A85677 International Financial Reporting

Scuola di Economia e Management
Syllabus
Academic Year 2014/15 Second Semester

foto
Docente TitolarePatrizia Tettamanzi
E-mailptettamanzi@liuc.it
Office"Torre" (main tower), 7th floor
Phone0331 572207

Learning Objectives

At the end of the course the student will be able:

  • read and interpret Financial Statements of companies applying international accounting standards;
  • identify and judge the impact on the companies’ accounts of alternative accounting methods.

Learning targets

At the end of the course the student will be able:

  • read and interpret Financial Statements of companies applying international accounting standards;
  • identify and judge the impact on the companies’ accounts of alternative accounting methods.

Course Content

EEC regulation n. 1606/2002 of July 19, 2002 forces all the listed companies within the European Community to issue their Consolidated Financial Statements according to the international accounting standards (IAS/IFRS).

The Italian ruler, with the Legislative Decree n. 38/2005, showed his will to extend the use of IAS/IFRS, which have become mandatory also for the Financial Statements of listed companies starting from financial periods closed or running during 2006.

The aim of this course is to teach the general principles of IAS/IFRS, the structure of Financial Statements compliant with IAS/IFRS and the recognition and assessment rules provided by the new accounting principles for the key assets.

The issues related to the transition to the new system of accounting principles will also be treated.

Course Delivery

The course is made of theoretical lessons, cases and practical exercises.

Lectures are held throughout the entire semester. Students are responsible for learning the material before coming to class.

You are responsible for consulting on a regular basis the website of the course on “my.liuc.it” where updates, additional material, slides and exercises about the course are posted.

   We reccomend to do the midterm test.

Course Evaluation

The assessment is based on a written exam at the end of the course. To pass the exam the student needs to achieve a grade higher than 18/30.

For attending students only, the exam is made of two written tests (mid-term test plus final test). Sufficiency in both tests is required to pass the exam (sufficiency = grade higher than 18/30).

Syllabus

Session 1
24/02/2015
Time: 14:00
Hours of lesson: 2
Instructor: P. Tettamanzi

Topics:

  • Why IAS/IFRS?
  • The conceptual framework of the IASB
  • IAS 1: Presentation of Financial Statements:  Income Statement, Balance Sheet

Readings:

Teaching Material on the Course Website

Session 2
03/03/2015
Time: 14:00
Hours of lesson: 2
Instructor: P. Tettamanzi

Topics:

  • IAS 16: Accounting for Tangible Assets and Valuing Tangible Assets. Depreciation. Historical Cost and Revaluation Model

Readings:

Teaching Material on the Course Website

Session 3
04/03/2015
Time: 14:00
Hours of lesson: 3
Instructor: P. Tettamanzi

Topics:

  • IAS 38: Accounting for Intangible Assets and Valuing Intangible Assets. Amortisation. Historical Cost and Revaluation Model

Readings:

Teaching Material on the Course Website

Session 4
10/03/2015
Time: 14:00
Hours of lesson: 2
Instructor: P. Tettamanzi

Topics:

  • Review Session

Readings:

Teaching Material on the Course Website

Session 5
11/03/2015
Time: 14:00
Hours of lesson: 3
Instructor: E. Montani

Topics:

IAS 7: Cash Flow Statement

Readings:

Teaching Material on the Course Website

Session 6
17/03/2015
Time: 14:00
Hours of lesson: 2
Instructor: P. Tettamanzi

Topics:

  • IAS 36: Impairment Test

Readings:

Teaching Material on the Course Website

Session 7
18/03/2015
Time: 14:00
Hours of lesson: 2
Instructor: E. Montani

Topics:

  • Review Session

Readings:

Teaching Material on the Course Website

Session 8
31/03/2015
Time: 14:00
Hours of lesson: 2
Instructor: P. Tettamanzi

Topics:

Midterm Test

Readings:

Session 9
14/04/2015
Time: 14:00
Hours of lesson: 2
Instructor: P. Tettamanzi

Topics:

  • IAS 28, IAS 31, IFRS 3 and IFRS 10: Consolidated Financial Statements

Readings:

Teaching Material on the Course Website

Session 10
15/04/2015
Time: 14:00
Hours of lesson: 3
Instructor: E. Montani

Topics:

  • IAS 2: Accounting for Inventories and Valuing Inventories: FIFO, Weighted Average Cost

Readings:

Teaching Material on the Course Website

Session 11
22/04/2015
Time: 14:00
Hours of lesson: 3
Instructor: P. Tettamanzi

Topics:

  • IAS 11: Work in progress

Readings:

Session 12
28/04/2015
Time: 14:00
Hours of lesson: 2
Instructor: P. Tettamanzi

Topics:

  • Review session

Readings:

Teaching Material on the Course Website

Session 13
29/04/2015
Time: 14:00
Hours of lesson: 3
Instructor: E. Montani

Topics:

  • IAS 17: Accounting for leasing

Readings:

Teaching Material on the Course Website

Session 14
06/05/2015
Time: 14:00
Hours of lesson: 3
Instructor: P. Tettamanzi

Topics:

Review Session

Readings:

Teaching material on the website

Session 15
20/05/2015
Time: 14:00
Hours of lesson: 3
Instructor: P. Tettamanzi

Topics:

  • Final Test

Readings:

Teaching Material on the Course Website


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