Insegnamento a.a. 2020-2021

Il contenuto del programma è approfondito nei seguenti libri di testo:

• Basic Financial Accounting - a cura di Lombardi Stocchetti G. - Guerini Next, Milano, 2019 (NUOVA EDIZIONE);
• Valutazioni di bilancio - a cura di Lombardi Stocchetti G. - Pearson, Milano, 2019 (Edizione aggiornata a quanto disposto dal D.Lgs. 139/2015 e dai nuovi principi OIC 2017);

Ulteriore materiale didattico (SLIDE, ESERCIZI, VIDEO DIDATTICI, ESERCITAZIONI E TEST ON-LINE) è disponibile tramite accesso alla piattaforma Blboard dell’Università.

Gli studenti che intendono esercitarsi svolgendo esercizi aggiuntivi rispetto a quanto disponibile sulle piattaforme on-line possono utilizzare i seguenti testi (entrambi i volumi raccolgono esercizi tratti da prove d’esame degli anni precedenti):

• Le rilevazioni contabili: esercizi - a cura di Lombardi Stocchetti G., Merlotti E., Paris P. - EGEA Milano, 2019.
• Le valutazioni di bilancio e il bilancio consolidato: esercizi - a cura di Lombardi Stocchetti G., Merlotti E., Paris P. - Egea, Milano, 2019.

Tali volumi raccolgono esercizi tratti da prove d’esame degli anni precedenti.

I contenuti complessivi dell’insegnamento (codici 30426 e 30427) sono focalizzati sulle seguenti aree tematiche:

• Il sistema di contabilità generale e la composizione del bilancio d’esercizio.
• Le rilevazioni contabili con riferimento ai principali accadimenti di gestione (acquisti, vendite, investimenti, retribuzioni, finanziamenti) ed alle rettifiche di fine esercizio.
• La redazione del bilancio d’esercizio secondo quanto previsto dal Codice Civile.
• La valutazione dei valori stimati e congetturati di fine esercizio: i Principi Contabili.
• Introduzione al bilancio consolidato.
• L’analisi di bilancio tramite riclassificazione e indici di bilancio.
• La costruzione del rendiconto finanziario.

L’insegnamento è impartito in due moduli (1° semestre cod. 30426 e 2° semestre cod. 30427) che costituiscono un unico percorso didattico.

Più specificatamente, il primo modulo (cod. 30426) affronta le tematiche che seguono:

• La composizione del bilancio d’esercizio tramite scritture contabili, le scritture di apertura dei conti e la destinazione del risultato economico.
• La redazione del bilancio d’esercizio secondo quanto previsto dal codice civile (principi di redazione e schemi di rappresentazione).
• La valutazione dei valori stimati e congetturati di fine esercizio relativi alle rimanenze di magazzino e alle immobilizzazioni materiali e immateriali.

• Comprendere come, attraverso la tecnica della partita doppia, si rappresentano in bilancio le principali operazioni di gestione e, tramite lo svolgimento di scritture di assestamento, si determina il risultato economico di competenza di un esercizio.
• Comprendere i postulati di bilancio anche ai sensi della normativa civlistica.
• Comprendre la struttura del bilancio destinato a pubblicazione.
• Comprendere i principi di valutazione delle rimanenze e delle immobilizzazioni materiali e immateriali.

• Effettuare le rilevazioni contabili con riferimento ai principali accadimenti di gestione.
• Saper leggere il contenuto del bilancio destinato a pubblicazione.

• Lezioni frontali
• Esercitazioni (esercizi, banche dati, software etc.)
• Analisi casi studio / Incidents guidati (tradizionali, multimediali)

Sono previste esercitazioni facoltative da svolgere mediante una piattaforma online. Trattasi di esercizi di autovalutazione utili per migliorare la preparazione all'esame finale.

L’esame di profitto si svolge esclusivamente in forma scritta, tramite prova generale da sostenere al termine del semestre, secondo quanto previsto dal calendario accademico pubblicato sull’agenda dello studente. Non sono previste prove parziali.

Il contenuto del programma è approfondito nei seguenti libri di testo (utili per entrambi i moduli 30426 e 30427):

• G. LOMBARDI STOCCHETTI (a cura di), Basic Financial Accounting, Guerini Next, Milano, edizione più recente;
• G. LOMBARDI STOCCHETTI (a cura di), Valutazioni di bilancio, Pearson, Milano, edzione più recente.

Ulteriore materiale didattico (SLIDE, ESERCIZI, ESERCITAZIONI E TEST ON-LINE) è disponibile tramite accesso alla piattaforma Bboard dell’Università.

