The Accounting course consists of three parts:
- the first part is a quick review of basic accounting concepts and rules. It is intended to uniform students' backgrounds and languages inside the financial accounting field of studies.
- The second part is focused on the evaluation of main financial statements items according to IAS (International Accounting Standards) / IFRS (International Financial Reporting Standards). The aim of this part is to make students understand the general principles of IAS/IFRS, the structure of Financial Statements (IAS/IFRS compliant) and the recognition and assessment rules provided by the same accounting principles.
- The third part is focused on financial statements analysis for both individual and consolidated financial statements, in particular on:
- income statement and balance sheet formats;
- main liquidity, solvency and profitability ratios;
- cash flow statement;
- basic group (or consolidation) accounting.
The aim of the third part is to enable students to evaluate the whole economic-financial position of complex organizations through the systematic use of the information included in the ‘public’ financial statements.
All three parts are taught through theoretical lessons, cases and practical exercises. At the end of the course, students are able to interpret and analyse financial statements and assess the quality of accounting disclosure.
Textbook and additional teaching material:
- S.Castoldi, A. Cortesi, U. Scaccabarozzi, I. Spertini, P. Tettamanzi (edited by), “Advanced Financial Accounting”, Egea, Milano, 2015 (http://www.egeaonline.it/ita/prodotti/amministrazione-e-controllo/advanced-financial-accounting.aspx)
- Additional teaching material for each session will be posted by the teacher on the icorsi USI platform.