FINANCIAL ACCOUNTING (ADVANCED)

Course Sheet

Course code:

COBIAV12

Academic Year of enrolment:

2020

Year of supply:

2022/2023

Divisions:

Matricole Pari

Type of Course:

Characterising

Degree:

Course of 1st Cycle Degree in MANAGEMENT AND ECONOMICS

Disciplinary Sector:

Business Administration

Is part of:

FINANCIAL ACCOUNTING (ADVANCED)

Location:

PESCARA

Credits:

Programme Year:

Professor and Collaborators:

DE LUCA Francesco

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 and accounting and financial statements (basic course) is recommended, with particular reference to the following aspects: economic and financial variables, income and capital, system of interpretation of the facts of the management, double-entry accounting records.

Objectives

General Objective
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 objective is to contribute to the formation of a professional figure (envisaged in the CdS) assigned to the preparation of the financial statements, to the analysis of the summary results, able to propose improvements to the company's decision-making body, both as an internal profile that as a consultant. To this end the course proposes to transmit the following skills and knowledge:

KNOWLEDGE AND UNDERSTANDING ABILITY
- distinguishes the accounting and statutory accounting standards;
- classifies the general postulates and accounting principles and standards in the light of the purposes of the financial statements;
- represents company events in terms of financial flows;
- recognizes the role of the principles in the preparation of the financial statements (transition from accounting balances to financial statement values;
KNOWLEDGE AND UNDERSTANDING (applied)
- prepares the financial statements and the financial statement;
- prepares the consolidated financial statements;
- reclassifies the financial statements based on significant summary aggregates;
- calculates the main balance sheet figures.
AUTONOMY OF JUDGMENT:
- interprets the financial statement results through the use of the main indicators;
- expresses critical considerations on the degree of economic, equity and financial equilibrium of the company.
COMMUNICATION SKILLS:
- uses technical terminology and identifies any action to improve company performance based on summary results, in a professional consulting or private business context;
ABILITY TO LEARN
- carries out individual and group research on specific aspects of the discipline
- compare their skills with the most recent approaches

Contents

1. The passage from the general accounts to the preparation of the financial statements
2. General principles, accounting 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/

For further insights and examples:
SAINAGHI R., Introduzione al bilancio e all’analisi economico-finanziaria, Pearson, Milano, 2021.

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 open/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.
In case of distance teaching activity also in 2022-23 through TEAMS platform, the written test will be executed through the University Elearning moodle supported by a proctoring software.
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. In case of distance teaching activity also in 2022-23 throught TEAMS platform, also the oral exam will be executed through the TEAMS suite after the written test.
The methods for verifying learning are the same for students attending and not attending.

Contacts/More Information

All information regarding the course, the lecture notes, support materials and exercises and all communications will take place through the e-learning page
http://elearning.unich.it/

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Aree