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Course 2020-2021 a.y.

30426 - BILANCIO - MODULO 1 / ACCOUNTING AND FINANCIAL STATEMENT ANALYSIS - MODULE 1

Department of Accounting

For the instruction language of the course see class group/s below

Go to class group/s: 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10 - 11 - 12 - 15 - 16 - 17 - 18 - 21 - 22

CLEAM (5 credits - I sem. - OBBC  |  SECS-P/07) - CLEF (5 credits - I sem. - OBBC  |  SECS-P/07)

Classi: 1 (I sem.) - 2 (I sem.) - 3 (I sem.) - 4 (I sem.) - 5 (I sem.) - 6 (I sem.) - 7 (I sem.) - 8 (I sem.) - 9 (I sem.) - 10 (I sem.)
Docenti responsabili delle classi:
Classe 1: GIANLUCA LOMBARDI STOCCHETTI, Classe 2: MANUEL MENIS, Classe 3: SUSJ CASTENETTI, Classe 4: PAOLA ALESSANDRA PARIS, Classe 5: MARA CAMERAN, Classe 6: LUCA SINTONI, Classe 7: EMILIA PIERA MERLOTTI, Classe 8: IDA D'ALESSIO, Classe 9: LORENZO POZZA, Classe 10: PIETRO ALBERICO MAZZOLA

Classe/i impartita/e in lingua italiana

Class-group lessons delivered online

Conoscenze pregresse consigliate

Per frequentare con profitto, si suggerisce di possedere le conoscenze degli elementi fondamentali di economia aziendale, mentre non è richiesta alcuna conoscenza approfondita della tecnica contabile di partita doppia.


Mission e Programma sintetico
MISSION

La finalità generale delle aziende si esprime nella capacità di mantenere nel tempo una piena funzionalità (durabilità) e nella capacità di evitare il ricorso sistematico a interventi di sostegno da parte dei soci e/o dei creditori (autonomia). Per operare secondo queste linee guida è necessario raggiungere simultaneamente un equilibrio reddituale, patrimoniale e finanziario, cioè rispettare il principio di economicità. Il rispetto o meno, di tale principio deve essere valutato sulla base di determinazioni quantitative che trovano nel bilancio d’esercizio la loro sintesi più significativa. L’insegnamento si propone di favorire l’apprendimento in merito alla composizione, alla redazione e all’interpretazione del bilancio periodico d’esercizio.

PROGRAMMA SINTETICO

L’insegnamento è impartito in due moduli (1° semestre cod. 30426 e 2° semestre cod. 30427) che costituiscono un unico percorso didattico.I contenuti dell’insegnamento (nel suo complesso, e quindi considerando entrambi i moduli) sono focalizzati sulle seguenti aree tematiche:

  • Il sistema di contabilità generale e la composizione del bilancio d’esercizio.
  • La redazione del bilancio d’esercizio secondo quanto previsto dal codice civile.
  • La valutazione dei valori stimati e congetturati di fine esercizio.
  • Introduzione al bilancio consolidato.
  • L’analisi di bilancio tramite riclassificazione e indici di bilancio.
  • La costruzione del rendiconto finanziario.

Più specificatamente, il primo modulo (cod. 30426) affronta le tematiche che seguono:

  • La composizione del bilancio d’esercizio tramite scritture contabili, le scritture di apertura dei conti e la destinazione del risultato economico.
  • La redazione del bilancio d’esercizio secondo quanto previsto dal codice civile (principi di redazione e schemi di rappresentazione).
  • La valutazione dei valori stimati e congetturati di fine esercizio relativi alle rimanenze di magazzino, ai ricavi e al rischio di credito, alle operazioni in valuta e al rischio di cambio.

