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A86045 Accounting and Financial Reporting
Scuola di Economia e Management
Syllabus
Academic Year 2015/16 Second Semester
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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:
- 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 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:
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| Session 2 25/02/2016 Time: 09:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Financial Analysis: reformulation and ratios Readings:
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| Session 3 29/02/2016 Time: 09:00 Hours of lesson: 3 Instructor: P. Smith | Topics: Financial Analysis: reformulation and ratios Readings:
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| 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:
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| Session 6 10/03/2016 Time: 09:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Costs and Expenses Readings:
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| Session 7 14/03/2016 Time: 09:00 Hours of lesson: 3 Instructor: P. Smith | Topics: Non current assets - Financial assets/Liabilities Readings:
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| Session 8 17/03/2016 Time: 09:00 Hours of lesson: 2 Instructor: E. Montani | Topics: Non-current Assets - Tangible Assets Readings:
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| 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:
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| Session 11 04/04/2016 Time: 09:00 Hours of lesson: 3 Instructor: E. Montani | Topics: Non-current Assets - Intangible Assets Readings:
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| Session 12 07/04/2016 Time: 09:00 Hours of lesson: 2 Instructor: P. Tettamanzi | Topics: Impairment of assets. Review session. Readings:
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| Session 13 11/04/2016 Time: 09:00 Hours of lesson: 2 Instructor: E. Montani | Topics: Review Session Readings:
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| 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:
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| Session 16 19/04/2016 Time: 14:00 Hours of lesson: 2 Instructor: P. Tettamanzi | Topics: Review session
Readings:
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| Session 17 21/04/2016 Time: 09:00 Hours of lesson: 2 Instructor: P. Smith | Topics: Current assets - Accounts Receivable Readings:
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| Session 18 26/04/2016 Time: 14:00 Hours of lesson: 2 Instructor: P. Tettamanzi | Topics: Group Accounts Readings:
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| Session 19 28/04/2016 Time: 09:00 Hours of lesson: 2 Instructor: E. Montani | Topics: Taxation - Direct & Indirect Readings:
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| Session 20 02/05/2016 Time: 09:00 Hours of lesson: 3 Instructor: P. Smith | Topics: Non-Financial Liabilities Readings:
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| Session 21 03/05/2016 Time: 14:00 Hours of lesson: 2 Instructor: P. Tettamanzi | Topics: Review Session Readings:
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| Session 22 05/05/2016 Time: 09:00 Hours of lesson: 2 Instructor: P. Tettamanzi | Topics: Review session Readings:
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| Session 23 09/05/2016 Time: 09:00 Hours of lesson: 3 Instructor: E. Montani | Topics: Cash Flow Statement Readings:
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| 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:
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| Session 27 26/05/2016 Time: 09:00 Hours of lesson: 2 Instructor: E. Montani | Topics: Final Test Readings: |
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