International Accounting

The course is divided into four parts: 

1. overview of the main accounting principles and tools and introduction to financial statements analysis (reformulation of balance sheet and income statement; ratios analysis; cash flow statement);
2. valuation of main assets and liabilities (tangible and intangible fixed assets; lease contracts; impairment of assets; inventories; receivables and payables) according to international accounting standards (IAS/IFRS);
3. consolidated financial statements (concept of control and consolidation area; pre-consolidation transactions; eliminations of intragroup transactions; consolidation methods and theories);
4. non financial reporting (sustainability and integrated reporting).

Financial statements provide various financial information that investors, creditors and analysts use to evaluate a company’s financial performance. Much of the information presented in a financial report is required by law or by accounting standards, both national and international. Financial statements are important as a means of communicating past results, as well as future expectations. By publishing financial statements, management can communicate with interested outside parties about its accomplishments running the company. Therefore, the mission of this course is to develop participants’ skills in understanding, analysing and interpreting individual and consolidated financial statements. The course is enriched by a section on the sustainability report and non-financial communication, a topic that is becoming increasingly relevant both nationally and internationally.

• Istruzione di qualità

In presenza

Teaching methods can be summarised as follows:

• face-to-face lectures;
• guest speaker's talks (at least one);
• in-class exercises;
• case studies discussions
• individual or group assignments (to  be defined).
  
  Attendance to all classes and also to the discussion of group assignments is strongly
  recommended, even though no attendance recording procedures are used.

The final written exam will consist of:
- exercises;
- multiple-choice questions;
- short open questions.
Sample exams will be uploaded on the course website in due time.