Risultati di Apprendimento Attesi (RAA)
CONOSCENZA E COMPRENSIONE
Al termine dell'insegnamento, lo studente sarà in grado di...
  • Illustrare le nozioni fondamentali sottostanti alla composizione del bilancio di esercizio (equazione di bilancio);
  • Descrivere le principali operazioni di gestione utilizzando il linguaggio contabile della partita doppia;
  • Distinguere gli elementi critici sottostanti alla formazione delle singole scritture in partita doppia;
  • Riconoscere la necessità di svolgere scritture di assestamento nel rispetto del principio di competenza;
  • Elencare ed illustrare i postulati del bilancio di esercizio;
  • Illustrare le logiche alla base degli schemi di bilancio previsti dal Codice Civile;

  • Identificare le problematiche valutative insite nei valori stimati e congetturati;
  • Verificare l’adeguatezza dei processi di valutazione di alcuni valori iscritti in bilancio (rimanenze a magazzino, ricavi, crediti e operazioni in valuta).
CAPACITA' DI APPLICARE CONOSCENZA E COMPRENSIONE
Al termine dell'insegnamento, lo studente sarà in grado di...
  • Svolgere scritture contabili in partita doppia inerenti le principali operazioni di gestione.
  • Redigere le principali scritture di assestamento (ammortamento, accantonamento, rilevazione di ratei, risconti, fatture da emettere e da ricevere, rimanenze di magazzino).
  • Comporre un bilancio d’esercizio, nel rispetto del principio di competenza.
  • Riclassificarlo secondo quanto previsto dalla normativa civilistica.
  • Risolvere i problemi di valutazione delle rimanenze a magazzino, applicando differenti metodologie.
  • Formulare ipotesi sul momento in cui sorgono i ricavi di vendita ed i correlati crediti di funzionamento.
  • Analizzare il rischio di credito.
  • Contabilizzare le operazioni in valuta estera e rappresentare il rischio di cambio.

Modalità didattiche
  • Lezioni frontali
  • Lezioni online
  • Esercitazioni (esercizi, banche dati, software etc.)
  • Lavori/Assignment individuali
DETTAGLI

Oltre che fornire una buona preparazione in materia di contabilità e bilancio, obiettivo dell’insegnamento è stimolare una progressione nelle competenze che poggi prevalentemente sulla comprensione delle logiche alla base delle metodologie sviluppate e non solo su un apprendimento mnemonico.
Per questo motivo una continua e attenta partecipazione alle lezioni è fortemente consigliata. Anche se non obbligatoria, la frequenza verrà comunque verificata tramite la procedura di Attendance , a soli fini di sicurezza in ambito Covid-19.
La didattica prevede un approccio induttivo-deduttivo alternando l’esposizione di concetti teorici ad applicazioni concrete: in particolare, al termine di ogni sezione principale del corso vengono proposte esercitazioni in preparazione all'esame. Per garantire continuità nel processo di apprendimento, lo studente ha a disposizione slide animate e video didattici utili al ripasso e alla sistematizzazione delle conoscenze esposte durante le lezioni frontali, nonché esercitazioni e test di autovalutazione on line predisposti in modo da facilitare un apprendimento progressivo delle tematiche affrontate a lezione.


Metodi di valutazione dell'apprendimento
  Accertamento in itinere Prove parziali Prova generale
  • Prova individuale scritta (tradizionale/online)
  •     x
  • Assignment individuale (relazione, esercizio, dimostrazione, progetto etc.)
  • x    

    Materiali didattici
    STUDENTI FREQUENTANTI E NON FREQUENTANTI

    Il contenuto del programma è approfondito nei seguenti libri di testo:

    • Basic Financial Accounting - a cura di Lombardi Stocchetti G. - Guerini Next, Milano, 2019 (NUOVA EDIZIONE);
    • Valutazioni di bilancio - a cura di Lombardi Stocchetti G. - Pearson, Milano, 2019 (Edizione aggiornata a quanto disposto dal D.Lgs. 139/2015 e dai nuovi principi OIC 2017);

     

    Ulteriore materiale didattico (SLIDE, ESERCIZI, VIDEO DIDATTICI, ESERCITAZIONI E TEST ON-LINE) è disponibile tramite accesso alla piattaforma Blboard dell’Università.

    Gli studenti che intendono esercitarsi svolgendo esercizi aggiuntivi rispetto a quanto disponibile sulle piattaforme on-line possono utilizzare i seguenti testi (entrambi i volumi raccolgono esercizi tratti da prove d’esame degli anni precedenti):

    • Le rilevazioni contabili: esercizi - a cura di Lombardi Stocchetti G., Merlotti E., Paris P. - EGEA Milano, 2019.
    • Le valutazioni di bilancio e il bilancio consolidato: esercizi - a cura di Lombardi Stocchetti G., Merlotti E., Paris P. - Egea, Milano, 2019.

