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30380 - International Accounting

Academic Year 2020/2021

                
                        Docente:
                        Lorenzo Dal Maso
                    
                        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)

                            Teaching resources on Virtuale

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

This course focuses on understanding financial reporting issues such as business combinations, impairment and disposal of assets, consolidation, hedge accounting and financial instruments. It will help students in understanding: (1) the requirements of specific international accounting standards, (2) how firms should apply the accounting standards’ requirements, and (3) the information required by accounting standards in firms’ notes accompanying financial statements.

The ultimate goal of this course is to give students the appropriate knowledge on: (1) the role of international financial reporting, (2) the scope of international financial reporting standards are meant to achieve in the EU and globally, (3) the users and uses of general purpose financial reporting information, and (4) the main challenges for the IASB when promoting the international adoption and application of IFRS Standards.

Readings/Bibliography

Alexander, D., Jorissen, A., Hoogendoorn, M., van Mourik, C., and Kirwan, C. International Financial Reporting and Analysis, Cengage Learning EMEA; 8th Revised edition (2020).

Any other materials referenced during the lectures.

Assessment methods

The final grade for this course is based: 50% written exam and 50% group project as described in the syllabus. The written exam consists of 15 multiple-choice questions. Each question weights 2 points (no penalization for wrong answers), while no response will result in 0 points. Students have 2 minutes to answer every single question. The exam is an open book; therefore, students can consult during the exam: handouts, notes, slides, and books.

Office hours

See the website of Lorenzo Dal Maso