arena. Thus, the course focuses on financial, management and social and environmental accounting, theory, and practice. At the end of the course students understand double entry bookkeeping rules, prepare and read financial statements (income statement, balance sheet, and statement of cash flows), develop financial analysis, understand the disclosure of sustainability reports and use management accounting techniques for decision making.

Course contents

The course is divided into two parts:

Part 1.
Professor Federica Farneti (40 hours)

The aim of the course is mainly to provide knowledge on financial accounting. Students learn to manage the bookkeeping process, to read and develop financial statement and financial analysis. Students can make fundamental interpretations of a company's financial position and results of operations. Also, the course aims to introduce Social and Environmental Accounting and Managerial Accounting.

At the end of the course students understand financial statements and the fact that these are the product of the financial accounting process. They represent the means of communicating financial information about the organization to stakeholders who want to make decisions and inform judgments about the entity's financial position. Also, students are able to understand fundamental financial statement analysis concepts and tools.

Furthermore, students develop knowledge on non-financial information, related to both Social and Environmental Accounting, the Directive 95/2014 and the Proposal on CSR issued in 2021. To integrate the skills and knowledge on sustainable reports, students examine and use the guidelines for sustainability reporting and its measures for guiding organizations to a more sustainable future, understanding their economic, environmental, and social impacts (as well as related consequences).

Unit 1-3) Introduction, syllabus, schedule, and exam. What is accounting, what is financial Accounting, what is Social and Environmental Accounting and what is managerial Accounting.

Unit 4-8) Financial statements and accounting concepts and principles.

Unit 9-10) Fundamental interpretations made from financial statements data.

Unit 11-12) Social and Environmental Accounting, the Directive 95/2014, extended performance reporting such as sustainability reporting.

Unit 13-14) The bookkeeping process, transaction analysis, financial statements.

 

Part 2.

Professor Filippo Lo Piccolo (40 hours)

This part of the course is designed to cover with exercises the topics covered in Part 1. Further exercises and further financial analysis are provided.

Unit 15-16) The bookkeeping process, transaction analysis, financial statements.

Unit 17-20) Managerial accounting

The detailed program is presented during the first class.

 

Readings/Bibliography

 

Marshall, McManus and Viele, (2019), Accounting. What the numbers mean, 12th Edition, McGraw-Hill International Edition. Few chapters.

The Directive 95/2014: https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32014L0095&from=EN

The proposal for CSR: EU (2021). Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directive 2013/34/EU, Directive 2004/109/EC, Directive 2006/43/EC and Regulation (EU) No 537/2014, as regards corporate sustainability reporting, COM/2021/189 final: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52021PC0189

Further reading, articles and documents can be provided during the course.

Teaching methods

 

The pedagogical approach is based on a combination of lectures (presentations and related explanations), interactive classes, seminars, exercises, and discussion questions.

Assessment methods

 

A final examination will be held at the end of each term and will consist of multiple choices questions related to different elements of the course programme, as well as exercises and open questions. A partial exam is also scheduled during October / November 2022. Students who are not satisfied with their grade can refuse the grade once. Changes to the outline of the exam could be needed related to the pandemic.

The assessment of the preparation will be based on the following evaluation judgment scale:

- 18-23: sufficient preparation but relating to a limited/or generic number of the course contents;
- 24-27: adequate preparation but with some gaps with respect to the course contents;
- 28-30: very in-depth knowledge of all the course contents;
- 30L: excellent knowledge of the course contents.

Enrolment is required to set the exam. Students must enrol via Almaesami platform: https://almaesami.unibo.it/almaesami/welcome.htm, where rules and deadlines to enrol to each exam are indicated.

Structure of the Texts

The exam is written. If the pandemic continues the exam will be written - online, carried out through the EOL and ZOOM platforms. In no-pandemic case the exam is written in presence.

The exam involves exercises, multiple choice where the correct answer/s can be more than one for each question, and open questions.

Assessment methods may change due to the future Covid19 situation.

Teaching tools

 

Books

Exercises

E-learning

Case study method

Discussion questions

International Seminar 

International articles

Business game, in teams

 

Some of the teaching material is online on the Virtuale website.

Links to further information

https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32014L0095&from=EN

Office hours

See the website of Federica Farneti

See the website of Filippo Lo Piccolo

See the website of Filippo Lo Piccolo