     

    Tali volumi raccolgono esercizi tratti da prove d’esame degli anni precedenti.

    Modificato il 22/07/2020 16:04

    CLEACC (5 credits - I sem. - OB  |  SECS-P/07)
    Course Director:
    NICOLA PECCHIARI

    Classi: 11 (I sem.)
    Docenti responsabili delle classi:
    Classe 11: FRANCO FLAVIO MIROGLIO

    Classe/i impartita/e in lingua italiana

    Class-group lessons delivered  on campus

    Conoscenze pregresse consigliate

    Nessun prerequisito è richiesto.


    Mission e Programma sintetico
    MISSION

    Il corso costituisce il primo modulo dell'insegnamento istituzionale che sviluppa i fondamenti primi di ordine economico-aziendale in materia di teoria e di metodologie attinenti alla composizione e alla lettura del bilancio d'esercizio. Il primo modulo, in particolare, si sofferma sulle modalità di formazione del bilancio e sulla composizione degli schemi di bilancio previsti dalla normativa civilistica.

    PROGRAMMA SINTETICO

    I contenuti complessivi dell’insegnamento (codici 30426 e 30427) sono focalizzati sulle seguenti aree tematiche:

    • Il sistema di contabilità generale e la composizione del bilancio d’esercizio.
    • Le rilevazioni contabili con riferimento ai principali accadimenti di gestione (acquisti, vendite, investimenti, retribuzioni, finanziamenti) ed alle rettifiche di fine esercizio.
    • La redazione del bilancio d’esercizio secondo quanto previsto dal Codice Civile.
    • La valutazione dei valori stimati e congetturati di fine esercizio: i Principi Contabili.
    • Introduzione al bilancio consolidato.
    • L’analisi di bilancio tramite riclassificazione e indici di bilancio.
    • La costruzione del rendiconto finanziario.

     

    L’insegnamento è impartito in due moduli (1° semestre cod. 30426 e 2° semestre cod. 30427) che costituiscono un unico percorso didattico.

    Più specificatamente, il primo modulo (cod. 30426) affronta le tematiche che seguono:

    • La composizione del bilancio d’esercizio tramite scritture contabili, le scritture di apertura dei conti e la destinazione del risultato economico.
    • La redazione del bilancio d’esercizio secondo quanto previsto dal codice civile (principi di redazione e schemi di rappresentazione).
    • La valutazione dei valori stimati e congetturati di fine esercizio relativi alle rimanenze di magazzino e alle immobilizzazioni materiali e immateriali.

    Risultati di Apprendimento Attesi (RAA)
    CONOSCENZA E COMPRENSIONE
    Al termine dell'insegnamento, lo studente sarà in grado di...
    • Comprendere come, attraverso la tecnica della partita doppia, si rappresentano in bilancio le principali operazioni di gestione e, tramite lo svolgimento di scritture di assestamento, si determina il risultato economico di competenza di un esercizio.
    • Comprendere i postulati di bilancio anche ai sensi della normativa civlistica.
    • Comprendre la struttura del bilancio destinato a pubblicazione.
    • Comprendere i principi di valutazione delle rimanenze e delle immobilizzazioni materiali e immateriali.
    CAPACITA' DI APPLICARE CONOSCENZA E COMPRENSIONE
    Al termine dell'insegnamento, lo studente sarà in grado di...
    • Effettuare le rilevazioni contabili con riferimento ai principali accadimenti di gestione.
    • Saper leggere il contenuto del bilancio destinato a pubblicazione.

    Modalità didattiche
    • Lezioni frontali
    • Esercitazioni (esercizi, banche dati, software etc.)
    • Analisi casi studio / Incidents guidati (tradizionali, multimediali)
    DETTAGLI

    Sono previste esercitazioni facoltative da svolgere mediante una piattaforma online. Trattasi di esercizi di autovalutazione utili per migliorare la preparazione all'esame finale.


    Metodi di valutazione dell'apprendimento
      Accertamento in itinere Prove parziali Prova generale
  • Prova individuale scritta (tradizionale/online)
  •     x
    STUDENTI FREQUENTANTI E NON FREQUENTANTI

    L’esame di profitto si svolge esclusivamente in forma scritta, tramite prova generale da sostenere al termine del semestre, secondo quanto previsto dal calendario accademico pubblicato sull’agenda dello studente. Non sono previste prove parziali.


