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Insegnamento a.a. 2018-2019

30427 - BILANCIO - MODULO 2 / ACCOUNTING AND FINANCIAL STATEMENT ANALYSIS - MODULE 2

Dipartimento di Accounting / Department of Accounting

Per la lingua del corso verificare le informazioni sulle classi/
For the instruction language of the course see class group/s below

Vai alle classi / Go to class group/s: 21 - 22

BIEF (5 cfu - II sem. - OBBC  |  SECS-P/07)
Docente responsabile dell'insegnamento / Course Director:
LUCA SIMONE SCARANI

Classes: 21 (II sem.) - 22 (II sem.)
Instructors:
Class 21: ANGELA KATE PETTINICCHIO, Class 22: PETER FRANCIS POPE

Class group/s taught in English

Prerequisites

Exam code 30426 Accounting - Module 1 is a prerequisite of the exam BILANCIO - MODULO 2 / ACCOUNTING AND FINANCIAL STATEMENT ANALYSIS - MODULE 2


Mission & Content Summary
MISSION

The aim of this course is to let students complete their accounting knowledge and skills learnt during Module 1 – 30426, with reference to financial statements, their preparations, presentation and analysis. The course develops students’ skills in understanding the accounting issues and methodology, how to properly evaluate principal financial statement items, according to law and to accounting principles. Analyzing and interpreting periodic reports in order to determine the company's performance is another important objective of the course, together with achieving knowledge of the consolidated financial statements. On the completion of this course, students should be able to: - Analyze and assess the accounting information presented in financial statements - Apply effective analytic skills and tools to make business decisions or solve problems - Apply knowledge of business combinations to prepare consolidated financial statements. On the basis of all the above, the mission of this course is to complete the basic Accounting skills of the students, focusing on owners’ equity, cash flow statement, consolidated financial statements and ratio analysis. At the end of both courses 30426 and 30427, students should be able to manage, at a basic level, all the issues related to Financial Accounting.

CONTENT SUMMARY

The most important topics we consider during this course are the following:

  • Reporting and interpreting owners’equity.
  • Preparing and interpreting cash flow statement.
  • Preparing and interpreting consolidated financial statement.
  • Analyzing financial statement (ratio analysis).

Intended Learning Outcomes (ILO)
KNOWLEDGE AND UNDERSTANDING
At the end of the course student will be able to...
  • Understanding and preparing the cash flow statement.
  • Understanding and preparing the consolidated financial statement.
  • Understanding the firms’ key performance indicators.

Moreover, students will be able to understand various measures of performance, liquidity and solvency.
 

APPLYING KNOWLEDGE AND UNDERSTANDING
At the end of the course student will be able to...
  • Prepare, and understand the cash flow statement.
  • Prepare, and understand the consolidated financial statements.
  • Understand the firms’ key performance indicators.

Moreover, students will be able to use the firms key performance indicators to make financial and strategic decisions for the firm and to use such information on an investor perspective.


Teaching methods
  • Face-to-face lectures
  • Exercises (exercises, database, software etc.)
  • Case studies /Incidents (traditional, online)
DETAILS
  • The learning experience of this course is mainly based on face-to-face lectures.
  • Lessons are interactive, as accounting is a very practical course: real-life cases are presented during teaching, with the goal of linking the explanation to the “real world of business and accounts”.
  • After each set of lectures regarding a certain topic, review sessions are discussed in class: the goal of the review session consists in showing the students how to approach the preparation of journal entries, of cash flow statement, of consolidation adjustment, and how to calculate financial ratios.
  • Moreover, with specific reference to the financial ratio analysis, we use case studies and simulations, describing “real-life” situations: this way, students deal with the identification and analysis of complex, open-ended issues.
  • To actively participate to review sessions and case studies discussion, students need to use their communication and interpersonal skills.

 


Assessment methods
  Continuous assessment Partial exams General exam
  • Written individual exam (traditional/online)
  • x   x
    ATTENDING STUDENTS

    Students must register to seat for the exam. There is no partial exam. The exam is written. The final grade of the course, which is registered in the students’career, is determined as the average of the exams 30426 and 30427 grade.
    Students will be graded according to many different options presented below. In fact, there are two different “bonuses” applicable
     

    1) Written exam

    At the end of the term, all students have a written exam, which is graded on a 30,50 point basis.
     

    2) Bonuses

    2A) “Bonus attendance”

    Attendance of students is assessed through the “Attendance” procedure. Students are required to attend more than 75% of lessons (18 over 23). An attendance registered “late” is non valid.

    If a student attends more than 75% of lessons, she/he achieves the “bonus attendance”.

    The “bonus attendance” consists in ADDITIONAL + 0,5 points which will be added to the points scored in the “written exam”.

    The “bonus attendance” may be used in the first three exam sessions (May, June, August).
     

    2B) “Bonus quizzes”

    During the course, 2 "in class" short quizzes are given to the students. These 2 tests consist of either (or a combination of) multiple choices and closed-ended questions. They approximately last 15 minutes and their main goal is to foster continuous assessment and participation.

    The release date of the quizzes is scheduled at the beginning of the lessons 12 and 23.

    Each test is on a "pass or fail" basis. A Pass grade is given if more than 60% of the answers is correct. A missing student is equivalent to a student who failed the test.

    Students passing both quizzes get 2,5 points. Such points give the student the following: on the date of the exam, they are allowed TO SKIP one exercise (among a set of exercises included the exam) which is automatically graded 2,5 points. Hence, all students achieving the “bonus quizzes” have an exam on 28 point basis, as they automatically get 2,5 “bonus” points.
    The “bonus quizzes” may be used in the first three exam sessions (May, June, August).

    NOT ATTENDING STUDENTS

    Students must register to seat for the exam. There is no partial exam. The exam is written. The final grade of the course, which is registered in the students’career, is determined as the average of the exams 30426 and 30427 grade.

    At the end of the term, all students have a written exam, which is graded on a 30,50 point basis (please see bullet 1 above).

    Not attending students will not get the “bonus attendance” (please see bullet 2.A above), but they are allowed to try to get the “bonus quizzes” together with the other students (please see bullet 2.B above).


    Teaching materials
    ATTENDING AND NOT ATTENDING STUDENTS

    The course material is exclusively represented by:

    • LIBBY, LIBBY, HODGE, Financial Accounting, International Edition, McGraw-Hill, 2016, 9th edition (Chapters: 11 and 12 and Appendix A).
    • C. GALIMBERTI, A. MARRA, A. PRENCIPE, Consolidation: Preparing and understanding consolidated financial statements under IFRS, McGrawHill Education, 2013.
    • Slides - provided through Bboard.

    The course materials (e.g., hands outs and teaching notes) are regularly downloadable from Bboard platform. Teachers make the materials available throughout the course.

    Last change 10/01/2019 12:02