47736 - Accounting

Learning outcomes

By the end of this course students are able to: -demonstrate an understanding of fundamental financial accounting principles and management accounting techniques - accurately prepare financial statements, budgets, and accountability reports applying knowledge to practical scenarios. - apply accounting techniques to support business decisions. - assess international norms, standards, and practices - develop analytical rigor, attention to detail, and a commitment to accuracy.

Course contents

The course comprises two modules: 1) Financial accounting (February-March), 2) Management accounting (April-May).

1) Financial accounting

• Class 1: Accounting in action 1/2
• Class 2: Accounting in action 2/2
• Class 3: The recording process
• Class 4: Adjusting the accounts
• Class 5: In class exercises
• Class 6: Completing the accounting cycle
• Class 7: Accounting for Merchandising Operations
• Class 8: Inventories
• Class 9: In class exercises
• Class 10: Mock exam
  

2) Management accounting

• Class 1: Introduction to Module 2 and costs basics
• Class 2: Costs behaviour and cost-volume-profit relationship
• Class 3: Absorption costing
• Class 4: Short-term decision making
• Class 5:In class exercises
• Class 6: Operating budget
• Class 7:Cash budget
• Class 8: Variance analysis
• Class 9: Performance measurament
• Class 10: Mock exam

Readings/Bibliography

Financial accounting

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. Chapters 1, 2, 3, 4, 5, 6.

Management accounting

Bhimani A, Horngren CT, Datar SM and Rajan MV (2008), Management and cost accounting, 4th edition, FT/Prentice Hall (Ch. 2, 8, 12, 14, 15).

Carey M, Knowles C and Towers-Clark J (2011), Accounting - A Smart Approach, Oxford University Press (Ch. 11, 14)

Garrison RA, Noreen, EW, Brewer PC, Montague NR (2024), Managerial Accounting, 18th edition, McGrow Hill (Ch. 11; Ch. 12)

Two separate booklets, one for FA and one for MA, are available at Copisteria Asterisco, Via Belle Arti 31

Teaching methods

Lectures and in class interactive exercises

Assessment methods

Written exam

Marking system

• <18: fail
• 18-23: sufficient
• 24-27: good
• 28-30: very good
• 30 e lode: excellent

Office hours

See the website of Paolo Ferri