The course requires basic knowledge in financial accounting and financial statements.
Non-attending students and workers will be able to achieve the educational objectives with the help of the recommended textbooks. Moreover, teaching materials will be uploaded on the personal web page.
In accordance with the educational objectives, the course is structured in theoretical lectures and exercises on the topics covered.
The lectures aim to provide in-depth knowledge of the main international accounting standards.
The performance of exercises is functional to the acquisition of technical-accounting skills for the registration and evaluation of business operations according to international accounting standard.
Theoretical frontal lessons: 40 hours (5 CFU);
Exercises: 24 hours (3 CFU).
The international accounting standards and their transposition into Italian law
Definition of assets, liabilities, revenues and costs under Framework
The structure of the Financial Statements
Statement of Changes in Equity
The Cash Flow Statement
The Tangible Assets
The Intangibles Assets
The impairment test
The Construction Contracts
The Provisions and contingent liabilities
Loans and Receivables
The Investments in associates
The Business combinations
The joint ventures
The purpose of this course is to extend the students’ knowledge on the accounting standards for the preparation of financial reporting, focusing on the content and application of the accounting rules issued by the IASB (International Accounting Standard Board).
Knowledge and understanding. The course aims to provide adequate knowledge on: IASB conceptual framework; IAS / IFRS financial statement formats and international accounting standards. Through the study of these issues, the student will be able to understand the accounting logic, the inspiring principles and the international accounting rules for the preparation of the financial statements and consolidated financial statements.
Ability to apply knowledge and understanding. The course is aimed at providing tools for analysis, interpretation and evaluation of business phenomena for presentation in the financial statements according to the international accounting rules IAS / IFRS. The student will also be able to identify the peculiarities and differences of the international accounting model with respect to the national budget discipline
Judgment autonomy. Through the theoretical study and the technical-practical study of international accounting standards, the student will acquire critical analysis and judgment skills on the correct registration and evaluation of the financial statement items drawn up in an international IAS / IFRS key.
Communication skills. At the end of the course, the student will have acquired the international technical-accounting language useful for understanding and adequately exposing accounting concepts and problems inherent in the application of international accounting standards.
Learning ability. The student's learning ability of the course will be stimulated through:
• power point presentations, with classroom discussion, also aimed at verifying the effective understanding of the topics covered;
• technical-accounting exercises on each topic covered, useful for developing application skills
Interpretation and Application of International Financial Reporting Standards, Wiley, 2018.
The exam consists of a written test with open-ended questions and exercises, with an attributable score of maximum 30/30 and honors.
The objective of the test is to verify the student's degree of preparation on the theoretical topics of the course and on the technical-accounting applications of the topics covered. The written exam lasts 100 minutes.
The international accounting standards and their transposition into Italian law. The Framework. Definition of assets, liabilities, revenues and costs under Framework. The structure of the Financial Statements. Statement of Changes in Equity (1 CFU).
The Cash Flow Statement. The Tangible Assets. Investment Property. Leasing (2 CFU)
The Intangibles Assets. The impairment test. The inventories. The Construction Contracts (2 CFU)
The Provisions and contingent liabilities. Loans and Receivables. The Investments in associates (2 CFU)
The Business combinations. The joint ventures (1 CFU).