17572 - General and Applied Accounting

Learning outcomes

The objective of the course is to provide knowledge related to the functioning of general accounting systems, aimed at preparing the financial statements, with a particular focus on the context of private enterprises. At the end of the course, the student is able to: (a) carry out the economic and financial recording of business transactions related to establishment, opening, management, and closure, following the double-entry accounting rules; (b) prepare a financial statement in accordance with the civil law and national accounting principles; (c) determine the taxable income of a corporation, according to tax regulations.

Course contents

Module I - The Income Statement (Financial Statements)

• Financial Statements and Exercise Accounting; the function of the Income Statement.

• Civil law financial statements: statement formats, general clause, preparation principles, valuation criteria.

• Accounting principles in the preparation of the Income Statement.

Module II - Business Accounting

• Objectives and tools of business accounting.

• Establishment entries. Exercise entries. Closing and reopening entries.

• Accounting entries and tax regulations.

Readings/Bibliography

Modulo I: Savioli G., Il bilancio di esercizio secondo i principi contabili nazionali, Giuffrè, Milano, 2021.

Modulo II: Savioli G. e Bartolini M. (a cura di), Contabilità d'impresa, III Edizione, FrancoAngeli, Milano, 2023. (NUOVA EDIZIONE)

Teaching methods

In-class frontal lectures.

Assessment methods

Written exam.

Grading of marks and evaluation judgment:

<18 insufficient

18-23 sufficient

24-26 good

27-29 distinguished

30 excellent

30L outstanding

Teaching tools

Lesson presentations in PowerPoint, solved exercises, and other information will be made available on the e-learning platform.

Office hours

See the website of Giuseppe Savioli

See the website of Luca Dal Prato