    Materiali didattici
    STUDENTI FREQUENTANTI E NON FREQUENTANTI

    Il contenuto del programma è approfondito nei seguenti libri di testo (utili per entrambi i moduli 30426 e 30427):

    • G. LOMBARDI STOCCHETTI (a cura di), Basic Financial Accounting, Guerini Next, Milano, edizione più recente;
    • G. LOMBARDI STOCCHETTI (a cura di), Valutazioni di bilancio, Pearson, Milano, edzione più recente.

    Ulteriore materiale didattico (SLIDE, ESERCIZI, ESERCITAZIONI E TEST ON-LINE) è disponibile tramite accesso alla piattaforma Bboard dell’Università.

    Modificato il 17/07/2020 14:48

    BIEF (5 credits - I sem. - OBBC  |  SECS-P/07) - BIEM (5 credits - I sem. - OBBC  |  SECS-P/07)
    Course Director:
    LUCA SIMONE SCARANI

    Classes: 15 (I sem.) - 16 (I sem.) - 17 (I sem.) - 18 (I sem.) - 21 (I sem.) - 22 (I sem.)
    Instructors:
    Class 15: LUCA SIMONE SCARANI, Class 16: PRAJAKTA DESAI, Class 17: EMILIA PIERA MERLOTTI, Class 18: LUCA SIMONE SCARANI, Class 21: PRAJAKTA DESAI, Class 22: MILES BERNARD GIETZMANN

    Class group/s taught in English

    Class-group lessons delivered online

    Suggested background knowledge

    To feel comfortable in this course students should be familiar with the notions of a Management course. At beginning of the course, it is not expected any knowledge about the double-entry accounting system. Please, keep in mind that Accounting 1 has no prerequisites, but it is a prerequisite for Accounting 2, so you have to pass Accounting 1 in a precedent, or in the same, exam period ("sessione") to have your Accounting 2 grade registered.


    Mission & Content Summary
    MISSION

    Accounting is the language of business, an important means of communication among various business parties. Among others, financial accounting speaks mainly to external information users, such as investors and financial analysts, who make decisions for many different purposes using the accounting information revealed in financial statements. Accounting 1 (30426) is the first Module of two (Accounting Module 2 is 30427); the aim of this course, overall, is to let students achieve knowledge and skills in respect of financial statements preparation, covering all basic accounting topics. In particular, students learn: - How to read and interpret main business transactions. - How to apply the double – entry bookkeeping techniques. - How to evaluate the main accounting items. - How to prepare a cash flow statement. - How to prepare a set of separate and consolidated financial statements. How to make a F/S reclassification and analysis. That said, the mission of this specific course is to provide to students the basic Accounting skills, focusing on the double-entry bookkeeping techniques and their application in the main transactions involving the accounts of the entities.  At the end of both courses 30426 and 30427, students should be able to manage, at a basic level, all the issues related to Financial Accounting.

    CONTENT SUMMARY

    The content of the course, overall (30426 and 30427), can be summarized as follows:

    1. Understand the accounting methodology with reference to data gathering, processing, classification and recording using the "accounting equation" (A = L + SE) and then the double-entry accounting system.
    2. Understand the techniques at the basis of financial reporting preparation (preparation of journal entries on the basis of the accrual principle, going concern principle,...). 
    3. Understand the adjusting entries and identify the areas which are particularly subject to managerial discretion.
    4. Correctly evaluate the main financial statement items, according to law and to accounting principles:
      • Accounting for revenues and receivables.
      • Accounting for inventories.
      • Accounting for non-current tangible and intangible assets.
      • Accounting for liabilities and bonds.
      • Accounting for owners'equity.
      • Accounting for investments in other corporations.
    5. Compute and account for income taxes.
    6. Prepare a cash flow statement.
    7. Reclassify the F/S items according to different methodologies.
    8. Analyze F/S with ratios.
    9. Prepare consolidated financial statements.

    The course makes reference, where necessary, to International Financial Reporting Standards (IAS/IFRS) and to the main differences compared to US GAAP.

    • Accounting Module 1 30426 covers topics under items 1 to 4 of the above list (up to bonds).
    • Accounting Module 2 30427 covers topics under 4 (cont'd from owners'equity) to 9 of the above list.

