42496 - Financial Reporting

Learning outcomes

At the end of the course the student is able to record the most frequent transactions under generally accepted accounting principles and draw up financial statements. The course also aims at reinforcing students’ understanding of the principles and usefulness of mandatory financial disclosures.

Course contents

The course introduces students to the logic of financial statements and the financial reporting process, from both the preparer's and the user's perspective.

Through the study of core accounting concepts and principles, students will acquire the tools to understand how a company's business transactions are reflected in its financial statements and related disclosures.

The course aims to develop students' ability both to critically interpret an already-prepared financial statement and to actively take part in its construction.

Particular attention is given to the application of International Financial Reporting Standards (IFRS) in preparing the two core financial statements: the Income Statement and the Statement of Financial Position (Balance Sheet).

Readings/Bibliography

Financial Accounting with International Financial Reporting Standards, 5th Edition (Wiley, 2022) -- Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

Course materials and handouts prepared by the instructor.

Teaching methods

Lectures, seminars, and group work.

Assessment methods

The exam consists of a single final written test, designed to assess the skills and critical abilities students have developed in financial reporting.

Exam registration is mandatory, and students must register via AlmaEsami according to the general rules.

The maximum score is 30 points, and the minimum passing score is 18/30:

• < 18: fail
• 18–23: pass
• 24–27: good
• 28–30: excellent
• 30 cum laude: outstanding

Teaching tools

Slides and other teaching materials.

Office hours

See the website of Gianluca Lavezzari