Course 2015-2016 a.y.

20489 - ADVANCED ISSUES IN ACCOUNTING AND FINANCIAL REPORTING


CLMG - M - IM - MM - AFC - CLAPI - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT
Department of Accounting

Course taught in English


Go to class group/s: 31

CLMG (6 credits - II sem. - OP  |  SECS-P/07) - M (6 credits - II sem. - OP  |  SECS-P/07) - IM (6 credits - II sem. - OP  |  SECS-P/07) - MM (6 credits - II sem. - OP  |  SECS-P/07) - AFC (6 credits - II sem. - OP  |  SECS-P/07) - CLAPI (6 credits - II sem. - OP  |  SECS-P/07) - CLEFIN-FINANCE (6 credits - II sem. - OP  |  SECS-P/07) - CLELI (6 credits - II sem. - OP  |  SECS-P/07) - ACME (6 credits - II sem. - OP  |  SECS-P/07) - DES-ESS (6 credits - II sem. - OP  |  SECS-P/07) - EMIT (6 credits - II sem. - OP  |  SECS-P/07)
Course Director:
ANTONIO MARRA

Classes: 31 (II sem.)
Instructors:
Class 31: ANTONIO MARRA


Course Objectives
The course is aims at giving students a deep understanding of advanced accounting issues. Students will get familiar with several relevant accounting events, among the others: companies mergers and disposals, accounting for multinational enterprises; hedges using foreign currency derivate instruments; reporting standards for interim financial statements. Such relevant events are usually of great interest for market participants and financial analyst. Accounting information used by stakeholders and financial analysts following relevant economic events will be analyzed and discussed, together with the corporate (voluntary) disclosure determinants and consequences. Case studies and illustrative examples from the financial press will be used to increase familiarity with actual firms’ financial statements and to emphasize the effect of financial accounting rules on the numbers presented in the financial statements.

Course Content Summary
  • Overall review of the main Consolidation concepts
  • Accounting for Merger and Acquisition (M&A) and companies disposals
  • Hedging currencies and main accounting issues for derivatives.
  • Interim reporting
  • Financial Analysts and Analyst reports: key accounting data and value drivers
  • Corporate (voluntary) disclosure: determinants and consequences.
  • Hints on accounting implications following leverage buy-outs and management buyouts

Detailed Description of Assessment Methods
Students’ assessment will be as follows:
  • 40% written final exam (end of classes);
  • 20% mid-term exam (spring break);
  • 40% group projects and class participation;

Textbooks
Learning materials will be based on Book chapters, slide, cases and financial press. Materials details will be given during the first lecture.

Prerequisites
Basic knowledge of Financial Accounting and Financial Statement Analysis.
Last change 27/03/2015 12:44