42496 - Financial Reporting

Learning outcomes

The course aims to: encourage a general understanding of principles and standards for the accounting system at the international level; prepare and present extracts from the financial statements in conformity with IAS/IFRS and accounting policies; analyze and interpret financial statements and other financial information and draw appropriate conclusions; comprehend the role of information, accounting and reporting and their interaction between business and society; highlight outstanding best practices and imagine new tools/processes that might have an impact in the future on the accounting practice and/or research

Course contents

1) Accounting – the language of business and its role. Financial vs Managerial Accounting

2) Basic accounting concepts (accrual accounting)

3) Financial Statements: The Balance Sheet

4) Common Size analysis and ratios of liquidity and solvency

5) Financial Statements: The Income Statement

6) Comparative analysis, margins and ratios

7) Financial Statements: The Cash Flow Statement

8) Reporting and Disclosure: IAS/IFRS (some selected standards)

Readings/Bibliography

Accounting : what the numbers mean, David H. Marshall, Wayne W. McManus, Daniel F. Viele. - 10. ed, New York : McGraw-Hill, 2014

Selected chapters: 1. What is accounting/Accounting present and past; 2. Financial statements and accounting concepts and principles; 3. Fundamental interpretations made from financial statement data; 4. The bookkeeping process and transaction analysis; 9. The income statement and the statement of cash flows; 11. Financial Statement analysis; 12. Managerial accounting and cost-volume-profit relationships (please note that you will learn the content of some of these chapters during the crash course)

International financial reporting and analysis, David Alexander, Anne Britton, Ann Jorissen, Martin Hoogendoorn and Carien van Mourik – 6. ed Andover: Cengage Learning, 2014

 

Selected chapters:  1. Basics of Financial Reporting; 9. Accounting Theory and Conceptual Frameworks; 10. Structure of Published Financial Statements ; 12. Basic Interpretation of Financial Statement; 13. Fixed (Non-Current) Tangible Assets ; 14. Intangible Assets; 15. Impairment and Disposal of Assets ; 16. Leases; 19. Revenue

Teaching methods

Case studies, tests and problem sheets.

When applicable, students will have the possibility to interact with company managers and visiting professors

Assessment methods

Written examination

Teaching tools

Teaching materials presented in class will be made available to the student in electronic format via the Internet. 
To get educational materials: http://campus.unibo.it/
Instructions will be provided the first day of class

Office hours

See the website of Selena Aureli