A86045 Accounting and Financial Reporting

Scuola di Economia e Management
Syllabus
Academic Year 2015/16 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 to:

  • read and perform a high level interpretation of the Financial Statements of companies applying international accounting standards;
  • identify and evaluate the impact on the companies’ accounts of the principal alternative accounting methods;
  • carry out a high level assessment of the economic-financial position of a company reporting under IAS/IFRS.

 

Learning targets

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

  • read and perform a high level interpretation of the Financial Statements of companies applying international accounting standards;
  • identify and evaluate the impact on the companies’ accounts of the principal alternative accounting methods;
  • carry out a high level assessment of the economic-financial position of a company reporting under IAS/IFRS.

 

 

Course Content

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 measurement rules provided by the accounting principles for the key balance sheet and income statement items;
  • to enable students to evaluate the economic-financial position of complex organizations through the systematic use of the information included in the public financial statements.

The course is divided in two main parts:

  1. the main concepts of financial accounting and analysis will be presented at the beginning of the course when the different analytical tools that the financial statements readers may use in order to extract useful information about a company economic performance and financial situation will then be covered;
  2. following this, the IAS/IFRS for the major items of assets and liabilities will be presented in order to understand the scope of the standards, the definitions, rules for initial recognition and subsequent measurement and disclosure requirements.

 

Course Delivery

The course is made up of theoretical lessons, classroom discussions, research assignments, cases and practical exercises.

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

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

There will be a  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 up 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
24/02/2016
Time: 14:00
Hours of lesson: 3
Instructor: P. Smith

Topics:

Financial Reporting Under IFRS

Readings:

 

  • Melville: Chapter 3 and 4
  • IAS 1: Presentation of Financial Statements
  • IFRS Technical Summaries: IAS 8, IAS 10, IAS 20, IAS 21, IAS 24, IAS 33, IAS 34, IFRS 5, IFRS 8
  • Teaching Material on the Course Website
Session 2
25/02/2016
Time: 09:00
Hours of lesson: 2
Instructor: P. Smith

Topics:

Financial Analysis: reformulation and ratios

Readings:

  • Melville Chapter 22
  • Teaching Material on the Course Website
Session 3
29/02/2016
Time: 09:00
Hours of lesson: 3
Instructor: P. Smith

Topics:

Financial Analysis: reformulation and ratios

Readings:

  • Melville: Chapter 22
  • Teaching material on the Course Website
Session 4
03/03/2016
Time: 09:00
Hours of lesson: 2
Instructor: P. Smith

Topics:

Review session

Readings:

Teaching material on the course website

Session 5
07/03/2016
Time: 09:00
Hours of lesson: 3
Instructor: P. Smith

Topics:

Revenues

Readings:

  • Melville: Chapter 13
  • IFRS 15 Revenues from contracts with customers
    • IAS18 Revenue
    • IAS 11 Construction Contracts
    • IFRS 13
  • Teaching Material on the Course Website
Session 6
10/03/2016
Time: 09:00
Hours of lesson: 2
Instructor: P. Smith

Topics:

Costs and Expenses

Readings:

  • Melville Chapter 14
  • IFRS Technical Summaries IAS 19, IFRS 2, IFRS 13
  • Teaching Material on the Course Website
Session 7
14/03/2016
Time: 09:00
Hours of lesson: 3
Instructor: P. Smith

Topics:

Non current assets - Financial assets/Liabilities

Readings:

  • Melville Chapter 11
  • IFRS 7, IFRS 9, IFRS 13, IAS 32, IAS 39
  • Teaching Material on the Course Website
Session 8
17/03/2016
Time: 09:00
Hours of lesson: 2
Instructor: E. Montani

Topics:

Non-current Assets - Tangible Assets

Readings:

  • Melville Chapter 5
  • IAS 16 Property, Plant and Equipment
  • IFRS Technical Summaries: IAS 40, IAS 23, IFRS 13
  • Teaching Material on the Course Website
Session 9
21/03/2016
Time: 09:00
Hours of lesson: 3
Instructor: E. Montani

Topics:

Financial leases

Readings:

Melville Chapter 9

IAS 17 Leases

IFRS 13

Teaching material on the course website

Session 10
31/03/2016
Time: 09:00
Hours of lesson: 2
Instructor: E. Montani

Topics:

Review Session

Readings:

  • Teaching Material on the Course Website
Session 11
04/04/2016
Time: 09:00
Hours of lesson: 3
Instructor: E. Montani

Topics:

Non-current Assets - Intangible Assets

Readings:

  • Melville Chapter 6
  • IAS 38 Intangible Assets
  • IFRS Technical Summaries IFRS 6, IFRS 13
  • Teaching Material on the Course Website
Session 12
07/04/2016
Time: 09:00
Hours of lesson: 2
Instructor: P. Tettamanzi

Topics:

Impairment of assets.

Review session.

Readings:

  • Melville Chapter 7
  • IAS 36 Impairment of Assets
  • IFRS 13
  • Teaching Material on the Course Website
Session 13
11/04/2016
Time: 09:00
Hours of lesson: 2
Instructor: E. Montani

Topics:

Review Session

Readings:

  • Teaching Material on the Course Website
Session 14
14/04/2016
Time: 09:00
Hours of lesson: 2
Instructor: P. Smith

Topics:

Mid-term Test

Readings:

Session 15
18/04/2016
Time: 09:00
Hours of lesson: 3
Instructor: E. Montani

Topics:

Current Assets - Inventories

Readings:

  • Melville Chapter 10
  • IAS 2 Inventories
  • IFRS Technical Summaries IAS 11, IFRS 13
  • Teaching Material on the Course Website
Session 16
19/04/2016
Time: 14:00
Hours of lesson: 2
Instructor: P. Tettamanzi

Topics:

Review session

 

Readings:

  • Teaching Material on the Course Website
Session 17
21/04/2016
Time: 09:00
Hours of lesson: 2
Instructor: P. Smith

Topics:

Current assets - Accounts Receivable

Readings:

  • Teaching Material on the Course Website
Session 18
26/04/2016
Time: 14:00
Hours of lesson: 2
Instructor: P. Tettamanzi

Topics:

Group Accounts

Readings:

  • Melville Chapter 18
  • IFRS Technical Summaries IFRS 10, IFRS 11, IFRS 12, IFRS 13, IAS 27, IAS 28, IAS 29
  • Teaching Material on the Course Website
Session 19
28/04/2016
Time: 09:00
Hours of lesson: 2
Instructor: E. Montani

Topics:

Taxation - Direct & Indirect

Readings:

  • Melville Chapter 15
  • IAS 12 Income Taxes
  • Teaching Material on the Course Website
Session 20
02/05/2016
Time: 09:00
Hours of lesson: 3
Instructor: P. Smith

Topics:

Non-Financial Liabilities

Readings:

  • Melville Chapter 12
  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets
  • IFRS Technical Summaries IAS 19, IFRS 13
  • Teaching Material on the Course Website
Session 21
03/05/2016
Time: 14:00
Hours of lesson: 2
Instructor: P. Tettamanzi

Topics:

Review Session

Readings:

  • Teaching Material on the Course Website
Session 22
05/05/2016
Time: 09:00
Hours of lesson: 2
Instructor: P. Tettamanzi

Topics:

Review session

Readings:

  • Teaching Material on the Course Website
Session 23
09/05/2016
Time: 09:00
Hours of lesson: 3
Instructor: E. Montani

Topics:

Cash Flow Statement

Readings:

  • Melville Chapter 16
  • IAS 7 Statement of Cash Flows
  • Teaching Material on the Course Website
Session 24
12/05/2016
Time: 09:00
Hours of lesson: 2
Instructor: P. Tettamanzi

Topics:

Review session

Readings:

Session 25
16/05/2016
Time: 09:00
Hours of lesson: 3
Instructor: P. Tettamanzi

Topics:

Review Session

Readings:

Session 26
19/05/2016
Time: 09:00
Hours of lesson: 2
Instructor: P. Smith

Topics:

Business Combinations

Readings:

  • Melville Chapter 6
  • IFRS 3 Business Combinations
  • IFRS 13
  • Teaching Material on the Course Website
Session 27
26/05/2016
Time: 09:00
Hours of lesson: 2
Instructor: E. Montani

Topics:

Final Test

Readings:


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