The content of the course, overall (30426 and 30427), can be summarized as follows:

1. Understand the accounting methodology with reference to data gathering, processing, classification and recording using the "accounting equation" (A = L + SE) and then the double-entry accounting system.
2. Understand the techniques at the basis of financial reporting preparation (preparation of journal entries on the basis of the accrual principle, going concern principle,...). 
3. Understand the adjusting entries and identify the areas which are particularly subject to managerial discretion.
4. Correctly evaluate the main financial statement items, according to law and to accounting principles:
   • Accounting for revenues and receivables.
   • Accounting for inventories.
   • Accounting for non-current tangible and intangible assets.
   • Accounting for liabilities and bonds.
   • Accounting for owners'equity.
   • Accounting for investments in other corporations.
5. Compute and account for income taxes.
6. Prepare a cash flow statement.
7. Reclassify the F/S items according to different methodologies.
8. Analyze F/S with ratios.
9. Prepare consolidated financial statements.

The course makes reference, where necessary, to International Financial Reporting Standards (IAS/IFRS) and to the main differences compared to US GAAP.

• Accounting Module 1 30426 covers topics under items 1 to 4 of the above list (up to bonds).
• Accounting Module 2 30427 covers topics under 4 (cont'd from owners'equity) to 9 of the above list.

• Understand the techniques at the basis of financial reporting preparation.
• Describe the accounting methodology with reference to data gathering, processing, classification.
• Identify the critical elements underlying the application of the double-entry accounting system.
• Discern whether there is the need to prepare any adjusting entry on an accrual basis, identifying the areas which are particularly subject to managerial discretion.
• list and explain the general accounting principles underlying the preparation of the set of financial statements.
• Summarize and illustrate the theoretical tools needed to evaluate the following main financial statement items, according to law and to accounting principles:
  • Revenues and receivables.
  • Inventories.
  • Non-current tangible and intangible assets.
  • Liabilities and bonds.

• Use the "accounting equation" and then apply the double-entry accounting system.
• Prepare the periodical and adjusting entries for basic transactions.
• Compose a full set of financial statements on the basis of simple transactions as above listed.
• Analyze, evaluate, calculate and prepare the journal entries related to the following financial statement items, according to law and to accounting principles:
  • Revenues and receivables.
  • Inventories.
  • Non-current tangible and intangible assets.
  • Liabilities and bonds.

• Face-to-face lectures
• Online lectures
• Exercises (exercises, database, software etc.)
• Case studies /Incidents (traditional, online)

It is a "basic" course, hence the learning experience is mainly based on face-to-face lectures.Notwithstanding the above, 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 and all other tasks concerning Accounting.
• To actively participate to review sessions, students need to use their communication and interpersonal skills.
• Additional materials (exercises, slides, et cetera) useful to get trained for the exam are posted on Bboard.

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 must register to seat for the exam.

• All students are graded on a written, comprehensive exam (there are no partial exams), which is based on a mix of open questions, closed questions and exercises, which aims to assess the student’s learning level of the theoretical notions and the main concepts, methods and tools shared in the course. Final grade is rounded.
• Students are graded according to many different options presented below. In fact, there are two different “bonuses” applicable. Here below bonuses are summarized and a more detailed description will be provided at beginning of the course on Bboard.
• Written exam. At the end of the term, all students have a written exam, which is graded on a 30,00 points basis. The exam, broadly, may be divided into two sections:
  1. First section: closed-ended questions (MC and “fill in the blank” or other types of closed-ended questions) aimed at assessing the knowledge and understanding of the students, as follows:
     • Knowledge of the accounting methodology with reference to data gathering, processing, classification.
     • Ability to identify the critical elements underlying the application of the double-entry accounting system.
     • Ability to identify and describe the criteria needed to prepare any adjusting entry on an accrual basis.
     • Knowledge of the general accounting principles underlying the preparation of the set of financial statements.
     • Ability to summarize and illustrate the theoretical tools needed to evaluate:
       • Revenues and receivables.
       • Inventories.
       • Non-current tangible and intangible assets.
       • Liabilities and bonds.
  2. Second section: open-ended questions (journal entries or other types of open-ended questions, id est exercises) aimed at assessing the application of the knowledge and understanding of the students, as follows:
     • Ability to use the "accounting equation" and to apply the double-entry accounting system.
     • Ability to prepare the periodical and adjusting entries for basic transactions.
     • Ability to compose a full set of financial statements on the basis of simple transactions as above listed.
     • Ability to analyze, evaluate, calculate and prepare the journal entries related to the following financial statement items, according to law and to accounting principles:
       • Revenues and receivables.
       • Inventories.
       • Non-current tangible and intangible assets.
       • Liabilities and bonds
• Bonuses attendance: Attendance of students is assessed through the “Attendance” procedure. To be considered “attending”, students are required to be present on more than 75% of lessons (at least 17 lectures over 22). An attendance registered “late” is not valid. If students attend more than 75% of lessons, they achieve a “bonus attendance”. The “bonus attendance” consists in ADDITIONAL + 1,00 point, which will be added to the points scored in the “written exam”.
• Bonus quizzes. During the course, 2 "in class" short quizzes are given to the students via Bboard. These 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 following lessons:
  • Quiz 1: final lesson before the break for partial exams.
  • Quiz 2: final lesson of the course.
  • Each of the two tests is graded between 0,00 and 3,50 points. Then points of the two quizzes are added up (if a student is absent on one date of the quiz, points are zero for that single quiz and total points coincide quith points of the single quiz carried out). This way, a student can achieve up to 7,00 points as “bonus quizzes”.
• Such (up to) 7,00 “bonus points” give the students 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 with the points scored in the quizzes. In other words, these (up to) 7 points are ALTERNATIVE in respect to an exercise of the exam. Hence, all students who are happy with their result achieved in the “bonus quizzes” have an exam on 23 point basis, as they automatically get “bonus points” in one exercise. In other words, these points are not “in addition to” the grade of the exam, but rather these points are “substitutive” of an exercise in the exam which is weighed 7 points. Otherwise, whether a student is unhappy with the points achieved in the “bonus quizzes”, he/she is allowed to make the exercise in the exam. The grade of the exercise of the exam overrides the points scored in the Bonus Quizzes.

