COBIAV12 - FINANCIAL ACCOUNTING (ADVANCED)

General Objective

The course is part of the broader objective of the undergraduate program to provide knowledge about the measurement of business events to achieve measures of economic, financial and capital performance. Specifically, in continuity with the courses of Economia Aziendale e Management and Contabilità e Bilancio (corso base), the course of lessons aims to address in more detail the issues related to the preparation of the financial statements based on the civil code and the Italian accounting principles OIC. Particular attention is devoted to the preparation of the financial statement and the consolidated financial statements. Finally, the main tools of the financial statement analysis for the measurement of company performance are presented.



Expected learning outcomes

Students of the Contabilità e Bilancio (corso avanzato) course will have to acquire, at the end of the course, the knowledge and skills needed to interpret any event that characterizes the company management in compliance with the civil law principles and the national accounting principles OIC and derive from results of the general accounts, the statement of financial statements for the financial year (and consolidated financial statements) relating to the normal corporate administrative year. They will also have to acquire the knowledge necessary to draw up the cash flow statement and determine the financial statement indicators. In terms of autonomy of judgment, therefore, the students of the course must be able to interpret the results of the financial statements in an economic, financial and patrimonial way in a concise manner and, in light of these, express a judgment of equilibrium on the company.

The objective is to contribute to the formation of a professional figure (envisaged in the CdS) assigned to the preparation of the financial statements, to the analysis of the summary results, able to propose improvements to the company's decision-making body, both as an internal profile that as a consultant. To this end the course proposes to transmit the following skills and knowledge:



KNOWLEDGE AND UNDERSTANDING ABILITY

- distinguishes the accounting and statutory accounting standards;

- classifies the general postulates and accounting principles and standards in the light of the purposes of the financial statements;

- represents company events in terms of financial flows;

- recognizes the role of the principles in the preparation of the financial statements (transition from accounting balances to financial statement values;

KNOWLEDGE AND UNDERSTANDING (applied)

- prepares the financial statements and the financial statement;

- prepares the consolidated financial statements;

- reclassifies the financial statements based on significant summary aggregates;

- calculates the main balance sheet figures.

AUTONOMY OF JUDGMENT:

- interprets the financial statement results through the use of the main indicators;

- expresses critical considerations on the degree of economic, equity and financial equilibrium of the company.

COMMUNICATION SKILLS:

- uses technical terminology and identifies any action to improve company performance based on summary results, in a professional consulting or private business context;

ABILITY TO LEARN

- carries out individual and group research on specific aspects of the discipline

- compare their skills with the most recent approaches