FINANCIAL REPORT (ADVANCED COURSE)

Single discipline educational activity

Course Sheet

Academic Year of enrolment:

2019/2020

Type of Course:

Related/Supplementary

Optional/Mandatory:

Optional

Degree:

Master's Degree Programme in BUSINESS ADMINISTRATION

Location:

SASSARI

Disciplinary Sector:

Business Administration

Language:

Italian

Credits:

Programme Year:

Professor and Collaborators:

CORSI Katia

Hours of classroom activity:

Prerequisites:

A good and deep accounting knowledge

AF code:

A002270

Assessment Methods

Verification of learning:

Final written test lasting 1.5 hours. It is diversified to evaluate the different skills of the students on all the issues dealt with. In particular, the test consists of three parts: the first part, aimed at verifying a general competence of the subjects, mades up of 10 closed questions (max 10 points); the second part consists of two open questions in order to verify the elaboration and reflection capacity, as well as the synthesis capacity (max 10 points) and the third operative part consists of two or three exercises, aimed at verifying the acquired technical skills ( max 13 points). The minimum score (18) requires the demonstration of an elementary knowledge; the maximum score (30) requires the correct use of analytical tools and a very good competence of the subjects. Given the complexity of the issues a margin of error of 3 points is foreseen.
The use of the calculator is allowed

Distance exam modality - COVID-19 period: The oral examination takes place in Microsoft Teams with student’s visualization.
The questions will concern the whole content of the course in its theoretical and technical aspects and they will also include some exercises done in class.

Teaching period

Second semester

Objectives

The course aims to deal with the role of accounting standards and in particular the most relevant issues related to the adoption of international accounting standards (IAS/IFRS), to which the Italian legislation has recently been aligned with Legislative Decree 139/2015. Therefore this course must be understood as an advanced course on financial statement.
At the end of the course the student will be able to apply international accounting standards and read the financial statements of listed companies.
At the end of the course the student will have acquired:
(1) Knowledge and ability to understand: know the role of accounting standards; learn the new financial sheet schemes; acquire accounting skills aimed to calculate and evaluate the values in the financial statments ; to learn new valuation criteria such as fair value, value in use and amortized cost.
(2) Ability to apply knowledge and understanding: to be able to draw up the financial statements with criteria aimed at the discounting of values; to know how to read and to interpret values in financial statements both individually and in a systemic perspective; to be able to apply the recent Italian accounting standard also in the financial statements of unlisted companies.
(3) Autonomy of judgment: ability to analyze and interpret data deriving from the adoption of international accounting standards but also from the new national accounting standards (edited by OIC).
(4) Communication skills: although this course does not foresee specific activities aimed at developing communication skills, the student will be able to operate within heterogeneous teams work, highlighting the peculiarities and differences of the business analysis and financial perspective with respect to the other human and social sciences. The student will also be able to assess the reliability of the values and therefore of the entire financial statement.
(5) Learning skills: the critical-conceptual content of course promotes the deepening of every possible accounting issue in several contexts.

Contents

The accounting standardization and harmonization process (4 h); The role of accounting standards (national and international) (4 h); the balance sheet schemes (4 h); changes in the evaluation standard (2 h); The evaluation of tangible assets: fair value, leasing (6 h); The evaluation of intangible assets: the impairment test (4 h); The financial instruments (overview): amortized cost (4 h); Provisions for risks and charges (2 h).

Recommended Bibliography

AZZALI S., ALLEGRINI M., GAETANO A. PIZZO M., QUAGLI A. (edited by), I principi contabili internazionali, Torino, Giappichelli, 2006; capp. 1, 2, 3 (esclusi par. 3.3, 3.4, 3.5), 5, 6, 8.
Corsi K., Il controllo amministrativo-contabile. Dinamiche e prospettive evolutive alla luce degli IAS/IFRS, Torino, Giappichelli, 2008; cap. 2.
Additional teaching material available in the course’s area of the site.

Methods of Provision

Conventional

Teaching Methods

Frontal lessons with the support of power point slides and whiteboard. Numerous numerical examples are provided during the lessons.
Supplementary teaching activities (practice exercises) up to a maximum of 12 hours aimed at the implementation of the contents of the lessons and the cost product calculation, the differential analysis, the budget and the variances analysis; case studies are also foreseen. The exercises are held in the classroom with a track for the students and the solution guided by the teacher.
The slides used in classroom, the tracks and some solutions of the exercises are available on the teacher's page on the site http://edisea.uniss.it/

Contacts/More Information

1) availability to provide a tutoring service (eg student reception, explanations in the classroom) also in English for Erasmus students; 2) availability to provide supplementary teaching materials and bibliographic references;
3)for receiving students, please consult www.edisea.uniss.it;
4) contacts: kcorsi@uniss.it; phone: 079/079213033

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FINANCIAL REPORT (ADVANCED COURSE)