ECO0357 - FINANCIAL ACCOUNTING AND FINANCIAL STATEMENTS

The exam is written on the topics covered during the course and in the reference materials (see below). The exam can be taken in two ways: i) in two partial tests where the assessment will be based 30% on the assessment of the assignments and 70% on the performed test; the second partial test is only sustainable if a sufficient mark has been achieved in the first partial test (ii) in one-offs (where the assessment will be based 30% on the assessment of the assignments and 70% on the papers taken). For those who did not do the assignments during the course period, the assessment will be based 100% on the examination result. The test, which lasts 1 hour and 30 minutes, consists of open questions and exercises aimed at verifying the acquisition of the basic concepts and their correct application, even quantitatively. More in detail the exam will be divided into four parts: I: multiple choice test II: Recording entries in the general journal OR recording adjusting and closing entries (starting from a trial balance) III and IV: questions and practical exercises The total points obtainable in the written test is 31/31, a score which corresponds to the mark of 30/30 + Lode. The examination structured in this way allows to verify if the student knows, from a theoretical point of view, the general principles of preparation of the balance sheet, the evaluation criteria of the main balance sheet items and the analysis of the balance sheet by indexes and flows. In addition, the exercises allow to evaluate whether the student is able to put these theoretical notions into practice having acquired the technical features of general accounting, drafting the financial statement and analyzing it.