- Docente: Marco Maria Mattei
- Credits: 6
- SSD: SECS-P/07
- Language: English
- Teaching Mode: Traditional lectures
- Campus: Bologna
- Corso: Second cycle degree programme (LM) in Business Administration (cod. 0897)
Learning outcomes
The student gains the tools to understand the international dimension of accounting. The main reference is towards IFRS (International Financial Reporting Standards) issued by IASB. The student also takes into consideration the activity of the Italian Accounting Standards Setter and the American Financial Accounting Standards Board.
Course contents
Introduction to accounting, accounting history, financial accounting, accounting standards, international harmonization of accounting, and financial audit. The book keeping process. The book keeping process and adjustments at the end of the accounting period. Financial statements: Statement of financial position, statement of comprehensive income. Financial statements: Statement of changes in equity, and statement of cash flows. Explanatory notes and management's discussion and analysis. Revenue recognition and inventory. Financial Instruments: Assets and Liabilities. Property, plan and equipment. Investment property. Intangible assets. Leases.
Readings/Bibliography
IAS 1; IAS 7; IFRS 15; IAS 2; IFRS 9; IAS 16; IAS 40; IAS 38; IAS 17; IAS 36
Teaching methods
Lectures, tutorials and group works.
Assessment methods
Group assignments and written test.
Group assignments consist of (1) exercises; and (2) analyzing and comparing the disclosures of two listed companies with reference to the accounting policy/rule presented in class, such as revenue recognition, intangible assets, and so on.
The written test consists of two exercises (20 points) and two open questions (12 points). The exercises are meant to test the student’s understanding of how the transactions affect the financial statements. The open questions allow students to show their knowledge of IFRS presented in class. For the written test, students are given one hour and half.
The final grade is a weighted average of the group assignment grade (30%) and the written test grade (70%).
Teaching tools
A tutor has also been assigned to this course. His name is Filippo Lo Piccolo filippo.lopiccolo2@unibo.it [mailto:filippo.lopiccolo2@unibo.it] and he is responsible for coordinating the two components of the integrated course, and assisting students with related issues.
Office hours
See the website of Marco Maria Mattei