30292 - INTERMEDIATE FINANCIAL ACCOUNTING
CLEAM - CLEACC - BESS-CLES - WBB - BIEF - BIEM
Course taught in English
Go to class group/s: 31
The course deals with the following topics in financial accounting: consolidated financial statements and the content of selected international accounting standards. The aim of the course is to enable students to prepare and read group financial statements, and, in addition, to understand the most important rules of a number of IAS/IFRS. Given the initial different background attending students are coming from, an overall review of the main concepts of financial accounting is presented at the beginning of the course. Each class is always characterized by both theoretical issues and exercises/case discussions.
The course contents are listed below:
- a review of basic financial accounting rules: financial statements preparation and analysis;
- group accounting;
- the analysis of consolidated financial statements;
- critical valuation issues (according to IAS/IFRS): property, plant and equipment; intangible assets; impairment test; lease contracts; segment reporting; inventories; inventories; foreign currencies; income taxes.
During the course, some cases are discussed with reference to real listed companies and their financial statements. Students are expected to prepare their analysis in advance in order to be able to contribute to the discussion during the classes.
For attending students: the exam could be made of two written tests (partial test plus final test). Sufficiency in both tests is required to pass the exam (sufficiency = grade equal or higher than 18/30).
The reference book is communicated at the beginning of the course.
Knowledge of basic financial accounting principles and rules.