INTRODUCTION TO DIGITAL MANAGEMENT-2

Digital (r)evolution has been a constant companion to companies since the days of tabulating machines. In traditional companies, Business Administration Systems have the aim of producing financial information and have been evolving in tandem with information technology (r)evolution. In digital firms, digital (r)evolution presents new challenges and business opportunities. The course has the aim of introducing the topic of Business Administration Systems, focusing on accounting systems and depicting the impact of the digital (r)evolution on both traditional and born-digital firms. Students will learn the basics of accounting for business transactions and corporate communication and will deepen the impact of the digital (r)evolution.

1 KNOWLEDGE AND UNDERSTANDING
The students of the course INTRODUCTION TO DIGITAL MANAGEMENT – 2 have to understand the operating setting of firms, the financial statements and other financial tools supporting the decisions. Additionally, students have to better understand how digital (r)evolution is affecting the accounting and reporting systems of traditional firms and offers new business opportunities for firms operating in the ICT sector.
At the end of this course, students will know and understand:
- the economic and financial nature of an entity’s events;
- the method of double-entry bookkeeping applied for the preparation of both balance sheet and income statement;
- the ways by which accounting records of daily transactions affect the preparation of financial statements;
- the role of the financial reporting system;
- the main challenges and opportunities of the digital transformation in financial accounting and corporate reporting

2 APPLYING KNOWLEDGE AND UNDERSTANDING
The students of the course in INTRODUCTION TO DIGITAL MANAGEMENT – 2 must be able to contextualize their knowledge and apply it to concrete situations through the analysis and processing of accounting data. At the end of this teaching course, the students will be able:
- to record the main accounting entries needed to prepare financial statements;
- to draw up the income statement and the financial statement
- to analyze and understand financial data contained in a standard annual report
- to interpret financial and non-financial and integrated reports
- to identify main challenges and opportunities coming from the digital (r)evolution
The course contributes to the educational objectives of the Bachelor's Degree Programme, which aims to provide a complete training in the management field, as it provides the basic knowledge to identify the financial effects of an entity’s events, to record them with bookkeeping and to prepare the financial statements.

Since this course provides basic knowledge about management accounting, financial accounting and financial reporting, deepening the effects of the digital (r)evolution, no previous knowledge is required. Students must have acquired only the notions and the basics provided in INTRODUCTION TO DIGITAL MANAGEMENT - 1 .

The course is shaped by 3 main didactic units:
DU 1: Introduction to accounting
Accounting and financial education in a digital world
Accounting, financial accounting and financial reporting
Challenges and opportunities for accounting in a digital world

DU 2: Financial accounting
Financial accounting and the recording process
Basics of bookkeepting: general journal, general ledger, trial balance
The recording process and the accounting cycle
Challenges and opportunities for financial accounting in a digital world

DU 3: Financial reporting
Financial reporting and corporate communication to investors
Current issues in corporate communication to investors: from different GAAP to the need of reaching an integrated communication
Challenges and opportunities for financial reporting in a digital world

Details about the text book will be given during the class

Written test and oral colloquium

The teaching method will include frontal lessons, case studies and guest lectures from experts in the field

written and oral