Student guide Facoltà di Economia A.A. 2011/12

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, through theoretical lessons, cases and practical exercises. The issues related to the transition to the new system of accounting principles will also be treated.

-          Presentation of financial statements according to IAS/IFRS

-          Cash Flow Statement

-          Property, plant and equipment

-          Leasing

-          Intangible assets

-          Impairment Test

-          Income taxes

-          Inventory

-          Work in progress

-          Financial instruments

-          Consolidated Financial Statements

 

The assessment is based on a written exam at the end of the course.

For attending students only, the exam is made of two written tests (midterm test plus final test).

Sufficiency in both tests is required to pass the exam.

- W. Dick, F. Missonier-Piera, Financial Reporting under IFRS. A topic based approach, Wiley,  2010.

- P. Tettamanzi (edited by), Principi contabili internazionali. L’adozione degli IAS/IFRS in Italia. Una ricerca empirica, Pearson Education, 2008.

- AA.VV., Principi contabili internazionali, Memento Pratico, Ipsoa-Francis Lefebvre, Milano, 2010.

- Teaching material on the Liuc Website.