    Intended Learning Outcomes (ILO)
    KNOWLEDGE AND UNDERSTANDING
    At the end of the course student will be able to...
    • Understand the techniques at the basis of financial reporting preparation.
    • Describe the accounting methodology with reference to data gathering, processing, classification.
    • Identify the critical elements underlying the application of the double-entry accounting system.
    • Discern whether there is the need to prepare any adjusting entry on an accrual basis, identifying the areas which are particularly subject to managerial discretion.
    • list and explain the general accounting principles underlying the preparation of the set of financial statements.
    • Summarize and illustrate the theoretical tools needed to evaluate the following main financial statement items, according to law and to accounting principles:
      • Revenues and receivables.
      • Inventories.
      • Non-current tangible and intangible assets.
      • Liabilities and bonds.
    APPLYING KNOWLEDGE AND UNDERSTANDING
    At the end of the course student will be able to...
    • Use the "accounting equation" and then apply the double-entry accounting system.
    • Prepare the periodical and adjusting entries for basic transactions.
    • Compose a full set of financial statements on the basis of simple transactions as above listed.
    • Analyze, evaluate, calculate and prepare the journal entries related to the following financial statement items, according to law and to accounting principles:
      • Revenues and receivables.
      • Inventories.
      • Non-current tangible and intangible assets.
      • Liabilities and bonds.

    Teaching methods
    • Face-to-face lectures
    • Online lectures
    • Exercises (exercises, database, software etc.)
    • Case studies /Incidents (traditional, online)
    DETAILS

    It is a "basic" course, hence the learning experience is mainly based on face-to-face lectures.Notwithstanding the above, lessons are interactive, as accounting is a very practical course: real-life cases are presented during teaching, with the goal of linking the explanation to the “real world of business and accounts”.

    • After each set of lectures regarding a certain topic, review sessions are discussed in class: the goal of the review session consists in showing the students how to approach the preparation of journal entries and all other tasks concerning Accounting.
    • To actively participate to review sessions, students need to use their communication and interpersonal skills.
    • Additional materials (exercises, slides, et cetera) useful to get trained for the exam are posted on Bboard.

    Assessment methods
      Continuous assessment Partial exams General exam
  • Written individual exam (traditional/online)
  • x   x
  • Active class participation (virtual, attendance)
  • x   x
    ATTENDING STUDENTS

    The final grade of the course, which is registered in the students’career, is determined as the average of the exams 30426 and 30427 grade. Students must register to seat for the exam.

