47736 - Accounting

Learning outcomes

This course aims at introducing students to accounting and preparing them to deal effectively with this subject in their future professional careers.

Course contents

 

Course leader d.ssa Maria Teresa Speziale

E-mail: mariateresa.speziale@unibo.it

Web: https://www.unibo.it/sitoweb/mariateresa.speziale/en

The course focuses on International Financial Reporting Standards (IFRS) that are adopted by the European Union (EU) and most countries in the world, emphasizing the decision usefulness of Financial Reporting. We will also show the main differences that remain between IFRS, set by the International Accounting Standards Board (IASB), and U.S. Generally Accepted Accounting Principles (GAAP), issued by the Financial Accounting Standards Board (FASB), as well as the ongoing joint convergence efforts to develop one universally accepted set of Accounting Standards.
A special attention will be devoted both to the Financial Reporting within the framework of the Italian "Economia Aziendale" (Business Economics), and to the Italian Civil Code and Accounting Principles, highlighting the main differences with the IFRS.
Course contents

Readings/Bibliography

Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Financial Accounting: IFRS edition, 3rd edition, Hoboken, NJ: Wiley, 2015, ISBN: 978-1-118-97808-5 (Printable E-Text: € 56,20).
Link to Wiley's website (to buy the textbook):
http://eu.wiley.com/WileyCDA/WileyTitle/productCd-1118978080.html

Teaching methods

Attendance is highly recommended for all students and mandatory (80% of attendance) to have the opportunity to deliver two homework problems (same structure of the exam), which will be evaluated from 0 to 2 points each.
It is expected that students come to class prepared and ready to contribute to classroom discussions, having studied each chapter in advance. Students are strongly encouraged to ask questions, make comments, and answer the questions raised in class.
Exercises on all chapters of the textbook will be solved in class by the Professor and also by the tutor (10 additional hours).
Lectures on the topics that are not included in the textbook will be given.

Assessment methods

The final grade will be calculated as the average grade of two mid-term exams. If one passes (min 18/30) the 1st mid-term in the middle of the course, one can take the 2nd mid-term in May OR June (just once).
If one fails the first mid-term, or passes the first mid-term but fails the second mid-term, one can take the Full Exam (May, June, September).
Exams are written and include 10 true/false statements, 10 multiple choice questions, 1 open question and 3 exercises.
Only calculators are permitted during the exams (no mobile phones, no other tools).
Two homework problems will be assigned during the course, which will be evaluated from 0 to 2 points each. If the student delivered both homework problems, their average score will be added to the final grade in the exam.
Active class participation may be weighted in determining the final grade at the discretion of the professor.

Teaching tools

WEB RESOURCES
Wiley's Student Companion Site (to dowload the slides of the textbook):
http://bcs.wiley.com/he-bcs/Books?action=index&itemId=1118978080&bcsId=9784
Further teaching materials, related to the topics that are not included in the textbook, will be published by the professor in AMS campus.

 

Office hours

See the website of Rebecca Levy Orelli

See the website of Maria Teresa Speziale