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A86045 Accounting and Financial Reporting
Scuola di Economia e Management
Syllabus
Academic Year 2013/14 Second Semester
Learning Objectives
At the end of the course the student will be able to:
- read and interpret Financial Statements of companies applying international accounting standards;
- identify and evaluate the impact on the companies’ accounts of alternative accounting methods;
- assess the economic-financial position of a company.
Learning targets
At the end of the course the student will be able to:
- read and interpret Financial Statements of companies applying international accounting standards;
- identify and evaluate the impact on the companies’ accounts of alternative accounting methods;
- assess the economic-financial position of a company.
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:
- 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;
- following this, the IAS/IFRS for the major items of revenue, expense, 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 0 Hours of lesson: 0 Instructor: | Topics: Readings: |
| Session 1 18/02/2014 Time: 09:00 Hours of lesson: 3 Instructor: P. Smith | Topics: Financial Reporting Under IFRS Readings:
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| Session 2 20/02/2014 Time: 09:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Financial Analysis Readings:
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| Session 3 21/02/2014 Time: 11:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Review session
Readings:
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| Session 4 25/02/2014 Time: 09:00 Hours of lesson: 3 Instructor: P. Smith | Topics: Revenues Readings:
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| Session 5 27/02/2014 Time: 09:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Costs and Expenses Readings:
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| Session 6 04/03/2014 Time: 09:00 Hours of lesson: 3 Instructor: P. Smith | Topics: Non-current Assets - Intangible Assets Readings:
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| Session 7 06/03/2014 Time: 09:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Non-current Assets - Tangible Assets, and Financial Assets Readings:
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| Session 8 11/03/2014 Time: 09:00 Hours of lesson: 3 Instructor: P. Smith | Topics: Impairment of assets Readings:
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| Session 9 13/03/2014 Time: 09:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Review Session Readings:
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| Session 10 18/03/2014 Time: 09:00 Hours of lesson: 3 Instructor: P. Smith | Topics: Current Assets - Inventories Readings:
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| Session 11 20/03/2014 Time: 09:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Current assets - Accounts Receivable Readings:
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| Session 12 25/03/2014 Time: 09:00 Hours of lesson: 3 Instructor: P. Smith | Topics: Non-Financial Liabilities Readings:
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| Session 13 27/03/2014 Time: 09:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Review session
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| Session 14 31/03/2014 Time: 09:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Mid-term Test Readings: |
| Session 15 08/04/2014 Time: 09:00 Hours of lesson: 3 Instructor: P. Smith | Topics: Financing Including Leases Readings:
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| Session 16 15/04/2014 Time: 09:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Review Session Readings:
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| Session 17 15/04/2014 Time: 09:00 Hours of lesson: 3 Instructor: P. Smith | Topics: Taxation - Direct & Indirect Readings:
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| Session 18 17/04/2014 Time: 09:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Review session Readings:
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| Session 19 29/04/2014 Time: 09:00 Hours of lesson: 3 Instructor: P. Smith | Topics: Group Accounts Readings:
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| Session 20 06/05/2014 Time: 09:00 Hours of lesson: 3 Instructor: P. Smith | Topics: Business Combinations Readings:
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| Session 21 08/05/2014 Time: 09:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Review session
Readings:
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| Session 22 13/05/2014 Time: 09:00 Hours of lesson: 3 Instructor: P. Smith | Topics: Cash Flow Statement Readings:
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| Session 23 15/05/2014 Time: 09:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Review Session Readings:
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| Session 24 20/05/2014 Time: 09:00 Hours of lesson: 3 Instructor: P. Smith | Topics: Fair Value Readings:
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| Session 25 22/05/2014 Time: 09:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Review Session Readings:
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| Session 26 26/05/2014 Hours of lesson: 2 Instructor: P. Smith | Topics: Final Test - Date and time yet to be determined Readings: |
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