Course 2010-2011 a.y.



Department of Accounting

Course taught in English

Go to class group/s: 31
CLEAM (6 credits - II sem. - OP  |  SECS-P/07) - CLES (6 credits - II sem. - OP  |  SECS-P/07) - CLEF (6 credits - II sem. - OP  |  SECS-P/07) - BIEM (6 credits - II sem. - OP  |  SECS-P/07) - CLEACC (6 credits - II sem. - OP  |  SECS-P/07)
Course Director:

Classes: 31 (II sem.)

Course Objectives

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 Financial Statements items, through theoretical lessons, cases and practical exercises, in order to be able to:

  • read and interpret Financial Statements of companies operating in different industries;
  • identify and judge the impact on the companies' accounts of alternative accounting methods within the same industry;
  • gather the key accounting issues related to each specific industry.


Course Content Summary

  • The impact of industry specifications on company's accounts
  • The large retail industry: accounting for inventory and provisions
  • The editorial industry: newspapers and different sources of revenues
  • The shipyard industry: super yachts, work in progress and foreign currency transactions
  • The fashion and furniture industries: the role of intangible assets
  • The discography industry: artists' compensations and royalties
  • The theme park industry: the role of tangible assets
  • Group discussions

Detailed Description of Assessment Methods

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

Attending students
For attending students only, the exam could be made of two written tests (mid-term test plus final test). Sufficiency in both tests is required to pass the exam (sufficiency = grade equal or higher than 18/30). Attending students can also work on individual or group assignments, which allow them to obtain a grade that integrates the result of the written exam.



  • Barry J. Epstein, Eva K. Jermakowicz, Interpretation and Application of International Financial Reporting Standards, Wiley IFRS, 2010
  • Other teaching material will be handed out through the e-learning.
Exam textbooks & Online Articles (check availability at the Library)
Last change 17/06/2010 12:10