FINANCIAL ACCOUNTING (ADVANCED)

Single discipline educational activity

Course Sheet

Course code:

COBIAV12

Academic Year of enrolment:

2017

Year of supply:

2019/2020

Type of Course:

Characterising

Degree:

Course of 1st Cycle Degree in MANAGEMENT AND ECONOMICS

Disciplinary Sector:

Business Administration

Location:

PESCARA

Divisions:

Cognomi A-D - Professor: DE LUCA Francesco
Cognomi E-Z - Professor: D'ANDREAMATTEO Antonio

Credits:

Programme Year:

Cycle:

First semester

Hours of classroom activity:

Individual study hours:

153

Prerequisites:

Passed exam of economia aziendale.
Passed exam of contabilità e bilancio (corso base).

Objectives

Aims
The course is part of the broader objective of the undergraduate program to provide knowledge about the measurement of business events to achieve measures of economic, financial and capital performance. Specifically, in continuity with the courses of Economia Aziendale e Management and Contabilità e Bilancio (corso base), the course of lessons aims to address in more detail the issues related to the preparation of the financial statements based on the civil code and the Italian accounting principles OIC. Particular attention is devoted to the preparation of the financial statement and the consolidated financial statements. Finally, the main tools of the financial statement analysis for the measurement of company performance are presented.
Expected learning outcomes
Students of the Contabilità e Bilancio (corso avanzato) course will have to acquire, at the end of the course, the knowledge and skills needed to interpret any event that characterizes the company management in compliance with the civil law principles and the national accounting principles OIC and derive from results of the general accounts, the statement of financial statements for the financial year (and consolidated financial statements) relating to the normal corporate administrative year. They will also have to acquire the knowledge necessary to draw up the cash flow statement and determine the financial statement indicators. In terms of autonomy of judgment, therefore, the students of the course must be able to interpret the results of the financial statements in an economic, financial and patrimonial way in a concise manner and, in light of these, express a judgment of equilibrium on the company.
The communication skills assumed by the students reside in the use of technical terminology and in the identification of any intervention actions for the improvement of the company performance on the basis of the synthesis results, in a professional consulting context or private or public company.

Contents

1. The passage from the general accounts to the preparation of the financial statements
2. General principles, accaunting principle and accounting standards for the preparation of financial reports
3. The Italian accounting principles of the OIC and the impact of the reform pursuant to Legislative Decree 139/2015
4. Preparation of the financial report
5. The consolidated financial report
6. The scope of consolidation and consolidation procedures
7. The financial statement analysis for measuring company performance
8. Simulations and application cases

Extended Syllabus

1. The passage from the general accounting to the preparation of the financial statements, the reversing entries and the valuation items; the problem of accrual basis and prudence; the information expectations of the stakeholders and the various categories of stakeholders;
2. General principles, editorial and evaluation criteria for the preparation of the statutory financial statements; the general clause and the hierarchy of civil code principles; the compulsory and optional derogatory system; the role of the assumption of going concern (continuity principle) and the principle of the prevalence of substance over form;
3. The national accounting principles of the OIC and the impact of the reform pursuant to Legislative Decree 139/2015; the change in accounting principles and the impact on company financial statements; the OIC role in the regulatory hierarchy;
4. Preparation of the financial statement; the breakdown of the statement and the areas of operations, finance and investments; direct and indirect method;
5. The consolidated financial statements; prerequisites and drafting obligations; informative function; requirements for exemption;
6. The area of consolidation and consolidation procedures, objective, subjective and entity theory
7. The analysis of financial statements for the measurement of company performance; the reclassification of the balance sheet and the income statement; cost of the product sold, gross profit, operating income, added value, contribution margin and EBITDA; the balance sheet, economic, financial and cash flows indicators;
8. Simulations and application cases.

Recommended Bibliography

1) PAOLONE G., DE LUCA F., Il Bilancio di esercizio, nella teorica evolutiva e nei principi applicativi, Franco Angeli, Milano, 2018;
2) PAOLONE G., D'AMICO L. (eds.), La ragioneria, Giappichelli, Torino, 2018, chapters III, IV and V of the Part 2.

Other selected study staff available at:
http://elearning.unich.it/

Methods of Provision

Conventional

Teaching Methods

The course will be organized in modules of lectures, examination and discussion of business cases and autonomous/guided resolution by students of real accounting issues, as well as seminar sessions with the intervention of privileged testimonials.

Evaluation methods

Verification of learning:

Written exam with multiple choice test (30 questions) and attribution of vote in thirtieths. The questions have equal weight (1 point) and include both descriptive-conceptual elements (accounting principles and civil law), and practical-applicative (measurement, measurement and balance sheet representation of concrete operations), including calculation exercises (financial statement and analysis for budget indicators). To pass the test, you must correctly answer 18 questions out of 30 at least. The written test lasts 50 minutes.
The oral exam on the same subjects covered by the written test, is only optional and allows, where requested and made with profit, to mature up to a maximum of 2 additional points compared to the score achieved in the written test. Any oral test supported without profit will also result in a reduction of up to 2 points in the score achieved on the written test. The oral exam can be held on the same day of the written test following the correction of the latter and the communication of the results.
The methods for verifying learning are the same for students attending and not attending.

Contacts/More Information

n.a.

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Aree