ACCOUNTING AND FINANCIAL STATEMENT ANALYSIS

The course "Accounting and financial statement analysis" is among the main courses of the three-year degree course in Economics and Business and aims to provide a methodological framework to understand the management of the company through its main document: the financial statements which will be examined according to a consolidated set of analysis techniques.
The course aims to explain the main tools for analysing the financial statements in order to understand the business performance and express a judgement about the financial and economic status of the entity. To this purpose the course deals with the key features of the financial statements according to the Italian civil law and IAS/IFRS, the main approaches to classify the income statement and the statement of financial position, the ratios analysis and the principles for preparing the cash flow statement.

The set of knowledge that the course aims to provide is linked to the understanding of the financial statement model, the national and international accounting standards and the analysis techniques generally applied in practice.
To this end, will be provided a set of skills related to understand the financial statement document, to prevent risks and unfavorable events and suggest solutions to the management.

Knowledge of the company, in its institutional and accounting framework (methods of accounting recognition and financial statement document)
Binding prerequisite: passing the "Business Administration exam (12 cfu)".

Viewing the business through the financial statements.
The economic-financial model and the financial statements.
Objective and contents of the financial statements.
The legal form of the financial statement according to the Italian civil law.
The financial statements presentation according to IAS/IFRS.
Reformulation of the statement of financial position.
Reformulation of the income statement.
The cash flow statement and cash flow analysis.
The ratios analysis.

Sostero U., Ferrarese P., Mancin M., Marcon C., L'analisi economico-finanziaria di bilancio, Giuffrè editore, Milano, third edition, january 2018

Compulsory written examination. Followed by optional oral exam.
Written exam with open questions and exercises on ratios and flows.

Conventional: Frontal lessons. Whenever possible and appropriate, frontal lessons alternate with active teaching techniques.

written