A85677 International Financial Reporting

Scuola di Economia e Management
Laboratorio Esperienziale
Academic Year 2017/18 Second Semester

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

The course is reserved to students who will request it, after an interview with the teacher.

Learning Objectives

Students will receive full Financial Statements of a company, issued according to the Italian Civil Code and to Italian GAAPs, and will work with the objective of implementing the first adoption of IAS/IFRS.

The workshop intends to develop the operating capability of the students, allowing them to put into practice the knowledge acquired during the “International Financial Reporting” course. The course is in English language; the workshop could be held in English or in Italian, according to students’ capabilities. Students will have at disposal any kind of accounting information included in the Financial Statements and will have to transform the Italian Financial Statements into IAF/IFRS Financial Statements.

Required Readings

Please see the course material.

Course Evaluation

A final test will be held, consisting in topics dealt with during the workshop, which may result in an upgrade of 1 to 3 points to the grade obtained in the examination.

Syllabus

Session 1
17/04/2018
Time: 14:00
Hours of lesson: 2
Instructor: S. Castoldi

Topics:

  • Case study presentation. Financial statements of a company will be given to the students, who will need to transform them according to IAS/IFRS, and key critical areas will be discussed with them.

Readings:

Hand outs provided by the teacher.

Session 2
02/05/2018
Time: 14:00
Hours of lesson: 4
Instructor: P. Tettamanzi

Topics:

  • IAS/IFRS Financial Statements drafting. Students will reclassify Financial Statements based on Italian GAAPS according to the IAS/IFRS Scheme (IAS 1) and will play Financial Statements evaluator/drafter roles.

Readings:

Hand outs provided by the teacher.

Session 3
04/05/2018
Time: 14:00
Hours of lesson: 4
Instructor: P. Tettamanzi

Topics:

  • IAS/IFRS Financial Statements drafting (continued). Continuation and final drafting of the Financial Statements according to IAS/IFRS. Financial statements items will be reviewed and their impact with reference to IAS/IFRS adoption will be analysed (items to be analysed will be evaluated according to the selected case). Students will have to make choices between different options available (e.g. cost model and revaluation model), will have to identify CGUs and to implement impairment tests, etc.

 

Readings:

Hand outs provided by the teacher.

Session 4
11/05/2018
Time: 14:00
Hours of lesson: 3
Instructor: P. Tettamanzi

Topics:

  • Drafting of explanatory notes to IAS/IFRS Financial Statements. Preparation of the prospect of reconciliation of  equity according to Italian GAAPs and to IAS/IFRS with comments on the differences. Brief notes on opening effects on equity and net income.

Readings:

Hand outs provided by the teacher.

Session 5
16/05/2018
Hours of lesson: 3
Instructor: S. Castoldi

Topics:

  • Presentation and discussion of the work. Preparation of a presentation by each group on the work done.

Readings:

Hand outs provided by the teacher.


in order to have access to the complete syllabus please enter on the student self service