FINANCIAL ACCOUNTING

Title of the course: Accounting and Financial statement

Knowledge and understanding: The course aims to provide the student with the theoretical and practical knowledge of accounting methodology. The contents will deal with the accounting logic in order to be able to represent and understand the management facts and read the financial statements, acquiring the specific language and criteria for interpreting and evaluating the related items.

Applying knowledge and understanding: The knowledge acquired in accounting matters will lay the foundations for developing the student's technical-accounting skills and competences related to the use of of the double-entry accounting method to understanding the economic, financial and equity dynamics that take place within the company. In particular, the student will acquire the ability to observe the management facts under certain observation aspects and will be able to understand the systematic nature of the accounting records, arriving at the determination of the net income and of the connected working capital.

Making judgements: The course will enable students to develop autonomy of judgment in understanding business phenomena. The student will be able to analyze, interpret, evaluate, detect and represent management facts by understanding the dynamics of financial accounting and commenting on the related results shown in the financial statements.

Communication skills: Based on the knowledge gained, the student will develop communication and relational skills, for business consulting and other job positions linked to the accounting function in private and public organizations.

Learning skills: The learning process will allow the student to understand the business dynamics on a unified and coordinated vision and to read and interpret business phenomena, in order to know the connected dynamics that generate the accounting results.

The teaching program is divided into 3 parts and contains the accounting tools and methods in order to acquire the keys for reading and interpreting accounting and company Financial statements. The lessons are frontal and during the course there will be some seminars. The teaching method will lead to the acquisition of knowledge related to the discipline and, in order to develop the applicative capacity of such knowledge, exercises and case studies will be carried out.

Should teaching be carried out in mixed mode or remotely, it may be necessary to introduce changes with respect to previous statements, in line with the programme planned and outlined in the syllabus.

Learning assessment may also be carried out on line, should the conditions require it.

The course’s contents are articulated as follow: The concept of firm. Corporate balance. Business Economics and Accountancy. Logics and methods of financial accounting. The double-entry method. Year’s entries: purchases and sales, the cost of labour, property pans and equipment, owners’ equity, loans and investments. Year-end closing entries, the financial statement. The general conditions and principles for the preparation of financial statements. Principles of Evaluation.