ACCOUNTING STANDARDS FOR FINANCIAL STATEMENTS - 1

The course contributes to the educational objectives of the Master's Degree Programme in Accounting and Finance, which aims to make students expert in addressing the accounting issues related to the accounting representation and reporting of business activities in compliance with national and international accounting standards, because provides in-depth knowledge on the measurement and accounting representation of the main items of financial statements. Indeed, starting from the civil law rules, are analyzed the solutions proposed by the national accounting standards (OIC) and the international accounting standards (IFRS).
The second part of the course (Accounting standards for financial statements -2) presents the accounting issues arising from the preparation of consolidated financial statements.

1 KNOWLEDGE AND UNDERSTANDING
As students of the Master's Degree Programme in Accounting and Finance have to know and understand how entities operate and know to the financial statements and the other tools to support decisions, at the end of this course, it is expected that students know and are able to understand:
- which are the rules to be applied for the evaluation of the main items of the financial statements;
- what are the effects on the accounting representation of the various evaluation choices of the financial statement items;
- what consequences in terms of prepaid or deferred taxes derive from the different valuation choices of the financial statement items.
2 APPLYING KNOWLEDGE AND UNDERSTANDING
Since students of the Master's Degree Programme in Accounting and Finance must be able to contextualize their knowledge and apply them to concrete situations through the analysis and processing of data, at the end of this course the student will be able to:
- apply the different evaluation criteria to concrete situations;
- accounting for their effects.

To tackle the course, it is necessary to have already learnt the basic concepts and language of the economic analysis of business processes and the basic skills off accounting for business events and preparation of financial statements, which have been developed in the Business Administration course.

Evaluation and accounting representation according to the civil law rules and to the national accounting principles (OIC) and international accounting standards (IFRS) of the following items of the financial statements:
- structure and items of the statement of financial position;
- structure and items of the income statement;
- intangible assets;
- property, plant and equipment;
- financial assets;
- provisions;
- liabilities.

U. Sostero, E. Santesso, I principi contabili per il bilancio d'esercizio, Third edizione, EGEA, 2024; Cap. 2 (from 2.1 to 2.5), 3, 6 (from 6.1 to 6.6) e 10.

Recommended Reading List:
AA.VV., Il bilancio secondo i principi contabili internazionali IAS/IFRS, IV ed., Giappichelli, 2016
V. Antonelli, R. D'Alessio, V. Dell'Atti, I bilanci delle imprese, Pearson, 2022.
F. Giunta. M. Pisani, Il bilancio, V. ed., Maggioli, 2023.
A. Palma (a cura di), Il bilancio di esercizio, V ed., Giuffrè, Milano, 2016.
A. Quagli, Bilancio di esercizio e principi contabili, XI ed., Giappichelli, 2023.
A. Quagli, Gli standard contabili dello IASB nel sistema contabile italiano, III ed., Giappichelli, 2023.

The exam is unique for both parts of the course (Accounting standards for financial statements – 1 and Accounting standards for financial statements – 2) and consists of a written test and an oral test.
The written test consists of one exercise for the first part of the course and one exercise for the second part of the course.
Those who have passed the written test must take the oral exam on the whole program of study.
The oral test takes place on the following days as the written test.
The final vote depends on the grade reported in the written test and the outcome of the oral test.
Any marks (maximum of 3) obtained through voluntary participation in the Experior project are additional to those obtained in the written test.

written and oral

The grade will be assigned according to the following methods:
A. scores in the 18-22 range will be assigned in the presence of:
- sufficient knowledge and ability to apply understanding in reference to the course program;
- limited ability to apply knowledge by formulating independent judgments;
- sufficient communication skills, especially in relation to the use of specific language that pertains to the course program;
B. scores in the 23-26 range will be assigned in the presence of:
- fair knowledge and ability to apply understanding in reference to the course program;
- fair ability to apply knowledge by formulating independent judgments;
- fair communication skills, especially in relation to the use of specific language that pertains to the course program;
C. scores in the 27-30 range will be assigned in the presence of:
- good or very good knowledge and ability to apply understanding in reference to the course program;
- good or very good ability to apply knowledge by formulating independent judgments;
- fully appropriate communication skills, especially in relation to the use of specific language that pertains to the course program;
D. honors will be awarded in the presence of knowledge and understanding applied in reference to the program, judgment and communication skills, excellent.

The course includes lectures during which the theoretical aspects are illustrated and examples of the application of the different evaluation criteria are carried out.

- Passing the written exam is a prerequisite for admission to the oral test.

- REGISTRATION FOR EXAM. Online registration is COMPULSORY. In case of registration problems, students are required to contact the economic campus a reasonable number of days BEFORE deadline.