    • All students are graded on a written, comprehensive exam (there are no partial exams), which is based on a mix of open questions, closed questions and exercises, which aims to assess the student’s learning level of the theoretical notions and the main concepts, methods and tools shared in the course. Final grade is rounded.
    • Students are graded according to many different options presented below. In fact, there are two different “bonuses” applicable. Here below bonuses are summarized and a more detailed description will be provided at beginning of the course on Bboard.
    • Written exam. At the end of the term, all students have a written exam, which is graded on a 30,00 points basis. The exam, broadly, may be divided into two sections:
      1. First section: closed-ended questions (MC and “fill in the blank” or other types of closed-ended questions) aimed at assessing the knowledge and understanding of the students, as follows:
        • Knowledge of the accounting methodology with reference to data gathering, processing, classification.
        • Ability to identify the critical elements underlying the application of the double-entry accounting system.
        • Ability to identify and describe the criteria needed to prepare any adjusting entry on an accrual basis.
        • Knowledge of the general accounting principles underlying the preparation of the set of financial statements.
        • Ability to summarize and illustrate the theoretical tools needed to evaluate:
          • Revenues and receivables.
          • Inventories.
          • Non-current tangible and intangible assets.
          • Liabilities and bonds.
      2. Second section: open-ended questions (journal entries or other types of open-ended questions, id est exercises) aimed at assessing the application of the knowledge and understanding of the students, as follows:
        • Ability to use the "accounting equation" and to apply the double-entry accounting system.
        • Ability to prepare the periodical and adjusting entries for basic transactions.
        • Ability to compose a full set of financial statements on the basis of simple transactions as above listed.
        • Ability to analyze, evaluate, calculate and prepare the journal entries related to the following financial statement items, according to law and to accounting principles:
          • Revenues and receivables.
          • Inventories.
          • Non-current tangible and intangible assets.
          • Liabilities and bonds
    • Bonuses attendance: Attendance of students is assessed through the “Attendance” procedure. To be considered “attending”, students are required to be present on more than 75% of lessons (at least 17 lectures over 22). An attendance registered “late” is not valid. If students attend more than 75% of lessons, they achieve a “bonus attendance”. The “bonus attendance” consists in ADDITIONAL + 1,00 point, which will be added to the points scored in the “written exam”.
    • Bonus quizzes. During the course, 2 "in class" short quizzes are given to the students via Bboard. These tests consist of either (or a combination of) multiple choices and closed-ended questions. They approximately last 15 minutes and their main goal is to foster continuous assessment and participation. The release date of the quizzes is scheduled at the beginning of the following lessons:
      • Quiz 1: final lesson before the break for partial exams.
      • Quiz 2: final lesson of the course.
      • Each of the two tests is graded between 0,00 and 3,50 points. Then points of the two quizzes are added up (if a student is absent on one date of the quiz, points are zero for that single quiz and total points coincide quith points of the single quiz carried out). This way, a student can achieve up to 7,00 points as “bonus quizzes”.
    • Such (up to) 7,00 “bonus points” give the students the following: on the date of the exam, they are allowed TO SKIP one exercise (among a set of exercises included the exam) which is automatically graded with the points scored in the quizzes. In other words, these (up to) 7 points are ALTERNATIVE in respect to an exercise of the exam. Hence, all students who are happy with their result achieved in the “bonus quizzes” have an exam on 23 point basis, as they automatically get “bonus points” in one exercise. In other words, these points are not “in addition to” the grade of the exam, but rather these points are “substitutive” of an exercise in the exam which is weighed 7 points. Otherwise, whether a student is unhappy with the points achieved in the “bonus quizzes”, he/she is allowed to make the exercise in the exam. The grade of the exercise of the exam overrides the points scored in the Bonus Quizzes.
    NOT ATTENDING STUDENTS

    Please refer to the paragraph "attending students" and consider what follows.

    • Not attending students (as above defined) have a written exam, which is the same of attending students, on a 30 points basis. 
    • Moreover, not attending students can get the "bonus quizzes" by attending the whole lectures in which the quiz will be deployed. Nobody can make the quiz at home; any violation is considered as a violation of the "attendance" system.
    • In other words, the only difference between "attending" and "not-attending" students is the "bonus attendance" which cannot be achieved by not attending students.

    Teaching materials
    ATTENDING AND NOT ATTENDING STUDENTS

    The course material is exclusively represented by:

    • LIBBY, LIBBY, HODGE, Financial Accounting, McGraw-Hill, International Edition, 2016, 9th edition. More detailed information on chapters included and excluded are posted on Bboard during course.
    • Slides - provided through Bboard.
    • The course materials (e.g., hands outs and teaching notes) are regularly downloadable from Bboard platform. Teachers make the materials available throughout the course.
    Last change 27/07/2020 12:19

    CLEACC (5 credits - I sem. - OB  |  SECS-P/07)
    Course Director:
    NICOLA PECCHIARI

    Classes: 12 (I sem.)
    Instructors:
    Class 12: PRAJAKTA DESAI

    Class group/s taught in English

    Class-group lessons delivered  on campus

    Suggested background knowledge

    To feel comfortable in this course students should be familiar with the notions of a Management course. At beginning of the course, it is not expected any knowledge about the double-entry accounting system.


    Mission & Content Summary
    MISSION

    Accounting is the language of business, an important means of communication among various business parties. Among others, financial accounting speaks mainly to external information users, such as investors and financial analysts, who make decisions for many different purposes using the accounting information revealed in financial statements. Accounting 1 (30426) is the first Module of two (Accounting Module 2 is 30427); the aim of this course, overall, is to let students achieve knowledge and skills in respect of financial statements preparation, covering ali basi e accounting topics. In particular, students learn: - How to read and interpret main business transactions. - How to apply the double - entry bookkeeping techniques. - How to evaluate the main accounting items. - How to prepare a cash flow statement. How to prepare a set of separate and consolidated financial statements. - How to make a F/S reclassification and analysis. That said, the mission of this specific course (30426 - Accounting Module 1) is to provide to students the basic Accounting skills, focusing on the double-entry bookkeeping techniques and their application in the main transactions involving the accounts of the entities. At the end of both courses 30426 and 30427, students should be ab le to manage, at a basic level, all the issues related to Financial Accounting.

