FINANCIAL ACCOUNTING (BASIC)

Course Sheet

Course code:

COBI12

Academic Year of enrolment:

2020

Year of supply:

2021/2022

Divisions:

Cognomi A-D

Type of Course:

Characterising

Degree:

Course of 1st Cycle Degree in MANAGEMENT AND ECONOMICS

Disciplinary Sector:

Business Administration

Is part of:

FINANCIAL ACCOUNTING (BASIC)

Location:

PESCARA

Credits:

Programme Year:

Professor and Collaborators:

VERNA Ida

Cycle:

First semester

Hours of classroom activity:

Individual study hours:

153

Prerequisites:

Although no prerequisites are required, knowledge of the basic concepts of business economics is recommended, with particular reference to the following aspects: economic and financial magnitudes, income and capital, system for interpreting management facts.

Objectives

The course pursues the general objective of the course of study to provide knowledge and skills regarding the accounting and administrative function of private companies operating in different sectors. Through the study of accounting principles and techniques, the course aims to convey the theoretical and applicative bases of accounting records of business operations, the functioning of general accounting and the formation of financial statements, in order to favor the correct reading and interpretation of accounting documents to support the company decision-making process

EXPECTED LEARNING RESULTS
At the end of the course the student must possess knowledge and skills related to the functioning of the general accounting, the preparation of the financial statements and the interpretation of the management facts by reading the accounting documents. The objective is to contribute to the formation of a professional figure (envisaged in the Security Council) responsible for accounting and administrative-financial management of private companies, both as an internal profile and as a consultant. To this end the course proposes to transmit the following skills and knowledge:
KNOWLEDGE AND UNDERSTANDING ABILITY
- distinguishes the double entry principles for the interpretation of the facts
company according to the accounting logic

- it distinguishes the different nature, object and functioning of the account items
- recognizes the principles of double entry for accounting records

- recognizes the principles that guide the formation of the budget (for the
placement and interpretation of accounting results in the statements of
budget themselves)
- draw up the main management operations relating to
business facts.
- - understand the operating logics of financial and economic accounts;
understand the facts of management and describe them according to the accounting language

- Read and interpret the financial statements in terms of economic, equity and financial balance conditions.

To this end the course proposes to transmit the following skills and
knowledge in terms of particular objectives:
KNOWLEDGE AND UNDERSTANDING (applied)

- Double-entry the management operations related to purchases and
sales on national and international markets
- detects the management operations relating to loans in a double entry
drawn and granted
- distinguishes the conditions for the application of taxation and notes
in double entry the relative transactions
- determines the operating income and the working capital;
- prepare the financial statements;
- recognizes and applies the double entry principles in accounting records;

AUTONOMY OF JUDGMENT:
- translates the accounting logic into the financial statement and makes connections
between management transactions recorded in double entries and balance sheet items

- interprets the facts of management (eg sending products to customers) of companies operating in different sectors (industry and services) through accounting logics (eg revenues, credits, money ..);
- connects the financial and economic aspects of management;
- evaluates the corporate balance in a first approximation.
- expresses first critical considerations on the budgetary evidence.
- expresses analytical and summary considerations on the aspects in oral form
fundamental principles of the discipline and makes interdisciplinary connections.
COMMUNICATION SKILLS:
- uses the technical language - accounting;

Contents

Accounting information and bookkeping
Interpretation system of business operations
Accounting models: account, double entry method, the system of accounting entry
General accounting records: initial, ongoing, final, trial balance
The financial statement: theoretical principles, law rules and accounting standards, the process of formation and publication
Contents and structure of income statement and balance sheet

Extended Syllabus

The assessment of the level of learning will be carried out with the use of a written test and a subsequent oral test. The written test is divided into exercises relating to the continuous accounting records of a typical company, the final accounting entries for the year and the subsequent preparation of the income statement and balance sheet. This test has a duration of 2 hours and is aimed at probing above all "the knowledge" and the "know-how" (Dublin Descriptors 1 and 2). It represents 70% of the valuation of the company information subsystem and the quantitative company surveys;
The system for interpreting company facts;
The accounting models used to record corporate events: the account, the accounting principles
double entry, the system of systematic surveys
General accounting records:
- Constitution deeds: partnerships, sole proprietorships,
joint stock company
- Continuous management records: VAT, purchases and sales;
- Changes in capital and obtaining financing with the
bond of the loan: discount of effects, mortgages, bank advances,
bond loan;
- Taxes levied on business income;
- The final closing entries and the audit report: settlement of the
accounts, epilogue entries and closure;
The financial statements of corporations:
- The civil and national and international accounting standards,
- The structure and content of the financial statements;
- The procedure for preparing and publishing the financial statements.
overall ion (expressed in thirtieths) articulated in relation to the educational objectives to be evaluated.
The oral exam (30% of the overall evaluation) is aimed at probing the learner on the one hand the communication skills, on the mastery of the language (not only the specific technical one of the reference subject) and on the clarity of the exposition, on the other hand the interpretation skills and analysis of accounting and summary operations in the financial statements.
The examination procedures are the same for attending and non-attending students.

Recommended Bibliography

G. PAOLONE, F. De Luca, Il bilancio di esercizio nella teorica evolutiva e nei principi applicativi, Franco Angeli, Milano, in stampa
G. PAOLONE, F. DE LUCA, Le rilevazioni sistematiche di contabilità generale, Franco Angeli,2010
Lombardi Stocchetti G. (a cura di), Basic Financial Accounting. Rilevazioni e analisi di bilancio, Guerini Next, Milano, 2017
Dispense integrative a cura del docente disponibili nella piattaforma E-learning del corso.

Teaching Methods

The course includes 72 hours of lessons divided into 3 weekly lessons of 2 hours.
The organization of the course is carried out based on "listening", an experimental model for the continuous improvement of the quality of university teaching. The course will be organized in modules whose lessons will focus mainly on the use of the following teaching methods: lectures, exercises, analysis of case studies. The exercises will be carried out both in the classroom and at a distance through the e-learning platform. Attendance is strongly recommended.

Evaluation methods

Verification of learning:

Contacts/More Information

All information concerning the course, the lecture notes, the support materials and the exercises and all communications will take place through the e-learning page
EraSMUS students are invited to contact the teacher for their program.

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Aree