Academic Year 2018/2019
- Docente: Paolo Ferri
- Language: English
- Moduli: Paolo Ferri (Modulo 1) Paolo Ferri (Modulo 2)
- Teaching Mode: Traditional lectures (Modulo 1) Traditional lectures (Modulo 2)
- Campus: Bologna
-
Corso:
Second cycle degree programme (LM) in
Innovation and Organization of Culture and the Arts (cod. 0902)
Also valid for Second cycle degree programme (LM) in Business Administration (cod. 0897)
Learning outcomes
This crash course is an introductory course covering Financial Accounting and Management Accounting. Together the two components of the course provide a broad-based foundation of accounting and help understand the role it plays in a modern business.
Upon completion of the course, students should be able to
- Interpret primary financial statements;
- Understand how the accounting information can be used to make economic decisions;
- Understand costs behaviour for planning, controlling and decision making processes;
- Apply simple managerial accounting tools.
Course contents
The course will cover the following subject areas:
FINANCIAL ACCOUNTING
Class 1: Basic double entry bookkeeping, introduction to statement of profit and loss and statement of financial position (cap. 2 & 3)
Class 2: Accruals, prepayments, depreciation, bad and doubtfull debts (cap. 3 & 4)
Class 3: Company finance, statement of cash flows (cap. 5 & 7)
Class 4: Interpreting financial statements (cap. 8)
Class 5: Exercises
MANAGEMENT ACCOUNTING
Class 6: Costs and break-even analysis (cap. 10)
Class 7: Absorption costing (cap. 11 – ignore Activity based costing pp. 200-203)
Class 8: Budgeting and variance analysis (cap. 12 – ignore Variance analysis pp. 222-224)
Class 9: Pricing and costs, Short-term decision making (cap. 13 & 14 – ignore Discount, Choosing the appropriate costing method, Life-cycle costing, Transfer pricing, Limiting factors, Upgrading equipment pp. 232-236; 239-242; 253-256
Class 10: Exercises
Readings/Bibliography
Carey, Mary, Knowles, Cathy and Towers-Clark, Jane (2014) Accounting - A Smart Approach, Oxford University Press, ISBN 9780198745136
A booklet containing the book's selected chapters will be available at Copisteria Asterisco (via delle Belle Arti, 31) when the course starts.
Additional readings may be delivered in class
Teaching methods
Lectures and interactive learning excercises
Assessment methods
written exam - 2 hours
Evaluation: pass/fail (no mark)
Office hours
See the website of Paolo Ferri