00065R - ACCOUNTING AND BUSINESS FINANCIAL STATEMENTS.

LEARNING TARGETS
As intermediate course in the "economico-aziendale" chain, this module offers essential technical-accounting contents for the application of concepts introduces in the first year as well as for the understanding of topics that are typically developed in advanced business courses when dealing with issues related to company financial statements.
Specifically, the teaching contributes to the achievement of the educational objectives of the degree course by providing students with theoretical and technical knowledge useful both for the broadest accounting interpretation of business phenomena and for the monitoring of company performances through a basic (for those who must acquire 6 credits) or in-depth (for those who must acquire 9 credits) levels of general accounting, including the drafting of the corporate financial reporting. Through the aforementioned expected complex skills, the course favors the preparation of graduates capable of covering managerial, consultancy and accounting roles as well as being employed in the corporate functional areas that typically make use of these skills (e.g. administration and control area).

EXPECTED LEARNING OUTCOMES


"Knowledge and understanding" - At the end of the course the student must know and understand the following topics:

the role of financial accounting within the corporate information subsystem;
General Accounting as an information procedure that merges system (Amaduzzian), instrument (the account) and method (double entry);
the two consequences of applying double entry to Amaduzzi's interpretative system;
the logical phases and main groups of entries in the General Accounting;
the representation of income and capital in the general accounting and in the Italian statutory balance sheet, as well as the related measurement problems.

"Ability to apply knowledge and understanding" - The student must be able to:

keep double-entry accounting records relating to each management operation (simple skill);
transfer the final accounts of the General Accounting into the financial statements (simple skill);
close and reopen the General Ledger accounts (complex skill);
limit, for each operation, the data useful for accounting records (simple ability favoring autonomy of judgment).

"Autonomy of judgment" - The student must be able to:

identify, on an accounting basis, the impact each business operation has on the preparation of the financial statements.
describe and comment on the economic and financial position using the final accounts of the GEAC.

"Communication skills" - The student must:

develop familiarity with the basic vocabulary typical of the Italian accounting;
acquire such a mastery of the vocabulary and of the contents presented in the course to be able to interact effectively, on accounting issues, with multiple stakeholders, both professionals and non-professionals.

"Ability to learn" - The student will develop the following skills:

the ability to develop personal learning tools relevant to the theoretical and technical contents developed of the course;
the ability to customize the implementation of application methods during both classroom and individual exercises, as prompted by the online handouts.