The course's major educational goal is to develop student's skills in recording business transactions (double entry book-keeping process) and in preparing financial statements according to domestic accounting standards (Italian Civil Code and Italian Accounting Standards stated by the Italian Standard Setter “Organismo Italiano di Contabilità” - OIC). The course also provides the basic elements of financial analysis to help students understand the events that generate accounting values and assess the company's financial performance.
Course Prerequisites
To take the exam of Contabilità e Bilancio, the student must have passed the exam of Management. In particular, the following topics, covered in the course Management, constitute fundamental preliminary knowledge:
- Firm performance and the principle of economic sustainability;
- The system of a firm’s performance results;
- The representation of firm performance and the financial statements framework;
- The income statement;
- The balance sheet.
Teaching Methods
The course includes 75 hours of lectures, in which each topic will be dealt with through theoretical framing sessions and numerical exemplification. The teacher uses the e-learning platform for publishing the course slides and numerical exemplifications
Assessment Methods
Exam methods and exam program are the same for attending and non-attending students. Written examination. (1 hour and 45 minutes) Form I: multiple choice test Form II: Recording entries in the general journal OR recording adjusting and closing entries (starting from a trial balance) Forms III and IV: questions and practical exercises Two partial written exams are contemplated: a first partial exam in the half-semester (on Part I and Part II of the syllabus) and a second partial test at the end of the course (on Part III and Part IV of the syllabus). Each partial test lasts 1 hour and 15 minutes
Contents
The course’s partition in sessions is pointed out in the course's detailed syllabus published on the e-learning platform. The student also finds learning materials and bibliographic references in the detailed syllabus related to each session. The Course contents are the following: - Introductory notions on the accounting process; - Financial accounting: The double entry book-keeping process; recording entries in the general journal of a set of typical transactions; recording adjusting entries; recording closing entries; recording opening entries; - The preparation of financial statements in accordance with Italian generally accepted accounting principles: general principles; asset recognition and measurement criteria; liability recognition and measurement criteria; - Financial analysis.
Course Language
Italian
More information
The lecturer holds office hours on Wednesday at 2:00 p.m. Students wishing to attend office hours are kindly requested to email the lecturer in advance.
