84552 - ACCOUNTING AND FINANCIAL STATEMENTS

Scheda insegnamento

Anno Accademico 2018/2019

Conoscenze e abilità da conseguire

At the end of the course students are able to manage and interpret accounting processes, balance sheets, accounting principles with a specific focus to European and international norms and principles. The aim of the course is to provide knowledge on accounting and more specifically on financial accounting. Students also learn to manage the bookkeeping process, financial statement analysis, Social and Environmental Accounting and Managerial Accounting. Students are able to make fundamental interpretations of a company's financial position and results of operations.

Programma/Contenuti

The aim of the course is to provide knowledge on accounting and more specifically on financial accounting. The course gives an overview mainly of financial accounting and explores the following topics:

§ Overview on Accounting: Financial Accounting, Social and Environmental Accounting, Managerial Accounting and Auditing.

§ Describes financial statements, explains how they are interrelated and summarizes key accounting concepts and principles.

§ Describes some of the basic analytical tools that allow financial statement users to make fundamental interpretations of a company's financial position and results of operations.

§ Describes the bookkeeping process and presents a powerful transaction analysis model.

§ Describes Financial Accounting with a detailed discussion of financial statement analysis.

§ Introduce Social and Environmental Accounting referring to extended performance reporting such as sustainability reporting and related guidelines.

§ Introduce Managerial Accounting and how this is concerned with the use of economic and financial information to support the management decision-making process.

At the end of the course students will be able to understand financial statements and the fact that these are the product of the financial accounting process. They represent the means of communicating economic information about the organization to stakeholders who want to make decisions and inform judgments about the entity's financial position. Also, students will be able to understand some fundamental financial statement analysis concepts and tools.

Furthermore, students will develop knowledge on non-financial information. To integrate the skills and knowledge on sustainable reporting, students examine and use the guidelines for sustainability reporting and its measures for guiding organizations to a more sustainable future, understanding their economic, environmental and social impacts (as well as related consequences).

Finally students will be introduced to the concepts of Managerial Accounting. Management is the process of planning, organizing, and controlling an organization's activities to accomplish its goals. Managerial Accounting (sometimes indicated as Management Accounting) supports the management process.

1) Introduction, syllabus, schedule and exam. What is accounting and what is financial accounting.

2) Financial statements and accounting concepts and principles.

3) Fundamental interpretations made from financial statements data.

4) The bookkeeping process and transaction analysis.

5) Financial statement analysis.

6) Extended performance reporting such as sustainability reporting. Additional material will be provided.

7) Managerial Accounting.

Testi/Bibliografia

Marshall, McManus and Viele, (2014), Accounting. What the numbers mean, McGraw-Hill International Edition. A short version of the book might be bought on line from the publisher. In this regard details will be given on the first day of the class.

Further material might be provided too.


Metodi didattici

The pedagogical approach is based on a combination of lectures, interactive classes, seminars, exercises, presentations and discussion questions.

Modalità di verifica dell'apprendimento

End of terms examinations (October and December 2018)

A final examination will be held at the end of each term and will consist of essay questions, multiple choices questions related to different elements of the course programme, as well as exercises. At the end of each term, the term examination is worth half of the final mark. However, for Students that attend this course, there will be the option to undertake a project, as part of the exam, which can be added to the final mark. Details will be given on the first day of the course.

Strumenti a supporto della didattica

Books

Exercises

Video

Case study method

Tutorial class

Discussion questions, etc.


Orario di ricevimento

Consulta il sito web di Federica Farneti

Consulta il sito web di Luca Baccolini