Please refer to the paragraph "attending students" and consider what follows.

• Not attending students (as above defined) have a written exam, which is the same of attending students, on a 30 points basis. 
• Moreover, not attending students can get the "bonus quizzes" by attending the whole lectures in which the quiz will be deployed. Nobody can make the quiz at home; any violation is considered as a violation of the "attendance" system.
• In other words, the only difference between "attending" and "not-attending" students is the "bonus attendance" which cannot be achieved by not attending students.

The course material is exclusively represented by:

• LIBBY, LIBBY, HODGE, Financial Accounting, McGraw-Hill, International Edition, 2016, 9th edition. More detailed information on chapters included and excluded are posted on Bboard during course.
• 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.

The content of the course, overall (30426 and 30427), can be summarized as follows:

1. Understand the accounting methodology with reference to data gathering, processing, classification and recording using the "accounting equation" (A= L + SE) and then the double-entry accounting system.
2. Understand the techniques at the basis of financial reporting preparation (preparation of journal entries on the basis of the accrual principle, going concern principle, ... ).
3. Understand the adjusting entries and identify the areas which are particularly subject to managerial discretion.
4. Correctly evaluate the main financial statement items, according to law and to accounting principles: revenues and receivables, inventories, non-current tangible and intangible assets, liabilities and bonds, owners'equity, investments in other corporations.
5. Compute and account for income taxes.
6. Prepare a cash flow statement.
7. Reclassify the F/S items according to different methodologies.
8. Analyze F/S with ratios.
9. Prepare consolidated financial statements.

The course makes reference, where necessary, to lnternational Financial Reporting Standards (IAS/IFRS) and to the main differences compared to US GAAP.

• Accounting Module 1 30426 covers topics under items 1 to 4 of the above list (up to bonds).
• Accounting Module 2 30427 covers topics under 4 (cont'd from owners'equity) to 9 of the above list.

• Understand the techniques at the basis of financial reporting preparation.
• Describe the accounting methodology with reference to data gathering, processing, classification.
• ldentify the critical elements underlying the application of the double-entry accounting system.
• Discern whether there is the need to prepare any adjusting entry on an accrual basis, identifying the areas which are particularly subject to managerial discretion.
• List and explain the general accounting principles underlying the preparation of the set of financial statements.
• Summarize and illustrate the theoretical tools needed to evaluate the following main financial statement items, according to law and to accounting principles:
  • Revenues and receivables.
  • Inventories.
  • Non-current tangible and intangible assets.
  • Liabilities and bonds.

• Use the "accounting equation" and then apply the double-entry accounting system.
• Prepare the periodicaI and adjusting entries tor basic transactions.
• Compose a full set of financial statements on the basis of simple transactions as above listed.
• Analyze, evaluate, calculate and prepare the journal entries related to the following financial statement items, according to law and to accounting principles:
  • Revenues and receivables.
  • Inventories.
  • Non-current tangible and intangible assets.
  • Liabilities and bonds.

• Face-to-face lectures
• Exercises (exercises, database, software etc.)
• Case studies /Incidents (traditional, online)

It is a "basic'' course, hence the learning experience is mainly based on face-to-face lectures. Notwithstanding the above, 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 and all other tasks concerning Accounting.
• To actively participate to review sessions, students need to use their communication and interpersonal skills.
• Additional materials (exercises, slides, et cetera) useful to get trained far the exam are posted on Bboard.

Teaching materials

ATTENDING AND NOT ATTENDING STUDENTS