SECS-P/07 - 9 CFU - 2° Semester

Teaching Staff


Learning Objectives

1. Knowledge and understanding

The course aims to provide students with the cognitive tools needed to understand the existence of an international debate on accounting harmonization as an essential condition for the comparability of financial statements, thus overcoming the accounting approach desired by the national legislator. To this end, the student will have the opportunity to learn about and analyze the main standard setters and stakeholders interested in this harmonization process, as well as to represent the management facts and understand the meaning and logics of the main drafting principles and evaluation criteria used in the international arena.


2. Applying knowledge and understanding

The knowledge acquired during the course will lay the foundations for developing technical and accounting skills and competences in the student, at international level. Each student will be involved and stimulated to face the classroom exercises, in which he will be able to verify the degree of understanding and application of the acquired knowledge. The application skills will be expanded with the development of practical cases aimed at analyzing financial statements prepared in accordance with the international accounting standards IAS / IFRS


3. Making judgements

The learning process in "Principi contabili internazionali e tecniche di bilancio" will allow each student to develop an autonomy of judgment, especially regarding the differences existing between the different approaches used in the European continental and Anglo-Saxon traditions. In particular, the student will be able to appreciate the significant deviations generated by the application of different valuation criteria and the different information function of the financial statements in the analyzed accounting systems.


4. Communication skills

Based on the acquired knowledge, each student will be able to develop communication and relational skills. He will be able to carry out accounting valuations and, therefore, to possess cognitive requirements that will facilitate the transfer of concepts and technical contents, the communication and the exchange of reasonings and reflections, essential skills that will surely be able to exploit in the job positions that in the future will be covered.

Detailed Course Content

1. The process of international accounting harmonization

2. Overview of national and international standard-setters

3. The Framework in the IAS/IFRS model

4. The fair value criterion

5. Schemes and structure of financial statements according to IAS/IFRS

6. Models and techniques for evaluating the main financial statements areas:

  1. Tangible fixed assets and leases
  2. Intangible assets
  3. Financial instruments
  4. Impairment of assets
  5. Inventories
  6. Net assests
  7. Provisions
  8. Income taxes

7. Business combinations and business acquisition processes

8. Consolidated and separate financial statements

9. International accounting standards for small and medium-sized entities: IFRS for SMEs

Textbook Information

VV.AA., Il bilancio secondo i principi contabili internazionali IAS/IFRS. Regole e applicazioni, G. Giappichelli Editore, 4thedition, Torino 2016.

Open in PDF format Versione in italiano