    CONTENT SUMMARY

    The content of the course, overall (30426 and 30427), can be summarized as follows:

    1. Understand the accounting methodology with reference to data gathering, processing, classification and recording using the "accounting equation" (A= L + SE) and then the double-entry accounting system.
    2. Understand the techniques at the basis of financial reporting preparation (preparation of journal entries on the basis of the accrual principle, going concern principle, ... ).
    3. Understand the adjusting entries and identify the areas which are particularly subject to managerial discretion.
    4. Correctly evaluate the main financial statement items, according to law and to accounting principles: revenues and receivables, inventories, non-current tangible and intangible assets, liabilities and bonds, owners'equity, investments in other corporations.
    5. Compute and account for income taxes.
    6. Prepare a cash flow statement.
    7. Reclassify the F/S items according to different methodologies.
    8. Analyze F/S with ratios.
    9. Prepare consolidated financial statements.

     

    The course makes reference, where necessary, to lnternational Financial Reporting Standards (IAS/IFRS) and to the main differences compared to US GAAP.

    • Accounting Module 1 30426 covers topics under items 1 to 4 of the above list (up to bonds).
    • Accounting Module 2 30427 covers topics under 4 (cont'd from owners'equity) to 9 of the above list.

    Intended Learning Outcomes (ILO)
    KNOWLEDGE AND UNDERSTANDING
    At the end of the course student will be able to...
    • Understand the techniques at the basis of financial reporting preparation.
    • Describe the accounting methodology with reference to data gathering, processing, classification.
    • ldentify the critical elements underlying the application of the double-entry accounting system.
    • Discern whether there is the need to prepare any adjusting entry on an accrual basis, identifying the areas which are particularly subject to managerial discretion.
    • List and explain the general accounting principles underlying the preparation of the set of financial statements.
    • Summarize and illustrate the theoretical tools needed to evaluate the following main financial statement items, according to law and to accounting principles:
      • Revenues and receivables.
      • Inventories.
      • Non-current tangible and intangible assets.
      • Liabilities and bonds.
    APPLYING KNOWLEDGE AND UNDERSTANDING
    At the end of the course student will be able to...
    • Use the "accounting equation" and then apply the double-entry accounting system.
    • Prepare the periodicaI and adjusting entries tor basic transactions.
    • Compose a full set of financial statements on the basis of simple transactions as above listed.
    • Analyze, evaluate, calculate and prepare the journal entries related to the following financial statement items, according to law and to accounting principles:
      • Revenues and receivables.
      • Inventories.
      • Non-current tangible and intangible assets.
      • Liabilities and bonds.

    Teaching methods
    • Face-to-face lectures
    • Exercises (exercises, database, software etc.)
    • Case studies /Incidents (traditional, online)
    DETAILS

    It is a "basic'' course, hence the learning experience is mainly based on face-to-face lectures. Notwithstanding the above, lessons are interactive, as accounting is a very practical course: real-life cases are presented during teaching, with the goal of linking the explanation to the "real world of business and accounts".

    • After each set of lectures regarding a certain topic, review sessions are discussed in class: the goal of the review session consists in showing the students how to approach the preparation of journal entries and all other tasks concerning Accounting.
    • To actively participate to review sessions, students need to use their communication and interpersonal skills.
    • Additional materials (exercises, slides, et cetera) useful to get trained far the exam are posted on Bboard.

    Assessment methods
      Continuous assessment Partial exams General exam
  • Written individual exam (traditional/online)
  • x   x
  • Active class participation (virtual, attendance)
  • x   x

    Teaching materials
    ATTENDING AND NOT ATTENDING STUDENTS

    For both attending and non attending students, the course material is exclusively represented by:

    • LIBBY, LIBBY, HODGE, Financial Accounting, McGraw-Hill, lnternational Edition, 2016, 10th edition. Purchasing a new book allows students to use a "scratch code" for making exercises online on McGraw-Hill website (eConnect).
    • Slides and other materials (exercises, review sessions, ... ) provided and downloadable through Bboard platform.

    More detailed information on chapters included and excluded are posted on Bboard during course. Teachers make the materials available throughout the semester.

    Last change 17/07/2020 14:52