Financial Accounting and Business Administration - Module: Financial Accounting - Stream B
Financial Accounting - Stream B
Academic year 2023/2024
- Course ID
- Simone Scagnelli (Lecturer)
Giulio Caldarelli (Lecturer)
Federico Lanzalonga (Tutor)
Michele Oppioli (Tutor)
Alessandro Rizzi (Tutor)
Ginevra Degregori (Tutor)
- 1st year
- Teaching period
- Second term + Third term
- Course disciplinary sector (SSD)
- SECS-P/07 - business administration and management
- Formal authority
- Type of examination
- Type of learning unit
- Modular course
- Financial Accounting and Business Administration - Integrated course (MAN0512)
Sommario del corso
The aim of the second part of the course (Financial Accounting part) is to develop a basic knowledge about financial accounting tools and methodologies. The purpose is to provide practical knowledge for analysing, measuring and recording business transactions (bookkeeping techniques), as well as providing the basic understanding of their communication/reporting throughtout corporate financial statements. Students need to understand that accounting is the language of business, and it can help to communicate and assess the performance of an organisation.
Results of learning outcomes
1) Start developing independent judgment of business facts.
2) Being able to identify and assess the key variables which are the base of a business or an organisation.
3) Being able to analyse the main features of a business entity in terms of core functions and processes as well as the possible related issues.
4) ability to analyse a business transaction and its financial measurement and communication.
5) record a business transaction on the main accounting books (ledger and journal).
6) understand the impact of business transaction on financial reports and been able to prepare them in their basic forms (balance sheet, income statement, cash fow statement)
7) identify key variables in assessing and judge the financial performance of a business
FINANCIAL ACCOUNTING (FA):
- The accounting cycle
- The accounting equation
- Accounting for ordinary business transactions;
- Fixed assets
- Financing operations
- Shareholders' Equity
- Preparation of trial balance
- Adjustments and closing entries
- Preparation of basic Financial statements (Balace sheet, Income Statement, Cash Flow statement)
The course is articulated in 42 hours of formal in-class lecture time, and on those topics will be scheduled tutorials to help students with the exercises. Furthermore, an at-home work is recommended.
Learning assessment methods
The exam is written and it consists of exercises aimed at journalizing business transactions, multiple-choice and calculation based on recordings. The exam will be held in presence in a computer lab.
The exam is worth 90% of the module.
There are intermediate evaluated assignments that are worth the remaining 10% and they will be posted on Moodle during the course.
Please, check your institutional email, because all the emails are sent by Esse3 only to your institutional email (the one with the domain @edu.unito.it)
Exercises, simulations, and real cases are available on Moodle.
In order to deepen your understanding about the topics of this course and to better prepare for the exam, the textbook is warmly raccomended.
The book will be really useful to you as it provides many case studies and exercises so that you can practice both while you are taking this online course and while you are studying for the final exam. We will use it as a textbook both in the course in "Financial Accounting and Business Administration" (1st year) and in the course in "Intermediate Financial Accounting" (2nd year).
Suggested readings and bibliography
- Introduction to Financial Accounting - Concepts, Cases and Exercises
- Year of publication:
- Giappichelli Editore
- Scagnelli, Gromis Di Trana, Venuti